Princeton Receives $20 Million for New International Building

Princeton Receives $20 Million for New International Building

Princeton University has announced a $20 million gift from alumnus Louis A. Simpson and his wife, Kimberly K. Querrey, toward the renovation of an existing building on campus that will house many of Princeton’s international initiatives.

The gift will support the ongoing renovation of the university's former Frick Chemistry Laboratory, which will be renamed the Louis A. Simpson *60 International Building. When completed, the facility will be home to a number of offices and academic units, including the Princeton Institute for International and Regional Studies; the Kathryn W. and Shelby Cullom Davis '30 International Center; the Council for International Teaching and Research; the Bridge Year Program; the Office of International Programs; and the Princeton in Asia, Princeton in Africa, and Princeton in Latin America programs. Renovation the facility is expected to be completed this summer.

Simpson, the chair of SQ Advisors LLC, earned his master's degree in economics from Princeton in 1960, was an economics instructor at the university in 1961-62, and served on the board of the Princeton University Investment Company from 2007 to 2013. The former president and CEO of capital operations for GEICO Corporation, Simposn also served as president and CEO of Western Asset Management, a subsidiary of Los Angeles-based Western Bancorp, and was a partner at Stein Roe & Farnham in Chicago.

"The Louis A. Simpson *60 International Building will simultaneously strengthen Princeton's connections to the world and enhance collaborations here on campus," said Princeton president Christopher L. Eisgruber. "Thanks to Lou and Kimberly's great generosity, this campus has a new focal point for scholars who pursue international research and students who seek international experience."