VOL. CLXXVI NO. 42
PARTLY CLOUDY HIGH 61 LOW 40
OPINION
CHIN: CAMP-ING IN THE WOODS PAGE 4
SAKLAD: ABORTION AND CLIMATE CHANGE PAGE 4
ARTS
REVIEW: NETFLIX’S SERIES ‘BONDING’ IS DERIVATIVE AND UNNUANCED PAGE 7
REVIEW: ‘FATHER OF THE BRIDE’ IS DARK DESPITE BRIGHT MELODIES PAGE 8
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COPYRIGHT © 2019 THE DARTMOUTH, INC.
TUESDAY, MAY 21, 2019
HANOVER, NEW HAMPSHIRE
Amy Klobuchar talks Dartmouth’s tax returns show high economy, antitrust exec salaries, overseas investments regulation at Tuck B y JOEY CHONG The Dartmouth
On Sunday evening, the Tuck School of Business hosted a conversation with U.S. Sen. Amy Klobuchar (D-MN), a 2020 Democratic presidential candidate, in Cook Auditorium. Moderated by Tuck dean Matthew Slaughter, the discussion focused on economics and Klobuchar’s ideas to regulate big businesses. After discussing her
presidential campaign announcement, Klobuchar highlighted climate change as her signature issue. She noted that this issue led President Donald Trump to criticize her, especially in light of her campaign announcement, which was held outside in the snow. “ D o n a l d Tr u m p, t h e science is on my side,” Klobuchar said. “I’d like to see how your hair would fare SEE KLOBUCHAR PAGE 5
College receives $10 million gift for Hood, West end expansion B y GRAYCE GIBBS
The Dartmouth Staff
Earlier this month, the College announced a $10 million donation from Molly and Gregg Engles ’79 as part of the ongoing Call to Lead capital campaign, which aims to raise $3 billion by 2022. The three-part Engles donation will support the development of the Arts District, the West End District and faculty recruitment, according to provost Joseph
Helble. In 2011, Gregg Engles was elected to the Dartmouth Board of Trustees and will be stepping down this year after serving two terms, the term limit for board members. Helble said that the Engles met with College President Phil Hanlon as well as a variety of deans and directors to determine the focus of their donation. “I think the support of the SEE GIFT PAGE 2
MICHAEL LIN/THE DARTMOUTH SENIOR STAFF
Dartmouth’s recently released tax returns for the 2018 fiscal year reveal assets totalling $8 billion.
B y KYLE MULLINS The Dartmouth Staff
The numbers jump off the first few pages: $8 billion in assets, $344 million in operating surplus, a presidential salary of nearly $1.2 million. Dartmouth’s 2018 tax returns paint the portrait of a wealthy institution, headed by highly paid executives and officers, with financial interests spanning the country and the globe. The College reported over $1.435 billion in total revenue, including $404 million in contributions and grants, $519 million in program service revenue — meaning tuition, fees, housing, dining, ticket revenues and other education-
related transactions — and $475 million in investment income. The College’s total assets grew by nearly $393 million to total $8.275 billion including $351 million in contributions and grants, $504 million in program service revenue and $377 million in investment income. On the expense side of the ledger, the College reported $1.091 billion in costs, including $175 million in grants paid out — including financial aid — and $506 million in salaries and benefits. This is slightly down from the previous year, when the College reported $1.107 billion in costs. The highest salaries that the College pays are listed on the form. College President
Phil Hanlon’s nearly $1.2 million salary and $247,000 in additional benefits, including a retirement package and travel, are an increase from last year, when he earned $1.1 million and $245,000 in benefits. Two years ago, Hanlon earned just over $1 million and $250,000 in additional benefits. Hanlon’s salary falls within the range of other comparable schools’ presidential compensation, but some presidents make far more. In 2017, former Harvard University president Drew Faust made over $1.7 million, Princeton University president Christopher Eisgruber made just under $1 million, Duke SEE TAX RETURNS PAGE 3