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Paxson vs. Hanlon; Brown in a Knockout

Christina Paxson.jpgBrown President Christina Paxson took office on July 1, 2012, and three years and three months later, on October 23, 2015, following a two-year “quiet phase,” she launched the $3.0 billion BrownTogether capital campaign. Last week, with $1.64 billion raised in a little more than a total of four years, the campaign passed its halfway mark. Brava, Christina.

Meanwhile in Hanover, over four and a half years into Phil Hanlon’s Presidency, we are still in the very quiet phase of our own sputtering capital campaign. And though the College’s Occom Chronicle of Philanthropy touts the “enormous vote of confidence” in Phil that his fundraising results supposedly represent (as opposed to a vote of no confidence), the numbers, which declined in 2017 despite a soaring stock market, are hardly enchanting. In Phil’s four years, he has raised $1.2 billion, part of a one-day-to-be-announced campaign that will only be in the area of $2.5-$3.0 billion:

Occom Fundraising Table1.jpg

The increase over the preceding period is solid, but then the soaring market and the surging staffing in Advancement for the new campaign helped. But how is it that a fundraising powerhouse like the College — our endowment today is 41.7% bigger than Brown’s — hasn’t been able to raise as much money as Brown over the same time period, and doesn’t even have the ambition to have a larger campaign than our sister school in Providence.

Dartmouth decelerando anyone?

Addendum: When Paxson arrived at Brown, the school’s endowment was $2.46 billion. As of July 1, 2017, the endowment had grown to $3.5 billion — a 42.28% increase over five years. Over the same time period, the College’s endowment grew from $3.5 billion to $4.96 billion — a 41.7% increase.

Brown Engineering Research Center.jpgRecall, as I always want you to do, that Brown has 46.3% more students than we do — 9,380 vs. 6,409. Yet we are much richer than the Bruins: we have both an absolutely bigger endowment and fewer students. And though Brown can point to a “a gleaming state-of-the-art Engineering Research Center” that it has built in the last three years, the College can be proud of, um, well, The D’s story about this event: “The Dartmouth Center for Service changed its name this month to the Dartmouth Center for Social Impact.”

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