Doris Duke Management Foundation
- Assets
- $22.5m
- Revenue
- $21.3m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/1998
- Data as of
- 12/2023
- EIN
- 13-4008718
Organization Overview
Doris Duke Management Foundation is located in New York, NY. The organization was established in 1998. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Doris Duke Management Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Doris Duke Management Foundation generated $21.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $21.2m during the year ending 12/2023. While expenses have increased by 11.9% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Doris Duke Management Foundation has awarded 11 individual grants totaling $192,908. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
DORIS DUKE MANAGEMENT FOUNDATION'S (DDMF) PRIMARY CHARITABLE ACTIVITY IS TO SUPPORT THE TAX-EXEMPT MISSION OF THE DORIS DUKE CHARITABLE FOUNDATION INC (DDCF INC) AND ITS AFFILIATED ENTITIES. DDMF EMPLOYS STAFF WHO, BY CONTRACT, SUPPORT THE DDCF INC GRANT PROGRAMS AND PROVIDE ADMINISTRATIVE STAFF SUPPORT FOR ALL AFFILIATED FOUNDATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samsher Gill Ceo/president | 2 | $892,701 | |
Peter Simmons Coo/treasurer | 11 | $501,744 | |
Erica Dziedzic Secretary/counsel | 10 | $385,455 | |
William H Wright Dir./chairperson | 0.5 | $0 | |
Anthony S Fauci Vice Chairperson | 0.5 | $0 | |
Vishakha N Desai Director | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Asi System Integration Inc | 12/30/23 | $839,702 |
Production Glue Llc | 12/30/23 | $684,041 |
Environmental Leadership Program Inc | 12/30/23 | $399,090 |
Grant Thornton Llp | 12/30/23 | $398,602 |
Tri-tech Communications Inc | 12/30/23 | $306,587 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $21,349,326 |
| Total Revenue | $21,349,326 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,779,900 |
| Other employee salaries and wages | $2,667,010 |
| Pension plans, employee benefits | $3,053,854 |
| Interest | $0 |
| Taxes | $205,125 |
| Depreciation | $681,917 |
| Occupancy | $2,325,734 |
| Travel, conferences, and meetings | $1,492,842 |
| Printing and publications | $95,867 |
| Other expenses | $1,963,171 |
| Total operating and administrative expenses | $21,046,658 |
| Contributions, gifts, grants paid | $177,258 |
| Total expenses and disbursements | $21,223,916 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,294 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $299,452 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $163,911 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $6,762,334 |
| Other assets | $15,307,086 |
| Total assets | $22,534,077 |
| Accounts payable and accrued expenses | $4,183,278 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $14,671,085 |
| Total liabilities | $18,854,363 |
Grants Awarded
Over the last fiscal year, Doris Duke Management Foundation has awarded $177,258 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
US DEPARTMENT OF STATE PURPOSE: SPONSORSHIP - ART IN EMBASSIES | $100,000 |
GREENBIZORG PURPOSE: EVENT SPONSORSHIPS TO ADVANCE THE ORGANIZATION'S TAX-EXEMPT MISSION. | $27,000 |
NEZ PERCE TRIBE COMMUNICATIONS PURPOSE: EVENT SPONSORSHIPS TO ADVANCE THE ORGANIZATION'S TAX-EXEMPT MISSION. | $25,000 |
NATIVE AMERICANS IN PHILANTHROPY PURPOSE: EVENT SPONSORSHIPS TO ADVANCE THE ORGANIZATION'S TAX-EXEMPT MISSION. | $10,000 |
BIODIVERSITY FUNDERS GROUP PURPOSE: EVENT SPONSORSHIPS TO ADVANCE THE ORGANIZATION'S TAX-EXEMPT MISSION. | $10,000 |
UNITED HOSPITAL FUND PURPOSE: GENERAL SUPPORT | $5,000 |