Managing Duke's Endowment Assets
Duke University's endowment has consistently been one of the top-performing university endowments in the nation.
Duke's endowment assets are managed by DUMAC, LLC, a professionally-staffed investment organization controlled by Duke University. For the ten-year period ending June 30, 2007, DUMAC achieved a 17.1 percent average rate of return. This was the second highest ten-year rate of return among the approximately 500 colleges and universities that reported this information to the National Association of College and Business Officers (NACUBO).
As of June 30, 2007, the market value of the university's endowment was $5.9 billion.
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Share In Duke's Investment Success
Duke is one of only a handful of universities that has been given permission by the IRS to invest charitable remainder trusts with the university's endowment assets. A charitable remainder trust provides an annual income to donors or their loved ones, with the remainder ultimately passing on to Duke. Learn more about this gift opportunity, and find out why Bloomberg.com wrote "Entrusting Money to Duke Means Taking Ride to Bigger Returns."