Nonprofit · EIN 23-7270511
FUND ESTABLISHED BY WILL OF NANALINE H DUKE FOR DUKE UNIVERSIT
Tax-exempt · CHARLOTTE, NC 28202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,361,811 | $1,838,716 | $523,095 | $49,774,293 | $68,699 | $49,705,594 |
| December 31, 2023 | 990 | $1,797,444 | $1,834,684 | -$37,240 | $48,818,898 | $64,215 | $48,754,683 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $2,361,811
- Net gain from sales of assets
- $19,834
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,700,000
- Compensation of officers, directors and key employees
- $68,699
- Salaries, compensation and benefits (total)
- $68,699
- Professional fundraising fees
- $0
- Accounting fees
- $21,400
- Program services (functional)
- $1,700,000
- Management and general (functional)
- $138,716
Balance sheet and other
- Total assets, start of year
- $48,818,898
- Total assets, end of year
- $49,774,293
- Total liabilities, end of year
- $68,699
- Net assets, end of year
- $49,705,594
- Net assets with donor restrictions
- $49,705,594
- Gross unrelated business income
- -$88
- Gross receipts
- $2,361,811
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1973
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RHETT N MABRY | PRESIDENT Officer | 0.25 | $0 | $731,244 | $401,136 |
| KAREN H ROGERS | CFO, TREASURER & SECRETARY Officer | 0.25 | $0 | $417,566 | $100,740 |
| K TODD WALKER | DIRECTOR OF INVESTMENTS Highest-paid employee | 0.5 | $0 | $409,260 | $92,366 |
| WILLIAM F BACON | VP & DIRECTOR OF EVALUATION Officer | 0.25 | $0 | $408,781 | $88,714 |
| SUSAN L MCCONNELL | VP & DIR. OF HR Officer | 0.25 | $0 | $414,011 | $80,842 |
| LINWOOD HOLLOWELL | DIRECTOR OF HEALTH CARE Highest-paid employee | 0.5 | $0 | $347,353 | $76,823 |
| MEKA S SALES | DIRECTOR OF SI Highest-paid employee | 0.25 | $0 | $333,477 | $81,321 |
| ROBERT WEBB | DIRECTOR OF RURAL CHURCH Highest-paid employee | 0.25 | $0 | $346,086 | $63,327 |
| PHILLIP REDMOND JR | DIR OF CHILD & FAMILY WELL-BEING Highest-paid employee | 0.25 | $0 | $349,531 | $59,252 |
| CHARLES C LUCAS III | CHAIR Trustee or director, Officer | 0.5 | $4,684 | $191,048 | $5,725 |
| JEAN G SPAULDING | VICE CHAIR Trustee or director, Officer | 0.5 | $4,684 | $191,048 | $5,725 |
| MINOR M SHAW | TRUSTEE Trustee or director | 0.5 | $4,684 | $191,048 | $5,725 |
| CG NEWSOME | TRUSTEE Trustee or director | 0.5 | $4,684 | $191,048 | $5,725 |
| JUDY WOODRUFF | TRUSTEE Trustee or director | 0.5 | $4,684 | $191,048 | $5,725 |
| DENNIS M CAMPBELL | VICE CHAIR Trustee or director, Officer | 0.5 | $4,684 | $191,048 | $5,724 |
10 more people on this return
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| HARRIS DELOACH | TRUSTEE Trustee or director | 0.5 | $4,684 | $191,048 | $5,724 |
| TRENT JONES | TRUSTEE Trustee or director | 0.5 | $4,684 | $191,048 | $5,724 |
| CONSTANCE F GRAY | TRUSTEE (RETIRED ON 12/31/2024) Trustee or director | 0.5 | $4,684 | $191,048 | $5,724 |
| HONORABLE JUDGE ALLYSON K DUNCAN | TRUSTEE Trustee or director | 0.5 | $4,684 | $191,048 | $5,724 |
| WILLIAM BARNET III | TRUSTEE Trustee or director | 0.5 | $4,684 | $191,048 | $5,724 |
| PAMELA DAVIES | TRUSTEE Trustee or director | 0.5 | $4,684 | $191,048 | $5,724 |
