Ivy League schools these days are billion-dollar enterprises.
The College reported over $1.435 billion in total revenue, including $404 million in contributions and grants, $519 million in program service revenue — meaning tuition, fees, housing, dining, ticket revenues and other education-related transactions — and $475 million in investment income. The College’s total assets grew by nearly $393 million to total $8.275 billion including $351 million in contributions and grants, $504 million in program service revenue and $377 million in investment income.
On the expense side of the ledger, the College reported $1.091 billion in costs, including $175 million in grants paid out — including financial aid — and $506 million in salaries and benefits.
The school’s fundraising arm is ahead of schedule.
When the campaign, titled “The Call to Lead,” was publicly launched 11 months ago, the College had already raised approximately $1.5 billion over the course of four years during the campaign’s quiet phase. The campaign — scheduled to end in 2022 — has raised at least $220 million since September, when The Dartmouth reported that the campaign had raised $1.78 billion so far.
According to a College press release, more than 83,000 individuals have contributed to the campaign so far, up from approximately 78,000 donors at the time of the campaign’s public launch. And, just over half of all gifts have been for $1,000 or less. Further, nearly 2,000 individuals have committed to $261 million in bequest intentions.
Next time you are on campus, saunter through College Park.
There, on a rock, sits the poet, immortalized in bronze. Using a makeshift desk—a board on a stick—he’s writing, “Something there is that doesn’t love a wall,” the first line of the famous poem “Mending Wall.” Seen from a distance, the sculpture seems uncannily lifelike.
[Robert] Frost himself might actually have lingered on this knoll. He entered Dartmouth in 1892, but left after only a few months. As an accomplished poet, he returned to campus several times over the years, giving readings and lectures.
Post by Marcelino Pantoja