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DEAR DICKINSONIANS:

"It is with great pleasure that I share with you the incredible progress we’ve made this past year, thanks to your unwavering support." Read more of the President's letter. 

Dickinson’s pooled endowment (the portion managed by the college’s outsourced investment office, Investure LLC) ended fiscal year 2024 (July 1, 2023-June 30, 2024) at $572.5  million, and the total endowment closed the fiscal year at $675.0 million. The pooled endowment’s new high results from a one-year gain of 8.7%, and the pooled endowment’s long-term performance remains strong, with a 10-year average annual rate of return of 8.1 %.

This rate of return over the last decade compares favorably to our passive benchmark (6.4%), which is based on a basket of varied, widely held securities, and is in line with our strategic goal of spending-plus inflation (8.6%) for the same 10-year period. This shows that the endowment, which is managed for long-term growth and stability, continues to perform strongly. It’s important to note that the endowment is managed to maximize risk-adjusted returns, net of all costs, over rolling 10-year periods, which enables Dickinson to minimize the negative impacts of downturns in the economy while positioning the endowment to recover quickly from down years.

Note: Dickinson’s endowment is composed of the pooled endowment, which is managed as part of a consortium of colleges and universities by Investure LLC, and the nonpooled endowment, which consists of funds held in trust for the college, endowed pledges and other assets. The pooled endowment makes up roughly 80% of the total endowment, while the nonpooled assets make up the remaining 20%. Throughout this report, information about the endowment’s investment returns refer solely to the pooled endowment, while information about the endowment’s total value refers to the pooled endowment and the nonpooled assets. For more information, visit dickinson.edu/financialoperations. 

Dickinson’s total endowment has grown by 55% (investment returns, plus new gifts, net of annual spending distributions to support operations) since fiscal year 2014.

The combination of generous gifts and sound fiscal management has generated tremendous growth for Dickinson’s endowment throughout the last 10 years. This has had a significant impact on the college, improving nearly every aspect of the Dickinson experience. Sustained growth like this is the only way to continue to move Dickinson forward and is only possible thanks to generous donors like you.

For more detailed information on the endowment, download and read the full 2024 Report on Philanthropy (PDF).

DICKINSON CELEBRATES THESE RECENTLY ESTABLISHED FUNDS:

• Janda Kirk Griffith Endowed Scholarship
• Jane Howson Weaver ’72 Scholarship
• Jeanette Moses Scholarship
• John M. Paz ’78 Fund for the Burgess Institute
• John Ott ’79 Scholarship
• Joy and Ben Catanese Data Analytics Athletics Internship
• Julie Walters Farm Fund
• Keidel Family Scholarship
• Kevin Holleran ’73 General Operations Fund
• Koste Family Scholarship
• Lauren Keiper Stein ’02 and Eric Stein Scholarship
• Levin-Alexander and Oldsey Family Annual Scholarship
• Madelyn C. ’69 and James H. Massey, Jr. Scholarship
• Mark ’71 and Harriet Lehman ’72 Fund for the Burgess Institute
• Mark ’81 and Lisa Burgess Fund for the Burgess Institute for the Global Economy
• Marketing & Communications Support
• Order of Scroll and Key Scholarship Fund
• Philip H. Greenhut Student-Faculty Research Endowment
• Rhonda ’76 and Ted ’73 Ebert Fund for Judaic Studies
• Sophie Ava Asbell ’24 Scholarship
• Steve Eisenhardt ’87 Men’s and Women’s Soccer Fund
• Stuart and Pamela Mathews Fund for the Burgess Institute for the Global Economy
• Terri and Douglas Pauls ’80 Fund for the Burgess Institute for the Global Economy
• Vera J. and Richard W. Barefoot Scholarship
• William & Helen F Bott Scholarship
• William Atchley Reed & Maxine S. Reed Memorial Scholarship

DEAR DICKINSONIANS:

Thank you for investing in the future through Dickinson. Your philanthropic support fuels innovation and excellence at the college, helping us to prepare today’s students to become tomorrow’s leaders. Read more.