Photos Courtesy of The Peddie School
Twenty-five years since Walter H. Annenberg bestowed his historic gift on Peddie School in Hightstown, N.J., the school is an example of how philanthropy can transform a school — and how a school can transform thousands of lives as a result.
On Father’s Day, 1993, Annenberg gave $100 million to Peddie — along with $265 million to the University of Pennsylvania, the University of Southern California and Harvard University — 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, and it brought instant fame to Peddie. more