Angier B Duke Memorial Inc Term

Organization Overview

Angier B Duke Memorial Inc Term is located in Charlotte, NC. The organization was established in 1991. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Angier B Duke Memorial Inc Term 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, Angier B Duke Memorial Inc Term generated $1.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $1.6m during the year ending 12/2023. While expenses have increased by 0.5% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO DEVELOP SCHOLARSHIPS AND TO PROMOTE AND FURTHER THE ARTS, SCIENCES, AND PROFESSIONS AT DUKE UNIVERSITY AND FOR THAT PURPOSE TO ESTABLISH SCHOLARSHIPS AND TO ASSIST WORTHY STUDENTS AT THE UNIVERSITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ANGIER B. DUKE MEMORIAL, INC. IS A NONPROFIT MEMBERSHIP CORPORATION ESTABLISHED IN 1925 TO DEVELOP SCHOLARSHIPS AND TO PROMOTE AND FURTHER THE ARTS, SCIENCES, AND PROFESSIONS AND TO ASSIST WORTHY STUDENTS. THE MEMORIAL LIMITS ITS ASSISTANCE FOR THESE PURPOSES TO DUKE UNIVERSITY. AT DUKE, THE MEMORIAL CONTRIBUTES TO THE ANGIER B. DUKE MEMORIAL SCHOLARSHIP PROGRAM OF DUKE UNIVERSITY WHICH AWARDS SCHOLARSHIPS TO INDIVIDUALS WITH DEMONSTRATED ACADEMIC AND PERSONAL ACHIEVEMENT AND OUTSTANDING PROMISE OF SUCCESS IN THEIR CHOSEN FIELDS. AWARDS CONSIST OF FULL TUITION; SIX WEEKS OF SUMMER STUDY AT NEW COLLEGE, OXFORD; THE OPTION OF TWO SEMESTERS OF STUDY ABROAD OR ELSEWHERE IN THE U.S.; AND IN SOME CASES ADDITIONAL FINANCIAL ASSISTANCE, IF THERE IS DEMONSTRATED NEED.


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Board, Officers & Key Employees

Name (title)Compensation
Jean G Spaulding
Vice Chair
$0
Clarence G Newsome
Trustee
$0
Minor M Shaw
Trustee
$0
Kenneth D Weeks Jr
Trustee
$0
Judy Woodruff
Trustee
$0
Charles C Lucas III
Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $1,796,638
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$280,244
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,516,394

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