TY 2022 Form 990

- TIN:

Form990

Department of the TreasuryInternal Revenue Service

Return of Organization Exempt From Income Tax

Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)

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

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public Inspection

A For the 2021 calendar year, or tax year beginning 07-01-2022 , and ending 06-30-2023

BCheck if applicable: Address change Name change Initial return Final return/terminated Amended return Application pending

CName of organization
DUKE UNIVERSITY

Doing business as

Number and street (or P.O. box if mail is not delivered to street address)
2200 W MAIN STREET STE 300

Room/suite

City or town, state or province, country, and ZIP or foreign postal code
DURHAM, NC27705

D Employer identification number

56-0532129

E Telephone number

G Gross receipts $ 3,782,592,930

F Name and address of principal officer:
VINCENT E PRICE
2200 W MAIN STREET
DURHAM,NC27705

Tax-exempt status: 501(c)(3) 501(c) ( ) LeftBullet

(insert no.) 4947(a)(1) or 527

Website:

WWW.DUKE.EDU

H(a)

Is this a group return for
subordinates? Yes No

H(b)

Are all subordinates
included?

Yes No

If "No," attach a list. See instructions.

H(c)

Group exemption number MediumBullet

K Form of organization: Corporation Trust Association Other MediumBullet

L Year of formation: 1841

M State of legal domicile: NC

Part I

Summary

1	Briefly describe the organization’s mission or most significant activities: TO PROVIDE A SUPERIOR LIBERAL EDUCATION, TO PREPARE FUTURE MEMBERS OF LEARNED PROFESSIONS, TO ADVANCE THE FRONTIERS OF KNOWLEDGE, AND TO HELP THOSE WHO SUFFER, CURE DISEASE, AND PROMOTE HEALTH
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	36
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	33
5	Total number of individuals employed in calendar year 2021 (Part V, line 2a) ......	5	30,976
6	Total number of volunteers (estimate if necessary) .............	6	15,931
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	5,099,016
b	Net unrelated business taxable income from Form 990-T, Part I, line 11 .........	7b	259,663

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	1,744,843,238	1,964,557,359
9	Program service revenue (Part VIII, line 2g) .........	1,263,463,598	1,320,374,965
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	1,484,259,112	323,632,413
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	111,812,854	138,632,538
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	4,604,378,802	3,747,197,275
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	431,669,101	438,172,420
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	1,953,685,984	2,071,953,805
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	1,736,716	1,387,210
b	Total fundraising expenses (Part IX, column (D), line 25) 82,144,418
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	1,237,181,061	1,328,748,376
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	3,624,272,862	3,840,261,811
19	Revenue less expenses. Subtract line 18 from line 12.......	980,105,940	-93,064,536
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	20,871,034,050	20,396,848,043
21	Total liabilities (Part X, line 26).............	4,716,557,214	4,631,285,047
22	Net assets or fund balances. Subtract line 21 from line 20.....	16,154,476,836	15,765,562,996

Part II

Signature Block

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 officer) is based on all information of which preparer has any knowledge.

Sign Here

	Signature of officer	Date

	Type or print name and title

Paid Preparer Use Only

Print/Type preparer's name

Preparer's signature

Date

Check if
self-employed

PTIN

Firm's name MediumBullet

Firm's EIN MediumBullet

Firm's address MediumBullet

Phone no.

May the IRS discuss this return with the preparer shown above? (see instructions) ..........YesNo

For Paperwork Reduction Act Notice, see the separate instructions.

Cat. No. 11282Y Form 990 (2021)

Form 990 (2021)

Page 2

Part III

Statement of Program Service Accomplishments

Check if Schedule O contains a response or note to any line in this Part III..............

Briefly describe the organization’s mission: SEE SCHEDULE O

Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? ..................... Yes No

If "Yes," describe these new services on Schedule O.

Did the organization cease conducting, or make significant changes in how it conducts, any program
services? ........................... Yes No

If "Yes," describe these changes on Schedule O.

Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.


4a	(Code: ) (Expenses $ 1,852,505,124 including grants of $ 387,170,903 ) (Revenue $ 1,027,913,714 )
	DUKE UNIVERSITY CONFERS UNDERGRADUATE, GRADUATE, AND PROFESSIONALDEGREES TO APPROXIMATELY 6,965 STUDENTS ANNUALLY

4b	(Code: ) (Expenses $ 1,174,597,573 including grants of $ 50,566,162 ) (Revenue $ 1,486,962,576 )
	DUKE UNIVERSITY ENGAGES IN WORLD-RENOWNED RESEARCH WORKSPONSORED BY NUMEROUS FEDERAL, STATE, LOCAL AGENCIES, AND PRIVATE GRANTS

4c	(Code: ) (Expenses $ 390,183,495 including grants of $ 435,355 ) (Revenue $ 186,755,923 )
	DUKE UNIVERSITY AUXILIARY ENTERPRISES PROVIDE SUPPORTSERVICES TO THE DUKE UNIVERSITY COMMUNITY

4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses3,417,286,192

Form 990 (2021)

Page 3

Part IV

Checklist of Required Schedules

Yes

Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule A Click to see attachment

List of Attached Documents:

// Content

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

Yes

Is the organization required to complete Schedule B, Schedule of Contributors? See instructions. Click to see attachment

List of Attached Documents:

// Content

...

Yes

Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes," complete Schedule C, Part I Click to see attachment

List of Attached Documents:

// Content

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

Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II Click to see attachment

List of Attached Documents:

// Content

.........

Yes

Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Rev. Proc. 98-19? If "Yes," complete Schedule C, Part III Click to see attachment

List of Attached Documents:

// Content

Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part I Click to see attachment

List of Attached Documents:

// Content

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

Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part II Click to see attachment

List of Attached Documents:

// Content

....

Yes

Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes,"
complete Schedule D, Part III Click to see attachment

List of Attached Documents:

// Content

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

Yes

Did the organization report an amount in Part X, line 21 for escrow or custodial account liability; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If "Yes," complete Schedule D, Part IV Click to see attachment

List of Attached Documents:

// Content

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

Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi endowments? If "Yes," complete Schedule D, Part V......

Yes

If the organization’s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X, as applicable.

Did the organization report an amount for land, buildings, and equipment in Part X, line 10? If "Yes," complete
Schedule D, Part VI. Click to see attachment

List of Attached Documents:

// Content

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

11a

Yes

Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VII Click to see attachment

List of Attached Documents:

// Content

.......

11b

Yes

Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIII Click to see attachment

List of Attached Documents:

// Content

.......

11c

Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part IX Click to see attachment

List of Attached Documents:

// Content

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

11d

Yes

Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part X Click to see attachment

List of Attached Documents:

// Content

11e

Yes

Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, Part X Click to see attachment

List of Attached Documents:

// Content

11f

12a

Did the organization obtain separate, independent audited financial statements for the tax year? If "Yes," complete
Schedule D, Parts XI and XII Click to see attachment

List of Attached Documents:

// Content

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

12a

Was the organization included in consolidated, independent audited financial statements for the tax year? If "Yes," and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional Click to see attachment

List of Attached Documents:

// Content

12b

Yes

Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E Click to see attachment

List of Attached Documents:

// Content

Yes

14a

Did the organization maintain an office, employees, or agents outside of the United States? .....

14a

Yes

Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If "Yes," complete Schedule F, Parts I and IV......... Click to see attachment

List of Attached Documents:

// Content

14b

Yes

Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? If “Yes,” complete Schedule F, Parts II and IV..... Click to see attachment

List of Attached Documents:

// Content

Yes

Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If “Yes,” complete Schedule F, Parts III and IV... Click to see attachment

List of Attached Documents:

// Content

Yes

Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part I. See instructions. .... Click to see attachment

List of Attached Documents:

// Content

Yes

Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If "Yes," complete Schedule G, Part II............ Click to see attachment

List of Attached Documents:

// Content

Yes

Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If "Yes," complete Schedule G, Part III................... Click to see attachment

List of Attached Documents:

// Content

20a

Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H....

20a

If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return?

20b

Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II..... Click to see attachment

List of Attached Documents:

// Content

Yes

Form 990 (2021)

Page 4

Part IV

Checklist of Required Schedules (continued)

Yes

Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III........ Click to see attachment

List of Attached Documents:

// Content

Yes

Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5, about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If "Yes," complete Schedule J....................... Click to see attachment

List of Attached Documents:

// Content

Yes

24a

Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer lines 24b through 24d and complete Schedule K. If “No,” go to line 25a............... Click to see attachment

List of Attached Documents:

// Content

24a

Yes

Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...

24b

Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds? ...............

24c

Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year?...

24d

25a

Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If "Yes," complete Schedule L, Part I .... Click to see attachment

List of Attached Documents:

// Content

25a

Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If "Yes," complete Schedule L, Part I....................... Click to see attachment

List of Attached Documents:

// Content

25b

Did the organization report any amount on Part X, line 5 or 22 for receivables from or payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part II Click to see attachment

List of Attached Documents:

// Content

...........

Did the organization provide a grant or other assistance to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or employee thereof, a grant selection committee member, or to a 35% controlled entity (including an employee thereof) or family member of any of these persons?

If "Yes," complete

Schedule L, Part III Click to see attachment

List of Attached Documents:

// Content

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

Was the organization a party to a business transaction with one of the following parties (see the Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):

A current or former officer, director, trustee, key employee, creator or founder, or substantial contributor? If "Yes," complete Schedule L, Part IV...................... Click to see attachment

List of Attached Documents:

// Content

28a

A family member of any individual described in line 28a? If "Yes," complete Schedule L, Part IV..... Click to see attachment

List of Attached Documents:

// Content

28b

Yes

A 35% controlled entity of one or more individuals and/or organizations described in line 28a or 28b? If "Yes," complete Schedule L, Part IV.....................

28c

Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M.. Click to see attachment

List of Attached Documents:

// Content

Yes

Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If "Yes," complete Schedule M ................. Click to see attachment

List of Attached Documents:

// Content

Yes

Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N, Part I

Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part II........................

Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If "Yes," complete Schedule R, Part I............ Click to see attachment

List of Attached Documents:

// Content

Yes

Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Part II, III, or IV, and Part V, line 1......................... Click to see attachment

List of Attached Documents:

// Content

Yes

35a

Did the organization have a controlled entity within the meaning of section 512(b)(13)?

35a

Yes

If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If "Yes," complete Schedule R, Part V, line 2 ... Click to see attachment

List of Attached Documents:

// Content

35b

Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If "Yes," complete Schedule R, Part V, line 2............. Click to see attachment

List of Attached Documents:

// Content

Yes

Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part VI Click to see attachment

List of Attached Documents:

// Content

Did the organization complete Schedule O and provide explanations on Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............

Yes

Part V

Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response or note to any line in this Part V...........

Yes

Enter the number reported in box 3 of Form 1096. Enter -0- if not applicable ..

12,690

Enter the number of Forms W-2G included on line 1a. Enter -0- if not applicable .

Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................

Yes

Form 990 (2021)

Page 5

Part V

Statements Regarding Other IRS Filings and Tax Compliance (continued)

Enter the number of employees reported on Form W-3, Transmittal of Wage and
Tax Statements, filed for the calendar year ending with or within the year covered by this return ..................

30,976

If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file. See instructions.

Yes

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

Yes

If “Yes,” has it filed a Form 990-T for this year? If “No” to line 3b, provide an explanation in Schedule O...

Yes

At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)? ..

Yes

If "Yes," enter the name of the foreign country: MediumBullet

SP , UK , TZ , CH , SN , MA , IN , KE , SW , DA , NO , MY , PL , PO , GR , EI , GM , IS , HU
See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).

Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? ..

Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?

If "Yes," to line 5a or 5b, did the organization file Form 8886-T? ............

Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions? ...

If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? ......................

Organizations that may receive deductible contributions under section 170(c).

Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor? ....................

Yes

If "Yes," did the organization notify the donor of the value of the goods or services provided? .....

Yes

Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282? .........................

If "Yes," indicate the number of Forms 8282 filed during the year ....

Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?

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

If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required? ......................

Yes

If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C? ..........................

Sponsoring organizations maintaining donor advised funds. Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year? ........

Sponsoring organizations maintaining donor advised funds.

Did the sponsoring organization make any taxable distributions under section 4966?........

Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?...

Section 501(c)(7) organizations. Enter:

Initiation fees and capital contributions included on Part VIII, line 12 ...

10a

Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities

10b

Section 501(c)(12) organizations. Enter:

Gross income from members or shareholders .........

11a

Gross income from other sources. (Do not net amounts due or paid to other sources against amounts due or received from them.) ..........

11b

12a

Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?

12a

If "Yes," enter the amount of tax-exempt interest received or accrued during the year.

12b

Section 501(c)(29) qualified nonprofit health insurance issuers.

Is the organization licensed to issue qualified health plans in more than one state? .........
Note. See the instructions for additional information the organization must report on Schedule O.

13a

Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans ....

13b

Enter the amount of reserves on hand ............

13c

14a

Did the organization receive any payments for indoor tanning services during the tax year?.....

14a

If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule O..

14b

Is the organization subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or excess parachute payment(s) during the year? ....................
If "Yes," see the instructions and file Form 4720, Schedule N.

Yes

Is the organization an educational institution subject to the section 4968 excise tax on net investment income? ..
If "Yes," complete Form 4720, Schedule O.

Yes

Section 501(c)(21) organizations. Did the trust, any disqualified person, or mine operator engage in any activities that would result in the imposition of an excise tax under section 4951, 4952, or 4953? ..
If "Yes," complete Form 6069.

Form 990 (2021)

Page 6

Part VI

Governance, Management, and Disclosure. For each "Yes" response to lines 2 through 7b below, and for a "No" response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.

Check if Schedule O contains a response or note to any line in this Part VI..............

Section A. Governing Body and Management

Yes

Enter the number of voting members of the governing body at the end of the tax year

If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.

Enter the number of voting members included in line 1a, above, who are independent

Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................

Yes

Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .

Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? .

Yes

Did the organization become aware during the year of a significant diversion of the organization’s assets? .

Did the organization have members or stockholders? ................

Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? ....................

Yes

Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................

Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:

The governing body? .......................

Yes

Each committee with authority to act on behalf of the governing body? ............

Yes

Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If "Yes," provide the names and addresses in Schedule O.......

Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)

Yes

10a

Did the organization have local chapters, branches, or affiliates? ............

10a

If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?

10b

11a

Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? ............................

11a

Yes

Describe on Schedule O the process, if any, used by the organization to review this Form 990. .....

12a

Did the organization have a written conflict of interest policy? If "No," go to line 13.......

12a

Yes

Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................

12b

Yes

Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe on Schedule O how this was done...................

12c

Yes

Did the organization have a written whistleblower policy? ...............

Yes

Did the organization have a written document retention and destruction policy? .........

Yes

Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?

The organization’s CEO, Executive Director, or top management official ...........

15a

Yes

Other officers or key employees of the organization ................

15b

Yes

If "Yes" to line 15a or 15b, describe the process on Schedule O. See instructions.

16a

Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................

16a

If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............

16b

Section C. Disclosure

List the states with which a copy of this Form 990 is required to be filed MediumBullet

MD , MA , MI , NH , NJ , NY , OR , SC

Section 6104 requires an organization to make its Form 1023 (1024 or 1024-A, if applicable), 990, and 990-T (section 501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.

Own website Another's website Upon request Other (explain in Schedule O)

Describe in Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.

State the name, address, and telephone number of the person who possesses the organization's books and records:
MediumBullet

DUKE UNIVERSITY2200 W MAIN STREET STE 300 DURHAM,NC27705 (919) 684-2006

Form 990 (2021)

Page 7

Part VII

Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors

Check if Schedule O contains a response or note to any line in this Part VII..............

Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees

1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet

List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

List all of the organization’s current key employees, if any. See the instructions for definition of "key employee."

List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (box 5 of Form W-2, Form 1099-MISC, and/or box 1 of Form 1099-NEC) of more than $100,000 from the
organization and any related organizations.

List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

See the instructions for the order in which to list the persons above.

Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.

(A) Name and title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)		(D) Reportable compensation from the organization (W-2/1099-MISC/1099-NEC)	(E) Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and title
(1) VINCENT E PRICE...................................................................... PRESIDENT/TRUSTEE	48.00 ................. 3.30	X	X	1,751,192	0	55,185
(2) DOHA ALI...................................................................... TRUSTEE	2.00 ................. 0.00	X		0	0	0
(3) MARY T BARRA...................................................................... TRUSTEE	2.00 ................. 0.00	X		0	0	0
(4) MICHAEL J BINGLE...................................................................... TRUSTEE	2.00 ................. 0.00	X		0	0	0
(5) LISA M BORDERS...................................................................... TRUSTEE	4.00 ................. 0.00	X		0	0	0
(6) TIMOTHY D COOK...................................................................... TRUSTEE	2.00 ................. 0.00	X		0	0	0
(7) EDDY H CUE...................................................................... TRUSTEE	2.00 ................. 0.00	X		0	0	0
(8) NANCY-ANN DEPARLE...................................................................... TRUSTEE	2.00 ................. 0.00	X		0	0	0
(9) XIQING GAO...................................................................... TRUSTEE	2.00 ................. 0.00	X		0	0	0
(10) EDWARD A GILHULY...................................................................... TRUSTEE	4.00 ................. 2.00	X		0	0	0
(11) MYCHAL D HARRISON...................................................................... TRUSTEE	2.00 ................. 0.10	X		0	0	0
(12) GERALD HASSELL...................................................................... TRUSTEE	4.00 ................. 2.00	X		0	0	0
(13) WILLIAM HAWKINS...................................................................... TRUSTEE	6.00 ................. 4.00	X		0	0	0
(14) GRANT H HILL...................................................................... TRUSTEE	2.00 ................. 0.00	X		0	0	0
(15) BETSY D HOLDEN...................................................................... TRUSTEE	4.00 ................. 0.00	X		0	0	0
(16) KATHRYN A HOLLISTER...................................................................... TRUSTEE	4.00 ................. 0.00	X		0	0	0
(17) WILLIAM G KAELIN JR...................................................................... TRUSTEE	2.00 ................. 0.00	X		0	0	0

Form 990 (2021)

Page 8

Part VII

Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)

(A) Name and title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)					(D) Reportable compensation from the organization (W-2/1099-MISC/1099-NEC)	(E) Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and title
(18) KAREN M KING........................................................................ TRUSTEE	2.00 .......................0.00	X					0	0	0
(19) PATRICIA RODERICK MORTON........................................................................ TRUSTEE	4.00 .......................0.00	X					0	0	0
(20) STEPHEN G PAGLIUCA........................................................................ TRUSTEE	1.00 .......................0.00	X					0	0	0
(21) GERARDO A PARRAGA........................................................................ TRUSTEE	2.00 .......................0.00	X					0	0	0
(22) ANN PELHAM........................................................................ TRUSTEE	4.00 .......................0.00	X					0	0	0
(23) ROBERT R PENN........................................................................ TRUSTEE	2.00 .......................0.00	X					0	0	0
(24) JB PRITZKER........................................................................ TRUSTEE	2.00 .......................0.00	X					0	0	0
(25) MICHAEL G RHODES........................................................................ TRUSTEE	2.00 .......................0.00	X					0	0	0
(26) CARMICHAEL S ROBERTS........................................................................ TRUSTEE	1.00 .......................1.10	X					0	0	0
(27) NANCY M SCHLICHTING........................................................................ TRUSTEE	2.00 .......................2.00	X					0	0	0
(28) STEVEN M SCOTT MD........................................................................ TRUSTEE	2.00 .......................0.00	X					0	0	0
(29) ADAM SILVER........................................................................ TRUSTEE	6.00 .......................0.00	X					0	0	0
(30) LAURENE M SPERLING........................................................................ TRUSTEE	6.00 .......................8.10	X					0	0	0
(31) ASHLEY CROWDER STANLEY........................................................................ TRUSTEE	2.00 .......................0.00	X					1,000	0	0
(32) L FREDERICK SUTHERLAND........................................................................ TRUSTEE	2.00 .......................0.00	X					0	0	0
(33) KELLY C TANG........................................................................ TRUSTEE	2.00 .......................0.00	X					0	0	0
(34) JEFFREY W UBBEN........................................................................ TRUSTEE	2.00 .......................0.00	X					0	0	0
(35) HOPE MORGAN WARD........................................................................ TRUSTEE	1.00 .......................0.00	X					0	0	0
(36) JAMES C ZELTER........................................................................ TRUSTEE	2.00 .......................0.10	X					0	0	0
(37) A EUGENE WASHINGTON MD........................................................................ CHANCELLOR HEALTH AFFAIRS	33.00 .......................33.20		X				3,142,252	0	51,351
(38) DANIEL G ENNIS........................................................................ EXECUTIVE VICE PRESIDENT	40.00 .......................0.30		X				1,287,344	0	69,119
(39) SALLY KORNBLUTH........................................................................ PROVOST	61.00 .......................0.40		X				932,669	43,500	49,629
(40) PAMELA J BERNARD........................................................................ VP & UNIVERSITY COUNSEL	50.00 .......................0.10		X				772,765	0	52,843
(41) JENNIFER FRANCIS........................................................................ INTERIM PROVOST	80.00 .......................0.00		X				944,968	0	51,457
(42) RACHEL SATTERFIELD........................................................................ TREASURER	40.00 .......................0.70		X				511,235	0	50,257
(43) MARGARET W EPPS........................................................................ UNIVERSITY SECRETARY	50.00 .......................0.00		X				407,425	0	55,134
(44) VICTORIA L NEVOIS........................................................................ INTERIM TREASURER	40.00 .......................0.10		X				362,006	0	45,270
(45) NEAL F TRIPLETT........................................................................ CHIEF INVESTMENT OFFICER	40.00 .......................0.40			X			4,191,717	0	100,820
(46) MARY E KLOTMAN MD........................................................................ VICE CHAN. FOR HEALTH AFFAIRS & DEAN OF SOM	44.00 .......................11.30			X			1,235,581	0	51,873
(47) JAMES SCOTT GIBSON........................................................................ EXEC VICE DEAN OF ADMIN, SOM	55.00 .......................0.50			X			854,623	0	63,399
(48) JOHN J NOONAN........................................................................ ASSOCIATE VP OF FACILITIES	50.00 .......................0.00			X			449,176	0	66,009
(49) JUSTIN B NIXON........................................................................ INVESTMENT MANAGER	40.00 .......................0.00			X			1,518,911	0	241,791
(50) MARK E CORIGLIANO........................................................................ INVESTMENT MANAGER	50.00 .......................0.00			X			1,232,608	0	231,249
(51) EVAN L JONES........................................................................ INVESTMENT MANAGER	50.00 .......................0.00			X			1,542,028	0	230,434
(52) VALERIE ASHBY........................................................................ PART YEAR DEAN, COLLEGE OF A & S	40.00 .......................0.00			X			358,800	0	40,971
(53) KAVITA NAYAR........................................................................ INVESTMENT MANAGER	40.00 .......................0.00			X			1,031,804	0	180,904
(54) GARY BENNETT........................................................................ PART YEAR DEAN, COLLEGE OF A & S	54.00 .......................0.00			X			413,061	0	57,295
(55) MOHAMED NOOR........................................................................ INTERIM DEAN, COLLEGE OF A & S	40.00 .......................0.10			X			390,495	0	55,493
(56) MICHAEL ELKO........................................................................ COACH	40.00 .......................0.00				X		3,843,212	0	80,271
(57) MICHAEL W KRZYZEWSKI........................................................................ COACH	40.00 .......................0.00				X		8,364,652	0	618,456
(58) WILLIAM J FULKERSON MD........................................................................ PROFESSOR	56.00 .......................0.00				X		1,763,663	0	43,312
(59) JONATHAN SCHEYER........................................................................ COACH	40.00 .......................0.00				X		1,665,386	0	42,928
(60) DAVID N CUTCLIFFE........................................................................ COACH	40.00 .......................0.00				X		4,334,560	0	33,535
(61) RICHARD RIDDELL........................................................................ FORMER OFFICER	40.00 .......................0.00					X	192,040	0	40,835
(62) JAMES S ROBERTS........................................................................ FORMER KEY EMPLOYEE	40.00 .......................0.00					X	108,912	0	15,463

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........	43,604,085	43,500	2,675,283

Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization MediumBullet

4,894

Yes

Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If "Yes," complete Schedule J for such individual ..............

