From the Spring/Summer 2018 issue of the Peddie Chronicle.

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Michael Armellino '57

From the Peddie Chronicle Spring/Summer 2018 issue

Michael Armellino '57 Annenberg Gift

Michael Armellino '57 is credited with guiding the investment of Walter Annenberg's historic gift to Peddie.

Emeritus trustee Michael Armellino ’57 served as chair of the investment management committee at Peddie from 1994-2006. He is credited with guiding the investment of Walter Annenberg’s historic gift. His own generosity has resulted in enhancements to faculty housing and facilities, and capital improvements. In 2014, Peddie announced the creation of the Armellino Scholarship, which Armellino endowed to launch the most expansive and competitive merit-based scholarship in Peddie’s history.

Armellino believes that Annenberg’s tradition of philanthropy must continue in order to meet the needs of future generations.

“The Annenberg gift provided previously unavailable financial aid to substantially broaden access to Peddie, as well as superb faculty and facilities necessary to attract capable and diverse students. Mr. Annenberg showed the way. However, as the cost of education continues to escalate and competition is intense, it is clear to me that Annenberg’s extraordinary generosity alone is not enough to sustain Peddie as a leader in secondary school education. I hope to do my part to continue Ambassador Annenberg’s legacy.”