Corporate Gifts to the College Totaled $111,200 During 1955

DURING the year 1955, corporate gifts received by Dartmouth totaled $111, 200. This total compares with the sum of $49,000 plus equipment valued at $29,000 received during the year 1954.

Gilbert R. Tanis '38, who as a member of the staff of the Office of Development heads Dartmouth's corporate program, reports that of the 1955 total $8,500 was received as Dartmouth's share of the 1954 receipts of the New England Colleges Fund, and the balance was given directly to the College. Of the $111,200 received, $46,500 was unrestricted, $11,200 repre- sented corporate gifts to the Alumni Fund, $26,600 was earmarked for scholarships or fellowships, and $12,200 was contributed to the College's endowment through such projects as the Class Memorial Funds, Class of 1923 Daniel Webster National Scholarship Fund, and individual endowment funds. The balance of $14,700 was for miscellaneous projects.

In keeping with industry's concern for higher education as expressed by these contributions, Dartmouth is endeavoring to be of greater service to industry. The College's basic contribution is its annual crop of graduates, some two-thirds of whom enter business. Supplementing this are the services rendered by members of the faculty to a growing number of business concerns either through work done specifically for them or through the publication of reports such as those prepared by the Tuck School under a grant from the Alfred P. Sloan Foundation.

In addition to these contributions, the College initiated last year a business letter on the economic outlook. This quarterly report is being prepared by Prof. Theodore A. Andersen, Assistant Professor of Research at the Tuck School, and is being sent to many alumni and others in the business world.

Last year the College also organized the first Dartmouth-Tuck Business Conference. The subject of this Conference was "Broadening the Base of Common Stock Ownership" and among those participating in the program were Keith Funston, president of the New York Stock Exchange; Charles F. McGoughran '20, secretary of the Sinclair Oil Company;: Thomas C. Davis, vice president of E. zI. duPont de Nemours & Company; John J. Scanlon, treasurer of American Telephone & Telegraph Company; and Carroll L. Wilson, director of finance, Champion Paper and Fibre Company. A second conference of similar nature is planned for next October. The topic then will be "Investing Institutional Funds - Channeling People's Savings into Corporate Ownership."

During the current year, Mr. Tanis reports, it is hoped that the number of corporate contributors to Dartmouth will grow from 73 to perhaps 125 and that the total receipts will increase from $111,200 to $150,000. The College hopes also to find additional ways to be of service to the business community.

Alumni currently assisting in the development and promotion of Dartmouth's corporate program are: Wade P.. Abbott '50, Hartford, Conn.; Charles J. Zimmerman '23, Hartford, Conn.; John B. Cook '29, New Haven,. Conn.; H. Burling Nara-more '33, Bridgeport, Conn.; Lee A. Chilcote '30, Cleveland, Ohio; Charles French '24,. Cleveland, Ohio; J. William Embree. Jr. '21, Chicago;. Edwin R. Reefer '11, Rockford Ill.; and John C. Hubbard '29, New York City.

Gilbert R. Tanis '38, who heads Dartmouth's corporate gifts program for the Office of Development. A graduate of Harvard Business School, he spent six years with the Curtiss-Wright Corporation in Caldwell, N.J., two years with the U.S. Navy, and three years with the international Paper Company in Whippany, N.J., before joining the Dartmouth staff in 1951.