Yes

For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If "Yes," complete Schedule J for such
individual...........................

Yes

Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If "Yes," complete Schedule J for such person ........

Section B. Independent Contractors

Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.

(A) Name and business address	(B) Description of services	(C) Compensation
LECHASE CONSTRUCTION SERVICES LLC 320 RONEY ST STE 100 DURHAM,NC27701	CONSTRUCTION SERVICE	18,585,665
BE&K BUILDING GROUP LLC 201 E MCBEE AVE SUITE 400 GREENVILLE,SC29601	CONSTRUCTION SERVICE	16,307,944
UNC-CH OFC OF SPONSORED RESEARCH FRANKLIN ST CHAPEL HILL,NC27599	SPONSORED RESEARCH	16,297,131
FORTREA INC PO BOX 931220 ATLANTA,GA31193	SPONSORED RESEARCH	14,711,048
ALLEGIS GROUP HOLDING INC 3689 COLLECTION CTR DR CHICAGO,IL60693	TEMPORARY SERVICES	13,815,545
2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 837

Form 990 (2021)

Page 9

Part VIII

Statement of Revenue

Check if Schedule O contains a response or note to any line in this Part VIII.............

(A)
Total revenue

(B)
Related or
exempt
function
revenue

(D)
Revenue
excluded from
tax under sections
512 - 514

1a	Federated campaigns..		1a
b	Membership dues..		1b
c	Fundraising events..		1c	3,285,982
d	Related organizations		1d	174,537,583
e	Government grants (contributions)		1e	1,025,911,970

f	All other contributions, gifts, grants, and similar amounts not included above		1f	760,821,824

g	Noncash contributions included in lines 1a - 1f:$		1g	68,686,213

h Total. Add lines 1a-1f.......		1,964,557,359

		Business Code
2a	TUITION & FEES	611600	977,153,567	977,153,567
b	ANCILLARY STUDENT SVCS	611600	187,191,278	187,191,278
c	CONTINUING EDUCATION	611600	42,704,433	42,704,433
d	CONFERENCE FEES	611600	8,055,714	8,055,714
e	ACADEMIC MED. RESEARCH	611600	2,744,685	2,744,685
f	All other program service revenue.		102,525,288	97,426,272	5,099,016
g	Total. Add lines 2a–2f .....		1,320,374,965

3 Investment income (including dividends, interest, and othersimilar amounts) ......			298,193,738			298,193,738
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........			86,703,957			86,703,957
		(ii) Personal	(i) Real
6a	Gross rents		32,431,364	6a
b	Less: rental expenses		18,930,355	6b
c	Rental income or (loss)		13,501,009	6c
d	Net rental income or (loss).......			13,501,009			13,501,009
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory	64,500	41,101,303	7a
b	Less: cost or other basis and sales expenses	2,638,128	13,089,000	7b
c	Gain or (loss)	-2,573,628	28,012,303	7c
d	Net gain or (loss).........			25,438,675			25,438,675
8a	Gross income from fundraising events (not including $ 3,285,982of contributions reported on line 1c). See Part IV, line 18 ....
			8a	114,400
b	Less: direct expenses ...		8b	738,172
c	Net income or (loss) from fundraising events..			-623,772			-623,772
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a
b	Less: direct expenses ...		9b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
			10a
b	Less: cost of goods sold ..		10b
c	Net income or (loss) from sales of inventory..
Business Code			Miscellaneous Revenue
11a	MISC SALES		611710	20,952,989	20,952,989
b	STUDENT DUES		611710	5,513,677	5,513,677
c	VARIOUS FEES AND FINES		611710	1,587,052	1,587,052
d	All other revenue ....			10,997,626	10,997,626
e	Total. Add lines 11a–11d ......			39,051,344
12	Total revenue. See instructions.....			3,747,197,275	1,354,327,293	5,099,016	423,213,607

Form 990 (2021)

Page 10

Part IX

Statement of Functional Expenses

Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).Check if Schedule O contains a response or note to any line in this Part IX..............

Do not include amounts reported on lines 6b, 7b, 8b, 9b, and 10b of Part VIII.		(A) Total expenses	(B) Program service expenses	(C) Management and general expenses	(D) Fundraising expenses

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....	40,958,368	40,958,368
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........	391,545,383	391,545,383
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............	5,668,669	5,668,669
4	Benefits paid to or for members .......
5	Compensation of current officers, directors, trustees, and key employees ...........	23,695,998	789,132	21,788,323	1,118,543
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........	1,120,211	750,071	370,140
7	Other salaries and wages........	1,629,437,305	1,395,847,039	192,272,336	41,317,930
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	119,648,923	102,559,867	13,854,283	3,234,773
9	Other employee benefits .......	185,588,641	158,363,974	22,203,608	5,021,059
10	Payroll taxes ...........	112,462,727	95,857,868	13,562,877	3,041,982
11	Fees for services (non-employees):
a	Management ......
b	Legal .........	31,711,524	2,787,866	28,881,606	42,052
c	Accounting ...........	682,580	23,351	659,229
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17	1,387,210			1,387,210
f	Investment management fees ......	32,996,118		32,996,118
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	180,874,156	146,922,503	32,861,470	1,090,183
12	Advertising and promotion ....	6,746,609	4,842,024	1,031,023	873,562
13	Office expenses .......	115,251,862	115,007,382	-1,260,959	1,505,439
14	Information technology ......	46,480,564	30,767,245	14,861,244	852,075
15	Royalties ..	78,660,763	37,192,301	41,468,462
16	Occupancy ...........	121,668,732	94,232,171	20,086,880	7,349,681
17	Travel ............	48,114,426	44,732,244	1,206,489	2,175,693
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....	43,842,192	32,734,494	2,661,445	8,446,253
20	Interest ...........	86,895,646	51,502,523	35,376,909	16,214
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..	274,184,212	256,088,054	18,096,158
23	Insurance ...	8,293,438	5,451,916	2,833,453	8,069
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	SUBRECIPIENT PAYMENTS	232,847,868	232,847,868
b	EQUIP RENTAL & MAINTENA	78,342,764	76,470,144	1,426,015	446,605
c	COST OF GOODS SOLD	20,278,207	17,602,421	2,370,515	305,271
d	PRINTING & PUBLICATIONS	5,298,791	3,859,695	232,934	1,206,162
e	All other expenses	-84,422,076	71,881,619	-159,009,357	2,705,662
25	Total functional expenses. Add lines 1 through 24e	3,840,261,811	3,417,286,192	340,831,201	82,144,418
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

Form 990 (2021)

Page 11

Part X

Balance Sheet

Check if Schedule O contains a response or note to any line in this Part IX..............

				(A) Beginning of year		(B) End of year

1	Cash–non-interest-bearing ........				1
2	Savings and temporary cash investments .........			132,747,395	2	47,270,158
3	Pledges and grants receivable, net ......			442,734,661	3	544,998,024
4	Accounts receivable, net .............			174,355,011	4	156,091,800
5	Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
					5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
					6
7	Notes and loans receivable, net ...........			18,087,616	7	14,699,834
8	Inventories for sale or use ............			24,006,750	8	21,939,757
9	Prepaid expenses and deferred charges ......			257,457,684	9	232,223,271
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	6,888,170,499
b	Less: accumulated depreciation	10b	4,331,544,341	2,657,947,973	10c	2,556,626,158
11	Investments—publicly traded securities .			3,324,769,216	11	3,617,498,643
12	Investments—other securities. See Part IV, line 11 .....			11,974,123,983	12	11,455,996,232
13	Investments—program-related. See Part IV, line 11 ..				13
14	Intangible assets ...............				14
15	Other assets. See Part IV, line 11 ...........			1,864,803,761	15	1,749,504,166
16	Total assets. Add lines 1 through 15 (must equal line 33)...			20,871,034,050	16	20,396,848,043

17	Accounts payable and accrued expenses .....	473,233,871	17	451,393,882
18	Grants payable ...		18
19	Deferred revenue .........	226,259,379	19	247,508,989
20	Tax-exempt bond liabilities .........	363,845,000	20	356,845,000
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
			22
23	Secured mortgages and notes payable to unrelated third parties ..	2,989,207	23	2,661,408
24	Unsecured notes and loans payable to unrelated third parties ..	2,269,883,991	24	2,265,875,717
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D	1,380,345,766	25	1,307,000,051
26	Total liabilities. Add lines 17 through 25..	4,716,557,214	26	4,631,285,047

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........	7,087,186,814	27	6,941,218,857
28	Net assets with donor restrictions ...........	9,067,290,022	28	8,824,344,139
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....		29
30	Paid-in or capital surplus, or land, building or equipment fund ...		30
31	Retained earnings, endowment, accumulated income, or other funds		31
32	Total net assets or fund balances ...........	16,154,476,836	32	15,765,562,996
33	Total liabilities and net assets/fund balances ........	20,871,034,050	33	20,396,848,043

Form 990 (2021)

Page 12

Part XI

Reconcilliation of Net Assets

Check if Schedule O contains a response or note to any line in this Part XI..............

Total revenue (must equal Part VIII, column (A), line 12) ............

3,747,197,275

Total expenses (must equal Part IX, column (A), line 25) ............

3,840,261,811

Revenue less expenses. Subtract line 2 from line 1 ..............

-93,064,536

Net assets or fund balances at beginning of year (must equal Part X, line 32, column (A)) ..

16,154,476,836

Net unrealized gains (losses) on investments ...............

-378,905,377

Donated services and use of facilities .................

Investment expenses .....................

Prior period adjustments .....................

Other changes in net assets or fund balances (explain in Schedule O) ........

83,056,073

Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 32, column (B))

15,765,562,996

Part XII

Financial Statements and Reporting

Check if Schedule O contains a response or note to any line in this Part XII.............

Yes

Accounting method used to prepare the Form 990: Cash Accrual Other
If the organization changed its method of accounting from a prior year or checked "Other," explain on
Schedule O.

Were the organization’s financial statements compiled or reviewed by an independent accountant?

If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:

Separate basis Consolidated basis Both consolidated and separate basis

Were the organization’s financial statements audited by an independent accountant?

Yes

If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:

Separate basis Consolidated basis Both consolidated and separate basis

If "Yes," to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?

Yes

If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.

As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133?

Yes

If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits.

Yes

Form 990 (2021)

Additional Data

Software ID:
Software Version:

Form 990, Special Condition Description:

Special Condition Description

- TIN:

SCHEDULE A
(Form 990)

Department of the Treasury
Internal Revenue Service

Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section 4947(a)(1) nonexempt charitable trust.
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Attach to Form 990 or Form 990-EZ.
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Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2022

Open to Public
Inspection

Name of the organization

DUKE UNIVERSITY

Employer identification number

56-0532129

Part I

Reason for Public Charity Status (All organizations must complete this part.) See instructions.

The organization is not a private foundation because it is: (For lines 1 through 12, check only one box.)

A church, convention of churches, or association of churches described in section 170(b)(1)(A)(i).

A school described in section 170(b)(1)(A)(ii). (Attach Schedule E (Form 990).)

A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii).

A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii). Enter the hospital's name, city, and state:

An organization operated for the benefit of a college or university owned or operated by a governmental unit described in section 170(b)(1)(A)(iv). (Complete Part II.)

A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v).

An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi). (Complete Part II.)

A community trust described in section 170(b)(1)(A)(vi). (Complete Part II.)

An agricultural research organization described in 170(b)(1)(A)(ix) operated in conjunction with a land-grant college or university or a non-land grant college of agriculture. See instructions. Enter the name, city, and state of the college or university:

An organization that normally receives: (1) more than 33 1/3% of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 33 1/3% of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)

An organization organized and operated exclusively to test for public safety. See section 509(a)(4).

An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section 509(a)(3). Check the box on lines 12a through 12d that describes the type of supporting organization and complete lines 12e, 12f, and 12g.

Type I. A supporting organization operated, supervised, or controlled by its supported organization(s), typically by giving the supported organization(s) the power to regularly appoint or elect a majority of the directors or trustees of the supporting organization. You must complete Part IV, Sections A and B.

Type II. A supporting organization supervised or controlled in connection with its supported organization(s), by having control or management of the supporting organization vested in the same persons that control or manage the supported organization(s). You must complete Part IV, Sections A and C.

Type III functionally integrated. A supporting organization operated in connection with, and functionally integrated with, its supported organization(s) (see instructions). You must complete Part IV, Sections A, D, and E.

Type III non-functionally integrated. A supporting organization operated in connection with its supported organization(s) that is not functionally integrated. The organization generally must satisfy a distribution requirement and an attentiveness requirement (see instructions). You must complete Part IV, Sections A and D, and Part V.

Check this box if the organization received a written determination from the IRS that it is a Type I, Type II, Type III functionally integrated, or Type III non-functionally integrated supporting organization.

Enter the number of supported organizations ...............................

Provide the following information about the supported organization(s).

(i) Name of supported organization	(ii) EIN	(iv) Is the organization listed in your governing document?		(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)
(i) Name of supported organization	(ii) EIN	Yes	No	(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)


Total

For Paperwork Reduction Act Notice, see the Instructions for
Form 990 or 990-EZ.

Cat. No. 11285F

Schedule A (Form 990) 2022

Page 2

Part II

Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization failed to qualify under the tests listed below, please complete Part III.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2018	(b) 2019	(c) 2020	(d) 2021	(e) 2022	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") ..	1,480,705,479	1,566,915,508	1,644,602,647	1,744,843,238	1,964,557,359	8,401,624,231
2	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf....
3	The value of services or facilities furnished by a governmental unit to the organization without charge..
4	Total. Add lines 1 through 3	1,480,705,479	1,566,915,508	1,644,602,647	1,744,843,238	1,964,557,359	8,401,624,231
5	The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) ..						3,015,643,327
6	Public support. Subtract line 5 from line 4.						5,385,980,904

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2018	(b) 2019	(c) 2020	(d) 2021	(e) 2022	(f) Total
7	Amounts from line 4..	1,480,705,479	1,566,915,508	1,644,602,647	1,744,843,238	1,964,557,359	8,401,624,231
8	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...	203,730,248	162,807,744	159,171,847	147,086,200	398,398,704	1,071,194,743
9	Net income from unrelated business activities, whether or not the business is regularly carried on..
10	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.)..	439,296,466	318,402,196	1,861,829,048	1,449,609,975	64,490,019	4,133,627,704
11	Total support. Add lines 7 through 10						13,606,446,678

Gross receipts from related activities, etc. (see instructions) ..................

5,946,794,971

First 5 years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here ........................................ right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2022 (line 6, column (f) divided by line 11, column (f)) .........

39.580 %

Public support percentage for 2020 Schedule A, Part II, line 14 ...............

39.270 %

16a

33 1/3% support test—2022. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization ....................... right arrow

33 1/3% support test—2021. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization ..................... right arrow

17a

10%-facts-and-circumstances test—2022. If the organization did not check a box on line 13, 16a, or 16b, and line 14 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization ............ right arrow

10%-facts-and-circumstances test—2021. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line 15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization ............ right arrow

Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow

Schedule A (Form 990) 2022

Page 3

Part III

Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 10 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2018	(b) 2019	(c) 2020	(d) 2021	(e) 2022	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .
2	Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose
3	Gross receipts from activities that are not an unrelated trade or business under section 513 .....
4	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5	The value of services or facilities furnished by a governmental unit to the organization without charge
6	Total. Add lines 1 through 5
7a	Amounts included on lines 1, 2, and 3 received from disqualified persons
b	Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.
c	Add lines 7a and 7b..
8	Public support. (Subtract line 7c from line 6.)

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2018	(b) 2019	(c) 2020	(d) 2021	(e) 2022	(f) Total
9	Amounts from line 6...
10a	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
b	Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.
c	Add lines 10a and 10b.
11	Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on.
12	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) ..
13	Total support. (Add lines 9, 10c, 11, and 12.)..

First 5 years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here................................................. right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2022 (line 8, column (f) divided by line 13, column (f)) .........

Public support percentage from 2021 Schedule A, Part III, line 15 ...............

Section D. Computation of Investment Income Percentage

Investment income percentage for 2022 (line 10c, column (f) divided by line 13, column (f)) ......

Investment income percentage from 2021 Schedule A, Part III, line 17 .............

19a

33 1/3% support tests-2022. If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ....... right arrow

33 1/3% support tests—2021. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ..... right arrow

Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions .... right arrow

Schedule A (Form 990) 2022

Page 4

Part IV

Supporting Organizations

(Complete only if you checked a box on line 12 of Part I. If you checked box 12a, of Part I, complete Sections A and B. If you checked box 12b, of Part I, complete Sections A and C. If you checked box 12c, of Part I, complete Sections A, D, and E. If you checked box12d, of Part I, complete Sections A and D, and complete Part V.)

Section A. All Supporting Organizations

Yes

Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.

Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).

Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer lines 3b and 3c below.

Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.

Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.

Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked box 12a or 12b in Part I, answer lines 4b and 4c below.

Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations.

Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.

Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer lines 5b and 5c below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed; (ii) the reasons for each such action; (iii) the authority under the organization's organizing document authorizing such action; and (iv) how the action was accomplished (such as by amendment to the organizing document).

Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?

Substitutions only. Was the substitution the result of an event beyond the organization's control?

Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (i) its supported organizations, (ii) individuals that are part of the charitable class benefited by one or more of its supported organizations, or (iii) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.

Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in section 4958(c)(3)(C)), a family member of a substantial contributor, or a 35% controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990) .

Did the organization make a loan to a disqualified person (as defined in section 4958) not described on line 7? If “Yes,” complete Part I of Schedule L (Form 990).

Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons, as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.

Did one or more disqualified persons (as defined on line 9a) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.

Did a disqualified person (as defined on line 9a) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If “Yes,” provide detail in Part VI.

10a

Was the organization subject to the excess business holdings rules of section 4943 because of section 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer line 10b below.

10a

Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).

10b

Schedule A (Form 990) 2022

Page 5

Part IV

Supporting Organizations (continued)

Yes

Has the organization accepted a gift or contribution from any of the following persons?

A person who directly or indirectly controls, either alone or together with persons described on lines 11b and 11c below, the governing body of a supported organization?

11a

A family member of a person described on 11a above?

11b

A 35% controlled entity of a person described on line 11a or 11b above? If “Yes” to 11a, 11b, or 11c, provide detail in Part VI.

11c

Section B. Type I Supporting Organizations

Yes

Did the officers, directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year.

Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.

Section C. Type II Supporting Organizations

Yes

Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).

Section D. All Type III Supporting Organizations

Yes

Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (i) a written notice describing the type and amount of support provided during the prior tax year, (ii) a copy of the Form 990 that was most recently filed as of the date of notification, and (iii) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?

Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).

By reason of the relationship described in line 2 above, did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.

Section E. Type III Functionally-Integrated Supporting Organizations

Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):

The organization satisfied the Activities Test. Complete line 2 below.

The organization is the parent of each of its supported organizations. Complete line 3 below.

The organization supported a governmental entity. Describe in Part VI how you supported a government entity (see instructions)

Activities Test. Answer lines 2a and 2b below.

Yes

Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.

Did the activities described on line 2a, above constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement.

Parent of Supported Organizations. Answer lines 3a and 3b below.

Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations?If "Yes" or "No", provide details in Part VI.

Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI. the role played by the organization in this regard.

Schedule A (Form 990) 2022

Page 6

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations

Check here if the organization satisfied the Integral Part Test as a qualifying trust on Nov. 20, 1970 (explain in Part VI). See instructions. All other Type III non-functionally integrated supporting organizations must complete Sections A through E.

	Section A - Adjusted Net Income		(A) Prior Year	(B) Current Year (optional)
1	Net short-term capital gain	1
2	Recoveries of prior-year distributions	2
3	Other gross income (see instructions)	3
4	Add lines 1 through 3	4
5	Depreciation and depletion	5
6	Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions)	6
7	Other expenses (see instructions)	7
8	Adjusted Net Income (subtract lines 5, 6 and 7 from line 4)	8

	Section B - Minimum Asset Amount		(A) Prior Year	(B) Current Year (optional)
1	Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year):	1
a	Average monthly value of securities	1a
b	Average monthly cash balances	1b
c	Fair market value of other non-exempt-use assets	1c
d	Total (add lines 1a, 1b, and 1c)	1d
e	Discount claimed for blockage or other factors (explain in detail in Part VI):
2	Acquisition indebtedness applicable to non-exempt use assets	2
3	Subtract line 2 from line 1d	3
4	Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions).	4
5	Net value of non-exempt-use assets (subtract line 4 from line 3)	5
6	Multiply line 5 by 0.035	6
7	Recoveries of prior-year distributions	7
8	Minimum Asset Amount (add line 7 to line 6)	8

	Section C - Distributable Amount		Current Year
1	Adjusted net income for prior year (from Section A, line 8, Column A)	1
2	Enter 85% of line 1	2
3	Minimum asset amount for prior year (from Section B, line 8, Column A)	3
4	Enter greater of line 2 or line 3	4
5	Income tax imposed in prior year	5
6	Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions)	6

Check here if the current year is the organization's first as a non-functionally-integrated Type III supporting organization (see instructions)

Schedule A (Form 990) 2022

Page 7

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations(continued)

Section D - Distributions		Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes	1
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity	2
3 Administrative expenses paid to accomplish exempt purposes of supported organizations	3
4 Amounts paid to acquire exempt-use assets	4
5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI)	5
6 Other distributions (describe in Part VI). See instructions	6
7Total annual distributions. Add lines 1 through 6.	7
8 Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions	8
9 Distributable amount for 2022 from Section C, line 6	9
10 Line 8 amount divided by Line 9 amount	10

Section E - Distribution Allocations (see instructions)		(i) Excess Distributions	(ii) Underdistributions Pre-2022	(iii) Distributable Amount for 2022
1 Distributable amount for 2022 from Section C, line 6
2 Underdistributions, if any, for years prior to 2022 (reasonable cause required-- explain in Part VI). See instructions.
3 Excess distributions carryover, if any, to 2022:
a From 2017.......
b From 2018.......
c From 2019.......
d From 2020.......
e From 2021.......
fTotal of lines 3a through e
g Applied to underdistributions of prior years
h Applied to 2022 distributable amount
i Carryover from 2017 not applied (see instructions)
j Remainder. Subtract lines 3g, 3h, and 3i from line 3f.
4Distributions for 2022 from Section D, line 7:
$
a Applied to underdistributions of prior years
b Applied to 2022 distributable amount
c Remainder. Subtract lines 4a and 4b from line 4.
5 Remaining underdistributions for years prior to 2022, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions.
6 Remaining underdistributions for 2022. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions.
7 Excess distributions carryover to 2023. Add lines 3j and 4c.
8 Breakdown of line 7:
a Excess from 2018.....
b Excess from 2019.....
c Excess from 2020.....
d Excess from 2021.....
e Excess from 2022.....

Schedule A (Form 990) (2022)

Schedule A (Form 990) 2022

Page 8

Part VI

Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).

