Form 990 for tax year 2024
Filed by ANGIER B DUKE MEMORIAL INC TERM.
Totals
- Total revenue
- $1,985,881
- Total expenses
- $1,565,859
- Contributions and grants received
- $0
- Grants paid
- $1,500,000
- Program services expenses (Part IX)
- $1,500,000
- Management and general expenses
- $65,859
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,500,000
Program services were 95.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
CHARLES C LUCAS III
CHAIR
- Total calculated
- $201,457
- From this org
- $0
- From related orgs
- $195,732
- Other
- $5,725
- Hours/week
- 0.5 + 10.5 related
Schedule J breakdown matched by us
- Base
- $0 + $195,732 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $5,725 related
- Filer's total
- $0 + $201,457 related
-
PAMELA L DAVIES
TRUSTEE
- Total calculated
- $201,456
- From this org
- $0
- From related orgs
- $195,732
- Other
- $5,724
- Hours/week
- 0.5 + 6 related
Schedule J breakdown matched by us
- Base
- $0 + $195,732 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $5,724 related
- Filer's total
- $0 + $201,456 related
-
JUDY WOODRUFF
TRUSTEE
- Total calculated
- $201,457
- From this org
- $0
- From related orgs
- $195,732
- Other
- $5,725
- Hours/week
- 0.5 + 6 related
Schedule J breakdown matched by us
- Base
- $0 + $195,732 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $5,725 related
- Filer's total
- $0 + $201,457 related
-
CLARENCE G NEWSOME
TRUSTEE
- Total calculated
- $201,457
- From this org
- $0
- From related orgs
- $195,732
- Other
- $5,725
- Hours/week
- 0.5 + 6 related
Schedule J breakdown matched by us
- Base
- $0 + $195,732 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $5,725 related
- Filer's total
- $0 + $201,457 related
-
J TRENT JONES
TRUSTEE
- Total calculated
- $201,456
- From this org
- $0
- From related orgs
- $195,732
- Other
- $5,724
- Hours/week
- 0.5 + 6 related
Schedule J breakdown matched by us
- Base
- $0 + $195,732 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $5,724 related
- Filer's total
- $0 + $201,456 related
-
CONSTANCE F GRAY
TRUSTEE (RETIRED ON 12/31/2024)
- Total calculated
- $201,456
- From this org
- $0
- From related orgs
- $195,732
- Other
- $5,724
- Hours/week
- 0.5 + 6 related
Schedule J breakdown matched by us
- Base
- $0 + $195,732 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $5,724 related
- Filer's total
- $0 + $201,456 related
-
JOHN FAV CECIL
TRUSTEE
- Total calculated
- $201,456
- From this org
- $0
- From related orgs
- $195,732
- Other
- $5,724
- Hours/week
- 0.5 + 6 related
Schedule J breakdown matched by us
- Base
- $0 + $195,732 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $5,724 related
- Filer's total
- $0 + $201,456 related
-
RAVENEL B CURRY III
TRUSTEE
- Total calculated
- $201,456
- From this org
- $0
- From related orgs
- $195,732
- Other
- $5,724
- Hours/week
- 0.5 + 6 related
Schedule J breakdown matched by us
- Base
- $0 + $195,732 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $5,724 related
- Filer's total
- $0 + $201,456 related
-
HARRIS E DELOACH JR
TRUSTEE
- Total calculated
- $201,456
- From this org
- $0
- From related orgs
- $195,732
- Other
- $5,724
- Hours/week
- 0.5 + 6 related
Schedule J breakdown matched by us
- Base
- $0 + $195,732 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $5,724 related
- Filer's total
- $0 + $201,456 related
-
MINOR M SHAW
TRUSTEE
- Total calculated
- $201,457
- From this org
- $0
- From related orgs
