Its main office is housed in a cottage on the grounds of the Moody Mansion at 2618 Broadway Boulevard in Galveston, Texas.
Galveston businesswoman and philanthropist Mary Moody Northen established the Mary Moody Northen Endowment in 1964. Mrs. Northen was the daughter of William Lewis Moody, Jr., of Galveston, Texas. After her father died in 1954, she assumed leadership of more than 50 family enterprises, and guided their growth for three decades until her death in 1986.
Among the enterprises she directed were the American National Insurance Company and Moody National Bank in Texas, Mountain Lake Hotel in Virginia, and a large number of hotel and ranching operations around the country. She also chaired the Moody Foundation, which was founded by her mother and father and has become one of the largest philanthropic foundations in Texas. Mrs. Northen was featured on the cover of Newsweek Magazine, and at least one article in the national media referred to her “The First Lady of Finance.”