Princeton receives $20 million from alumni to expand student body

Princeton receives $20 million from alumni to expand student body

Princeton University has announced a $20 million gift from alumni Kwanza Jones ('93) and José E. Feliciano ('94) in support of efforts to expand its undergraduate student body.

The largest gift in Princeton history from Black and Latinx donors will support construction of two adjoining dormitories in one of two residential colleges being built to accommodate a 10 percent expansion of the student body, starting with the 2022-23 academic year. According to the university, the addition of approximately five hundred undergraduates will enable it to attract and support talented students from all backgrounds and highlights its efforts to increase diversity, equity, inclusion, and belonging for the larger community. In recognition of the gift, one of the dormitories will be named for Jones while the other will be named for her husband, Feliciano.

Jones is an artist, investor, lawyer, and entrepreneur who founded media company SUPERCHARGED. Feliciano is co-founder and managing partner of private investment firm Clearlake Capital Group. In 2014, the couple co-founded the Kwanza Jones & José E. Feliciano SUPERCHARGED Initiative, a grantmaking and investment vehicle focused on education, entrepreneurship, equity, and empowerment. 

"We see this gift as the color of commitment. It celebrates the many contributions to Princeton's legacy from its diverse students and alumni making a tremendous impact in the world," said Jones. "It represents what it means for us to individually and collectively thrive. It demonstrates that people of color belong in the room and sit at the table as patrons and co-creators to help the university to continue to do the work of service to humanity. Most importantly, during this time of national reckoning on race and racial injustice, it highlights the benefits that diversity, inclusion, and belonging can bring. Princeton is a microcosm of America; we're modeling that working together makes us all stronger moving forward."