Cause IQ organization profile

Duke Endowment

Form 990s | Financials | Vendors | Personnel | Peers

Duke Endowment is a private foundation based in Charlotte, NC that was founded in 1938. As of 2019 they had $265 million in revenue and $2.6 billion in assets.

The Duke Endowment works to help people and strengthen communities in North Carolina and South Carolina by nurturing children, promoting health, educating minds and enriching spirits.

EIN:

56-0529965

City:

Charlotte

State:

North Carolina

Website:

dukeendowment.org

Phone:

704-376-0291

Facebook:

facebook.com/TheDukeEndowment

Founded:

1938

Type:

501(c)(3)

NTEE:

T20: Private foundations

Revenue:

$265,153,086

Assets:

$2,682,038,711

Fiscal year end:

December

Revenue trends:

Asset trends:

Form 990s for Duke Endowment

Fiscal year ending	Date received by IRS	Form	PDF link
2018-12	Jan 31, 2020	990PF	View PDF
2017-12	Dec 20, 2018	990PF	View PDF
2016-12	Nov 21, 2017	990PF	View PDF
2015-12	Nov 18, 2016	990PF	View PDF
2014-12	Nov 24, 2015	990PF	View PDF
...and two more Form 990 PDFs

Financials for Duke Endowment

Field	2018	2017	% Change
Total grants, contributions, etc.	$6,450,000	$0	999%
Investment income and dividends	$48,968,927	$49,759,914	-1.6%
Net rental income	$127,501	$152,000	-16.1%
Net gain from sale of non-inventory assets	$209,606,658	$57,275,987	266.0%
Gross sales of inventory	$0	$0
Miscellaneous revenues	$0	$0
Total revenues	$265,153,086	$107,187,901	147.4%

Field	2018	2017	% Change
Compensation of current officers, etc.	$3,757,333	$4,147,645	-9.4%
Non-officer salaries and wages	$5,172,735	$4,863,309	6.4%
Pension/retirement accruals and contributions	$3,663,791	$1,713,472	113.8%
Legal fees	$23,814	$22,986	3.6%
Accounting fees	$308,375	$304,100	1.4%
Other fee-for-service	$9,834,592	$10,515,218	-6.5%
Interest	$0	$0
Depreciation, amortization, etc.	$1,553,749	$1,550,834	0.2%
Occupancy	$1,756,511	$1,783,509	-1.5%
Travel	$317,570	$344,566	-7.8%
Office expenses
Grants to all govts., orgs., and individuals	$160,273,086	$132,411,105	21.0%
All other expenses	$5,800,984	$9,485,718	-38.8%
Total expenses	$193,065,407	$167,599,231	15.2%

Field	2017	2016	% Change
Cash (non-interest-bearing)	$48,213	$14,770,768	-99.7%
Savings, short-term investments, etc.	$9,313,473	$0	999%
Accounts receivable	$0	$0
Pledges and grants receivable	$0	$0
Loans receivable from officers, directors, etc.	$0	$0
Notes and loans receivable	$0	$0
Inventories for use	$0	$0
Prepaid expenses and deferred charges	$0	$0
Investments in government obligations	$0	$0
Investments in corporate stock	$80,828,173	$81,440,311	-0.8%
Investments in corporate bonds	$0	$0
Investments in land, buildings, and equipment	$0	$0
Investments in mortgage loans	$0	$0
Other types of investments	$2,544,355,175	$2,586,076,349	-1.6%
Buildings, equipment, etc. post-depreciation	$41,148,089	$42,600,664	-3.4%
Other assets	$6,345,588	$15,273,099	-58.5%
Total assets	$2,682,038,711	$2,740,161,191	-2.1%

Field	2017	2016	% Change
Accounts payable and accrued expenses	$26,868,086	$20,012,081	34.3%
Grants payable	$25,220,192	$21,775,942	15.8%
Deferred revenue	$0	$0
Loans payable to officers and disqualified persons	$0	$0
Secured mortgages and notes payable to unrelated third parties	$34,730,016	$35,865,892	-3.2%
Other liabilities	$2,503,657	$2,277,554	9.9%
Total liabilities	$89,321,951	$79,931,469	11.7%

