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Dartmouth College Office of Public Affairs • Press Release
Board acts to authorize the sale of tax-exempt bonds for facilities, and votes on the re-election of members whose terms are expiring
The Trustees of Dartmouth College met in Hanover April 4-5, following a very active start to 2009. In March, the Board announced the appointment of Dartmouth’s 17th President, who succeeds President James Wright on July 1. In February, the Board endorsed the Administration’s Budget Reconciliation Plan to decrease the institution-wide operating budget of $700 million by $72 million between now and fiscal year 2011, and voted to increase undergraduate tuition, room and board by 4.8 percent (to $49,974) and financial aid by 13 percent (to nearly $72 million).
At the April meeting, the Board continued to consider Dartmouth’s budget, with a focus on the Dartmouth Medical School, which is developing its own strategic plan. The Board endorsed a preliminary financial plan for DMS, which calls for an 11 percent decrease in the medical school’s $230 million budget by $25 million between now and 2011 (as part of the institution-wide target).
The Board acted to authorize the sale of tax-exempt bonds for facilities, to vote on re-election of members whose terms were expiring, to authorize construction of a new loading dock for Spaulding Auditorium, and to approve the College’s Affirmative Action Plan.
The Board also received presentations on the status of the $1.3 billion Campaign for the Dartmouth Experience and on the arts at Dartmouth and how the proposed Visual Arts Center (VAC) would enhance academic and student life.
Vice President for Development Carolyn Pelzel reported that the Campaign has achieved $1.17 billion or 90 percent of its $1.3 billion goal to date. Giving to the Dartmouth College Fund totaled $24.5 million as of March 30, which is $3.6 million behind the amount raised at this time last year. “Participation is remaining fairly steady, but some donors are giving at lower levels,” Pelzel said. She also reported that a number of alumni and parents are stepping forward with exceptional gifts in recognition of the College's dependence on the Fund, which has a $40 million goal for this fiscal year.
Dean of Faculty Carol Folt, Associate Dean for the Arts and Humanities Kate Conley and Associate Provost Mary Gorman gave the Visual Arts Center presentation. The VAC represents one of the major goals of the Campaign for the Dartmouth Experience. The 99,000-square-foot building remains under review to determine its financial feasibility. Designed by architects Machado and Silvetti Associates, the Center would be the new home of the academic departments of Studio Art and Film & Media Studies and would contain teaching and production studios, a digital laboratory, classrooms, exhibition space, a screening room, an auditorium for film projection and faculty and administrative offices. The Board has requested a detailed financial plan.
The Board met informally on Saturday over lunch with student members of Palaeopitus, a senior honorary and leadership society, and later with a number of faculty members over dinner at the home of President Wright and Susan DeBevoise Wright.
The Board also took action to:
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