Princeton University alumni Kwanza Jones and José E. Feliciano have made a $20 million gift to Princeton University, the largest gift to date by Black and Latino donors.

Clearlake Capital Group co-founder Jose Feliciano and his wife, musical artist Kwanza Jones, have donated $20 million to Princeton University to construct two new dormitories at their alma mater that will be named after the two donors. It is the largest donation to the university to date from Black and Latino philanthropists, Princeton said. Feliciano helped found Clearlake in 2006.

The billionaire investor and artist, lawyer and entrepreneur have given the biggest gift ever to the university from Black and Latino donors.

Jose Feliciano, the co-founder of Clearlake Capital Group, and his wife Kwanza Jones are using a $20 million gift to help Princeton University expand its student body by 10%, broadening educational opportunities for minority and low-income students.

Prestigious Ivy League institution Princeton University is set to expand its student body by 500 students, or 10%, in the 2022/2o23 academic year after a historic $20 million gift by alumni Kwanza Jones and her husband José Feliciano, the co-founder of private equity firm Clearlake Capital Group.

José E. Feliciano, an MAE Alum (’94), and his wife Kwanza Jones (Princeton graduate ‘93), make a major donation to support the University’s strategic goal of undergraduate expansion. Two adjoining dormitories are being constructed in one of the two new residential colleges being built at Princeton and will be named after them.

Representing the changing face of higher-ed philanthropy, largest gift to the University by Black and Latino donors expands Princeton’s ability to attract and support talented students from all backgrounds

Kwanza Jones and José E. Feliciano have made a major gift to Princeton University, a $20 million contribution that is the largest gift to date by Black and Latino donors, and one of a few extraordinary alumni commitments to the university’s strategic goal of undergraduate expansion, with the construction of two adjoining dormitories in one of the two new residential colleges being built at Princeton.

Largest gift to the University by Black and Latino donors expands ability of University to attract and support talented students from all backgrounds and highlights the promise of diversity, equity, inclusion and belonging for the larger community.

Representing the changing face of higher-ed philanthropy, largest gift to the University by Black and Latino donors expands Princeton’s ability to attract and support talented students from all backgrounds