Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2012
Open to Public Inspection
For calendar year 2012, or tax year beginning 07-01-2012 , and ending 06-30-2013
Name of foundation
JOSEPH C DUKE FOUNDATION 25245340
 

Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 64713 TRUST TAX SERVICES   Room/suite
City or town, state, and ZIP code
ST PAUL, MN551640713
A Employer identification number

41-6554802
B Telephone number (see instructions)

(612) 303-3208
C bullet
G Check all that apply:

D 1. bullet
2. bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$1,886,825J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 43,901 43,901  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 71,441
b Gross sales price for all assets on line 6a 503,193
7 Capital gain net income (from Part IV, line 2)... 71,441
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 115,342 115,342  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 34,422 27,088   7,334
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions) Click to see attachment 2,249 1,485   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 228 203   25
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 36,899 28,776 0 7,359
25 Contributions, gifts, grants paid........ 84,498 84,498
26 Total expenses and disbursements. Add lines 24 and 25 121,397 28,776 0 91,857
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -6,055
b Net investment income (if negative, enter -0-) 86,566
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2012)
Form 990-PF (2012)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 71,090 137,375 137,375
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 59,578    
b Investments—corporate stock (attach schedule)........ 995,647 Click to see attachment1,108,093 1,405,877
c Investments—corporate bonds (attach schedule)........ 478,702 Click to see attachment353,590 343,573
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........     0
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,605,017 1,599,058 1,886,825
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment259 Click to see attachment317
23 Total liabilities (add lines 17 through 22).......... 259 317
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 1,972,380 1,972,380
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds -367,622 -373,639
30 Total net assets or fund balances (see page 17 of the
instructions).................... 1,604,758 1,598,741
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 1,605,017 1,599,058
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 1,604,758
2 Enter amount from Part I, line 27a..................... 2 -6,055
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 40
4 Add lines 1, 2, and 3.......................... 4 1,598,743
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 2
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 1,598,741
Form 990-PF (2012)
Form 990-PF (2012)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a 144. ABB LTD A D R P 2007-12-10 2012-07-10
b 156. BARCLAYS PLC A D R P 2012-02-21 2012-07-11
c 42. BARCLAYS PLC A D R P 2009-08-21 2012-07-11
d 61. CANON INC SPONS A D R P 2010-05-10 2012-07-13
e 166. INTERCONTINENTAL HTLS GRP PLSPONS P 2010-08-06 2012-07-13
67. CERNER CORPORATION P 2009-03-02 2012-07-20
255. COMPANHIA DE BEBIDAS P R A D R P 2009-03-02 2012-07-20
219. HALLIBURTON CO P 2010-11-18 2012-07-20
165. ANGLO AMERICAN PLC A D R P 2007-12-10 2012-07-23
98. MCDONALDS CORP P 2009-03-02 2012-07-31
277. MICROSOFT CORP P 2011-07-11 2012-08-07
52. VARIAN MED SYS INC P 2010-02-09 2012-08-07
44. PIONEER NAT RES CO P 2011-02-17 2012-08-14
80. CANON INC SPONS A D R P 2010-05-10 2012-08-16
245. KONINKLIJKE (ROYAL) KPN NV SP ADR P 2007-12-10 2012-08-20
161. DU PONT E I DE NEMOURS & CO P 2011-08-17 2012-08-21
.9375 POSTNL NV ADR P 2012-06-25 2012-08-27
25. CNOOC LTD A D R P 2010-06-23 2012-09-04
13. CNOOC LTD A D R P 2011-12-09 2012-09-04
205. AFLAC INC P 2011-03-22 2012-09-06
436. CISCO SYS INC P 2012-03-28 2012-09-06
