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Nonprofit · EIN 02-0222111

TRUSTEES OF DARTMOUTH COLLEGE

Tax-exempt · HANOVER, NH 03755

Financials

$1.6B$1.4B2022$1.7B$1.5B2023$2.3B$1.6B2024
Revenue Expenses · by fiscal year end
Financials of TRUSTEES OF DARTMOUTH COLLEGE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$2,261,775,916$1,618,788,716$642,987,200$13,111,675,654$1,753,870,477$11,357,805,177
June 30, 2024990$1,704,785,821$1,467,110,348$237,675,473$12,047,520,355$1,676,070,895$10,371,449,460
June 30, 2023990$1,603,346,438$1,411,739,475$191,606,963$11,665,744,420$1,709,633,763$9,956,110,657
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$661,547,361
of which government grants
$145,346,086
Program service revenue
$700,565,519
Investment income
$647,701,896
Royalties
$212,134,068
Net rental income
$5,780,434
Net gain from sales of assets
$517,972,213
Net income from fundraising events
$37,249
Other revenue
$251,961,140

Expenses

Grants and similar amounts paid
$297,447,338
Compensation of officers, directors and key employees
$12,891,768
Other salaries and wages
$566,072,047
Salaries, compensation and benefits (total)
$719,492,413
Professional fundraising fees
$0
Legal fees
$7,159,801
Accounting fees
$733,210
Occupancy
$50,287,911
Travel
$35,087,232
Depreciation
$77,789,470
Program services (functional)
$1,385,286,038
Management and general (functional)
$176,106,046
Fundraising (functional)
$57,396,632

Balance sheet and other

Total assets, start of year
$12,047,520,355
Total assets, end of year
$13,111,675,654
Total liabilities, end of year
$1,753,870,477
Net assets, end of year
$11,357,805,177
Land, buildings and equipment
$1,525,427,765
Publicly traded securities
$2,002,085,711
Net assets without donor restrictions
$3,475,405,528
Net assets with donor restrictions
$7,882,399,649
Gross unrelated business income
$9,828,847
Gross receipts
$4,395,015,942
Employees
10,631
Volunteers
11,000
Year formed
1769
State of legal domicile
NH

