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 12/2022, Duke Endowment generated $497.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $255.1m during the year ending 12/2022. While expenses have increased by 6.8% 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 1,778 individual grants totaling $782,351,395. 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
2022
Describe the Organization's Program Activity:
CONDUCTING STUDIES, EVALUATIONS, AND RESEARCH FOR VARIOUS GRANT PROJECTS.
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 EDUCATIONAL CONFERENCES AND SEMINARS.
SUPPORT PROGRAM STAFF ON BOARDS AND ADVISORY COMMITTEES OF CHARITABLE ORGANIZATIONS OR TASK FORCES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
William Barnet III Trustee | 5.5 | $169,897 | |
Dennis M Campbell Trustee/vice-Chair | 5.5 | $169,897 | |
John Fav Cecil Trustee | 5.5 | $169,897 | |
Ravenel B Curry III Trustee | 5.5 | $169,897 | |
Pamela Davies Trustee | 5.5 | $169,897 | |
Harris E Deloach Jr Trustee | 5.5 | $169,897 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Dumac Llc | 12/30/22 | $5,688,220 |
Massmutual Life | 12/30/22 | $825,926 |
Mz Investment | 12/30/22 | $810,118 |
Williams Group | 12/30/22 | $684,402 |
Praesidium | 12/30/22 | $658,501 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $17,077,800 |
Interest on Savings | $0 |
Dividends & Interest | $52,458,373 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $427,808,122 |
Capital Gain Net Income | $365,812,542 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $374,296 |
Total Revenue | $497,718,591 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $4,887,450 |
Other employee salaries and wages | $6,111,160 |
Pension plans, employee benefits | $2,420,224 |
Interest | $0 |
Taxes | $5,427,726 |
Depreciation | $1,028,261 |
Occupancy | $1,729,950 |
Travel, conferences, and meetings | $150,795 |
Printing and publications | $862,184 |
Other expenses | $5,720,872 |
Total operating and administrative expenses | $42,763,071 |
Contributions, gifts, grants paid | $212,293,248 |
Total expenses and disbursements | $255,056,319 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $4,209,202 |
Savings and temporary cash investments | $23,409,705 |
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 | $4,790,000 |
Investments—mortgage loans | $0 |
Investments—other | $3,407,474,553 |
Net Land, buildings, and equipment | $34,672,381 |
Other assets | $7,383,327 |
Total assets | $3,619,520,233 |
Accounts payable and accrued expenses | $44,891,677 |
Grants payable | $19,826,007 |
Deferred revenue | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Mortgages and other notes payable | $28,353,015 |
Other liabilities | $5,513,307 |
Total liabilities | $98,584,006 |
Over the last fiscal year, Duke Endowment has awarded $219,591,038 in support to 450 organizations.
Grant Recipient | Amount |
---|---|
ALBEMARLE HOSPITAL FOUNDATION PURPOSE: TO EXPAND A COMMUNITY NETWORK OF CARE FOR THE LOW-INCOME, UNINSURED IN PASQUOTANK AND SURROUNDING COUNTIES. | $200,000 |
AMERICAN ENTERPRISE INSTITUTE PURPOSE: TO PROVIDE AN HONORARIUM FOR THE AUGUST TRUSTEE MEETING SPEAKER. | $5,000 |
AMERICAN INSTITUTES FOR RESEARCH PURPOSE: TO BUILD EVIDENCE FOR THE RURAL CHURCH SUMMER LITERACY INITIATIVE PROGRAM MODEL. | $230,785 |
AMERICAN INSTITUTES FOR RESEARCH PURPOSE: TO BUILD EVIDENCE FOR THE RURAL CHURCH SUMMER LITERACY INITIATIVE PROGRAM MODEL. | $200,000 |
AMERICAN INSTITUTES FOR RESEARCH PURPOSE: TO BUILD EVIDENCE FOR THE RURAL CHURCH SUMMER LITERACY INITIATIVE PROGRAM MODEL. | $143,215 |
ANMED HEALTH FOUNDATION PURPOSE: TO EXPAND A COMMUNITY NETWORK OF CARE FOR THE LOW-INCOME, UNINSURED IN ANDERSON COUNTY. | $225,000 |