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Nonprofit · EIN 56-0532129

DUKE UNIVERSITY

Also known as CORPORATE TAX DEPARTMENT

Tax-exempt · DURHAM, NC 27705

Financials

$3.7B$3.8B2022$4.5B$4.1B2023$4.8B$4.4B2024
Revenue Expenses · by fiscal year end
Financials of DUKE UNIVERSITY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$4,754,345,666$4,350,043,942$404,301,724$22,131,922,809$4,608,079,402$17,523,843,407
June 30, 2024990$4,479,223,078$4,143,403,564$335,819,514$21,158,472,538$4,582,462,353$16,576,010,185
June 30, 2023990$3,747,197,275$3,840,261,811-$93,064,536$20,396,848,043$4,631,285,047$15,765,562,996
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$1,975,474,083
of which government grants
$1,096,468,780
Program service revenue
$1,479,979,763
Investment income
$1,146,576,952
Royalties
$97,152,279
Net rental income
$14,185,735
Net gain from sales of assets
$773,404,295
Net income from fundraising events
-$556,461
Other revenue
$152,314,868

Expenses

Grants and similar amounts paid
$518,261,261
Compensation of officers, directors and key employees
$21,054,072
Other salaries and wages
$1,944,558,770
Salaries, compensation and benefits (total)
$2,439,701,930
Professional fundraising fees
$2,537,566
Legal fees
$15,811,049
Accounting fees
$798,022
Occupancy
$121,234,603
Travel
$54,986,950
Depreciation
$267,809,488
Program services (functional)
$3,901,884,545
Management and general (functional)
$343,005,130
Fundraising (functional)
$105,154,267

Balance sheet and other

Total assets, start of year
$21,158,472,538
Total assets, end of year
$22,131,922,809
Total liabilities, end of year
$4,608,079,402
Net assets, end of year
$17,523,843,407
Land, buildings and equipment
$2,487,792,048
Publicly traded securities
$3,604,627,700
Net assets without donor restrictions
$7,932,976,430
Net assets with donor restrictions
$9,590,866,977
Gross unrelated business income
$6,944,965
Gross receipts
$4,783,146,190
Employees
32,100
Volunteers
15,837
Year formed
1841
State of legal domicile
NC

