In 1909, a horologist and sailing enthusiast named William Gibbs died at the Edgewood Yacht Club in Cranston, Rhode Island, after falling from the mast of his boat. The accident widowed his wife, Katharine, then 46, leaving her to support their two sons as well as an unmarried sister. But her circumstances did not remain straitened for long. With startup capital funded by the sale of her jewelry and help from family friends, in 1911 Katharine bought the Providence School for Secretaries, soon changing the name to the Katharine Gibbs School. Equal parts finishing school and vocational academy, the venture was so successful that, by 1918, Gibbs had satellite campuses in Boston and New York, an
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