Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter Social Security numbers on this form as it may be made public. By law, the IRS cannot redact the information on the form.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2013
Open to Public Inspection
For calendar year 2013, or tax year beginning 07-01-2013 , and ending 06-30-2014
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 or province, country, and ZIP or foreign postal code
ST PAUL, MN551640713
A Employer identification number

41-6554802
B Telephone number (see instructions)

(651) 466-8040
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E 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$2,161,017J Accounting method:
 
(Part I, column (d) must be on cash basis.)
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 7 7  
4 Dividends and interest from securities...... 52,860 52,860  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 87,821
b Gross sales price for all assets on line 6a 590,001
7 Capital gain net income (from Part IV, line 2)... 87,821
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........ 140,688 140,688  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 38,328 30,213   8,116
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 5,054 2,291   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 405 266   139
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 43,787 32,770 0 8,255
25 Contributions, gifts, grants paid........ 77,033 77,033
26 Total expenses and disbursements. Add lines 24 and 25 120,820 32,770 0 85,288
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 19,868
b Net investment income (if negative, enter -0-) 107,918
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2013)
Form 990-PF (2013)
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.......... 137,375 48,637 48,637
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 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)      
b Investments—corporate stock (attach schedule)........ 1,108,093 Click to see attachment1,282,189 1,822,275
c Investments—corporate bonds (attach schedule)........ 353,590 Click to see attachment286,557 288,569
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)   Click to see attachment1,536 Click to see attachment1,536
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,599,058 1,618,919 2,161,017
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 attachment317 Click to see attachment312
23 Total liabilities (add lines 17 through 22).......... 317 312
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 -373,639 -353,773
30 Total net assets or fund balances (see page 17 of the
instructions).................... 1,598,741 1,618,607
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 1,599,058 1,618,919
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 1,598,741
2 Enter amount from Part I, line 27a..................... 2 19,868
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 1,618,609
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 1,618,607
Form 990-PF (2013)
Form 990-PF (2013)
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 258. BROADCOM CORP CL A P 2011-10-19 2013-07-10
b 75. ROCKWELL AUTOMATION INC P 2012-03-01 2013-07-10
c 261. NINTENDO CO LTD UNSPONS A D R P 2013-05-16 2013-07-16
d 125. VARIAN MED SYS INC P 2009-03-02 2013-07-17
e 81. REXAM PLC SPONSORED A D R P 2012-11-19 2013-07-22
27. SIEMENS AG A D R P 2010-07-28 2013-07-25
37. EQUINIX INC P 2011-10-19 2013-08-07
119. KAO CORP A D R P 2012-10-23 2013-08-09
85. SANDS CHINA LTD UNSPONS A D R P 2012-05-17 2013-08-26
87. DEERE & CO P 2011-12-21 2013-09-06
54. DEERE & CO P 2012-11-27 2013-09-06
44. EQUINIX INC P 2011-08-31 2013-09-18
77. QUALCOMM INC P 2012-08-07 2013-09-18
119. ZURICH INSURANCE GROUP A D R P 2008-12-04 2013-09-20
11. APPLE INC P 2010-12-22 2013-09-24
8. APPLE INC P 2012-10-26 2013-09-24
40. SANOFI A D R P 2011-10-31 2013-09-27
8748.906 NUVEEN CORE PLUS BOND I P 2012-05-31 2013-10-08
4342.578 TFS MARKET NEUTRAL FUND P 2011-01-21 2013-10-08
62. GOLDMAN SACHS GROUP INC P 2013-06-04 2013-10-11
154. WILLIAMS SONOMA INC P 2012-03-05 2013-10-11
122. ARM HLDGS PLC A D R P 2012-09-26 2013-10-14
77. LVMH MOET HENNESSY LOU VUITT A D R P 2010-11-09 2013-10-18
92. UNILEVER PLC SPSD ADR P 2011-09-14 2013-10-18
224. KEPPEL CORP LTD SPONS A D R P 2007-12-10 2013-11-05
60. ALLERGAN INC P 2010-04-09 2013-11-07
58. AGRIUM INC P 2007-12-10 2013-11-18
142. EXPRESS SCRIPTS HLDGS C P 2009-03-02 2013-11-18
102. REPSOL S.A. P 2011-02-25 2013-11-18
21. MITSUI & CO LTD SPSD ADR P 2009-06-30 2013-11-25