10. PRICELINE COM INC P 2009-03-02 2012-09-06
3378.378 NUVEEN CORE PLUS BOND I P 2009-11-17 2012-09-12
35. BRITISH AMERN TOB PLC ADR P 2007-12-10 2012-09-13
1687.764 NUVEEN CORE PLUS BOND I P 2009-09-18 2012-09-13
62. NIKE INC P 2009-10-07 2012-09-19
255. TEXAS INSTRUMENTS INC P 2009-03-02 2012-10-02
76. VODAFONE GROUP PLC A D R P 2011-03-10 2012-10-02
100. DOVER CORP P 2009-11-12 2012-10-09
70000. BARCLAYS 24MO 200% SPX 10/12/12 P 2010-10-07 2012-10-12
57. HITACHI LTD ADR 10 COM P 2011-07-15 2012-10-23
349. MICROSOFT CORP P 2011-07-11 2012-10-26
70. NIKE INC P 2009-03-02 2012-10-26
108. BAIDU COM INC A D R P 2012-09-26 2012-11-06
24. BAIDU COM INC A D R P 2012-02-07 2012-11-19
101. NETEASE INC A D R P 2011-10-19 2012-11-20
58. CATERPILLAR INC P 2010-12-06 2012-11-27
34. BRITISH AMERN TOB PLC ADR   2007-12-10 2013-01-15
. NET SETTLEMENT FROM CLASS ACTION SUIT     2013-01-15
114. YUM BRANDS INC   2012-07-31 2013-01-16
51. ALLERGAN INC   2010-04-09 2013-01-29
344. THE GAP INC   2012-03-28 2013-02-13
.9 REXAM PLC SPONSORED A D R   2012-11-19 2013-02-13
56. CHINA MOBILE LIMITED A D R   2011-09-20 2013-02-15
60000. U S TREASURY NT 3.875% 2/15/13   2004-11-18 2013-02-15
116. NIPPON TELEGRAPH TELE A D R   2011-10-14 2013-02-22
87. B T GROUP P L C A D R   2011-04-15 2013-03-11
495. POSTNL NV ADR   2012-06-25 2013-03-11
268. POSTNL NV ADR   2012-06-25 2013-03-12
29. DIAGEO PLC SPONSORED A D R   2012-03-01 2013-03-20
79. VMWARE INC CL A   2012-05-03 2013-03-27
135. DIRECTV   2009-03-02 2013-04-08
45. B H P BILLITON PLC SPSD A D R   2011-06-17 2013-04-19
6. BROOKFIELD PROPERTY PARTNERS L P   2013-04-15 2013-04-19
.1418 BROOKFIELD PROPERTY PARTNERS L P   2013-04-15 2013-04-23
211. ASSA ABLOY AB A D R   2012-07-10 2013-04-26
34. INTERNATIONAL BUSINESS MACHINES CORP   2009-03-02 2013-05-09
32. FOMENTO ECONOMICO MEX SP A D R   2007-12-10 2013-05-10
81. CARNIVAL PLC A D R   2011-05-12 2013-05-15
47. SYNGENTA A G A D R   2012-07-23 2013-05-15
128. VALE SA SP A D R   2010-09-28 2013-05-16
466. ISHARES DOW JONES REGIONAL BK IN FD   2012-07-20 2013-06-04
65. LULULEMON ATHLETICA INC   2013-04-08 2013-06-04
49. NESTLE SA SPONSORED A D R   2007-12-10 2013-06-05
123. COGNIZANT TECH SOLUTIONS CL A   2009-03-02 2013-06-12
38. E BAY INC   2011-03-22 2013-06-12
93. LAUDER ESTEE COS INC CL A   2011-05-11 2013-06-21
185. VOLVO AB SPONSORED A D R   2010-04-27 2013-06-24
50. VOLVO AB SPONSORED A D R   2010-04-27 2013-06-25
CAPITAL GAIN DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 2,297   4,297 -2,000
b 1,577   2,449 -872
c 424   987 -563
d 2,290   2,777 -487
e 3,864   2,992 872
5,192   1,168 4,024
9,462   1,909 7,553
6,707   3,661 3,046
2,469   5,747 -3,278
8,770   5,108 3,662
8,378   9,477 -1,099
2,932   2,471 461
4,280   3,614 666
2,797   2,672 125
2,034   4,535 -2,501
8,164   7,675 489
3   3  
4,642   4,381 261
2,414   2,502 -88
9,685   11,458 -1,773
8,484   9,112 -628
6,074   819 5,255
40,000   36,811 3,189
3,535   2,781 754
20,000   18,301 1,699
6,205   3,792 2,413
7,035   3,544 3,491
2,159   2,187 -28
5,628   4,137 1,491
86,660   70,000 16,660
2,950   3,459 -509
9,800   9,176 624
6,378   2,789 3,589
11,375   14,321 -2,946
2,223   3,127 -904
4,511   4,825 -314
4,898   5,189 -291
3,459   2,701 758
4     4
7,518   7,416 102
5,435   3,242 2,193
10,997   9,062 1,935
33   35 -2
3,094   2,898 196
60,000   59,578 422
2,629   2,923 -294
3,496   2,738 758
1,103   1,807 -704
587   978 -391
3,551   2,801 750
6,106   8,968 -2,862
7,465   2,638 4,827
2,447   3,534 -1,087
130   131 -1
3   3  
4,091   3,042 1,049
6,949   3,037 3,912
3,648   1,111 2,537
2,942   3,512 -570
3,880   3,053 827
1,888   3,566 -1,678
13,236   11,282 1,954
5,319   4,208 1,111
3,274   2,352 922
7,910   2,146 5,764
1,941   1,153 788
6,138   4,631 1,507
2,389   2,325 64
662   628 34
      103
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       -2,000
b       -872
c       -563
d       -487
e       872
      4,024
      7,553
      3,046
      -3,278
      3,662
      -1,099
      461
      666
      125
      -2,501
      489
       
