Duke University is a 501(c)(3) educational institution located in Durham, North Carolina. Founded in 1841, the university operates as an independent nonprofit organization with tax-exempt status since June 1939. Duke serves approximately 13,000 undergraduate and graduate students and maintains a world-class faculty dedicated to expanding the frontiers of knowledge. The institution confers undergraduate, graduate, and professional degrees to approximately 6,743 students annually and operates auxiliary enterprises providing support services to the university community.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$21.2B
+3.7% YoY
Annual Giving
$4.2M
+13.3% YoY
Grant Count
78
+11.4% YoY
Avg Grant Size
$54K
+1.7% YoY
Mission & Focus Areas
Duke University's mission is to provide a superior liberal education, prepare future members of learned professions, advance the frontiers of knowledge, and help those who suffer, cure disease, and promote health.
The university engages in world-renowned research work sponsored by numerous federal, state, local agencies, and private grants. Primary program areas include:
- Undergraduate, graduate, and professional degree conferment
- World-renowned research activities
- Auxiliary enterprises supporting the university community
Grantmaking
Duke University makes research grants to external organizations. Recent grant activity includes:
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Fiscal Year 2024 (ending June 2024):
- Total Revenue: $4.48 billion
- Total Expenses: $4.14 billion
- Total Assets: $21.2 billion
- Number of Employees: 31,534
The university operates with significantly larger assets compared to other nonprofits in North Carolina and reports income substantially above average for nonprofits in the state.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $21,158,472,538 | $20,396,848,043 | $20,871,034,050 |
| Revenue | $4,479,223,078 | $3,747,197,275 | $4,604,378,802 |
| Expenses | $4,143,403,564 | $3,840,261,811 | $3,624,272,862 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $986,358,110 | $323,632,413 | $1,484,259,112 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Open Grants
2 open opportunities from Duke University
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ADAM SILVER | TRUSTEE | 6 | — |
| ANN PELHAM | TRUSTEE | 2 | — |
| CARMICHAEL S ROBERTS | TRUSTEE | 1 | — |
| DAVID S TAYLOR | TRUSTEE | 2 | — |
| DOHA ALI | TRUSTEE | 2 | — |
| EDDY H CUE | TRUSTEE | 2 | — |
| EDGAR VIRGUEZ | TRUSTEE | 2 | — |
| EDWARD A GILHULY | TRUSTEE | 4 | — |
| GRANT H HILL | TRUSTEE | 2 | — |
| GREGORY V PALMER | TRUSTEE | 2 | — |
| JB PRITZKER | TRUSTEE | 2 | — |
| JAMES C ZELTER | TRUSTEE | 2 | — |
| JEFFREY W UBBEN | TRUSTEE | 4 | — |
| KACIA A ANDERSON | TRUSTEE | 2 | — |
| KAREN M KING | TRUSTEE | 2 | — |
| KATHRYN A HOLLISTER | TRUSTEE | 4 | — |
| L FREDERICK SUTHERLAND | TRUSTEE | 2 | — |
| LAURENE M SPERLING | TRUSTEE | 6 | — |
| LISA M BORDERS | TRUSTEE | 4 | — |
| MARY T BARRA | TRUSTEE | 2 | — |
| MICHAEL G RHODES | TRUSTEE | 2 | — |
| MICHAEL J BINGLE | TRUSTEE | 2 | — |
