Doris Duke Charitable Foundation Inc
- Assets
- $2.7b
- Revenue
- $296.4m
- Investments
- $2.5b
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/2018
- Data as of
- 12/2021
- 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 12/2021, Doris Duke Charitable Foundation Inc generated $296.4m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 37.8% each year . All expenses for the organization totaled $167.0m during the year ending 12/2021. While expenses have increased by 16.3% per year over the past 3 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 1,056 individual grants totaling $294,039,116. 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:
ENVIRONMENT ACTIVITIESSEE PART VIII-A - ACTIVITY DESCRIPTION STATEMENT
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Mwanza Director (thru 03/2021) | 0.5 | $50,000 | |
Vishakha N Desai Director | 2 | $50,000 | |
William Wright Dir./chairperson | 2.5 | $50,000 | |
Nannerl O Keohane Director | 2 | $50,000 | |
Mary Schmidt Campbell Director | 2 | $50,000 | |
David S Wilcove Director | 2 | $50,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Northern Trust Company | 12/30/21 | $1,268,941 |
Oberweis Asset Management | 12/30/21 | $670,543 |
Westwood Global Investments Llc | 12/30/21 | $344,855 |
Silchester International | 12/30/21 | $279,948 |
Capital Guardian Trust Co | 12/30/21 | $244,444 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,357,679 |
| Interest on Savings | $106,404 |
| Dividends & Interest | $10,967,731 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $282,763,326 |
| Capital Gain Net Income | $337,774,976 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $218,660 |
| Total Revenue | $296,413,800 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $262,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $2,367,831 |
| Taxes | $8,742,878 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $35,639 |
| Printing and publications | $0 |
| Other expenses | $10,912,531 |
| Total operating and administrative expenses | $30,719,795 |
| Contributions, gifts, grants paid | $136,299,150 |
| Total expenses and disbursements | $167,018,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,998,022 |
| Savings and temporary cash investments | $103,417,032 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $5,698,033 |
| 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 | $74,617 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,386,778,268 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $28,873,651 |
| Total assets | $2,668,517,046 |
| Accounts payable and accrued expenses | $3,151,449 |
| Grants payable | $60,896,537 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $99,349,312 |
| Other liabilities | $25,007,707 |
| Total liabilities | $188,405,005 |
Grants Awarded
Over the last fiscal year, Doris Duke Charitable Foundation Inc has awarded $164,931,286 in support to 548 organizations.
| Grant Recipient | Amount |
|---|---|
DUKE FARMS FOUNDATION PURPOSE: EMPLOYEE RELATED EXPENSES; GENERAL ADMIN EXPENSES; PROGRAM RELATED EXPENSES; GENERAL OPERATING EXPENSES; CAPITAL EXPENDITURES | $13,582,565 |
New York, NY PURPOSE: EMPLOYEE RELATED EXPENSES; GENERAL ADMIN EXPENSES; PROGRAM RELATED EXPENSES; GENERAL OPERATING EXPENSES; CAPITAL EXPENDITURES | $6,451,362 |
Bronx, NY PURPOSE: TO RENEW SUPPORT FOR THE CLIMATE ADAPTATION FUND, A NATIONAL FIELD BUILDING AND REGRANTING PROGRAM THAT FUNDS CONSERVATION PROJECTS DESIGNED TO HELP WILDLIFE AND ECOSYSTEMS ADAPT TO ACCELERATING CLIMATE CHANGE | $4,233,356 |
Boston, MA PURPOSE: TO RENEW SUPPORT FOR THE NATIONAL DANCE PROJECT, A REGRANTING PROGRAM THAT SUPPORTS THE CREATION AND TOURING OF NEW DANCE WORKS THROUGHOUT THE US | $3,877,400 |
Newport, RI PURPOSE: 2021 FUNDING FOR OPERATING COSTS ASSOCIATED WITH THE ROUGH POINT PROPERTY | $3,631,120 |
New York, NY PURPOSE: TO SUPPORT THE DORIS DUKE FOUNDATION PERFORMING ARTIST RECOVERY FUND | $3,168,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Doris Duke Charitable Foundation Inc has recieved totaling $2,200,000.
| Awarding Organization | Amount |
|---|---|
John Templeton Foundation West Conshohocken, PA PURPOSE: COVID-19 FUND TO RETAIN CLINICAL SCIENTISTS | $2,200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robert Wood Johnson Foundation Princeton, NJ | $14,837,880,900 | $1,125,174,588 |
Rockefeller Foundation New York, NY | $7,467,445,865 | $704,223,491 |
Simons Foundation Inc New York, NY | $4,513,699,772 | $129,477,470 |
Bloomberg Family Foundation Inc New York, NY | $0 | $1,259,941,914 |
Faculty Practice Foundation Inc Boston, MA | $96,526,141 | $409,797,243 |
Leona M & Harry B Helmsley Charitable Trust New York, NY | $8,313,587,896 | $723,181,306 |
Jp Morgan Chase Foundation New York, NY | $675,856,149 | $488,434,024 |
Genzyme Charitable Foundation Inc Bridgewater, NJ | $0 | $207,296,108 |
Richard King Mellon Foundation Dtd 01-01-47 Pittsburgh, PA | $2,648,950,543 | $383,215,006 |
Doris Duke Charitable Foundation Inc New York, NY | $2,668,517,046 | $296,413,800 |
Hillman Family Foundations Pittsburgh, PA | $2,323,141,190 | $264,701,739 |
William Penn Foundation Philadelphia, PA | $0 | $175,834,650 |