...As of June 30, 2007 the total value of the College endowment was approximately $3.7 billion.”
Ahhhh, yes. The Golden Rule.
Them what’s got the gold, rule.
And another storied institution is forever changed, to the detriment of all. A monument to megalomania and one more plank in the house of what liberals do, versus what they say.
Now, stand by for the REAL reason for the extra “Trusty’s.” If some interesting expenditures of the fund should be announced before long, I’ll try my best to not be shocked.
Texas ain’t Dartmouth, but we do have our experience with crooks and scheisters. Some things are universal, even if they are dressed-up differently… Billie sol Estes moves non-existent fertilizer around, and Dartmouth adds 8 new votes.
Do you think the Big Dog expects the 8 votes to be on his side? Or did he just want to add 8 more dissenters? “Enquiring Minds,” don’t you know…
National Association of College and University Business Officers (NACUBO) survey of top university and college endowments as of Fiscal Year 2006 (latest available)
1 Harvard University MA 28,915,706,000
2 Yale University CT 18,030,600,000
3 Stanford University CA 14,084,676,000
4 University of Texas System TX 13,234,848,000
5 Princeton University NJ 13,044,900
6 Massachusetts Institute of Technology MA 8,368,066,000
7 Columbia University NY 5,937,814,000
8 University of California CA 5,733,621,000
9 University of Michigan MI 5,652,262,000
10 The Texas A&M University System and Foundations TX 5,642,978,000
11 University of Pennsylvania PA 5,313,268,000
12 Northwestern University IL 5,140,668,000
13 Emory University GA 4,870,019,000
14 University of Chicago IL 4,867,003,000
15 Washington University MO 4,684,737,000
16 Duke University NC 4,497,718,000
17 University of Notre Dame IN 4,436,624,000
18 Cornell University NY 4,321,199,000
19 Rice University TX 3,986,664,000
20 University of Virginia VA 3,618,172,000
21 Dartmouth College NH 3,092,100,000
Dartmouth College is a private nonprofit educational corporation. It received its charter of incorporation from the Royal Province of New Hampshire on December 13, 1769.
It is owned in trust by a board of directors called the Trustees of Dartmouth College.
The board hired James Wright as CEO ("the President of Dartmouth College").
The Chairman of the Board is Ed Haldeman.
Pongo - 09 September 2007 07:05 PM
Who owns Dartmouth, Inc.? Who is the CEO? Does Dartmouth & CO. have
not-for-profit status?
Buried in one of the Powerline Posts on this subject is this statement..Ironically, the pretext for making the changes at issue was that trustee elections have become too “divisive.†All meaningful elections are divisive, but those who appreciate the concept of democracy understand that elections are more properly viewed as a means of resolving divisions in a “peaceful†way.....
Powerline has written a great deal about something that is liitle interest to me...Dartmouth...except in the abstract I don’t care a lick about Dartmouth...but the above statement is what fundamentally concerns conservatives about the direction of governance in the US and what distingushes the left from the right.
The left knows how you should live, whether it is what car to drive, how big of a house you should have, how your children should be educated, where you should get health care and generally what you should believe about life (God, human nature, sex, love, family life etc.)
The right thinks it knows these same things, but thinking it and knowing it are two very different mindsets. Differences which manifest in many ways, but for example…
Since a leftist knows how you should live, they see nothing wrong with a power grab as long as it the “right” people that grab power. A conservative may think he knows how you should live, but is more concerned and focuses how he should live and innately rejects any effort to restrict his own freedom and rights.
Now with Dartmouth this can be reduced to the following:
The left wants the College run its way and since it knows how it should be run, has no shame in grabbing power. The right on the other hand looks at the College and thinks it’s working ok so don’t change.
Now that arrangement works until it is challenged by the right through the democratic process. A process which the left cannot stand because it forces them to address their fellow citizens on equal termsand more importnatly exposes what they know to arugements and facts which result in doubt. An emotional experience that they can not handle.
