High Quality Content by WIKIPEDIA articles! Yerkes Observatory is an astronomical observatory operated by the University of Chicago in Williams Bay, Wisconsin. The observatory, which calls itself "the birthplace of modern astrophysics," was founded in 1897 by George Ellery Hale and financed by Charles T. Yerkes. It represented a shift in the thinking about observatories, from their being mere housing for telescopes and observers, to the modern concept of observation equipment integrated with laboratory space for physics and chemistry.