Aug. 10 (Bloomberg) -- Dartmouth College received a record $172 million in philanthropic gifts for the year ended June 30, a 16 percent increase over the previous year.
This year’s total included gifts from alumni, parents and other donors and surpassed the previous record of $168 million set in 2008, the Hanover, New Hampshire-based school said today in an e-mailed statement. The Tuck School of Business received $5.7 million from 70 percent of alumni.
The cost to attend Dartmouth, one of eight Ivy League colleges in the U.S. Northeast, is more than $61,000 for the 2012-2013 school year, according to the college. Its endowment was valued at $3.4 billion as of June 2011, the most recent data available.
In March, Dartmouth said Leon Black, head of the New York-based private-equity firm Apollo Global Management LLC, and his wife, Debra, are contributing $48 million to a new visual arts center. Black graduated from Dartmouth in 1973.
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