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Record Increase for Endowment

Total return on Dartmouth's endowment was 23.7 percent for the fiscal year that ended June 30, 2007. This includes a 24.3 percent return on the investment assets portion of the endowment, which represents about 97 percent of the total.

The value of the endowment increased from $3.09 billion to $3.76 billion in the fiscal year, a change that includes increases resulting from investment activity and new gifts, less spending for College operations.

"We're very excited by this," says Dartmouth's Chief Investment Officer David Russ. "Two things drove the great investment outcomes for the past fiscal year: favorable overall asset allocation and the investment strategies of our managers." The investment office staff works closely with the Investment Committee of the Board of Trustees to establish policies, monitor performance, and select managers.

Over the past two fiscal years the value of the entire endowment has grown by $1.06 billion through a combination of solid investment performance and the generosity of alumni and friends-the largest increase over a two-year period in Dartmouth's history.

Each year a percentage of endowment earnings is used to support College operations. Dartmouth's endowment underwrites about 20 to 30 percent of its annual operational budget.

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Last Updated: 5/30/08