In 1919, Lloyd and his two brothers established trusts to fund the Lloyd Library and Museum. Today it is considered by many to house the finest collections in the world devoted to eclectic medicine, medical botany and pharmacy. During the 19th and early 20th centuries, the eclectic medicine movement was popular, which incorporated the use of medical botany. The movement led to the founding of associated medical schools, including the Eclectic Medical Institute, first located in Worthington in 1833, which later moved to Cincinnati where it had students from 1845 to 1939.