My weight transferring tow dolly is releasably attachable to a receiver hitch of a towing vehicle such as a pickup truck and generally provides a dolly frame formed of plural structurally interconnected box beams having a height adjustable suspension carrying an axle with wheels and tires at opposing end portions, and a support frame to partially support the weight of a carried load and to move the center of gravity of a loaded towing vehicle forwardly to increase the stability of the towing vehicle.