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The institution was founded as a way for Bancroft and fellow educators to develop innovative ways of teaching developmentally disabled children.
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Charles Lippincott purchased this for Margaret's' school. It was a beautiful house located on Kings Highway on the Cooper River Side of the Haddonfield Campus.
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She created this women's club hoping with hopes that this type of women’s organization outside the home would promote the educational, literary and social interests of its members.
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The school was chartered as a stock corporation.
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The school became the Bancroft Training School.
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Bancroft acquired property on the coast of Maine that would act as a nice place for the children to be in the hot days of summer.
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Jenzia Cooley came to Bancroft on advice for a family friend and then became her assistant. Not long after, Jenzia's sister, Miriam, joined her at Bancroft.
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The organization was rechartered as a non-profit corporation known as The Bancroft School.