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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
NEAL F TRIPLETTCHIEF INVESTMENT OFFICER
Key employee
50$4,885,718$0$127,007
MANUEL DIAZCOACH
Highest-paid employee
40$4,171,974$0$119,221
JONATHAN COOK MDPHYSICIAN
Highest-paid employee
1.9$215,316$3,098,678$62,670
JENNIFER FRANCISPROFESSOR
Highest-paid employee
40$2,935,454$0$50,274
JONATHAN SCHEYERCOACH
Highest-paid employee
40$2,764,179$0$63,029
JOSEPH TUREK MDPHYSICIAN
Highest-paid employee
6.2$432,127$2,092,811$69,346
JUSTIN B NIXONINVESTMENT MANAGER
Key employee
40$1,921,010$0$360,745
EVAN L JONESINVESTMENT MANAGER
Key employee
40$1,925,902$0$345,870
VINCENT E PRICEPRESIDENT/TRUSTEE
Trustee or director, Officer
48$2,137,417$0$62,628
KAVITA NAYARINVESTMENT MANAGER
Key employee
40$1,614,964$0$284,915
MARY E KLOTMAN MDEVP FOR HEALTH AFFAIRS & DEAN OF SOM
Officer
49$1,522,644$0$58,317
DANIEL G ENNISEXECUTIVE VICE PRESIDENT
Officer
40$1,464,086$0$73,368
ALEC GALLIMOREPROVOST
Officer
50$1,081,866$53,500$76,763
JAMES SCOTT GIBSONEXEC VICE DEAN OF ADMIN, SOM
Key employee
55$987,123$0$73,226
GARY BENNETTDEAN, COLLEGE OF A & S
Key employee
60$729,880$0$65,729
42 more people on this return
NameTitleHours / weekCompensationOther / benefits
PAMELA J BERNARDPART YEAR VP & UNIVERSITY COUNSEL
Officer
55$702,209$60,737
RACHEL SATTERFIELDTREASURER & VP OF FINANCE
Officer
40$670,285$57,702
KIM TAYLORPART YEAR VP & UNIVERSITY COUNSEL
Officer
40$610,592$71,263
MOHAMED NOORFORMER KEY EMPLOYEE
Former
40$548,577$62,496
MARGARET W EPPSUNIVERSITY SECRETARY
Officer
50$521,815$56,621
JOHN J NOONANVP FOR FACILITIES
Key employee
40$499,153$71,105
GREGORY V PALMERTRUSTEE
Trustee or director
2$3,000$0
ADAM SILVERTRUSTEE
Trustee or director
6$0$0
AMY ABERNETHYTRUSTEE
Trustee or director
2$0$0
ANN PELHAMTRUSTEE
Trustee or director
2$0$0
CARMICHAEL S ROBERTS JRTRUSTEE
Trustee or director
1$0$0
DAVID S TAYLORTRUSTEE
Trustee or director
2$0$0
EDDY H CUETRUSTEE
Trustee or director
2$0$0
EDGAR VIRGUEZTRUSTEE
Trustee or director
2$0$0
EDWARD A GILHULYTRUSTEE
Trustee or director
4$0$0
GRANT H HILLTRUSTEE
Trustee or director
2$0$0
JB PRITZKERTRUSTEE
Trustee or director
1$0$0
JAMES C ZELTERTRUSTEE
Trustee or director
2$0$0
JEFFREY W UBBENTRUSTEE
Trustee or director
4$0$0
KAREN M KINGTRUSTEE
Trustee or director
2$0$0
KATHRYN A HOLLISTERTRUSTEE
Trustee or director
4$0$0
L FREDERICK SUTHERLANDTRUSTEE
Trustee or director
4$0$0
LAURENE M SPERLINGTRUSTEE
Trustee or director
6$0$0
LISA M BORDERSTRUSTEE
Trustee or director
4$0$0
MARY T BARRATRUSTEE
Trustee or director
6$0$0
MELISSA BERNSTEINTRUSTEE
Trustee or director
2$0$0
MICHAEL G RHODESTRUSTEE
Trustee or director
2$0$0
MICHAEL J BINGLETRUSTEE
Trustee or director
2$0$0
MICHAEL R STONETRUSTEE
Trustee or director
2$0$0
NANCY M SCHLICHTINGTRUSTEE
Trustee or director
2$0$0
NANCY-ANN DEPARLETRUSTEE
Trustee or director
2$0$0
PATRICIA RODERICK MORTONTRUSTEE
Trustee or director
4$0$0
ROBERT R PENNTRUSTEE
Trustee or director
2$0$0
SHARON MARCILTRUSTEE
Trustee or director
2$0$0
STEPHEN G PAGLIUCATRUSTEE
Trustee or director
1$0$0
SYDNEY HUNTTRUSTEE
Trustee or director
2$0$0
THOMAS H LISTERTRUSTEE
Trustee or director
2$0$0
TIMOTHY D COOKTRUSTEE
Trustee or director
2$0$0
VIKAS J PATELTRUSTEE
Trustee or director
2$0$0
WARREN LATTIMORETRUSTEE
Trustee or director
2$0$0
WILLIAM G KAELIN JRTRUSTEE
Trustee or director
2$0$0
XIQING GAOTRUSTEE
Trustee or director
2$0$0
990 for the year ended June 30, 2024: 54 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
