Phillips Exeter Academy in Exeter, New Hampshire, has announced a $25 million anonymous gift from a former student. The gift will be used to endow four professorships, six teaching chairs, and three instructorships, as well as create a fund to support professional development opportunities for faculty and staff.

"I made this gift to recognize and honor the Exeter teachers who were so influential in my life," the donor said. "I continue to be impressed with the brilliance of Exeter's faculty today, and by making this gift in perpetuity I want to ensure that Exeter students of the future will always have such leaders and mentors to guide and influence them."

"The donor makes a clear statement about what is central to the Exeter experience — teachers," said the school's principal, Tyler C. Tingley. "Especially important are the teachers who live and work in a boarding school who daily guide the young people to be good citizens and leaders in a complex world."