Dumac Inc.

“Vincent e. Price is an officer and trustee of duke university. Jack o. Bovender jr. And edward a. Gilhuly are trustees of duke university. Tallman trask, iii is an officer of duke university. Neal f. Triplett is a key employee of duke university. The following officers of dumac, inc. Are also employees of duke university: anil madhok, robert e. Mcgrail.”

“The members of the board of directors of dumac, inc. Shall be appointed by the executive committee of the duke university board of trustees and confirmed by duke university's board of trustees. Any director, other than an ex-officio director, shall be subject to removal at the discretion of executive committee of the duke university board of trustees.”

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

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

“Dumac, inc. Consistently monitors and enforces compliance with the written conflict of interest policy by collecting an annual statement of compliance from all the board members.”

“Dumac, inc. Established compensation paid by duke university to dumac, inc. Officers and others who perform services for dumac, inc. Based on information about compensation paid by similarly situated taxable or tax-exempt organizations for similar services, or current compensation surveys. A dumac, inc. Independent compensation committee reviews proposed compensation and makes recommendations to the dumac, inc. Board of directors executive committee, which provides ultimate approval.”

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

“Dumac, 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.”

“Gross sales of assets other than inventory duke university (and therefore dumac, 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 dumac, inc.) utilizes two investment pools to invest its funds and these funds operate on a total return concept.”

“Description of organization's mission supervise, administer and manage assets, funds and properties, real and personal, that are and shall be held, invested and used for the benefit or purposes of duke university, its affiliates (including the employees' retirement plan of duke university) and the duke endowment, a private foundation which under the terms of its indenture and by action of its separate board of trustees provides substantial support to duke university.”

“The organization did not have unrelated business gross income of $1,000 or more during the fiscal year ended june 30, 2019 as a result, form 990-t is not required for the fiscal year ended june 30, 2019.”