The Duke Endowment

Nonprofit profile at a glance

EIN
560529965
IRS 990-PF coverage
2019–2024
Forms available
Form 990-PF 2024, Form 990-T 2024
Location
Charlotte, NC, USA
Phone
7043760291
Rating
87
Verdict
STRONG
Rating confidence
Standard

Reported finances

Revenue
$370,592,635
Expenses
$301,842,921

Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.

Overview

Mission

The Duke Endowment is a nonprofit. Location: Charlotte, NC. EIN 560529965. Tax year 2024 Form 990-PF reports $371M revenue and $302M expenses.

What it reported funding in 2024

The foundation reported 480 grants totaling $251,218,558. The stated grant purposes included to develop a collaborative therapeutic model to address the mental health needs of youth in western north carolina., to establish a short-term inpatient treatment program to address acute mental health conditions among adolescent girls in western north carolina., and to expand a community network of care for the low-income, uninsured in pasquotank and surrounding counties., plus 362 other reported purposes.

Operating model

Revenue model
Investment-supported. 100% of the foundation's positive operating resources came from recurring investment income.
Distribution model
Grant intermediary. The foundation distributed 91% of its reported charitable disbursements as grants.
  • Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.

The verdict

STRONG - A large share of available resources goes to charitable grants and the filing identifies who received its grants. Assets provide a limited cushion relative to annual grants and the filing reports one or more activities that warrant closer review.

Rating breakdown

  • Grant Deployment: 100
  • Cost Efficiency: 83
  • Transparency: 100
  • Compliance: 90
  • Endowment Health: 25

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 100%; rating input score 100; 60th percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 83.2%; rating input score 83; 55th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 15 of 19 controls in place; rating input score 79
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Fail
    • Compensation paid to a disqualified person: Fail
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Fail
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Fail
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 10; rating input score 100

Endowment Health

  • Endowment-health comparison: 14.2; rating input score 25; 25th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: At least 100% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 25th percentile for endowment coverage
  • Consistency: 10 of 10 current checks pass
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 513 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Endowment Health: Endowment-health comparison scored 25/100.
  • Review — Compliance: Part VII-B activity disclosures: 4 of 19 not reported.