Princeton receives $20 million from alumni to develop scholar physique

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Princeton College has introduced a $20 million present from alumni Kwanza Jones (’93) and José E. Feliciano (’94) in help of efforts to develop its undergraduate scholar physique.

The most important present in Princeton historical past from Black and Latinx donors will help building of two adjoining dormitories in one in every of two residential schools being constructed to accommodate a 10 p.c enlargement of the coed physique, beginning with the 2022-23 tutorial yr. In keeping with the college, the addition of roughly 5 hundred undergraduates will allow it to draw and help gifted college students from all backgrounds and highlights its efforts to extend variety, fairness, inclusion, and belonging for the bigger neighborhood. In recognition of the present, one of many dormitories will likely be named for Jones whereas the opposite will likely be named for her husband, Feliciano.

Jones is an artist, investor, lawyer, and entrepreneur who based media firm SUPERCHARGED, whereas Feliciano is co-founder and managing associate of personal funding agency Clearlake Capital Group. In 2014, the couple co-founded the Kwanza Jones & José E. Feliciano SUPERCHARGED Initiative, a grantmaking and funding automobile centered on schooling, entrepreneurship, fairness, and empowerment. 

“We see this present as the colour of dedication. It celebrates the various contributions to Princeton’s legacy from its numerous college students and alumni making an incredible affect on the planet,” stated Jones. “It represents what it means for us to individually and collectively thrive. It demonstrates that folks of colour belong within the room and sit on the desk as patrons and co-creators to assist the college to proceed to do the work of service to humanity. Most significantly, throughout this time of nationwide looking on race and racial injustice, it highlights the advantages that variety, inclusion, and belonging can deliver. Princeton is a microcosm of America; we’re modeling that working collectively makes us all stronger shifting ahead.”

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