Facts And Circumstances Test

Return Reference	Explanation
SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:	GAIN/LOSS ON SECURITIES - 2018 AMOUNT: $ 400,712,460. 2019 AMOUNT: $ 282,550,326. 2020 AMOUNT: $ 1,825,869,704 2021 AMOUNT: $ 1,407,117,622 2022 AMOUNT: $ 25,438,675. OTHER REVENUE - 2018 AMOUNT: $ 38,584,006. 2019 AMOUNT: $ 35,851,870. 2020 AMOUNT: $ 35,959,344. 2021 AMOUNT: $ 42,492,353. 2022 AMOUNT: $ 39,051,344.

Schedule A (Form 990) 2022

Additional Data

Software ID:
Software Version:

- TIN:

Schedule B
(Form 990)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2022

Name of the organization

DUKE UNIVERSITY

Employer identification number

56-0532129

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Arrow Bullet

Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990) (2022)

Schedule B (Form 990) (2022) Page 2

Name of organization DUKE UNIVERSITY

Part I Contributors	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
RESTRICTED	,	$ RESTRICTED	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2022)

Schedule B (Form 990) (2022)

Page 3

Name of organization DUKE UNIVERSITY		Employer identification number 56-0532129

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990) (2022)

Schedule B (Form 990) (2022)

Page 4


Name of organization DUKE UNIVERSITY			Employer identification number 56-0532129
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990) (2022)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE C
(Form 990)

Department of the Treasury
Internal Revenue Service

Political Campaign and Lobbying Activities

For Organizations Exempt From Income Tax Under section 501(c) and section 527

SchCMd Bullet

Complete if the organization is described below. SchCMd Bullet

Attach to Form 990 or Form 990-EZ.
SchCMd Bullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public
Inspection

If the organization answered "Yes" on Form 990, Part IV, Line 3, or Form 990-EZ, Part V, line 46 (Political Campaign Activities), then
Round Bullet

Section 501(c)(3) organizations: Complete Parts I-A and B. Do not complete Part I-C.
Round Bullet

Section 501(c) (other than section 501(c)(3)) organizations: Complete Parts I-A and C below. Do not complete Part I-B.
Round Bullet

Section 527 organizations: Complete Part I-A only.
If the organization answered "Yes" on Form 990, Part IV, Line 4, or Form 990-EZ, Part VI, line 47 (Lobbying Activities), then
Round Bullet

Section 501(c)(3) organizations that have filed Form 5768 (election under section 501(h)): Complete Part II-A. Do not complete Part II-B.
Round Bullet

Section 501(c)(3) organizations that have NOT filed Form 5768 (election under section 501(h)): Complete Part II-B. Do not complete Part II-A.
If the organization answered "Yes" on Form 990, Part IV, Line 5 (Proxy Tax) (see separate instructions) or Form 990-EZ, Part V, line 35c (Proxy Tax) (see separate instructions), then
Round Bullet

Section 501(c)(4), (5), or (6) organizations: Complete Part III.

Name of the organization

DUKE UNIVERSITY

Employer identification number

56-0532129

Part I-A

Complete if the organization is exempt under section 501(c) or is a section 527 organization.

Provide a description of the organization’s direct and indirect political campaign activities in Part IV. See instructions for definition of “political campaign activities."

Political campaign activity expenditures. See instructions .................................................................... SchCMd Bullet

Volunteer hours for political campaign activities. See instructions ..................................................................

Part I-B

Complete if the organization is exempt under section 501(c)(3).

Enter the amount of any excise tax incurred by the organization under section 4955 ................................ SchCMd Bullet

Enter the amount of any excise tax incurred by organization managers under section 4955 ....................... SchCMd Bullet

If the organization incurred a section 4955 tax, did it file Form 4720 for this year? .........................................

Yes No

Was a correction made? ......................................................................................................................

Yes No

If "Yes," describe in Part IV.

Part I-C

Complete if the organization is exempt under section 501(c), except section 501(c)(3).

Enter the amount directly expended by the filing organization for section 527 exempt function activities ..... SchCMd Bullet

Enter the amount of the filing organization's funds contributed to other organizations for section 527 exempt function activities ............................................................................................................................ SchCMd Bullet

Total exempt function expenditures. Add lines 1 and 2. Enter here and on Form 1120-POL, line 17b........... SchCMd Bullet

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

Yes No

Enter the names, addresses and employer identification number (EIN) of all section 527 political organizations to which the filing
organization made payments. For each organization listed, enter the amount paid from the filing organization’s funds. Also enter the amount of political contributions received that were promptly and directly delivered to a separate political organization, such as a separate segregated fund or a political action committee (PAC). If additional space is needed, provide information in Part IV.

(a) Name	(b) Address	(c) EIN	(d) Amount paid from filing organization's funds. If none, enter -0-.	(e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-.
1
2
3
4
5
6

For Paperwork Reduction Act Notice, see the instructions for Form 990.

Cat. No. 50084S

Schedule C (Form 990) 2021

Page 2

Part II-A

Complete if the organization is exempt under section 501(c)(3) and filed Form 5768 (election under section 501(h)).

A Check SchCMd Bullet

if the filing organization belongs to an affiliated group (and list in Part IV each affiliated group member's name, address, EIN, expenses, and share of excess lobbying expenditures).
B Check SchCMd Bullet

if the filing organization checked box A and "limited control" provisions apply.

Limits on Lobbying Expenditures (The term "expenditures" means amounts paid or incurred.)		(b) Affiliated group totals
1a	Total lobbying expenditures to influence public opinion (grass roots lobbying) ......................
b	Total lobbying expenditures to influence a legislative body (direct lobbying) ........................
c	Total lobbying expenditures (add lines 1a and 1b) ............................................................
d	Other exempt purpose expenditures ...............................................................................
e	Total exempt purpose expenditures (add lines 1c and 1d) ..................................................
f	Lobbying nontaxable amount. Enter the amount from the following table in both columns.
	If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:
	Not over $500,00020% of the amount on line 1e.
	Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.
	Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.
	Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.
	Over $17,000,000$1,000,000.

g	Grassroots nontaxable amount (enter 25% of line 1f) .................................................
h	Subtract line 1g from line 1a. If zero or less, enter -0-. ................................................
i	Subtract line 1f from line 1c. If zero or less, enter -0-. ................................................
j	If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting section 4911 tax for this year? ...................................................................................................................	Yes No

4-Year Averaging Period Under Section 501(h) (Some organizations that made a section 501(h) election do not have to complete all of the five columns below. See the separate instructions for lines 2a through 2f.)
Lobbying Expenditures During 4-Year Averaging Period
	Calendar year (or fiscal year beginning in)	(a) 2018	(b) 2019	(c) 2020	(d) 2021	(e) Total

2a	Lobbying nontaxable amount

b	Lobbying ceiling amount (150% of line 2a, column(e))

c	Total lobbying expenditures

d	Grassroots nontaxable amount

e	Grassroots ceiling amount (150% of line 2d, column (e))

f	Grassroots lobbying expenditures

Schedule C (Form 990) 2021

Page 3

Part II-B

Complete if the organization is exempt under section 501(c)(3) and has NOT filed Form 5768 (election under section 501(h)).

For each "Yes" response on lines 1a through 1i below, provide in Part IV a detailed description of the lobbying activity.

(a)

Yes|No

(b)

Amount

During the year, did the filing organization attempt to influence foreign, national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of:

Volunteers? ...........................................................................................................

Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ........

Yes

Media advertisements? ...................................................................................................

Mailings to members, legislators, or the public? .............................................................................

Publications, or published or broadcast statements? ...........................................................

Grants to other organizations for lobbying purposes? ..........................................................

Direct contact with legislators, their staffs, government officials, or a legislative body? .......................

Yes

378,580

Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ..................

Other activities? ...................................................................................................................

Yes

29,700

Total. Add lines 1c through 1i ....................................................................................................

408,280

Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .....

If "Yes," enter the amount of any tax incurred under section 4912 ...........................................

If "Yes," enter the amount of any tax incurred by organization managers under section 4912 ...................

If the filing organization incurred a section 4912 tax, did it file Form 4720 for this year? ........................

Part III-A

Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6).

Yes

Were substantially all (90% or more) dues received nondeductible by members? ...............................................

Did the organization make only in-house lobbying expenditures of $2,000 or less? ............................................

Did the organization agree to carry over lobbying and political expenditures from the prior year? .................................

Part III-B

Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6) and if either (a) BOTH Part III-A, lines 1 and 2, are answered "No" OR (b) Part III-A, line 3, is answered “Yes."

Dues, assessments and similar amounts from members ......................................................................

Section 162(e) nondeductible lobbying and political expenditures (do not include amounts of political expenses for which the section 527(f) tax was paid).

Current year .............................................................................................................................

Carryover from last year ............................................................................................................

Total ...........................................................................................................................................

Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues .

If notices were sent and the amount on line 2c exceeds the amount on line 3, what portion of the excess does the organization agree to carryover to the reasonable estimate of nondeductible lobbying and political expenditure next year? ......................................................................................................................

Taxable amount of lobbying and political expenditures. See Instructions .........................................

Part IV

Supplemental Information

Provide the descriptions required for Part l-A, line 1; Part l-B, line 4; Part l-C, line 5; Part II-A (affiliated group list); Part II-A, lines 1 and 2 (see instructions), and Part ll-B, line 1. Also, complete this part for any additional information.

Return Reference	Explanation
FORM 990, SCHEDULE C, PART II-B	DUKE UNIVERSITY EMPLOYS STAFF WHO PERFORM SOME LOBBYING ACTIVITIES AS PART OF THEIR JOB RESPONSIBILITIES. THESE SAME EMPLOYEES HAVE AND SOME SENIOR LEADERS OF THE ORGANIZATION MAY HAVE DIRECT CONTACT WITH LEGISLATORS, THEIR STAFFS, AND GOVERNMENT OFFICIALS. DUKE UNIVERSITY PAYS MEMBERSHIP DUES TO OTHER ORGANIZATIONS. PER THE MEMBERSHIP DUES INVOICES, SOME OF THESE ORGANIZATIONS PROVIDE A DISCLOSURE OF LOBBYING PERCENTAGE OF THE DUES RECEIVED.

Return Reference

Explanation

FORM 990, SCHEDULE C, PART II-B

DUKE UNIVERSITY EMPLOYS STAFF WHO PERFORM SOME LOBBYING ACTIVITIES AS PART OF THEIR JOB RESPONSIBILITIES. THESE SAME EMPLOYEES HAVE AND SOME SENIOR LEADERS OF THE ORGANIZATION MAY HAVE DIRECT CONTACT WITH LEGISLATORS, THEIR STAFFS, AND GOVERNMENT OFFICIALS. DUKE UNIVERSITY PAYS MEMBERSHIP DUES TO OTHER ORGANIZATIONS. PER THE MEMBERSHIP DUES INVOICES, SOME OF THESE ORGANIZATIONS PROVIDE A DISCLOSURE OF LOBBYING PERCENTAGE OF THE DUES RECEIVED.

Schedule C (Form 990) 2021

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Financial Statements

Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
SchDMd Bullet

Attach to Form 990.
SchDMd Bullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public Inspection

Name of the organization

DUKE UNIVERSITY

Employer identification number

56-0532129

Part I

Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.

		(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ........

Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization’s property, subject to the organization’s exclusive legal control? ............

Yes No

Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................

Yes No

Part II

Conservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.

Purpose(s) of conservation easements held by the organization (check all that apply).

Preservation of land for public use (e.g., recreation or education) Preservation of an historically important land area

Protection of natural habitat Preservation of a certified historic structure

Preservation of open space

Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.

			Held at the End of the Year
a	Total number of conservation easements ......................	2a	1
b	Total acreage restricted by conservation easements ....................	2b	0.21
c	Number of conservation easements on a certified historic structure included in (a) .....	2c	0
d	Number of conservation easements included in (c) acquired after 7/25/06, and not on a historic structure listed in the National Register ...	2d	0

Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year SchDMd Bullet

Number of states where property subject to conservation easement is located SchDMd Bullet

Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............

Yes No

Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................

Yes No

In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.

If the organization elected, as permitted under FASB ASC 958, not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.

If the organization elected, as permitted under FASB ASC 958, to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:

(i)

Revenue included on Form 990, Part VIII, line 1 ......................... SchDMd Bullet

$ 2,194,595

(ii)

Assets included in Form 990, Part X ............................... SchDMd Bullet

$ 54,362,516

If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under FASB ASC 958 relating to these items:

Revenue included on Form 990, Part VIII, line 1 .......................... SchDMd Bullet

Assets included in Form 990, Part X ............................... SchDMd Bullet

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 52283D

Schedule D (Form 990) 2021

Page 2

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)

Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):

Public exhibition

Loan or exchange programs

Scholarly research

Other

Preservation for future generations

Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.

During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...

Yes No

Part IV

Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.

Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................

Yes No


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...

Yes No

If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ....

Part V

Endowment Funds.
Complete if the organization answered "Yes" on Form 990, Part IV, line 10.

		(a) Current year	(b) Prior year	(c) Two years back	(d) Three years back	(e) Four years back

1a	Beginning of year balance ....	12,075,706,572	12,650,280,988	8,446,092,302	8,580,756,409	8,497,566,118
b	Contributions ...	184,965,874	152,726,663	179,916,138	386,986,275	177,375,334
c	Net investment earnings, gains, and losses	-254,889,234	-309,426,343	4,490,240,275	-41,907,680	398,470,450
d	Grants or scholarships ...	116,237,714	111,275,744	103,342,939	93,600,293	91,566,848
e	Other expenditures for facilities and programs ...	302,106,147	287,787,237	342,917,950	366,342,134	380,223,513
f	Administrative expenses ....	24,371,851	18,811,755	19,706,838	19,800,275	20,865,132
g	End of year balance ......	11,563,067,500	12,075,706,572	12,650,280,988	8,446,092,302	8,580,756,409

Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:

Board designated or quasi-endowment SchDMd Bullet

60.920 %

Permanent endowment SchDMd Bullet

29.250 %

Term endowment SchDMd Bullet

9.830 %

The percentages on lines 2a, 2b, and 2c should equal 100%.

Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes

(i) Unrelated organizations .................

3a(i)

Yes

(ii) Related organizations .................

3a(ii)

Yes

If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........

Yes

Describe in Part XIII the intended uses of the organization's endowment funds.

Part VI

Land, Buildings, and Equipment.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.

Description of property		(a) Cost or other basis (investment)	(b) Cost or other basis (other)	(c) Accumulated depreciation	(d) Book value

1a	Land .....	34,204,605		34,204,605
b	Buildings ....	4,870,803,287	2,816,476,528	2,054,326,759
c	Leasehold improvements	341,026,730	247,549,843	93,476,887
d	Equipment ....	912,904,747	723,229,037	189,675,710
e	Other .....	729,231,130	544,288,933	184,942,197
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				2,556,626,158

Schedule D (Form 990) 2021

Page 3

Part VII

Investments - Other Securities.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.

(a) Description of security or category (including name of security)	(b) Book value	(c) Method of valuation: Cost or end-of-year market value
(1) Financial derivatives.........
(2) Closely-held equity interests........
(3) Other (A) SHORT TERM INVESTMENTS	180,396,037	F
(B) US GOVERNMENT SECURITIES	1,499,802	F
(C) REAL ASSETS	1,611,262,215	F
(D) PRIVATE CAPITAL	5,172,060,450	F
(E) HEDGED STRATEGIES	2,442,161,311	F
(F) OTHER INVESTMENTS	-61,691,123	F
(G) FIXED INCOME	1,716,178,103	F
(H) EQUITIES	394,129,437	F
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)	11,455,996,232

Part VIII

Investments - Program Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.

(a) Description of investment	(b) Book value	(c) Method of valuation: Cost or end-of-year market value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

Part IX

Other Assets.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.

(a) Description				(b) Book value
(1)DEPOSITS WITH BOND TRUSTEE				3,518
(2)INTEREST IN PERPETUAL TRUST HELD BY OTHERS				1,134,789,233
(3)OPERATING LEASE RIGHT-OF-USE ASSET				614,711,415
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........				1,749,504,166

Part X

Other Liabilities.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.

1.(a) Description of liability	(b) Book value
(1) Federal income taxes
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	1,307,000,051
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII

Schedule D (Form 990) 2021

Page 4

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......		1
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d .....................		2e
3	Subtract line 2e from line 1..................		3
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b....................		4c
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......		5

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........		1
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a
b	Prior year adjustments ............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d....................		2e
3	Subtract line 2e from line 1...................		3
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.....................		4c
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......		5

Part XIII

Supplemental Information

Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b; Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.

Return Reference	Explanation
PART II, LINE 5:	DUKE FOREST, A DEPARTMENT WITHIN DUKE UNIVERSITY, IS COMMITTED TO PROTECTING THE PURPOSE OF THE CONSERVATION EASEMENT. ACCORDINGLY, A WRITTEN MONITORING PROGRAM WAS DEVELOPED TO MAINTAIN AND PROTECT 12 SIGNIFICANT NATURAL HERITAGE AREAS WITHIN NORTH CAROLINA, INCLUDING THE CONSERVATION EASEMENT NOTED ON SCHEDULE D, PART II. THE POLICY INCLUDES DETAILS ABOUT CONDUCTING AN ONSITE INSPECTION, DOCUMENTING ALL FINDINGS ACCORDING TO A SITE-SPECIFIC MONITORING CHECKLIST. A POST-MONITORING REPORT AND OTHER DOCUMENTATION IS COMPLETED AS NECESSARY. DUKE FOREST STAFF (AND OTHER EXPERTS AS NECESSARY) ARE CONSULTED TO DETERMINE IF STEWARDSHIP EFFORTS ARE NECESSARY TO ENSURE THE PURPOSE OF THE CONSERVATION EASEMENT. WHILE NOT IN THE WRITTEN DOCUMENT, THE INITIAL STEP TAKEN BY DUKE FOREST WOULD BE TO CONTACT THE RESPONSIBLE PARTY TO REQUEST REMEDY OF THE INFRACTION. SUBSEQUENT STEPS WOULD INCLUDE, BUT ARE NOT LIMITED TO CONSULTING WITH UNIVERSITY COUNSEL. THE EASEMENT DOCUMENTS DO NOT INCLUDE THE POLICY AS THE EASEMENT DOCUMENTS WERE CREATED BEFORE THE POLICY DOCUMENT.
PART II, LINE 9:	THE CONSERVATION EASEMENT REPORTED ABOVE WAS NOT INCLUDED IN DUKE UNIVERSITY'S STATEMENT OF ACTIVITIES, BALANCE SHEET, NOR FOOTNOTES TO THE FINANCIAL STATEMENTS.
SCHEDULE D, PART III, LINE 4	ART COLLECTION DUKE UNIVERSITY'S COLLECTION OF ART, INCLUDING THOSE PIECES MAINTAINED IN THE NASHER MUSEUM OF ART AT DUKE UNIVERSITY, FOSTERS THE UNDERSTANDING AND APPRECIATION OF THE VISUAL ARTS BY PROVIDING DIRECT EXPERIENCE WITH ORIGINAL WORKS OF ART SUPPORTED BY A RANGE OF EXHIBITIONS, PROGRAMS AND PUBLICATIONS FOR THE UNIVERSITY AND BROADER COMMUNITY. THE MUSEUM DRAWS ON THE INTELLECTUAL RESOURCES OF THE RESEARCH UNIVERSITY AND SERVES AS A LABORATORY OF THE ARTS DEDICATED TO MULTIDISCIPLINARY APPROACHES TO LEARNING.
SCHEDULE D, PART V, LINE 4	USE OF ENDOWMENT FUNDS THE INTENDED USES OF THE ENDOWMENT FUNDS ARE FOR INSTRUCTION, RESEARCH, LIBRARY AND FINANCIAL AID.
SCHEDULE D, PART X	LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FASB ASC 740 DUKE UNIVERSITY ADOPTED THE REQUIREMENTS OF FASB ASC 740 AND CONSIDERED ITS TAX POSITION. BASED ON THAT ANALYSIS, THE PROVISIONS OF FASB ASC 740 ARE DEEMED IMMATERIAL TO THE UNIVERSITY'S FINANCIAL STATEMENTS, AND THEREFORE, NO FASB ASC 740 SPECIFIC DISCLOSURES ARE MADE IN THE UNIVERSITY'S AUDITED FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED JUNE 30, 2023.

Schedule D (Form 990) 2021

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE E(Form 990)

Department of the Treasury
Internal Revenue Service

Schools

Complete if the organization answered "Yes" on Form 990,
Part IV, line 13, or Form 990-EZ, Part VI, line 48.
Right pointing arrow large image

Attach to Form 990 or Form 990-EZ.
Right pointing arrow large image

Go to www.irs.gov/Form990EZ for the latest information.

OMB No. 1545-0047 2022Open to Public Inspection

Name of the organization

DUKE UNIVERSITY

Employer identification number

56-0532129

Part I

YES

Does the organization have a racially nondiscriminatory policy toward students by statement in its charter, bylaws,

other governing instrument, or in a resolution of its governing body? . . . . . . . . . . . . . . . . . .

Yes

Does the organization include a statement of its racially nondiscriminatory policy toward students in all its

brochures, catalogues, and other written communications with the public dealing with student admissions,

programs, and scholarships? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

Has the organization publicized its racially nondiscriminatory policy on its primary publicly accessible Internet homepage at

all times during its taxable year in a manner reasonably expected to be noticed by visitors to the homepage, or through

newspaper or broadcast media during the period of solicitation for students, or during the registration period if it has no

solicitation program, in a way that makes the policy known to all parts of the general community it serves? If "Yes," please

describe. If "No," please explain. If you need more space use Part II. . . . . . . . . . . . . . . . . . .

Yes

Does the organization maintain the following?

Records indicating the racial composition of the student body, faculty, and administrative staff? . . . . . . . . .

Yes

Records documenting that scholarships and other financial assistance are awarded on a racially nondiscriminatory

basis? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

Copies of all catalogues, brochures, announcements, and other written communications to the public dealing

with student admissions, programs, and scholarships? . . . . . . . . . . . . . . . . . . . . . . .

Yes

Copies of all material used by the organization or on its behalf to solicit contributions? . . . . . . . . . . . .

Yes

If you answered "No" to any of the above, please explain. If you need more space, use Part II.

Does the organization discriminate by race in any way with respect to:

Students' rights or privileges? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Admissions policies? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Employment of faculty or administrative staff? . . . . . . . . . . . . . . . . . . . . . . . . .

Scholarships or other financial assistance? . . . . . . . . . . . . . . . . . . . . . . . . . .

Educational policies? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Use of facilities? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Athletic programs? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Other extracurricular activities? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

If you answered "Yes" to any of the above, please explain. If you need more space, use Part II.

Does the organization receive any financial aid or assistance from a governmental agency? . . . . . . . . . .

Yes

Has the organization's right to such aid ever been revoked or suspended? . . . . . . . . . . . . . . . .

If you answered "Yes" to either line 6a or line 6b, explain on Part II.

Does the organization certify that it has complied with the applicable requirements of sections 4.01 through 4.05

of Rev. Proc. 75-50, 1975-2 C.B. 587, as modified by Rev. Proc. 2019-22, 2019-22 I.R.B. 1260, covering racial nondiscrimination? If "No," explain on Part II. . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 50085D

Schedule E (Form 990) (2022)

Page 2

Part II

Supplemental Information. Provide the explanations required by Part I, lines 3, 4d, 5h, 6b, and 7, as applicable. Also provide
any other additional information. See instructions.

