TY 2018 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0052

2018

Open to Public Inspection

For calendar year 2018, or tax year beginning 07-01-2018 , and ending 06-30-2019

Name of foundation
JOSEPH C DUKE FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 0634
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
MILWAUKEE, WI532010634

A Employer identification number

41-6554802

B Telephone number (see instructions)

(651) 466-8040

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$1,934,059J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	53,995		53,995
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		43,214
b	Gross sales price for all assets on line 6a 437,395
7	Capital gain net income (from Part IV, line 2)...			43,214
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........	97,209		97,209
13	Compensation of officers, directors, trustees, etc.	35,959		32,363		3,596
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)....		352	317		35
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		2,341	1,526		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).......		488	463		25
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	39,140		34,669	0	3,656
25	Contributions, gifts, grants paid.......	182,693				182,693
26	Total expenses and disbursements. Add lines 24 and 25	221,833		34,669	0	186,349
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-124,624
b	Net investment income (if negative, enter -0-)			62,540
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2018)

Form 990-PF (2018)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	-11	34	34
	2	Savings and temporary cash investments.........	117,877	92,386	92,386
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts 0
	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).......	1,542,170	1,156,165	1,336,141
	c	Investments—corporate bonds (attach schedule).......	176,189
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	20,240	491,924	505,498
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	1,856,465	1,740,509	1,934,059
	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 )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................
	25	Temporarily restricted...............
	26	Permanently restricted...............
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........	1,856,465	1,740,509
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see instructions).....	1,856,465	1,740,509
	31	Total liabilities and net assets/fund balances (see instructions).	1,856,465	1,740,509

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

1,856,465

Enter amount from Part I, line 27a .....................

-124,624

Other increases not included in line 2 (itemize) bullet

8,668

Add lines 1, 2, and 3 ..........................

1,740,509

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .

1,740,509

Form 990-PF (2018)

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	665. BAYER A G SPONSORED ADR		1901-01-01	2018-07-02
b	1484.781 GLENMEDE SC EQUITY PORT ADV		2015-07-30	2018-07-24
c	232. KROGER CO COM		2016-12-07	2018-09-12
d	133. DOLLAR GENERAL CORP		2016-12-07	2018-09-14
e	57. SYSMEX CORP UNSPON A D R		2016-12-07	2018-09-19
	65. AUTOMATIC DATA PROCESSING INC COM		2016-12-07	2018-10-29
	1. SECURITY LITIGATION		1911-11-11	2018-11-08
	2. DASSAULT SYSTEMES S.A. SPA ADR		2016-12-07	2018-11-12
	146.367 VANGUARD MID CAP INDEX-ADM		2015-07-30	2018-11-12
	57. WPP PLC SPONSORED A D R		2016-12-07	2018-11-12
	98. DAITO TRUST CONS SPN A D R			2018-11-13
	31. DASSAULT SYSTEMES S.A. SPA ADR		2016-12-07	2018-11-13
	293. AIR LIQUIDE ADR			2018-12-12
	127. BBA AVIATION PLC UNSPON A D R		2016-12-07	2018-12-12
	100. CSL LIMITED A D R		2016-12-07	2018-12-12
	125. AIA GROUP LTD ADR		2016-12-07	2019-01-03
	207. FRESENIUS MED AKTIENGESELLSCHAFT ADR		2016-12-07	2019-01-03
	216. PROCTER & GAMBLE CO		2016-12-07	2019-01-15
	402. FANUC CORPORATION A D R		2016-12-07	2019-01-22
	85. WEIBO CORP-SPON ADR			2019-01-22
	26. WEIBO CORP-SPON ADR		2018-10-08	2019-01-22
	158. NASPERS LTD N SPON A D R		2016-12-07	2019-02-01
	196. AFLAC INC		2017-05-22	2019-02-21
	25. CANADIAN NATL RY CO COM		2016-12-07	2019-03-06
	189. GRUPO FIN BANORTE SPON A D R		2017-02-03	2019-03-06
	124. LVMH MOET HENNESSY A D R		2016-12-07	2019-03-06
	98. TENARIS SA ADR		2016-12-07	2019-03-06
	1. PFIZER INC		2019-03-13	2019-03-13
	.4 MULTICHOICE GROUP LTD ADR		2019-03-04	2019-03-18
	51. AFLAC INC		2017-05-22	2019-03-21
	44. ABBOTT LABORATORIES		2017-02-17	2019-03-21
	37. ALTRIA GROUP INC		2018-03-12	2019-03-21
	31. AMERISOURCEBERGEN CORP COM		2018-01-22	2019-03-21
	16. AMGEN INC		2018-01-16	2019-03-21
	14. AUTOMATIC DATA PROCESSING INC COM		2016-12-07	2019-03-21
	50. CVS CORP COM		2015-05-19	2019-03-21
	17. CHEVRONTEXACO CORP COM		2016-12-07	2019-03-21
	85. CONAGRA FOODS INC COM		2018-09-14	2019-03-21
	26. DOLLAR GENERAL CORP		2016-12-07	2019-03-21
	13. GLOBAL PAYMENTS INC		2019-01-15	2019-03-21
	8. GRAINGER W W INC COM		2016-12-07	2019-03-21
	19. ILLINOIS TOOL WORKS, INC.		2016-12-07	2019-03-21
	21. JOHNSON & JOHNSON		2018-02-13	2019-03-21
	80. KROGER CO COM		2016-12-07	2019-03-21
	32. LOWE'S COS INC		2016-12-07	2019-03-21
	35. MARSH & MCLENNAN COS INC COM		2016-12-07	2019-03-21
	38. MERCK AND CO INC		2017-07-31	2019-03-21
	15. MICROCHIP TECHNOLOGY INC COM W/RTS ATTACHED EXP 02/13/2005		2016-12-07	2019-03-21
	33. OCCIDENTAL PETE CORP COM		2016-12-07	2019-03-21
	30. OMNICOM GROUP COM		2016-12-07	2019-03-21
	33. PHILIP MORRIS INTL		2018-02-13	2019-03-21
	30. ROSS STORES INC COM		2017-08-31	2019-03-21
	29. ROYAL DUTCH SHELL PLC A D R		2010-11-22	2019-03-21
	29. J M SMUCKER CO THE NEW COM WI		2017-01-12	2019-03-21
	45. STATE STR CORP COM		2018-09-14	2019-03-21
	8. 3M CO		2016-12-07	2019-03-21
	13. UNITEDHEALTH GROUP INC COM			2019-03-21
	278. AIR LIQUIDE ADR		2016-12-07	2019-03-27
	32. DASSAULT SYSTEMES S.A. SPA ADR		2016-12-07	2019-03-27
	330. ITAU UNIBANCO HOLDINGS SA A D R		2016-12-07	2019-03-27
	119. ROYAL DUTCH SHELL A D R		2016-12-07	2019-03-27
	314. MONOTARO CO LTD UNSP A D R		2016-12-07	2019-03-28
	2052.787 AQR MANAGED FUTURES STR I		2013-10-08	2019-03-29
	1. AMERICAN INTL GROUP INC		2019-04-10	2019-04-10
	98. ABBOTT LABORATORIES		2017-02-17	2019-04-15
	71. AIA GROUP LTD ADR		2016-12-07	2019-04-16
	67. ALLIANZ AG-ADR COM		2017-12-19	2019-04-16
	665. BAYER A G SPONSORED ADR			2019-04-16
	17. MULTICHOICE GROUP LTD ADR		2019-03-04	2019-04-16
	3907.946 LOOMIS SAYLES STRATEGIC ALPHA FUND Y		2015-02-04	2019-05-01
	59. AUTOMATIC DATA PROCESSING INC COM		2016-12-07	2019-05-13
	1. HARMAN INTERNATIONAL		2019-05-31	2019-05-31
	133. JGC CORP UNSPONSORED A D R		2016-12-07	2019-06-05
	163. PARK24 CO LTD SPN A D R		2016-12-07	2019-06-05
	2134.472 PRINCIPAL GL R E SEC INS		2016-05-10	2019-06-27
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	277		277
b	47,424	40,000	7,424
c	7,250	7,792	-542
d	14,442	10,237	4,205
e	2,502	1,613	889
	8,964	6,343	2,621
	21		21
	245	148	97
	27,513	23,315	4,198
	3,107	5,961	-2,854
	3,242	4,780	-1,538
	3,791	2,300	1,491
	7,097	6,917	180
	1,738	2,168	-430
	6,574	3,649	2,925
	3,929	2,944	985
	6,493	8,270	-1,777
	19,909	18,157	1,752
	6,570	6,975	-405
	4,601	8,333	-3,732
	1,407	1,661	-254
	6,983	4,617	2,366
	9,618	7,248	2,370
	2,157	1,729	428
	5,088	4,688	400
	8,542	4,746	3,796
	2,607	3,388	-781
	68		68
	3	3
	2,541	1,886	655
	3,530	1,948	1,582
	2,106	2,431	-325
	2,486	3,183	-697
	3,066	2,953	113
	2,178	1,366	812
	2,867	5,101	-2,234
	2,134	1,939	195
	2,201	3,248	-1,047
	3,068	2,001	1,067
	1,773	1,454	319
	2,440	1,898	542
	2,782	2,429	353
	2,903	2,737	166
	1,938	2,687	-749
	3,403	2,443	960
	3,261	2,431	830
	3,146	2,426	720
	1,305	965	340
	2,215	2,261	-46
	2,241	2,560	-319
	3,023	3,403	-380
	2,750	1,755	995
	1,859	1,860	-1
	3,233	3,797	-564
	3,074	3,074
	1,676	1,406	270
	3,279	1,681	1,598
	7,027	5,548	1,479
	4,616	2,374	2,242
	2,762	2,220	542
	7,560	6,695	865
	6,786	2,989	3,797
	17,387	20,240	-2,853
	93		93
	7,666	4,338	3,328
	2,906	1,672	1,234
	1,595	1,589	6
	11,475	16,785	-5,310
	150	112	38
	38,024	39,314	-1,290
	9,325	5,757	3,568
	111		111
	3,638	4,837	-1,199
	3,246	4,406	-1,160
	21,772	20,000	1,772
			6,616

