Dartmouth College Fundraising Rises 16% to Record $172 Million

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.

To contact the reporter on this story: Janet Lorin in New York jlorin@bloomberg.net.

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