Princeton Day School representatives announced today that Goldman Sachs has awarded a $2 million endowed gift to the school to be used for need-based financial aid.
“We are incredibly grateful for the generosity of Goldman Sachs Gives, and are elated to be able to expand Princeton Day School’s financial aid program so that we can continue to enroll the most talented and diverse student population possible,” said Barbara Griffin Cole, chair of the Princeton Day School Board of Trustees “This gift leads us ever closer to our goal of meeting the demonstrated need of our families.”
This gift was made through Goldman Sachs Gives, a donor-advised fund that makes grants to non-profit organizations around the world.
“Princeton Day School is heartened by the generosity of Goldman Sachs,” said Head of School Paul Stellato. “At a moment when the single barrier between a gifted, curious child and a world-class education is that of tuition dollars, this remarkable gift will enable our school to shatter that wall and extend its unqualified support.”
Princeton Day School, an independent, coeducational school, enrolls 920 students in grades pre-k through 12. For the current academic year, the school awarded approximately $4.5 million in financial aid. About 35 percent of the students at the school received some form of aid. The average grant was $14,500. The grants ranged from $3,500 to nearly full tuition plus fees.
Recipients of the financial aid provided by this gift will be called Goldman Sachs Scholars.
“This gift will have a significant impact on our financial aid program,” Cole said.