2004-05 development annual report - duke university...duke’s $275.8 million cash total for 2004-05...

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$296.8 $264.6 $264.4 $302.6 $232.6 6 8 10 $11,287 $8,576,034 DUKE UNIVERSITY 2004-05 | Development Annual Report

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Page 1: 2004-05 Development Annual Report - Duke University...Duke’s $275.8 million cash total for 2004-05 represents an increase of approximately 7.3% over the total for 2003-04.The university’s

$296.8

$264.6

$264.4

$302.6

$232.6

2004-05

2003-04

6 8 10

$11,287

$8,576,034

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Y2 0 0 4 - 0 5 | Development Annual Report

vis it : | development.duke .edu

Page 2: 2004-05 Development Annual Report - Duke University...Duke’s $275.8 million cash total for 2004-05 represents an increase of approximately 7.3% over the total for 2003-04.The university’s

“Cash” totals represent philanthropic dollars received. Gifts may take the form ofcash, realized bequests, property such as real estate, or investment assets such as lifeincome gifts and gifts of securities.

Duke’s $275.8 million cash total for 2004-05 represents an increase of approximately7.3% over the total for 2003-04.The university’s only higher annual philanthropic giving totals came during the 1996-2003 Campaign for Duke.

Duke has set a fund-raising goal of $290 million for the 2005-06 fiscal year. RobertS. Shepard, Duke’s vice president for alumni affairs and development, said the university would emphasize financial aid as its top philanthropic priority in thecoming year.

Overview | Gifts by Source | dukesupport

The $275.8 million in philanthropic gifts that Duke received during the 2004-05fiscal year came from a wide range of sources. The Duke Endowment of Charlotte(TDE), the charitable trust created by university founder James B. Duke, was thelargest single donor, with gifts totaling nearly $38 million for a variety of purposes,including scholarships and academic and community outreach programs.

Gifts made by and on behalf of individuals collectively represent about half of the2004-05 cash total.This includes contributions from alumni, parents, and friends andfrom family foundations, community foundations, and corporate matching programs.

Parents - 4%

Alumni - 22%

Family Foundations - 7%

14% - Corporations

15% - Foundations

Other Individuals - 12%

Corporate Matching - 1%

Community Foundations - 3%

15% - TDE and Special Sources

1% - Religious Organizations

Cash Comparison (MILLIONS) Receipts Goal

Individual GivingIndividually-influenced Giving

0 50 100 150 200 250 300

$290.0

$275.8

$257.0

$296.8

$264.6

$264.4

$302.6

$232.6

$203.0

$175.3

$144.6

6% - Other

1995-96

1996-97

1997-98

1998-99

1999-00

2000-01

2001-02

2002-03

2003-04

2004-05

2005-06

Page 3: 2004-05 Development Annual Report - Duke University...Duke’s $275.8 million cash total for 2004-05 represents an increase of approximately 7.3% over the total for 2003-04.The university’s

Duke UniversityD E V E L O P M E N T A N N U A L R E P O R T

Duke University received $275,815,542 in charitable gifts during the2004-05 fiscal year.

Contributions from 100,031 donors—including 44,938 alumni—made thisyear’s philanthropic giving total the third largest in Duke history.

2 0 0 4 - 0 5

Page 4: 2004-05 Development Annual Report - Duke University...Duke’s $275.8 million cash total for 2004-05 represents an increase of approximately 7.3% over the total for 2003-04.The university’s

32004-05 Development Annual Report

In my first year as Duke’s president, I have witnessed an outpouring ofgenerosity from supporters passionate about everything from financial aid tostudent life, from environmental policy to global health.

Each of you who contributed to the university in 2004-05 made a strategicinvestment in what Duke is today and what it will be tomorrow. This reportchronicles the tremendous impact of philanthropy at Duke over the past year.I hope you will take a few minutes to read about the use of your charitablegifts to the university and the source of this year’s $276 million philanthropicgiving total.

Among the many things that drew me to Duke are the loyalty and spirit ofits supporters. Duke donors are a primary reason that our university hasalways had the character of a rising school. Your support this year gives megreat confidence that it will continue to have that character.