| JACK CECIL | TRUSTEE Trustee or director | 0.5 | $4,684 | $191,048 | $5,724 |
| RAVENEL B CURRY III | TRUSTEE Trustee or director | 0.5 | $4,684 | $191,048 | $5,724 |
| KENNETH D WEEKS JR | TRUSTEE (RETIRED ON 5/31/2024) Trustee or director | 0.5 | $1,952 | $79,603 | $5,725 |
| CAMMIE R HAUPTFUHRER | TRUSTEE (ELECTED ON 10/8/2024) Trustee or director | 0.5 | $1,171 | $47,762 | $0 |
990 for the year ended December 31, 2023: 24 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RHETT N MABRY | PRESIDENT Officer | 0.25 | $0 | $706,832 | $268,493 |
| KAREN H ROGERS | CFO, TREASURER & SECRETARY Officer | 0.25 | $0 | $406,047 | $89,935 |
| K TODD WALKER | DIRECTOR OF INVESTMENTS Highest-paid employee | 0.5 | $0 | $395,458 | $81,585 |
| WILLIAM F BACON | VP & DIRECTOR OF EVALUATION Officer | 0.25 | $0 | $377,458 | $88,379 |
| SUSAN L MCCONNELL | VP & DIR. OF HR & HIGHER ED Officer | 0.25 | $0 | $404,502 | $60,790 |
| LINWOOD HOLLOWELL | DIRECTOR OF HEALTH CARE Highest-paid employee | 0.5 | $0 | $341,272 | $71,856 |
| PHILLIP REDMOND JR | DIR OF CHILD & FAMILY WELL-BEING Highest-paid employee | 0.25 | $0 | $346,619 | $57,631 |
| MEKA S SALES | DIRECTOR OF SI Highest-paid employee | 0.25 | $0 | $327,959 | $75,134 |
| ROBERT WEBB | DIRECTOR OF RURAL CHURCH Highest-paid employee | 0.25 | $0 | $344,798 | $57,905 |
| JEAN G SPAULDING | VICE CHAIR Trustee or director, Officer | 0.5 | $4,281 | $183,495 | $5,451 |
| CLARENCE G NEWSOME | TRUSTEE Trustee or director | 0.5 | $4,281 | $183,495 | $5,451 |
| MINOR M SHAW | TRUSTEE Trustee or director | 0.5 | $4,281 | $183,495 | $5,451 |
| KENNETH D WEEKS JR | TRUSTEE Trustee or director | 0.5 | $4,281 | $183,495 | $5,451 |
| JUDY WOODRUFF | TRUSTEE Trustee or director | 0.5 | $4,281 | $183,495 | $5,451 |
| CHARLES C LUCAS III | CHAIR Trustee or director, Officer | 0.5 | $4,281 | $183,495 | $5,450 |
| DENNIS M CAMPBELL | VICE CHAIR Trustee or director, Officer | 0.5 | $4,281 | $183,495 | $5,450 |
| WILLIAM BARNET III | TRUSTEE Trustee or director | 0.5 | $4,281 | $183,495 | $5,450 |
| JOHN FAV CECIL | TRUSTEE Trustee or director | 0.5 | $4,281 | $183,495 | $5,450 |
| RAVENEL B CURRY III | TRUSTEE Trustee or director | 0.5 | $4,281 | $183,495 | $5,450 |
| PAMELA L DAVIES | TRUSTEE Trustee or director | 0.5 | $4,281 | $183,495 | $5,450 |
| HARRIS E DELOACH JR | TRUSTEE Trustee or director | 0.5 | $4,281 | $183,495 | $5,450 |
| ALLYSON K DUNCAN | TRUSTEE Trustee or director | 0.5 | $4,281 | $183,495 | $5,450 |
| CONSTANCE F GRAY | TRUSTEE Trustee or director | 0.5 | $4,281 | $183,495 | $5,450 |
| J TRENT JONES | TRUSTEE Trustee or director | 0.5 | $4,281 | $183,495 | $5,450 |
Address and contacts
- Address (IRS master file)
- 800 E MOREHEAD ST, CHARLOTTE, NC 28202-2706
- In care of
- % KAREN H ROGERS
- Principal officer (990 for 2024)
- KAREN H ROGERS, 800 EAST MOREHEAD STREET, CHARLOTTE, NC 282024012
- Signed the 990
- KAREN H ROGERS, CFO AND TREASURER
- Phone
- (704) 376-0291
- Return prepared by
- GRANT THORNTON ADVISORS LLC
Mission
TO SUPPORT DUKE UNIVERSITY, AN INSTITUTION OF LEARNING IN DURHAM, N.C., TO BE USED BY IT FOR ITS HOSPITAL AND MEDICAL SCHOOL AND FOR FURTHERING AND PROMOTING MEDICAL RESEARCH AT SUCH HOSPITAL AND MEDICAL SCHOOL AND FOR THE GENERAL USE OF SAID DUKE UNIVERSITY.
