William Edward Baxter (24 June 1825 – 10 August 1890) was a Scottish businessman, Liberal politician and travel writer.

When the Liberal Party split over the issue of Irish Home Rule in 1886, Baxter supported the Unionist faction until his death.

His second son, Sir George Washington Baxter (1853–1926), followed his father into politics, being a leading figure in the Unionist Party in Scotland in the early 20th-century.

[9][10] Sir George also continued the family involvement with University College, serving as its president.

After a long period of ill health, W. E. Baxter died at his home, Kincaldrum House, near Forfar in August 1890.