Return Reference

Explanation

FORM 990, SCHEDULE E, LINE 3

EQUAL OPPORTUNITY AND NON DISCRIMINATION STATEMENT DUKE UNIVERSITY AND DUKE UNIVERSITY HEALTH SYSTEM ("DUKE") ARE COMMITTED TO ENCOURAGING AND SUSTAINING A LEARNING AND WORK COMMUNITY FREE FROM DISCRIMINATION, HARASSMENT, AND RELATED MISCONDUCT. DUKE IS COMMITTED TO MAINTAINING AN INCLUSIVE COMMUNITY THAT RESPECTS AND VALUES ALL OF ITS MEMBERS, INCLUDING, BUT IS NOT LIMITED TO, FULL AND PART-TIME STUDENTS AND EMPLOYEES, INCLUDING FACULTY MEMBERS, PHYSICIANS, STAFF EMPLOYEES, UNDERGRADUATE STUDENTS, GRADUATE AND PROFESSIONAL STUDENTS, DOCTORAL STUDENTS, POSTDOCTORAL SCHOLARS AND FELLOWS, MEDICAL RESIDENTS, STUDENT EMPLOYEES, AND TEMPORARY AND CONTRACT EMPLOYEES, INCLUDING HOUSE STAFF, AND THIRD PARTIES WHO ARE WITHIN DUKE'S PROGRAMS AND ACTIVITIES, INCLUDING APPLICANTS FOR ADMISSION AND EMPLOYMENT, VISITORS, VISITING SCHOLARS, PATIENTS, EMPLOYEES OF DUKE CONTRACTORS, AND PROGRAM PARTICIPANTS. THE OFFICE FOR INSTITUTIONAL EQUITY (OIE) IS RESPONSIBLE FOR ADMINISTERING THE POLICY ON PROHIBITED DISCRIMINATION, HARASSMENT, AND RELATED MISCONDUCT ("POLICY") AND ITS IMPLEMENTING PROCEDURES. THE VICE PRESIDENT FOR INSTITUTIONAL EQUITY IS DUKE'S DESIGNATED COORDINATOR FOR SECTION 504 OF THE REHABILITATION ACT OF 1973 AND THE AGE DISCRIMINATION ACT OF 1975. THE ASSISTANT VICE PRESIDENT, HARASSMENT AND DISCRIMINATION PREVENTION AND COMPLIANCE IS DUKE'S DESIGNATED COORDINATOR FOR TITLE IX OF THE EDUCATION AMENDMENTS OF 1972. THESE OFFICERS MAY BE CONTACTED AT THE OFFICE FOR INSTITUTIONAL EQUITY, SMITH WAREHOUSE, 114 S. BUCHANAN BLVD., BAY 8, DURHAM, NORTH CAROLINA 27708, (919) 684-8222, OIE-HELP@DUKE.EDU. THIS POLICY PROHIBITS DISCRIMINATION AND HARASSMENT ON THE BASIS OF AGE, COLOR, DISABILITY, GENDER, GENDER EXPRESSION, GENDER IDENTITY, GENETIC INFORMATION, NATIONAL ORIGIN, RACE, RELIGION, SEX (INCLUDING PREGNANCY), SEXUAL ORIENTATION, OR VETERAN STATUS (COLLECTIVELY, "PROTECTED STATUS OR "PROTECTED CHARACTERISTICS"). THIS PROHIBITION INCLUDES DISCRIMINATION AND HARASSMENT BASED ON THE PERCEPTION OF AN INDIVIDUAL'S PROTECTED STATUS, EVEN IF THAT PERCEPTION IS INCORRECT. THE POLICY ALSO PROHIBITS RELATED MISCONDUCT, SUCH AS SEXUAL ASSAULT, RELATIONSHIP VIOLENCE, STALKING, AND RETALIATION. THIS POLICY APPLIES TO ALL OPERATIONS OF DUKE UNIVERSITY AND DUKE UNIVERSITY HEALTH SYSTEM. THE POLICY SHOULD BE READ CONSISTENTLY WITH ALL APPLICABLE FEDERAL, STATE AND LOCAL LAWS ADDRESSING DISCRIMINATION, HARASSMENT, AND RELATED MISCONDUCT. ADDITIONAL INFORMATION, INCLUDING THE COMPLETE TEXT OF THE POLICY ON PROHIBITED DISCRIMINATION, HARASSMENT, AND RELATED MISCONDUCT AND APPROPRIATE COMPLAINT PROCEDURES, MAY BE FOUND BY VISITING THE OFFICE FOR INSTITUTIONAL EQUITY'S WEBSITE AT: HTTPS://OIE.DUKE.EDU/. FOR FURTHER INFORMATION ON NOTICE OF NONDISCRIMINATION, YOU CAN CONTACT THE UNIVERSITY OFFICE NOTED ABOVE,OR VISIT HTTPS://WWW2.ED.GOV/ABOUT/OFFICES/LIST/OCR/INDEX.HTML, FOR THE ADDRESS AND PHONE NUMBER OF THE OFFICE FOR CIVIL RIGHTS, U.S. DEPARTMENT OF EDUCATION, OFFICE THAT SERVES YOUR AREA, OR CALL 1-800-421-3481. DISSEMINATION THE EQUAL EMPLOYMENT OPPORTUNITY POLICY IS DISTRIBUTED TO ALL MEMBERS OF THE DUKE COMMUNITY. POLICY INFORMATION IS PROVIDED TO NEW EMPLOYEES AT ORIENTATION SESSIONS AND TO UNION OFFICIALS REPRESENTING DUKE EMPLOYEES. THE EQUAL EMPLOYMENT OPPORTUNITY STATEMENT IS PUBLISHED IN HUMAN RESOURCE POLICY MANUALS, THE FACULTY HANDBOOK, THE STAFF HANDBOOK, AND IS POSTED ON BULLETIN BOARDS THROUGHOUT DUKE. THE POLICY IS DISCUSSED IN MANAGEMENT TRAINING PROGRAMS AND IS DESCRIBED IN VARIOUS LITERATURE DISTRIBUTED BY DUKE. NONDISCRIMINATION CLAUSES ARE INCLUDED IN ALL UNION AGREEMENTS AND ALL SUCH CONTRACTUAL PROVISIONS ARE REVIEWED TO ENSURE THAT THEY ARE NONDISCRIMINATORY [41 CFR 60-300.44(F) AND (G) & 41 CFR 60-741.44(F) AND (G)]. PURSUANT TO REGULATIONS, ALL DUKE PURCHASE ORDERS, LEASES, AND CONTRACTS INCORPORATE THE FOLLOWING EQUAL OPPORTUNITY CLAUSE SETTING FORTH DUKE'S EXPECTATIONS: THE CONTRACTOR AND SUBCONTRACTOR SHALL ABIDE BY THE REQUIREMENTS OF 1 CFR 60-1.4(A), 60-300.5(A) AND 60-741.5(A). THESE REGULATIONS PROHIBIT DISCRIMINATION AGAINST QUALIFIED INDIVIDUALS BASED ON THEIR STATUS AS PROTECTED VETERANS OR INDIVIDUALS WITH DISABILITIES, AND PROHIBIT DISCRIMINATION AGAINST ALL INDIVIDUALS BASED ON THEIR RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, GENDER IDENTITY OR NATIONAL ORIGIN. MOREOVER, THESE REGULATIONS REQUIRE THAT COVERED PRIME CONTRACTORS AND SUBCONTRACTORS TAKE AFFIRMATIVE ACTION TO EMPLOY AND ADVANCE IN EMPLOYMENT INDIVIDUALS WITHOUT REGARD TO RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, GENDER IDENTITY, GENDER EXPRESSION, NATIONAL ORIGIN, DISABILITY OR VETERAN STATUS. PUBLICATIONS AND OTHER DUKE MATERIALS REPRESENT ALL INDIVIDUALS, REGARDLESS OF DEMOGRAPHIC PROFILE AND INCLUDE SPECIAL CONSIDERATION OF PERSONS THAT CLAIM DISABILITY OR VETERAN STATUS. RECRUITING ADVERTISEMENTS STATE THAT DUKE IS AN EQUAL OPPORTUNITY/AFFIRMATIVE ACTION EMPLOYER. AN EXPANDED STATEMENT TO CONVEY DUKE'S COMMITMENT TO DIVERSITY AND INCLUSION IS INCLUDED IN DOCUMENTS AND POSITION DESCRIPTIONS: DUKE IS AN AFFIRMATIVE ACTION/EQUAL OPPORTUNITY EMPLOYER COMMITTED TO PROVIDING EMPLOYMENT OPPORTUNITY WITHOUT REGARD TO AN INDIVIDUAL'S AGE, COLOR, DISABILITY, GENDER, GENDER EXPRESSION, GENDER IDENTITY, GENETIC INFORMATION, NATIONAL ORIGIN, RACE, RELIGION, SEX, SEXUAL ORIENTATION, OR VETERAN STATUS.

FORM 990, SCHEDULE E, LINE 6

EXPLANATION OF GOVERNMENT FINANCIAL AID IN FUTHERANCE OF ITS EDUCATIONAL MISSIONS, DUKE UNIVERSITY RECEIVES FUNDS IN SUPPORT OF ITS UNDERGRADUATE AND GRADUATE STUDENTS. THESE FUNDS INCLUDE FINANCIAL AID PROGRAMS SUCH AS FEDERAL COLLEGE WORK STUDY, FEDERAL PERKINS FUNDS, FEDERAL STAFFORD LOAN FUNDS, FEDERAL PELL GRANT FUNDS, FEDERAL SEOG FUNDS, MEDICAL PROFESSION LOANS, FEDERAL NURSING LOANS, AND FEDERAL PLUS, ETC. ADDITIONAL STUDENT FINANCIAL AID IS RECEIVED IN THE FORM OF FELLOWSHIP SUPPORT FROM A VARIETY OF FEDERAL AGENCIES, INCLUDING NIH UNDER ITS INDIVIDUAL AND GRADUATE FELLOWSHIP PROGRAMS. IN ADDITION, DUKE UNIVERSITY RECEIVES COOPERATIVE AGREEMENTS FOR BOTH RESEARCH AND EDUCATIONAL PROGRAMS. ALTHOUGH THIS SUPPORT COMES FROM A WIDE VARIETY OF FEDERAL AGENCIES, THE NATIONAL INSTITUTE OF HEALTH, THE NATIONAL SCIENCE FOUNDATION, THE DEPARTMENT OF DEFENSE, AND THE DEPARTMENT OF ENERGY PROVIDE THE MAJORITY OF GRANTS AND COOPERATIVE AGREEMENTS.

Schedule E (Form 990) (2022)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE F(Form 990)

Department of the Treasury
Internal Revenue Service

Statement of Activities Outside the United States

Complete if the organization answered "Yes" to Form 990, Part IV, line 14b, 15, or 16. Right pointing arrow large image

Attach to Form 990. Right pointing arrow large image

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2022

Open to Public Inspection

Name of the organization
DUKE UNIVERSITY

Employer identification number

56-0532129

Part I

General Information on Activities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 14b.

For grantmakers. Does the organization maintain records to substantiate the amount of its grants and

other assistance, the grantees’ eligibility for the grants or assistance, and the selection criteria used

to award the grants or assistance? . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of its grants and other assistance outside the United States.

Activites per Region. (The following Part I, line 3 table can be duplicated if additional space is needed.)

(a) Region		(b) Number of offices in the region	(c) Number of employees, agents, and independent contractors in the region	(d) Activities conducted in region (by type) (such as, fundraising, program services, investments, grants to recipients located in the region)	(e) If activity listed in (d) is a program service, describe specific type of service(s) in the region	(f) Total expenditures for and investments in the region
	CENTRAL AMERICA AND THE CARIBBEAN	0	0	PROGRAM SERVICES	EDUCATION	93,000
	CENTRAL AMERICA AND THE CARIBBEAN	0	0	PROGRAM SERVICES	RESEARCH	114,000
	CENTRAL AMERICA AND THE CARIBBEAN	0	8	PROGRAM SERVICES	STUDY ABROAD	179,000
	CENTRAL AMERICA AND THE CARIBBEAN	0	0	SEMINAR		190,000
	EAST ASIA AND THE PACIFIC	0	0	GRANTMAKING		5,261,000
	EAST ASIA AND THE PACIFIC	0	0	PROGRAM SERVICES	EDUCATION	509,000
	EAST ASIA AND THE PACIFIC	0	0	PROGRAM SERVICES	RESEARCH	4,684,000
	EAST ASIA AND THE PACIFIC	0	3	PROGRAM SERVICES	STUDY ABROAD	565,000
	EAST ASIA AND THE PACIFIC	0	0	SEMINAR		1,247,000
	EUROPE	0	0	GRANTMAKING		319,000
	EUROPE	0	0	PROGRAM SERVICES	EDUCATION	991,000
	EUROPE	0	0	PROGRAM SERVICES	RESEARCH	5,440,000
	EUROPE	4	38	PROGRAM SERVICES	STUDY ABROAD	4,160,000
	EUROPE	0	0	SEMINAR		4,684,000
	MIDDLE EAST AND NORTH AFRICA	0	0	GRANTMAKING		7,000
	MIDDLE EAST AND NORTH AFRICA	0	0	PROGRAM SERVICES	EDUCATION	71,000
	MIDDLE EAST AND NORTH AFRICA	0	0	PROGRAM SERVICES	RESEARCH	46,000
	MIDDLE EAST AND NORTH AFRICA	0	6	PROGRAM SERVICES	STUDY ABROAD	266,000
	MIDDLE EAST AND NORTH AFRICA	0	0	SEMINAR		415,000
	NORTH AMERICA	0	0	GRANTMAKING		5,000
	NORTH AMERICA	0	0	PROGRAM SERVICES	EDUCATION	51,000
	NORTH AMERICA	0	0	PROGRAM SERVICES	RESEARCH	6,392,000
	NORTH AMERICA	0	0	PROGRAM SERVICES	STUDY ABROAD	58,000
	NORTH AMERICA	0	0	SEMINAR		625,000
	RUSSIA	0	0	GRANTMAKING		35,000
	RUSSIA	0	0	PROGRAM SERVICES	EDUCATION	21,000
	RUSSIA	0	0	PROGRAM SERVICES	RESEARCH	50,000
	RUSSIA	0	0	SEMINAR		31,000
	SOUTH AMERICA	0	0	PROGRAM SERVICES	EDUCATION	84,000
	SOUTH AMERICA	0	0	PROGRAM SERVICES	RESEARCH	1,034,000
	SOUTH AMERICA	0	6	PROGRAM SERVICES	STUDY ABROAD	151,000
	SOUTH AMERICA	0	0	SEMINAR		384,000
	SOUTH ASIA	0	0	PROGRAM SERVICES	EDUCATION	470,000
	SOUTH ASIA	0	0	PROGRAM SERVICES	RESEARCH	748,000
	SOUTH ASIA	0	0	PROGRAM SERVICES	STUDY ABROAD	19,000
	SOUTH ASIA	0	0	SEMINAR		154,000
	SUB-SAHARAN AFRICA	0	0	GRANTMAKING		42,000
	SUB-SAHARAN AFRICA	0	0	PROGRAM SERVICES	EDUCATION	165,000
	SUB-SAHARAN AFRICA	0	0	PROGRAM SERVICES	RESEARCH	3,751,000
	SUB-SAHARAN AFRICA	0	10	PROGRAM SERVICES	STUDY ABROAD	411,000
	SUB-SAHARAN AFRICA	0	0	SEMINAR		824,000
3a	Sub-total ....	0	11			11,595,000
b	Total from continuation sheets to Part I ...	4	60			33,151,000
c	Totals (add lines 3a and 3b)	4	71			44,746,000

For Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) 2022

Schedule F (Form 990) 2022

Page 2

Part II

Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 15, for any recipient who received more than $5,000. Part II can be duplicated if additional space is needed.

(c) Region	(d) Purpose of grant	(e) Amount of cash grant	(f) Manner of cash disbursement	(g) Amount of noncash assistance
EAST ASIA AND THE PACIFIC	GENERAL SUPPORT	5,257,409	WIRE	0
EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM	GENERAL SUPPORT	318,904	WIRE	0
MIDDLE EAST AND NORTH AFRICA	GENERAL SUPPORT	6,926	WIRE	0
SUB-SAHARAN AFRICA	GENERAL SUPPORT	32,580	WIRE	0

2	Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501(c)(3) equivalency letter .......	0
3	Enter total number of other organizations or entities .......................	7

Schedule F (Form 990) 2022

Schedule F (Form 990) 2022Page 3

Part III

Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 16.

Part III can be duplicated if additional space is needed.

	(b) Region	(c) Number of recipients	(d) Amount of cash grant	(e) Manner of cash disbursement
SEAREG FELLOWSHIP	EAST ASIA AND THE PACIFIC	2	3,500	WIRE
RETREAT SPONSORSHIP	NORTH AMERICA	1	5,000	WIRE
FACULTY DEVELOPMENT	RUSSIA	7	35,000	WIRE
GLOBAL COMMUNITY BASED EDUCATIO PROGRAM	SUB-SAHARAN AFRICA	2	9,350	WIRE

Schedule F (Form 990) 2022

Page 4

Part IV

Foreign Forms

Schedule F (Form 990) 2022

Page 5

Part V

Supplemental Information
Provide the information required by Part I, line 2 (monitoring of funds); Part I, line 3, column (f) (accounting method; amounts of investments vs. expenditures per region); Part II, line 1 (accounting method); Part III (accounting method); and Part III, column (c) (estimated number of recipients), as applicable. Also complete this part to provide any additional information. See instructions.

ReturnReference	Explanation
PART III ACCOUNTING METHOD:
SCHEDULE F, PART I, LINE 2:	PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS OUTSIDE THE UNITED STATES DUKE UNIVERSITY PERIODICALLY APPROVES GRANTS AND TRANSFERS GRANT FUNDS TO SEVERAL ORGANIZATIONS OUTSIDE THE UNITED STATES. IN PARTICULAR FOR SUBGRANT RECIPIENTS, A SERIES OF INTERNAL CONTROLS HAVE BEEN ESTABLISHED WHICH INCLUDE DETERMINATION OF WHETHER AN AUDIT WILL BE REQUIRED. DUKE UNIVERSITY HAS ESTABLISHED A DETAILED AND COMPETITIVE APPLICATION PROCESS WHICH ENSURES PROPER PURPOSE AND USE OF THESE GRANT FUNDS PRIOR TO ENGAGEMENT. FOLLOWING THE PROCUREMENT PROCESS, DUKE UNIVERSITY MONITORS SUBSEQUENT BILLING AND PERFORMANCE OF THE GRANT RECIPIENTS. INVOICES MUST BE SUBMITTED ACCORDING TO THE TERMS AND CONDITIONS WHICH MIRROR THE TERMS AND CONDITIONS OF THE ULTIMATE GRANTOR. PRIOR TO PAYMENT, CENTRALIZED DEPARTMENTS REVIEW DOCUMENTATION TO ENSURE THE EXPENSES ARE ALLOWABLE WITHIN THE TERMS OF THE GRANT. ULTIMATELY, THE ORGANIZATIONS AWARDED THESE GRANT FUNDS MUST MONITOR THE APPROPRIATE DISTRIBUTION OF THESE GRANT FUNDS IN THE ORDINARY COURSE OF BUSINESS AND REPORT SUCH INFORMATION TO DUKE UNIVERSITY.

Schedule F (Form 990) 2022

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE G (Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information Regarding
Fundraising or Gaming Activities

Complete if the organization answered "Yes" on Form 990, Part IV, lines 17, 18, or 19, or if the organization entered more than $15,000 on Form 990-EZ, line 6a. right arrow

Attach to Form 990 or Form 990-EZ.
right arrow

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2022

Open to Public Inspection

Name of the organization
DUKE UNIVERSITY

Employer identification number

56-0532129

Part I

Fundraising Activities.Complete if the organization answered "Yes" on Form 990, Part IV, line 17.

Form 990-EZ filers are not required to complete this part.

Indicate whether the organization raised funds through any of the following activities. Check all that apply.

a	Mail solicitations	e	Solicitation of non-government grants
b	Internet and email solicitations	f	Solicitation of government grants
c	Phone solicitations	g	Special fundraising events
d	In-person solicitations

Did the organization have a written or oral agreement with any individual (including officers, directors, trustees

or key employees listed in Form 990, Part VII) or entity in connection with professional fundraising services?

YesNo

If "Yes," list the 10 highest paid individuals or entities (fundraisers) pursuant to agreements under which the fundraiser is
to be compensated at least $5,000 by the organization.

(i) Name and address of individual or entity (fundraiser)		(ii) Activity	(iii) Did fundraiser have custody or control of contributions?		(iv) Gross receipts from activity	(v) Amount paid to (or retained by) fundraiser listed in col. (i)	(vi) Amount paid to (or retained by) organization
			Yes	No
	GRENZEBACH GLIER & ASSOCIATES SEE PART IV FOR ADDRESS CHICAGO, IL90404	FUNDRAISING CONSULTING, STRATEGIC PLANNING, COMMU.		No	0	0	189,465
	WITT KIEFFER INC SEE PART IV FOR ADDRESS OAK BROOK, IL60602	FUNDRAISING RELATED MARKETING & ADVERTISING		No	0	0	142,032
	SEFTEL PRODUCTIONS INC SEE PART IV FOR ADDRESS BROOKLYN, NY27603	FUNDRAISING RELATED MARKETING & ADVERTISING		No	0	0	111,800
	PHASE FIVE CREATIVE INC SEE PART IV FOR ADDRESS DURHAM, NC94025	FUNDRAISING RELATED GRAPHIC DESIGN & PHOTOGRAPHY		No	0	0	111,175
	COPPER REEF ENTERPRISES SEE PART IV FOR ADDRESS CARLSBAD, CA10286	FUNDRAISING CONSULTING, STRATEGIC PLANNING, COMMU.		No	0	0	108,731
	CHRISTOPHER V MARSHALL SEE PART IV FOR ADDRESS BETHLEHEM, PA10022	FUNDRAISING CONSULTING, STRATEGIC PLANNING, COMMU.		No	0	0	94,714
	BNY MELLON NA SEE PART IV FOR ADDRESS NEW YORK, NY60611	FUNDRAISING CONSULTING, STRATEGIC PLANNING, COMMU.		No	0	0	76,509
	QUANTUM SPARK LLC SEE PART IV FOR ADDRESS CINCINNATI, OH94305	FUNDRAISING CONSULTING, STRATEGIC PLANNING, COMMU.		No	0	0	60,750
	ROOSTER MEDIA PRODUCTIONS INC SEE PART IV FOR ADDRESS DURHAM, NC27713	FUNDRAISING RELATED GRAPHIC DESIGN & PHOTOGRAPHY		No	0	0	54,000
	QUICKBROWNFOX STUDIO LLC SEE PART IV FOR ADDRESS DURHAM, NC27616	FUNDRAISING RELATED MARKETING & ADVERTISING		No	0	0	52,375
Total . . . . . . . . . . . . . . . . . . . .							1,001,551

List all states in which the organization is registered or licensed to solicit contributions or has been notified it is exempt from registration or licensing.

AL, AK, AR, CA, CO, CT, DC, FL, GA, HI, IL, KS, KY, ME, MD, MA, MI, MN, MS, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, TN, UT, VA, WA, WV, WI

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 50083H

Schedule G (Form 990) 2022

Page 2

Part II

Fundraising Events. Complete if the organization answered "Yes" on Form 990, Part IV, line 18, or reported more than $15,000 of fundraising event contributions and gross income on Form 990-EZ, lines 1 and 6b. List events with gross receipts greater than $5,000.

