Share In Duke's Investment Success

In 2007, Duke became one of only a handful of universities given permission by the IRS to invest charitable remainder trusts with the university's endowment assets.

Actual year-to-year performance varies, of course, and future performance cannot be predicted by strong earnings in the past; but for the ten-year period ending June 30, 2007, Duke's investment managers at DUMAC, LLC, achieved a 17.1 percent average annual compound rate of return on the university's endowment assets. 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).

There are two forms of charitable remainder trust. Both provide an annual income to donors and/or their loved ones. A charitable remainder unitrust provides an income based on the changing market value of the assets, and may provide a hedge against inflation. This form of life income gift may appeal to individuals who are comfortable with more aggressive investment strategies over the long term. A charitable remainder annuity trust provides a fixed payment which is determined at the time the gift is made.

Donors who establish charitable remainder trusts receive an immediate income tax deduction which can be spread over as many as six consecutive tax years, and they can select the school or program area at Duke that will ultimately be supported by the trust.

Learn more about:

• charitable remainder unitrusts
• charitable remainder annuity trusts
• other "tax-wise" gift plans
• DUMAC, LLC - Duke's investment manager

Or contact a member the Gift Planning staff to explore options.