NEAL F TRIPLETTCHIEF INVESTMENT OFFICER
Key employee
50$4,539,339$0$161,024
MICHAEL ELKOCOACH
Highest-paid employee
0$3,816,742$0$82,891
A EUGENE WASHINGTON MDCHANCELLOR EMERITUS FOR HEALTH AFFAIRS
Highest-paid employee
33$3,135,552$0$62,149
JONATHAN SCHEYERCOACH
Highest-paid employee
40$2,319,892$0$59,728
JUSTIN B NIXONINVESTMENT MANAGER
Key employee
40$1,657,940$0$312,916
EVAN L JONESINVESTMENT MANAGER
Key employee
40$1,662,265$0$299,768
VINCENT E PRICEPRESIDENT/TRUSTEE
Trustee or director, Officer
48$1,888,010$0$59,568
ANIL MADHOKCHIEF OPERATING OFFICER DUMAC
Highest-paid employee
40$1,591,560$0$296,062
GERALD GRANTCHAIR OF NEUROSURGERY DEPARTMENT
Highest-paid employee
40$1,766,482$0$74,880
KAVITA NAYARINVESTMENT MANAGER
Key employee
40$1,382,597$0$235,705
DANIEL G ENNISEXECUTIVE VICE PRESIDENT
Officer
40$1,352,969$0$74,880
MARY E KLOTMAN MDEXECUTIVE VICE PRESIDENT FOR HEALTH AFFAIRS & DEAN
Officer
44$1,372,322$0$55,122
JENNIFER FRANCISFORMER OFFICER
Former
40$980,832$26,750$55,506
GARY BENNETTDEAN, COLLEGE OF A & S
Key employee
60$965,991$0$58,829
JAMES SCOTT GIBSONEXEC VICE DEAN OF ADMIN, SOM
Key employee
55$867,451$0$68,548
PAMELA J BERNARDVP & UNIVERSITY COUNSEL
Officer
55$837,150$0$57,224
RACHEL SATTERFIELDTREASURER & VP FOR FINANCE
Officer
40$631,069$0$102,094
MOHAMED NOORFORMER KEY EMPLOYEE
Former
40$672,924$0$59,225
ALEC GALLIMOREPROVOST
Officer
50$590,015$13,375$58,837
JOHN J NOONANVP FOR FACILITIES
Key employee
40$470,987$0$67,038
MARGARET W EPPSUNIVERSITY SECRETARY
Officer
40$457,220$0$58,868
ADAM SILVERTRUSTEE
Trustee or director
6$0$0$0
ANN PELHAMTRUSTEE
Trustee or director
2$0$0$0
CARMICHAEL S ROBERTSTRUSTEE
Trustee or director
1$0$0$0
DAVID S TAYLORTRUSTEE
Trustee or director
2$0$0$0
DOHA ALITRUSTEE
Trustee or director
2$0$0$0
EDDY H CUETRUSTEE
Trustee or director
2$0$0$0
EDGAR VIRGUEZTRUSTEE
Trustee or director
2$0$0$0
EDWARD A GILHULYTRUSTEE
Trustee or director
4$0$0$0
GRANT H HILLTRUSTEE
Trustee or director
2$0$0$0
GREGORY V PALMERTRUSTEE
Trustee or director
2$0$0$0
JB PRITZKERTRUSTEE
Trustee or director
2$0$0$0
JAMES C ZELTERTRUSTEE
Trustee or director
2$0$0$0
JEFFREY W UBBENTRUSTEE
Trustee or director
4$0$0$0
KACIA A ANDERSONTRUSTEE
Trustee or director
2$0$0$0
KAREN M KINGTRUSTEE
Trustee or director
2$0$0$0
KATHRYN A HOLLISTERTRUSTEE
Trustee or director
4$0$0$0
L FREDERICK SUTHERLANDTRUSTEE
Trustee or director
2$0$0$0
LAURENE M SPERLINGTRUSTEE
Trustee or director
6$0$0$0
LISA M BORDERSTRUSTEE
Trustee or director
4$0$0$0
MARY T BARRATRUSTEE
Trustee or director
2$0$0$0
MICHAEL G RHODESTRUSTEE
Trustee or director
2$0$0$0
MICHAEL J BINGLETRUSTEE
Trustee or director
2$0$0$0
NANCY M SCHLICHTINGTRUSTEE
Trustee or director
2$0$0$0
NANCY-ANN DEPARLETRUSTEE
Trustee or director
2$0$0$0
ROBERT R PENNTRUSTEE
Trustee or director
2$0$0$0
SHARON MARCILTRUSTEE
Trustee or director
2$0$0$0
STEPHEN G PAGLIUCATRUSTEE
Trustee or director
1$0$0$0
THOMAS H LISTERTRUSTEE
Trustee or director
2$0$0$0
TIMOTHY D COOKTRUSTEE
Trustee or director
2$0$0$0
VIKAS J PATELTRUSTEE
Trustee or director
2$0$0$0
WILLIAM G KAELIN JRTRUSTEE
Trustee or director
2$0$0$0
XIQING GAOTRUSTEE
Trustee or director
2$0$0$0
PATRICIA RODERICK MORTONTRUSTEE
Trustee or director
4$0$0$0
990 for the year ended June 30, 2023: 62 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
MICHAEL W KRZYZEWSKICOACH
Highest-paid employee
40$8,364,652$0$618,456
DAVID N CUTCLIFFECOACH
Highest-paid employee
40$4,334,560$0$33,535
NEAL F TRIPLETTCHIEF INVESTMENT OFFICER
Key employee
