Support from all quarters pushes Campaign past the $1.1 billion mark
The largest fund-raising effort in Dartmouth's history, The Campaign for the Dartmouth Experience, is moving steadily towards its goal of $1.3 billion, spurred by another record-setting year in gifts from alumni, parents, and friends of the College. In June, the Campaign surpassed the $1.1 billion mark, and is on track to raise the remaining $200 million by its scheduled close in December 2009.
Members of the 2008 Senior Class Gift Committee with Susan DeBevoise Wright and President James Wright. The Class of 2008 broke a record with 92.5 percent participation in its class gift. First row, l-r: Michelanne Shields, Katherine Ann Mann, Jacqueline Benay Loeb, Jaime Cara LaFauci, Jennifer Ruth Post, Lydia deFontaine Islan, Lauren Marie Bennett, Yasmin Zhir Mandviwala, Leslie Elise Shribman, Susan DeBevoise Wright, President James Wright. Second row, l-r: Thomas Patrick Healy, Nova Emily Robinson, Michael Thomas Heslin, Benjamin Hanson Davis, James Watson Sallay, Eric Nieman Winer, Brian Douglas McMillan, Gemma Kerewin Ross, Michael William Trapp, Elise Fee Krieger, Sean Erik Treisman Macrae. (Photo by Katie Kobylenski ’07)
Within the last year, two classes, the '53s and the '78s, made lead gifts to name important new facilities on campus: The Class of 1953 Commons on Maynard Street will provide student dining and social space, and The Class of 1978 Life Sciences Center, to be built at the north edge of campus off College Street, will house the Department of Biological Sciences and include classrooms, teaching laboratories, and meeting spaces. The combined gifts exceed $52 million.
Total giving for fiscal year 2008 was $168 million, an increase over the $159 million raised last year. Individuals contributed $152 million and Dartmouth received $16 million from foundations and corporations. The previous high was $160 million, in 2006. A decade ago, in fiscal year 1998, donations from individuals and organizations totaled $90 million.
"Once again we find ourselves inspired by the generosity of Dartmouth's alumni, parents, and friends and the commitment they make year after year to the next generation of students and faculty," said President James Wright. "Their philanthropy ensures that we can fulfill our historic mission: to provide a transformative learning environment fostered by close student-faculty interactions and shared out-of-classroom experiences, with the aim of preparing men and women to contribute to their professions, their communities, and the world."
The Dartmouth College Fund, a central component of the campaign because it raises unrestricted dollars enabling the College to respond quickly to new initiatives and enhance student services throughout the year, raised $42.2 million. This is an eight percent increase over last year's $39.2 million. Forty-seven percent of alumni made a gift to Dartmouth through the Dartmouth College Fund in 2008, a decrease from 51 percent last year.
Gifts through the fund generally account for one out of every ten dollars in the College's annual budget and directly support financial aid, faculty and academic programs, athletics, the arts, and service opportunities for students around the world.
This was the third consecutive year that the senior class broke a record for participation in their Dartmouth College Fund drive, at 92.5 percent. Fifteen coed, fraternity, and sorority organizations reached 100 percent participation in the effort, which was encouraged by a challenge from a group of alumni who are members of Dartmouth's Wall Street Forum in New York. The seniors raised a total of $15,978, which will fund 15 scholarships to be awarded to students in the incoming Class of 2012.
In reunion-year class giving, the Class of 1958, celebrating its 50th reunion, raised the bar dramatically and set new records for a 50th reunion class with a gift of $3.6 million and 97.5 percent participation. The Class of 1983, celebrating its 25th reunion, raised $4.8 million with 51 percent participation. In addition, classes holding their 30th, 35th, 45th, and 55th reunions set new giving records for total contributions to the Dartmouth College Fund: The Class of 1978 raised $4 million with 56 percent participation, the Class of 1973 raised $1.4 million with 51 percent participation, the Class of 1963 raised $1.7 million with 58 percent participation, and the Class of 1953 raised $1 million with 67 percent participation.
"Given the economy and debate within the Dartmouth community over governance, we were heartened by these results and not surprised that participation was down," said Carrie Pelzel, vice president for development. "Behind the accomplishment of each fund-raising target is a common driver: exceptional volunteer leadership. We are indebted to the thousands of Dartmouth alumni and parents who lead by example and articulate for others the impact that their charitable gifts have on the College, her students, and the broader society."
Other notable achievements:
• Parents and grandparents gave $2.3 million, a decrease from last year's $2.5 million but sustaining a level of giving that has grown consistently over the last three years. The number of donors increased to 1,912 from 1,830.
• Giving to the Dartmouth Medical School, Tuck, and Thayer remained strong with total support of $41 million. Tuck set a new record in total giving of $19.1 million, up from $16.5 in 2007. Participation rose to 67.5 percent from 66.2 percent last year, the highest for any business school in the country.
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Last Updated: 8/20/08