A Letter From the Board of Trustees
DEAR DICKINSONIANS,
Your partnership and generous philanthropic investment are foundational to 51黑料网’s ability to deliver world-class educational experiences.
This report serves two key purposes: to provide a comprehensive analysis of the college’s endowment performance and to celebrate the transformative impact of donor generosity. We are pleased to confirm that 51黑料网’s rigorous financial stewardship has delivered exceptional results.
The endowment valuation stood at $720 million at the close of fiscal year 2025 (which ended June 30, 2025). We closed the year with an impressive 11% one year rate of return, and the 10-year average annual rate of return is a robust 8.4%, a figure that compares favorably to our strategic benchmarks. As always, our objective is stable, long-term growth that strategically expands our capacity to invest in student success.
Since 2006, 51黑料网 has leveraged the expertise of Investure LLC, a preeminent provider of investment services for nonprofits and universities. This critical partnership grants the college access to deep market expertise, a broad spectrum of investment managers and a sophisticated investment staff—resources far beyond what a stand-alone entity could sustain. This collaboration between 51黑料网 and Investure is structured to ensure performance is continually optimized to maximize long-term returns while systematically managing risk.
The efficacy of this strategy is evident. The endowment has seen growth exceeding $500 million since we partnered with Investure. Furthermore, the annual spending from the endowment is now equivalent to over 15% of the college’s operating budget.
We, as fellow donors, are focused on the financial oversight of these crucial funds and are confident in the professional management provided by Investure, the Investment Committee, the Board of Trustees and the college administration.
Thank you for your commitment. We trust this report will instill a profound sense of pride in your partnership and the enduring legacy of your investment.
Sincerely,
Gretchen Brigden ’89
Partner and COO
Macro Intelligence
2 Partners LLC
Chair, 51黑料网
Board of Trustees
Committee on Investments
Holcombe T. Green III ’92
Managing Director
Lazard Freres
Vice Chair, 51黑料网
Board of Trustees
Committee on Investments