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← TRUSTEES OF DARTMOUTH COLLEGE

Form 990 for tax year 2023

Filed by TRUSTEES OF DARTMOUTH COLLEGE.

Totals

Total revenue
$1,704,785,821
Total expenses
$1,467,110,348
Contributions and grants received
$445,381,561
Grants paid
$266,984,415
Program services expenses (Part IX)
$1,239,604,078
Management and general expenses
$169,756,314
Fundraising expenses
$57,749,956
Program service expenses (Part III)
$1,239,604,078

Program services were 84.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Sian Beilock

    President and Trustee Ex-Officio

    Total calculated
    $1,087,114
    From this org
    $806,199
    From related orgs
    $0
    Other
    $280,915
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $566,834
    Bonus
    $175,000
    Other
    $64,365
    Deferred
    $32,700
    Nontaxable benefits
    $248,215
    Filer's total
    $1,087,114

  • Christopher Lord

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Christopher Sununu

    Trustee Ex-Officio

    Total calculated
    $0
    Hours/week
    1

  • Constance Womack Britton

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • David McKenna

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Eileen Chamberlain Donahoe

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Elizabeth Cahill Lempres

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Elizabeth Mahoney Loughlin

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Erica Ruliffson Schultz

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Gregg Lemkau

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Hilary C Tompkins

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Jacob Tapper

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • James Frank

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Jane P Novak

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Jeffrey Blackburn

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Jeffrey Crowe

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Joyce Sackey

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Neal Katyal

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Odette Harris

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Richard Lewis

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Scott Stuart

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Shonda Rhimes

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Susan Finegan

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Susan Huang

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Todd Sisitsky

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • David Kotz

    Provost

    Total calculated
    $897,426
    From this org
    $847,886
    From related orgs
    $0
    Other
    $49,540
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $846,926
    Bonus
    $0
    Other
    $960
    Deferred
    $29,700
    Nontaxable benefits
    $19,840
    Filer's total
    $897,426

  • Jomysha Stephen

    EVP for Strategy & Special Counsel to President (from August 2023)

    Total calculated
    $588,219
    From this org
    $551,063
    From related orgs
    $0
    Other
    $37,156
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $281,634
    Bonus
    $230,000
    Other
    $39,429
    Deferred
    $29,040
    Nontaxable benefits
    $8,116
    Filer's total
    $588,219

  • Richard Mills

    Executive Vice President (through August 2023)

    Total calculated
    $666,220
    From this org
    $629,643
    From related orgs
    $0
    Other
    $36,577
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $598,677
    Bonus
    $0
    Other
    $30,966
    Deferred
    $29,700
    Nontaxable benefits
    $6,877
    Filer's total
    $666,220

  • Robert Scott Frew

    Chief Financial Officer

    Total calculated
    $534,106
    From this org
    $489,498
    From related orgs
    $0
    Other
    $44,608
    Hours/week
    39.8 + 0.2 related

    Schedule J breakdown matched by us

    Base
    $489,498
    Bonus
    $0
    Other
    $0
    Deferred
    $29,700
    Nontaxable benefits
    $14,908
    Filer's total
    $534,106

  • Alice Ruth

    Chief Executive Officer - Investment Office

    Total calculated
    $5,097,808
    From this org
    $5,050,701
    From related orgs
    $0
    Other
    $47,107
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,196,396
    Bonus
    $3,853,146
    Other
    $1,159
    Deferred
    $29,700
    Nontaxable benefits
    $17,407
    Filer's total
    $5,097,808

  • Ann Root Keith

    Chief Advancement Officer

    Total calculated
    $514,839
    From this org
    $467,646
    From related orgs
    $0
    Other
    $47,193
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $442,337
    Bonus
    $25,000
    Other
    $309
    Deferred
    $29,700
    Nontaxable benefits
    $17,493
    Filer's total
    $514,839

