Duke Endowment
- Assets
- $3.4b
- Revenue
- $832.4m
- Investments
- $3.3b
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 05/1938
- Data as of
- 12/2021
- EIN
- 56-0529965
Organization Overview
Duke Endowment is located in Charlotte, NC. The organization was established in 1938. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Duke Endowment 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 12/2021, Duke Endowment generated $832.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 47.4% each year . All expenses for the organization totaled $220.2m during the year ending 12/2021. While expenses have increased by 10.0% per year over the past 4 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 2019, Duke Endowment has awarded 1,328 individual grants totaling $562,760,357. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
COMMUNICATING THE WORK AND MISSION OF OUR GRANTEES THROUGH OUR WEBSITE, REPORTS, NEWSLETTERS AND SOCIAL MEDIA EFFORTS, INFORMING THE FIELD ABOUT STRATEGY AND OUTCOMES.
CONDUCTING STUDIES, EVALUATIONS, AND RESEARCH FOR VARIOUS GRANT PROJECTS.
SUPPORT PROGRAM STAFF ON BOARDS AND ADVISORY COMMITTEES OF CHARITABLE ORGANIZATIONS OR TASK FORCES.
CONDUCTING EDUCATIONAL CONFERENCES AND SEMINARS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rhett N Mabry President | 40 | $635,265 | |
Karen H Rogers CFO And Treasurer | 40 | $377,959 | |
K Todd Walker Dir. Of Investments | 40 | $376,756 | |
Susan L Mcconnell VP & Dir. Of Hr & Higher Ed | 40 | $374,326 | |
Robert Webb Dir. Of Rural Church | 40 | $323,134 | |
Phillip Redmond Jr Dir. Child Care & Fa | 40 | $318,398 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dumac Llc | 12/30/21 | $3,777,294 |
Rgm Capital | 12/30/21 | $2,174,171 |
Praesidium | 12/30/21 | $1,341,432 |
Permian Investment Partners | 12/30/21 | $1,258,685 |
Incentive As | 12/30/21 | $942,673 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $40,727,081 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $791,668,669 |
| Capital Gain Net Income | $599,478,041 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,754 |
| Total Revenue | $832,404,504 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,789,628 |
| Other employee salaries and wages | $5,893,241 |
| Pension plans, employee benefits | $4,524,599 |
| Interest | $0 |
| Taxes | $12,660,595 |
| Depreciation | $1,354,065 |
| Occupancy | $1,769,394 |
| Travel, conferences, and meetings | $37,023 |
| Printing and publications | $754,871 |
| Other expenses | -$2,491,773 |
| Total operating and administrative expenses | $45,262,993 |
| Contributions, gifts, grants paid | $174,938,934 |
| Total expenses and disbursements | $220,201,927 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,440,274 |
| Savings and temporary cash investments | $16,079,657 |
| Net Accounts receivable | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $4,415,704 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,162,488,631 |
| Net Land, buildings, and equipment | $35,700,642 |
| Other assets | $13,209,387 |
| Total assets | $3,374,460,396 |
| Accounts payable and accrued expenses | $56,767,760 |
| Grants payable | $45,051,970 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $29,727,494 |
| Other liabilities | $5,872,301 |
| Total liabilities | $137,419,525 |
Grants Awarded
Over the last fiscal year, Duke Endowment has awarded $183,362,539 in support to 420 organizations.
| Grant Recipient | Amount |
|---|---|
DUKE UNIVERSITY PURPOSE: TO PROVIDE UNRESTRICTED OPERATING SUPPORT. | $12,500,000 |
Charlotte, NC PURPOSE: WEST TRADE ACTIVATION PLAN | PHASES 1 AND 2 | LAND | $6,990,000 |
DUKE UNIVERSITY HEALTH SYSTEM INC PURPOSE: TO CONTINUE TO STRENGTHEN DUKES CAPACITY AND REPUTATION IN THE SCIENCES BY RECRUITING AND RETAINING OUTSTANDING FACULTY FOR THE UNIVERSITY HEALTH SYSTEM. | $6,750,000 |
DUKE UNIVERSITY PURPOSE: TO CONTINUE TO STRENGTHEN DUKES CAPACITY AND REPUTATION IN THE SCIENCES BY RECRUITING AND RETAINING OUTSTANDING FACULTY FOR THE UNIVERSITY. | $6,750,000 |
DAVIDSON COLLEGE PURPOSE: TO STRENGTHEN THE JAMES B. DUKE SCHOLARSHIP PROGRAM. (ENDOWED) | $6,500,000 |
Charlotte, NC PURPOSE: TO COMMEMORATE THE DUKE ENDOWMENTS CENTENNIAL, SUPPORT FOR IMPLEMENTING THE NEW STRATEGIC PLAN IN COORDINATION WITH THE CHARLOTTE MAYORS RACIAL EQUITY CAMPAIGN. | $5,000,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Duke Endowment has recieved totaling $122.
| Awarding Organization | Amount |
|---|---|
The Duke Energy Foundation Charlotte, NC PURPOSE: EMPLOYEE MATCHING GIFTS | $122 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Marine Toys For Tots Foundation Triangle, VA | $224,233,558 | $379,587,582 |
Bank Of America Charitable Foundation Inc Charlotte, NC | $249,985,331 | $549,442,310 |
Duke Endowment Charlotte, NC | $3,374,460,396 | $832,404,504 |
Marcus Foundation Inc Atlanta, GA | $0 | $247,225,335 |
Distribution Cooperative Inc Mcdonough, GA | $32,404,421 | $108,129,645 |
The Coca-Cola Foundation Inc Atlanta, GA | $328,454,102 | $178,366,620 |
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |