Dartmouth’s endowment generated a return of 7.5% for the fiscal year ending June 30, 2019, bringing its total value to $5.7 billion.
In fiscal year 2019, Dartmouth’s endowment contributed over $250 million to the annual operating budget in support of priorities such as robust financial aid packages and faculty compensation, both of which assure Dartmouth’s competitive edge in providing a world class liberal arts education and research environment for all of its students and faculty.
Dartmouth is committed to admitting students based on their abilities regardless of their ability to pay, meeting 100% of undergraduate students’ demonstrated financial need—a commitment that is among the most generous in the country. In fiscal year 2020, the budget for undergraduate financial aid is $111.3 million. As part of the financial aid program, students from families earning $100,000 a year or less receive free tuition, including 245 students, about 20%, of the incoming Class of 2023.
“Access to a Dartmouth education is a potentially transformative experience for each student who attends,” says President Philip J. Hanlon ’77. “The impressive long-term performance of the endowment allows Dartmouth to support current and future generations of students, through direct aid, loan relief, and tuition levels that are less than the true cost of a Dartmouth education, while also contributing to significant strategic priorities.
”In our 250th year, I could not be more pleased to see our community rally around a goal of raising 250 new scholarship endowments through The Call to Lead campaign, making Dartmouth more accessible for middle- and low-income families, international and first-generation students.“
In addition to financial aid, the endowment supports current and future students and faculty in the core work of the liberal arts college and the graduate and professional schools—the Geisel School of Medicine, the Guarini School of Graduate and Advanced Studies, Thayer School of Engineering, and the Tuck School of Business.
”With annualized returns of 7.5%, and 10.7%, over the past one and 10 years, respectively, the endowment is well positioned to help Dartmouth achieve its long-term educational and scholarly goal of enduring academic excellence,“ says Trustee Rick Kimball ’78, chair of the board’s investment committee. ”This strong performance will help keep Dartmouth on a solid footing for future generations."