Vendors for Duke Endowment

Vendor	Services	Date
Drupal	Content management system software	2020-06-15
█████ ████████ ███	Tax accounting	2020-01-31
██████	Actuarial services	2019-12-31

Personnel at Duke Endowment

Name	Title	Compensation	Most recent data
Harris E. Deloach JR.	Chief Executive Officer	-	June 3, 2020
Karen H. Rogers	Finance / Chief Financial Officer and Treasurer	-	June 3, 2020
███████ ██ █████ ███	General Counsel and Chief Compliance Officer	-	June 3, 2020
██████ ██ ████████ ██	Vice President and General Counsel	-	Sept. 26, 2018
██ ████ ██████	Managing Director	-	Oct. 4, 2018
████ ██ █████	Director , Information Technology	-	Oct. 8, 2018
█████ ██ █████████	Director , Human Resources	-	Sept. 26, 2018
██████ ██ ████████	Program Director	-	Sept. 26, 2018
███████ ██ █████	Director , Evaluation	-	Sept. 26, 2018
███████ ██ ███████	Communications / Director	-	June 3, 2020
...and seven more key personnel

Peer private foundations

	Name	Type	Revenue	Location
1	Michael and Susan Dell Foundation (MSDF)	501(c)(3)	$139 million	Austin, TX
2	Ralph C Wilson Jr Foundation	501(c)(3)	$72 million	Detroit, MI
3	The Leona M and Harry B Helmsley Charitable Trust	501(c)(3)	$191 million	New York, NY
4	W.K. Kellogg Foundation (WKKF)	501(c)(3)	$386 million	Battle Creek, MI
5	James Irvine Foundation	501(c)(3)	$81 million	San Francisco, CA
6	The JPB Foundation	501(c)(3)	$257 million	New York, NY
7	William and Flora Hewlett Foundation	501(c)(3)	$609 million	Menlo Park, CA
8	Carnegie Corporation of New York	501(c)(3)	$231 million	New York, NY
9	The Wallace Foundation	501(c)(3)	$86 million	New York, NY
10	George Gund Foundation	501(c)(3)	$76 million	Cleveland, OH
11	Matan B'seter Foundation	501(c)(3)	$289 million	New York, NY
12	Tarsadia Foundation	501(c)(3)	$106 million	Newport Beach, CA
13	David and Lucile Packard Foundation	501(c)(3)	$440 million	Los Altos, CA
14	Richard King Mellon Foundation	501(c)(3)	$181 million	Ligonier, PA
15	Otto Bremer Trust (OBT)	501(c)(3)	$94 million	St Paul, MN
16	John Templeton Foundation	501(c)(3)	$232 million	West Conshohocken, PA
17	Harry & Jeanette Weinberg Foundation	501(c)(3)	$138 million	Owings Mills, MD
18	Eli and Edythe Broad Foundation	501(c)(3)	$66 million	Los Angeles, CA
19	The Louis and Gloria Flanzer Philanthropic Trust	501(c)(3)	$95 million	New York, NY
20	The Schmidt Family Foundation (TSFF)	501(c)(3)	$613 million	Palo Alto, CA
21	Houston Endowment	501(c)(3)	$115 million	Houston, TX
22	John D & Catherine T Macarthur Foundation	501(c)(3)	$132 million	Chicago, IL
23	Gordon E and Betty I Moore Foundation	501(c)(3)	$530 million	Palo Alto, CA
24	Joyce Foundation	501(c)(3)	$75 million	Chicago, IL
25	Moody Foundation	501(c)(3)	$124 million	Galveston, TX

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Cause IQ organization profile

Duke Endowment

Form 990s for Duke Endowment

Financials for Duke Endowment

Vendors for Duke Endowment

Personnel at Duke Endowment

Peer private foundations

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