Nonprofit · EIN 56-0529965
DUKE ENDOWMENT
Tax-exempt · CHARLOTTE, NC 28202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $370,592,635 | $301,842,921 | $68,749,714 | $3,567,263,777 | $91,347,894 | $3,475,915,883 |
| December 31, 2023 | 990-PF | $142,024,971 | $254,434,115 | -$112,409,144 | $3,502,993,986 | $116,726,315 | $3,386,267,671 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $100,799,619
- Net gain from sales of assets
- $269,793,016
Expenses
- Grants and similar amounts paid
- $251,218,558
- Compensation of officers, directors and key employees
- $5,530,936
- Salaries, compensation and benefits (total)
- $7,360,323
- Disbursements for charitable purposes
- $276,183,294
- Excise tax on investment income
- $3,897,494
Balance sheet and other
- Total assets, start of year
- $3,502,993,986
- Total assets, end of year
- $3,567,263,777
- Total liabilities, end of year
- $91,347,894
- Net assets, end of year
- $3,475,915,883
- Fair market value of assets
- $5,020,065,655
- Qualifying distributions
- $276,183,294
- Net investment income
- $429,203,672
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RHETT N MABRY 800 EAST MOREHEAD STREET, CHARLOTTE, NC 28202 | PRESIDENT | 40 | $731,243 | $399,579 |
| KAREN H ROGERS 800 EAST MOREHEAD STREET, CHARLOTTE, NC 28202 | CFO, TREASURER AND SEC. | 40 | $417,566 | $99,182 |
| SUSAN L MCCONNELL 800 EAST MOREHEAD STREET, CHARLOTTE, NC 28202 | VP & DIR. OF HUMAN RESOURCES | 40 | $414,010 | $79,285 |
| K TODD WALKER 800 EAST MOREHEAD STREET, CHARLOTTE, NC 282022706 | DIR. OF INVESTMENTS Highest-paid employee | 40 | $409,260 | $92,366 |
| WILLIAM F BACON 800 EAST MOREHEAD STREET, CHARLOTTE, NC 28202 | VP & DIRECTOR OF EVALUATION | 40 | $408,782 | $87,157 |
| PHILLIP REDMOND JR 800 E MOREHEAD ST, CHARLOTTE, NC 282022706 | DIR. OF CHILD CARE & Highest-paid employee | 40 | $349,530 | $59,252 |
| LINWOOD HOLLOWELL 800 E MOREHEAD ST, CHARLOTTE, NC 282022706 | DIR. OF HEALTH CARE Highest-paid employee | 40 | $347,353 | $76,823 |
| ROBERT WEBB 800 EAST MOREHEAD STREET, CHARLOTTE, NC 282022706 | DIR. OF RURAL CHURCH Highest-paid employee | 40 | $346,085 | $63,327 |
| MEKA SALES 800 EAST MOREHEAD STREET, CHARLOTTE, NC 282022706 | DIR. OF SPECIAL INIT Highest-paid employee | 40 | $333,477 | $81,321 |
| WILLIAM BARNET III 800 EAST MOREHEAD STREET, CHARLOTTE, NC 28202 | TRUSTEE | 5.5 | $191,048 | $0 |
| DENNIS M CAMPBELL 800 EAST MOREHEAD STREET, CHARLOTTE, NC 28202 | TRUSTEE/VICE-CHAIR | 5.5 | $191,048 | $0 |
| JOHN FAV CECIL 800 EAST MOREHEAD STREET, CHARLOTTE, NC 28202 | TRUSTEE | 5.5 | $191,048 | $0 |
| RAVENEL B CURRY III 800 EAST MOREHEAD STREET, CHARLOTTE, NC 28202 | TRUSTEE | 5.5 | $191,048 | $0 |
| PAMELA DAVIES 800 EAST MOREHEAD STREET, CHARLOTTE, NC 28202 | TRUSTEE | 5.5 | $191,048 | $0 |
| HARRIS E DELOACH JR 800 EAST MOREHEAD STREET, CHARLOTTE, NC 28202 | TRUSTEE | 5.5 | $191,048 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALLYSON K DUNCAN 800 EAST MOREHEAD STREET, CHARLOTTE, NC 28202 | TRUSTEE | 5.5 | $191,048 |