		(a) Event #1 CMN (event type)	(b) Event #2 RADIOTHON (event type)	(c) Other events 6 (total number)	(d) Total events (add col. (a) through col. (c))
1	Gross receipts . . . . .	2,401,999	528,079	470,304	3,400,382
2	Less: Contributions . . . .	2,366,559	519,161	400,262	3,285,982
3	Gross income (line 1 minus line 2) . . . . . .	35,440	8,918	70,042	114,400

4	Cash prizes . . . . .
5	Noncash prizes . . . .			34,310	34,310
6	Rent/facility costs . . . .			16,264	16,264
7	Food and beverages . . .			16,974	16,974
8	Entertainment . . . .			495	495
9	Other direct expenses . . .	412,544	89,430	168,155	670,129
10	Direct expense summary. Add lines 4 through 9 in column (d) . . . . . . . . . .				738,172
11	Net income summary. Subtract line 10 from line 3, column (d). . . . . . . . . .				-623,772

Part III

Gaming. Complete if the organization answered "Yes" on Form 990, Part IV, line 19, or reported more than $15,000 on Form 990-EZ, line 6a.

		(a) Bingo	(b) Pull tabs/Instant bingo/progressive bingo	(c) Other gaming	(d) Total gaming (add col.(a) through col.(c))
1	Gross revenue . . . . .

2	Cash prizes . . . . .
3	Noncash prizes . . . .
4	Rent/facility costs . . . .
5	Other direct expenses . . .

Volunteer labor . . . .

	Yes %
	No

	Yes %
	No

	Yes %
	No

Direct expense summary. Add lines 2 through 5 in column (d) . . . . . . . . . . right arrow

Net gaming income summary. Subtract line 7 from line 1, column (d). . . . . . . . . right arrow

Enter the state(s) in which the organization conducts gaming activities:

Is the organization licensed to conduct gaming activities in each of these states? . . . . . . . .

YesNo

If "No," explain:

10a

Were any of the organization's gaming licenses revoked, suspended or terminated during the tax year? . . .

YesNo

If "Yes," explain:

Schedule G (Form 990) 2022

Page 3

Does the organization conduct gaming activities with nonmembers? . . . . . . . . . . .

YesNo

Is the organization a grantor, beneficiary or trustee of a trust or a member of a partnership or other entity

formed to administer charitable gaming? . . . . . . . . . . . . . . . . .

YesNo

Indicate the percentage of gaming activity conducted in:

The organization's facility . . . . . . . . . . . . . . . . . .

13a

An outside facility . . . . . . . . . . . . . . . . . . . .

13b

Enter the name and address of the person who prepares the organization's gaming/special events books and records:

Name

Address

15a

Does the organization have a contract with a third party from whom the organization receives gaming

revenue? . . . . . . . . . . . . . . . . . . . . . . . .

YesNo

If "Yes," enter the amount of gaming revenue received by the organization right arrow

$ and the

amount of gaming revenue retained by the third party right arrow

$ .

If "Yes," enter name and address of the third party:

Name

Address

Gaming manager information:

Name

Gaming manager compensation right arrow

Description of services provided right arrow

Director/officer Employee Independent contractor

Mandatory distributions:

Is the organization required under state law to make charitable distributions from the gaming proceeds to

retain the state gaming license? . . . . . . . . . . . . . . . . . . .

YesNo

Enter the amount of distributions required under state law distributed to other exempt organizations or spent

in the organization's own exempt activities during the tax year right arrow

Part IV

Supplemental Information. Provide the explanations required by Part I, line 2b, columns (iii) and (v); and Part III, lines 9, 9b, 10b, 15b, 15c, 16, and 17b, as applicable. Also provide any additional information. See instructions.

Return Reference

Explanation

SCHEDULE G, PART I, LINE 2B, LIST OF TEN HIGHEST PAID FUNDRAISERS:

(I) NAME OF FUNDRAISER: GRENZEBACH GLIER & ASSOCIATES (I) ADDRESS OF FUNDRAISER: 401 N. MICHIGAN AVE, CHICAGO, IL 60611 (I) NAME OF FUNDRAISER: WITT KIEFFER INC (I) ADDRESS OF FUNDRAISER: 2015 SPRING RD STE 510, OAK BROOK, IL 60523 (I) NAME OF FUNDRAISER: SEFTEL PRODUCTIONS INC (I) ADDRESS OF FUNDRAISER: 36 WAVERLY AVE STE 103, BROOKLYN, NY 11205 (I) NAME OF FUNDRAISER: PHASE FIVE CREATIVE INC (I) ADDRESS OF FUNDRAISER: 3623 CARLISLE DR, DURHAM, NC 27707 (I) NAME OF FUNDRAISER: COPPER REEF ENTERPRISES (I) ADDRESS OF FUNDRAISER: 6965 EL CAMINO REAL STE 105-488, CARLSBAD, CA 92009 (I) NAME OF FUNDRAISER: CHRISTOPHER V MARSHALL (I) ADDRESS OF FUNDRAISER: 1803 MEADOW RIDGE CT, BETHLEHEM, PA 18015 (I) NAME OF FUNDRAISER: BNY MELLON NA (I) ADDRESS OF FUNDRAISER: 1 WALL ST, NEW YORK, NY 10286 (I) NAME OF FUNDRAISER: QUANTUM SPARK LLC (I) ADDRESS OF FUNDRAISER: 8051 VILLAGE DRIVE, CINCINNATI, OH 45242 (I) NAME OF FUNDRAISER: ROOSTER MEDIA PRODUCTIONS INC (I) ADDRESS OF FUNDRAISER: 2102 FOREST RIDGE PLACE, DURHAM, NC 27705 (I) NAME OF FUNDRAISER: QUICKBROWNFOX STUDIO LLC (I) ADDRESS OF FUNDRAISER: 1812 CHAPEL HILL RD, DURHAM, NC 27707

SCHEDULE G, LINE 2(B), COLUMN (V)

DUKE UNIVERSITY ENTERS INTO AGREEMENTS WITH ENTITIES OR INDIVIDUALS LISTED ON SCHEDULE G, PART I, LINE 2(B), COLUMNS (I-V). THE AGREEMENTS PROVIDE THAT THE PAYMENT FOR REIMBURSEMENT OF SUCH EXPENSES WILL BE ISSUED IN ADDITION TO THE FEE FOR SERVICES RENDERED. THERE ARE NO AGREEMENTS THAT PROVIDE EXCLUSIVELY FOR EXPENSES, BUT NOT FOR PROFESSIONAL FUNDRAISING SERVICES.

Schedule G (Form 990) 2022

Additional Data

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

Schedule I
(Form 990)

Department of the Treasury
Internal Revenue Service

Grants and Other Assistance to Organizations,
Governments and Individuals in the United States

Complete if the organization answered "Yes," on Form 990, Part IV, line 21 or 22.
lBullet

Attach to Form 990.
lBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2022

Open to Public
Inspection

Name of the organization
DUKE UNIVERSITY

Employer identification number
56-0532129

Part I

General Information on Grants and Assistance

Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ........................

Yes No

Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.

Part II

Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" on Form 990, Part IV, line 21, for any recipient

that received more than $5,000. Part II can be duplicated if additional space is needed.

(a) Name and address of organization or government	(b) EIN	(c) IRC section (if applicable)	(d) Amount of cash grant	(e) Amount of non-cash assistance	(f) Method of valuation (book, FMV, appraisal, other)	(g) Description of noncash assistance	(h) Purpose of grant or assistance
(1) ALL IN CHALLENGE FOUNDATION 8100 NATIONS WAY JACKSONVILLE,FL32526	85-0636682	501(C)(3)	85,000	0			GENERAL SUPPORT
(2) AMERICAN MATHEMATICAL SOCIETY PO BOX 6248 PROVIDENCE,RI029042213	05-0264797	501(C)(3)	6,671	0			GENERAL SUPPORT
(3) AMERICAN PHYSICAL SOCIETY 1 PHYSICS ELLIPSE COLLEGE PARK,MD207403844	13-1656610	501(C)(3)	8,000	0			GENERAL SUPPORT
(4) ANNUNCIATION HOUSE INC 815 MYRTLE AVENUE EL PASO,TX79901	74-1152529	501(C)(3)	10,000	0			INNOVATION AWARD
(5) AUTISM SUPPORT AND ADVOCACY CENTER 1901 CHAPEL HILL RD DURHAM,NC27707	26-4613218	501(C)(3)	23,000	0			GENERAL SUPPORT
(6) BE CONNECTED DURHAM & BEYOND 815 S ROXBORO ST UNIT 302 DURHAM,NC27707	87-1870259	501(C)(3)	7,500	0			COMMUNITY SUPPORT
(7) BIKE DURHAM PO BOX 25236 DURHAM,NC27702	46-5356944	501(C)(3)	6,000	0			COMMUNITY SUPPORT
(8) BOOK HARVEST 2501 UNIVERSITY DR DURHAM,NC27707	45-2610533	501(C)(3)	7,167	0			COMMUNITY SUPPORT
(9) BRIGHAM AND WOMENS HOSPITAL INC 116 HUNTINGTON AVE 3RD FLOOR BOSTON,MA02116	04-2312909	501(C)(3)	253,726	0			RESEARCH GIFT
(10) CHANGING A GENERATION WITH FACE PO BOX 11587 DURHAM,NC27703	56-2158704	501(C)(3)	0	21,552	FMV	OFFICE FURNITURE/SUPPLIES	GENERAL SUPPORT
(11) CHRISTMAS CHEER AGENCY OF ALAMANCE COUNTY THE 2051 HATCHERY ROAD LOT 3 BURLINGTON,NC27215	31-1645511	501(C)(3)	0	9,900	FMV	ANTIMICROBIAL HAND SOAP	GENERAL SUPPORT
(12) CHURCH OF THE INCARNATION 3966 MCKINNEY AVE DALLAS,TX75024	75-0808771	501(C)(3)	12,000	0			SPONSORSHIP
(13) CITY OF DURHAM 101 CITY HALL PLAZA DURHAM,NC27701	56-6000225		5,000	355	FMV	OFFICE FURNITURE/SUPPLIES	COMMUNITY SUPPORT
(14) COMMUNITY EMPOWERMENT FUND 208 N COLUMBIA STREET CHAPEL HILL,NC27514	27-0428981	501(C)(3)	209,021	0			COMMUNITY SUPPORT
(15) CONNECTION PLACE INC 2705 TUPELO COURT RALEIGH,NC27610	20-0265175		6,000	0			COMMUNITY SUPPORT
(16) CUMBERLAND RESIDENTIAL AND EMPLOYMENT SERVICES TRAINING PO BOX 877 FAYETTEVILLE,NC28302	56-1258754	501(C)(3)	0	22,851	FMV	OFFICE FURNITURE/SUPPLILES	GENERAL SUPPORT
(17) DANA-FARBER CANCER INSTITUTE INC 450 BROOKLINE AVE DA1642 BOSTON,MA02115	04-2263040	501(C)(3)	291,452	0			RESEARCH GIFT
(18) DELTA KAPPA EPSILON FRATERNITY 300 SWIFT AVENUE APT 131 DURHAM,NC27708	56-1773030	501(C)(7)	5,020	0			GENERAL SUPPORT
(19) DONT EVER GIVE UP INC 14600 WESTON PKWY CARY,NC27513	47-5304184	501(C)(3)	50,000	0			SPONSORSHIP
(20) DURHAM COMMUNITY LAND TRUSTEES INC 1208 W CHAPEL HILL ST DURHAM,NC27701	56-1203878	501(C)(3)	262,500	0			COVID IMPACT/COMMUNITY SUPPORT
(21) DURHAM PUBLIC SCHOOLS 1616 COOPER ST BLDG 4 NEWTON CTR DURHAM,NC27703	56-6001021		8,500	4,764	FMV	OFFICE FURNITURE/SUPPLIES	COMMUNITY SUPPORT
(22) DURHAMCARES INC PO BOX 331 DURHAM,NC27702	26-2689130	501(C)(3)	17,000	0			GENERAL SUPPORT
(23) EMILY KRZYZEWSKI FAMILY LIFE CENTER 904 W CHAPEL HILL ST DURHAM,NC27701	56-2230469	501(C)(3)	208,550	0			GENERAL SUPPORT/SPONSORSHIP/WORK STUDY SUPPORT
(24) ENERGY TERMINAL LLC 701 RIDGEMONT AVE SAN ANTONIO,TX78209	87-4827573		10,000	0			CLEAN ENERGY PRIZE
(25) ESSMART GLOBAL INC 2071 HERMITAGE DRIVE WELLINGTON,FL33414	46-0810811		100,000	0			CASE AWARD
(26) ETA BETA ZETA PHI BETA SORORITY PO BOX 52522 DURHAM,NC27717	52-1609002	501(C)(7)	6,000	0			COVID INITIATIVE SUPPORT
(27) EVANGELISM FOR CHRIST INC 811 NINTH STREET STE 120-116 DURHAM,NC27705	86-1813847	501(C)(3)	0	51,900	FMV	CAFETERIA EQUIPMENT/SUPPLIES	GENERAL SUPPORT
(28) FARMER FOODSHARE INC 902 N MANGUM ST DURHAM,NC27701	27-3717889	501(C)(3)	218,326	617	FMV	OFFICE FURNITURE/SUPPLIES	COMMUNITY SUPPORT
(29) FRIENDS OF LAKEWOOD ELEMENTARY PTA 1505 BLOUNT STREET DURHAM,NC27707	47-4144611	501(C)(3)	12,300	0			COMMUNITY SUPPORT
(30) GOD 1ST PEOPLE 2ND 953 E MAIN ST DURHAM,NC27701	20-1412180	501(C)(3)	0	98,452	FMV	OFFICE FURNITURE/HOUSEWARES	GENERAL SUPPORT
(31) GORDON RESEARCH CONFERENCES 5586 POST RD G02 EAST GREENWICH,RI02818	26-0150662	501(C)(3)	10,500	0			GENERAL SUPPORT
(32) GRACE HELPING OTHERS INC 1863 CASCADE STREET FAYETTEVILLE,NC28301	86-1243692	501(C)(3)	6,000	0			COVID INITIATIVE SUPPORT
(33) GRADUATE CHEMISTRY COUNCIL 124 SCIENCE DR BOX 90354 DURHAM,NC27708	46-5754212		10,000	0			GENERAL SUPPORT
(34) HABITAT FOR HUMANITY OF DURHAM INC 215 N CHURCH ST DURHAM,NC27701	58-1674794	501(C)(3)	162,000	0			COMMUNITY SUPPORT/SPONSORSHIP/COVID RELIEF
(35) HABITAT FOR HUMANITY OF WAKE CO 2420 RALEIGH BLVD RALEIGH,NC27604	56-1492703	501(C)(3)	6,000	0			GENERAL SUPPORT
(36) HOUSING FOR NEW HOPE INC 18 W COLONY PLACE SUITE 250 DURHAM,NC27705	58-2089068	501(C)(3)	55,500	0			COMMUNITY SUPPORT/COVID RELIEF
(37) IGLESIA LA SEMILLA 806 CLARENDON ST DURHAM,NC27705	85-0541445	501(C)(3)	6,000	0			INNOVATION AWARD
(38) IGLESIA PRESBITERIANA EMANUEL 2504 N ROXBORO ST DURHAM,NC27704	81-4597593	501(C)(3)	20,800	10	FMV	OFFICE SUPPLIES	COMMUNITY SUPPORT
(39) INTERNATIONAL ASSOC OF WOMEN JUDGES 2000 M STREET NW SUITE 750C WASHINGTON,DC20036	30-0116135	501(C)(3)	30,000	0			BOLCH PRIZE
(40) KEEP DURHAM BEAUTIFUL 2011 FAY ST DURHAM,NC27704	02-0735076	501(C)(3)	25,000	0			COMMUNITY SUPPORT
(41) MILITARY MISSIONS IN ACTION 128 N ENNIS STREET FUQUAY VARINA,NC27526	26-1379308	501(C)(3)	0	12,300	FMV	SOAP/SANITIZER	GENERAL SUPPORT
(42) NC ALBERT SCHWEITZER FELLOWSHIP INC PO BOX 1636 DAVIDSON,NC28036	82-2682491	501(C)(3)	11,000	0			GENERAL SUPPORT
(43) NORTH CAROLINA CENTRAL UNIVERSITY 1801 FAYETTEVILLE STREET DURHAM,NC27707	56-6000730		7,000	0			BRIDGE INTERNSHIP PROGRAM SUPPORT
(44) NORTH RALEIGH MINISTRIES INC 9650 STRICKLAND RD STE 175 RALEIGH,NC27615	20-0496814	501(C)(3)	0	11,217	FMV	OFFICE FURNITURE	GENERAL SUPPORT
(45) OHIO STATE UNIVERSITY 154 N OVAL MALL DERBY HALL STE 1010 COLUMBUS,OH43210	31-6025986	501(C)(1)	12,696	0			SPONSORSHIP
(46) PACIFIC PEDIATRIC NEURO ONCOLOGY 1005 NORTHGATE DRIVE 224 SAN RAFAEL,CA94903	46-3152273	501(C)(3)	621,013	0			RESEARCH GIFT
(47) PHILADELPHIANS ORGANIZED TO WITNESS 1429 N 11TH ST PHILADELPHIA,PA19122	27-4327457	501(C)(3)	10,000	0			INNOVATION AWARD
(48) PIEDMONT WILDLIFE CENTER 364 LEIGH FARM RD DURHAM,NC27707	47-0890261	501(C)(3)	5,835	0			COMMUNITY SUPPORT
(49) POOF INC 1100 N MIAMI BLVD DURHAM,NC27703	88-1240641	501(C)(3)	6,000	0			COVID INITIATIVE SUPPORT
(50) PUBLIC LIBRARY OF CHARLOTTE & 101 EASTWAY DR CHARLOTTE,NC28213	56-6018623		50,000	0			DONATION-LIVING ARCHIVE PROJECT
(51) PUENTES COLLECTIVE INC 201 N WRIGHT STREET SANTA ANA,CA92701	92-0729845		10,000	0			INNOVATION AWARD
(52) REFORMED UNIVERSITY MINISTRIES 1700 NORTH BROWN RD STE 104 LAWRENCEVILLE,GA30043	58-1713181	501(C)(3)	5,550	0			GENERAL SUPPORT
(53) REINVESTMENT PARTNERS PO BOX 1929 DURHAM,NC277021929	31-1587628	501(C)(3)	250,000	0			COVID RELIEF
(54) RELIGIOUS COALITION FOR A PO BOX 52303 DURHAM,NC27717	20-1356454	501(C)(3)	8,500	0			GENERAL SUPPORT
(55) RESEARCH TRIANGLE FOUNDATION OF NC PO BOX 12255 RTP,NC27709	56-0853674	501(C)(4)	15,000	0			COMMUNITY SUPPORT
(56) RISE AGAINST HUNGER INC 4801 GLENWOOD AVE STE 200 RALEIGH,NC27612	16-1541024	501(C)(3)	8,856	0			GENERAL SUPPORT
(57) SCRAP EXCHANGE INC 2050 CHAPEL HILL RD DURHAM,NC27707	56-1728718	501(C)(3)	8,000	2,016	FMV	OFFICE FURNITURE/SUPPLIES	GENERAL SUPPORT
(58) SHACKLE FREE COMM OUTREACH AGENCY 705 KIWI STONE CIRCLE JACKSONVILLE,NC28546	83-4541531	501(C)(3)	6,000	0			COVID INITIATIVE SUPPORT
(59) SLICE 325 8231 HEMPSHIRE PLACE 103 RALEIGH,NC27613	37-1847680	501(C)(3)	5,000	49	FMV	OFFICE FURNITURE/SUPPLIES	COMMUNITY SUPPORT
(60) ST JOSEPHS HISTORIC FOUNDATION PO BOX 11548 DURHAM,NC277030548	56-1152267	501(C)(3)	8,000	0			COMMUNITY SUPPORT
(61) STANFORD UNIVERSITY 485 BROADWAY MC 8838 REDWOOD CITY,CA94063	94-1156365	501(C)(3)	149,452	0			RESEARCH GIFT
(62) STEPUP DURHAM 112 BROADWAY ST SUITE B DURHAM,NC27701	47-4578727	501(C)(3)	7,500	0			COMMUNITY SUPPORT
(63) STRONGHER TOGETHER INC PO BOX 52142 DURHAM,NC27707	82-1595797	501(C)(3)	7,000	0			COMMUNITY SUPPORT
(64) STUDENT U 600 E UMSTEAD ST DURHAM,NC27701	27-3460491	501(C)(3)	9,625	0			COMMUNITY SUPPORT
(65) SWINGPALS INC PO BOX 2994 DURHAM,NC27701	27-4234469	501(C)(3)	6,000	0			COMMUNITY SUPPORT
(66) TABERNACLE OF REDEEMING FAITH MINIS 1716 SOUTH ALSTON AVE DURHAM,NC27707	82-2966667	501(C)(3)	6,000	0			COVID RELIEF
(67) THE BALM IN GILEAD INC 620 MOOREFIELD PARK DR STE150 RICHMOND,VA23236	13-3696064	501(C)(3)	6,000	0			COVID RELIEF
(68) TROSA INC 1820 JAMES ST DURHAM,NC277072024	56-1861158	501(C)(3)	2,500	354,134	FMV	OFFICE FURNITURE/HOUSEWARES-FURNITURE	GENERAL SUPPORT
(69) TRUSEES OF COLUMBIA UNIVERSITY 710 W 168TH ST RM 460 NEW YORK,NY10032	13-5598093	501(C)(3)	7,500	0			SPONSORSHIP
(70) UNITED STATES FUND FOR UNICEF 125 MAIDEN LANE 10TH FLOOR NEW YORK,NY10038	13-1760110	501(C)(3)	150,000	0			GENERAL SUPPORT
(71) UNITED WAY OF THE GREATER TRIANGLE PO BOX 110583 DURHAM,NC27709	56-1949103	501(C)(3)	39,000	0			COMMUNITY SUPPORT
(72) UNIVERSITY OF NORTH CAROLINA 271 PHILIPS HALL BOX 3255 CHAPEL HILL,NC27599	56-6001393	501(C)(3)	15,150	0			SPONSORSHIP
(73) US ASSOC FOR THE STUDY OF PAIN 7 GLADDEN RD ANNAPOLIS,MD21401	84-4008678	501(C)(3)	20,000	0			SPONSORSHIP
(74) WALLTOWN CHILDRENS THEATRE 1225 BERKLEY ST DURHAM,NC27705	56-2214825	501(C)(3)	6,300	0			COMMUNITY SUPPORT
(75) WESLEY FOUNDATION AT VIRGINIA PO BOX 5161 RICHMOND,VA23220	54-1835877	501(C)(3)	10,000	0			INNOVATION AWARAD
(76) WEST END COMMUNITY FOUNDATION PO BOX 51398 DURHAM,NC277171398	56-1858174	501(C)(3)	19,659	0			COMMUNITY SUPPORT
(77) YMCA OF THE TRIANGLE AREA INC 801 CORPORATE CENTER DR STE 200 RALEIGH,NC27607	56-0591307	501(C)(3)	21,496	0			COMMUNITY SUPPORT
(78) ROXBORO COMMUNITY SCHOOL 115 LAKE DR ROXBORO,NC27573	14-1920044	501(C)(3)	0	7,632	FMV	OFFICE FURNITURE	GENERAL SUPPORT

Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image

Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50055P

Schedule I (Form 990) 2022

Page 2

Part III

Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" on Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.

