Record Aid
Scholarship aid continues to bulk large in the news and in the planning and fund-raising efforts of the College. Shortly after the opening of the new college year, it was announced that financial aid to students, in all its forms, will total a record $386,000 this year, an announcement qualified by the added statement that more scholarship funds are the College's most urgent need and that better than half of the aid now provided must come from general funds rather than from special scholarship endowment.
Then came the good news that one of the first major additions to such endowment since the Development Council opened its campaign has been made by Enders M. Voorhees '14, who contributed securities and cash totaling §26,254 to estab lish a scholarship fund in memory of his mother.
Most recently, at the annual fall meeting of the Board of Trustees on October 21, announcement was made of the very generous gift of $250,000 from John D. Rockefeller Jr., for the purpose of endowing scholarships honoring and bearing the name of President Emeritus Hopkins. Mr. Rockefeller's letter, expressing his high esteem for Dr. Hopkins and his desire to pay tribute to him in this way, is printed in full elsewhere in this issue and will be of great interest to Dartmouth men. Mr. Rockefeller's gift to Dartmouth is one of the rare instances in which he has contributed funds to an educational institution on a personal basis. Most financial support of education by the Rockefeller family has been made through the General Education Board and the Rockefeller Foundation. The Dartmouth Trustees have announced that the gift of $250,000 will be used to endow the Ernest Martin Hopkins Scholarships for sons of Dartmouth men killed in World War II, and that after this purpose has been fulfilled the income from the endowment will provide general scholarships bearing Dr. Hopkins' name.
Meanwhile, for the current academic year, the College is utilizing general funds and its limited endowment income to give scholarship aid amounting to §125,000 to 147 men in the freshmen class. This is an average of $850 per freshman, the largest amount of aid ever provided by the College. Exclusive of work with the Dartmouth Dining Association, freshman scholarships range from $ 175 to $ 1,075, while the upperclass top is $1,275.
The financial aid total of $386,000 for the entire college consists of approximately $346,000 in cash grants, both scholarships and loans, and $40,000 earned by students in the DDA dining halls, according to Prof. Francis J. Neef, chairman of the committee on scholarships and loans. Not included in this overall figure is the amount earned by students in other employment secured through the Dartmouth Personnel Bureau.
Large as these totals are in comparison with aid provided in earlier years (the freshman average is more than double that of 1941-42), President Dickey and the Trustees have recognized the urgent need of providing increased aid if Dartmouth is to maintain the traditional character and quality of its undergraduate body. Equally urgent is the need to take the burden off the College's general funds, required for faculty salaries and other educational purposes. For both reasons, the generosity of Mr. Voorhees and Mr. Rockefeller gives great encouragement to the Dartmouth Development Council at this time.
