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[’90s SPOTLIGHT]
ON FATHER’S DAY 1993, Walter H. Annenberg ’27 gave $100 million to Peddie as an endowed fund designed to expand financial aid, institute innovative programs and recruit exceptional faculty. It was the largest cash gift ever given to an independent school, bringing instant fame to Peddie.
Overnight, the school’s endowment catapulted. Applications soared. Students who previously had never considered Peddie because of financial circumstances were given an opportunity to receive a world-class education.
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By now, you all have seen or heard of Ambassador Annenberg’s incredible gift of $100 million to his alma mater. Never before in the history of independent school education has there been a gift to rival this one.