  • Duane Compton

    Dean, Geisel School of Medicine

    Total calculated
    $917,619
    From this org
    $873,673
    From related orgs
    $0
    Other
    $43,946
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $873,547
    Bonus
    $0
    Other
    $126
    Deferred
    $29,700
    Nontaxable benefits
    $14,246
    Filer's total
    $917,619

  • Elizabeth Smith

    Dean of Faculty

    Total calculated
    $641,878
    From this org
    $607,145
    From related orgs
    $0
    Other
    $34,733
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $605,243
    Bonus
    $0
    Other
    $1,902
    Deferred
    $29,700
    Nontaxable benefits
    $5,033
    Filer's total
    $641,878

  • Joshua Keniston

    Senior VP Campus Planning & Campus Operations

    Total calculated
    $517,443
    From this org
    $488,735
    From related orgs
    $0
    Other
    $28,708
    Hours/week
    39.8 + 0.2 related

    Schedule J breakdown matched by us

    Base
    $488,735
    Bonus
    $0
    Other
    $0
    Deferred
    $23,100
    Nontaxable benefits
    $5,608
    Filer's total
    $517,443

  • Matthew Slaughter

    Dean, Tuck School of Business

    Total calculated
    $1,013,284
    From this org
    $971,855
    From related orgs
    $0
    Other
    $41,429
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $967,410
    Bonus
    $0
    Other
    $4,445
    Deferred
    $29,700
    Nontaxable benefits
    $11,729
    Filer's total
    $1,013,284

  • Robert Lasher

    Sr. Vice President for Advancement

    Total calculated
    $977,259
    From this org
    $940,464
    From related orgs
    $0
    Other
    $36,795
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $790,464
    Bonus
    $150,000
    Other
    $0
    Deferred
    $29,700
    Nontaxable benefits
    $7,095
    Filer's total
    $977,259

  • Sandhya Iyer

    General Counsel and Secretary to the Board of Trustees

    Total calculated
    $795,951
    From this org
    $745,298
    From related orgs
    $0
    Other
    $50,653
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $744,848
    Bonus
    $0
    Other
    $450
    Deferred
    $29,700
    Nontaxable benefits
    $20,953
    Filer's total
    $795,951

  • Eugene Teevens

    Head Football Coach

    Total calculated
    $1,302,444
    From this org
    $1,262,804
    From related orgs
    $0
    Other
    $39,640
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $389,710
    Bonus
    $827,750
    Other
    $45,344
    Deferred
    $29,700
    Nontaxable benefits
    $9,940
    Filer's total
    $1,302,444

  • Jessica Jones

    Managing Director, Investment Office

    Total calculated
    $1,286,152
    From this org
    $1,236,973
    From related orgs
    $0
    Other
    $49,179
    Hours/week
    39.8 + 0.2 related

    Schedule J breakdown matched by us

    Base
    $466,918
    Bonus
    $768,896
    Other
    $1,159
    Deferred
    $29,700
    Nontaxable benefits
    $19,479
    Filer's total
    $1,286,152

  • Kelsey Morgan

    Chief Investment Officer

    Total calculated
    $2,004,029
    From this org
    $1,954,850
    From related orgs
    $0
    Other
    $49,179
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $830,191
    Bonus
    $1,123,500
    Other
    $1,159
    Deferred
    $29,700
    Nontaxable benefits
    $19,479
    Filer's total
    $2,004,029

  • Michael Sullivan

    Managing Director, Investment Office

    Total calculated
    $1,592,293
    From this org
    $1,542,436
    From related orgs
    $0
    Other
    $49,857
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $538,152
    Bonus
    $1,003,125
    Other
    $1,159
    Deferred
    $29,700
    Nontaxable benefits
    $20,157
    Filer's total
    $1,592,293

