Clara Abbott

Clara Abbott (1836–1924) was an American philanthropist and co-founder of Abbott Laboratories, a global healthcare company. She played a significant role in the early development of the company and was instrumental in establishing the Clara Abbott Foundation, which continues to support Abbott employees and their families.

Early Life

Clara Abbott was born in 1836 in Seneca, New York. Little is known about her early life, but she was raised in a time when opportunities for women were limited. Despite these challenges, Clara was known for her intelligence and determination.

Marriage to Dr. Wallace C. Abbott

In 1858, Clara married Wallace C. Abbott, a practicing physician and pharmacist. The couple moved to Chicago, Illinois, where Dr. Abbott began experimenting with the production of "alkaloidal medicine" tablets. Clara supported her husband's endeavors, contributing to the business's growth and success.

Role in Abbott Laboratories

Clara Abbott was a key figure in the establishment of Abbott Laboratories. While her husband focused on the scientific and medical aspects of the business, Clara managed many of the administrative and financial tasks. Her business acumen and organizational skills were crucial in the company's early years.

Philanthropy

Clara Abbott was deeply committed to philanthropy. In 1916, she established the Clara Abbott Foundation, which aimed to provide financial assistance to Abbott employees and their families. The foundation was one of the first of its kind and set a precedent for corporate responsibility and employee welfare.

Legacy

Clara Abbott's legacy lives on through the Clara Abbott Foundation, which continues to support Abbott employees worldwide. Her contributions to the founding and growth of Abbott Laboratories have had a lasting impact on the healthcare industry.

Also see

• Abbott Laboratories
• Wallace C. Abbott
• Clara Abbott Foundation
• History of women in business