Sincerely yours,

Richard H. BrodheadPresident

An Outpouring of Generosity2 0 0 4 - 0 5

Page 5: 2004-05 Development Annual Report - Duke University...Duke’s $275.8 million cash total for 2004-05 represents an increase of approximately 7.3% over the total for 2003-04.The university’s

52004-05 Development Annual Report

Other gifts to programs and operations target particular needs. In 2004-05,research grants, sponsored research funds, and personal contributions providedsignificant support for research at Duke University Medical Center, TrinityCollege, and the Pratt School. Iron Dukes donors made gifts supporting athletic scholarships, and many individuals, corporations, and foundationshelped finance specific projects, educational programs, and other initiatives.

4 Duke University

Endowment gifts help ensure the continued success of Duke by providinga permanent source of funding for faculty, students, and programs. Gifts tonew and existing endowments are invested, and the earnings each year areused to support named scholarships, fellowships, and faculty chairs as well asa wide range of research and program areas.

To keep pace with advances in science and technology and with the mindsof Duke’s growing faculty and student body, the university makes strategicchoices about construction and renovation projects across the campus.Capital support includes gifts to such projects as the Divinity School addition,the Nasher Museum of Art, and the Ocean Science Teaching Center; it alsoincludes gifts-in-kind, such as equipment and art work.

Gifts supporting programs and operations provide the university withimmediately expendable resources to help fund a range of important needs.

Some of these funds—prominently gifts to the Duke Annual Fund—provideunrestricted support to a school or area.The flexibility of these gifts allowsadministrators to invest in people and programs and respond to unexpectedneeds and opportunities. Unrestricted dollars fund everything from salariesand scholarships to library collections and medical equipment.

Purpose | dukesuppor tG I F T S B Y

Programs and Operations - 69%

Capital - 6%

Endowment - 25%

Gifts by Purpose

Page 6: 2004-05 Development Annual Report - Duke University...Duke’s $275.8 million cash total for 2004-05 represents an increase of approximately 7.3% over the total for 2003-04.The university’s

6 72004-05 Development Annual Report Duke University

Duke Medicine - 36%

3% - Nicholas School

4% - Fuqua School

4% - School of Law

6% - Divinity School

10% - Administrationand Operations

2% - University Libraries

7% - Duke Athletics

Arts & Sciences - 19%4% - Other Areas

Gifts by AreaCharitable gifts supported people,programs,operations,and capitalprojects across the university.

Each of Duke’s schools and areas benefited from significant philanthropicsupport. The largest recipient was Duke Medicine, which received $98.9 million in private support, including $26.2 million in funding for sponsoredresearch. Arts & Sciences and Trinity College received $51.6 million in gifts,an increase of 20% over the 2003-04 cash total.

Ten percent of the philanthropic dollars contributed to Duke went toadministration and operations. These gifts help the university finance toppriorities, from financial aid to interdisciplinary research, and benefit peopleand programs throughout the campus and community. Four percent of thecash total,$11.4 million, supported other areas like the Duke Chapel and SarahP. Duke Gardens, which enrich the campus for students and visitors alike.

Area | dukesuppor tG I F T S B Y

5% - Pratt School

Page 7: 2004-05 Development Annual Report - Duke University...Duke’s $275.8 million cash total for 2004-05 represents an increase of approximately 7.3% over the total for 2003-04.The university’s

40 60 80 100

2004-05

2003-04

$98,867,364

$87,717,464

8 92004-05 Development Annual ReportDuke University | Areas

Under Duke’s new chancellor for health affairs,Victor J. Dzau, Duke Medicineopened the Albert Eye Research Institute, kicked off a global health initiative,and broke ground on buildings for the School of Nursing and Center forIntegrative Medicine.Breakthrough research in cancer, heart disease, addiction,arthritis, and genomic medicine made headlines. The School of Medicineintroduced an innovative new medical education curriculum, and the Schoolof Nursing, led by new dean Catherine Lynch Gilliss, received approval tolaunch a PhD program in chronic disease.

Endowment contributions areinvestments in the future ofDuke Medicine.This year,endowment gifts to the Schoolof Medicine supported MDand MD-PhD scholarships and faculty chairs in areas asdiverse as neurosurgery andcomputational medicine.TheSchool of Nursing announcedits first five fully-fundedendowed professorships.