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
Alice RuthChief Executive Officer - Investment Office
Key employee
40$5,064,645$48,706
Sian BeilockPresident and Trustee Ex-Officio
Trustee or director, Officer
40$1,597,733$511,104
Kelsey MorganChief Investment Officer
Highest-paid employee
40$2,036,422$51,321
Michael P SullivanManaging Director, Investment Office
Highest-paid employee
40$1,624,253$51,456
Jessica JonesManaging Director, Investment Office
Highest-paid employee
39.8$1,290,212$51,207
Jomysha StephenEVP for Strategy, Special Counsel to the President & Secretary to the Board
Officer
40$1,064,056$53,677
Steven LeachDirector, Dartmouth Cancer Center
Highest-paid employee
40$1,063,449$36,108
Michael R SullivanManaging Director, Investment Office
Highest-paid employee
39.8$1,044,402$39,754
Matthew SlaughterDean, Tuck School of Business
Key employee
40$997,208$43,241
Robert LasherSr. Vice President for Advancement
Key employee
40$928,884$39,405
David KotzProvost
Officer
40$915,441$51,656
Duane ComptonDean, Geisel School of Medicine
Key employee
40$895,752$45,508
Philip HanlonFormer President
Former
40$844,494$9,610
Sandhya IyerGeneral Counsel and Secretary to the Board of Trustees
Key employee
40$743,123$47,909
Ann Root KeithChief Advancement Officer
Key employee
40$689,999$46,876
30 more people on this return
NameTitleHours / weekCompensationOther / benefits
Joshua KenistonSenior VP for Operations
Key employee
39.8$699,001$30,017
Elizabeth SmithDean of Faculty of Arts & Sciences
Key employee
40$632,587$36,274
Robert Scott FrewChief Financial Officer
Officer
39.8$593,686$46,610
Frank RobertsAssociate VP, FOM
Former
39.9$259,222$31,571
Christopher LordTrustee
Trustee or director
3$0$0
Christopher SununuTrustee Ex-Officio
Trustee or director
1$0$0
Constance Womack BrittonTrustee
Trustee or director
3$0$0
David GrainTrustee
Trustee or director
3$0$0
David McKennaTrustee
Trustee or director
3$0$0
Eileen Chamberlain DonahoeTrustee
Trustee or director
3$0$0
Elizabeth Cahill LempresTrustee
Trustee or director
3$0$0
Elizabeth Mahoney LoughlinTrustee
Trustee or director
3$0$0
Gregg LemkauTrustee
Trustee or director
3$0$0
Hilary C TompkinsTrustee
Trustee or director
3$0$0
Jacob TapperTrustee
Trustee or director
3$0$0
James FrankTrustee
Trustee or director
3$0$0
Jane P NovakTrustee
Trustee or director
3$0$0
Jeffrey CroweTrustee
Trustee or director
3$0$0
Joyce SackeyTrustee
Trustee or director
3$0$0
Kelly AyotteTrustee Ex-Officio
Trustee or director
1$0$0
Maia JosebachviliTrustee
Trustee or director
3$0$0
Neal KatyalTrustee
Trustee or director
3$0$0
Odette HarrisTrustee
Trustee or director
3$0$0
Richard LewisTrustee
Trustee or director
3$0$0
Scott StuartTrustee
Trustee or director
3$0$0
Shonda RhimesTrustee
Trustee or director
3$0$0
Susan FineganTrustee
Trustee or director
3$0$0
Susan HuangTrustee
Trustee or director
3$0$0
Todd SisitskyTrustee
Trustee or director
3$0$0
Will GriffithTrustee
Trustee or director
3$0$0
990 for the year ended June 30, 2024: 44 people
NameTitleHours / weekCompensationOther / benefits
Alice RuthChief Executive Officer - Investment Office
Key employee
40$5,050,701$47,107
Kelsey MorganChief Investment Officer
Highest-paid employee
40$1,954,850$49,179
Michael SullivanManaging Director, Investment Office
Highest-paid employee
40$1,542,436$49,857
Eugene TeevensHead Football Coach
Highest-paid employee
40$1,262,804$39,640
Jessica JonesManaging Director, Investment Office
Highest-paid employee
39.8$1,236,973$49,179
Philip HanlonFormer President
Former
40$1,195,085$37,923
Sian BeilockPresident and Trustee Ex-Officio
Trustee or director, Officer
40$806,199$280,915
Matthew SlaughterDean, Tuck School of Business
Key employee
40$971,855$41,429
Robert LasherSr. Vice President for Advancement
Key employee
40$940,464$36,795
Steven LeachDirector, Dartmouth Cancer Center
Highest-paid employee
40$907,829$34,562
Duane ComptonDean, Geisel School of Medicine
Key employee
40$873,673$43,946
David KotzProvost
Officer
40$847,886$49,540
Sandhya IyerGeneral Counsel and Secretary to the Board of Trustees
Key employee
40$745,298$50,653
Richard MillsExecutive Vice President (through August 2023)
Officer
40$629,643$36,577
Elizabeth SmithDean of Faculty
Key employee
40$607,145$34,733
Jomysha StephenEVP for Strategy & Special Counsel to President (from August 2023)
Officer
