Taxing George Washington’s legacy — like chopping down the cherry tree
In 1796, George Washington made a gift valued at $20,000 to a struggling classical school called Liberty Hall Academy. The donation, which formed the largest component of Liberty Hall’s meager endowment, not only permitted the school to keep its doors open but also promised a permanent revenue stream that would benefit generations of students.
Originally published: January 17, 2018
Author: William C. Dudley
Institution: Washington and Lee University
Published by: The Washington Post