Dartmouth's Daily Blog
News, commentary, criticism and praise for the College on the Hill, enlivened with history, culture and travel when we feel so moved.
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BREAKING: College to Cut $20-$25 Million of Non-academic Costs
Well, it’s about time. At a regular Town Hall meeting for the College’s staff, Executive VP Rick Mills announced yesterday that the administration would trim $20-$25 million from the non-academic side of the budget over the next four or five years. In his usual straightforward style, Mills stated, “The three primary revenue sources for the College are under immense pressure:… increases in tuition… federal funding for research… endowment generally and philanthropy.” Given that hikes could not be expected in any of these areas in the coming years, cost savings would have to be found.
Mills said that he would look to reduce the budget in three ways:
— Not filling open positions
— Voluntary separations [i.e. early retirement or other buyouts]
— Non-voluntary separations [i.e. layoffs]
Curiously, Mills poor-mouthed the College. He justified the cuts as being due to cost pressure, even commenting disparagingly on the endowment — which is “smaller than other schools.” That’s plain wrong. As we have repeatedly pointed out, the College has a larger endowment/student than all of the other Ivies, except HYP, and by a wide margin:
If we are feeling cost pressures, they are due to flagrant overspending.
Addendum: At one point, Mills stated that part of the savings from the budget cuts would go to increased faculty salaries. Let’s see if the faculty stands with staff this time around.
Addendum: At the Town Hall meeting, special guest Senior Vice President for Advancement Bob Lasher ‘88 noted that among the financial pressures facing the College, the administration could not expect significant gains in coming years from the Dartmouth College Fund — unrestricted gifts given by alumni to support financial aid. He commented:
Over the last five years it [DCF] grew by 10% annually— that was a rate that we were able to achieve, which is extraordinary; I think that we need to find a more modest level like 3% or something.
Lasher congratulates himself in error, as a brief summary of the DCF line in the College’s annual financial statements shows:
Despite the financial crisis of 2008-9, the DCF grew strongly between 2004 and 2013 (note that the 2013 fiscal year ended on June 30, 2013). Phil Hanlon’s presidency began on June 8, 2013, at the end of a period of particularly strong increases in DCF donations. In the three fiscal years in which Hanlon has led the College, there has been no growth in the DCF at all — especially not 10%/year. Where did that figure come from? Overall giving has not even returned to 2013 levels. Are alumni pausing to evaluate the Hanlon Presidency? Whatever is happening, Lasher should get his facts and figures straight.
August 14, 2013
Breaking: Of Crips and Bloods and Memories of Ghetto Parties
History repeats itself, first as tragedy and then as farce, or sometimes it just repeats itself. From the New York Times on November 30, 1998: At Dartmouth College, white students at a ”ghetto party” dressed…
June 25, 2013
Dean of the College Charlotte Johnson’s War on Students Part (2/2)
Part 1, Part 2 Today’s post again recounts the events that befell the Freshman. However, the content of the Hanover Police department report reproduced in this space yesterday is supplemented by information from my own…
October 18, 2009
When Love Beckoned in 52nd Street
We were at San Francisco’s BIX last evening, enjoying prosecco, cheese, and a bit of music. A full year of inhabitation in Northern California has unraveled to me no decent venue for proper lounging, but…
October 9, 2009
D Afraid of a Little Competish
So our colleague and Dartblog writer Joe Asch informed me that the D has rejected our cunning advertising campaign. Uh-oh. The Dartmouth is widely known as a breeding ground for instant New York Times successes,…
September 4, 2009
How Regents Should Reign
As Dartmouth alumni proceed through the legal hoops necessary to defuse a Board-packing plan—which put in unhappy desuetude an historic 1891 Agreement between alumni and the College guaranteeing a half-democratically-elected Board of Trustees—it strikes one…
August 29, 2009
Election Reform Study Committee
If you are an alum of the College on the Hill, you may have received a number of e-mails of late beseeching your input for a new arm of the College’s Alumni Control Apparatus called…
- The Dartmouth College Case
- 2007 Trustee Election
- Dartmouth Constitution
- Sunday Morning Sinatra
- The Indian Wars
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