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Nonprofiteer
← DUKE GIFT PROPERTIES INC

Form 990 for tax year 2023

Filed by DUKE GIFT PROPERTIES INC.

Totals

Total revenue
$1,463,598
Total expenses
$2,444,346
Contributions and grants received
$1,365,333
Grants paid
$265,648
Program service revenue
$0
Investment income
$98,265
Other revenue
$0
Total assets, end of year
$41,926,386
Total liabilities, end of year
$789
Net assets or fund balances, end of year
$41,925,597
Program services expenses (Part IX)
$2,444,346
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$2,444,346

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,365,333

  • 1g · Noncash contributions included above

    $1,365,333

  • 3 · Investment income

    total $98,265 · excluded $98,265

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $265,648 · program services $265,648

  • 11b · Fees: legal

    total $38,269 · program services $38,269

  • 11g · Fees: other

    total $17,384 · program services $17,384

  • 22 · Depreciation, depletion and amortization

    total $1,823,617 · program services $1,823,617

  • 23 · Insurance

    total $6,350 · program services $6,350

  • 24a · Other expenses: PROPERTY WRITE DOWN

    total $273,000 · program services $273,000

  • 24b · Other expenses: PROPERTY TAXES AND DUES

    total $18,942 · program services $18,942

  • 24c · Other expenses: MISCELLANEOUS

    total $1,136 · program services $1,136

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $385,631 · end of year $389,291

  • 4 · Accounts receivable

    beginning of year $12,128 · end of year $25,774

  • 10a · Land, buildings and equipment: cost or other basis

    $52,220,354

  • 10b · Land, buildings and equipment: accumulated depreciation

    $12,765,320

  • 10c · Land, buildings and equipment, net

    beginning of year $40,452,299 · end of year $39,455,034

  • 12 · Investments: other securities

    beginning of year $2,014,647 · end of year $2,056,287

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $789

  • 27 · Net assets without donor restrictions

    beginning of year $42,864,705 · end of year $41,925,597

Mission and programs · 2023

Mission

SUPPORTING DUKE UNIVERSITY BY RECEIVING GIFTS, ACQUIRING, RETAINING AND ADMINISTERING FUNDS TO BE HELD, INVESTED AND USED EXCLUSIVELY FOR THE BENEFIT OF DUKE UNIVERSITY AND RELATED ENTITIES.

Activities or mission (Part I)

SEE SCHEDULE O FOR ORGANIZATION'S MISSION STATEMENT

  • ACQUIRE AND RETAIN REAL OR PERSONAL PROPERTY EXCLUSIVELY FOR THE BENEFIT OF DUKE UNIVERSITY.

    Expenses $2,444,346 · Grants $265,648

As filed on the 2023 return.

Listed in Part VII

  • Barbara Hough

    DIRECTOR/PRESIDENT

    Total calculated
    $447,522
    From this org
    $0
    From related orgs
    $406,146
    Other
    $41,376
    Hours/week
    0.1 + 40.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $391,146 related
    Bonus
    $0 + $15,000 related
    Other
    $0
    Deferred
    $0 + $40,376 related
    Nontaxable benefits
    $0 + $2,213 related
    Filer's total
    $0 + $448,735 related

  • Scott F Selig

    DIRECTOR/SECRETARY

    Total calculated
    $472,269
    From this org
    $0
    From related orgs
    $403,658
    Other
    $68,611
    Hours/week
    0.1 + 40.1 related

    Schedule J breakdown matched by us

    Base
    $0 + $403,658 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $40,376 related
    Nontaxable benefits
    $0 + $29,490 related
    Filer's total
    $0 + $473,524 related

  • Michael C Sholtz

    DIRECTOR/VICE PRESIDENT

    Total calculated
    $338,780
    From this org
    $0
    From related orgs
    $274,423
    Other
    $64,357
    Hours/week
    0.1 + 50.2 related

    Schedule J breakdown matched by us

    Base
    $0 + $251,091 related
    Bonus
    $0 + $832 related
    Other
    $0 + $22,500 related
    Deferred
    $0 + $34,823 related
    Nontaxable benefits
    $0 + $30,283 related
    Filer's total
    $0 + $339,529 related

  • Marcia De La Torriente

    DIRECTOR/TREASURER

    Total calculated
    $189,647
    From this org
    $0
    From related orgs
    $152,130
    Other
    $37,517
    Hours/week
    0.1 + 40.2 related

    Schedule J breakdown matched by us

    Base
    $0 + $146,130 related
    Bonus
    $0 + $6,000 related
    Other
    $0
    Deferred
    $0 + $18,682 related
    Nontaxable benefits
    $0 + $24,335 related
    Filer's total
    $0 + $195,147 related

  • Rachel Satterfield

    FORMER OFFICER

    Total calculated
    $733,163
    From this org
    $0
    From related orgs
    $631,069
    Other
    $102,094
    Hours/week
    0 + 40.4 related

    Schedule J breakdown matched by us

    Base
    $0 + $618,481 related
    Bonus
    $0 + $12,588 related
    Other
    $0
    Deferred
    $0 + $40,376 related
    Nontaxable benefits
    $0 + $63,687 related
    Filer's total
    $0 + $735,132 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, and on a Form 990-PF Part VIII's — 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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related 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

