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>  News Releases >   2008 >   July

Dartmouth College campaign reaches $1.1 billion after record-breaking fund-raising year

Dartmouth College Office of Public Affairs • Press Release
Posted 07/22/08 • Media Contact: Genevieve Haas • (603) 646-3661
 

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The most ambitious fund-raising initiative in Dartmouth history, the Campaign for the Dartmouth Experience, reached a milestone in June as it surpassed the $1.1 billion mark. The campaign, which began in 2002, is on track to raise the remaining $200 million of the $1.3 billion goal by its scheduled end-date in December 2009.

Gifts from alumni, parents, and friends are enabling the College to make important advances in its priorities: leading-edge teaching and scholarship, residential and campus life, and financial aid. The campaign is institution-wide, embracing its undergraduate and graduate programs in the arts and sciences and three professional schools: Tuck School of Business, Thayer School of Engineering, and Dartmouth Medical School.

Within the last year, two Dartmouth alumni classes made significant commitments to new facilities, key priorities in the campaign that will have a major impact on the quality of both academic and out-of-classroom experiences. The Class of 1953 has made the lead gift to name the Class of 1953 Commons on Maynard Street, which will provide student dining and social space. The Class of 1978 made the lead gift to name the Class of 1978 Life Sciences Center, to be built at the north edge of campus off College Street. The Center will house the department of biological sciences and includes classrooms, teaching laboratories, and meeting spaces for faculty and students. The combined gifts exceed $52 million.

Total giving for fiscal year 2008, which closed June 30, was $168 million, an increase over the $159 million raised last year. $152 million was contributed by individuals and $16 million by foundations and corporations. Dartmouth's 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 that enable the College to respond quickly to new initiatives and enhance student services throughout the year, raised $42.2 million, an eight percent increase over last year's $39.2 million. 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. Forty-seven percent of alumni made a gift to Dartmouth through the Dartmouth College Fund in 2008, a decrease from 51 percent last year.

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 fifteen 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 participating. In addition, classes holding their 30th, 35th, 45th, and 55th reunions set new giving records for total contributions to the Dartmouth College Fund: Class of 1978, $4 million with 56 percent participation; Class of 1973, $1.4 million with 51 percent participation; Class of 1963, $1.7 million with 58 percent participation; and Class of 1953, $1 million with 67 percent participation.

In 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 his grown consistently over the last three years. The number of donors increased to 1,912 from 1,830.
  • Giving to Dartmouth's schools of business, medicine, and engineering remained strong with total support of $41 million. In particular, Tuck School of Business 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.

"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, Dartmouth's 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."

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 fosters close student-faculty interaction, and its year-round schedule allows the majority of its 4,300 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.

Dartmouth has television (satellite uplink) and radio (ISDN) studios available for domestic and international live and taped interviews. For more information, call 603-646-3661 or see our Radio, Television capability webpage.

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