      261
      -88
      -1,773
      -628
      5,255
      3,189
      754
      1,699
      2,413
      3,491
      -28
      1,491
      16,660
      -509
      624
      3,589
      -2,946
      -904
      -314
      -291
      758
      4
      102
      2,193
      1,935
      -2
      196
      422
      -294
      758
      -704
      -391
      750
      -2,862
      4,827
      -1,087
      -1
       
      1,049
      3,912
      2,537
      -570
      827
      -1,678
      1,954
      1,111
      922
      5,764
      788
      1,507
      64
      34
       
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 71,441
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2011 123,695 1,806,911 0.068457
2010 106,683 1,916,221 0.055674
2009 54,974 1,786,808 0.030767
2008 102,954 1,694,467 0.060759
2007 134,064 2,419,393 0.055412
2 Total of line 1, column (d) ...................... 2 0.271069
3 Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years. . . 		3 0.054214
4 Enter the net value of noncharitable-use assets for 2012 from Part X, line 5..... 4 1,853,792
5 Multiply line 4 by line 3....................... 5 100,501
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 866
7 Add lines 5 and 6......................... 7 101,367
8 Enter qualifying distributions from Part XII, line 4.............. 8 91,857
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2012)
Form 990-PF (2012)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 1,731
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2............................ 3 1,731
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,731
6 Credits/Payments:
a 2012 estimated tax payments and 2011 overpayment credited to 2012 6a 700
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 700
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 1,031
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2013 estimated taxBullet0 Refunded Bullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMN
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012 (see instructions for Part XIV)?
    If “Yes,” complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletUS BANK NATIONAL ASSOCIATION Telephone no.bullet (612) 303-3208
    Located atbullet101 EAST 5TH ST 14TH FLOORST PAULMN ZIP+4bullet551011860
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2012, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2012?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2012, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2012?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?.........................
    b
    If “Yes,” did it have excess business holdings in 2012 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2012.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2012?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see instructions)........
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?........................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    US BANK NA CORPORATE TRUSTEE
    8     		34,422    
    800 NICOLLET MALL
    MINNEAPOLIS,MN554027020
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3..........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    1,760,650
    b
    Average of monthly cash balances.......................
    1b
    121,372
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,882,022
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    1,882,022
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see
    instructions) .............................
    4
    28,230
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,853,792
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    92,690
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    92,690
    2a
    Tax on investment income for 2012 from Part VI, line 5......
    2a
    1,731
    b
    Income tax for 2012. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,731
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    90,959
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    90,959
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    90,959
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    91,857
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    91,857
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    91,857
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 8
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2011     		(c)
    2011     		(d)
    2012
    1 Distributable amount for 2012 from Part XI, line 7 90,959
    2 Undistributed income, if any, as of the end of 2012:
    a Enter amount for 2011 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2012:
    a From 2007....... 0
    b From 2008....... 0
    c From 2009....... 0
    d From 2010....... 6,803
    e From 2011....... 34,749
    fTotal of lines 3a through e......... 41,552
    4Qualifying distributions for 2012 from Part
    XII, line 4: bullet$ 91,857
    a Applied to 2011, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions)......     		0
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2012 distributable amount..... 90,959
    e Remaining amount distributed out of corpus 898
    5 Excess distributions carryover applied to 2012. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 42,450
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2011. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2012. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2013 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		0
    8Excess distributions carryover from 2007 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2013.
    Subtract lines 7 and 8 from line 6a ......     		42,450
    10 Analysis of line 9:
    a Excess from 2008.... 0
    b Excess from 2009.... 0
    c Excess from 2010.... 6,803
    d Excess from 2011.... 34,749
    e Excess from 2012.... 898
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 9
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2012, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2012 (b) 2011 (c) 2010 (d) 2009
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    AMERICAN HEART ASSOCIATION
    4701 W 77 ST
    MINNEAPOLIS,MN55435     		NONE PUBLIC GENERAL FUNDING 9,950
    CHILDRENS HOME SOCIETY OF MN
    2230 COMO AVE
    ST PAUL,MN55108     		NONE PUBLIC GENERAL FUNDING 9,950
    J AND L DUKE FOUNDATION
    PO BOX 64713
    ST PAUL,MN55164     		NONE 501(C)(3) GENERAL FUNDING 44,698
    UNIVERSITY OF DUBUQUE
    2000 UNIVERSITY AVENUE
    DUBUQUE,IA52001     		NONE SCHOOL GENERAL FUNDING 19,900
    Total .................................bullet 3a 84,498
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments          
    4 Dividends and interest from securities....     14 43,901  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory     18 71,441  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   115,342  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13115,342
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2012)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2012 InvestmentsCorpBondsSchedule
    Name:
    JOSEPH C DUKE FOUNDATION 25245340
    EIN: 41-6554802
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AMERICAN CENTURY INTL BOND FD 45,000 41,967
    NUVEEN CORE BOND FD 188,912 190,050
    NUVEEN HIGH INCOME BOND FD 92,827 91,648
    CREDIT SUISSE COMM RET ST CO 26,851 19,908
    BARCLAYS 24MO 200% SPX    

