CONCORD, N.H. (AP) — Dartmouth College President Philip Hanlon said Tuesday he is pleased with the school’s endowment return given how volatile the markets were in the second half of the year because of the coronavirus pandemic.
The endowment has grown to $6 billion after generating a return of 7.6% for the fiscal year that ended June 30.
The endowment contributed about 30%, or more than $270 million, to the college’s annual operating budget last year, officials said Tuesday. That helped fund a record-high level of undergraduate financial aid, diversity and inclusivity initiatives and scholarly research.
The Ivy League school provides full tuition scholarships to families earning $100,000 or less. This year, 22% of the incoming first-year students received that aid.
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THE NUMBERS
As of Monday, 7,952 people in New Hampshire had tested positive for the virus, an increase of seven from the previous day. The number of deaths stood at 438.
The seven-day rolling average of daily new cases in New Hampshire has risen over the past two weeks from 29 new cases per day on Sept. 7 to 33 new cases per day on Sept. 21. For most people, the coronavirus causes mild or moderate symptoms, such as fever and cough that clear up in two to three weeks. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia or death.
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