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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • BLACKWELL PARTNERS LLC - SERIES A - 20-8075455

    N/A · INVESTMENTS · DE

  • LYRICAL BLUE RL PT 27-2994514

    N/A · INVESTMENTS · DE

  • SBER LUCKY STRIKE 20-3891303

    N/A · REAL ESTATE · NC

  • MANGUM II LLC - 46-5135858

    N/A · INVESTMENTS · NC

  • LS INVESTOR LLC 20-3891381

    N/A · REAL ESTATE · NC

  • DILWEG BLUE PF LP 47-1225569

    N/A · INVESTMENTS · DE

  • LYRICAL BLUE RL PT IV 47-1542108

    N/A · INVESTMENTS · DE

  • STRATUS SCP II INVESTORS - C LP

    N/A · INVESTMENTS · UK

  • ALTOS HYBRID D LLC - 47-3996176

    N/A · INVESTMENTS · DE

  • BLACKWELL PARTNERS LLC - SERIES C - 81-1264533

    N/A · INVESTMENTS · DE

  • BLACKWELL PARTNERS LLC - SERIES B

    N/A · INVESTMENTS · DE

  • BLACKWELL PARTNERS LLC - SERIES D

    N/A · INVESTMENTS · DE

  • BLACKWELL PARTNERS LLC - SERIES E

    N/A · INVESTMENTS · DE

  • ALTOS HYBRID 2D LLC

    N/A · INVESTMENTS · DE

  • LYRICAL-BLUE 100 KINGSHIGHWAY PARTNERS LP

    N/A · INVESTMENTS · DE

  • WASHINGTON GOTHIC LP

    N/A · INVESTMENTS · DE

  • DUKE TRIANGLE ENDOSCOPY CENTER LLC

    N/A · HEALTHCARE · NC

  • DWELLWORKS CO-INVESTMENT LLC

    N/A · INVESTMENTS · DE

  • WELLINGTON TRUST CO NA - CTF OPP FIXED INC ALLOC II POR

    N/A · INVESTMENTS · DE

  • BEP LEGACY 1C LLC

    N/A · INVESTMENTS · DE

  • ENIAC SPECIAL DELTA LLC

    N/A · INVESTMENTS · DE

  • STRATUS SCP III INVESTORS - GAMMA LP

    N/A · INVESTMENTS · UK

  • STRATUS SCP COINVESTMENT II - FIP-M

    N/A · INVESTMENTS · BR

  • MANGUM LLC

    N/A · INVESTMENTS · NC

  • CPF HEARTBEAT HEALTH INV A LLC

    N/A · INVESTMENTS · DE

  • CPF TRIAS INVESTMENT II LLC

    N/A · INVESTMENTS · DE

  • THRIVE CAPITAL PARTNERS IV SEGMENT LLC

    N/A · INVESTMENTS · DE

  • MANGUM III LLC

    N/A · INVESTMENTS · DE

  • MANGUM III LLC - SERIES A

    N/A · INVESTMENTS · DE

  • RALLYDAY LF CO-INVESTORS LP

    N/A · INVESTMENTS · DE

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • DUKE CE (SEA) PRIVATE LIMITED

    C · SUPPORT · SN

  • DUKE CE LS INC

    C · REAL ESTATE · NC

  • DUKE CORP EDU INDIA PRIVATE

    C · CONSULTING · IN

  • DUKE CORPORATE EDUCATION LIM

    C · EDUCATION CONSULTING · UK

  • DUKE CORPORATE EDUCATION RSA

    C · CONSULTING · SF

  • DUKE GLOBAL CONSULTING (KUNSHAN)

    C · CONSULTING · CH

  • DUKE INDIA SERVICES PRIVATE LIMITED

    C · MEDICAL RESEARCH · IN

  • DUKE MEDICAL STRATEGIES INC

    C · HEALTHCARE · NC

  • DURHAM CASUALTY COMPANY LTD

    C · INSURANCE · BD

  • GHI ERP LTD

    C · INVESTMENTS · MP

  • GHI HOLDINGS MAURITIUS

    C · INVESTMENTS · MP

  • GHI HSP LTD

    C · INVESTMENTS · MP

  • GHI JBD LTD

    C · INVESTMENTS · MP

  • GHI LTP LTD

    C · INVESTMENTS · MP

  • GOTHIC INTERNATIONAL LTD

    C · INVESTMENTS · CJ

  • HEALTH SYSTEM MEDICAL STRATEGIES INC

    C · HEALTHCARE · NC

  • MARATHON BLUE CAYMAN FUND

    C · INVESTMENTS · CJ

  • MCP PRIVATE CAPITAL (FEEDER) FUND I LP

    C · INVESTMENTS · LU

  • DUKE GLOBAL GERMANY GMBH

    C · EDUCATION · GM

  • MEDBLUE INCUBATOR INC

    C · CONSULTING · DE

Provenance

Return type
form_990
Tax year
2023
Filed
7 May 2025
IRS schema version
2023v6.0
Source object
202531319349300068

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