(a) Type of grant or assistance	(b) Number of recipients	(c) Amount of cash grant	(d) Amount of noncash assistance	(e) Method of valuation (book, FMV, appraisal, other)	(f) Description of noncash assistance

(1) 2022 EEMCC WINNER	3	4,000
(2) BOLCH FELLOW	1	12,500
(3) CLIMATECAP FELLOWSHIP	9	27,000
(4) COVID EDUCATION AWARD	1	6,000
(5) DA VINCI AWARD	5	1,000
(6) DIGITAL VENTURE CHALLENGE	1	3,000
(7) DU CHATELET PRIZE	1	1,000
(8) DUKE PRELAW 2023	23	23,000
(9) FINANCIAL ASSISTANCE	16	10,946
(10) FOERSTER PRIZE AWARD 22	1	1,500
(11) FULLER AWARD	1	1,300
(12) FUTURE OF CONTRACT DESIGN DERBY	7	1,750
(13) GOTHIC HEDGE SOCIETY	2	1,333
(14) GPSG DIRECTOR AWARD	10	3,750
(15) JUNIOR FACULTY GRANT	1	5,000
(16) LEGAL DESIGN DERBY	16	1,600
(17) LEMKIN RULE OF LAW AWARD	1	2,500
(18) LIBRARY HOLSTI PRIZE	4	4,000
(19) MISC. AWARD	92	100,707
(20) OPEN DATA AWARD	4	1,800
(21) PALMA 2022 CTF	1	10,000
(22) POST GRADUATE SCHOLARSHIP	1	7,324
(23) POSTER AWARD	5	670
(24) RESEARCH AWARD	7	17,000
(25) ROSATI AWARD	4	6,050
(26) SRNDNA OPEN DATA AWARD	7	3,700
(27) SUB-RECIPIENT AWARD	1	2,000
(28) SUDLER PRIZE 2022	1	2,000
(29) TEACHING AWARD	8	23,896
(30) UNDERGRADUATE ATHLETIC SCHOLARSHIPS	533	30,789,981
(31) GRADUATE ATHLETIC SCHOLARSHIPS	65	3,743,669
(32) INTERNSHIP STIPENDS	776	2,592,066
(33) GRADUATE SCHOLARSHIPS & STIPENDS	2644	37,576,693
(34) UNDERGRADUATE SCHOLARSHIPS & STIPENDS	1125	6,216,928
(35) PRE-DOC SCHOLARSHIPS & STIPENDS	43	507,055
(36) POST-DOC SCHOLARSHIPS & STIPENDS	30	262,309
(37) MISC. SCHOLARSHIPS & STIPENDS	10240	309,570,356

Part IV

Supplemental Information. Provide the information required in Part I, line 2; Part III, column (b); and any other additional information.

Return Reference

Explanation

SCHEDULE I, PART I, LINE 2:

ORGANIZATION'S PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS IN U.S. DUKE UNIVERSITY PERIODICALLY APPROVES GRANTS AND TRANSFERS GRANT FUNDS TO NUMEROUS ORGANIZATIONS WITHIN THE UNITED STATES. FOR SUBGRANT RECIPIENTS, A SERIES OF INTERNAL CONTROLS HAVE BEEN ESTABLISHED WHICH INCLUDE DETERMINATION OF WHETHER AN AUDIT WILL BE REQUIRED. DUKE UNIVERSITY HAS ESTABLISHED A DETAILED AND COMPETITIVE APPLICATION PROCESS WHICH ENSURES PROPER PURPOSE AND USE OF THESE GRANT FUNDS PRIOR TO ENGAGEMENT. FOLLOWING THE PROCUREMENT PROCESS, DUKE UNIVERSITY MONITORS SUBSEQUENT BILLING AND PERFORMANCE OF THE GRANT RECIPIENTS. INVOICES MUST BE SUBMITTED ACCORDING TO THE TERMS AND CONDITIONS WHICH MIRROR THE TERMS AND CONDITIONS OF THE ULTIMATE GRANTOR. PRIOR TO PAYMENT, CENTRALIZED DEPARTMENTS REVIEW DOCUMENTATION TO ENSURE THE EXPENSES ARE ALLOWABLE WITHIN THE TERMS OF THE GRANT. ULTIMATELY, THE ORGANIZATIONS AWARDED THESE GRANTS MUST MONITOR THE APPROPRIATE DISTRIBUTION OF THESE GRANT FUNDS IN THE ORDINARY COURSE OF BUSINESS AND REPORT SUCH INFORMATION TO DUKE UNIVERSITY. STUDENTS' INSTITUTIONAL SCHOLARSHIPS AND FINANCIAL AID IS POSTED DIRECTLY TO THEIR BURSAR ACCOUNTS. THEREFORE, SUCH FUNDS ARE DIRECTLY APPLIED TO APPROPRIATE CHARGES WITHIN THE STUDENTS' ACCOUNTS. GRANT/FELLOWSHIP PAYMENTS ARE PROCESSED ACCORDING TO AWARD LETTERS, WHICH ARE REVIEWED AND SUBMITTED TO THE RECIPIENT IN ADVANCE OF ACCEPTING FOR THE APPLICABLE SEMESTER. EACH PAYMENT IS PREPARED ACCORDING TO THE AWARD LETTER BY A DEPARTMENTAL REPRESENTATIVE, WHICH IS THEN REVIEWED AND APPROVED BY A DEPARTMENTAL SUPERVISOR. PRIOR TO ISSUANCE, A FINAL REVIEW AND APPROVAL IS PROCESSED BY THE CENTRAL PAYMENT PROCESSING DEPARTMENT.

Schedule I (Form 990) 2022

Additional Data

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Schedule J
(Form 990)

Department of the Treasury
Internal Revenue Service

Compensation Information

For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet

Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
SchJMediumBullet

Attach to Form 990.
SchJMediumBullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2022

Open to Public Inspection

Name of the organization

DUKE UNIVERSITY

Employer identification number

56-0532129

Part I

Questions Regarding Compensation

Yes

Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.

First-class or charter travel Housing allowance or residence for personal use

Travel for companions Payments for business use of personal residence

Tax idemnification and gross-up payments Health or social club dues or initiation fees

Discretionary spending account Personal services (e.g., maid, chauffeur, chef)

If any of the boxes on Line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain .....

Yes

Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked on Line 1a? ....

Yes

Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.

Compensation committee Written employment contract

Independent compensation consultant Compensation survey or study

Form 990 of other organizations Approval by the board or compensation committee

During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:

Receive a severance payment or change-of-control payment? .............

Yes

Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........

Yes

Participate in, or receive payment from, an equity-based compensation arrangement? .........

If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.

Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:

The organization? ....................

Any related organization? .......................

If "Yes," on line 5a or 5b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:

The organization? ..................

Any related organization? ......................

If "Yes," on line 6a or 6b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............

Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III ..........................

If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50053T

Schedule J (Form 990) 2022

Page 2

Part II

Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.

For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.

(A) Name and Title		(B) Breakdown of W-2, 1099-MISC compensation, and/or 1099-NEC			(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)	(F) Compensation in column (B) reported as deferred on prior Form 990
(A) Name and Title		(i) Base compensation	(ii) Bonus & incentive compensation	(iii) Other reportable compensation	(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)
1MICHAEL W KRZYZEWSKI COACH	(i) (ii)	2,374,075 ------------- 0	5,921,320 ------------- 0	69,257 ------------- 0	608,831 ------------- 0	17,431 ------------- 0	8,990,914 ------------- 0	1,214,091 ------------- 0
2DAVID N CUTCLIFFE COACH	(i) (ii)	0 ------------- 0	0 ------------- 0	4,334,560 ------------- 0	30,669 ------------- 0	3,620 ------------- 0	4,368,849 ------------- 0	0 ------------- 0
3NEAL F TRIPLETT CHIEF INVESTMENT OFFICER	(i) (ii)	821,217 ------------- 0	3,350,000 ------------- 0	20,500 ------------- 0	37,164 ------------- 0	66,307 ------------- 0	4,295,188 ------------- 0	0 ------------- 0
4MICHAEL ELKO COACH	(i) (ii)	3,529,328 ------------- 0	301,020 ------------- 0	12,864 ------------- 0	37,164 ------------- 0	43,121 ------------- 0	3,923,497 ------------- 0	0 ------------- 0
5A EUGENE WASHINGTON MD CHANCELLOR HEALTH AFFAIRS	(i) (ii)	1,574,285 ------------- 0	1,547,467 ------------- 0	20,500 ------------- 0	37,164 ------------- 0	19,338 ------------- 0	3,198,754 ------------- 0	0 ------------- 0
6VINCENT E PRICE PRESIDENT/TRUSTEE	(i) (ii)	1,730,692 ------------- 0	0 ------------- 0	20,500 ------------- 0	37,164 ------------- 0	23,691 ------------- 0	1,812,047 ------------- 0	0 ------------- 0
7WILLIAM J FULKERSON MD PROFESSOR	(i) (ii)	952,651 ------------- 0	730,131 ------------- 0	80,881 ------------- 0	37,164 ------------- 0	9,235 ------------- 0	1,810,062 ------------- 0	0 ------------- 0
8EVAN L JONES INVESTMENT MANAGER	(i) (ii)	396,076 ------------- 0	949,752 ------------- 0	196,200 ------------- 0	211,964 ------------- 0	19,709 ------------- 0	1,773,701 ------------- 0	175,700 ------------- 0
9JUSTIN B NIXON INVESTMENT MANAGER	(i) (ii)	413,184 ------------- 0	942,577 ------------- 0	163,150 ------------- 0	211,964 ------------- 0	31,145 ------------- 0	1,762,020 ------------- 0	163,150 ------------- 0
10JONATHAN SCHEYER COACH	(i) (ii)	859,764 ------------- 0	793,498 ------------- 0	12,124 ------------- 0	37,164 ------------- 0	8,564 ------------- 0	1,711,114 ------------- 0	0 ------------- 0
11MARK E CORIGLIANO INVESTMENT MANAGER	(i) (ii)	412,910 ------------- 0	653,723 ------------- 0	165,975 ------------- 0	190,114 ------------- 0	42,453 ------------- 0	1,465,175 ------------- 0	150,600 ------------- 0
12DANIEL G ENNIS EXECUTIVE VICE PRESIDENT	(i) (ii)	1,195,314 ------------- 0	71,530 ------------- 0	20,500 ------------- 0	37,164 ------------- 0	35,848 ------------- 0	1,360,356 ------------- 0	0 ------------- 0
13MARY E KLOTMAN MD VICE CHAN. FOR HEALTH AFFAIRS & DEAN	(i) (ii)	811,689 ------------- 0	403,392 ------------- 0	20,500 ------------- 0	37,164 ------------- 0	17,328 ------------- 0	1,290,073 ------------- 0	0 ------------- 0
14KAVITA NAYAR INVESTMENT MANAGER	(i) (ii)	289,771 ------------- 0	742,033 ------------- 0	0 ------------- 0	157,339 ------------- 0	24,451 ------------- 0	1,213,594 ------------- 0	0 ------------- 0
15SALLY KORNBLUTH PROVOST	(i) (ii)	912,169 ------------- 43,500	0 ------------- 0	20,500 ------------- 0	37,164 ------------- 0	15,418 ------------- 0	985,251 ------------- 43,500	0 ------------- 0
16JENNIFER FRANCIS INTERIM PROVOST	(i) (ii)	583,055 ------------- 0	361,913 ------------- 0	0 ------------- 0	37,164 ------------- 0	16,153 ------------- 0	998,285 ------------- 0	0 ------------- 0
17JAMES SCOTT GIBSON EXEC VICE DEAN OF ADMIN, SOM	(i) (ii)	495,817 ------------- 0	338,306 ------------- 0	20,500 ------------- 0	37,164 ------------- 0	27,805 ------------- 0	919,592 ------------- 0	0 ------------- 0
18PAMELA J BERNARD VP & UNIVERSITY COUNSEL	(i) (ii)	752,265 ------------- 0	0 ------------- 0	20,500 ------------- 0	37,164 ------------- 0	18,101 ------------- 0	828,030 ------------- 0	0 ------------- 0
19RACHEL SATTERFIELD TREASURER	(i) (ii)	486,059 ------------- 0	25,176 ------------- 0	0 ------------- 0	37,164 ------------- 0	14,631 ------------- 0	563,030 ------------- 0	0 ------------- 0
20JOHN J NOONAN ASSOCIATE VP OF FACILITIES	(i) (ii)	427,656 ------------- 0	1,020 ------------- 0	20,500 ------------- 0	37,164 ------------- 0	30,189 ------------- 0	516,529 ------------- 0	0 ------------- 0
21GARY BENNETT PART YEAR DEAN, COLLEGE OF A & S	(i) (ii)	271,150 ------------- 0	121,411 ------------- 0	20,500 ------------- 0	37,164 ------------- 0	25,326 ------------- 0	475,551 ------------- 0	0 ------------- 0
22MARGARET W EPPS UNIVERSITY SECRETARY	(i) (ii)	407,425 ------------- 0	0 ------------- 0	0 ------------- 0	37,164 ------------- 0	19,247 ------------- 0	463,836 ------------- 0	0 ------------- 0
23MOHAMED NOOR INTERIM DEAN, COLLEGE OF A & S	(i) (ii)	183,917 ------------- 0	186,078 ------------- 0	20,500 ------------- 0	37,164 ------------- 0	18,864 ------------- 0	446,523 ------------- 0	0 ------------- 0
24VICTORIA L NEVOIS INTERIM TREASURER	(i) (ii)	273,106 ------------- 0	68,400 ------------- 0	20,500 ------------- 0	37,164 ------------- 0	8,937 ------------- 0	408,107 ------------- 0	0 ------------- 0
25VALERIE ASHBY PART YEAR DEAN, COLLEGE OF A & S	(i) (ii)	358,800 ------------- 0	0 ------------- 0	0 ------------- 0	37,164 ------------- 0	4,970 ------------- 0	400,934 ------------- 0	0 ------------- 0
26RICHARD RIDDELL FORMER OFFICER	(i) (ii)	171,540 ------------- 0	0 ------------- 0	20,500 ------------- 0	23,387 ------------- 0	17,943 ------------- 0	233,370 ------------- 0	0 ------------- 0
27JAMES S ROBERTS FORMER KEY EMPLOYEE	(i) (ii)	86,004 ------------- 0	22,908 ------------- 0	0 ------------- 0	12,899 ------------- 0	2,819 ------------- 0	124,630 ------------- 0	0 ------------- 0

Schedule J (Form 990) 2022

Page 3

Part III

Supplemental Information

Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.

Return Reference

Explanation

PART I, LINE 1A

CHARTER TRAVEL MICHAEL W. KRZYZEWSKI AND JONATHAN SCHEYER USED CHARTER TRAVEL SERVICES. TO THE EXTENT SUCH TRAVEL WAS NOT FOR BUSINESS PURPOSES, SUCH AMOUNTS WERE INCLUDED IN TAXABLE INCOME OF THE INDIVIDUAL. VINCENT E. PRICE, A. EUGENE WASHINGTON, MD AND MARGARET EPPS USED FIRST CLASS OR CHARTER TRAVEL SERVICES. SUCH TRAVEL WAS FOR BUSINESS PURPOSES AND NOT INCLUDED IN TAXABLE INCOME TO THE INDIVIDUALS. TRAVEL FOR COMPANIONS COMPANIONS HAVE TRAVELED WITH VINCENT E. PRICE AND MICHAEL W. KRZYZEWSKI. TO THE EXTENT IT WAS PERSONAL IN NATURE, SUCH AMOUNTS WERE INCLUDED IN THEIR TAXABLE INCOME. RESIDENCE FOR PERSONAL USE VINCENT E. PRICE AND A. EUGENE WASHINGTON, MD WERE PROVIDED WITH ON CAMPUS LIVING FACILITIES AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE UNIVERSITY. ACCORDINGLY, SUCH LODGING IS NOT INCLUDED IN TAXABLE INCOME. PERSONAL SERVICES THE UNIVERSITY PROVIDES HOUSEKEEPING SERVICES TO MAINTAIN ALL UNIVERSITY FACILITIES, INCLUDING THE FACILITIES USED BY THE UNIVERSITY'S PRESIDENT AND CHANCELLOR. IN ADDITION TO PROVIDING A PERSONAL RESIDENCE THAT IS FOR THE CONVENIENCE OF THE UNIVERSITY, THE FACILITIES ARE USED THROUGHOUT THE YEAR FOR NUMEROUS DUKE RELATED FUNCTIONS. CLUB DUES JAMES SCOTT GIBSON AND DANIEL G. ENNIS WERE PROVIDED WITH CLUB MEMBERSHIPS. TO THE EXTENT THE DUES WERE CONSIDERED PERSONAL, THE AMOUNTS WERE INCLUDED IN TAXABLE INCOME. DUKE POLICY GOVERNS THE NATURE AND TYPE OF ALLOWABLE EXPENDITURES AND PAYMENTS, INCLUDING REQUIREMENTS TO PROVIDE SUPPORTING DOCUMENTATION DETAILING THE TRANSACTION AND BUSINESS PURPOSE. ANY APPROVED EXCEPTIONS TO POLICY ARE DOCUMENTED IN CORRESPONDENCE OR EMPLOYMENT AGREEMENTS.

PART I, LINES 4A-B

SEVERANCE PAYMENT DAVID CUTCLITTE RECEIVED A SEVERANCE PAYMENT IN 2022. SUCH AMOUNTS WERE INCLUDED IN AMOUNTS REPORTED ON SCHEDULE J, COLUMN B (III). SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN THE FOLLOWING INDIVIDUALS PARTICIPATED IN AND RECEIVED PAYMENTS UNDER A DEFERRED COMPENSATION PLAN DESCRIBED UNDER SECTION 457(F) OF THE INTERNAL REVENUE CODE: EVAN L. JONES $175,700; JUSTIN B. NIXON $163,150; MARK E. CORIGLIANO $150,600 AND MICHAEL W. KRZYZEWSKI $1,610,000. SUCH AMOUNTS WERE SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE AS DEFINED UNDER IRC SECTION 457(F).

Schedule J (Form 990) 2022

Additional Data

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Schedule K
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information on Tax-Exempt Bonds

Complete if the organization answered "Yes" to Form 990, Part Ⅵ, line 24a. Provide descriptions,
explanations, and any additional information in Part Ⅵ.
SchKMediumBullet

Attach to Form 990.
SchKMediumBullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public
Inspection

Name of the organization
DUKE UNIVERSITY

Employer identification number
56-0532129

Part Ⅰ

Bond Issues

(a) Issuer name		(b) Issuer EIN	(c) CUSIP #	(d) Date issued	(e) Issue price	(f) Description of purpose	(g) Defeased		(h) On behalf of issuer		(i) Pool financing
(a) Issuer name		(b) Issuer EIN	(c) CUSIP #	(d) Date issued	(e) Issue price	(f) Description of purpose	Yes	No	Yes	No	Yes	No
A	NC CAPITAL FACILITIES FINANCE AGENCY	56-1592154	65819GLE6	11-03-2016	380,642,978	SEE PART VI		X		X		X
B	NC CAPITAL FACILITIES FINANCE AGENCY	56-1592154	99VARIOUS	06-27-2018	472,535,000	SEE PART VI		X		X		X

Part Ⅱ

Proceeds

	A		B		C		D
	1 Amount of bonds retired ..................			33,860,000
2 Amount of bonds legally defeased ..............
3 Total proceeds of issue ..................	380,642,978		33,860,000
4 Gross proceeds in reserve funds .............
5 Capitalized interest from proceeds .............
6 Proceeds in refunding escrows ...............	378,939,046		33,860,000
7 Issuance costs from proceeds ...............	1,703,932
8 Credit enhancement from proceeds .............
9 Working capital expenditures from proceeds .............
10 Capital expenditures from proceeds .............
11 Other spent proceeds .............
12 Other unspent proceeds .............
13 Year of substantial completion .............	2008		2015
	Yes	No	Yes	No	Yes	No	Yes	No
14 Were the bonds issued as part of a current refunding issue of tax-exempt bonds (or, if issued prior to 2020, a current refunding issue)? ........	X		X
15 Were the bonds issued as part of an advance refunding issue of taxable bonds (or, if issued prior to 2020, an advance refunding issue)? ........		X		X
16 Has the final allocation of proceeds been made? ..........	X			X
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? ..................	X		X

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50193E

Schedule K (Form 990) 2021

Page 2

Part Ⅲ

Private Business Use

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? .............		X		X
2 Are there any lease arrangements that may result in private business use of bond-financed property? ...............		X		X
3a Are there any management or service contracts that may result in private business use of bond-financed property? .............	X		X
b If "Yes" to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property?	X		X
c Are there any research agreements that may result in private business use of bond-financed property? .............	X		X
d If "Yes" to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property?	X		X
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government ....	0 %		0 %
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government .........	0.200 %		0 %
6 Total of lines 4 and 5 .............	0.200 %		0 %
7 Does the bond issue meet the private security or payment test? ...		X		X
8a Has there been a sale or disposition of any of the bond-financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?.............		X		X
b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of. ..
c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? .............
9 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under Regulations sections 1.141-12 and 1.145-2? ........	X		X

Part Ⅳ

Arbitrage

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
1 Has the issuer filed Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate? ...		X		X
2 If "No" to line 1, did the following apply? ....
a Rebate not due yet? .......		X		X
b Exception to rebate? ........		X		X
c No rebate due? .........	X			X
If "Yes" to line 2c, provide in Part Ⅵ the date the rebate computation was performed ......
3 Is the bond issue a variable rate issue? .....		X		X

Schedule K (Form 990) 2021

Page 3

Part Ⅳ

Arbitrage (Continued)

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
4a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?		X		X
b Name of provider ..........
c Term of hedge .........
d Was the hedge superintegrated? ......
e Was the hedge terminated? ........
5a Were gross proceeds invested in a guaranteed investment contract (GIC)?		X		X
b Name of provider ..........
c Term of GIC .........
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? ........
6 Were any gross proceeds invested beyond an available temporary period?		X		X
7 Has the organization established written procedures to monitor the requirements of section 148? ...	X		X

Part Ⅴ

Procedures To Undertake Corrective Action

---------------------------------------------------------------------------------------------------------------	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations?	X		X

Part Ⅵ

Supplemental Information. Provide additional information for responses to questions on Schedule K. (See instructions).

Return Reference	Explanation
FORM 990, SCHEDULE K, PART 1(C)	TAX-EXEMPT BOND BOND ISSUE (B): FORM 8038 LISTS THE CUSIP NUMBERS AS VARIOUS DUE TO THE NATURE OF THE NOTES ISSUED, I.E., COMMERCIAL PAPER. THE ISSUE CLOSED ON 6/27/2018 AND THERE WERE NO CUSIPS OUTSTANDING AS OF 6/30/2022 UNDER THE NEW ISSUE.
FORM 990, SCHEDULE K, PART 1(E)	TAX-EXEMPT BONDS BOND ISSUE (B): REPRESENTS MAXIMUM PRINCIPAL AMOUNT OF NEW MONEY COMMERCIAL PAPER NOTES ($472,535,000) AND FIRST GENERATION CURRENT REFUNDING COMMERCIAL PAPER NOTES ($33,860,000) THAT CAN BE ISSUED PURSUANT TO THIS COMMERCIAL PAPER PROGRAM.
FORM 990, SCHEDULE K, PART 1(F)	DESCRIPTION OF PURPOSE OF TAX-EXEMPT BONDS BOND ISSUE (A): TO (1) REFUND A PORTION OF THE 2006A BONDS ISSUED 11/02/2016, (2) A PORTION OF THE 2006B BONDS ISSUED 01/09/2007. BOND ISSUE (B): COMMERCIAL PAPER PROGRAM, THE PURPOSE OF WHICH ARE TO (1) REFUND COMMERCIAL PAPER NOTES ISSUED UNDER A PRIOR PROGRAM WITH AN ISSUE DATE OF 07/16/2014 AND (2) FINANCE PROJECTS ON THE WEST, EAST AND CENTRAL CAMPUS OF DUKE UNIVERSITY.
FORM 990, SCHEDULE K, PART IV	TAX-EXEMPT BOND LINE 2 BOND ISSUE (A) - 11/01/2021 BOND ISSUE (B): SALES PROCEEDS ALLOCATED UPON ISSUANCE AND NOT INVESTED

Schedule K (Form 990) 2021

Additional Data

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Schedule L
(Form 990)

Department of the Treasury
Internal Revenue Service

Transactions with Interested Persons

Complete if the organization answered "Yes" on Form 990, Part IV, lines 25a, 25b, 26, 27, 28a, 28b, or 28c, or Form 990-EZ, Part V, line 38a or 40b.
MediumBullet

Attach to Form 990 or Form 990-EZ.
MediumBullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public Inspection

Name of the organization

DUKE UNIVERSITY

Employer identification number

56-0532129

Part I

Excess Benefit Transactions (section 501(c)(3), section 501(c)(4), and section 501(c)(29) organizations only).
Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b.