| CONSTANCE F GRAY 800 EAST MOREHEAD STREET, CHARLOTTE, NC 28202 | TRUSTEE (RETIRED ON 12/31/2024) | 5.5 | $191,048 |
| J TRENT JONES 800 EAST MOREHEAD STREET, CHARLOTTE, NC 28202 | TRUSTEE | 5.5 | $191,048 |
| CHARLES C LUCAS III 800 EAST MOREHEAD STREET, CHARLOTTE, NC 28202 | TRUSTEE/CHAIR | 10 | $191,048 |
| CLARENCE G NEWSOME 800 EAST MOREHEAD STREET, CHARLOTTE, NC 28202 | TRUSTEE | 5.5 | $191,048 |
| MINOR M SHAW 800 EAST MOREHEAD STREET, CHARLOTTE, NC 28202 | TRUSTEE | 5.5 | $191,048 |
| JEAN G SPAULDING 800 EAST MOREHEAD STREET, CHARLOTTE, NC 28202 | TRUSTEE/VICE-CHAIR | 5.5 | $191,048 |
| JUDY WOODRUFF 800 EAST MOREHEAD STREET, CHARLOTTE, NC 28202 | TRUSTEE | 5.5 | $191,048 |
| KENNETH D WEEKS JR 800 EAST MOREHEAD STREET, CHARLOTTE, NC 28202 | TRUSTEE (RETIRED ON 5/31/2024) | 5.5 | $79,603 |
| CAMMIE R HAUPTFUHRER 800 EAST MOREHEAD STREET, CHARLOTTE, NC 28202 | TRUSTEE (ELECTED ON 10/08/2024) | 5.5 | $47,762 |
| SEE STMT 19 PART VII EXPLANATION FOR ADDITIONAL INFORMATION, CHARLOTTE, NC 28202 | N/A | 0 | $0 |
990-PF for the year ended December 31, 2023: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RHETT N MABRY 800 EAST MOREHEAD STREET, CHARLOTTE, NC 28202 | PRESIDENT | 40 | $706,831 | $267,045 |
| KAREN H ROGERS 800 EAST MOREHEAD STREET, CHARLOTTE, NC 28202 | CFO, TREASURER AND SEC. | 40 | $406,047 | $88,487 |
| SUSAN L MCCONNELL 800 EAST MOREHEAD STREET, CHARLOTTE, NC 28202 | VP & DIR. OF HUMAN RESOURCES | 40 | $404,512 | $59,342 |
| K TODD WALKER 800 EAST MOREHEAD STREET, CHARLOTTE, NC 282022706 | DIR. OF INVESTMENTS Highest-paid employee | 40 | $395,458 | $81,585 |
| WILLIAM F BACON 800 EAST MOREHEAD STREET, CHARLOTTE, NC 28202 | VP & DIRECTOR OF EVALUATION | 40 | $377,458 | $86,932 |
| PHILLIP REDMOND JR 800 E MOREHEAD ST, CHARLOTTE, NC 28202 | DIR. OF CHILD CARE & Highest-paid employee | 40 | $346,619 | $57,631 |
| ROBERT WEBB 800 EAST MOREHEAD STREET, CHARLOTTE, NC 282022706 | DIR. OF RURAL CHURCH Highest-paid employee | 40 | $344,799 | $57,905 |
| LINWOOD HOLLOWELL 800 E MOREHEAD ST, CHARLOTTE, NC 282022706 | DIR. OF HEALTH CARE Highest-paid employee | 40 | $341,272 | $71,857 |
| MEKA SALES 800 EAST MOREHEAD STREET, CHARLOTTE, NC 282022706 | DIR. OF SPECIAL INIT Highest-paid employee | 40 | $327,959 | $75,134 |
| WILLIAM BARNET III 800 EAST MOREHEAD STREET, CHARLOTTE, NC 28202 | TRUSTEE | 5.5 | $183,495 | $0 |
| DENNIS M CAMPBELL 800 EAST MOREHEAD STREET, CHARLOTTE, NC 28202 | TRUSTEE/VICE-CHAIR | 5.5 | $183,495 | $0 |
| JOHN FAV CECIL 800 EAST MOREHEAD STREET, CHARLOTTE, NC 28202 | TRUSTEE | 5.5 | $183,495 | $0 |
| RAVENEL B CURRY III 800 EAST MOREHEAD STREET, CHARLOTTE, NC 28202 | TRUSTEE | 5.5 | $183,495 | $0 |
| PAMELA DAVIES 800 EAST MOREHEAD STREET, CHARLOTTE, NC 28202 | TRUSTEE | 5.5 | $183,495 | $0 |
