On Tuesday, Princeton University announced that it will provide more than $14 million in support to Princeton Public Schools over the next five years. 

Princeton University will provide the district with an unrestricted payment of $2,250,000 in the first year, an amount that will increase by 4% in each subsequent year. The University will also provide $500,000 a year to support the goals and initiatives of the new Strategic Plan.

The full announcement can be viewed on the University’s home page.

“On behalf of the Board, I would like to thank the University,” said Dafna Kendal, President of the Princeton Board of Education.

“For decades Princeton University has been a strong supporter of Princeton Public Schools, financially and in many other ways.  While we are very different institutions, we share many values, including a shared commitment to excellence and equity," said Ms. Kendal.

“We all want Princeton Public Schools to be among the best in the state and the country and we want to deliver an excellent education to all of our children,” she said. “Support from Princeton University helps make this possible.”

Dr. Carol Kelley, Superintendent of Schools, also praised Princeton University.

“Having strong partnerships in our community makes all the difference as Princeton Public Schools moves forward with its strategic plan,” said Dr. Kelley. “I would like to thank and applaud Princeton University for their generous investment in the important objectives of the PPS Strategic Plan and for their commitment to our public schools and our community. Having a specific funding amount set for the next five years enables us to support our students and to make wise, long-term decisions.”