The majority of gifts to DukeMedicine come in the form of operating support, whichsupplies critical funding for

research and advances inpatient care throughout

the health system, and also supports faculty, financial

aid, and educational initiatives in the schools of medicine

and nursing.

A non-federal, faculty-generatedsource of funding, sponsoredresearch supports research collaborations between Dukescientists and industry. During2004-05, the School ofMedicine initiated about 700sponsored research projects.

Capital support helps financenew construction and therefurbishment of existing

facilities. Duke Medicine is finalizing a 10-year strategic

plan, which will identify capitalpriorities for the future.

Purpose of Gifts to Duke Medicine

Endowment$18.0M

Sponsored Research$26.2M

Operating Support$47.9M

Capital$6.8M

Gifts by Source

Cash Comparison (millions)

5% - TDE and Special Sources

Alumni - 10%

27% - Corporations

Parents - 2%

Other Individuals - 17%

Family Foundations - 6%

Community Foundations - 1%

10% - Other

22% - Foundations

Duke MedicineS U P P O R T F O R

Page 8: 2004-05 Development Annual Report - Duke University...Duke’s $275.8 million cash total for 2004-05 represents an increase of approximately 7.3% over the total for 2003-04.The university’s

10 112004-05 Development Annual ReportDuke University | Areas

Gifts to Arts & Sciences and Trinity College are helping to enrich the researchculture of undergraduates and build a more visible arts community for Duke.The Sanford Institute’s new Rubenstein Hall opened its doors in time for the2005-06 school year, and construction of the French Science Center and WestCampus student plaza is underway. Arts & Sciences received significantsupport for financial aid endowment this year, and the new dean of the facultyof arts & sciences, George L. McLendon, identified endowment as one ofthe college’s greatest needs.

Purpose of Gifts to Arts & Sciences and Trinity College

Arts & Sciences and Trinity CollegeS U P P O R T F O R Unrestricted annual giving

provides vital operating supportto Trinity College and theGraduate School. AnnualFund gifts help Duke meet its substantial financial aidcommitment to undergraduatesand doctoral students eachyear.These operating dollarsalso help fund research andtechnology and allow facultyand administrators to invest in new educational programs.

Endowment for financial aid,faculty support, and educational

programming is among thehighest priorities in Arts &

Sciences. Matching funds arehelping Duke secure new

endowment gifts supportingfinancial aid as well as

the innovative first-yearFOCUS Program and

University Writing Program.

A wide range of designatedfunds support construction,programming, research, andother current needs in Arts &Sciences and Trinity College.This year, gifts were directed to areas as diverse as theaterspace renovations,studentawards, and the academicresource center.

Unrestricted Annual Giving$11.8M

Designated Funds forPrograms, Capital, andOperations$14.9M

Endowment $24.9M

Gifts by Source

11% - TDE and Special Sources

Parents - 6%6% - Corporations

Other Individuals - 10%8% - Family Foundations

Alumni - 38%

3% - Community Foundations

6% - Other

12% - Foundations

30 40 50 60

2004-05

2003-04

$51,589,892

$42,863,593

Cash Comparison (millions)

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12 132004-05 Development Annual ReportDuke University | Areas

The Divinity School’s new Westbrook Building and Goodson Chapel openedin time for summer programs this year, and the building known as NewDivinity was renamed for the late Thomas A. Langford, former divinity deanand university provost. The school is now shifting its development focus backto financial aid, which is especially vital for its student population. In 2004-05,gifts were made to establish 12 new scholarship endowments.

Fuqua Annual Fund support—up 17% this year—allowed the school to investin new programs like the Duke Goethe Executive MBA program, which waslaunched this year in Frankfurt, Germany. This dual-degree program builds onthe success of Fuqua’s top-ranked Cross Continent and Weekend ExecutiveMBA programs. On campus, plans are underway for a new classroom buildingwith 5 classrooms and 28 team rooms to accommodate the school’s growingstudent body.

