Chartered in 1746 as the College of New Jersey―the name by which it was known for 150 years―Princeton University is the fourth oldest college in the nation. Located in Elizabeth for one year and then in Newark for nine, the College of New Jersey moved to Princeton in 1756. In 1896, when expanded program offerings brought the College university status, the College of New Jersey was officially renamed Princeton University in honor of its host community. Four years later the Graduate School was established.
Princeton provides undergraduate and graduate instruction in the humanities, social sciences, natural sciences, and engineering. It offers professional degrees through the School of Public and International Affairs, the School of Engineering and Applied Science, the School of Architecture, and the Bendheim Center for Finance.
As a world-renowned research university, Princeton seeks to achieve the highest levels of distinction in the discovery and transmission of knowledge and understanding. At the same time, Princeton is distinctive among research universities in its commitment to undergraduate teaching.
The Trustees of Princeton University, a 40-member board, is responsible for the overall direction of the University. It approves the operating and capital budgets, supervises the investment of the University’s endowment, and oversees campus real estate and long-range physical planning. The trustees also exercise prior review and approval concerning changes in major policies, such as those in instructional programs and admission, as well as tuition and fees and the hiring of faculty members.
With an endowment of $26.6 billion, Princeton University is among the best resourced universities in the world. The University has the greatest per-student endowment (over $2 million for undergraduates). Such a significant endowment is sustained through the continued donations of its alumni and is maintained by investment advisers.
Today, more than 1,200 faculty members instruct approximately 5,200 undergraduate students and 2,900 graduate students. The University’s generous financial aid program ensures that talented students from all economic backgrounds can afford a Princeton education. It is consistently ranked as one of the best universities in the world.
The University, with approximately 7,000 benefits-eligible employees, is one of Mercer County’s largest private employers and one of the largest in the region. It plays a major role in the educational, cultural, and economic life in the area by bringing more than 860,000 visitors and more than $2 billion in economic activity to the region each year.
Princeton’s central campus in Princeton, NJ consists of approximately ten million square feet of built space in 200 buildings on 600 acres. The University is planning expansion on a lake campus in West Windsor, NJ. Special facilities on University-owned lands include a golf course, a lake, the Forrestal Campus in Plainsboro, and roads for which the University owns the right-of-way. The campus includes facilities that support 37 NCAA Division I and Ivy League teams. The Princeton University Art Museum has a collection of over 110,000 works of art from antiquity to the present, including works by Claude Monet, Vincent van Gogh, Jackson Pollock, and Andy Warhol, among other prominent artists. The Princeton University library collections include more than seven million printed works and a rare book collection dating to the 15th century.
The University’s campus is ideally situated and offers distinctively handsome architecture in a hospitable small-town setting. The town of Princeton has approximately 30,000 residents and is located just an hour from both New York City and Philadelphia.