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			277
b			7,424
c			-542
d			4,205
e			889
			2,621
			21
			97
			4,198
			-2,854
			-1,538
			1,491
			180
			-430
			2,925
			985
			-1,777
			1,752
			-405
			-3,732
			-254
			2,366
			2,370
			428
			400
			3,796
			-781
			68

			655
			1,582
			-325
			-697
			113
			812
			-2,234
			195
			-1,047
			1,067
			319
			542
			353
			166
			-749
			960
			830
			720
			340
			-46
			-319
			-380
			995
			-1
			-564

			270
			1,598
			1,479
			2,242
			542
			865
			3,797
			-2,853
			93
			3,328
			1,234
			6
			-5,310
			38
			-1,290
			3,568
			111
			-1,199
			-1,160
			1,772

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	43,214
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 ...................		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? Yes No

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 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))
2017
2016
2015
2014
2013

Total of line 1, column (d) .....................

Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......

Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......

Multiply line 4 by line 3......................

Enter 1% of net investment income (1% of Part I, line 27b)...........

Add lines 5 and 6........................

Enter qualifying distributions from Part XII, line 4,.............

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 (2018)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	1,251
	hereand 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	1,251
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	1,251
6	Credits/Payments:

a	2018 estimated tax payments and 2017 overpayment credited to 2018	6a	2,572
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	2,572
8	Enter any penalty for underpayment of estimated tax. Check here 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.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	1,321
11	Enter the amount of line 10 to be: Credited to 2019 estimated tax1,252	Refunded	11	69

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions

for definition).................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.

If "Yes," complete Part XIV .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2018)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

The books are in care of bullet

US BANK NATIONAL ASSOCIATION Telephone no. bullet

(651) 466-8040

Located at bullet

101 EAST 5TH ST 14TH FLOORST PAULMN ZIP+4 bullet

551011860

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ........ bullet

16 At any time during calendar year 2018, 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 the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country bullet

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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 instructions ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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 2018?.............

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)):

At the end of tax year 2018, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2018?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

If "Yes," did it have excess business holdings in 2018 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 2018.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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 2018?

