Phillips

the name of two celebrated New England academies. The first, known as Phillips Andover Academy, was founded at Andover, Massachusetts, April 25, 1778. The original endowment consisted of 140 acres of land with buildings, some 200 acres in New Hampshire, and about $8,000 in cash. It was the gift of three brothers, Samuel, John, and William, instigated by a younger Phillips, the prospective heir of much of the property. The present endowment of the school amounts to about $400,000, with an annual income of $70,000. There are about 400 students and twenty-five instructors.