Duke University

“Trustees janet hill and david m. Rubenstein are both directors of the carlyle group.”

“Of the 36 elected trustees for duke university, twelve are elected by the north carolina conference of the united methodist church and another twelve are elected by the western north carolinia conference of the united methodist church.”

“Duke university's draft form 990 is distributed to the audit committee of the university trustees in advance of the meeting. At the meeting, the duke university tax senior director, the person responsible for the preparation of the university's form 990, reviews the form 990 with the committee. The committee is offered an opportunity to ask questions both at the meeting and anytime thereafter by contacting the tax senior director or duke university's tax attorney, who is also involved with the preparation of duke university's form 990. Subsequently, a draft form 990 is distributed to the full board of trustees of the university prior to filing and in advance of a meeting. There is opportunity for the trustees to ask questions of the tax senior director and university counsel at the meeting or anytime thereafter.”

“The president, officers, and employees with administrative responsibilities shall exercise the utmost good faith in all transactions touching upon their duties to duke university and its property. In their dealings with and on behalf of the institution, they shall be held to a strict rule of honest and fair dealings between themselves and the university. They shall not use their positions, or knowledge gained therefrom, in such a way that a material conflict would arise between the interest of the university and that of the individual. Compliance is monitored with an annual survey. Identified conflicts are analyzed and managed accordingly.”

“The duke university compensation committee, comprised of members of the duke university board of trustees, reviews and approves all executive compensation for all disqualified persons and other key employees. Duke university has adopted a statement of compensation philosophy that articulates broad objectives to help guide the duke university compensation committee in its mission. The duke university compensation committee engages the services of an outside executive compensation consulting firm to establish comparability data of other universities of similar size and complexity as duke university. The duke university compensation committee reviews the market analysis then determines the reasonableness and appropriateness of all aspects of executive compensation. The deliberations and conclusions of the duke university compensation committee are kept by the university secretary who records the minutes of the committee meeting.”

“Duke university's form 990 is available to the public on www.guidestar.org. Guidestar independently posts tax-exempt organization's form 990's on their website, obtained from the internal revenue service.”

“Duke university's documents (articles of incorporation and any subsequent amendments or restatements) are available to the public on the north carolina secretary of state website. Duke university makes its organizing documents, conflict of interest policy, and financial statements available to the public on its website. Duke university's consolidated audited financial statements are located at https://finance.duke.edu/resources/docs/financial_reports.pdf”

“Organization's mission "james b. Duke's founding indenture of duke university directed the members of the university to 'provide real leadership in the educational world' by choosing individuals of 'outstanding character, ability, and vision' to serve as its officers, trustees and faculty; by carefully selecting students of 'character, determination and application; and by pursuing those areas of teaching and scholarship that would 'most help to develop our resources, increase our wisdom, and promote human happiness.' "to these ends, the mission of duke university is to provide a superior liberal education to undergraduate students, attending not only to their intellectual growth but also their development as adults committed to high ethical standards and full participation as leaders in their communities; to prepare future members of the learned professions for lives of skilled and ethical service by providing excellent graduate and professional education; to advance the frontiers of knowledge and contribute boldly to the international community of scholarship; to promote an intellectual environment built on a commitment to free and open inquiry; to help those who suffer, cure disease, and promote health, through sophisticated medical research and thoughtful patient care; to provide wide ranging educational opportunites, on and beyond our campuses, for traditional students, active professionals and life-long learners using the power of information technologies; and to promote a deep appreciation for the range of human difference and potential, a sense of the obligations and rewards of citizenship, and a commitment to learning, freedom and truth. "by pursuing these objectives with vision and integrity, duke university seeks to engage the mind, elevate the spirit, and stimulate the best effort of all who are associated with the university; to contribute in diverse ways to the local community, the state, the nation and the world; and to attain and maintain a place of real leadership in all that we do."”

“The organization did not have unrelated business gross income of $1,000 or more during the fiscal year ended june 30, 2015. Therefore, form 990-t is not required for the fiscal year ended june 30, 2015.”

“Changes related to noncontrolling int -1,122,052,544. Changes in perpetual trusts & split int agreements 21,900,850. Transfer from duhs 161,000,000. Nonperiodic change in benefit plans -12,806,403. Other changes -7,473,221.”