The Drapers’ Company became a corporate entity with perpetual succession and a common seal in 1438 when it received its first Charter of Incorporation. The current governing Royal Charter was granted in 1607 and the most recent Supplemental Charter was granted in 2008.
Although during the early 17th century, the Company ceased its direct involvement in the drapery trade, it gained a new relevance based on its perpetual nature by engaging in numerous philanthropic endeavours that survive to the present day. This relevance has been maintained through its role as the corporate trustee of a number of charities.
Over time the Company amassed a substantial endowment that is now invested in a range of asset classes including a portfolio of commercial properties in the City of London.
An example of prime property owned by the Company is Drapers' Gardens, which has recently been redeveloped to provide a flagship 270,000 square foot head office for BlackRock, the global asset management firm.