  • Steven Leach

    Director, Dartmouth Cancer Center

    Total calculated
    $942,391
    From this org
    $907,829
    From related orgs
    $0
    Other
    $34,562
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $907,829
    Bonus
    $0
    Other
    $0
    Deferred
    $29,700
    Nontaxable benefits
    $4,862
    Filer's total
    $942,391

  • Frank Roberts

    Associate VP, FOM

    Total calculated
    $281,202
    From this org
    $250,509
    From related orgs
    $0
    Other
    $30,693
    Hours/week
    39.9 + 0.1 related

    Schedule J breakdown matched by us

    Base
    $249,909
    Bonus
    $0
    Other
    $600
    Deferred
    $21,693
    Nontaxable benefits
    $9,000
    Filer's total
    $281,202

  • Philip Hanlon

    Former President

    Total calculated
    $1,233,008
    From this org
    $1,195,085
    From related orgs
    $0
    Other
    $37,923
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,194,489
    Bonus
    $0
    Other
    $596
    Deferred
    $29,700
    Nontaxable benefits
    $8,223
    Filer's total
    $1,233,008

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1a · Tax indemnification and gross-up payments
  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1a · Personal services (maid, chauffeur, chef)
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 5a · Pay contingent on this organization's revenues
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a First-class or charter travel
Dartmouth travel policy allows for first or business class air travel for business purposes in limited circumstances. Consistent with this policy, on infrequent occasions senior officers flew first class or business class with the President's approval. The lack of a major commercial airport within 80 miles of Dartmouth requires use of charter air travel to fulfill the East Coast business travel requirements of the President. For this reason, the President and certain senior officers had access for business purposes to charter flight service, the cost of which was fully defrayed by private donations designated for this purpose. Senior officers may join the President when they are traveling to the same destination, but they may not use the charter travel on their own.
Schedule J, Part I, Line 1a Tax indemnification and gross-up payments
The President received a taxable gross up on moving expenses. The former President received a taxable gross up of Medicare tax due to the timing of the imputed income.
Schedule J, Part I, Line 1a Housing allowance or residence for personal use
Dartmouth provided housing for the President. This arrangement was for Dartmouth's convenience and a condition of employment and therefore was not taxable to the President.
Schedule J, Part I, Line 1a Health or social club dues or initiation fees
The President and the Dean of Tuck School each have a membership at the University Club in NYC for Dartmouth College business purposes.
Schedule J, Part I, Line 1a Personal services
Dartmouth provided housekeeping services for cleaning and maintaining the President's house, as well as personal chef services. The value of services provided for personal living space and chef services was recognized as imputed income to the President.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
Dartmouth provided President Beilock with a nonqualified 457(f) supplemental retirement plan. No amounts were either paid during FY2024.
Schedule J, Part I, Line 5a Compensation contingent on revenues of the organization
A portion of the incentive bonus for investment office employees is based on meeting certain return targets. A portion of the performance bonus for the Sr. VP of Advancement is based on achieving certain advancement goals.
Schedule J, Part I, Line 7 Non-fixed payments
Alice Ruth, Chief Executive Officer - Investment Office, received incentive compensation of $3,853,146 during calendar year 2023. Kelsey Morgan, Chief Investment Officer, received incentive compensation of $1,123,500 during calendar year 2023. Michael Sullivan, Managing Director in the Investment Office, received incentive compensation of $1,003,125 during calendar year 2023. Jessica Jones, Managing Director in the Investment Office, received incentive compensation of $768,896 during calendar year 2023. Sian Beilock, President, received a signing bonus of $175,000 during calendar year 2023. Jomysha Stephen, EVP For Strategy & Special Counsel to President, received a signing bonus of $230,000 during calendar year 2023. Robert Lasher, Senior Vice President for Advancement, received incentive compensation of $150,000 during calendar year 2023. Ann Root Keith, Chief Advancement Officer, received a performance bonus of $25,000 during calendar year 2023. Eugene Teevens, Head Football Coach, received supplemental pay of $827,750 during calendar year 2023.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202501339349306270

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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