Corporation Support

GIFTS to the College during the summer and early fall included receipt of the previously announced grant of $250,000 from the Ford Foundation for the Dartmouth Medical School and gifts from 35 different corporations.

The Ford Foundation's grant is part of $21,750,000 made to 44 privately supported medical schools in the United States. The grant was made by the Foundation for instructional purposes, the principal to be held as invested endowment for ten years. At the end of this period both principal and income may be expended for medical education without restriction.

The Medical School benefits also from two of the corporation gifts received: $500 from the American Hospital Supply Corporation, and $600 for a medical student fellowship from the Lederle Laboratories Division. The Gulf Oil Corporation has given $3505 for a Tuck School fellowship, and $2500 from the Westinghouse Educational Foundation is financing the work of a Tuck-Thayer graduate student. A Thayer School engineering scholarship has been provided through a $1000 gift from the Joy Manufacturing Company.

From the Procter and Gamble Fund the College has received $3310 for two scholarships this year. Six other corporation gifts aiding Dartmouth's scholarship program are $4000 from the McCarthy-Hicks Foundation, $2500 from the Inland Steel Company, $500 from the Beacon Plastics Corporation of Boston, $2000 from James M. Mathes, Inc., $1400 from Western Electric Company, and $1200 from Lehigh Warehouse and Affiliated Companies Foundation.

Unrestricted grants to the College to supplement scholarship grants made directly to Dartmouth undergraduates include $1000 from the Weyerhaeuser Timber Foundation, $900 from Young and Rubicam, $600 from Sears, Roebuck and $500 from Pratt and Whitney.

Other unrestricted gifts include $4000 from the CBS Foundation on behalf of two of their executives, Raymond D. Builter '36 and Dudley W. Faust '30; $1500 from the Lockheed Leadership Fund; $1500 from the Texas Company; $1000 from Rittenhouse and Embree Company; $700 from the Wisconsin Farmer Company; $200 from Tomlinson and Hawley, Inc.; and $1000 to be added to the endowment fund established by Hubbard, Westervelt and Mottelay, Inc., the income of which is unrestricted.

A number of gifts were made under the increasingly popular plan whereby companies match employee gifts made to their colleges by alumni. On this basis, Dartmouth received $2550 from the General Electric Company, $1300 from the Campbell Soup Company, $550 from the Draper Corporation, $500 from B. F. Goodrich, Inc., and varying amounts from Jones and Laughlin Steel Corporation, Whitney Blake Company, Scott Paper Company, Manufacturers Trust Company, Warner Brothers, and Burlington Industries.

To support faculty salaries Dartmouth has received $1500 from the American Can Company and $1000 from the Equitable Life Insurance Society.