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...
New initiative targets startup debt capital needs, connects firms with scalable technology solutions, markets and networks for growth
Dell today announced the Dell Innovators Credit Fund, a first-of-its-kind Dell financing initiative that provides entrepreneurs up to $100M in the financial and scalable technology resources they need to maximize potential for innovation, speed to market and job creation.
A new Technology CEO Council (TCC) paper reports the highest-growth startups generate an outsized share of new jobs in the United States: 40 percent of new jobs come from the top-performing 1 percent of companies in any given year. Additionally, Web-knowledgeable small- and midsize-firms in a range of industries outpace their less Internet-savvy counterparts in job creation by more than two to one, according to a McKinsey Global Institute study cited in the TCC report.
The Dell Innovators Credit Fund aims to get end-to-end, scalable technology solutions in the hands of growing businesses during that crucial early time in market. Through Dell Financial Services, qualified angel and venture-backed companies can access up to 10 percent of their funded amount, or up to $150,000, with accelerated, limited credit terms. For those in needs of higher credit, additional financing is available on a fast track basis with a few extra steps.*
The Tuck School of Business Annual Giving campaign broke a world record when it reached a 70.5 percent participation rate in its 2011 campaign, according to a Tuck press release. Participation in Tuck Annual Giving has historically been higher in comparison to other business schools in the United States and around the world...
One of the most valuable assets of a top-ranked business school is its alumni network. It’s a major consideration by applicants in choosing an MBA program, and it’s a significant sign of a school’s true brand strength in the marketplace.
But it’s also something that is hard to measure. There is no available metric that will let you know how often the alumni network at a school gets current students internships or jobs. There is no measurement to find out how often an alum returns the call of a student for advice, mentorship, or networking.
There is, however, one very telling number to judge the strength of a school’s alumni network: the percentage of alumni who give money to a school every year. As Paul Danos, dean of Dartmouth’s Tuck School of Business, puts it, a school’s annual alumni giving rate is “a long-term satisfaction index.”
Alumni wouldn’t be handing over money to a school especially if they felt no affinity toward the institution or were unsatisfied with the MBA experience they received. So high alumni giving rates might well be the single best proxy to assess both the satisfaction of MBAs with an institution as well as the ultimate value of the network a graduate inherits at commencement.
Which business schools do exceptionally well on this index? Year in and year out, the Tuck School beats every other institution in the world when it comes to annual alumni giving. Last year, for example, some 67% of Tuck’s 8,976 living MBAs wrote checks to the school. That is an extraordinary level of support at a time when the average rate of giving for a top-20 business school is roughly 20%.
“That is like the four-minute mile,” boasts Danos. “The appreciation for Tuck grows as our graduates go out and speak to others about their experiences. That long-term satisfaction has to be high given the unheard of rate of giving. I do think it’s a long-term endorsement of the general way we educate.”
This year, Tuck will reach a new milestone, eclipsing the highest participation rate in its history. With a May 31st deadline approaching for its annual giving campaign, more than 68% of its alums have already send in their checks, beating the 67.5% peak reached in 2008. Danos is hopeful that the school might very well hit 70% this year.
And after Tuck? It’s Yale University’s School of Management, which last year saw 46% of its MBA alums reach into their pockets to donate money to the school; the University of Virginia’s Darden School, the beneficiary of a 43% alumni giving rate last year, and the Stanford Graduate School of Business, which reported a 41% participation rate by MBA alums....
Paul Danos, dean of Dartmouth’s Tuck School of Business for the past 16 years, can’t seem to get enough. The longest-serving B-school dean of any top-20 school has signed up for his fifth four-year term.
Jokes Danos: “I’m getting into the Guinness Book of Records, going on 16 plus four. Time flies.”
In an era when the average tenure of a B-school dean is less than five years, the 65-year-old Danos has astutely led Tuck not merely through a time of dramatic change at the school, but also through numerous market booms and busts, fads and trends, and serious criticism of the degree and the people who have it.
It is easy to underestimate the impact of an individual on an institution, particularly a dean whose impracticable job has accurately been described as one of “herding cats.” Yet over the past 16 years, Danos has welcomed to the school and ultimately sent into the world more than 40 percent of Tuck’s nearly 9,000 living alumni. He has recruited and hired roughly 85% of the school’s 50 professors. Danos also has raised more than $250 million to help foot the bill for, among other things, a 50% increase in the size of the faculty and vast improvements in the school’s facilities so that half of Tuck’s 11 connected buildings are either new or completely renovated.
PRESERVING TUCK’S CLOSE-KNIT CULTURE OF AFFECTION AND COLLABORATION
Yet, he also has been able to preserve and build upon Tuck’s unique close-knit culture of affection and collaboration...
Please join us on April 29 to celebrate a community-wide launch and Open House of the Stanford GSB's Knight Management Center. We'll have an afternoon full of food and entertainment, special guests, and a few surprises.
We are welcoming alumni, friends, students, faculty, and staff from throughout Stanford, business leaders, and prospective students for this historic milestone."