    TY 2012 InvestmentsCorpStockSchedule
    Name:
    JOSEPH C DUKE FOUNDATION 25245340
    EIN: 41-6554802
    Name of Stock End of Year Book Value End of Year Fair Market Value
    COPA HOLDINGS 3,278 5,507
    V F CORP 6,268 7,529
    TRANSOCEAN LTD 3,015 3,548
    URBAN OUTFITTERS INC 11,235 11,664
    APPLE INC 9,689 30,929
    CISCO SYS INC    
    NUVEEN MID CAP INDEX FD 48,422 67,172
    NUVEEN SMALL CAP INDEX FD 32,901 35,873
    NUVEEN REAL ESTATE SECS FD 62,190 66,590
    BLACKROCK INC 8,875 9,247
    CATERPILLAR INC    
    UNITED TECHNOLOGIES CORP 11,300 13,941
    ANALOG DEVICES 8,921 10,048
    HALLIBURTON CO    
    SBERBANK SPONSORED 6,936 5,729
    ALLERGAN INC 3,814 5,054
    CELGENE CORP 7,080 13,336
    MONSANTO CO 11,821 12,943
    ASML HOLDING NV 6,802 6,962
    BROADCOM CORP CL A 9,720 8,719
    CARNIVAL PLC    
    GOOGLE INC CL A 19,342 27,291
    INTERNATIONAL BUSINESS MACHINE 4,467 9,556
    MICROSOFT CORP    
    OCWEN FINANCIAL CORP 9,767 9,481
    AGRIUM INC 3,619 5,044
    ANGLO AMERICAN PLC A D R    
    B H P BILLITON PLC SPSD A D R 6,473 4,666
    ABB LTD A D R    
    ATLAS COPCO AB A D R CL B 3,727 5,277
    KEPPEL CORP LTD SPONS A D R 9,345 9,339
    SUNCOR ENERGY 2,957 3,096
    BRITISH AMERN TOB PLC ADR 6,990 11,118
    DIAGEO PLC SPONSORED ADR NEW 8,703 12,185
    FOMENTO ECONOMICO MEXICANO S A 1,111 3,302
    NESTLE S A SPONSORED ADR REPST 10,029 13,748
    NOVARTIS A G A D R 3,974 5,515
    ROCKWELL AUTOMATION 12,483 12,720
    BARCLAYS PLC A D R 4,103 3,492
    BOC HONG KONG HLDGS LTD A D R 3,121 4,362
    DBS GROUP HLDGS LTD 8,441 8,565
    MICHAEL KORS HOLDINGS 9,105 14,079
    ORIX CORP SPNS A D R 5,078 8,883
    CHINA MOBILE LIMITED    
    NATIONAL GRID PLC SP A D R 2,867 3,287
    SANDS CHINA LTD 2,922 3,998
    B A S F A G ADR 9,717 12,081
    KONINKLIJKE (ROYAL) KPN NV SP    
    TOTAL S A A D R 13,392 8,523
    SCHLUMBERGER LTD 8,840 12,182
    MC DONALDS CORP    
    GOLDMAN SACHS GROUP INC 9,316 9,378
    TEXAS INSTRUMENTS INC    
    DEERE & CO 11,217 11,456
    EQUINIX INC 7,791 14,962
    QUALCOMM INC 17,804 17,472
    VALE SA SP A D R    
    DANAHER CORP 5,022 11,394
    FLOWSERVE CORP 2,907 10,208
    UNION PAC CORP 3,793 14,811
    ANADARKO PETE CORP 7,132 9,968
    CAMERON INTL CORP 4,696 13,394
    HAIN CELESTIAL GROUP 6,463 6,956
    LUKOIL SPON A D R 6,546 6,860
    POSTNL NV ADR    
    CANON INC SPONC    
    CANADIAN PACIFIC RAILWAY 3,090 5,098
    DIRECTV GROUP INC    
    NIKE INC CL B    
    PRICELINE COM INC 1,065 10,747
    DOLLAR GENERAL 9,084 8,876
    CHEVRON CORP 6,523 7,810
