While previous generous gifts by Annenberg helped the school build a library, dormitories, an athletic center, and a science center, the legendary gift of $100 million was made to see Peddie become accessible to all. This endowment was not earmarked for new buildings, but for financial aid. The endowment has enabled students from all backgrounds to pursue a course of study that would have been unattainable otherwise. In 2018-19, annual tuition for day students is $53,100 and for boarding students is $62,400. Each year, about 40% of Peddie students receive financial aid.