40$551,063$37,156
Robert Scott FrewChief Financial Officer
Officer
39.8$489,498$44,608
Joshua KenistonSenior VP Campus Planning & Campus Operations
Key employee
39.8$488,735$28,708
Ann Root KeithChief Advancement Officer
Key employee
40$467,646$47,193
Frank RobertsAssociate VP, FOM
Former
39.9$250,509$30,693
Christopher LordTrustee
Trustee or director
3$0$0
Christopher SununuTrustee Ex-Officio
Trustee or director
1$0$0
Constance Womack BrittonTrustee
Trustee or director
3$0$0
David McKennaTrustee
Trustee or director
3$0$0
Eileen Chamberlain DonahoeTrustee
Trustee or director
3$0$0
Elizabeth Cahill LempresTrustee
Trustee or director
3$0$0
Elizabeth Mahoney LoughlinTrustee
Trustee or director
3$0$0
Erica Ruliffson SchultzTrustee
Trustee or director
3$0$0
Gregg LemkauTrustee
Trustee or director
3$0$0
Hilary C TompkinsTrustee
Trustee or director
3$0$0
Jacob TapperTrustee
Trustee or director
3$0$0
James FrankTrustee
Trustee or director
3$0$0
Jane P NovakTrustee
Trustee or director
3$0$0
Jeffrey BlackburnTrustee
Trustee or director
3$0$0
Jeffrey CroweTrustee
Trustee or director
3$0$0
Joyce SackeyTrustee
Trustee or director
3$0$0
Neal KatyalTrustee
Trustee or director
3$0$0
Odette HarrisTrustee
Trustee or director
3$0$0
Richard LewisTrustee
Trustee or director
3$0$0
Scott StuartTrustee
Trustee or director
3$0$0
Shonda RhimesTrustee
Trustee or director
3$0$0
Susan FineganTrustee
Trustee or director
3$0$0
Susan HuangTrustee
Trustee or director
3$0$0
Todd SisitskyTrustee
Trustee or director
3$0$0
990 for the year ended June 30, 2023: 43 people
NameTitleHours / weekCompensationOther / benefits
Alice RuthChief Executive Officer - Investment Office
Key employee
40$4,905,670$43,920
Kelsey MorganChief Investment Officer
Highest-paid employee
39.8$1,907,604$45,899
Philip HanlonPresident and Trustee Ex-Officio (through 6/11/2023)
Trustee or director, Officer
40$1,645,360$230,247
Michael SullivanManaging Director, Investment Office
Highest-paid employee
40$1,515,285$46,770
Jessica JonesManaging Director, Investment Office
Highest-paid employee
39.8$1,163,510$44,756
Matthew SlaughterDean, Tuck School of Business
Key employee
40$913,507$38,599
Robert LasherSr. Vice President for Advancement
Key employee
40$916,946$34,527
Steven LeachDirector, Norris Cotton Cancer Center
Highest-paid employee
40$911,986$32,034
Vijay GovindarajanProfessor
Highest-paid employee
40$845,225$41,149
Duane ComptonDean, Geisel School of Medicine
Key employee
40$827,970$40,699
David KotzProvost
Officer
40$791,202$46,005
Richard MillsExecutive Vice President
Officer
40$770,140$36,952
Sandhya IyerGeneral Counsel and Secretary to the Board of Trustees
Key employee
40$639,095$46,853
Elizabeth SmithDean of Faculty
Key employee
40$575,579$31,706
Robert Scott FrewChief Financial Officer
Officer
39.8$402,866$41,391
Joshua KenistonSenior VP Campus Planning & Campus Operations
Key employee
39.8$370,342$26,593
Carolyn DeverFormer Provost
Former
40$336,557$33,241
Frank RobertsAssociate VP, FOM
Former
39.9$230,178$30,808
Sian BeilockPresident and Trustee Ex-Officio (beginning 6/12/2023)
Trustee or director, Officer
40$0$0
Carlos Rodriguez-PastorTrustee
Trustee or director
3$0$0
Christopher LordTrustee
Trustee or director
3$0$0
Christopher SununuTrustee Ex-Officio
Trustee or director
1$0$0
Constance Womack BrittonTrustee
Trustee or director
3$0$0
Daniel BlackTrustee
Trustee or director
3$0$0
Eileen Chamberlain DonahoeTrustee
Trustee or director
3$0$0
Elizabeth Cahill LempresTrustee
Trustee or director
3$0$0
Elizabeth Cogan FascitelliTrustee
Trustee or director
3$0$0
Elizabeth Mahoney LoughlinTrustee
Trustee or director
3$0$0
Erica Ruliffson SchultzTrustee
Trustee or director
3$0$0
Gregg LemkauTrustee
Trustee or director
3$0$0
Hilary C TompkinsTrustee
Trustee or director
3$0$0
James FrankTrustee
Trustee or director
3$0$0
Jane P NovakTrustee
Trustee or director
3$0$0
Jeffrey BlackburnTrustee
Trustee or director
3$0$0
Jeffrey CroweTrustee
Trustee or director
3$0$0
Joyce SackeyTrustee
Trustee or director
3$0$0
Neal KatyalTrustee
Trustee or director
3$0$0
Odette HarrisTrustee
Trustee or director
3$0$0
Richard LewisTrustee
Trustee or director
3$0$0
S Caroline KerrTrustee
Trustee or director
3$0$0
Scott StuartTrustee
Trustee or director
3$0$0
Susan FineganTrustee
Trustee or director
3$0$0
Susan HuangTrustee
Trustee or director
3$0$0

