October 4, 2007
Alumna Pledges $128.5-Million to Quaker School
The George School, a Quaker boarding and day school in Newtown, Pa., has received a $128.5-million pledge from Barbara Dodd Anderson, a 1950 alumna whose fortune comes from stock in Berkshire Hathaway, the insurance and investment company founded by Warren E. Buffett. The money will be paid out over the next 20 years.
Beginning September 30, the school will receive $5-million a year through a trust for 15 years, and then $10.7-million annually for the last five years.
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