Form 990-PF (2018)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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 ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .................YesNo

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 1	35,959
800 NICOLLET MALL MINNEAPOLIS,MN554027020	CORPORATE TRUSTEE 1	35,959

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...................				0

Form 990-PF (2018)

Page 7

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

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............. bullet

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

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 instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2018)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

1,570,407

Average of monthly cash balances.......................

77,105

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

1,647,512

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

1,647,512

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

24,713

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

1,622,799

Minimum investment return. Enter 5% of line 5..................

81,140

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

81,140

Tax on investment income for 2018 from Part VI, line 5......

1,251

Income tax for 2018. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

1,251

Distributable amount before adjustments. Subtract line 2c from line 1............

79,889

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

79,889

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

79,889

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

186,349

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

186,349

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.................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

186,349

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 (2018)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2017	(c) 2017	(d) 2018
1 Distributable amount for 2018 from Part XI, line 7					79,889
2 Undistributed income, if any, as of the end of 2018:
a Enter amount for 2017 only.......				98,881
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2018:
a From 2013......	0
b From 2014......	0
c From 2015......	0
d From 2016......	0
e From 2017......	0
fTotal of lines 3a through e........		0
4Qualifying distributions for 2018 from Part
XII, line 4: $ 186,349
a Applied to 2017, but not more than line 2a				98,881
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 2018 distributable amount.....					79,889
e Remaining amount distributed out of corpus		7,579
5 Excess distributions carryover applied to 2018.		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		7,579
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 2017. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2018. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2019 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2013 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2019. Subtract lines 7 and 8 from line 6a ......		7,579
10 Analysis of line 9:
a Excess from 2014....	0
b Excess from 2015....	0
c Excess from 2016....	0
d Excess from 2017....	0
e Excess from 2018....	7,579

Form 990-PF (2018)

Page 10

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 2018, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

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) 2018	(b) 2017	(c) 2016	(d) 2015	(e) Total

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 foundation 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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or email address 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 (2018)

Page 11

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
AMERICAN HEART ASSOCIATION 4701 W 77 ST MINNEAPOLIS,MN55435	NONE	PC	GENERAL OPERATING	22,837
CHILDRENS HOME SOCIETY & FAMILY SERV ATTN LYNN VARCO 1605 EUSTIS STREET SAINT PAUL,MN551081219	NONE	PC	GENERAL OPERATING	22,837
J AND L DUKE FOUNDATION PO BOX 64713 ST PAUL,MN55164	NONE	PF	GENERAL OPERATING	91,346
UNIVERSITY OF DUBUQUE ATTN VP OF FINANCE 2000 UNIVERSITY AVE DUBUQUE,IA52001	NONE	PC	GENERAL OPERATING	45,673
Total ................................. 3a				182,693

bApproved for future payment

Total ................................. 3b

Form 990-PF (2018)

Page 12

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	(e) Related or exempt function income (See instructions.)
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 ...........
4 Dividends and interest from securities....			14	53,995
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	43,214
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)..				97,209

13Total. Add line 12, columns (b), (d), and (e)..................

97,209

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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 (2018)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

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) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2018)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2018 ExpenditureResponsibilityStmt

Name:

JOSEPH C DUKE FOUNDATION

EIN:

41-6554802

Grantee's Name	Grantee's Address	Grant Date	Grant Amount	Grant Purpose	Amount Expended By Grantee	Any Diversion By Grantee?	Dates of Reports By Grantee	Date of Verification	Results of Verification
J AND L DUKE FOUNDATION C/O US BANK NA	PO BOX 0634 MILWAUKEE,WI53201	2019-06-28	91,346	FUTHER THE DUKE FAMILY CHARITABLE GIVING GOALS		NONE	05/10/2019	2019-05-10

- TIN:

TY 2018 InvestmentsCorpBondsSchedule

Name:

JOSEPH C DUKE FOUNDATION

EIN:

41-6554802

Name of Bond	End of Year Book Value	End of Year Fair Market Value
31420B300 FEDERATED INST HI YL
670678622 NUVEEN CORE PLUS BON
63872T620 LOOMIS SAYLES STRATE

- TIN:

