Dartmouth Endows Three Coach Spots With $5 Million in DonationsBy
Men's soccer, Nordic skiing, women's soccer to benefit
School has raised $16.5 million to fund coach positions
Dartmouth College received three alumni donations totaling $5 million to endow head coaching positions in men’s soccer and Nordic skiing and women’s soccer.
The Hanover, New Hampshire, school has now raised $16.5 million of its $20 million fundraising goal to endow its coaches. The process will make Dartmouth -- which had won 133 Ivy League titles across all sports heading into this year, third fewest in the conference -- more competitive with its peers, according to Athletic Director Harry Sheehy.
“My athletic budget is approximately $23 million, with more than a third of that coming from endowed funds and annual giving,” Sheehy said in a release. “From a competitive standpoint, endowed funds are critically important.”
The largest of the three gifts was a $2 million donation from Gregg Lemkau, co-head of Global Mergers & Acquisitions at Goldman Sachs, and his wife, Kate. Lemkau played soccer at Dartmouth, graduating in 1991.
The women’s tennis endowment was created with a $1.5 million donation from 1961 graduate Russell Boss and his wife, Marjorie. The $1.5 million men’s skiing donation was made anonymously.
Dartmouth is adding its 35th varsity sport next year in women’s rugby. Its fundraising campaign has already endowed 10 head coaches and a strength coach before these gifts.
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