$150m gift nearly doubles Dartmouth’s zero-parent-contribution income threshold
Dartmouth College received a $150 million bequest from the estates of Glenn and Barbara Britt to expand financial aid. The donation allows the college to eliminate parental contributions for families earning up to $125,000 annually.
Why it matters
This significant endowment sets a new benchmark for affordability in elite US higher education, potentially influencing financial aid policies at other institutions.
In March 2024, Dartmouth College in the United States announced that it would receive more than $150 million from the estates of former Time Warner Cable CEO Glenn Britt and his wife, Barbara Britt. The donation, the largest bequest dedicated entirely to scholarships in Dartmouth's 255-year history, was intended to make education more affordable for students from middle-income families. It also provided additional scholarship funding for students at Dartmouth's Tuck School of Business.According to the college, the gift allowed Dartmouth to nearly double the annual family income threshold under which parents are not expected to contribute towards their children's undergraduate education. The limit increased from $65,000 to $125,000 for families with typical assets.
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