    COMPANHIA DE BEBIDAS P R A D R    
    UNILEVER PLC SPSD ADR 2,849 3,721
    ARM HODGS PLC 6,104 8,043
    BAIDU COM INC    
    CERNER CORPORATION 1,656 9,129
    EXPRESS SCRIPTS INC CL A 3,267 8,767
    DEUTSCHE BANK AG 6,648 7,090
    SANOFI A D R 9,548 13,753
    SCHEIN HENRY INC 5,687 15,414
    THERMO FISHER SCIENTIFIC INC 5,257 11,425
    VALEANT PHARMACEUTICALS 6,425 8,350
    AUTOLIV INC 6,568 6,733
    MAGNA INTL INC 3,492 4,772
    NOVO NORDISK AS 6,408 6,974
    SWEDBANK A B A D R 3,243 4,122
    VARIAN MED SYS INC 3,678 8,431
    ZURICH FINANCIAL SERVICES AG 1,697 3,099
    DUPONT E I DE NEMOURS    
    ACCENTURE LTD 3,606 8,851
    COGNIZANT TECH SOLUTIONS CRP    
    RALPH LAUREN 4,950 8,861
    VMWARE INC CL A    
    MITSUI & CO LTD 4,736 5,301
    DOVER CORP    
    NIPPON TELEGRAPH    
    NUVEEN SANTA BARBARA DIV 140,000 164,362
    VOLVO AB SPONSORED    
    CNOOC LTD A D R    
    PIONEER NAT RES CO 5,329 13,172
    BORG WARNER 6,539 14,042
    DISNEY WALT CO 5,513 7,957
    GAP INC    
    NISSAN MTR LTD 6,029 6,953
    TECHTRONIC INDUSTRIES 3,628 4,588
    TRIMBLE NAV 13,726 12,475
    AMERIPRISE FINL INC 7,148 10,595
    B A E SYSTEMS P L C 2,930 3,985
    B N P PARIBAS S A A 3,547 3,275
    KAO CORP A D R 3,310 4,090
    STARBUCKS CORP 6,417 7,272
    TFS MARKET NEUTRAL 64,400 67,353
    VALEOSA SPON ADR 6,693 8,124
    SAP AG A D R 2,974 3,569
    ROCHE HLDG LTD 6,206 8,909
    CHINA CONSTRUCT 3,594 2,960
    LULULEMON ATHLETICA 5,391 5,568
    WILLIAMS SONOMA INC    
    FLUOR CORP 8,980 8,719
    HITACHI LTD ADR 3,050 3,680
    NINTNEDO CO LTD 3,636 3,829
    SIEMENS AG A D R 2,684 2,735
    PRECISION CASTPARTS 6,002 8,362
    REPSOL S A 3,405 2,158
    ROYAL DUTCH SHELL 6,371 5,997
    AMAZON COM INC 5,441 8,331
    BAYERISCHE MOTOREN WERKE 5,840 7,836
    HONDA MOTOR CO LTD 4,924 5,327
    INTERCONTINENTAL HTLS GRP    
    LVMH MOET HENNESSY 2,518 2,496
    STARWOOD HOTELS 6,653 6,319
    ANHEUSER BUSCH 14,400 17,601
    LAFARGE S A A D R 3,679 3,573
    LAUDER ESTEE COS 6,423 8,484
    REXAM PLC 3,110 2,957
    SHIRE PLC A D R 6,472 6,467
    AFLAC SE A D R    
    ALLIANZ SE A D R 6,697 6,721
    BROOKFIELD ASSET MANAGE 3,513 3,854
    HSBC HOLDINGS PLC 5,831 5,917
    SEVEN & I HODGS 7,054 7,597
    SUMITOMO MITSUI 7,564 7,044
    B T GROUP P L C 6,706 11,513
    NETEASE COM INC    
    VODAFONE GROUP 7,530 8,192
    E BAY INC 7,892 13,499
    E M C CORPORATION 11,009 12,377
    ISHARES MSCI EMERGING MKTS 23,939 19,250
    WALGREEN CO 9,095 11,492
    WILLIAMS SONOMA 5,892 8,607
    WISDOMTREE JAPAN 7,301 6,887

