Duke University
91% goes to programs $5 to raise $100 Strong reserves
Duke University is a 501(c)(3) organization based in Durham, North Carolina, registered in 1939, with $4,479,223,078 in FY2023 revenue. CharityIndex grades it A, and it directs about 91% of spending to programs.
2200 W Main St Ste 300, Durham, NC, 27705 EIN 56-0532129 Since 1939
Revenue (FY2023)
$4.5B
▲ 19.5% vs prior year
Education median: $200K
Expenses (FY2023)
$4.1B
Net assets
$16.6B
Employees
31,534
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating91% to programs · $5 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Duke University: 91% to programs · $5 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating48 mo reserves · +7% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Duke University: 48 mo reserves · +7% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Duke University: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Duke University: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To provide a superior liberal education, to prepare future members of learned professions, to advance the frontiers of knowledge, and to help those who suffer, cure disease, and promote health
What they do
Duke university engages in world-renowned research worksponsored by numerous federal, state, local agencies, and private grants
Duke university auxiliary enterprises provide supportservices to the duke university community
Contact & location
- Address
- 2200 W Main St Ste 300, Durham, NC, 27705
- City
- Durham
- State
- North Carolina
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $3.1B (FY2013) to $4.5B (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $4.6BNet assets $16.6B
Operating margin
7.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$21.2B
Total liabilities
$4.6B
Net assets
$16.6B
Salaries & benefits
$2.3B
56% of expenses
Board members
34
31 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $4,479,223,078▲19.5% | $4,143,403,564▲7.9% | $16,576,010,185▲5.1% | $21,158,472,538▲3.7% | 990 |
| 2022 | $3,747,197,275▼18.6% | $3,840,261,811▲6.0% | $15,765,562,996▼2.4% | $20,396,848,043▼2.3% | 990 |
| 2021 | $4,604,378,802▼2.0% | $3,624,272,862▲10.8% | $16,154,476,836▼2.4% | $20,871,034,050▼2.6% | 990 |
| 2020 | $4,700,604,083▲47.1% | $3,270,558,153▼4.2% | $16,549,823,301▲52.1% | $21,418,812,041▲35.5% | 990 |
| 2019 | $3,194,489,301▼3.3% | $3,412,594,625▲1.7% | $10,881,439,224▼5.2% | $15,807,758,924▲5.7% | 990 |
| 2018 | $3,302,826,991▼2.3% | $3,354,786,675▲4.6% | $11,481,283,733▲0.8% | $14,959,910,895▲2.1% | 990 |
| 2017 | $3,380,471,454▲7.3% | $3,207,381,976▲6.4% | $11,384,952,617▲8.5% | $14,655,049,117▲6.3% | 990 |
| 2016 | $3,150,208,331▲13.1% | $3,015,264,354▲5.3% | $10,493,123,360▲9.4% | $13,782,414,345▲9.4% | 990 |
| 2015 | $2,786,082,190▼8.2% | $2,862,714,633▲4.2% | $9,590,624,796▼2.3% | $12,594,506,113▲1.8% | 990 |
| 2014 | $3,035,099,104▼0.8% | $2,746,184,349▲3.4% | $9,813,335,137▼8.1% | $12,368,118,493▼5.6% | 990 |
| 2013 | $3,060,702,524 | $2,656,981,842▲3.5% | $10,673,555,431▲16.5% | $13,105,945,107▲15.2% | 990 |
| 2012 | — | $2,567,305,807▲2.8% | $9,161,970,865▲15.6% | $11,376,610,214▲11.5% | 990 |
| 2011 | — | $2,497,823,968▼0.6% | $7,925,296,559▼2.8% | $10,201,759,923▼1.9% | 990 |
| 2010 | — | $2,514,063,483▲7.1% | $8,155,389,953▲27.2% | $10,394,643,684▲10.8% | 990 |
| 2009 | — | $2,346,517,174 | $6,409,060,632 | $9,378,030,720 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Neal F Triplett — $4,539,339 (0.11% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Neal F Triplett | Chief Investment Officer | 50 | $4,539,339 |
| Michael Elko | Coach | 0 | $3,816,742 |
| A Eugene Washington Md | Chancellor Emeritus For Health Affairs | 33 | $3,135,552 |
| Jonathan Scheyer | Coach | 40 | $2,319,892 |
| Vincent E Price | President/trustee | 48 | $1,888,010 |
| Gerald Grant | Chair of Neurosurgery Department | 40 | $1,766,482 |
| Evan L Jones | Investment Manager | 40 | $1,662,265 |
| Justin B Nixon | Investment Manager | 40 | $1,657,940 |
| Anil Madhok | Chief Operating Officer Dumac | 40 | $1,591,560 |
| Kavita Nayar | Investment Manager | 40 | $1,382,597 |
| Mary E Klotman Md | Executive Vice President For Health Affairs & Dean | 44 | $1,372,322 |
| Daniel G Ennis | Executive Vice President | 40 | $1,352,969 |
| Jennifer Francis | Former Officer | 40 | $980,832 |