Doubt it? Then look at the presidential candidates from the left and the right...which appear to have a sense of humor, which express doubt, which seem comfortable with who and what they are,which tell the “truth” as they understand it. Which actually seem to enjoy the give and take of the democratic process? So in the big games and important games we win...but
Sorry dear Powerline, history tells the fate of little Dartmouth. As you predict quality will suffer until it is just another Ivy with a huge endowement and a sense of entitlement greater than its worth.
Conservatives don’t fight small battles to death, which come to think of it is pretty much one definition of an American...one who will always do the right thing, regardless of cost, after trying everything else.
Dartmouth alumni know that this is not about democracy. It’s about the board of trustees and what they should and shouldn’t do. Just because a corporation lets an outside club nominate some of the people who will be elected to the board does not mean that concepts of “democracy,” “election,” “left” or “right” are in any way relevant. Conceiving of Dartmouth as a nation speaks well of the fervor the place instills but, when applied to this debate, is ultimately misleading.
darkandbloody - 15 September 2007 01:50 AM
All meaningful elections are divisive, but those who appreciate the concept of democracy understand that elections are more properly viewed as a means of resolving divisions in a “peaceful†way.....
Headline should read, “Dartmouth votes to remove ‘loyal’ from description of alumni.” The loyal alum is going the way of the Indian as a symbol of Dartmouth. Like the five year old at the playground, the trustees are taking their ball and going home. It’s their school, and they want everyone to know it.
In the short term, I don’t think that this will affect fundraising—there are enough Microsoft millionaires who’d like their names on buildings to more than cover the dropoff in donations from average alums. The trustees are counting on this blowing over, and alums resuming their giving. I don’t know whether or not that’s likely. I believe that it will reduce alumni involvement, to the detriment of current and future students.
In the immortal words of Daniel Webster, “It is, Sir, as I have said, a small college. And yet there are those.”
Bullies. Because the obvious translation is - who do you think YOU ARE to stop us?
It’s as if they walked up to a group of American citizens, used to freedoms, and coincidentally alumni of this ‘revered’ institute, who while standing on the curb these invade their space by standing nose to nose, spit in their faces, and instantly demand - what are YOU going to do about it? Just like that.
So somebody with an interest in this failed college, presumeably alums, need to come up with a reply that is the equivalent of a couple of hard slaps to the face. You encourage bullies, they’ll try something worse. You have to take administrators like this down a number of pegs, or the situation will continue to deteriorate as long as they are in charge.
I’m not suggesting physical assault, or even pranks. But again, those with an interest in the place ought to stand up for it, or else. As for myself, honestly, I really could care less about yet another worthless liberal college. But I would suspect a number of alums don’t fee the same, or perhaps imagine a different era when it was a different institution?
It’s as if they walked up to a group of American citizens, used to freedoms, and coincidentally alumni of this ‘revered’ institute, who while standing on the curb these invade their space by standing nose to nose, spit in their faces, and instantly demand - what are YOU going to do about it? Just like that.
No, Sevry, it’s not about “bullies.” There is no invasion of space or demand involved. There are no “freedoms” or voting rights at stake.
It’s as if the board of Coca-Cola walked up to a group of consumers, used to the classic flavour of Coke, and said “we will henceforth introduce into the marketplace New Coke!” It might be a bad decision, but that is the risk every corporation takes when it makes an important decision. If the consumers (i.e. students—not alumni) do not like it, they will substitute Pepsi (go to some school that has more alumni nominees, if one exists).
There’s something very creepy and ultimately vacuous about comparing the governance of an “institution of higher learning” to that of a corporation.
One supposes it’s just a coincidence that the governors of Harvard are called the Harvard Corporation, that the governors of Dartmouth “shall be one body corporate and politic, in deed, action and name,” or that all nonprofit institutions of higher learning are nonprofit corporations.
“Vacuous?” Hardly. To honestly and accurately call a corporation a corporation is to return us to first principles. ; )
And what’s the point of listing the sizes of schools’ endowments? To build support for government wealth transfer? I hope that’s not how the free-enterprise system rewards success.
