Dartmouth was the grateful recipient of two major grants over the summer months: $300,000 from The Commonwealth Fund of New York for the establishment of a Department of Medicine at the Medical School, and $500,000 from the James Foundation of New York "to be used for general corporate purposes."
The Commonwealth Fund grant, given "in recognition of the fine progress by the Dartmouth Medical School since its refounding in 1958 and of the high standards which have been established," provides support and structure for the clinical part of the medical education program through the establishment of an academic department in that area. The new department will be responsible for clinical instruction of medical students, interns, residents, and post-doctoral fellows. The department's faculty will also be involved in their own research programs.
The Commonwealth Fund's previous gifts to the College and Medical School totaled $1,094,660.
The $500,000 grant by the James Foundation brings to $2,700,000 the amount given to Dartmouth by the foundation, ranking it among Dartmouth's greatest benefactors. Previous gifts have gone primarily to the Medical School.
The James Foundation recently made gifts totaling $4,750,000 to several charitable, religious, and educational institutions. This amount represented the remaining holdings of the foundation, established in 1941 with $26 million in assets under the terms of the will of railroad industrialist Arthur Curtiss James. The foundation was required by charter to distribute its principal by the end of this year.