72. SANOFI A D R P 2011-10-31 2013-11-25
176. DOLLAR GENERAL CORP P 2012-09-04 2013-12-03
91. B H P BILLITON PLC SPSD A D R P 2012-02-02 2013-12-13
38. ORIX CORP SPONS A D R P 2012-10-02 2013-12-13
1323.919 NUVEEN CORE PLUS BOND I P 2012-05-31 2013-12-17
61. ACCENTURE PLC CL A P 2013-07-17 2013-12-20
123. ACCENTURE PLC CL A P 2008-11-14 2013-12-20
50. INTERNATIONAL BUSINESS MACHINES CORP   2009-03-02 2014-01-16
342. KEPPEL CORP LTD SPONS A D R   2007-12-10 2014-01-30
117. E BAY INC   2011-03-22 2014-02-04
85. LULULEMON ATHLETICA INC   2012-06-11 2014-02-04
80. LULULEMON ATHLETICA INC   2013-09-18 2014-02-04
106. QUALCOMM INC   2012-09-19 2014-02-04
66. CHEVRON CORPORATION   2011-08-17 2014-02-06
209. EMC CORPORATION   2012-11-06 2014-02-11
230. OCWEN FINANCIAL CORPORATION   2013-06-04 2014-02-12
20. COPA HOLDINGS SA CL A   2012-03-26 2014-03-03
12. APPLE INC   2006-06-28 2014-03-06
40. BRITISH AMERN TOB PLC ADR   2008-03-19 2014-03-10
211. CHINA CONSTRUCT UNSPON A D R   2013-02-15 2014-03-10
.4544 VODAFONE GROUP PLC A D R   2011-03-10 2014-03-13
2004.008 AQR MANAGED FUTURES STR I   2013-10-08 2014-03-21
868.81 NUVEEN CORE PLUS BOND I   2012-05-31 2014-03-21
75. VERIZON COMMUNICATIONS   2014-02-24 2014-03-25
70. RESTORATION HARDWARE HOLDING   2013-12-17 2014-04-03
43. DIAGEO PLC SPONSORED A D R   2012-03-01 2014-04-10
144. E BAY INC   2011-06-13 2014-04-17
82. UNITED RENTALS INC   2013-10-11 2014-04-30
55. MICHAEL KORS HOLDINGS LLD   2012-08-07 2014-04-30
32. FOMENTO ECONOMICO MEX SP A D R   2007-12-10 2014-05-06
499. SBERBANK SPONSORED A D R   2012-02-07 2014-05-06
64. ARM HLDGS PLC A D R   2014-02-06 2014-05-08
100. ARM HLDGS PLC A D R   2012-09-26 2014-05-08
169. B A E SYSTEMS P L C A D R   2011-12-12 2014-05-19
74. TRANSOCEAN LTD   2012-01-11 2014-05-19
76. MONSANTO CO   2012-11-27 2014-06-02
400. DAIWA SECURITIES GR SPON A D R   2013-11-25 2014-06-13
155. VODAFONE GROUP PLC A D R   2013-03-11 2014-06-13
169. DEUTSCHE BANK AG RT 6/24/14   2014-06-06 2014-06-13
151. WISDOMTREE JAPAN HEDGED   2013-05-10 2014-06-20
81. WISDOMTREE JAPAN HEDGED   2013-08-09 2014-06-20
286.287 NUVEEN SANTA BARBARA DIV GROWTH FD I   2012-05-31 2014-06-30
433.276 NUVEEN REAL ESTATE SECS I   2012-09-12 2014-06-30
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 8,762   9,663 -901
b 6,550   6,119 431
c 4,105   3,636 469
d 8,820   3,678 5,142
e 3,035   3,110 -75
81   91 -10
6,526   3,560 2,966
3,862   3,310 552
4,737   2,922 1,815
7,181   6,635 546
4,457   4,582 -125
7,735   4,232 3,503
5,355   4,707 648
3,065   1,697 1,368
5,400   1,434 3,966
3,927   4,873 -946
2,026   1,478 548
100,000   101,575 -1,575
68,135   64,400 3,735
9,838   9,316 522
8,138   5,892 2,246
5,837   3,355 2,482
2,961   2,518 443
3,669   2,849 820
3,856   3,698 158
5,333   3,814 1,519
5,234   3,619 1,615
9,200   3,267 5,933
2,563   3,405 -842
5,785   4,736 1,049
3,802   2,642 1,160
9,908   9,084 824
5,196   6,473 -1,277
3,235   1,887 1,348
15,000   15,371 -371
4,890   4,599 291
9,860   3,606 6,254
9,386   4,467 4,919
5,534   5,701 -167
6,188   3,551 2,637
3,860   5,391 -1,531
3,633   5,730 -2,097
7,683   6,809 874
7,305   6,523 782
5,170   4,718 452
9,058   9,767 -709
2,672   1,561 1,111
6,352   688 5,664
4,439   3,051 1,388
2,762   3,594 -832
17   24 -7
20,000   19,760 240
10,000   10,087 -87
3,511   3,606 -95
5,013   4,488 525
5,448   3,566 1,882
7,919   4,341 3,578
7,629   4,747 2,882
5,014   2,423 2,591
3,024   1,111 1,913
4,276   6,936 -2,660
2,856   2,826 30
4,463   2,750 1,713
4,669   2,930 1,739
3,069   3,015 54
9,315   6,937 2,378
3,304   4,079 -775
5,087   7,506 -2,419
330     330
7,615   7,301 314
4,085   3,691 394
10,000   7,140 2,860
10,000   9,532 468
      11,251
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       -901
b       431
c       469
d       5,142
e       -75
      -10
      2,966
      552
      1,815
      546
      -125
      3,503
      648
      1,368
      3,966
      -946
      548
      -1,575
      3,735
      522
      2,246
      2,482
      443
      820
      158
      1,519
      1,615
      5,933
      -842
      1,049
      1,160
      824
      -1,277
      1,348
      -371
      291
      6,254
      4,919
      -167
      2,637
      -1,531
      -2,097
      874
      782
      452
      -709
      1,111
      5,664
      1,388
      -832
      -7
      240
      -87
      -95
      525
      1,882
      3,578
      2,882
      2,591
      1,913
      -2,660
      30
      1,713
      1,739
      54
      2,378
      -775
      -2,419
      330
      314
      394
      2,860
      468
       
