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In 1537, Thomas Howell, a Welsh merchant trading in Bristol, London and Seville, bequeathed 12,000 gold ducats to the Drapers' Guild to provide dowries “every yere for Maydens for ever.” His “Merchant’s Mark” is still used as a logo for the school.
He then served as Master of the Drapers' Company, sat as an alderman on the City of London Corporation, and was president of St Thomas' Hospital, which he probably saved from ruin, by discovering the frauds of a dishonest steward.
In 1535, Sir George Monoux, Alderman of London and Master of the Worshipful Company of Drapers, one of the guilds of the City of London, repaired the north aisle and built a chapel on the east end of it running along the north wall of the chancel.