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Endowments are crucial elements in any financial plan for supporting both present and future generations of students and faculty at the College. Dartmouth, like other comparable institutions, tries to balance the need for current revenue - to cover the cost of today's program needs - with the need for appreciation in the fund's principal value - to protect and enhance the fund's future purchasing power.
Endowments support the total program costs of many Dartmouth activities. Donor intent, as documented in the Statement of Understanding signed by the donor, determines what activities an endowment fund will support; the College utilizes endowment income only for those activities conforming to Statements of Understanding (or other governing documentation in the absence of a Statement). Once intent is determined, the College expects distribution of investment earnings from endowments to defray not only expenses directly connected with - and charged to - the endowed activities, but also the necessary associated costs committed to conduct them.
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