W Russell And Patricia Davis Duke Foundation Inc
- Assets
- $416.1k
- Revenue
- $129.0k
- Investments
- $393.8k
- Employees
- 0
- Location
- Greenville, NC
- Founding
- 03/2006
- Data as of
- 12/2022
- EIN
- 56-2069802
Organization Overview
W Russell And Patricia Davis Duke Foundation Inc is located in Greenville, NC. The organization was established in 2006. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. W Russell And Patricia Davis Duke Foundation Inc 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, W Russell And Patricia Davis Duke Foundation Inc generated $129.0k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $204.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, W Russell And Patricia Davis Duke Foundation Inc has awarded 229 individual grants totaling $454,589. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W Russell Duke Jr President | 1 | $0 | |
Patricia Davis Duke Treasurer | 2 | $0 | |
E Lawrence Davis III Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $124,342 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,648 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $111,285 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $128,990 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,648 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,908 |
| Contributions, gifts, grants paid | $199,971 |
| Total expenses and disbursements | $204,879 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $22,347 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $393,776 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $416,123 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, W Russell And Patricia Davis Duke Foundation Inc has awarded $199,971 in support to 75 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST BAPTIST CHURCH PURPOSE: UNRESTRICTED, RELIGIOUS | $500 |
ALLIANCE DEFENDING FREEDOM PURPOSE: UNRESTRICTED, RELIGIOUS | $1,500 |
ARBOR DAY FOUNDATION PURPOSE: UNRESTRICTED, HISTORICAL | $200 |
BATH FIRE DEPARTMENT PURPOSE: UNRESTRICTED, LOCAL/COMMUNITY | $300 |
BATH HIGH SCHOOL PRESERVATION PURPOSE: UNRESTRICTED, EDUCATIONAL | $500 |
BUILDING HOPE COMMUNITY LIFE CENTER PURPOSE: UNRESTRICTED, LOCAL/COMMUNITY | $9,000 |