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.
This is an archived post. Please click here to see the latest entries.
Smart Communications for a Change
The College leapt out front last week in announcing a 14.6% investment return on the endowment for fiscal 2017. We were the first Ivy to break the news, as Bloomberg notes:
Had we announced the stellar gain (not as good as the stock market, but a fine return overall) after three or four other Ivies, we don’t get the big headline. And had our return been below that of other schools, we’d have been depicted negatively. That may still happen, but at least until yesterday we enjoyed the limelight alone.
We really should see forward-thinking communications like this more often. In contrast to the past. During the failed appointment this spring of Bruce Duthu as Dean of the Faculty, senior members of the administration had not a word to say upfront about Duthu’s BDS petitioning. Were they so clueless as to think that Duthu’s stance would not be an issue?
I expect that if the administration and Duthu had jointly said at the time of his appointment that he had long since revised his view on the merits of boycotting all Israeli universities, he would be our Dean today. Instead, the Office of Communications and the Parkhurst, uh, braintrust, let the pot boil until the controversy was about the go national. Wrong. You have to get out ahead of a story.
In any event, let’s celebrate something well done by the administration. I wish that we could do so more often.
Addendum: Harvard announced its weak endowment return yesterday. Only 8.1%. Ouch. And because the school came out almost a week after the College with its press release, the Wall Street Journal story about Harvard’s results contained this pithy comparison:
Dartmouth College, the first Ivy League school to announce its results earlier this month, delivered a 14.6% gain for its endowment.
In tiny increments is a reputation made and protected.
Addendum: In 2013 the administration made the same communications mistakes as with Duthu when endeavoring to appoint Anglican Bishop James Tengatenga as head of the Tucker Foundation. No plan was in place when the good Bishop’s ambiguous position on gay rights was first reported. Let’s hope that Phil & Co. learn from their mistakes.
Addendum: A reader writes in:
Your characterization of Dartmouth’s 14.6% endowment return as “stellar” and “not as good as the stock market, but a fine return overall” is likely framed relative to the S&P 500 index (15.5%). The S&P is a useful benchmark, so OK. But an S&P investment would also include dividend return of about 2%. Moreover, other widely-tracked indexes outran the S&P by a good bit over the same 12 months: Dow Jones Industrials 19.1%, Nasdaq Composite (tech-heavy) 26.8%, Russell 2000 (small caps) 22.9%. All plus dividends (which the endowment return surely includes).
All such simple index comparisons are, well, simplistic. Consultants spend considerable time (and money) devising truer comparables. There are lots of factors that may legitimize even a way-below-index return, for instance bonds or other non-equity holdings. But just on a quick-take basis, 14.6% for the year ended June 30 shouldn’t really qualify as “stellar.”
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
Subscribe by Email
This website reflects the personal opinions of its authors. Any e-mails received may be published along with the full name of the sender. If you wish otherwise, please say so.
All content appearing at Dartblog.com should be presumed copyright 2004-2018 its respective bylined author unless otherwise noted or unless linked to original source.