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The market value of the endowment's assets has grown to $3.69 billion in 2017. From 1924 to 2018, the endowment awarded over $3.7 billion in grants. [4] The Duke Endowment is a co-publisher, along with the North Carolina Institute of Medicine, of the North Carolina Medical Journal, a journal of health policy analysis and debate. [5]
Examples of these foundations include The Duke Endowment, the Robert A. Welch Foundation, and the Roy J. Carver Charitable Trust. In 2017, a federal endowment tax was enacted in the Tax Cuts and Jobs Act of 2017 in the form of an excise tax of 1.4% on institutions that have at least 500 tuition-paying students and net assets of at least ...
Duke spends more than $1 billion per year on research. [14] As of 2024, 16 Nobel laureates and 3 Turing Award winners have been affiliated with the university. Duke alumni also include 50 Rhodes Scholars. Duke is the alma mater of one president of the United States (Richard Nixon) and fourteen living billionaires, as of early 2020. [15]
In 1924, James B. Duke, the youngest son of Washington Duke, supported the vision of the then Trinity College President Dr. William Few and created the Duke Endowment with $40 million. The Duke Endowment then incorporated Trinity College into Duke University, named after James's father. [19] Later in her life, Mary Duke Semans would spend much ...
The Duke Endowment United States: Charlotte: $3.4 billion 1924 [18] 48 Realdania Denmark: Copenhagen: $3.2 billion €2.8 billion 2000 [44] 49 Cleveland Foundation United States: Cleveland: $2.8 billion 1914 [45] 50 Greater Kansas City Community Foundation United States: Kansas City: $2.7 billion 1978 [46] 51 Simons Foundation United States ...
In 1924, Washington Duke's son, James B. Duke, established The Duke Endowment, a $40 million (about $430 million in 2005 dollars) trust fund, some of which was to go to Trinity College. The president thus renamed the school Duke University, as a memorial to Washington Duke and his family. [2]
It is 210 feet (64 m) tall and 38 feet (12 m) square at its base. Like the rest of the edifice, its main body is constructed of stone from the Duke Quarry near Hillsborough, North Carolina, while its upper trimmings are of limestone from Bedford, Indiana. Housed in the tower is a 50-bell carillon, a gift from The Duke Endowment. The heaviest ...
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