Newman, James (James A.)

Princeton Prospect Foundation, formerly Princeton Tower Fund, is an independent planning group focusing on bringing an educational element to the Princeton University Eating Clubs. These educational adaptations include the addition of study facilities, libraries, and better relations between the Eating Clubs and University Faculty.

The idea was originated in 1958 by James Newman, then the Chairman of the Graduate Inter-Club Council, made up of members of the Graduate Boards of the Eating Clubs that function as an advisory liaison between the Eating Clubs and the University. In 1959 the foundation was incorporated as a New Jersey non-profit corporation. In 1966 the name was changed from Princeton Tower Foundation to Princeton Prospect Foundation, in an effort to attract other Eating Clubs into the organization. As a member of the Princeton Prospect Foundation, Clubs receive tax-exempt status, since they become engaged in educational activities and no longer exist solely for the purpose of social activities.

The Princeton Prospect Foundation operates through tax deductible gifts which come mainly from the alumni of the respected clubs in the organization. These funds are used exclusively for educational purposes and scholarships for those financially needy students who are members in the clubs that belong to the organization.

Current members of the Princeton Prospect Foundation include Campus Club, Cap & Gown Club, Cloister Inn, Colonial Club, DEC Club, Quadrangle Club, Terrace Club, and Tower Club.