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News & Events

Hathaway Stock Helped Fund New Library

Issued: Monday, October 19, 2009Author: Manasee WaghPublication: Bucks County Courier Times
 
"Stock from Berkshire Hathaway, helped fund the construction of a new library at George School," reported Manasee Wagh of the Bucks County Courier Times.  "Buffet said that Columbia economist David Dodd's mentorship through graduate school and beyond was what molded him into the person he is today. Buffett credited Dodd for offering him a place at Columbia and for mentoring him and becoming his close friend."

"Dodd's daughter, George School graduate Barbara Dodd Anderson, had invited Buffett to share in festivities surrounding the ribbon-cutting of the Learning Commons and Mollie Dodd Anderson Library, which Anderson named after her 12-year-old granddaughter."

"Anderson has donated $5 million to the library and earlier gave George School $128.5 million, the largest single gift to an existing U.S. independent school. One-third of that trust is funded by stock from Berkshire Hathaway, Warren Buffett's company, in which Anderson was an early shareholder."
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