Princeton will drop President Woodrow Wilson and rename school after influential Black finance expert

History is not only taught, but made at Princeton University.
Ivy League College names a residential college after Mellody Hobson, an influential financial expert who is an alumna and the school's main donor.
She will be the first black woman to have this honor in the 274-year history of the Elizabeth, New Jersey school.
Hobson College will be built on what was once named after former President Woodrow Wilson, who served as Commander in Chief from 1913 to 1921.
Amid America's racist reawakening following the death of George Floyd in police custody in Minneapolis, Princeton announced that it would remove the late Democratic politician's name from its public and international affairs school and one of its residential colleges, citing his "racist and racist thinking." Politics". ”
"When I came to Princeton from Chicago, my family hadn't graduated from college, and even when I looked up at buildings named after Rockefeller and Forbes, I felt at home," said Hobson, a member of the Princeton Class of 1991 said. “I hope my name will remind future generations of students - especially those black and brown and the 'first' in their families - that they too are one of them. Renaming Wilson College is my very own way of letting them know that our past doesn't have to be our future. "
On Thursday, the prestigious school announced that Hobson, Co-CEO of Ariel Investments and a former CBS News employee, had given the main gift for the establishment of a new residential university, which is scheduled to begin construction in 2023 and open in 2026.
"This extraordinary gift will change Princeton," said President Christopher L. Eisgruber. “It will allow us to enhance the student experience at Princeton and redefine a central part of our campus while also recognizing a remarkable woman who is a positive, powerful force for change in the world. Mellody Hobson is a wonderful role model for our students, and we love her name. "
The school said it began discussing the donation with Hobson, who is married to Star Wars producer George Lucas, last year.
The Chicago native, named one of the "100 Most Influential People" in the world, is vice chairman of World Business Chicago, a board member of the Chicago Economic Club, the Los Angeles County Museum of Art, and Bloomberg Philanthropies. She is also a trustee with the Rockefeller Foundation.
The 51-year-old businesswoman is an advocate for corporate diversity and has served as a contributor and analyst on CBS and ABC news shows.
The lawyer specializing in financial literacy and investor education married Lucas in 2013.
Together they run the Lucas Museum of Narrative Art. The couple was awarded the Carnegie Medal of Philanthropy in 2019.
Hobson is also a board member of the George Lucas Education Foundation.
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