| HARRIS E DELOACH JR 800 EAST MOREHEAD STREET, CHARLOTTE, NC 28202 | TRUSTEE | 5.5 | $183,495 | $0 |
| ALLYSON K DUNCAN 800 EAST MOREHEAD STREET, CHARLOTTE, NC 28202 | TRUSTEE | 5.5 | $183,495 | $0 |
| CONSTANCE F GRAY 800 EAST MOREHEAD STREET, CHARLOTTE, NC 28202 | TRUSTEE | 5.5 | $183,495 | $0 |
| J TRENT JONES 800 EAST MOREHEAD STREET, CHARLOTTE, NC 28202 | TRUSTEE | 5.5 | $183,495 | $0 |
| CHARLES C LUCAS III 800 EAST MOREHEAD STREET, CHARLOTTE, NC 28202 | TRUSTEE/CHAIR | 10 | $183,495 | $0 |
| CLARENCE G NEWSOME 800 EAST MOREHEAD STREET, CHARLOTTE, NC 28202 | TRUSTEE | 5.5 | $183,495 | $0 |
| MINOR M SHAW 800 EAST MOREHEAD STREET, CHARLOTTE, NC 28202 | TRUSTEE | 5.5 | $183,495 | $0 |
| JEAN G SPAULDING 800 EAST MOREHEAD STREET, CHARLOTTE, NC 28202 | TRUSTEE/VICE-CHAIR | 5.5 | $183,495 | $0 |
| KENNETH D WEEKS JR 800 EAST MOREHEAD STREET, CHARLOTTE, NC 28202 | TRUSTEE | 5.5 | $183,495 | $0 |
| JUDY WOODRUFF 800 EAST MOREHEAD STREET, CHARLOTTE, NC 28202 | TRUSTEE | 5.5 | $183,495 | $0 |
| SEE STMT 20 PART VII EXPLANATION FOR ADDITIONAL INFORMATION, CHARLOTTE, NC 28202 | N/A | 0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 800 E MOREHEAD ST, CHARLOTTE, NC 28202-2706
- In care of
- % KAREN H ROGERS TREASURER
- Signed the 990-PF
- KAREN H ROGERS, CFO/TREASURER
- Phone
- (704) 376-0291
- Website
- WWW.DUKEENDOWMENT.ORG
- Return prepared by
- GRANT THORNTON ADVISORS LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 56-0529965
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1938
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $3,567,263,777
- Income (IRS master file)
- $1,721,841,340
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $370,592,635 | $301,842,921 | $3,567,263,777 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $142,024,971 | $254,434,115 | $3,502,993,986 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | 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 56-0529965).
Questions about DUKE ENDOWMENT
- What is the EIN of DUKE ENDOWMENT?
- The employer identification number (EIN) of DUKE ENDOWMENT is 56-0529965.
- Is DUKE ENDOWMENT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1938.
- Are donations to DUKE ENDOWMENT tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does DUKE ENDOWMENT file?
- Form 990-PF. Private foundations file every year.
- When is the next return of DUKE ENDOWMENT 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 DUKE ENDOWMENT last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of DUKE ENDOWMENT?
- The 990-PF for the year ended December 31, 2024 lists 26 people; 25 received compensation from the organization, the highest $731,243 (RHETT N MABRY, PRESIDENT).
- How much revenue does DUKE ENDOWMENT have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $370,592,635, expenses of $301,842,921 and total assets of $3,567,263,777 at year end.
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