Issue: May 25, 2001

Business Editors

SEATTLE--(BUSINESS WIRE)--May 25, 2001

Donation to be Used for Infrastructure Development, Endowment,

and Financial Aid

Lakeside School announced today that it has received a grant of $10 million from the Paul G. Allen Charitable Foundation, to be used for the continued development and implementation of the school's recently announced laptop computer program for students and faculty.

"With the overwhelming generosity of the Allen family we are able to continue in our pursuit to provide our students with technology tools that will enhance their learning and improve their critical thinking skills," said Bernie Noe, director of Lakeside School. "This generous grant will be valuable in ensuring that our students have a critical base in skills that support their present and future learning and the school's commitment to lifelong curiosity."

The gift will be used to build the school's technology infrastructure including updating and expanding the wireless network, upgrading servers, providing software licensing for students, teachers and staff, supporting remote accessibility, providing hands-on training and instruction, and creating a significant endowment to build and strengthen integration of laptop use throughout the school. The gift also makes possible significant financial aid for students in need.

"As alumni of Lakeside we are pleased to support the school and this innovative program," said Jody Patton, executive director of the Paul G. Allen Charitable Foundation. "We are proud of the Lakeside history and view this as an excellent opportunity to advance their mission of learning and exploration by ensuring that current and future students at the school have the tools and technology resources they need for a world class education."

Lakeside School announced that it would phase in its laptop program over the next four years. Students in grade 7,8, and 9 will participate in the program during the 2001-2002 school year with one additional grade added each year thereafter. By the 2004-2005 school year, when the program is fully implemented, more than 600 students in grades 7 through 12 will benefit from the program.

About Lakeside School

Located in North Seattle, Lakeside School is an independent school for students in grades 5 -12. Currently in its 83rd year, Lakeside is a place where bright, eager, energetic and motivated students and teachers share a love of learning in an environment of respect and compassion. Guided by our mission, Lakeside seeks to develop in intellectually capable young people the creative minds, healthy bodies and ethical spirits needed to contribute wisdom, compassion and leadership to a global society. We are committed to sustaining a school in which individuals representing diverse cultures and experiences instruct one another in the meaning and value of community and in the importance of lifelong learning.

About the Paul G. Allen Charitable Foundation

The Paul G. Allen Charitable Foundation supports a wide variety of charitable endeavors in the Pacific Northwest. The Foundation is dedicated to promoting the health and development of vulnerable populations and to strengthening families and communities. The Foundation invests in projects and programs that address social challenges and promote positive change. Past grant recipients have included the YMCA of Greater Seattle, The University of Washington and the Seattle Public Library.. Founded in 1988, the Paul G. Allen Charitable Foundation is administered through Vulcan Northwest, Inc., of Seattle, Wash.

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