Endowment Growth Supports the Dartmouth Community

News subtitle

The funds support investments in employees, student workers, and graduate students.

Students studying in the library
(Photo by Robert Gill)

Dartmouth’s endowment generated a return of 46.5% for fiscal year 2021, which ended on June 30, 2021. The endowment has produced annual returns of 12.8% over the past 10 years. Its total value is now $8.5 billion.

“It has been inspiring to see the Dartmouth community rise to the challenges of the last 18 months,” says President Philip J. Hanlon ’77. “This is a moment to recognize the contributions of the community by investing in Dartmouth’s strategic priorities and its people.”

Through the endowment, Dartmouth will continue to invest in key long-term initiatives, such as creating a more welcoming and inclusive community; ensuring the mental and physical health of students, faculty, and staff; and positioning the institution for continued success in a rapidly changing higher-education landscape. These initiatives, as well as Dartmouth’s unwavering commitment to undergraduate financial aid, are supported by the current fiscal year’s approved endowment distribution of $335 million—almost one-third of the annual operating budget.

“The growth of the endowment is fueled by the generosity of our donors, a strong market performance, and a talented investment office,” says Hanlon. “As a result, we have the financial flexibility to not only safeguard the future but address current pressing needs.”

In addition to investments with a longer time horizon, Dartmouth is announcing the following:

  • Effective immediately, as part of the undergraduate financial aid calculation, the expected parent contribution for families making up to $65,000 with typical assets will be eliminated. All undergraduates covered by the new policy will receive updated aid awards Monday, Oct. 11.
  • By the end of the calendar year, all eligible employees will receive a bonus equal to 3% of their FY 21 base earnings.
  • The hourly minimum wage for student workers will rise from $7.75 to $11.50.
  • Graduate students who receive stipends will be awarded a $1,000 bonus.

These expenditures come in addition to the previously announced Infrastructure Renewal Fund (IRF) approved by the board of trustees in March. The new fund, from which $31 million is allocated for this year, increases annual financing from the endowment for investment in areas such as housing and a green energy system. Over the coming decade, the IRF will allow for more than $500 million of additional renewal projects.

“Dartmouth is an extraordinary place and as president I could not be more impressed or prouder of the resiliency exhibited by the community during these historic times,” says President Hanlon. 

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