Doris Duke Charitable Foundation Inc
- Assets
- $2.2b
- Revenue
- $150.5m
- Investments
- $2.1b
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/2018
- Data as of
- 12/2023
- EIN
- 82-3691183
Organization Overview
Doris Duke Charitable Foundation Inc is located in New York, NY. The organization was established in 2018. 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. Doris Duke Charitable 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 12/2023, Doris Duke Charitable Foundation Inc generated $150.5m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $145.7m during the year ending 12/2023. While expenses have increased by 8.2% 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 2020, Doris Duke Charitable Foundation Inc has awarded 1,864 individual grants totaling $544,648,393. 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
MEDICAL RESEARCH ACTIVITIESSEE PART VIII-A - ACTIVITY DESCRIPTION STATEMENT
PERFORMING ARTS ACTIVITIESSEE PART VIII-A - ACTIVITY DESCRIPTION STATEMENT
CHILD WELL-BEING ACTIVITIESSEE PART VIII-A - ACTIVITY DESCRIPTION STATEMENT
ENVIRONMENT ACTIVITIESSEE PART VIII-A - ACTIVITY DESCRIPTION STATEMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samsher Gill Ceo/president | 26 | $0 | |
Peter Simmons Coo/treasurer | 14 | $0 | |
Erica Dziedzic Secretary/counsel | 11 | $0 | |
Anthony S Fauci Vice Chairperson | 1.5 | $0 | |
William Wright Dir./chairperson | 2.5 | $50,000 | |
Vishakha N Desai Director | 2 | $50,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Northern Trust Company | 12/30/23 | $834,002 |
Morgan Stanley Fixed Income | 12/30/23 | $186,287 |
Westwood Global Investments Llc | 12/30/23 | $121,526 |
Albourne America Llc | 12/30/23 | $120,000 |
Oberweis Asset Management | 12/30/23 | $105,988 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $19,521 |
| Dividends & Interest | $8,623,744 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $141,575,108 |
| Capital Gain Net Income | $37,177,264 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $265,483 |
| Total Revenue | $150,483,856 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $400,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $2,962,021 |
| Taxes | $4,407,848 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $55,218 |
| Printing and publications | $538 |
| Other expenses | $17,329,505 |
| Total operating and administrative expenses | $31,314,380 |
| Contributions, gifts, grants paid | $114,359,170 |
| Total expenses and disbursements | $145,673,550 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,173,285 |
| Savings and temporary cash investments | $33,627,805 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $5,475,346 |
| 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 | $228,088 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,956,721,254 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $45,557,490 |
| Total assets | $2,180,074,293 |
| Accounts payable and accrued expenses | $4,183,132 |
| Grants payable | $53,888,196 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $129,394,974 |
| Other liabilities | $13,628,816 |
| Total liabilities | $201,095,118 |
Grants Awarded
Over the last fiscal year, Doris Duke Charitable Foundation Inc has awarded $138,612,079 in support to 417 organizations.
| Grant Recipient | Amount |
|---|---|
A BLACK EDUCATION NETWORK PURPOSE: TO SUPPORT ABEN'S 20TH ANNIVERSARY GALA HONORING LARRY KRAMER | $5,000 |
AFRICAN AMERICAN CULTURAL CENTER (DBA AUGUST WILSON CULTURAL CENTER) PURPOSE: LEADERSHIP GRANTS FOR ARTS ORGANIZATIONS | $225,000 |
AFRICAN AMERICAN CULTURAL CENTER (DBA AUGUST WILSON CULTURAL CENTER) PURPOSE: GENERAL OPERATING SUPPORT | $75,000 |
ALLISON ORR DANCE INC PURPOSE: LEADERSHIP GRANTS FOR ARTS ORGANIZATIONS | $32,500 |
AFS INTERCULTURAL PROGRAMS PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
ALASKA COMMUNITY FOUNDATION PURPOSE: TO SUPPORT NUDLAGHI LEADERSHIP INSTITUTE CONVENINGS AT SILVER SALMON CREEK CAMP | $100,000 |