Program accomplishments
- SEE SCHEDULE OITEM VIII OF THE WILL OF NANALINE H. DUKE, THE FUND'S GOVERNING INSTRUMENT, BEQUEATHED TO THE TRUSTEES OF THE DUKE ENDOWMENT, A CHARITABLE TRUST ESTABLISHED BY JAMES B. DUKE BY INDENTURE DATED DECEMBER 11, 1924, THE PRINCIPAL SUM NOW KNOWN AS THE FUND ESTABLISHED BY WILL OF NANALINE H. DUKE FOR DUKE UNIVERSITY. THEREFORE, THE TRUSTEES OF THE FUND ARE ALSO THE SAME AS THE TRUSTEES OF THE DUKE ENDOWMENT. THE OFFICERS OF THE FUND ARE ALSO THE SAME AS THE OFFICERS OF THE DUKE ENDOWMENT. THE ORGANIZATION FOR WHOSE BENEFIT THE FUND IS OPERATING IS DUKE UNIVERSITY, DURHAM, NORTH CAROLINA, AN ORGANIZATION DESCRIBED IN SECTION 509(A)(1). THE RELATIONSHIP BETWEEN THE FUND AND DUKE UNIVERSITY IS AS FOLLOWS: ITEM VIII OF THE WILL OF NANALINE H. DUKE, THE FUND'S GOVERNING INSTRUMENT, PROVIDES THAT INCOME AND PRINCIPAL BE PAID ONLY TO DUKE UNIVERSITY, TO BE USED FOR ITS HOSPITAL AND MEDICAL SCHOOL FOR GENERAL PURPOSES; THE FUND IS OPERATED IN CONNECTION WITH DUKE UNIVERSITY, PROVIDING SIGNIFICANT FINANCIAL AID FOR MAJOR CONSTRUCTION PROJECTS OF THE MEDICAL CENTER OF THE UNIVERSITY AND OTHER SUPPORT PROGRAMS; AND THE FUND IS NOT CONTROLLED DIRECTLY OR INDIRECTLY BY DISQUALIFIED PERSONS OTHER THAN FOUNDATION MANAGERS.Expenses $1,700,000 · grants $1,700,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7270511
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1973
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $49,774,293
- Income (IRS master file)
- $2,361,811
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,361,811 | $1,838,716 | $49,774,293 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $1,797,444 | $1,834,684 | $48,818,898 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $1,890,020 | $1,814,191 | $50,643,596 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7270511).
Questions about FUND ESTABLISHED BY WILL OF NANALINE H DUKE FOR DUKE UNIVERSIT
- What is the EIN of FUND ESTABLISHED BY WILL OF NANALINE H DUKE FOR DUKE UNIVERSIT?
- The employer identification number (EIN) of FUND ESTABLISHED BY WILL OF NANALINE H DUKE FOR DUKE UNIVERSIT is 23-7270511.
- Is FUND ESTABLISHED BY WILL OF NANALINE H DUKE FOR DUKE UNIVERSIT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1973.
- Are donations to FUND ESTABLISHED BY WILL OF NANALINE H DUKE FOR DUKE UNIVERSIT tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does FUND ESTABLISHED BY WILL OF NANALINE H DUKE FOR DUKE UNIVERSIT file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FUND ESTABLISHED BY WILL OF NANALINE H DUKE FOR DUKE UNIVERSIT due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FUND ESTABLISHED BY WILL OF NANALINE H DUKE FOR DUKE UNIVERSIT last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of FUND ESTABLISHED BY WILL OF NANALINE H DUKE FOR DUKE UNIVERSIT?
- The 990 for the year ended December 31, 2024 names KAREN H ROGERS.
- Who are the officers and directors of FUND ESTABLISHED BY WILL OF NANALINE H DUKE FOR DUKE UNIVERSIT?
- The 990 for the year ended December 31, 2024 lists 25 people; 16 received compensation from the organization.
- How much revenue does FUND ESTABLISHED BY WILL OF NANALINE H DUKE FOR DUKE UNIVERSIT have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,361,811, expenses of $1,838,716 and total assets of $49,774,293 at year end.
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