1(a) Name of disqualified person	(c) Description of transaction	(d) Corrected?
1(a) Name of disqualified person	(c) Description of transaction	Yes	No

Enter the amount of tax incurred by the organization managers or disqualified persons during the year under section 4958. ........................... Bullet Image

Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ........ Bullet Image

Part II

Loans to and/or From Interested Persons.
Complete if the organization answered "Yes" on Form 990-EZ, Part V, line 38a, or Form 990, Part IV, line 26; or if the organization reported an amount on Form 990, Part X, line 5, 6, or 22

(a) Name of interested person	(b) Relationship with organization	(c) Purpose of loan	(d) Loan to or from the organization?		(e) Original principal amount	(f) Balance due	(g) In default?		(h) Approved by board or committee?		(i) Written agreement?
(a) Name of interested person	(b) Relationship with organization	(c) Purpose of loan	To	From	(e) Original principal amount	(f) Balance due	Yes	No	Yes	No	Yes	No






Total ............... $

Part III

Grants or Assistance Benefiting Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 27.

(a) Name of interested person	(b) Relationship between interested person and the organization	(c) Amount of assistance	(d) Type of assistance	(e) Purpose of assistance

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 50056A

Schedule L (Form 990) 2021

Page 2

Part IV

Business Transactions Involving Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.

(a) Name of interested person	(b) Relationship between interested person and the organization	(c) Amount of transaction	(d) Description of transaction	(e) Sharing of organization's revenues?
(a) Name of interested person		(c) Amount of transaction	(d) Description of transaction	Yes	No
(1) DEBORAH JAKUBS	SEE PART V	126,551	SEE PART V		No
(2) DANIEL LEW	SEE PART V	155,094	SEE PART V		No
(3) LAURA STANLEY PIETROSIMONE	SEE PART V	114,978	SEE PART V		No
(4) QUALTRICS LLC	SEE PART V	152,443	SEE PART V		No
(5) JOHN CLEMENTS	SEE PART V	305,448	SEE PART V		No

Part V

Supplemental Information
Provide additional information for responses to questions on Schedule L (see instructions).

Return Reference

Explanation

SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS:

(A) NAME OF INTERESTED PERSON: DEBORAH JAKUBS(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: DEBORAH JAKUBS IS A FAMILY MEMBER OF A DUKE UNIVERSITY FORMER KEY EMPLOYEE(C) AMOUNT OF TRANSACTION: $126,551(D) DESCRIPTION OF TRANSACTION: PAYMENT FOR SALARY AND BENEFITS(E) SHARING OF ORGANIZATION REVENUE? = NO(A) NAME OF INTERESTED PERSON: DANIEL LEW(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: DANIEL LEW IS A FAMILY MEMBER OF A DUKE UNIVERSITY OFFICER(C) AMOUNT OF TRANSACTION: $155,094(D) DESCRIPTION OF TRANSACTION: PAYMENT FOR SALARY AND BENEFITS(E) SHARING OF ORGANIZATION REVENUE? = NO(A) NAME OF INTERESTED PERSON: LAURA STANLEY PIETROSIMONE(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: LAURA STANLEY PIETROSIMONE IS A FAMILY MEMBER OF A DUKE UNIVERSITY TRUSTEE(C) AMOUNT OF TRANSACTION: $114,978(D) DESCRIPTION OF TRANSACTION: PAYMENT FOR SALARY AND BENEFITS(E) SHARING OF ORGANIZATION REVENUE? = NO(A) NAME OF INTERESTED PERSON: QUALTRICS LLC(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: QUALTRICS LLC DIRECTOR IS A DUKE UNIVERSITY TRUSTEE(C) AMOUNT OF TRANSACTION: $152,443(D) DESCRIPTION OF TRANSACTION: PAYMENT FOR GOODS AND SERVICES(E) SHARING OF ORGANIZATION REVENUE? = NO(A) NAME OF INTERESTED PERSON: JOHN CLEMENTS(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: JOHN CLEMENTS IS A FAMILY MEMBER OF A DUKE UNIVERSITY OFFICER(C) AMOUNT OF TRANSACTION: $305,448(D) DESCRIPTION OF TRANSACTION: PAYMENT FOR SALARY AND BENEFITS(E) SHARING OF ORGANIZATION REVENUE? = NO

Schedule L (Form 990) 2021

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE M
(Form 990)

Department of the Treasury

Internal Revenue Service

Noncash Contributions

Complete if the organizations answered "Yes" on Form 990, Part IV, lines 29 or 30.
Right pointing arrow large image

Attach to Form 990.
Right pointing arrow large image

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2022

Open to Public Inspection

Name of the organization

DUKE UNIVERSITY

Employer identification number

56-0532129

Part I

Types of Property

	(a) Check if applicable	(b) Number of contributions or items contributed	(c) Noncash contribution amounts reported on Form 990, Part VIII, line 1g	(d) Method of determining noncash contribution amounts
1 Art—Works of art ....	X	13	1,123,257	VARIOUS
2 Art—Historical treasures .
3 Art—Fractional interests ..
4 Books and publications ..	X		15,245	VARIOUS
5 Clothing and household goods .......
6 Cars and other vehicles ..
7 Boats and planes ....
8 Intellectual property ...
9 Securities—Publicly traded .	X	1,051	66,299,016	MARKET QUOTE
10 Securities—Closely held stock .
11 Securities—Partnership, LLC, or trust interests ....
12 Securities—Miscellaneous ..
13 Qualified conservation contribution—Historic structures .....
14 Qualified conservation contribution—Other ...
15 Real estate—Residential .
16 Real estate—Commercial ..
17 Real estate—Other ...
18 Collectibles .....
19 Food inventory ...
20 Drugs and medical supplies .
21 Taxidermy ......
22 Historical artifacts ....
23 Scientific specimens ..
24 Archeological artifacts ...
25 Other ( EVENT TICKETS )	X	4,549	1,092,389	FMV/FACE VALUE
26 Other ( MISCELLANEOUS )	X	361	114,306	VARIOUS
27 Other ( EQUIPMENT )	X	1	42,000	VARIOUS
28 Other ( )

Number of Forms 8283 received by the organization during the tax year for contributions
for which the organization completed Form 8283, Part IV, Donee Acknowledgement

Yes

30a

During the year, did the organization receive by contribution any property reported in Part I, lines 1 through 28, that it must hold for at least three years from the date of the initial contribution, and which isn't required to be used for exempt purposes for the entire holding period? ...................

30a

If "Yes," describe the arrangement in Part II.

Does the organization have a gift acceptance policy that requires the review of any nonstandard contributions?

Yes

32a

Does the organization hire or use third parties or related organizations to solicit, process, or sell noncash

contributions? ..........................

32a

Yes

If "Yes," describe in Part II.

If the organization didn't report an amount in column (c) for a type of property for which column (a) is checked,

describe in Part II.

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 51227J

Schedule M (Form 990) (2022)

Page 2

Part IISupplemental Information. Provide the information required by Part I, lines 30b, 32b, and 33, and whether the organization is reporting in Part I, column (b), the number of contributions, the number of items received, or a combination of both. Also complete this part for any additional information.

Return Reference	Explanation
PART I, LINE 32B:	USE OF THIRD PARTIES TO SOLICIT, PROCESS, OR SELL NONCASH CONTRIBUTIONS DUKE UNIVERSITY USES INVESTMENT BROKERS TO SELL SECURITIES. DUKE UNIVERSITY MAY OCCASIONALLY USE THIRD PARTIES TO SELL OTHER TYPES OF NON-CASH CONTRIBUTIONS, AS THE NEED ARISES.

Schedule M (Form 990) (2022)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE O
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2021

Open to Public
Inspection

Name of the organization

DUKE UNIVERSITY

Employer identification number

56-0532129

Return Reference	Explanation
FORM 990, PART III, LINE 1	ORGANIZATION'S MISSION "JAMES B. DUKE'S FOUNDING INDENTURE OF DUKE UNIVERSITY DIRECTED THE MEMBERS OF THE UNIVERSITY TO 'PROVIDE REAL LEADERSHIP IN THE EDUCATIONAL WORLD' BY CHOOSING INDIVIDUALS OF 'OUTSTANDING CHARACTER, ABILITY, AND VISION' TO SERVE AS ITS OFFICERS, TRUSTEES AND FACULTY; BY CAREFULLY SELECTING STUDENTS OF 'CHARACTER, DETERMINATION AND APPLICATION; AND BY PURSUING THOSE AREAS OF TEACHING AND SCHOLARSHIP THAT WOULD 'MOST HELP TO DEVELOP OUR RESOURCES, INCREASE OUR WISDOM, AND PROMOTE HUMAN HAPPINESS.' "TO THESE ENDS, THE MISSION OF DUKE UNIVERSITY IS TO PROVIDE A SUPERIOR LIBERAL EDUCATION TO UNDERGRADUATE STUDENTS, ATTENDING NOT ONLY TO THEIR INTELLECTUAL GROWTH BUT ALSO THEIR DEVELOPMENT AS ADULTS COMMITTED TO HIGH ETHICAL STANDARDS AND FULL PARTICIPATION AS LEADERS IN THEIR COMMUNITIES; TO PREPARE FUTURE MEMBERS OF THE LEARNED PROFESSIONS FOR LIVES OF SKILLED AND ETHICAL SERVICE BY PROVIDING EXCELLENT GRADUATE AND PROFESSIONAL EDUCATION; TO ADVANCE THE FRONTIERS OF KNOWLEDGE AND CONTRIBUTE BOLDLY TO THE INTERNATIONAL COMMUNITY OF SCHOLARSHIP; TO PROMOTE AN INTELLECTUAL ENVIRONMENT BUILT ON A COMMITMENT TO FREE AND OPEN INQUIRY; TO HELP THOSE WHO SUFFER, CURE DISEASE, AND PROMOTE HEALTH, THROUGH SOPHISTICATED MEDICAL RESEARCH AND THOUGHTFUL PATIENT CARE; TO PROVIDE WIDE RANGING EDUCATIONAL OPPORTUNITES, ON AND BEYOND OUR CAMPUSES, FOR TRADITIONAL STUDENTS, ACTIVE PROFESSIONALS AND LIFE-LONG LEARNERS USING THE POWER OF INFORMATION TECHNOLOGIES; AND TO PROMOTE A DEEP APPRECIATION FOR THE RANGE OF HUMAN DIFFERENCE AND POTENTIAL, A SENSE OF THE OBLIGATIONS AND REWARDS OF CITIZENSHIP, AND A COMMITMENT TO LEARNING, FREEDOM AND TRUTH. "BY PURSUING THESE OBJECTIVES WITH VISION AND INTEGRITY, DUKE UNIVERSITY SEEKS TO ENGAGE THE MIND, ELEVATE THE SPIRIT, AND STIMULATE THE BEST EFFORT OF ALL WHO ARE ASSOCIATED WITH THE UNIVERSITY; TO CONTRIBUTE IN DIVERSE WAYS TO THE LOCAL COMMUNITY, THE STATE, THE NATION AND THE WORLD; AND TO ATTAIN AND MAINTAIN A PLACE OF REAL LEADERSHIP IN ALL THAT WE DO."
FORM 990, PART VI, SECTION A, LINE 2	TRUSTEES KAREN M. KING AND MICHAEL J. BINGLE BOTH HOLD SENIOR LEADERSHIP POSITIONS (MANAGING DIRECTOR AND VICE CHAIRMAN RESPECTIVELY) AT SILVER LAKE GROUP.
FORM 990, PART VI, SECTION A, LINE 4	THE DUKE UNIVERSITY BYLAWS WERE REVISED DURING FISCAL YEAR ENDED JUNE 30, 2023 TO STATE THE CHANCELLOR OF HEALTH AFFAIRS WILL HAVE OVERSIGHT OF DUKE UNIVERSITY HEALTH SYSTEM AND WILL REPORT TO THE PRESIDENT OF THE UNIVERSITY. THE BYLAWS OF DUKE UNIVERSITY WERE LATED REVISED TO UPDATE THE LIST OF UNIVERSITY OFFICERS TO INCLUDE THE EXECUTIVE VICE PRESIDENT OF HEALTH AFFAIRS AND EXCLUDE THE CHANCELLOR OF HEALTH AFFAIRS.
FORM 990, PART VI, SECTION A, LINE 7A	GRADUATES OF DUKE UNIVERSITY HAVE THE RIGHT TO ELECT TWELVE TRUSTEES TO SERVE ON THE BOARD OF TRUSTEES.
FORM 990, PART VI, SECTION B, LINE 11B	DUKE UNIVERSITY'S DRAFT FORM 990 IS DISTRIBUTED TO THE AUDIT & COMPLIANCE COMMITTEE OF THE UNIVERSITY TRUSTEES. AT THE MEETING, THE DUKE UNIVERSITY TAX SENIOR DIRECTOR, THE PERSON RESPONSIBLE FOR THE PREPARATION OF THE UNIVERSITY'S FORM 990, IS AVAILABLE FOR QUESTIONS FROM THE COMMITTEE. NOT ONLY IS THE COMMITTEE OFFERED AN OPPORTUNITY TO ASK QUESTIONS AT THE MEETING, BUT ALSO ANYTIME THEREAFTER BY CONTACTING THE TAX SENIOR DIRECTOR OR DUKE UNIVERSITY'S OFFICE OF COUNSEL, WHO IS ALSO INVOLVED WITH THE REVIEW OF DUKE UNIVERSITY'S FORM 990. SUBSEQUENTLY, A DRAFT FORM 990 IS DISTRIBUTED TO THE FULL BOARD OF TRUSTEES OF THE UNIVERSITY PRIOR TO FILING AND IN ADVANCE OF A MEETING. THERE IS OPPORTUNITY FOR THE TRUSTEES TO ASK QUESTIONS OF THE TAX SENIOR DIRECTOR AT THE MEETING OR ANYTIME THEREAFTER.
FORM 990, PART VI, SECTION B, LINE 12C	THE PRESIDENT, OFFICERS, AND EMPLOYEES WITH ADMINISTRATIVE RESPONSIBILITIES SHALL EXERCISE THE UTMOST GOOD FAITH IN ALL TRANSACTIONS TOUCHING UPON THEIR DUTIES TO DUKE UNIVERSITY AND ITS PROPERTY. IN THEIR DEALINGS WITH AND ON BEHALF OF THE INSTITUTION, THEY SHALL BE HELD TO A STRICT RULE OF HONEST AND FAIR DEALINGS BETWEEN THEMSELVES AND THE UNIVERSITY. THEY SHALL NOT USE THEIR POSITIONS, OR KNOWLEDGE GAINED THEREFROM, IN SUCH A WAY THAT A MATERIAL CONFLICT WOULD ARISE BETWEEN THE INTEREST OF THE UNIVERSITY AND THAT OF THE INDIVIDUAL. COMPLIANCE IS MONITORED WITH AN ANNUAL SURVEY. IDENTIFIED CONFLICTS ARE ANALYZED AND MANAGED ACCORDINGLY.
FORM 990, PART VI, SECTION B, LINE 15	THE DUKE UNIVERSITY COMPENSATION COMMITTEE, COMPRISED OF MEMBERS OF THE DUKE UNIVERSITY BOARD OF TRUSTEES, REVIEWS AND APPROVES ALL EXECUTIVE COMPENSATION FOR CERTAIN DISQUALIFIED PERSONS AND OTHER KEY EMPLOYEES. DUKE UNIVERSITY HAS ADOPTED A STATEMENT OF COMPENSATION PHILOSOPHY THAT ARTICULATES BROAD OBJECTIVES TO HELP GUIDE THE DUKE UNIVERSITY COMPENSATION COMMITTEE IN ITS MISSION. THE DUKE UNIVERSITY COMPENSATION COMMITTEE ENGAGES THE SERVICES OF AN OUTSIDE EXECUTIVE COMPENSATION CONSULTING FIRM TO ESTABLISH COMPARABILITY DATA OF OTHER UNIVERSITIES OF SIMILAR SIZE AND COMPLEXITY AS DUKE UNIVERSITY, ADVISE REGARDING COMPARATIVE COMPENSATION NORMS, AND ENSURE COMPLIANCE WITH IRS EXECUTIVE COMPENSATION RULES, INCLUDING INTERMEDIATE SANCTIONS, DEFERRED COMPENSATION, AND PRIVATE INUREMENT. THE DUKE UNIVERSITY COMPENSATION COMMITTEE REVIEWS THE MARKET ANALYSIS THEN DETERMINES THE REASONABLENESS AND APPROPRIATENESS OF ALL ASPECTS OF EXECUTIVE COMPENSATION. THE DELIBERATIONS AND CONCLUSIONS OF THE DUKE UNIVERSITY COMPENSATION COMMITTEE ARE KEPT BY THE UNIVERSITY SECRETARY WHO RECORDS THE MINUTES OF THE COMMITTEE MEETING.
FORM 990, PART VI, SECTION C, LINE 18	IN ADDITION TO PROVIDING THE ORGANIZATION'S FORM 990 UPON REQUEST, THE ORGANIZATION'S FORM 990 IS AVAILABLE TO THE PUBLIC ON SEVERAL THIRD PARTY WEBSITES. WHILE THE ORGANIZATION DOES NOT PROVIDE THE FORM 990 DIRECTLY TO THESE THIRD PARTIES, THE FORM 990 IS OBTAINED FROM THE INTERNAL REVENUE SERVICE. THE THIRD PARTIES SUBSEQUENTLY AND INDEPENDENTLY PROVIDE ACCESS TO THE FORM 990 ON THEIR PLATFORM.
FORM 990, PART VI, SECTION C, LINE 19	DUKE UNIVERSITY'S DOCUMENTS (ARTICLES OF INCORPORATION AND ANY SUBSEQUENT AMENDMENTS OR RESTATEMENTS) ARE AVAILABLE TO THE PUBLIC ON THE NORTH CAROLINA SECRETARY OF STATE WEBSITE. DUKE UNIVERSITY MAKES ITS ORGANIZING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON ITS WEBSITE. DUKE UNIVERSITY'S CONSOLIDATED AUDITED FINANCIAL STATEMENTS ARE LOCATED AT HTTPS://FINANCE.DUKE.EDU/RESOURCES/DOCS.
FORM 990, PART XI, LINE 9:	CHANGES IN PERPETUAL TRUSTS & SPLIT INT AGREEMENTS -67,543,072. TRANSFERS FROM DUHS 122,511,252. NONPERIODIC CHANGES 31,906,978. OTHER CHANGES -3,819,085.
FORM 990, PART XII, LINE 3B	FEDERAL AWARDS RECEIVED BY THE ORGANIZATION ARE INCLUDED IN THE DUKE UNIVERSITY FY2023 SINGLE AUDIT. ITS AUDIT UNDER THE UNIFORM ADMINISTRATIVE REQUIREMENTS, COST PRINCIPLES, AND AUDIT REQUIREMENTS FOR FEDERAL AWARDS WAS ISSUED BY THE DUE DATE OF MARCH 31, 2024.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990) 2021

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE R
(Form 990)

Department of the Treasury
Internal Revenue Service

Related Organizations and Unrelated Partnerships

Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
MediumBullet

Attach to Form 990.
MediumBullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public Inspection

Name of the organization

DUKE UNIVERSITY

Employer identification number

56-0532129

Part I

Identification of Disregarded Entities. Complete if the organization answered "Yes" on Form 990, Part IV, line 33.

