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US education initiative receives funds from Investment guru

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Peter Lynch, the legendary investor, is donating US$20 million to train school principals in Boston, in order to make them equipped with the latest in a growing list of high net worth individuals to publicly champion philanthropy. Last week, Microsoft (MSFT.O) founder Bill Gates and investor Warren Buffett of Berkshire Hathaway the two wealthiest Americans, said they were asking hundreds of U.S. billionaires to give away at least 50 % of their wealth. With the believe that the wealthy should give back to the society Lynch's fortune is considerably more modest. Lynch, now vice chairman of Fidelity Management and Research Co.,and his wife, Carolyn, have long funded educational initiatives through the Lynch Foundation, their philanthropic organization. The Fellow principals will be selected from Boston's 135 public schools, 16 charter schools and 135 parochial schools.

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