Fund Established By Will Of Nanaline H Duke For Duke University

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237270511 ✦ Charlotte, NC ✦ Designated as a 501(c)(3)

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Overview

What is Fund Established By Will Of Nanaline H Duke For Duke University?

The Fund Established by Will of Nanaline H Duke for Duke University is a philanthropic entity, governed by the trustees of the Duke Endowment, established through the will of Nanaline H. Duke. Located in Charlotte, North Carolina, the primary objective of this fund is to support Duke University, specifically its hospital and medical school, by providing financial aid for major construction projects and various support programs. The fund operates in close connection with Duke University, contributing significantly to medical research and general university purposes.

Is Fund Established By Will Of Nanaline H Duke For Duke University legitimate?

Fund Established By Will Of Nanaline H Duke For Duke University is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fund Established By Will Of Nanaline H Duke For Duke University submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $57,930
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Fund Established By Will Of Nanaline H Duke For Duke University?

The Fund Established By Will Of Nanaline H Duke for Duke University is dedicated to supporting Duke University, an institution of learning, primarily for its hospital and medical school. The primary objective is to further and promote medical research at this hospital and medical school. The funds are also intended for the general use of Duke University. The fund operates in close connection with Duke University, providing significant financial aid for major construction projects of the medical center and other support programs. The income and principal of the fund are exclusively paid to Duke University for its hospital and medical school for general purposes, ensuring that the university has the necessary resources to advance its mission.

Who is the CEO of Fund Established By Will Of Nanaline H Duke For Duke University?

Karen H Rogers is the Chair of Fund Established By Will Of Nanaline H Duke For Duke University.

What is the revenue of Fund Established By Will Of Nanaline H Duke For Duke University?

Fund Established By Will Of Nanaline H Duke For Duke University's revenue in 2022 was $1,890,020.

Who are the executives of Fund Established By Will Of Nanaline H Duke For Duke University and what are their salaries?


Here are 24 key members and their salaries:


Charles C Lucas Iii (Chair)
  • Compensation: $3,862
  • Related: $169,897
  • Other: $5,436
Jean G Spaulding (Vice Chair)
  • Compensation: $3,862
  • Related: $169,897
  • Other: $5,436
Dennis M Campbell (Vice Chair)
  • Compensation: $3,862
  • Related: $169,897
  • Other: $5,436
William Barnet Iii (Trustee)
  • Compensation: $3,862
  • Related: $169,897
  • Other: $5,436
John Fav Cecil (Trustee)
  • Compensation: $3,862
  • Related: $169,897
  • Other: $5,436
Ravenel B Curry Iii (Trustee)
  • Compensation: $3,862
  • Related: $169,897
  • Other: $5,436
Pamela L Davies (Trustee)
  • Compensation: $3,862
  • Related: $169,897
  • Other: $5,436
Harris E Deloach Jr (Trustee)
  • Compensation: $3,862
  • Related: $169,897
  • Other: $5,436
Allyson K Duncan (Trustee)
  • Compensation: $3,862
  • Related: $169,897
  • Other: $5,436
Constance F Gray (Trustee)
  • Compensation: $3,862
  • Related: $169,897
  • Other: $5,436
J Trent Jones (Trustee)
  • Compensation: $3,862
  • Related: $169,897
  • Other: $5,436
Clarence G Newsome (Trustee)
  • Compensation: $3,862
  • Related: $169,897
  • Other: $5,436
Minor M Shaw (Trustee)
  • Compensation: $3,862
  • Related: $169,897
  • Other: $5,436
Kenneth D Weeks Jr (Trustee)
  • Compensation: $3,862
  • Related: $169,897
  • Other: $5,436
Judy Woodruff (Trustee)
  • Compensation: $3,862
  • Related: $169,897
  • Other: $5,436
Rhett N Mabry (President)
  • Compensation: $0
  • Related: $665,767
  • Other: $242,412
Karen H Rogers (Cfo, Treasurer & Secretary)
  • Compensation: $0
  • Related: $388,114
  • Other: $92,968
Susan L Mcconnell (Vp & Dir. Of Hr & Higher Ed)
  • Compensation: $0
  • Related: $386,169
  • Other: $64,431
William F Bacon (Vp & Director Of Evaluation)
  • Compensation: $0
  • Related: $346,504
  • Other: $71,094
K Todd Walker (Director Of Investments)
  • Compensation: $0
  • Related: $387,961
  • Other: $85,275
Phillip Redmond Jr (Dir Of Child & Family Well)
  • Compensation: $0
  • Related: $328,647
  • Other: $53,800
Linwood Hollowell (Director Of Health Care)
  • Compensation: $0
  • Related: $328,391
  • Other: $55,950
Robert Webb (Director Of Rural Church)
  • Compensation: $0
  • Related: $328,976
  • Other: $45,409
Meka S Sales (Dir Of Si)
  • Compensation: $0
  • Related: $319,971
  • Other: $61,829
Where can I find the form 990 for Fund Established By Will Of Nanaline H Duke For Duke University?

Fund Established By Will Of Nanaline H Duke For Duke University's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Fund Established By Will Of Nanaline H Duke For Duke University

The Fund Established By Will Of Nanaline H Duke for Duke University is a charitable trust with a mission to support Duke University, an institution of learning located in Durham, North Carolina. The primary purpose of this fund is to contribute to Duke University's hospital and medical school, furthering and promoting medical research at these facilities. The funds are also intended for the general use of Duke University. The relationship between the fund and Duke University is such that the university receives income and principal from the fund, which is then utilized for its hospital and medical school for various purposes. The fund provides significant financial aid for major construction projects of the medical center of the university and other support programs. In summary, the mission of the Fund Established By Will Of Nanaline H Duke for Duke University is to support and contribute to the medical research and educational activities of Duke University.

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Impact




October, 2024

The Fund Established By Will Of Nanaline H Duke for Duke University plays a crucial role in supporting the institution's mission. This fund is dedicated to enhancing the capabilities of Duke University, particularly its hospital and medical school. By providing essential financial resources, the fund facilitates major funding for medical research, construction projects, and various support programs within the medical center.

The governing instrument of the fund, as outlined in Nanaline H. Duke's will, specifies that both income and principal are to be directed solely to Duke University. This focused approach ensures that the resources are utilized effectively for advancing medical education, research, and healthcare services. As a result, the fund significantly contributes to the growth and development of the university's medical facilities, positioning Duke University as a leader in healthcare and medical education.

Overall, the impact of this fund extends beyond financial assistance; it fosters innovation, promotes high-quality medical training, and ultimately benefits the broader community through improved health outcomes and research advancements.




This information is meant to be a general summary of Fund Established By Will Of Nanaline H Duke For Duke University. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,890,020 (2022)
Expenses
$1,814,191 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,890,020
  • Gross Receipts: $1,968,932

Assets and Liabilities:

  • Total Assets: $50,643,596
  • Total Liabilities: $57,930
  • Net Assets: $50,585,666

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Organization Details

Founding Year

1973

Principal Officer

Karen H Rogers

Main Address

800 EAST MOREHEAD STREET, CHARLOTTE, NC, 282024012

NTEE Category

Code: B11 - Education

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