(a) Name, address, and EIN (if applicable) of disregarded entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Total income	(e) End-of-year assets	(f) Direct controlling entity
(1) DUKE UK TRUST LIMITED 19 NORCOTT ROAD LONDON N167EJ UK 98-0555714	DEVELOPMENT	UK	365,671	24,787	DUKE UNIVERSITY
(2) WASHINTON DUKE INN LLC 2200 W MAIN STREET STE 300 DURHAM,NC27705	HOTEL OWNERSHIP	NC	599,285	36,407,428	DUKE UNIVERSITY

Part II

Identification of Related Tax-Exempt Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	(g) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	Yes	No
(1)AMER ASSOC FOR GIFTED CHILDREN - 56-1686219 2200 W MAIN STREET STE 300 DURHAM,NC27705	SUPPORT	NC	501(C)(3)	12 TYPE 1	DUKE UNIVERSITY	Yes
(2)ANGIER B DUKE MEMORIAL INC 100 NORTH TRYON STREET CHARLOTTE,NC28202 13-6113895	SCHOLARSHIPS	NC	501(C)(3)	12 TYPE III-O	DUKE ENDOWMENT		No
(3)ASSOCIATED HEALTH SVCS INC 2200 W MAIN STREET STE 300 DURHAM,NC27705 56-1845329	HEALTHCARE	NC	501(C)(3)	12 TYPE 1	DUKE UNIVERSITY HEALTH SYSTEM INC	Yes
(4)ATLANTIC COAST CONFERENCE PO DRAWER ACC GREENSBORO,NC27417 56-0599082	ATHLETIC	NC	501(C)(3)	12 TYPE 1	N/A		No
(5)C A CANNON CHAR TRUST NO 3 1525 W WT HARRIS BLVD D1114 CHARLOTTE,NC28288 58-1360259	SUPPORT	NC	501(C)(3)	12 TYPE III-O	N/A		No
(6)DAVID H MURDOCK RESEARCH INSTITUTE 150 RESEARCH CAMPUS DR KANNAPOLIS,NC28081 20-8730759	RESEARCH	NC	501(C)(3)	12 TYPE 1	N/A		No
(7)DU SPECIAL VENTURES FUND INC 280 S MANGUM STREET STE 210 DURHAM,NC27701 56-1465177	INVESTMENTS	NC	501(C)(3)	12 TYPE 1	DUKE UNIVERSITY	Yes
(8)DUKE ALUMNI ASSOCIATION INC 2200 W MAIN STREET STE 300 DURHAM,NC27705 56-1594088	SUPPORT	NC	501(C)(3)	12 TYPE 1	DUKE UNIVERSITY	Yes
(9)DUKE CORPORATE EDUCATION 310 BLACKWELL ST DURHAM,NC27701 42-1672476	EDUCATION	NC	501(C)(3)	12 TYPE 1	DUKE UNIVERSITY	Yes
(10)DUKE GIFT PROPERTIES INC 2200 W MAIN STREET STE 300 DURHAM,NC27705 57-1211078	SUPPORT	NC	501(C)(3)	12 TYPE 1	DUKE UNIVERSITY	Yes
(11)DUKE GLOBAL INC 2200 W MAIN STREET STE 300 DURHAM,NC27705 61-1588319	SUPPORT	NC	501(C)(3)	12 TYPE 1	DUKE UNIVERSITY	Yes
(12)DUKE MEDICINE GLOBAL SUPP CORP- 61-1593721 2200 W MAIN STREET STE 300 DURHAM,NC27705	SUPPORT	NC	501(C)(3)	12 TYPE 1	DUKE UNIVERSITY	Yes
(13)DUKE SCHOLARLY EXHIBITS INC 2200 W MAIN STREET STE 300 DURHAM,NC27705 56-1701245	SUPPORT	NC	501(C)(3)	12 TYPE 1	DUKE UNIVERSITY	Yes
(14)DUKE UNIV AFFILIATED PHYSICIANS 2200 W MAIN STREET STE 300 DURHAM,NC27705 56-1902501	HEALTHCARE	NC	501(C)(3)	12 TYPE 1	DUKE UNIVERSITY HEALTH SYSTEM INC	Yes
(15)DUKE UNIV PHILANTHROPIES INC 2200 W MAIN STREET STE 300 DURHAM,NC27705 57-1211099	SUPPORT	NC	501(C)(3)	12 TYPE 1	DUKE UNIVERSITY	Yes
(16)DUKE UNIV SCH OF MED RESEARCH FDN 56-2247203 2200 W MAIN STREET STE 300 DURHAM,NC27705	SUPPORT	NC	501(C)(3)	12 TYPE 1	DUKE UNIVERSITY	Yes
(17)DUKE UNIVERSITY HEALTH SYSTEM INC 2200 W MAIN STREET STE 300 DURHAM,NC27705 56-2070036	HEALTHCARE	NC	501(C)(3)	LINE 3	DUKE UNIVERSITY	Yes
(18)DUMAC INC 280 S MANGUM STREET STE 210 DURHAM,NC27701 90-0754895	SUPPORT	NC	501(C)(3)	12 TYPE 1	DUKE UNIVERSITY	Yes
(19)DURHAM ASSET MGMT COMPANY INC 2200 W MAIN STREET STE 300 DURHAM,NC27705 56-1757238	SUPPORT	NC	501(C)(3)	12 TYPE 1	DUKE UNIVERSITY	Yes
(20)DURHAM REALTY INC 2200 W MAIN STREET STE 300 DURHAM,NC27705 56-1917936	SUPPORT	NC	501(C)(3)	12 TYPE 1	DUKE UNIVERSITY	Yes
(21)GOTHIC CORPORATION 280 S MANGUM STREET STE 210 DURHAM,NC27701 56-1776668	INVESTMENTS	NC	501(C)(3)	12 TYPE 1	DUKE UNIVERSITY	Yes
(22)GOTHIC HSP CORPORATION 280 S MANGUM STREET STE 210 DURHAM,NC27701 27-1325761	INVESTMENTS	NC	501(C)(3)	12 TYPE 1	DUKE UNIVERSITY HEALTH SYSTEM INC	Yes
(23)HIGH POINT REALTY ASSOCIATES INC 2200 W MAIN STREET STE 300 DURHAM,NC27705 56-1917939	SUPPORT	NC	501(C)(3)	12 TYPE 1	DUKE UNIVERSITY	Yes
(24)INNOVATIONS IN HEALTHCARE INC 2200 W MAIN STREET STE 300 DURHAM,NC27705 32-0358709	SUPPORT	NC	501(C)(3)	12 TYPE 1	DUKE UNIVERSITY	Yes
(25)KATHRINE R EVERETT CHARITABLE PO BOX 3001 DURHAM,NC27715 56-6473809	SUPPORT	NC	501(C)(3)	12 TYPE 1	N/A		No
(26)NANALINE H DUKE TRUST 100 NORTH TRYON STREET CHARLOTTE,NC28202 23-7270511	MED. SUPPORT	NY	501(C)(3)	12 TYPE III-O	DUKE ENDOWMENT		No
(27)RESEARCH TRIANGLE INSTITUTE PO BOX 12194 RTP,NC27709 56-0686338	RESEARCH	NC	501(C)(3)	12 TYPE III-O	N/A		No
(28)RUTH K BROAD BIOMED RES FDN 2200 W MAIN STREET STE 300 DURHAM,NC27705 65-0045051	SUPPORT	NC	501(C)(3)	12 TYPE 1	DUKE UNIVERSITY	Yes
(29)SMITHSHAVER LAW SCHOOL SCHOLARSHIP FUND ONE WEST FOURTH ST STE 1200 WINSTONSALEM,NC27101 20-2749954	SCHOLARSHIPS	NC	501(C)(3)	12 TYPE 1	N/A		No
(30)THE CTR FOR DOCUMENTARY STUDIES 1317 PETTIGREW STREET DURHAM,NC27705 56-1655039	SUPPORT	NC	501(C)(3)	12 TYPE 1	DUKE UNIVERSITY	Yes
(31)THE LORD FDN OF NORTH CAROLINA 2200 W MAIN STREET STE 300 DURHAM,NC27705 56-1415423	SUPPORT	NC	501(C)(3)	12 TYPE 1	DUKE UNIVERSITY	Yes
(32)DUKE INTEGRATED NETWORK INC 2200 W MAIN STREET STE 300 DURHAM,NC27705 46-3129771	SUPPORT	NC	501(C)(3)	12 TYPE 1	DUKE UNIVERSITY HEALTH SYSTEM INC	Yes
(33)DUKE QUALITY NETWORK INC 2200 W MAIN STREET STE 300 DURHAM,NC27705 46-1340679	SUPPORT	NC	501(C)(3)	12 TYPE 1	DUKE UNIVERSITY HEALTH SYSTEM INC	Yes
(34)DUKE JANJUN SERVICES INC 2200 W MAIN STREET STE 300 DURHAM,NC27705 47-1150667	SUPPORT	NC	501(C)(3)	12 TYPE 1	DUKE UNIVERSITY	Yes
(35)DUKE JULDEC SERVICES INC 2200 W MAIN STREET STE 300 DURHAM,NC27705 47-1143245	SUPPORT	NC	501(C)(3)	12 TYPE 1	DUKE UNIVERSITY	Yes
(36)DUKE ALLMO SERVICES INC 2200 W MAIN STREET STE 300 DURHAM,NC27705 47-1133466	SUPPORT	NC	501(C)(3)	12 TYPE 1	DUKE UNIVERSITY	Yes
(37)DUKE AFFILIATIONS NETWORK INC 2200 W MAIN STREET STE 300 DURHAM,NC27705 81-2623775	SUPPORT	NC	501(C)(3)	12 TYPE 1	DUKE UNIVERSITY HEALTH SYSTEM INC	Yes
(38)DUKE UNIV FED CRED UNION 2200 WEST MAIN STREET DURHAM,NC27705 56-1632379	BANKING	NC	501(C)(1)		N/A		No
(39)WATTS COLLEGE OF NURSING INC 2200 W MAIN STREET STE 300 DURHAM,NC27705 83-3076664	SUPPORT	NC	501(C)(3)	12 TYPE 1	DUKE UNIVERSITY HEALTH SYSTEM INC	Yes
(40)DUKE HEALTH INTEGRATED PRACTICE INC 2200 W MAIN STREET STE 300 DURHAM,NC27705 86-2109896	HEALTHCARE	NC	501(C)(3)	LINE 3	DUKE UNIVERSITY	Yes
(41)DONALD R WATSON FOUNDATION INC 601 SOUTH COLLEGE ROAD WILMINGTON,NC28403 56-1861816	SUPPORT	NC	501(C)(3)	12 TYPE 1	N/A		No
(42)FAMILY HEALTH MINISTRIES INC PO BOX 16783 CHAPEL HILL,NC27516 56-2206165	HEALTH CLINICS	NC	501(C)(3)	LINE 10	DUKE UNIVERSITY	Yes
(43)LENOX BAKER CHILDREN'S HOSPITAL FOUNDATION INC 1513 TYONEK DRIVE DURHAM,NC27703 56-1550944	FINANCIAL SUPPORT	NC	501(C)(3)	LINE 4	DUKE UNIVERSITY HEALTH SYSTEM INC	Yes

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50135Y

Schedule R (Form 990) 2021

Page 2

Part III

Identification of Related Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, because it had one or more related organizations treated as a partnership during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Predominant income(related, unrelated, excluded from tax under sections 512-514)	(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?		(k) Percentage ownership
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity		(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No	(k) Percentage ownership
(1) BLACKWELL PARTNERS LLC - SERIES A - 20-8075455 280 S MANGUM ST STE 210 DURHAM,NC27701	INVESTMENTS	DE	N/A	N/A				No			No
(2) CANYON BLUE INV FD 27-0186996 AVE OF STARS LA,CA90067	INVESTMENTS	DE	N/A	N/A				No			No
(3) LYRICAL BLUE RL PT 27-2994514 32 N DEAN ST ENGLEWOOD,NJ07631	INVESTMENTS	DE	N/A	N/A				No			No
(4) LYRICAL-BLUE RGNT 45-3626577 32 N DEAN ST ENGLEWOOD,NJ07631	INVESTMENTS	DE	N/A	N/A				No			No
(5) SBER LUCKY STRIKE 20-3891303 310 BLACKWELL ST DURHAM,NC27701	REAL ESTATE	NC	N/A	N/A				No			No
(6) MANGUM II LLC - 46-5135858 280 S MANGUM STREET STE 210 DURHAM,NC27701	INVESTMENTS	NC	N/A	N/A				No			No
(7) LS INVESTOR LLC 20-3891381 310 BLACKWELL ST DURHAM,NC27701	REAL ESTATE	NC	N/A	N/A				No			No
(8) DILWEG BLUE PF LP 47-1225569 5310 S ALSTON AVE STE 210 DURHAM,NC27713	INVESTMENTS	DE	N/A	N/A				No			No
(9) LYRICAL BLUE RL PT IV 47-1542108 32 N DEAN ST ENGLEWOOD,NJ07631	INVESTMENTS	DE	N/A	N/A				No			No
(10) BLACKWELL PARTNERS LLC - SERIES C - 81-1264533 280 S MANGUM ST STE 210 DURHAM,NC27701	INVESTMENTS	DE	N/A	N/A				No			No
(11) STRATUS SCP II INVESTORS - C LP 50 LOTHIAN ROAD FESTIVAL SQUARE EDINBURGH EH3 9WJ UK	INVESTMENTS	UK	N/A	N/A				No			No
(12) ALTOS HYBRID D LLC - 47-3996176 2882 SAND HILL ROAD SUITE 100 MENLO PARK,CA94025	INVESTMENTS	DE	N/A	N/A				No			No
(13) BLACKWELL PARTNERS LLC - SERIES B - 47-2530719 280 S MANGUM ST STE 210 DURHAM,NC27701	INVESTMENTS	DE	N/A	N/A				No			No
(14) BLACKWELL PARTNERS LLC - SERIES D - 81-3385353 280 S MANGUM ST STE 210 DURHAM,NC27701	INVESTMENTS	DE	N/A	N/A				No			No
(15) BLACKWELL PARTNERS LLC - SERIES E - 81-1511048 280 S MANGUM ST STE 210 DURHAM,NC27701	INVESTMENTS	DE	N/A	N/A				No			No
(16) ALTOS HYBRID 2D LLC - 81-5176567 2882 SAND HILL ROAD SUITE 100 MENLO PARK,CA94025	INVESTMENTS	DE	N/A	N/A				No			No
(17) LYRICAL-BLUE 100 KINGSHIGHWAY PARTNERS LP 32 N DEAN ST ENGLEWOOD,NJ07631 82-3708328	INVESTMENTS	DE	N/A	N/A				No			No
(18) WASHINGTON GOTHIC LP 593 WASHINGTON STREET WELLESLEY,MA02482 83-4516893	INVESTMENTS	DE	N/A	N/A				No			No
(19) DUKE TRIANGLE ENDOSCOPY CENTER LLC 1A BURTON HILLS BLVD NASHVILLE,TN37215 20-4257024	HEALTHCARE	NC	N/A	N/A				No			No
(20) DWELLWORKS CO-INVESTMENT LLC 7 TIMES SQUARE STE 4307 NEW YORK,NY10036 83-2165945	INVESTMENTS	DE	N/A	N/A				No			No
(21) BEP LEGACY 1C LLC 1001 FANNIN ST STE 800 HOUSTON,TX77002 27-3871932	INVESTMENTS	DE	N/A	N/A				No			No
(22) WELLINGTON TRUST CO NA - CTF OPP FIXED INC ALLOC II POR 280 CONGRESS STREET BOSTON,MA02210 83-1264831	INVESTMENTS	DE	N/A	N/A				No			No
(23) ENIAC SPECIAL DELTA LLC 604 MISSION STREET 10TH FL SAN FRANCISCO,CA94105 84-2355221	INVESTMENTS	DE	N/A	N/A				No			No
(24) STRATUS SCP III INVESTORS - GAMMA LP 50 LOTHIAN ROAD FESTIVAL SQUARE EDINBURGH EH39WJ UK	INVESTMENTS	UK	N/A	N/A				No			No
(25) STRATUS SCP COINVESTMENT II - FIP-M RUA FUNCHAL 418 28 ANDAR VILA OLI SAO PAULO 04551-060 BR	INVESTMENTS	BR	N/A	N/A				No			No
(26) MANGUM LLC 280 S MANGUM STREET STE 210 DURHAM,NC27701 46-1275587	INVESTMENTS	NC	N/A	N/A				No			No
(27) CPF HEARTBEAT HEALTH INVES B LLC 980 N MICHIGAN AVE STE 1998 CHICAGO,IL60611 88-1256134	INVESTMENTS	DE	N/A	N/A				No			No
(28) CPF TRIAS INVESTMENT LLC 980 N MICHIGAN AVE STE 1998 CHICAGO,IL60611 87-4202934	INVESTMENTS	DE	N/A	N/A				No			No
(29) CPF HEARTBEAT HEALTH INV A LLC 980 N MICHIGAN AVENUE SUITE 1998 CHICAGO,IL60611 88-1279232	INVESTMENTS	DE	N/A	N/A				No			No
(30) CPF TRIAS INVESTMENT II LLC 980 N MICHIGAN AVENUE SUITE 1998 CHICAGO,IL60611 87-4204000	INVESTMENTS	DE	N/A	N/A				No			No
(31) THRIVE CAPITAL PARTNERS IV SEGMENT LLC 295 LAFAYETTE STREET NEW YORK,NY10012 47-4031040	INVESTMENTS	DE	N/A	N/A				No			No
(32) MANGUM III LLC 280 S MANGUM STREET STE 210 DURHAM,NC27701 92-3565585	INVESTMENTS	DE	N/A	N/A				No			No
(33) MANGUM III LLC - SERIES A 280 S MANGUM STREET STE 210 DURHAM,NC27701 92-3592240	INVESTMENTS	DE	N/A	N/A				No			No

Part IV

Identification of Related Organizations Taxable as a Corporation or Trust. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(h) Percentage ownership	(i) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(h) Percentage ownership	Yes	No
(1) DUKE CE LS INC 310 BLACKWELL STREET DURHAM,NC27701 20-2004016	REAL ESTATE	NC	N/A	C					No
(2) DUKE CORP EDU INDIA PRIVATE ACADEMIC BLOCK NEW CAMPUS VASTRAPUR,AHMEDABAD380015 IN 42-1672476	CONSULTING	IN	N/A	C					No
(3) DUKE CORPORATE EDUCATION LIM 165 FLEET STREET LONDON EC4A 2DY UK 42-1672476	EDU CONSULT	UK	N/A	C					No
(4) DUKE CORPORATE EDUCATION RSA GROUND FLOOR TWICKEHNHAM BLDG BRYANSTON,JOHANNESBURG02021 SF 42-1672476	CONSULTING	SF	N/A	C					No
(5) DUKE GLOBAL CONSULTING (KUNSHAN) 1666 WEI CHEN NAN RD KUNSHAN PR,KUNSHAN215300 CH	CONSULTING	CH	N/A	C					No
(6) DUKE MEDICAL STRATEGIES INC 2200 WEST MAIN STREET STE 920 DURHAM,NC27705 56-1993799	HEALTHCARE	NC	DUKE UNIVERSITY	C			100.000 %	Yes
(7) DUKE MEDICINE ASIA PTE LTD 5 SHENTON WAY 07-00 UIC BLD SING 068808 SN	MEDICAL RESEARCH	SN	N/A	C					No
(8) DUKE UNIVERSITY TOWER FUND PO BOX 185 PITTSBURGH,PA152300185 56-6147362	INVESTMENTS	PA	N/A	T					No
(9) DURHAM CASUALTY COMPANY LTD AON HOUSE 30 WOODBOURNE AVE PEMBROKE HM 08 BD 98-0113277	INSURANCE	BD	N/A	C					No
(10) GOTHIC INTERNATIONAL LTD 113 S CHURCH STREET QUEENSGATE HOU GRAND CAYMAN KY1-1108 CJ	INVESTMENTS	CJ	N/A	C					No
(11) MARATHON BLUE CAYMAN FUND 89 NEXUS WAY PO BOX 31106 GRAND CAYMAN KY1-1205 CJ	INVESTMENTS	CJ	N/A	C					No
(12) GHI HOLDINGS MAURITIUS 9TH FL ORANGE TOWER CYBERCITY EBENE MP	INVESTMENTS	MP	N/A	C					No
(13) GHI ERP LTD 9TH FL ORANGE TOWER CYBERCITY EBENE MP	INVESTMENTS	MP	N/A	C					No
(14) GHI HSP LTD 9TH FL ORANGE TOWER CYBERCITY EBENE MP	INVESTMENTS	MP	N/A	C					No
(15) GHI JBD LTD 9TH FL ORANGE TOWER CYBERCITY EBENE MP	INVESTMENTS	MP	N/A	C					No
(16) GHI LTP LTD 9TH FL ORANGE TOWER CYBERCITY EBENE MP	INVESTMENTS	MP	N/A	C					No
(17) DUKE CE (SEA) PRIVATE LIMITED 1 RAFFLES PLACE TOWER 2 SINGAPORE 048616 SN	SUPPORT	SN	N/A	C					No
(18) MCP PRIVATE CAPITAL (FEEDER) FUND I LP 6 RUE GABRIEL LIPPMANN LUXEMBOURG L-5365 LU	INVESTMENTS	LU	N/A	C					No
(19) DUKE INDIA SERVICES PRIVATE LIMITED 302 PRIDE ELITE 10 MUSEUM ROAD BANGALORE,KARNATAKA560001 IN	MEDICAL RESEARCH	IN	N/A	C					No
(20) HEALTH SYSTEM MEDICAL STRATEGIES INC 2200 W MAIN STREET STE 300 DURHAM,NC27705 56-2222444	HEALTHCARE	NC	DUHS INC	C				Yes
(21) VITA BELLAVISTA CASA 84 SRL EDIFICIO BLP CENTRO EMPRESARIAL VI SAN JOSE,SANTA ANA/BELLENKM3 CS	REAL ESTATE	CS	N/A	C					No
(22) VITA BELLAVISTA CASA DIECINUEVE SRL EDIFICIO BLP CENTRO EMPRESARIAL VI SAN JOSE,SANTA ANA/BELLENKM3 CS	REAL ESTATE	CS	N/A	C					No
(23) DUKE GLOBAL GERMANY GMBH ESCHERSHEIMER LANDSTR 14 FRANKFURT 60322 GM	EDUCATION	GM	N/A	C					No
(24) DUKE CE (SEA) PRIVATE LIMITED 1 RAFFLES PLACE TOWER 2 SINGAPORE 048616 SN	SUPPORT	SN	N/A	C					No

Schedule R (Form 990) 2021

Page 3

Part V

Transactions With Related Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.

Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.

Yes

1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?

a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity .....................

b Gift, grant, or capital contribution to related organization(s) ............................

Yes

c Gift, grant, or capital contribution from related organization(s) ............................

Yes

d Loans or loan guarantees to or for related organization(s) ............................

Yes

e Loans or loan guarantees by related organization(s) ............................

f Dividends from related organization(s) ............................

g Sale of assets to related organization(s) ............................

h Purchase of assets from related organization(s) ............................

i Exchange of assets with related organization(s) ............................

j Lease of facilities, equipment, or other assets to related organization(s) .......................

k Lease of facilities, equipment, or other assets from related organization(s) ......................

l Performance of services or membership or fundraising solicitations for related organization(s) .....................

Yes

m Performance of services or membership or fundraising solicitations by related organization(s) .................

n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................

o Sharing of paid employees with related organization(s) ............................

p Reimbursement paid to related organization(s) for expenses ............................

q Reimbursement paid by related organization(s) for expenses ............................

r Other transfer of cash or property to related organization(s) ............................

Yes

s Other transfer of cash or property from related organization(s) ............................

Yes

If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.

(a) Name of related organization	(b) Transaction type (a-s)	(c) Amount involved	(d) Method of determining amount involved
(1) DURHAM ASSET MANAGEMENT COMPANY	B	1,558,249	FMV
(2) DURHAM ASSET MANAGEMENT COMPANY	C	6,232,492	FMV
(3) DUKE GLOBAL INC	B	2,281,907	FMV
(4) DUKE GLOBAL INC	C	2,644,519	FMV
(5) DUKE MEDICINE GLOBAL SUPPORT CORPORATION	B	403,157	FMV
(6) DUKE UNIVERSITY PHILANTHROPIES INC	C	349,193	FMV
(7) RUTH K BROAD BIOMEDICAL RESEARCH FOUNDATION	C	410,602	FMV
(8) LORD FOUNDATION INC	C	21,878,950	FMV
(9) GOTHIC CORPORATION	R	1,056,312,983	FMV
(10) GOTHIC CORPORATION	S	1,417,259,958	FMV
(11) DUKE UNIVERSITY HEALTH SYSTEM INC	S	133,051,937	FMV
(12) DUMAC INC	R	17,375,990	FMV
(13) DURHAM REALTY INC	C	21,402,533	FMV
(14) DUKE SCHOLARLY EXHIBITS INC	B	117,000	FMV
(15) INNOVATIONS IN HEALTHCARE INC	B	234,713	FMV
(16) HIGH POINT REALTY INC	C	11,824,589	FMV
(17) THE CENTER FOR DOCUMENTARY STUDIES	B	798,289	FMV
(18) AMERICAN ASSOCIATION FOR GIFTED CHILDREN	C	78,494	FMV
(19) DUKE GIFT PROPERTIES INC	C	684,670	FMV

Schedule R (Form 990) 2021

Page 4

Part VI

Unrelated Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 37.

Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.

(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(e) Are all partners section 501(c)(3) organizations?		(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?		(k) Percentage ownership
(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	Yes	No	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No	(k) Percentage ownership

Schedule R (Form 990) 2021

Page 5

Part VII

Supplemental Information

Provide additional information for responses to questions on Schedule R. See instructions.

Return Reference	Explanation

Schedule R (Form 990) 2021

Additional Data

Software ID:
Software Version:

1	Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 926, Return by a U.S. Transferor of Property to a Foreign Corporation (see Instructions for Form 926). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
2	Did the organization have an interest in a foreign trust during the tax year? If "Yes," the organization may be required to separately file Form 3520, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts, and/or Form 3520-A, Annual Information Return of Foreign Trust With a U.S. Owner (see Instructions for Forms 3520 and 3520-A; don't file with Form 990). . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
3	Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 5471, Information Return of U.S. Persons with Respect to Certain Foreign Corporations. (see Instructions for Form 5471). . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
4	Was the organization a direct or indirect shareholder of a passive foreign investment company or a qualified electing fund during the tax year? If “Yes,” the organization may be required to file Form 8621, Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see Instructions for Form 8621) .	Yes	No
5	Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes," the organization may be required to file Form 8865, Return of U.S. Persons with Respect to Certain Foreign Partnerships (see Instructions for Form 8865). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
6	Did the organization have any operations in or related to any boycotting countries during the tax year? If "Yes," the organization may be required to separately file Form 5713, International Boycott Report (see Instructions for Form 5713; don't file with Form 990).. . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No