Fuqua School of BusinessS U P P O R T F O R

Divinity SchoolS U P P O R T F O R

Gifts by Source

Other - 1%

Alumni - 12%25% - Foundations

Other Individuals - 6%

Family Foundations - 5%

Community Foundations - 4%Corporations - 4%

33% - TDE and Special SourcesReligious Organizations - 10%

Gifts by Source

Cash Comparison (millions)

1% - Other

Parents - 3%2% - Community Foundations

Other Individuals - 7%8% - Family Foundations

Alumni - 47%

8% - Foundations

24% - Corporations

10 15 20

2004-05

2003-04

$16,892,055

$13,540,257

Cash Comparison (millions) 6 9 12 15

2004-05

2003-04

$9,821,990

$13,588,238

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14 152004-05 Development Annual ReportDuke University | Areas

The School of Law continued its renovation and expansion project. The35,000-square-foot addition, which opened in October 2005, brings togetherthe school’s many legal clinics and provides much needed space for newjournals, programs, and faculty. All classrooms have now been upgraded toaccommodate the school’s use of educational technologies. In the comingyear, the school will focus on the final phase of renovations and will seekfinancial aid endowment to assist with recruitment efforts.

Gifts supporting energy studies allowed the Nicholas School to launch a newEnergy & Environment graduate degree concentration, and the Duke MarineLab received funding to research the global impact of fisheries on sea life. Inthe coming year, the Nicholas School will expand these programs and focuson the vital need for fellowship support. Meanwhile, the school’s NicholasInstitute for Environmental Policy Solutions is recruiting partners in industry,government, the non-profit sector, and the university community to help solvethe world’s most pressing environmental problems.

Nicholas School OF THE ENVIRONMENT AND EARTH SCIENCES

S U P P O R T F O R

School of LawS U P P O R T F O R

Gifts by Source

19% - TDE and Special Sources

Alumni - 28%

5% - Corporations

Parents - 1%

Other Individuals - 13%

Family Foundations - 17%2% - Community Foundations

14% - Other

1% - Foundations

Gifts by Source

Cash Comparison (millions)

44% - Foundations

Alumni - 17%

Community Foundations - 6%

Parents - 2%

Other Individuals - 7%

Family Foundations - 13%

2% - Other

9% - Corporations

6 8 10 12

2004-05

2003-04

$11,287,278

$8,576,034

Cash Comparison (millions) 3 4 5 6 7 8

2004-05

2003-04

$7,083,743

$7,376,085

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16 172004-05 Development Annual ReportDuke University | Areas

Dedicated in November 2004, the Pratt School’s new Fitzpatrick Centerfor Interdisciplinary Engineering, Medicine, and Applied Sciences more thandoubles Pratt’s research space for faculty and students. Pratt is now planningto update the undergraduate teaching and laboratory space in Hudson Hall,while continuing to build scholarship and Annual Fund support. These effortscome during a period of rapid expansion for the school. In May, 237 BSE students graduated; in August, Pratt welcomed 357 new undergraduates.

The library completed construction of the Bostock Library, von der HeydenPavilion, library gateway, and tower addition. After the new facilities openedin October 2005, renovation of the first floor of Perkins began. In collections,the library received a new endowment to support its Judaica holdings.Deborah Jakubs, the new Rita DiGiallonardo Holloway University Librarianand vice provost for library affairs, hopes to increase collection endowmentsin the coming years and secure funding for the next phase of renovations.

University LibrariesPratt School of EngineeringS U P P O R T F O R S U P P O R T F O R

Gifts by Source

Cash Comparison (millions)

2% - Other

Other Individuals - 5%

2% - TDE and Special Sources

Parents - 4%

Family Foundations - 7%

Alumni - 42%

10% - Community Foundations

16% - Corporations

12% - Foundations

Gifts by Source

Cash Comparison (millions)

Other Individuals - 11%

Alumni - 12%5% - FoundationsParents - 1%

Family Foundations - 4%

Corporations - 4%

Other - 1%

62% - TDE and Special Sources

6 9 12 15

2004-05

2003-04

$14,787,814

$10,452,747

6 8 10 12

2004-05

2003-04

$6,827,095

$10,146,617

Page 12: 2004-05 Development Annual Report - Duke University...Duke’s $275.8 million cash total for 2004-05 represents an increase of approximately 7.3% over the total for 2003-04.The university’s

18 192004-05 Development Annual ReportDuke University | Areas

With top-10 finishes in 11 sports, Duke ended the year ranked fifth—itshighest place ever—in the Sports Academy Director’s Cup standings. Planninghas begun for a new academic and athletic training facility. Duke Athletics plansto focus fund-raising efforts on this project and financial aid. Duke’s 235 athletic scholarships cost over $10 million in 2004-05. These funds came primarily from annual gifts to the Iron Dukes—up almost 9%—and from theongoing support of scholarship endowments.

