Article

Corporation Support

November 1957
Article
Corporation Support
November 1957

CORPORATE gifts to Dartmouth College for all purposes during the 1956-57 fiscal year totaled $210,103, it was disclosed last month by Gilbert R. Tanis 38, Development Office associate in charge of the corporate gifts program. This total is exclusive of $10,620 given to the Medical School by the National Fund for Medical Education, an organization wholly supported by corporate gifts. The 1956-57 total of $210,103 compares with $150,281 the year before and with $87,850 received in 1954-55.

Last month's report broke the grand total down into four categories: (1) $86,-665 or 41% for unrestricted uses; (2) $52,-095 or 25% for endowment, including scholarship funds and class funds; (3) 133,310 or 16% for current use as student aid; and (4) $38,033 or 18% for miscellaneous purposes, including plant and the Capital Gifts Campaign.

The total contributions to The New England Colleges Fund in 1956-57 amounted to $267,397 and Dartmouth's share was $18,601. These figures compared with $169,138 the year before, when Dartmouth's share was $12,994. Other factors in the year's favorable showing were the increase from $37,622 to $64,085 in gifts received through Matching Gifts Programs, the growing number of corporate gifts to the Alumni Fund, the adoption of scholarship programs by more companies, and the addition of Capital Campaign gifts to the 1956-57 total.

The Procter and Gamble Fund, which last year contributed $3,750 for scholarships and $1,800 as accompanying unrestricted grants to the College, last month notified Dartmouth that it will establish a fourth Procter and Gamble Scholarship covering full tuition plus an allowance for books and supplies, with a $600 grant-inaid to the College.

Two new corporation scholarship awards were made possible at Dartmouth this fall by a grant from the United States Rubber Company Foundation, which also provided the College with $750 in unrestricted funds in recognition of educational costs which student tuition does not cover. The first awards have been made to two seniors: Philip B. Bell '58 of Cedar Rapids, lowa, an honors student in economics now enrolled at Tuck School, and David C. Chapin '58 of Wellesley Hills, Mass., also an economics major and captain of the hockey team.