Overview
Frank Porter Wood (29 June 1882 – 20 March 1955) was a Canadian businessman and philanthropist. He is best remembered for his many gifts and bequests of artworks to the Art Gallery of Ontario in Toronto.
Life and career
Wood was born in Peterborough, Ontario, to Canadian immigrants of mixed parentage: his father was Irish (John W. Wood) and his mother was Scottish (Jane Porter). He married Emma Matilda Junkin in 1906 and had three daughters: Mary (Mollie) Dorothy Porter Wood, Frances (Franie) Junkin Wood and Joyce Rogers Wood.
In 1897, he started working in Peterborough as a clerk for the Central Canada Loan and Savings Company, established by Senator George Albertus Cox. In 1899, Wood moved to Montreal to work for the National Trust Company, incorporated a year earlier by Cox and Wood's brother, Edward Rogers Wood. Later in life, he became a Vice-President of the National Trust.
In 1903, Wood started up, with Sir Frank Wilton Baillie and his brother James Wilton Baillie, a brokerage firm called Baillie Brothers and Company (later Baillie, Wood, and Croft), which operated on the Toronto Stock Exchange. In 1910, Wood became President of Burlington Steel. Baillie, Wood and Croft was dissolved at the end of 1915 and taken over by Bankers’ Bond Company Limited of which Wood was made vice-president.
Late in 1914, Wood and Sir Frank Baillie collaborated with the owners of the Chadwick Brass Company in Hamilton to set up the large Canadian Cartridge Company Limited, of which Sir Frank Baillie became President and Wood Vice-President. Until his death in 1955, Wood continued to participate in the Canadian business community as a financier.
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