News
Ben Gonin / The Dartmouth Staff
Ben Gonin / The Dartmouth Staff
Internship funding from the Rockefeller Center and the Tucker Foundation may be reduced in response to declines in available income, while the John Sloan Dickey Center for International Understanding will make cuts in other areas in order to maintain internship funding levels at the Center, according to each organization's respective director.
While the Rockefeller Center and Dickey Center both receive the majority of their funding from dedicated endowments, the Tucker Foundation is reliant primarily on donations to fund its operations, only receiving part of its funding from a dedicated endowment, according to the directors.
The Rockefeller Center will likely scale back its internship funding due to observed and expected endowment declines, resulting in either a smaller number of funded internships offered or a decrease in funding for students who receive them, according to Rockefeller Center Director Andrew Samwick.
Although the exact magnitude of the endowment's decline will remain unclear for several months, it will be "fairly significant," Samwick said.
The decline in endowment funds will make Rockefeller Center funding more competitive, Samwick said.