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 87,821
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))
2012 91,857 1,853,792 0.049551
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
2 Total of line 1, column (d) ...................... 2 0.265208
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 0.053042
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 2,032,646
5 Multiply line 4 by line 3....................... 5 107,816
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,079
7 Add lines 5 and 6......................... 7 108,895
8 Enter qualifying distributions from Part XII, line 4.............. 8 85,288
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 (2013)
Form 990-PF (2013)
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 2,158
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 2,158
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 2,158
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 1,732
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 1,732
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 9 426
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 2014 estimated taxBullet0 RefundedBullet 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 2013 or the taxable year beginning in 2013 (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 (651) 466-8040
    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 2013, did the foundation have an interest in or a signature or other authority over YesNo
    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 (2013)
    Form 990-PF (2013)
    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 2013?.............
    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 2013, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2013?...............
    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 2013 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 2013.)....................
    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 2013?
    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 (2013)
    Form 990-PF (2013)
    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     		38,328    
    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 (2013)
    Form 990-PF (2013)
    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
     
    b
    Average of monthly cash balances.......................
    1b
     
    c
    Fair market value of all other assets (see instructions)................
    1c
     
    d
    Total (add lines 1a, b, and c).........................
    1d
     
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
     
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
     
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
     
    6
    Minimum investment return. Enter 5% of line 5..................
    6
     
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    101,632
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    2,158
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,158
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    99,474
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    99,474
    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
    99,474
    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
     
