Feature

$51 Million Goal of Third Century

OCTOBER 1967
Feature
$51 Million Goal of Third Century
OCTOBER 1967

To honor its Bicentennial and advance it historic role in American higher education, Dartmouth mounts a fund campaign of record size

FOR the high purpose of strengthening its teaching faculty, educational programs, and supporting physical facilities, Dartmouth College has launched a capital gifts campaign to raise $51 million over the next three years, it was announced by President Dickey early this month.

This greatest fund-raising effort in Dartmouth's long existence, designated the Third Century Fund, will reach its climax in 1969-70, the Bicentennial year of the College. Its dimensions derive from that special milestone in Dartmouth's history and from the immediately pressing capital needs of the College as it seeks to fulfill its promise and its obligations upon entering its third century of service to the nation and American higher education.

One-half of the Third Century Fund will be allocated to compensation of faculty and staff. In addition to the $25 million earmarked for this purpose, other millions are to be used for library endowment and acquisitions, scholarships and fellowships endowment, student programs, dormitory and dining facilities, and other plant expansion and renovation that will benefit all three divisions of the undergraduate college, the associated schools, and the athletic and physical education p rograms. The components of the $51-million goal are listed in more detail in the table on the opposite page.

National chairman of the Third Century Fund is Rupert C. Thompson Jr. '28 of Providence, R. 1., Life Trustee of the College, who is board chairman and chief executive officer of Textron, Inc.

John G. Kemeny '56h of Hanover, chairman of the foundations committee. Other prominent alumni heading major phases of the campaign are Harvey P. Hood '18 of Boston, chairman of the Trustees nucleus fund; Harrison F. Dunning '30 of Philadelphia, chairman of the major gifts committee; Emil Mosbacher Jr. '43 of New York, chairman of the national alumni committee; Robert S. Oelman '31 of Dayton, Ohio, chairman of the corporations committee; and Prof.

A strong and challenging start for the Third Century Fund has already been provided by present and former Trustees of the College, who have pledged a nucleus fund of $5.1 million. The pacesetting result of the work by Mr. Hood's committee was announced the weekend of September 29-30 when forty national and regional leaders of the campaign met in Hanover to review plans and procedures.

President Dickey, who will give vital leadership to Third Century Fund efforts over the next three years, was one of the main speakers at the conference. "On the threshold of her Third Century," he said, "Dartmouth today is at a juncture of strength and unprecedented opportunity. Building on her primary commitment to undergraduate liberal learning and her pioneering professional schools of medicine, engineering, and business, her new doctoral level programs in the arts and sciences will bring the total institution to a preeminence of both purpose and strength."

Mr. Thompson, chairman of the national executive committee, told the conference: "The goals of this campaign go beyond the Dartmouth campus and will set an example in their strong emphasis on teaching as well as research which will benefit all of American higher education."

The major commitment of campaign funds to compensation of faculty and staff will enable the College to remain competitive in compensation for its teacher-scholars and to add the faculty needed for new programs at the undergraduate and graduate levels. Although no sizable increase is projected for the current undergraduate enrollment of 3100, graduate enrollment by 1975 will be doubled to about 800 students, 500 in the associated schools and 300 in the college of arts and sciences.

As part of the faculty component of the goal, $3 million will be sought to establish three Third Century Professorships. These endowed chairs will have funds not only for salaries but also for developing new approaches to teaching.

Another portion of the $25 million allocated to compensation will be used for endowing ten chairs to be filled by distinguished teachers in the College and professional schools.

Baker Library, which will get additional stack space under the facilities component of the Third Century Fund, is also being allocated the second largest portion of the $51-million total, a $6-million endowment for acquisitions and an expendable sum of $1 million for more acquisitions. The steady growth in independent study and research by undergraduates, as well. as the expansion of graduate and professional work, makes library needs the most urgent on the educational front.

Scholarship and fellowship resources will be strengthened in major degree by the $5-million endowment item included in the campaign. Beneficiaries of the $2.25-million component for student programs will include the William Jewett Tucker Foundation, which sponsors programs to sharpen student concern for their fellow men; the Hopkins Center; the Dartmouth Outing Club, and intramural athletics.

The Physical Sciences Center included in campaign objectives will house the chemistry, physics, and earth sciences departments. Renovation of vacated Silsby Hall will permit the consolidation of the economics, government, and sociology departments in new quarters; and a similar grouping of the humanities - literature, religion, and philosophy - is planned for Dartmouth Row.

An undergraduate dormitory to relieve overcrowding and a 900-student dining hall are other projected plant developments.

For the associated schools the Third Century Fund seeks a new Medical School building to accommodate students and facilities for inaugurating a limited and experimental four-year program in 1971; new laboratories and equipment for Thayer School to support innovations in engineering education; and new classrooms, offices and library for the Tuck School, now planning new business administration courses.

Improved athletic facilities include a new 4500-seat ice arena on Chase Field; construction of permanent stands on the east side of the football stadium, increasing its capacity from 15,000 to 22,000; and squash, handball, and other facilities to be built beneath the football stands.

The Third Century Fund campaign will be nation-wide, with a headquarters office in New York City and field offices in Boston, Chicago, and Cleveland, plus other cities at a later date. At present the drive will focus on the work of the committees seeking major gifts and foundation and corporation support.

The campaign organization will be broadened in 1968-69 as volunteer area committees are formed to solicit gifts and pledges from all Dartmouth alumni. Parents and friends of the College will also be asked to contribute.

The Third Century Fund and the advances it will make possible are the culminating phase of a development program already well advanced under the direction of the Trustees Planning Committee, created in 1954 in anticipation of Dartmouth's Bicentennial. A campaign which raised $17 million in 1957-59 was an early part of this unique, long-range plan to give the College "a running start into its third century."

The Fund's Objectives

Faculty and Staff Compensation: Endowment (College) $15,000,000 Endowment (Professional Schools) 5,000,000 Expendable Fund 5,000,000 $25,000,000 Libraries: Endowment (Acquisitions) 6,000,000 Expendable Fund (Acquisitions) 1,000,000 7,000,000 Scholarships and Fellowships Endowment: Undergraduate Scholarships 2,000,000 Graduate Fellowships 1,500,000 Professional School Fellowships 1,500,000 5,000,000 Student Programs, Endowment and Expendable 2,250,000 Facilities: Physical Sciences Center 2,500,000 Social Sciences and Humanities: Renovation of Silsby Hall and Dartmouth Row; expansion of Baker Library 1,500,000 Medical School 4,000,000 Thayer and Tuck Schools 6,000,000 Dormitory and Dining Facilities (non-amortizing portion) 1,200,000 Athletic and Physical Education: Ice Arena, Stadium Improvement, Squash Courts 2,300,000 Total Facilities 17,500,000 Less anticipated matching funds 5,750,000 11,750,000 GRAND TOTAL OF OBJECTIVES $51,000,000