Dartmouth College Office of Public Affairs • Press Release
Posted 07/23/07 • Genevieve Haas • (603) 646-3661
Dartmouth College celebrated another successful fund-raising year with $159.1 million in charitable gifts during the fiscal year that ended June 30, 2007. Broad participation by College and graduate school alumni and friends and strong support for the goals of the Campaign for the Dartmouth Experience accounted for the results, which kept pace with last year's record $160.3 million in gifts.
"All of us at Dartmouth are awed by the ongoing commitment and generosity of our alumni, parents, and friends."
- President James Wright |
During the year, 40,906 alumni, parents, friends, foundations, and corporations made contributions to help fund programs and initiatives that support Dartmouth's most important priorities: admitting talented students regardless of their financial circumstances; providing an intimate learning environment based on close student-faculty interaction and collaboration across disciplines; and advancing facilities projects that sustain a sense of place and community that encourage the full range of talents, interests and abilities of its members.
"All of us at Dartmouth are awed by the ongoing commitment and generosity of our alumni, parents, and friends," said President James Wright. "Their investment in our strategic goals and priorities means the College will continue to provide the finest educational experience in the country. I'm particularly pleased that more and more younger alumni step up every year and continue Dartmouth's long-standing tradition of giving."
The Dartmouth College Fund (DCF) raised a record $39.1 million in unrestricted gifts, a 27 percent increase over the $30.7 million raised last year. The percentage of donors remained steady at 51 percent. Contributions to the DCF account for approximately one out of every ten dollars in the College's annual budget and give the College the resources to act on new initiatives and enhance student services throughout the year. They support academics and need-blind admissions, underwrite athletics, and sustain a variety of programs-from first-year trips to foreign study-that benefit every student.
This year's DCF total includes significant growth in the Parents and Grandparents Fund, which raised nearly $2.5 million in unrestricted gifts from 1,839 families-a 60 percent increase in the amount raised from last year and a 21 percent increase in donors.
Eighty percent of the Dartmouth Class of 2007 made donations to the College, breaking the participation record held by the Class of 2006, which stood at 73 percent. The students raised $15,145, just shy of last year's total. However, gifts from parents and friends brought the total to $23,326. An additional $80,000 from alumni challengers Barry MacLean '60 Th'61, Brad Evans '64, Peter Fahey '68 Th'70, Ed Haldeman '70, and Karen Francis '84, and $50,000 from an anonymous donor brought the total amount to $153,326. All money raised by the senior class gift goes toward student scholarships.
Bequests and trusts accounted for $24 million of the year's total, a 62 percent increase over the previous year. Investment from foundations and corporations also totaled $24 million, the second-highest total ever from these sources.
The Campaign for the Dartmouth Experience, the largest fund-raising effort in Dartmouth history, has raised $877.3 million as of June 30. This is 67.2 percent of the $1.3 billion goal, realized over 66.7 percent of the campaign timeline. Through the campaign the College is seeking investment in four initiatives: to advance leading-edge teaching and scholarship, to enhance residential and campus life, to more fully endow its financial aid program, and to raise unrestricted dollars. The campaign is institution-wide, embracing its undergraduate programs in the arts and sciences and its three professional schools, Tuck School of Business, Thayer School of Engineering, and Dartmouth Medical School.
"Several thousand alumni and parent volunteers made these results possible," said Carrie Pelzel, vice president for development. "Led by our Campaign co-chairs Brad Evans '64 and Peter Fahey '68, these men and women demonstrate the power of volunteerism and the deep commitment they have to Dartmouth."
Dartmouth, a private, coeducational college, is a member of the Ivy League. Founded in 1769, it is committed to outstanding undergraduate and graduate education while fostering leading scholarship among its faculty. Its small size encourages close student-faculty interaction, and its year-round schedule allows the majority of its 4,100 undergraduates to participate in foreign study and internships. In addition to its undergraduate and professional school programs, it offers 19 graduate programs in the Arts and Sciences. |