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
     
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
     
    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 (2013)
    Form 990-PF (2013)
    Page 8
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2012     		(c)
    2012     		(d)
    2013
    1 Distributable amount for 2013 from Part XI, line 7 99,474
    2 Undistributed income, if any, as of the end of 2013:
    a Enter amount for 2012 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2013:
    a From 2008....... 0
    b From 2009....... 0
    c From 2010....... 6,803
    d From 2011....... 34,749
    e From 2012....... 898
    fTotal of lines 3a through e......... 42,450
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$ 85,288
    a Applied to 2012, 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 2013 distributable amount..... 85,288
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2013. 14,186 14,186
    (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 28,264
    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 2012. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2013. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2014 ..........     		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 2008 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2014.
    Subtract lines 7 and 8 from line 6a ......     		28,264
    10 Analysis of line 9:
    a Excess from 2009.... 0
    b Excess from 2010.... 0
    c Excess from 2011.... 27,366
    d Excess from 2012.... 898
    e Excess from 2013....  
    Form 990-PF (2013)
    Form 990-PF (2013)
    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 2013, 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) 2013 (b) 2012 (c) 2011 (d) 2010
             
    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 (2013)
    Form 990-PF (2013)
    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 9,629
    CHILDRENS HOME SOCIETY OF MN
    1605 EUSTIS STREET
    ST PAUL,MN55108     		NONE PUBLIC GENERAL FUNDING 9,629
    J AND L DUKE FOUNDATION
    PO BOX 64713
    ST PAUL,MN55164     		NONE 501(C)(3) GENERAL FUNDING 38,517
    UNIVERSITY OF DUBUQUE
    2000 UNIVERSITY AVENUE
    DUBUQUE,IA52001     		NONE SCHOOL GENERAL FUNDING 19,258
    Total .................................bullet 3a 77,033
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2013)
    Form 990-PF (2013)
    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....          
    3
    Interest on savings and temporary cash investments ............     		    14 7  
    4 Dividends and interest from securities....     14 52,860  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 87,821  
    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)..   140,688  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13140,688
    (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 (2013)
    Form 990-PF (2013)
    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 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    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 (2013)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2013 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 45,107
    NUVEEN CORE BOND FD 61,879 66,579
    NUVEEN HIGH INCOME BOND FD 92,827 94,699
    CREDIT SUISSE COMM RET ST CO 26,851 21,470
    DRIEHAUS SELECT CREDIT 60,000 60,714

