Dartblog

A few days ago, we excerpted a slide from Andrew Lohse’s presentation to WSGT 80 that detailed a part of SAE’s finances. Lohse described SAE as having a $1.5 million endowment, and he noted that SAE spent $100,000/year on alcohol. The slide in question seemed to imply that this spending was related to the endowment.

An SAE brother writes in with a correction:

Dartmouth SAE has three endowments. One is valued at or around one million dollars; this is the Park Stickney Fund, and it is reserved exclusively for educational expenses. It is managed by the National Fraternity, and they need to approve any expenditure. (The fund was the leftover after constructing our 3d floor library.) The second is the Andy Scarlett Fund. It is reserved exclusively for funding educational speakers at the house and associated expenses — dinner and whatever else for that speaking event. It is also used for scholarship funds: rewards for highest GPA, most improved, etc. I believe this endowment is around $200k. Finally, there is the house endowment, which is reserved exclusively for the upkeep of the physical plant. It is valued at around $100k. Major repairs come out of this fund, to pay for house improvements (making the house handicap accessible, for instance).

Point is, none of these endowments play into the “power structure” at all. None of the money is used for social events and all of it is controlled by Alumni, not students.