| Gary Bennett | Dean, College of A & S | 60 | $965,991 |
| James Scott Gibson | Exec Vice Dean of Admin, Som | 55 | $867,451 |
| Pamela J Bernard | Vp & University Counsel | 55 | $837,150 |
| Mohamed Noor | Former Key Employee | 40 | $672,924 |
| Rachel Satterfield | Treasurer & Vp For Finance | 40 | $631,069 |
| Alec Gallimore | Provost | 50 | $590,015 |
| John J Noonan | Vp For Facilities | 40 | $470,987 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Fortrea Inc | Sponsored Research | $23,134,657 |
| Unc-ch Ofc of Sponsored Research | Sponsored Research | $19,229,314 |
| Allegis Group Holding Inc | Temporary Services | $16,736,417 |
| Gallagher Affinity Insurance Service | Insurance Services | $16,698,862 |
| Lechase Construction Services LLC | Construction Services | $15,589,872 |
Grants received · $15.2B total
1,988 grants to Duke University totaling $15.2B, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Foundation For the Carolinas | Charitable gift | 2024 | $13,005,000 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2024 | $5,202,315 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $4,197,334 |
| Foundation For the Carolinas | Charitable gift | 2024 | $3,993,000 |
| American Heart Association Inc | Research | 2024 | $3,316,966 |
| Michael J Fox Foundation For Parkinsons Research | Parkinson's research | 2024 | $3,146,186 |
| Ayco Charitable Foundation | Education | 2024 | $2,396,050 |
| The V Foundation | Cancer research | 2024 | $2,255,000 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $1,413,930 |
| American Endowment Foundation | Educational | 2024 | $1,314,628 |
| Silicon Valley Community Foundation | Education | 2024 | $1,295,846 |
| The Community Foundation For Greater Atlanta Inc | Education | 2024 | $1,125,000 |
| Foundation For the Carolinas | Charitable gift | 2024 | $1,000,000 |
| The V Foundation | Cancer research | 2024 | $1,000,000 |
| Alzheimers Disease and Related Disorders Association Inc | Program support | 2024 | $983,131 |
Grants made · $4.5M in FY2023
82 grants totaling $4.5M in FY2023 — showing the 15 largest. All grants made by Duke University →
| Recipient | Purpose | Amount |
|---|---|---|
| Pacific Pediatric Neuro-oncology Consortium Foundati | Research gift | $621,013 |
| Durham Technical Community College | General support | $579,488 |
| Unc Health Foundation Inc | Research gift | $500,000 |
| Dana-farber Cancer Institute | Research gift | $291,452 |
| Public Library of Charlotte & | General support | $290,000 |
| Mass General Brigham Incorporated | Research gift | $253,726 |
| Emily Krzyzewski Center Inc | General support | $222,067 |
| Western North Carolina Annual Conference of the United Methodist | General support | $188,892 |
| Triangle Residential Options For Substance Abusers Inc | General support | $155,310 |
| The Board of Trustees of the Leland Stanford Junior University | Research gift | $149,452 |
| National Humanities Center | General support | $100,000 |
| Nc State University | General support | $95,786 |
| God First People Second Full Gospel Church | General support | $76,425 |
| Trustees of Columbia University | General support | $50,000 |
| President & Trustees of Colby College | General support | $37,500 |
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Frequently asked questions
- Is Duke University a legitimate nonprofit?
- Yes. Duke University is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-0532129, based in Durham, North Carolina. Donations are tax-deductible.
- What is Duke University's EIN?
- Duke University's Employer Identification Number (EIN) is 56-0532129.
- How much revenue does Duke University report?
- Duke University reported $4,479,223,078 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Duke University's spending goes to programs?
- Duke University spends about 91% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Duke University have?
- CharityIndex grades Duke University A, based on program efficiency and fundraising cost.
- How much does Duke University's highest-paid employee make?
- The highest reported compensation on Duke University's latest Form 990 is $4,539,339, paid to Neal F Triplett (Chief Investment Officer).
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Data for Duke University (EIN 56-0532129) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.