Address and contacts

Address (IRS master file)
7 LEBANON ST STE 302 # 6015, HANOVER, NH 03755-2112
Mailing address (990-N for 2023)
7 Lebanon Street Ste 302, Hanover NH 03755
Principal officer (990 for 2024)
Sian Beilock, 7 Lebanon Street Suite 302 6015, Hanover, NH 03755
Principal officer (990-N for 2023)
Tony Moody, 56 Central Street, Andover MA 01810
Signed the 990
Jennifer Renaud, AVP Finance and Controller
Phone
(603) 646-3001

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.

990 for the year ended June 30, 2025

Program accomplishments

  • Education and Academic Support: A Dartmouth education is unlike any other. Through person-to-person teaching and opportunities to create and apply knowledge on campus and across the globe, we instill a love of learning and a passion for success. We educate global citizens, gifted writers and artists, wise business leaders, thoughtful doctors, and compassionate engineers. Our faculty are deeply invested in nurturing creativity as well as critical thinking. Our students can explore the cultural underpinnings and economic impacts of great works while creating their own masterpieces, all with the guidance and support of world-class masters of their crafts. Academics at Dartmouth are innovative, interdisciplinary, international, and individualized for each student. Each student's experience is distinguished by breadth, depth, and personal connections with top faculty. The institution comprises the Faculty of the Arts & Sciences, the Guarini School of Graduate and Advanced Studies, and three professional schools: the Thayer School of Engineering, the Tuck School of Business, and the Geisel School of Medicine. Dartmouth's approximately 1,050-person faculty teaches and guides approximately 6,950 undergraduate and graduate students. Dartmouth's library system directly supports the research and teaching mission of Dartmouth College, as well as the life-long learning needs of the Dartmouth community, by providing access to multiple types of resources, including approximately 2.2 million printed volumes, 54,000 microform volumes, 87,000 other physical formats, 455,000 network resources and 2 million electronic books. State-of-the-art computing resources are available to faculty and students to foster innovation and excellence in research and in the curriculum.
    Expenses $898,185,146 · grants $271,406,402 · revenue $554,468,878
  • Campus Life: Our close-knit community is a distinctive and enduring feature of the Dartmouth experience. For students, the process of joining and adapting to a new community can be as educationally significant as their academic work. For this reason, Dartmouth invests resources in creating a community that is both stimulating and nurturing. Approximately 90% of Dartmouth undergraduates lived on campus and Dartmouth's diverse dining facilities are an important part of campus life. Athletics at Dartmouth compliment the overall academic and intellectual growth of Dartmouth students, with more than 75% of undergraduates participating in at least one of the 35 varsity teams, 33 club sports teams and several intramural leagues. In addition, facilities such as Dartmouth Skiway and Morton Farm provide an opportunity for recreation and learning beyond the classroom. There are also approximately 370 graduate and undergraduate student groups which allow students to explore interests in diverse areas, including the arts, academics, activism, culture, politics, sustainability, and others.
    Expenses $281,030,455 · grants $6,863,326 · revenue $128,412,494
  • Research & Research Support: At Dartmouth, teaching and research are inextricably linked. Dartmouth offers undergraduate students a rigorous curriculum at the forefront of higher education and Dartmouth faculty pursue research at the highest levels of their disciplines. Students conduct independent study through one-on-one supervision with a faculty member or work as a member of a research group in state-of-the-art facilities. Dartmouth is home to world-class scholars in the Faculty of Arts & Sciences, the Guarini School of Graduate and Advanced Studies, the Thayer School of Engineering, the Tuck School of Business, and the Geisel School of Medicine-which has strong ties to the Dartmouth-Hitchcock Clinic and the Mary Hitchcock Memorial Hospital. Our faculty, along with students, produce high-impact research that advances the quest for cures and treatments for diseases like Alzheimer's and cancer. They generate discoveries in bio-medical engineering and artificial intelligence, among many other issues central to our time. The collaborative, high-impact solution of real-world problems is integral to our teacher-scholar model, enabling students' hands-on engagement in the joys and challenges of discovery and creation. In addition, Dartmouth has more than 50 wide-ranging centers and institutes, hubs for innovation and excellence across the arts and sciences, that connect our faculty and students to each other in multidisciplinary ways with real-world impacts. During fiscal 2025, faculty and others engaged in sponsored activity received approximately $221 million in awards from external funding agencies.
    Expenses $206,070,436 · grants $15,075,963 · revenue $10,866,419

