The Duke Endowment is a private foundation established in 1924 by industrialist and philanthropist James B. Duke. The mission of the foundation is to serve the people of North Carolina and South Carolina by supporting selected programs of higher education, health care, children's welfare, and spiritual life. A Foundation is a type of philanthropic organization set up by either individuals or institutions as a legal entity (either as a corporation or trust) with the purpose of distributing grants to support causes in line with the goals of the foundation. ... 1924 (MCMXXIV) was a leap year starting on Tuesday (link will display the full calendar). ... It has been suggested that this article or section be merged into Business magnate. ... A philanthropist is someone who engages in philanthropy; that is, someone who donates his or her time, money, or reputation to a charitable cause. ... James Buchanan Duke (1856 - 1925) was a U.S. tobacco industrialist. ... Official language(s) English Capital Raleigh Largest city Charlotte Area  Ranked 28th  - Total 53,865 sq mi (139,509 km²)  - Width 150 miles (240 km)  - Length 560[1] miles (901 km)  - % water 9. ... Official language(s) English Capital Charleston(1670-1789) Columbia(1790-present) Largest city Columbia Largest metro area Greenville-Spartanburg-Anderson Area  Ranked 40th  - Total 34,726 sq mi (82,965 km²)  - Width 200 miles (320 km)  - Length 260 miles (420 km)  - % water 6  - Latitude 32°430N to 35...

James B. Duke endowed the foundation on December 11, 1924 with $40 million (over $430 million in 2005 dollars). In the Indenture of Trust, Mr. Duke specified that he wanted the Endowment to support Duke University, Davidson College, Furman University, Johnson C. Smith University; not-for-profit hospitals and children's homes in the two Carolinas; and rural United Methodist churches in North Carolina, retired pastors, and their surviving families. When Mr. Duke died in 1925, he left the Endowment an additional $65 million (over $725 million in 2005 dollars) in funds. December 11 is the 345th day (346th in leap years) of the year in the Gregorian calendar. ... 1924 (MCMXXIV) was a leap year starting on Tuesday (link will display the full calendar). ... In mainstream economics, the word “inflation” refers to a general rise in prices. ... Duke University is a private coeducational research university located in Durham, North Carolina, USA. Duke was founded by Methodists and Quakers in the present-day town of Trinity in 1838, moved to Durham in 1892. ... Davidson College is a private liberal arts college for 1,700 students in Davidson, North Carolina. ... The Bell Tower Furman University is a private, coeducational, non-sectarian, liberal arts university in Greenville, South Carolina, United States. ... Johnson C. Smith University Johnson C. Smith University (JCSU) is a private, co-ed, four-year liberal arts institution of higher learning in Charlotte, North Carolina. ... The United Methodist Church is the largest Methodist denomination, and the second-largest Protestant one, in the United States. ... In mainstream economics, the word “inflation” refers to a general rise in prices. ...

As of Dec. 31, 2004, the market value of the Endowment's assets have grown to approximately $2.5 billion. From 1924-2004, the Endowment has given $2,019,129,375.

The Duke Endowment is a co-publisher (along with the North Carolina Institute of Medicine of the North Carolina Medical Journal, a journal of health policy analysis and debate.[1] The North Carolina Institute of Medicine (NC IOM) is a quasi-state agency charged with buiding consensus on critical matters of health policy facing North Carolina and advising on health matters. ...

External links

• The Duke Endowment