- $195,732
- Other
- $5,725
- Hours/week
- 0.5 + 6 related
Schedule J breakdown matched by us
- Base
- $0 + $195,732 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $5,725 related
- Filer's total
- $0 + $201,457 related
-
WILLIAM BARNET III
TRUSTEE
- Total calculated
- $201,456
- From this org
- $0
- From related orgs
- $195,732
- Other
- $5,724
- Hours/week
- 0.5 + 6 related
Schedule J breakdown matched by us
- Base
- $0 + $195,732 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $5,724 related
- Filer's total
- $0 + $201,456 related
-
ALLYSON K DUNCAN
TRUSTEE
- Total calculated
- $201,456
- From this org
- $0
- From related orgs
- $195,732
- Other
- $5,724
- Hours/week
- 0.5 + 6 related
Schedule J breakdown matched by us
- Base
- $0 + $195,732 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $5,724 related
- Filer's total
- $0 + $201,456 related
-
CAMMIE R HAUPTFUHRER
TRUSTEE (ELECTED ON 10/8/2024)
- Total calculated
- $48,933
- From this org
- $0
- From related orgs
- $48,933
- Other
- $0
- Hours/week
- 0.5 + 6 related
-
KENNETH D WEEKS JR
TRUSTEE (RETIRED ON 5/31/2024)
- Total calculated
- $87,280
- From this org
- $0
- From related orgs
- $81,555
- Other
- $5,725
- Hours/week
- 0.5 + 6 related
-
JEAN G SPAULDING
VICE CHAIR
- Total calculated
- $201,457
- From this org
- $0
- From related orgs
- $195,732
- Other
- $5,725
- Hours/week
- 0.5 + 6 related
Schedule J breakdown matched by us
- Base
- $0 + $195,732 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $5,725 related
- Filer's total
- $0 + $201,457 related
-
DENNIS M CAMPBELL
VICE CHAIR
- Total calculated
- $201,456
- From this org
- $0
- From related orgs
- $195,732
- Other
- $5,724
- Hours/week
- 0.5 + 6 related
Schedule J breakdown matched by us
- Base
- $0 + $195,732 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $5,724 related
- Filer's total
- $0 + $201,456 related
-
KAREN H ROGERS
CFO, TREASURER & SECRETARY
- Total calculated
- $518,306
- From this org
- $0
- From related orgs
- $417,566
- Other
- $100,740
- Hours/week
- 0.25 + 40.25 related
Schedule J breakdown matched by us
- Base
- $0 + $410,374 related
- Bonus
- $0
- Other
- $0 + $7,192 related
- Deferred
- $0 + $51,215 related
- Nontaxable benefits
- $0 + $49,525 related
- Filer's total
- $0 + $518,306 related
-
RHETT N MABRY
PRESIDENT
- Total calculated
- $1,132,380
- From this org
- $0
- From related orgs
- $731,244
- Other
- $401,136
- Hours/week
- 0.25 + 40.25 related
Schedule J breakdown matched by us
- Base
- $0 + $715,599 related
- Bonus
- $0
- Other
- $0 + $15,645 related
- Deferred
- $0 + $347,314 related
- Nontaxable benefits
- $0 + $53,822 related
- Filer's total
- $0 + $1,132,380 related
-
SUSAN L MCCONNELL
VP & DIR. OF HR
- Total calculated
- $494,853
- From this org
- $0
- From related orgs
- $414,011
- Other
- $80,842
- Hours/week
- 0.5 + 40.25 related
Schedule J breakdown matched by us
- Base
- $0 + $401,741 related
- Bonus
- $0
- Other
- $0 + $12,270 related
- Deferred
- $0 + $53,168 related
- Nontaxable benefits
- $0 + $27,674 related
- Filer's total
- $0 + $494,853 related
-
WILLIAM F BACON
VP & DIRECTOR OF EVALUATION
- Total calculated
- $497,495
- From this org
- $0
- From related orgs
- $408,781
- Other
- $88,714
- Hours/week
- 0.25 + 40.25 related
Schedule J breakdown matched by us
- Base
- $0 + $398,458 related
- Bonus
- $0
- Other
- $0 + $10,323 related
- Deferred
- $0 + $47,646 related
- Nontaxable benefits
- $0 + $41,068 related
- Filer's total