    TY 2013 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 1,717 3,137
    V F CORP 13,578 17,955
    TRANSOCEAN LTD    
    URBAN OUTFITTERS INC 11,235 9,819
    APPLE INC 2,694 30,574
    NUVEEN MID CAP INDEX FD 48,422 79,994
    NUVEEN SMALL CAP INDEX FD 32,901 41,524
    NUVEEN REAL ESTATE SECS FD 82,381 93,091
    BLACKROCK INC 15,580 19,176
    UNITED TECHNOLOGIES CORP 11,300 17,318
    ANALOG DEVICES 8,921 12,058
    LINKEDIN CORP A 13,144 9,774
    SBERBANK SPONSORED    
    ALLERGAN INC    
    CELGENE CORP 7,080 19,581
    MONSANTO CO 12,781 16,590
    ASML HOLDING NV 6,802 8,208
    BROADCOM CORP CL A    
    GOOGLE INC CL A 9,686 18,125
    INTERNATIONAL BUSINESS MACHINE    
    OCWEN FINANCIAL CORP    
    AGRIUM INC    
    AXA A D R 3,786 3,885
    B H P BILLITON PLC SPSD A D R    
    ADOBE SYS INC 16,358 18,090
    ATLAS COPCO AB A D R CL B 3,727 6,561
    KEPPEL CORP LTD SPONS A D R    
    SUNCOR ENERGY 7,272 8,782
    BRITISH AMERN TOB PLC ADR 3,938 8,097
    DIAGEO PLC SPONSORED ADR NEW 5,137 8,018
    FOMENTO ECONOMICO MEXICANO S A    
    NESTLE S A SPONSORED ADR REPST 10,029 16,233
    NOVARTIS A G A D R 3,974 7,061
    ROCKWELL AUTOMATION 6,364 9,762
    BARCLAYS PLC A D R 4,715 3,726
    BOC HONG KONG HLDGS LTD A D R 3,122 4,111
    DBS GROUP HLDGS LTD 8,441 9,441
    MICHAEL KORS HOLDINGS 6,682 15,248
    ORIX CORP SPNS A D R 5,815 10,795
    NATIONAL GRID PLC SP A D R 2,867 4,314
    SANDS CHINA LTD    
    B A S F A G ADR 9,717 15,728
    LAS VEGAS SANDS CORP 7,553 7,698
    TOTAL S A A D R 13,392 12,635
    SCHLUMBERGER LTD 8,840 20,052
    MASTEC INC 7,615 6,565
    GOLDMAN SACHS GROUP INC    
    SPLUNK INC 14,625 12,615
    DEERE & CO    
    EQUINIX INC    
    QUALCOMM INC 6,288 8,158
    VISA INC 21,066 22,757
    DANAHER CORP 5,022 14,171
    FLOWSERVE CORP 2,907 14,052
    UNION PAC CORP 3,793 19,152
    ANADARKO PETE CORP 7,132 12,699
    CAMERON INTL CORP 4,696 14,828
    HAIN CELESTIAL GROUP 6,463 9,495
    LUKOIL SPON A D R 6,546 7,119
    PALO ALTO NETWORKS 7,985 9,559
    CANADIAN PACIFIC RAILWAY 3,090 7,608
    ING GROEP NV 12,723 13,291
    NOMURA HOLDINGS INC 4,405 4,443
    PRICELINE COM INC 1,065 15,639
    DOLLAR GENERAL    
    CHEVRON CORP    
    RIO TINTO PLC A D R 5,176 5,428
    UNILEVER PLC SPSD ADR    
    ARM HLDGS PLC 10,882 11,943
    BIOGEN IDEC INC 7,706 8,513
    CERNER CORPORATION 6,863 14,855
    EXPRESS SCRIPTS INC CL A    
    DEUTSCHE BANK AG 6,648 5,945
    SANOFI A D R 5,428 8,241
    SCHEIN HENRY INC 5,687 19,103
    THERMO FISHER SCIENTIFIC INC 5,257 15,930
    VALEANT PHARMACEUTICALS 11,316 17,278
    AUTOLIV INC 6,568 9,272
    MAGNA INTL INC 10,491 15,408
    NOVO NORDISK AS 6,408 10,393
    SWEDBANK A B A D R 3,243 4,758
    VARIAN MED SYS INC    
    ZURICH FINANCIAL SERVICES AG    
    GRAN TIERRA ENERGY 4,118 4,507
    ACCENTURE LTD    
    LONZA GROUP AG 3,712 5,182
    RALPH LAUREN 4,950 8,195
