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    The Duke Endowment
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    2024 ANNUAL REPORT

    FROM OUR LEADERS Up Next: A Second Century of Philanthropy

    Rhett N. Mabry
    Charles C. Lucas III
    Rhett N. Mabry Signature

    Rhett N. Mabry

    PRESIDENT Read the Full Letter
    Charles C. Lucas III Signature

    Charles C. Lucas III

    BOARD CHAIR Read the Full Letter
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    Grantee Stories

    Empowering Innovation

    EMPOWERING INNOVATION

    Duke University

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    EMPOWERING INNOVATION

    DUKE UNIVERSITY

    Artificial intelligence (AI), machine learning and other generative tools are emerging so rapidly that they sometimes rewire our lives, work and relationships before we fully grasp the implications. Three noted Duke University researchers are probing these new technologies and tackling important issues related to privacy, safety and environmental sustainability in the age of AI.

    Advanced Technology with a Human Touch

    Advanced Technology with a Human Touch

    Read the Full Story
    AI Hardware With People-Centered Design

    AI Hardware With People-Centered Design

    Read the Full Story
    A Conversation on Privacy, AI, and the Human Side of Technology

    A Conversation on Privacy, AI, and the Human Side of Technology

    Read the Full Story

    Grantmaking

    THE NEXT $5B

    Since its inception in 1924, The Duke Endowment has awarded more than $5 billion to organizations that enrich lives and strengthen communities across the Carolinas. In 2024, as our centennial year concluded, we unveiled plans for the next $5 billion in grantmaking.

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    Annual Grantmaking

    Financials

    Total Net Assets (IN $BILLIONS)

    Financials chart

    In addition to his initial gift of $40 million, our founder, James B. Duke, left another $67 million to the Endowment after his death in 1925. Since then, the assets of The Duke Endowment have grown to more than $5 billion.

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    Leadership

    Trustees Staff

    Centennial Highlights

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    CELEBRATING A CENTURY OF PARTNERSHIP, SERVICE AND IMPACT

    2024 was a year of reflection and connection. As we marked 100 years since James B. Duke signed the Indenture of Trust that launched The Endowment, we found special ways to engage with the partners and communities that his vision has touched over the past century:

    Traveling exhibit hosted at 12 community organizations.

    Seventeen grantee celebrations in communities across the Carolinas.

    More than 75 narratives highlighting the work and impact of grantees.

    At least 12 centennial presentations and talks given to civic groups or community organizations.

    Many thanks to all of the grantees working to improve lives in the Carolinas, and here’s to what’s next!

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