- $0 + $497,495 related
-
PHILLIP REDMOND JR
DIR. OF CHILD & FAMILY WELL-BEING
- Total calculated
- $408,783
- From this org
- $0
- From related orgs
- $349,531
- Other
- $59,252
- Hours/week
- 0.25 + 40.25 related
Schedule J breakdown matched by us
- Base
- $0 + $339,969 related
- Bonus
- $0
- Other
- $0 + $9,562 related
- Deferred
- $0 + $21,465 related
- Nontaxable benefits
- $0 + $37,787 related
- Filer's total
- $0 + $408,783 related
-
LINWOOD HOLLOWELL
DIRECTOR OF HEALTH CARE
- Total calculated
- $424,176
- From this org
- $0
- From related orgs
- $347,353
- Other
- $76,823
- Hours/week
- 0.25 + 40.5 related
Schedule J breakdown matched by us
- Base
- $0 + $335,862 related
- Bonus
- $0
- Other
- $0 + $11,491 related
- Deferred
- $0 + $25,756 related
- Nontaxable benefits
- $0 + $51,067 related
- Filer's total
- $0 + $424,176 related
-
K TODD WALKER
DIRECTOR OF INVESTMENTS
- Total calculated
- $501,626
- From this org
- $0
- From related orgs
- $409,260
- Other
- $92,366
- Hours/week
- 0.5 + 40.5 related
Schedule J breakdown matched by us
- Base
- $0 + $401,470 related
- Bonus
- $0
- Other
- $0 + $7,790 related
- Deferred
- $0 + $40,052 related
- Nontaxable benefits
- $0 + $52,314 related
- Filer's total
- $0 + $501,626 related
-
ROBERT WEBB
DIRECTOR OF RURAL CHURCH
- Total calculated
- $409,413
- From this org
- $0
- From related orgs
- $346,086
- Other
- $63,327
- Hours/week
- 0.25 + 40.25 related
Schedule J breakdown matched by us
- Base
- $0 + $340,749 related
- Bonus
- $0
- Other
- $0 + $5,337 related
- Deferred
- $0 + $26,231 related
- Nontaxable benefits
- $0 + $37,096 related
- Filer's total
- $0 + $409,413 related
-
MEKA S SALES
DIRECTOR OF SI
- Total calculated
- $414,798
- From this org
- $0
- From related orgs
- $333,477
- Other
- $81,321
- Hours/week
- 0.25 + 40.25 related
Schedule J breakdown matched by us
- Base
- $0 + $323,870 related
- Bonus
- $0
- Other
- $0 + $9,607 related
- Deferred
- $0 + $24,529 related
- Nontaxable benefits
- $0 + $56,792 related
- Filer's total
- $0 + $414,798 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 4b · Supplemental nonqualified retirement plan
- 5b · Pay contingent on a related organization's revenues
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 4B
- THE DUKE ENDOWMENT, A RELATED ORGANIZATION, OFFERED A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN TO CERTAIN EXECUTIVE OFFICERS OF THAT ORGANIZATION. THE FOLLOWING PERSONS PARTICIPATED IN THE PLAN DURING 2024: RHETT N. MABRY, KAREN H. ROGERS, K. TODD WALKER, SUSAN L. MCCONNELL, LINWOOD HOLLOWELL, PHILLIP REDMOND, MEKA S. SALES, ROBERT WEBB AND WILLIAM F. BACON. NO DISTRIBUTIONS WERE MADE OUT OF THE PLAN DURING 2024.
- PART I, LINE 5
- A RELATED ORGANIZATION, FUND ESTABLISHED BY WILL OF NANALINE H. DUKE, COMPENSATES TRUSTEES IN ACCORDANCE WITH THE TERMS OF THE DUKE ENDOWMENT IN AN INDENTURE DATED DECEMBER 11, 1924. ALL TRUSTEES LISTED IN SCHEDULE J PART II AND IN FORM 990 PART VII-A RECEIVED COMPENSATION DURING TAX YEAR UNDER THE TERMS OF THE INDENTURE.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$1,500,000
SEE PART IV
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · PRIVATE FOUNDATION · NC · controlled entity
-
FUND ESTABLISHED BY WILL OF NANALINE H DUKE
501(C)(3) · SUPPORTING ORGANIZATION · NY · controlled entity
-
501(C)(3) · UNIVERSITY · NC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202503179349308225
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