Gifts to administration and operations supported a range of university-wide priorities from undergraduate financial aid to the Duke-DurhamNeighborhood Partnership.These contributions also helped finance some ofthe multi-disciplinary efforts that are the hallmark of Duke’s intellectual life.Contributions this year supported the FOCUS and undergraduate certificateprograms and are helping Duke develop a new undergraduate model basedon smaller classes and one-on-one mentoring experiences.

Administration and OperationsDuke Athletics

Gifts by Source

Cash Comparison (millions)

8% - Community Foundations

1% - Foundations

16% - Other Individuals

Alumni - 46%

Parents -10%

8% - Corporations

11% - Family Foundations

Gifts by Source

Cash Comparison (millions)

Family Foundations - 5%

Alumni - 11%

Corporations - 1%

Parents - 3%

62% - TDE and Special Sources

9% - Foundations

Other - 6%

Other Individuals - 3%

S U P P O R T F O R S U P P O R T F O R

10 15 20

2004-05

2003-04

$18,912,846

$18,900,427

15 20 25 30

2004-05

2003-04

$28,328,057

$29,444,955

Page 13: 2004-05 Development Annual Report - Duke University...Duke’s $275.8 million cash total for 2004-05 represents an increase of approximately 7.3% over the total for 2003-04.The university’s

212004-05 Development Annual Report

The Duke Annual Fund had its 30th straight record-breaking year. More than44,000 donors, including about 32,000 alumni, gave to a range of school andarea funds. Collectively, these contributions provided the equivalent of thespendable income generated from nearly half a billion dollars of unrestrictedendowment. Annual Fund gifts support infrastructure and scholarship needsacross the university, and allow Duke to invest in new research and programs.

Annual Fund | dukesuppor tG I F T S T O

20 Duke University | Areas

Each year, supporters contribute to the places and programs that makeDuke distinctive.The Duke Chapel, under a new dean, the Rev. Canon Dr.Samuel Wells, and the Sarah P. Duke Gardens welcomed hundreds of thousands of visitors from around the world. A new endowment will helpthe Freeman Center for Jewish Life continue to develop programmingfor the campus community.The new Nasher Museum of Art completedconstruction and opened its doors in October 2005, and across the campus,many other initiatives are benefiting from philanthropic support.

Other Areas

Gifts by Source

Components of the Annual Fund

Cash Comparison (millions) Cash Comparison (millions)

8% - Foundations

3% - Other

1% - Community Foundations3% - Family Foundations

Alumni - 33%

T R I N I T Y C O L L E G E $11,640,251 P R AT T S C H O O L $ 2,459,626F U Q U A S C H O O L $ 2,143,029 S C H O O L O F L A W $ 1,966,491D U K E M E D I C I N E $ 1,653,628 N I C H O L A S S C H O O L $ 755,942 U N I V E R S I T Y L I B R A R I E S $ 496,973 D I V I N I T Y S C H O O L $ 469,956O T H E R $ 350,215 S C H O O L O F N U R S I N G $ 280,099 S A R A H P. D U K E G A R D E N S $ 279,341 N A S H E R M U S E U M $ 271,611D U K E C H A P E L $ 230,312G R A D U AT E S C H O O L $ 165,831

Other Individuals - 19%

10% - TDE and Special Sources

17% - Corporations

Parents - 6%

S U P P O R T F O R

9 12 15

2004-05

2003-04

$11,417,408

$14,383,068

15 20 25

2004-05

2003-04

$23,163,305

$21,577,037

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22 232004-05 Development Annual ReportDuke University

Nixon Hennessee hassupported the Duke

Annual Fund every year since computerized record-keeping began. He is amember of the Washington Duke Club as well as the Cornerstone Society,created this year to celebrate consistent Annual Fund support. Hennessee’s$1,000 gift is divided among Trinity College, the University Libraries, the DukeChapel, and alumni undergraduate scholarships.

