Dartmouth College’s Tuck School of Business said today (July 14) that its annual giving campaign has raised a record $6.35 million in the last fiscal year with more alumni than ever participating—a world-leading 70.9 percent. It’s the the fourth consecutive year that more than 70% of Tuck graduates have contributed to the campaign, a figure more than double the average giving rate of other business schools.
The alumni giving rate is often a proxy for the loyalty and strength of a school’s alumni network. Tuck has long been known for having one of the most responsive MBA alumni of any of the top business schools, partly because of the tight-knit bonds formed among students in a relatively small MBA program in Hanover, N.H.
At most top business schools, annual alumni giving hovers around the 20% to 25% rate. At Chicago Booth, for example, the alumni giving rate was 18.6% in the 2012-2013 school year. At Harvard Business School, 27% of the MBA alumni contributed to its annual giving in fiscal 2013. So the Tuck number–at more than 70%–is unprecedented for a business school.
THE CAMPAIGN PROVIDES ABOUT 8% OF THE SCHOOL’S OPERATING REVENUE
“This is so much more than just a number,” said Dean Paul Danos in a statement. “It speaks to our graduates’ satisfaction with Tuck and to their continued confidence in our approach to management education. It is also something we never take for granted. Such an achievement takes hard work and dedication, and I am continually inspired and humbled by the efforts of our many volunteers and donors.”
The effort surpassed the $6.3 million raised in 2013 and the $5.7 million raised in 2012. This year’s campaign was given an extra boost by a $43,000 challenge gift—for the annual fund’s 43rd year—from the TAG Executive Committee and an anonymous donor that helped send participation and revenue figures into record territory. Tuck Annual Giving, all of whose funds raised are unrestricted as to use, provides approximately 8% of the school’s operating revenues along with direct support for innovation.
“Alumni loyalty and generosity connected with the extraordinary diligence and care of our annual giving team in Hanover and our volunteers around the globe help make Tuck strong and unique,” said Don M. Wilson, III T’73, chair of the Tuck Annual Giving Executive Committee for the past 10 years.