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Supporting Duke

Duke University received $341,894,326 in charitable gifts during the 2005-06 fiscal year, making it the strongest fund-raising year in Duke history. Duke’s previous record occurred in 1999-2000, when the university received $302.6 million in philanthropic support.

Philanthropic Support by Fiscal Year

Philanthropic support chart

(The cash totals above represent philanthropic dollars received, not pledges.)

More than 95,000 donors, including about 41,000 alumni, made contributions to Duke in 2005-06. The Duke Endowment of Charlotte, the charitable trust created by university founder James B. Duke, was the largest single donor, with gifts totaling $53.6 million for a variety of purposes. Gifts made by and on behalf of alumni, parents, and other individuals accounted for more than half of the year’s cash total.

Gifts by Source

Financial contribution sources chart

Contributions supported people, programs, and projects throughout the university. The Duke Annual Fund raised more than $25.4 million in unrestricted operating support. New gifts to endowment totaled $117.8 million in 2005-06, representing more than a third of the year’s cash total.

Of particular importance during the year was fund-raising for financial aid endowment. In order to support Duke’s commitment to need-blind undergraduate admissions, meet the financial need of all eligible undergraduate students, and provide substantial financial assistance to its graduate and professional degree students, Duke is engaged in a campus-wide effort to raise $300 million in new endowment for financial aid by the end of 2008: $245 million for undergraduate aid and $55 million for graduate and professional school students. Duke’s Financial Aid Initiative began in January 2005 and was publicly announced 11 months later with news of a $100 million challenge, which will match many new gifts of $100,000 to $1,000,000 dollar for dollar. By June 30, 2006 the Financial Aid Initiative had gifts and pledges totaling nearly 60 percent of its $300-million goal.

To learn more about giving to Duke, visit development.duke.edu.