| NANCY M SCHLICHTING | TRUSTEE | 2 | — |
| NANCY-ANN DEPARLE | TRUSTEE | 2 | — |
| ROBERT R PENN | TRUSTEE | 2 | — |
| SHARON MARCIL | TRUSTEE | 2 | — |
| STEPHEN G PAGLIUCA | TRUSTEE | 1 | — |
| THOMAS H LISTER | TRUSTEE | 2 | — |
| TIMOTHY D COOK | TRUSTEE | 2 | — |
| VIKAS J PATEL | TRUSTEE | 2 | — |
| VINCENT E PRICE | PRESIDENT/TRUSTEE | 48 | $1,888,010 |
| WILLIAM G KAELIN JR | TRUSTEE | 2 | — |
| XIQING GAO | TRUSTEE | 2 | — |
| PATRICIA RODERICK MORTON | TRUSTEE | 4 | — |
| ALEC GALLIMORE | PROVOST | 50 | $590,015 |
| DANIEL G ENNIS | EXECUTIVE VICE PRESIDENT | 40 | $1,352,969 |
| MARGARET W EPPS | UNIVERSITY SECRETARY | 40 | $457,220 |
| MARY E KLOTMAN MD | EXECUTIVE VICE PRESIDENT FOR HEALTH AFFAIRS & DEAN | 44 | $1,372,322 |
| PAMELA J BERNARD | VP & UNIVERSITY COUNSEL | 55 | $837,150 |
| RACHEL SATTERFIELD | TREASURER & VP FOR FINANCE | 40 | $631,069 |
| EVAN L JONES | INVESTMENT MANAGER | 40 | $1,662,265 |
| GARY BENNETT | DEAN, COLLEGE OF A & S | 60 | $965,991 |
| JAMES SCOTT GIBSON | EXEC VICE DEAN OF ADMIN, SOM | 55 | $867,451 |
| JOHN J NOONAN | VP FOR FACILITIES | 40 | $470,987 |
| JUSTIN B NIXON | INVESTMENT MANAGER | 40 | $1,657,940 |
| KAVITA NAYAR | INVESTMENT MANAGER | 40 | $1,382,597 |
| NEAL F TRIPLETT | CHIEF INVESTMENT OFFICER | 50 | $4,539,339 |
| A EUGENE WASHINGTON MD | CHANCELLOR EMERITUS FOR HEALTH AFFAIRS | 33 | $3,135,552 |
| ANIL MADHOK | CHIEF OPERATING OFFICER DUMAC | 40 | $1,591,560 |
| GERALD GRANT | CHAIR OF NEUROSURGERY DEPARTMENT | 40 | $1,766,482 |
| JONATHAN SCHEYER | COACH | 40 | $2,319,892 |
| MICHAEL ELKO | COACH | — | $3,816,742 |
| JENNIFER FRANCIS | FORMER OFFICER | 40 | $980,832 |
| MOHAMED NOOR | FORMER KEY EMPLOYEE | 40 | $672,924 |
Recent News & Activity
Recent developments and announcements
Duke University received a $10.5 million award to fund groundbreaking child and family policy research
An Award to Fund Groundbreaking Child and Family Policy Research | Duke TodayDuke Quantum Center was awarded an NSF grant to design a 256-qubit quantum computer
Duke Quantum Center Awarded NSF Grant to Design 256-Qubit Quantum ComputerDuke's Clinical and Translational Science Institute received a $69 million NIH grant for translational science
Duke's Clinical and Translational Science Institute receives $69 ...Duke University received an $8 million award to advance interdisciplinary Ph.D. training
Duke University Receives $10.5 Million to Fund Groundbreaking Child andSubject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
The Hillbrook Gkp Iii Foundation Inc
GREENSBORO, NC
Assets
$32K
Grants
1
Total Given
$2K
Rotary Club of Salisbury Charities
SALISBURY, NC
Assets
$39K
Grants
1
Total Given
$50K
Ihope Foundation
GREENSBORO, NC
Assets
$10K
Grants
1
Total Given
$20K
Orange County Partnership for Young
HILLSBOROUGH, NC
Assets
$477K
Grants
18
Total Given
$2.1M
North Carolina Baptist Hospital
WINSTONSALEM, NC
Assets
$2.8B
Grants
17
Total Given
$634K
Waterfowl Foundation
COLUMBIA, NC
Assets
$16K
Grants
0
Total Given
—
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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