Durham Realty Inc

“The members of the board of directors of durham realty, inc., shall be elected or appointed, and subject to removal by the board of trustees of duke university.”

“Decisions of the governing body are subject to approval by the board of trustees of duke university.”

“Durham realty, inc. Provides the members of the governing body with a draft of the form 990 for individual review and comment prior to filing.”

“In addition to providing the organization's form 990 upon request, the organization's form 990 is available to the public on several third party websites. While the organization does not provide the form 990 directly to these third parties, the form 990 is obtained from the internal revenue service. The third parties subsequently and independently provide access to the form 990 on their platform.”

“Durham realty, inc.'s governing documents (articles of incorporation and any subsequent amendments or restatements) are available to the public on the north carolina secretary of state website. The organization does not have a conflict of interest policy. Durham realty, inc. Is included in the consolidated, independently audited financial statements of duke university, which are available at https://resources.finance.duke.edu/resources/docs/financial_reports2019-20. Pdf (weblink must be input in all lower case letters).”

“Column (a)- securities: duke university, and therefore durham realty, inc., manages its investment funds in accordance with the uniform prudent management of institutional funds act of north carolina. As permitted by the act, the university, and therefore durham realty, inc., utilizes two investment pools to invest its funds and these funds operate on a total return concept.”

“The organization did not meet the unrelated business gross income threshold of $1,000 during the fiscal year ended june 30, 2020. However, the organization has filed form 990-t for the fiscal year ended june 30, 2020.”