Tuesday, January 29, 2008

The Richest Secondary School in America

In this recent NY Times article on secondary schools with big endowments, I was totally shocked to see that the #1 richest school wasn't one of the famous east coast elite prep schools, but The Kamehameha Schools, a Hawaiian institution created by the ancestors of Kamehameha, the founder of Hawaii.

Here's an interesting snip from the wikipedia article:

Kamehameha Schools was established in 1887 under the terms of the last will and testament of Bernice Pauahi Bishop, a direct descendant of Kamehameha the Great and last of the House of Kamehameha. Bishop's will established a trust currently called the Bernice Pauahi Bishop Estate, the largest private landowner in the State of Hawaiʻi. Income from the trust is used to operate the schools.
The schools' controversial admissions policy gives preference to Native Hawaiians as Pauahi intended, and has effectively excluded all but two non-Hawaiians from attending since 1965. Legal challenges to the schools' admission policy have resulted in favorable outcomes for Kamehameha.


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