TY 2018 InvestmentsCorpStockSchedule

Name:

JOSEPH C DUKE FOUNDATION

EIN:

41-6554802

Name of Stock	End of Year Book Value	End of Year Fair Market Value
M22465104 CHECK POINT SOFTWARE
136375102 CANADIAN NATL RY CO	7,678	10,265
12637N204 CSL LIMITED A D R
904767704 UNILEVER PLC SPSD AD	5,866	9,110
23304Y100 DBS GROUP HLDGS LTD	9,041	13,669
05946K101 BANCO BILBAO VIZCAYA	13,491	11,220
87184P109 SYSMEX CORP UNSPON A	5,264	6,042
501173207 KUBOTA LTD A D R	7,828	8,340
018805101 ALLIANZ SE A D R	9,772	15,363
478160104 JOHNSON JOHNSON	32,330	38,302
501044101 KROGER CO	36,446	29,569
464287234 ISHARES MSCI EMERGIN
803054204 SAP SE SPONSORED A D	13,675	21,067
88031M109 TENARIS SA ADR
701491102 PARK24 CO LTD SPN A
307305102 FANUC CORPORATION A	4,268	4,546
780259107 ROYAL DUTCH SHELL A	6,695	7,823
04530Y106 ASPEN PHARMACARE HL	5,472	1,812
571748102 MARSH MCLENNAN COS I	28,760	41,297
595017104 MICROCHIP TECHNOLOGY	21,045	28,351
502117203 LOREAL UNSPONSORED A	8,514	13,767
404280406 HSBC HOLDINGS PLC SP	5,274	5,218
398438408 GRIFOLS SA A D R	3,132	4,515
45104G104 ICICI BANK LTD A D R	4,115	7,290
002824100 ABBOTT LABORATORIES	17,453	37,172
548661107 LOWES CO INC	27,564	36,731
857477103 STATE STR CORP	45,276	31,730
91324P102 UNITED HEALTH GROUP	18,668	39,286
58933Y105 MERCK AND CO INC	26,962	37,229
832696405 JM SMUCKER CO THE	37,658	34,327
780259206 ROYAL DUTCH SHELL PL	19,112	23,360
670678507 NUVEEN REAL ESTATE S
74254V273 PRINCIPAL GL R E SEC
237545108 DASSAULT SYSTEMES SA	3,858	8,322
358029106 FRESENIUS MED AKTIEN
83569C102 SONOVA HOLDING UNSPO	3,832	7,297
072743305 BAYERISCHE MOTOREN S	3,417	4,229
87155N109 SYMRISE AG UNSPON A	4,503	7,290
674599105 OCCIDENTAL PETROLEUM	26,807	19,861
452308109 ILLINOIS TOOL WORKSI	31,757	37,552
031162100 AMGEN INC	33,444	42,569
88579Y101 3M CO	15,997	15,774
641069406 NESTLE SA SPONSORED	9,224	20,266
803866300 SASOL LTD SPONSORED	3,512	3,181
009126202 AIR LIQUIDE S A A D	3,433	4,804
049255706 ATLAS COPCO AB SPONS	10,295	12,284
35952Q106 FUCHS PETROLUB SE PR
771195104 ROCHE HOLDINGS LTD S	14,138	18,954
465562106 ITAU UNIBANCO HOLDIN	3,935	5,511
874039100 TAIWAN SEMICONDUCTOR	15,912	20,055
001317205 AIA GROUP LTD ADR	9,514	17,433
384802104 GRAINGER W W INC	23,016	26,018
742718109 PROCTER GAMBLE CO
681919106 OMNICOM GROUP INC	33,880	32,534
166764100 CHEVRON CORPORATION	22,711	24,888
718172109 PHILIP MORRIS INTL	35,026	30,156
45662N103 INFINEON TECHNOLOGIE	11,674	9,305
92937A102 WPP PLC SPONSORED A
61022V107 MONOTARO CO LTD UNSP
05530H100 BBA AVIATION PLC UNS
056752108 BAIDU COM INC A D R	12,875	8,919
053015103 AUTOMATIC DATA PROCE	10,831	18,352
03073E105 AMERISOURCEBERGEN CO	29,428	30,694
922908645 VANGUARD MID-CAP IND
378690606 GLENMEDE SC EQUITY P
63872T620 LOOMIS SAYLES STRATE
806857108 SCHLUMBERGER LTD	9,761	4,610
072730302 BAYER AG A D R
40052P107 GRUPO FIN BANORTE SP
466140100 JGC CORP UNSPONSORED
126650100 CVS HEALTH CORPORATI	44,817	29,806
001055102 AFLAC INC	22,545	35,243
256677105 DOLLAR GENERAL CORP	25,341	45,008
23405X209 DAITO TRUST CONS SPN
40415F101 H D F C BK LTD A D R	4,309	6,372
54338V101 LONZA GROUP AG UNSPO	8,276	10,441
948596101 WEIBO CORP-SPON ADR
778296103 ROSS STORES INC	25,081	37,071
205887102 CONAGRA FOODS INC	33,423	23,232
631512209 NASPERS LTD N SPON A	2,542	4,213
87974R208 TEMENOS GROUP AG SP	6,487	7,683
670108109 NOVOZYMES A S UNSPON	4,682	4,188
02209S103 ALTRIA GROUP INC	29,369	22,255
00687A107ADIDAS AG A D R	6,270	8,482
015393101ALFA LAVAL AB A D R	3,900	5,435
02319V103AMBEV SA SPN A D R	7,690	7,701
16941M109CHINA MOBILE LIMITED	8,087	7,111
171269103CHUGAI PHARMACEUTIC	7,255	6,860
249034109DENTSU INC UNSPON A	4,525	3,283
25243Q205DIAGEO PLC SPONSORED	8,991	9,822
EPIROC AB UNSP A D R	4,730	5,070
344419106FOMENTO ECONOMICO ME	7,264	7,837
FUCHS PETROLUB SE PREF A D R	4,450	4,262
37940X102GLOBAL PAYMENTS INC	19,011	27,222
500458401KOMATSU LTD SPONS A	4,592	4,098
69343P105LUKOIL PJSC SPON A D	6,216	5,797
72341E304PING AN INSURANCE A	8,132	8,939
767204100 RIO TINTO PLC A D R	4,900	5,050
4609.84	4,958	4,828
88032Q109TENCENT HLDGS LTD A	5,147	5,250
90460M204UNI CHARM CORPORATIO	4,944	4,321
G5494J103LINDE PLC	8,080	10,040
M22465104CHECK POINT SOFTWARE	12,047	15,376
N97284108YANDEX NV	3,965	5,586

