Chartered in 1746 as the College of New Jersey—the name by which it was known for 150 years—Princeton University was British North America's fourth college. Located in Elizabeth for one year and then in Newark for nine, the College of New Jersey moved to Princeton in 1756. It was housed in Nassau Hall, which was newly built on land donated by Nathaniel FitzRandolph. Nassau Hall contained the entire College for nearly half a century.
In 1896, when expanded program offerings brought the College university status, the College of New Jersey was officially renamed Princeton University in honor of its host community of Princeton. Four years later, in 1900, the Graduate School was established.
The University provides its students with academic, extracurricular and other resources—in a residential community committed to diversity in its student body, faculty and staff—that help them achieve at the highest scholarly levels and prepare them for positions of leadership and lives of service in many fields of human endeavor.
Through the scholarship and teaching of its faculty, and the many contributions to society of its alumni, Princeton seeks to fulfill its informal motto: “Princeton in the Nation’s Service and in the Service of All Nations."
Source: www.princeton.edu