The College’s “The Call to Lead: A Campaign for Dartmouth” capital campaign, announced to campus through email Friday night, seeks to raise $3 billion in donations by the end of 2022 to fund a series of projects. So far, the campaign has raised $1.5 billion from over 78,000 donors over the past four years.
The money will fund initiatives including restoring need-blind admissions for all applicants, including international ones; eliminating loans from financial aid packages; building residence halls to house 350 beds; investing in research in the Arctic, energy and cancer treatments; creating a four-year leadership program for all undergraduates; expanding the western part of campus to focus on entrepreneurship, business and design; expanding the Hood Museum of Art; and renovating the Hopkins Center for the Arts.
The goal marks an increase from its last capital campaign, which ended in 2010 and raised 1.3 billion. The announcement comes just before the College’s 250th anniversary next year.
Hanlon also announced that following a gift from Frank J. Guarini ’46, the college’s graduate school — established two years ago — will be renamed the Frank J. Guarini School of Graduate and Advanced Studies. The graduate school includes all students outside of the Tuck School of Business and the Geisel School of Medicine. As per Guarini’s preferences, the College has not disclosed the magnitude of his gift, according to College spokesperson Diana Lawrence.
Guarini’s gift will additionally be used to fund more graduate student fellowships, which a College press release notes will increase undergraduate research opportunities with graduate students “as well as Dartmouth faculty.” The press release notes that these funds will be used to “recruit and retain exceptionally qualified, diverse students and faculty.”
Included in the announcement was the goal of having 100 women each donate gifts of $1 million or more. In addition, women will raise $25 million to renovate Dartmouth Hall, which last occurred in 1935. The announcement also noted that the four-year-old Centennial Circle, a group of alumnae dedicated to increasing financial aid for female students through gifts of at least $100,000, is set to reach 250 members by 2019. The group currently has 188 members.
In the previous capital campaign, only four women made gifts of $1 million or more, though 50 alumnae or widows have already made commitments to donate at least $1 million, according to a press release.
College President Phil Hanlon emphasized in a press release the importance of using Dartmouth’s resources to expands its liberal arts mission, improve the condition of humanity and prepare students for leadership.
“With this campaign we dedicate ourselves to building on the best of Dartmouth on behalf of humankind,” he said.
Correction appended (April 27, 2018): This article has been updated to clarify the amount of money to be raised by women.