Below is the list of tables from the database along with their columns and datatype. Need to generate an accurate SQL query for the question.
Only use the columns present in the respective table. Only use the columns which are required to generate the SQL query. Only use table joins if required and not otherwise.

### Tables ###
TABLE: CREATE TABLE table_12434380_1 (mascot VARCHAR, founded VARCHAR, school_colors VARCHAR)

### Question ###
What is the mascot for the school founded in 1923 with the school colors of blue, red & white?

### Accurate SQL ###

SELECT mascot FROM table_12434380_1 WHERE founded = 1923 AND school_colors = "Blue, Red & White"