    AQR MANAGED FUTURES 20,240 20,610
    MITSUI & CO LTD    
    HOME RETAIL GROUP 4,229 3,797
    RESTORATION HARDWARE 7,049 10,329
    NUVEEN SANTA BARBARA DIV 132,860 186,079
    ITESA SANPOLO A D R 4,280 3,844
    PIONEER NAT RES CO 5,329 20,913
    BORG WARNER 6,539 21,252
    DISNEY WALT CO 5,513 10,803
    GOOGLE INC CL C 9,655 17,834
    NISSAN MTR LTD 6,029 6,486
    TECHTRONIC INDUSTRIES 6,564 9,714
    TRIMBLE NAV 13,726 17,736
    AMERIPRISE FINL INC 15,131 24,360
    B A E SYSTEMS P L C    
    B N P PARIBAS S A A 3,547 4,049
    KAO CORP A D R    
    STARBUCKS CORP 14,022 16,946
    TFS MARKET NEUTRAL    
    VALE SA SP A D R 7,574 6,367
    SAP AG A D R 2,974 3,773
    ROCHE HLDG LTD 6,206 10,742
    CHINA CONSTRUCT    
    LULULEMON ATHLETICA    
    FLUOR CORP 8,980 11,304
    HITACHI LTD ADR 7,232 8,440
    NINTNEDO CO LTD    
    SIEMENS AG A D R 2,593 3,569
    PRECISION CASTPARTS 11,723 15,396
    REPSOL S A    
    ROYAL DUTCH SHELL 6,371 7,743
    AMAZON COM INC 13,863 17,538
    BAYERISCHE MOTOREN WERKE 5,840 11,379
    HONDA MOTOR CO LTD 4,924 5,004
    LVMH MOET HENNESSY    
    STARWOOD HOTELS 14,670 16,730
    ANHEUSER BUSCH 14,400 22,413
    LAFARGE S A A D R 3,679 5,041
    LAUDER ESTEE COS 6,423 9,580
    REXAM PLC    
    SHIRE PLC A D R 21,815 40,504
    AEGON N V NY REG 8,682 8,726
    ALLIANZ SE A D R 6,697 7,723
    BROOKFIELD ASSET MANAGE 3,513 4,710
    HSBC HOLDINGS PLC 5,831 5,791
    SEVEN & I HLDGS 7,054 8,773
    SUMITOMO MITSUI 7,564 6,471
    B T GROUP P L C 6,706 16,079
    ORANGE SPON A D R 4,097 4,550
    VODAFONE GROUP    
    E BAY INC    
    E M C CORPORATION 6,291 8,297
    ISHARES MSCI EMERGING MKTS 23,939 21,615
    WALGREEN CO 9,095 19,274
    WILLIAMS SONOMA    
    WISDOMTREE JAPAN 8,177 9,305
    UNITED RENTALS 8,972 17,699
    SEKISUI HOUSE LTD 4,095 3,986
    STRATASYS LTD 7,175 6,591
    VALEOSA SPON A D R 6,693 17,338
    CAUSEWAY EMERGING MARKETS 25,000 26,780
    E I I INTL PPTY 25,000 25,494
    FORWARD INTERNATIONAL REAL 25,000 24,363
    ROBECO BOSTON PARTNERS 50,000 55,267
    SPDR S P EMERGING SMALL CAP 8,803 8,905

    TY 2013 OtherAssetsSchedule
    Name:
    JOSEPH C DUKE FOUNDATION 25245340
    EIN: 41-6554802
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED INCOME   1,536 1,536


    TY 2013 OtherDecreasesSchedule
    Name:
    JOSEPH C DUKE FOUNDATION 25245340
    EIN: 41-6554802
    Description Amount
    ROUNDING 2


    TY 2013 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 - 266 266   0
    FILING FEES 139 0   139


    TY 2013 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 317 312


    TY 2013 TaxesSchedule
    Name:
    JOSEPH C DUKE FOUNDATION 25245340
    EIN: 41-6554802
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 2,068 2,068   0
    FEDERAL TAX PAYMENT - PRIOR YE 1,031 0   0
    FEDERAL TAX 1,732 0   0
    FOREIGN TAXES ON QUALIFIED FOR 113 113   0
    FOREIGN TAXES ON NONQUALIFIED 110 110   0