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Posted inLife & Culture

Fryeburg to remember grad who left school $15 million

Bion Cram enjoyed making money and generally hated spending it, except when it came to the schools that gave him the foundation to become a wealthy investment banker.

This afternoon, Fryeburg Academy will hold a memorial service for Cram, who left $15 million to the town academy when he died in 2008. He gave $13.5 million to his other alma mater, Bowdoin College in Brunswick, where he graduated in 1937 with a bachelor’s degree in economics.