Overview
What is Duke Gift Properties Inc?
Duke Gift Properties Inc is a nonprofit organization located at 324 Blackwell Street, Washington Building 85, Durham, NC 27701. Its primary purpose is to support Duke University by acquiring and retaining both real and personal property, with the funds used exclusively for the benefit of the university and related entities. The organization's mission is to receive gifts, manage investments, and utilize these resources to enhance Duke University's capabilities and initiatives.
Is Duke Gift Properties Inc legitimate?
Duke Gift Properties Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Duke Gift Properties Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Duke Gift Properties Inc?
Duke Gift Properties Inc. is established with the mission to support Duke University by receiving and managing funds. This organization receives gifts and acquires or retains properties exclusively for the benefit of Duke University and related entities. The primary objective is to invest and utilize these funds solely for the advantage of Duke University. The acquired properties, whether real or personal, are held and managed for the welfare and betterment of the university.
Who is the CEO of Duke Gift Properties Inc?
Michael C Sholtz is the Director of Duke Gift Properties Inc.
What is the revenue of Duke Gift Properties Inc?
Duke Gift Properties Inc's revenue in 2022 was $762,200.
Who are the executives of Duke Gift Properties Inc and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $503,180
- Other: $47,865
- Compensation: $0
- Related: $389,008
- Other: $65,987
- Compensation: $0
- Related: $394,246
- Other: $51,903
- Compensation: $0
- Related: $251,905
- Other: $58,220
- Compensation: $0
- Related: $83,266
- Other: $38,818
- Compensation: $0
- Related: $500,663
- Other: $31,497
Where can I find the form 990 for Duke Gift Properties Inc?
Duke Gift Properties Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Duke Gift Properties Inc
Duke Gift Properties Inc, as a nonprofit organization, is dedicated to supporting Duke University by acquiring and retaining funds, investments, and properties exclusively for its benefit and related entities. The primary objective of Duke Gift Properties Inc is to acquire and retain real or personal property, with the sole purpose of benefiting Duke University. The organization's mission is to ensure that the funds and properties it manages are utilized effectively and efficiently for the betterment of Duke University.
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Impact
October, 2024
Duke Gift Properties Inc plays a vital role in supporting and enhancing the mission of Duke University. By acquiring and retaining real and personal property, the organization helps secure valuable assets that can be utilized for the institution's benefit. This strategic approach ensures that Duke University has the resources it needs to thrive, including investment funds that can be allocated to various initiatives and programs.
The organization's focus on receiving gifts further strengthens the financial foundation of Duke University, enabling it to support educational endeavors, research, and community engagement. By effectively managing and administering these assets, Duke Gift Properties Inc ensures that the university can continue to deliver high-quality education and maintain its status as a leading institution. In essence, its impact is reflected in the sustained growth and development of Duke University and its related entities, fostering a vibrant academic environment.
This information is meant to be a general summary of Duke Gift Properties Inc. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$66,800
- Gross Receipts: $1,460,000
Assets and Liabilities:
- Total Assets: $1,568,068
- Total Liabilities: $0
- Net Assets: $1,568,068
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Organization Details
Founding Year
2004
Phone
(919) 684-2006Principal Officer
Michael C Sholtz
Main Address
324 BLACKWELL ST WASHIN BLDG 85, DURHAM, NC, 27701
NTEE Category
Code: B114 - Education
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