    TY 2012 InvestmentsGovtObligationsSch
    Name:
    JOSEPH C DUKE FOUNDATION 25245340
    EIN: 41-6554802
    US Government Securities - End of Year Book Value:

     
    US Government Securities - End of Year Fair Market Value:

     
    State & Local Government Securities - End of Year Book Value:


     
    State & Local Government Securities - End of Year Fair Market Value:


     


    TY 2012 OtherDecreasesSchedule
    Name:
    JOSEPH C DUKE FOUNDATION 25245340
    EIN: 41-6554802
    Description Amount
    ROUNDING 2


    TY 2012 OtherExpensesSchedule
    Name:
    JOSEPH C DUKE FOUNDATION 25245340
    EIN: 41-6554802
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER NONALLOCABLE EXPENSES - 203 203   0
    FILING FEES 25 0   25


    TY 2012 OtherIncreasesSchedule
    Name:
    JOSEPH C DUKE FOUNDATION 25245340
    EIN: 41-6554802
    Description Amount
    2011 RETURN OF CAPITAL ADJ 40


    TY 2012 OtherLiabilitiesSchedule
    Name:
    JOSEPH C DUKE FOUNDATION 25245340
    EIN: 41-6554802
    Description Beginning of Year - Book Value End of Year - Book Value
    RETURN OF CAPITAL ADJUSTMENT 259 317


    TY 2012 TaxesSchedule
    Name:
    JOSEPH C DUKE FOUNDATION 25245340
    EIN: 41-6554802
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 1,466 1,466   0
    FEDERAL TAX PAYMENT - PRIOR YE 64 0   0
    FEDERAL TAX 700 0   0
    FOREIGN TAXES ON QUALIFIED FOR 15 15   0
    FOREIGN TAXES ON NONQUALIFIED 4 4   0