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990-N on file

IRS record

EIN
02-0222111
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Group exemption
Exempt since
1997
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B430)
Group exemption
8204 (118 member organizations)
Assets (IRS master file)
$13,111,675,654
Income (IRS master file)
$4,395,015,942

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$2,261,775,916$1,618,788,716$13,111,675,654IRS
990-TJune 2025–––IRS
990-N for 2023
Officer: Tony Moody
June 30, 2024≤ $50,000 receipts––e-Postcard
990June 2024$1,704,785,821$1,467,110,348$12,047,520,355IRS
990-TJune 2024–––IRS
990June 2023$1,603,346,438$1,411,739,475$11,665,744,420XML
990-TJune 2023–––IRS
990June 2022$1,952,191,796$1,200,813,658$11,447,539,519IRS
990-TJune 2022–––IRS
990June 2021$1,850,561,594$1,082,709,165$11,884,162,956IRS
990-TJune 2021–––IRS
990-N for 2019
Officer: John Doyle
June 30, 2020≤ $50,000 receipts––e-Postcard
990June 2020–––IRS
990June 2019–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 02-0222111).

Questions about TRUSTEES OF DARTMOUTH COLLEGE

What is the EIN of TRUSTEES OF DARTMOUTH COLLEGE?
The employer identification number (EIN) of TRUSTEES OF DARTMOUTH COLLEGE is 02-0222111.
Is TRUSTEES OF DARTMOUTH COLLEGE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
Are donations to TRUSTEES OF DARTMOUTH COLLEGE tax-deductible?
Yes. It is listed in IRS Publication 78 (Group exemption).
Which annual return does TRUSTEES OF DARTMOUTH COLLEGE file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of TRUSTEES OF DARTMOUTH COLLEGE due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did TRUSTEES OF DARTMOUTH COLLEGE last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of TRUSTEES OF DARTMOUTH COLLEGE?
The 990 for the year ended June 30, 2025 names Sian Beilock.
Who are the officers and directors of TRUSTEES OF DARTMOUTH COLLEGE?
The 990 for the year ended June 30, 2025 lists 45 people; 19 received compensation from the organization, the highest $5,064,645 (Alice Ruth, Chief Executive Officer - Investment Office).
How much revenue does TRUSTEES OF DARTMOUTH COLLEGE have?
On its 990 for the year ended June 30, 2025 it reported revenue of $2,261,775,916, expenses of $1,618,788,716 and total assets of $13,111,675,654 at year end.

Organizations in its group exemption (118)

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