The Abington Township school board in Montgomery County has approved a plan to rename its high school after Blackstone Group CEO Stephen Schwarzman, an alumnus who is donating $25 million to the school.
Abington Senior High School would be renamed Abington Schwarzman High School under the plan approved Tuesday. The agenda for the school board meeting says Schwarzman agreed to make the donation in exchange for naming rights, among other things.
A news release announcing the gift last month made no mention of a name change. It said the move was part of a larger effort by Schwarzman to make public schools more open to private donations and to encourage other wealthy donors to support public education.
