Much of the Institution's initial funding and the initial proposal for its founding were given by the Society for Bettering the Conditions and Improving the Comforts of the Poor, under the guidance of philanthropist Sir Thomas Bernard and American-born British scientist Sir Benjamin Thompson, Count Rumford. Since its founding it has been based at 21 Albemarle Street in Mayfair. Its Royal Charter was granted in 1800.
Throughout its history, the Institution has supported public engagement with science through a programme of lectures, many of which continue today. The most famous of these are the annual Royal Institution Christmas Lectures, founded by Michael Faraday. The Royal Institution was founded as the result of a proposal by the American-born Bavarian Count Rumford for the "formation by Subscription, in the Metropolis of the British Empire, of a Public Institution for diffusing the Knowledge and facilitating the general Introduction of useful Mechanical Inventions and Improvements, and for the teaching by courses of Philosophical Lectures and Experiments, the application of Science to the Common Purposes of Life".
The first Professor and Public Lecturer in Experimental Philosophy, Mechanics and Chemistry was Dr Thomas Garnett, whom Rumford poached from the newly founded Andersonian Instute in Glasgow. Despite Garnett's first lectures being a great success, his salary was frozen, he was not allowed to practise as a doctor, and Humphry Davy was appointed as his assistant, so he resigned. Humphry Davy was an even greater success, as was his assistant and successor Michael Faraday. Davy's immediate successor was William Thomas Brande.
Thus the Institution has had an instrumental role in the advancement of science since its founding. Notable scientists who have worked there include Sir Humphry Davy (who discovered sodium and potassium), Michael Faraday, James Dewar, Sir William Henry Bragg and Sir William Lawrence Bragg (who jointly won the Nobel prize for their work on x-ray diffraction), Max Perutz, John Kendrew, Antony Hewish, and George Porter.
In the 19th century, Faraday carried out much of the research which laid the groundwork for the practical exploitation of electricity at the Royal Institution. In total fifteen scientists attached to the Royal Institution have won Nobel Prizes. Ten chemical elements including sodium were discovered there; the electric generator was devised at the Institution, and much of the early work on the atomic structure of crystals was carried out within it.