Dartmouth's Daily Blog
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The World of Fundraising
The stock market sets new records more often than not these days, income inequality reaches unprecedented heights (and with it some people have even more guilt to expiate), and heaven knows that many wealthy alumni families have kids coming up to college age — so fundraising must be a snap now for colleges and universities, right? Well, for some schools it is:
The Chronicle of Philanthropy reports that USC was original in its campaign strategy:
When the University of Southern California announced its current capital campaign back in 2011, the fundraising world gasped. The private research institution’s goal of $6 billion was unprecedented and audacious. Furthermore, the Campaign for USC broke the rules of big drives: It went public after a short quiet phase, with less than 20 percent of its goal raised, about half as much as in most campaigns.
The risks, however, are paying off. It’s on track to raise $6 billion 18 months ahead of schedule, says Albert Checcio, USC’s senior vice president for university advancement. More than 322,000 donors have contributed, and only a third are alumni. [Emphasis added]
And how is Phil Hanlon, our fundraiser-in-chief, doing? Word around campus is that the next capital campaign (“All in for Dartmouth” — ugh) will seek to raise $2.5 billion (the last campaign netted $1.3 billion). To be fair, that’s a pretty good goal: the College has 4,310 undergraduate students (6,381 including post-grads), whereas USC has 18,740 undergrads (42,469 including post-grads): USC raised 2.4 times what we are going to try to raise, even though their undergraduate student body is 4.3 times as large as ours.
That said, Phil will have been President for four years in June, and we are still in the (very) quiet phase of the long-bruited-about capital campaign. Are we looking to have $500 million in the kitty (20% of the goal) or a round $1.0 billion (40%) before the gala announcement? Either way, the kickoff has been a long time coming. Is there something wrong? Do big donors think that Phil is an uninspired and uninspiring leader? Do you?
Addendum: Calculating total giving in a campaign is an art in itself. Some schools count only giving to the campaign; others cumulate every lil’ thing, like the annual alumni fund and grants, etc. Needless to say, our Trustees have already decided to throw everything possible into the pot. Typical.
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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