40$4,191,717$0$100,820
MICHAEL ELKOCOACH
Highest-paid employee
40$3,843,212$0$80,271
A EUGENE WASHINGTON MDCHANCELLOR HEALTH AFFAIRS
Officer
33$3,142,252$0$51,351
WILLIAM J FULKERSON MDPROFESSOR
Highest-paid employee
56$1,763,663$0$43,312
VINCENT E PRICEPRESIDENT/TRUSTEE
Trustee or director, Officer
48$1,751,192$0$55,185
EVAN L JONESINVESTMENT MANAGER
Key employee
50$1,542,028$0$230,434
JUSTIN B NIXONINVESTMENT MANAGER
Key employee
40$1,518,911$0$241,791
JONATHAN SCHEYERCOACH
Highest-paid employee
40$1,665,386$0$42,928
MARK E CORIGLIANOINVESTMENT MANAGER
Key employee
50$1,232,608$0$231,249
DANIEL G ENNISEXECUTIVE VICE PRESIDENT
Officer
40$1,287,344$0$69,119
MARY E KLOTMAN MDVICE CHAN. FOR HEALTH AFFAIRS & DEAN OF SOM
Key employee
44$1,235,581$0$51,873
KAVITA NAYARINVESTMENT MANAGER
Key employee
40$1,031,804$0$180,904
SALLY KORNBLUTHPROVOST
Officer
61$932,669$43,500$49,629
JENNIFER FRANCISINTERIM PROVOST
Officer
80$944,968$0$51,457
JAMES SCOTT GIBSONEXEC VICE DEAN OF ADMIN, SOM
Key employee
55$854,623$0$63,399
PAMELA J BERNARDVP & UNIVERSITY COUNSEL
Officer
50$772,765$0$52,843
RACHEL SATTERFIELDTREASURER
Officer
40$511,235$0$50,257
JOHN J NOONANASSOCIATE VP OF FACILITIES
Key employee
50$449,176$0$66,009
GARY BENNETTPART YEAR DEAN, COLLEGE OF A & S
Key employee
54$413,061$0$57,295
MARGARET W EPPSUNIVERSITY SECRETARY
Officer
50$407,425$0$55,134
MOHAMED NOORINTERIM DEAN, COLLEGE OF A & S
Key employee
40$390,495$0$55,493
VICTORIA L NEVOISINTERIM TREASURER
Officer
40$362,006$0$45,270
VALERIE ASHBYPART YEAR DEAN, COLLEGE OF A & S
Key employee
40$358,800$0$40,971
RICHARD RIDDELLFORMER OFFICER
Former
40$192,040$0$40,835
JAMES S ROBERTSFORMER KEY EMPLOYEE
Former
40$108,912$0$15,463
ASHLEY CROWDER STANLEYTRUSTEE
Trustee or director
2$1,000$0$0
DOHA ALITRUSTEE
Trustee or director
2$0$0$0
MARY T BARRATRUSTEE
Trustee or director
2$0$0$0
MICHAEL J BINGLETRUSTEE
Trustee or director
2$0$0$0
LISA M BORDERSTRUSTEE
Trustee or director
4$0$0$0
TIMOTHY D COOKTRUSTEE
Trustee or director
2$0$0$0
EDDY H CUETRUSTEE
Trustee or director
2$0$0$0
NANCY-ANN DEPARLETRUSTEE
Trustee or director
2$0$0$0
XIQING GAOTRUSTEE
Trustee or director
2$0$0$0
EDWARD A GILHULYTRUSTEE
Trustee or director
4$0$0$0
MYCHAL D HARRISONTRUSTEE
Trustee or director
2$0$0$0
GERALD HASSELLTRUSTEE
Trustee or director
4$0$0$0
WILLIAM HAWKINSTRUSTEE
Trustee or director
6$0$0$0
GRANT H HILLTRUSTEE
Trustee or director
2$0$0$0
BETSY D HOLDENTRUSTEE
Trustee or director
4$0$0$0
KATHRYN A HOLLISTERTRUSTEE
Trustee or director
4$0$0$0
WILLIAM G KAELIN JRTRUSTEE
Trustee or director
2$0$0$0
KAREN M KINGTRUSTEE
Trustee or director
2$0$0$0
PATRICIA RODERICK MORTONTRUSTEE
Trustee or director
4$0$0$0
STEPHEN G PAGLIUCATRUSTEE
Trustee or director
1$0$0$0
GERARDO A PARRAGATRUSTEE
Trustee or director
2$0$0$0
ANN PELHAMTRUSTEE
Trustee or director
4$0$0$0
ROBERT R PENNTRUSTEE
Trustee or director
2$0$0$0
JB PRITZKERTRUSTEE
Trustee or director
2$0$0$0
MICHAEL G RHODESTRUSTEE
Trustee or director
2$0$0$0
CARMICHAEL S ROBERTSTRUSTEE
Trustee or director
1$0$0$0
NANCY M SCHLICHTINGTRUSTEE
Trustee or director
2$0$0$0
STEVEN M SCOTT MDTRUSTEE
Trustee or director
2$0$0$0
ADAM SILVERTRUSTEE
Trustee or director
6$0$0$0
LAURENE M SPERLINGTRUSTEE
Trustee or director
6$0$0$0
L FREDERICK SUTHERLANDTRUSTEE
Trustee or director
2$0$0$0
KELLY C TANGTRUSTEE
Trustee or director
2$0$0$0
JEFFREY W UBBENTRUSTEE
Trustee or director
2$0$0$0
HOPE MORGAN WARDTRUSTEE
Trustee or director
1$0$0$0
JAMES C ZELTERTRUSTEE
Trustee or director
2$0$0$0