Established with a $6.5 millioncommitment from the Yearganand Hubert families, the Hubert-Yeargan Center for Global Health

is committed to improving the health care of people throughout the worldthrough research, education, and service. The center builds on DukeMedicine’s many years of work in infectious diseases and tropical medicine.

Hayward Majors has made giftsto the Trinity College Annual Fund

every year since his graduation. In recognition of his loyalty as a donor andhis $2,500 gift this year, he has been welcomed into both the CornerstoneSociety and the Washington Duke Fellows.

Sue and Bill Gross committed $23.5million to Duke, including $15 millionto endow undergraduate scholarships

and $5 million to endow scholarships for medical students.The remaining $3.5million will support faculty members in the Fuqua School and other priorities.

NEARLY $135 MILLION OF THE $275.8 MILLION THAT DUKE RECEIVED IN 2004-05CAME DIRECTLY OR INDIRECTLY FROM OVER 94,000 INDIVIDUALS. THESE GIFTS

CAME IN ALL FORMS AND SIZES—FROM CONTRIBUTIONS TO THE DUKE ANNUAL

FUND TO GIFT ANNUITIES TO ENDOWMENTS. OVER 300 DONORS MADE GIFTS OF

$100,000 OR MORE, INCLUDING 36 INDIVIDUALS WHOSE CONTRIBUTIONS THIS

YEAR CROSSED THE MILLION-DOLLAR MARK. BELOW ARE JUST A FEW OF DUKE’SSUPPORTERS FROM 2004-05:

Suzanne Brock, mother of three

Duke alumni, made her second

$250,000 gift to the new Arts Warehouse to name the painting and drawing

studio on behalf of the Brock family. Housed in a former tobacco warehouse

near Duke’s East Campus, the Arts Warehouse opened in the spring of 2005.

The family of the late Leo Brody—

his daughters, Marilyn Brody Lane,

Marsha Brody Shiff, and Hynda Brody Dalton, and grandson Daniel S. Shiff T’85,

B’89—directed more than $1.3 million of his estate to establish a scholarship

for students from the Carolinas with preference to those from eastern North

Carolina. This gift will be matched with the last of The Duke Endowment’s

“Carolinas Challenge” funds, bringing the Brody Fund total to $2 million.

Business partners Claude

Williams and David Hessee

donated jointly owned real

estate to Duke to establish two $600,000 gift annuities.These gift annuities will

provide Williams and Hessee with income streams for life, and at the end of

their lives, the remainder of the annuities will be used to establish the

Williams-Hessee Associate Professorship of the Practice at the Pratt School.

S U Z A N N E S T E V E N S B R O C KA R T S T U D I O

M . N I X O N H E N N E S S E E I I I T ’ 5 2O P E R A T I O N S

R O W A N N Y E A R G A N

S H E R M A N A . Y E A R G A N , J R .

R I C H A R D N . H U B E R T T ’ 5 7G L O B A L H E A L T H

T H E F A M I L Y O F L E O B R O D YF I N A N C I A L A I D

S U E J . G R O S S

W I L L I A M H . G R O S S T ’ 6 6F I N A N C I A L A I D

C . H A Y W A R D M A J O R S T ’ 9 8O P E R A T I O N S

C L A U D E B . W I L L I A M S , J R . E ’ 4 4

D A V I D H E S S E E F A C U L T Y C H A I R

IndividualsS E L E C T E D G I F T S F R O M

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24

Pledges—or multi-year gift commitments—help Duke plan for the future andallow donors to make more substantial investments in the university.

Each year, in addition to making outright cash gifts, many donors make pledgescommitting multiple years of support to priorities across the campus.

This report has focused on the $275.8 million in cash that Duke received in2004-05. Also this year, Duke received an additional $82.1 million in pledgesof future support. Thus the complete impact of philanthropy in 2004-05, thecombined gift and pledge total for the year, is $357.9 million.

Duke University

Gifts and Pledges

Visit development.duke.edu for the latest development news.

