Trustees of Dartmouth College

EIN: 020222111 501(c)(3) Education

Hanover, NH

Total Revenue
$1,704,785,821
Total Expenses
$1,467,110,348
Total Assets
$12,047,520,355
Net Assets
$10,371,449,460
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1769
Legal Domicile
NH
Phone
6036463001
Tax Period
2023-07-01 to 2024-06-30

Trustees of Dartmouth College, founded in 1769, is a large national nonprofit in the Education sector that reported $1.7B in total revenue in fiscal year 2023. Expenses of $1.5B left a modest 14% surplus.

Mission

Dartmouth College educates the most promising students and prepares them for a lifetime of learning and of responsible leadership, through a faculty dedicated to teaching and the creation of knowledge.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $445,381,561
Program Service Revenue $658,185,775
Investment Income $543,061,662
Other Revenue $58,156,823
TOTAL REVENUE $1,704,785,821

Expense Breakdown

Grants Paid $266,984,415
Salaries & Benefits $663,072,091
Fundraising Expenses $57,749,956
Program Expenses $1,239,604,078
Other Expenses $536,573,078
TOTAL EXPENSES $1,467,110,348

Year-over-Year Comparison

2023 2022 Change
Revenue $1,704,785,821 $1,603,346,438 +0.1%
Expenses $1,467,110,348 $1,411,739,475 +0.0%
Net Income $237,675,473 $191,606,963 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
25
Independent Members
24
Employees
10356
Volunteers
13000

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$3,773,085
Total Directors
25
$1,087,114
Key Employees
8
$10,476,081
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Sian Beilock President and Trustee Ex-Officio 40.0
Officer Director
$806,199 $280,915 $1,087,114
Christopher Lord Trustee 3.0
Director
$0 $0 $0
Christopher Sununu Trustee Ex-Officio 1.0
Director
$0 $0 $0
Constance Womack Britton Trustee 3.0
Director
$0 $0 $0
David McKenna Trustee 3.0
Director
$0 $0 $0
Eileen Chamberlain Donahoe Trustee 3.0
Director
$0 $0 $0
Elizabeth Cahill Lempres Trustee 3.0
Director
$0 $0 $0
Elizabeth Mahoney Loughlin Trustee 3.0
Director
$0 $0 $0
Erica Ruliffson Schultz Trustee 3.0
Director
$0 $0 $0
Gregg Lemkau Trustee 3.0
Director
$0 $0 $0
Hilary C Tompkins Trustee 3.0
Director
$0 $0 $0
Jacob Tapper Trustee 3.0
Director
$0 $0 $0
James Frank Trustee 3.0
Director
$0 $0 $0
Jane P Novak Trustee 3.0
Director
$0 $0 $0
Jeffrey Blackburn Trustee 3.0
Director
$0 $0 $0
Jeffrey Crowe Trustee 3.0
Director
$0 $0 $0
Joyce Sackey Trustee 3.0
Director
$0 $0 $0
Neal Katyal Trustee 3.0
Director
$0 $0 $0
Odette Harris Trustee 3.0
Director
$0 $0 $0
Richard Lewis Trustee 3.0
Director
$0 $0 $0
Scott Stuart Trustee 3.0
Director
$0 $0 $0
Shonda Rhimes Trustee 3.0
Director
$0 $0 $0
Susan Finegan Trustee 3.0
Director
$0 $0 $0
Susan Huang Trustee 3.0
Director
$0 $0 $0
Todd Sisitsky Trustee 3.0
Director
$0 $0 $0
David Kotz Provost 40.0
Officer
$847,886 $49,540 $897,426
Jomysha Stephen EVP for Strategy & Special Counsel to President (from August 2023) 40.0
Officer
$551,063 $37,156 $588,219
Richard Mills Executive Vice President (through August 2023) 40.0
Officer
$629,643 $36,577 $666,220
Robert Scott Frew Chief Financial Officer 39.8
Officer
$489,498 $44,608 $534,106
Alice Ruth Chief Executive Officer - Investment Office 40.0
Key Emp
$5,050,701 $47,107 $5,097,808
Ann Root Keith Chief Advancement Officer 40.0
Key Emp
$467,646 $47,193 $514,839
Duane Compton Dean, Geisel School of Medicine 40.0
Key Emp
$873,673 $43,946 $917,619
Elizabeth Smith Dean of Faculty 40.0
Key Emp
$607,145 $34,733 $641,878
Joshua Keniston Senior VP Campus Planning & Campus Operations 39.8
Key Emp
$488,735 $28,708 $517,443
Matthew Slaughter Dean, Tuck School of Business 40.0
Key Emp
$971,855 $41,429 $1,013,284
Robert Lasher Sr. Vice President for Advancement 40.0
Key Emp
$940,464 $36,795 $977,259
Sandhya Iyer General Counsel and Secretary to the Board of Trustees 40.0
Key Emp
$745,298 $50,653 $795,951
Eugene Teevens Head Football Coach 40.0
Highest
$1,262,804 $39,640 $1,302,444
Jessica Jones Managing Director, Investment Office 39.8
Highest
$1,236,973 $49,179 $1,286,152
Kelsey Morgan Chief Investment Officer 40.0
Highest
$1,954,850 $49,179 $2,004,029
Michael Sullivan Managing Director, Investment Office 40.0
Highest
$1,542,436 $49,857 $1,592,293
Steven Leach Director, Dartmouth Cancer Center 40.0
Highest
$907,829 $34,562 $942,391
Frank Roberts Associate VP, FOM 39.9
$250,509 $30,693 $281,202
Philip Hanlon Former President 40.0
$1,195,085 $37,923 $1,233,008
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $1,704,785,821 $1,467,110,348 $12,047,520,355 $237,675,473
2023 $1,603,346,438 $1,411,739,475 $11,665,744,420 $191,606,963
2022 $1,952,191,796 $1,200,813,658 $11,447,539,519 $751,378,138
2021 $1,850,561,594 $1,082,709,165 $11,884,162,956 $767,852,429
2020 $1,581,351,409 $1,090,847,157 $9,100,996,158 $490,504,252
2019 $1,444,207,354 $1,128,294,790 $8,630,388,531 $315,912,564
2018 $1,435,522,287 $1,091,419,805 $8,275,901,513 $344,102,482
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