EBay’s Chief Gives Princeton $30 Million

Princeton University has received a $30-million gift from the head of online auction house EBay and will use it to expand undergraduate enrollment for the first time since the Ivy League school began admitting women in 1969.

The donation from 1977 graduate Meg Whitman will go toward the construction of another undergraduate residential college and the expansion of the student body by 10%, President Shirley M. Tilghman said.

All freshmen and sophomores live in one of Princeton’s five residential colleges. The gift will go toward a new residential college with space for about 500. Princeton now has about 4,600 undergraduates.