Torah Academy Girls High School has received a pledge of $4.5 million toward a future move from its shared home with the Orthodox grade school in Wynnewood to an independent facility, the school recently announced.
The magnitude of the gift, from Ted and Phyllis Kosloff, is predicated on the future building being located in or near Lower Merion Township, according to a school newsletter. The pledge, along with funds from the Kohelet Foundation, will go toward acquiring and renovating the building, as well as for programming and operational costs.
A committee of 15 volunteers is exploring sites and will make a decision by the end of the summer with the goal of moving into the new building by fall 2012, school president Naphtali Perlberger said.
"We find ourselves blessed with two cornerstone benefactors who have brought about a very unique and wonderful situation: a realistic and financially secure future wherein TAGHS faculty can continue its excellent educational program in its own building," said the newsletter, signed by Perlberger and fellow search committee leader Amir Goldman.