Actually, the truth of the matter might be a bit more unsettling. Skull and bones was created by a couple men named William Huntington Russell and Alphonso Taft.

Skull and Bones
[link to en.wikipedia.org]

The society's alumni organization, which owns the society's real property and oversees the organization, is the Russell Trust Association, named for William Huntington Russell, who co-founded Skull and Bones with classmate Alphonso Taft.

William Huntington Russell
[link to en.wikipedia.org]

In 1856, with several other Bonesmen, he incorporated Skull and Bones as the Russell Trust, later the Russell Trust Association. The Russell Trust Association is a tax-exempt association; it holds possession of the Skull and Bones Hall at Yale University and the society's holiday island, Deer Island.

Alphonso Taft
[link to en.wikipedia.org]

Alphonso Taft (November 5, 1810 – May 21, 1891) was the Attorney General and Secretary of War under President Ulysses S. Grant and the founder of an American political dynasty. He was the father of U.S. President William Howard Taft.

Russell Trust Association
[link to en.wikipedia.org]

The Russell Trust Association is the business name for the New Haven, Connecticut, based Skull and Bones society, incorporated in 1856.

From 1978 onward, business of the Russell Trust Association was handled by its single trustee, Brown Brothers Harriman & Co. partner John B. Madden. Madden started with Brown Brothers Harriman in 1946, under senior partner Prescott Bush.