Address and contacts

Address (IRS master file)
2200 W MAIN ST STE 300, DURHAM, NC 27705-4677
Mailing address (990-N for 2013)
316 Teer Building Box 90271, Durham NC 27708
Principal officer (990 for 2024)
VINCENT E PRICE, 2200 W MAIN STREET, DURHAM, NC 27705
Principal officer (990-N for 2013)
Victoria Png, 427 Towerview Dr PO 94128, Durham NC 27708
Signed the 990
RACHEL SATTERFIELD, TREASURER/VP FINANCE
Phone
(919) 684-2006

Mission

SEE SCHEDULE O

990 for the year ended June 30, 2025

Program accomplishments

  • DUKE UNIVERSITY CONFERS UNDERGRADUATE, GRADUATE, AND PROFESSIONALDEGREES TO APPROXIMATELY 6,818 STUDENTS ANNUALLY
    Expenses $2,237,395,261 · grants $456,829,617 · revenue $1,134,176,642
  • DUKE UNIVERSITY ENGAGES IN WORLD-RENOWNED RESEARCH WORKSPONSORED BY NUMEROUS FEDERAL, STATE, LOCAL AGENCIES, AND PRIVATE GRANTS
    Expenses $1,216,495,537 · grants $61,431,644 · revenue $1,497,060,511
  • DUKE UNIVERSITY AUXILIARY ENTERPRISES PROVIDE SUPPORTSERVICES TO THE DUKE UNIVERSITY COMMUNITY
    Expenses $447,993,747 · revenue $233,506,534

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
56-0532129
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1939
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B430)
Assets (IRS master file)
$22,131,922,809
Income (IRS master file)
$4,783,146,190

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$4,754,345,666$4,350,043,942$22,131,922,809IRS
990-TJune 2025–––IRS
990June 2024$4,479,223,078$4,143,403,564$21,158,472,538IRS
990-TJune 2024–––IRS
990June 2023$3,747,197,275$3,840,261,811$20,396,848,043XML
990-TJune 2023–––IRS
990June 2022$4,604,378,802$3,624,272,862$20,871,034,050IRS
990-TJune 2022–––IRS
990June 2021–––IRS
990-TJune 2021–––IRS
990June 2020–––IRS
990June 2018–––IRS
990-N for 2013
Officer: Victoria Png
June 30, 2014≤ $50,000 receipts––e-Postcard

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 56-0532129).

Questions about DUKE UNIVERSITY

What is the EIN of DUKE UNIVERSITY?
The employer identification number (EIN) of DUKE UNIVERSITY is 56-0532129.
Is DUKE UNIVERSITY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1939.
Are donations to DUKE UNIVERSITY tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does DUKE UNIVERSITY 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 DUKE UNIVERSITY due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did DUKE UNIVERSITY last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of DUKE UNIVERSITY?
The 990 for the year ended June 30, 2025 names VINCENT E PRICE.
Who are the officers and directors of DUKE UNIVERSITY?
The 990 for the year ended June 30, 2025 lists 57 people; 22 received compensation from the organization, the highest $4,885,718 (NEAL F TRIPLETT, CHIEF INVESTMENT OFFICER).
How much revenue does DUKE UNIVERSITY have?
On its 990 for the year ended June 30, 2025 it reported revenue of $4,754,345,666, expenses of $4,350,043,942 and total assets of $22,131,922,809 at year end.

Other nonprofits in DURHAM

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