- TIN:

TY 2018 InvestmentsOtherSchedule2

Name:

JOSEPH C DUKE FOUNDATION

EIN:

41-6554802

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
00203H859 AQR MANAGED FUTURES
922908645VANGUARD MID CAP IND	AT COST	24,064	31,274
31420B300FEDERATED INST HI YL	AT COST	58,455	57,844
87245P684TIAA CREF BOND PLUS	AT COST	153,420	156,020
464287234ISHARES MSCI EMERGIN	AT COST	23,939	21,455
670678507NUVEEN REAL ESTATE S	AT COST	232,046	238,905

- TIN:

TY 2018 OtherExpensesSchedule

Name:

JOSEPH C DUKE FOUNDATION

EIN:

41-6554802

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
STATE FILING FEE/TAXES	25	0		25
ADR FEES	463	463		0

- TIN:

TY 2018 OtherIncreasesSchedule

Name:

JOSEPH C DUKE FOUNDATION

EIN:

41-6554802

Description	Amount
COST BASIS ADJUSTMENT	8,668

- TIN:

TY 2018 OtherProfessionalFeesSchedule

Name:

JOSEPH C DUKE FOUNDATION

EIN:

41-6554802

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
OTHER EXPENSE (NON-DEDUCTIBLE	352	317		35

- TIN:

TY 2018 TaxesSchedule

Name:

JOSEPH C DUKE FOUNDATION

EIN:

41-6554802

Category	Amount	Net Investment Income
FOREIGN TAXES	1,520	1,520
FEDERAL ESTIMATES - PRINCIPAL	815	0
FOREIGN TAXES ON NONQUALIFIED	6	6