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Dartmouth Gets $100 Million Anonymous Donation

Dartmouth College
Baker Hall stands on the campus of Dartmouth College, the smallest school in the Ivy League, in Hanover, New Hampshire. Photographer: Cheryl Senter/Bloomberg

(Corrects to show additional $100 million would come from other donors in third paragraph of story than ran April 10.)

April 10 (Bloomberg) -- Dartmouth College received an anonymous gift of $100 million, the largest single outright donation in the Ivy League school’s history.

Part of the funds will be used to create 30 to 40 endowed positions over the next decade, Hanover, New Hampshire-based Dartmouth said in a statement.

The college will attempt to raise an additional $100 million by challenging other donors through the end of next year, according to Justin Anderson, a Dartmouth spokesman.

“I am deeply honored and grateful for this extraordinary act of generosity,” Dartmouth President Philip Hanlon, who was hired last year, said in a statement. “This historic gift is an exceptional vote of confidence.”

To contact the reporter on this story: Michael McDonald in Boston at mmcdonald10@bloomberg.net

To contact the editors responsible for this story: Lisa Wolfson at lwolfson@bloomberg.net Chris Staiti

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