S U P P O R T V I A

2004-05 Gifts and Pledges

Gifts Received$275.8M

Gift and Pledge Total$357.9M Additional Pledged

$82.1M

Page 16: 2004-05 Development Annual Report - Duke University...Duke’s $275.8 million cash total for 2004-05 represents an increase of approximately 7.3% over the total for 2003-04.The university’s

“WE WANT TO BE THE best nursing school in the country.THE FIRST STEPS TOWARD

THAT GOAL ARE THE APPROVALS OF OUR BUILDING AND OUR PHD PROGRAM,”

SAID CATHERINE L. GILLISS, DNSC, RN, DEAN OF THE DUKE UNIVERSITY SCHOOL OF

NURSING. | THE MARY DUKE BIDDLE FOUNDATION OF DURHAM HAS GIVEN $1 MILLION

TO THE NEW NASHER MUSEUM OF ART AT DUKE UNIVERSITY TO name a gallerypavilion FOR THE LATE NICHOLAS BENJAMIN DUKE BIDDLE. | WILLIAM H. GROSS, MANAGER OF THE

WORLD’S LARGEST BOND MUTUAL FUND,AND HIS WIFE SUE ARE GIVING MORE THAN $23 MILLION TO DUKE

UNIVERSITY TO PROVIDE financial aid for needy and excellent students AND

OTHER PROGRAMS, DUKE PRESIDENT RICHARD H. BRODHEAD ANNOUNCED. | The addition,slated for completion this spring, WILL BE NAMED IN HONOR OF THE REV. HUGH

A. WESTBROOK, A 1970 DIVINITY GRADUATE WHO CO-FOUNDED AND IS FORMER CEO OF VITAS

HEALTHCARE CORP. OF MIAMI. | “THIS IS AN OUTSTANDING EXAMPLE OF THE importance ofpartnerships,” SAID VICTOR J. DZAU, MD, DUKE’S CHANCELLOR FOR HEALTH

AFFAIRS. “THE GENEROSITY OF THE DUKE ENDOWMENT HAS ENABLED DUKE UNIVERSITY

HEALTH SYSTEM TO COLLABORATE WITH THE COMMUNITY TO TAKE CRITICALLY NEEDED

HEALTH CARE SERVICES OUT INTO CONVENIENT COMMUNITY SETTINGS. THE GOAL OF

EACH PARTNER IN THIS VENTURE IS TO IMPROVE THE QUALITY OF HEALTH FOR THE CITIZENS OF DURHAM.”

| THE WACHOVIA FOUNDATION IS GIVING DUKE UNIVERSITY $1 MILLION FOR after-school programs for low-income Durham school children AND FOR FUQUA

SCHOOL OF BUSINESS PROGRAMS, INCLUDING ONE THAT ENCOURAGES MBA STUDENTS TO SHARE THEIR

EXPERTISE WITH DURHAM NONPROFIT ORGANIZATIONS. | “THIS PROFESSORSHIP AND ASSOCIATED RESEARCH

FUNDING WILL ADVANCE THE ATKINS FOUNDATION’S OBJECTIVE TO combat the obesity epidemic in America BY SUPPORTING DUKE’S RIGOROUS SCIENTIFIC ANALYSIS AND

EVIDENCE-BASED RESEARCH IN THE FIELD OF NUTRITION,”VERONICA ATKINS SAID. | DURING REUNION

WEEKEND 2005, OVER 4,000 people returned to campus FOR THE FESTIVITIES.

ATTENDANCE AT THIS YEAR’S REUNION WAS OVER 40% GREATER THAN THE LAST TIME THESE CLASSES GOT

TOGETHER IN 2000, AND THE CLASSES OF 1980, 1985, AND 2000 BROKE ALL-TIME ATTENDANCE

RECORDS FOR THE 15TH, 20TH, AND 5TH REUNIONS. | “THE PLAZA HAS THE POTENTIAL

TO invigorate social life on Duke’s West Campus FOR AN

EMERGING GENERATION OF STUDENTS,” SAID DUKE UNIVERSITY PRESIDENT RICHARD

H. BRODHEAD. “IT WILL BE A NATURAL GATHERING PLACE, AND WILL ENABLE NEW LEVELS

OF ENGAGEMENT AMONG STUDENTS, FACULTY AND OTHER MEMBERS OF THE DUKE COMMUNITY.” |

DURHAM DEVELOPER GARY HOCK HAS GIVEN $1.5 MILLION TO DUKE

UNIVERSITY MEDICAL CENTER TO ESTABLISH THE GARY M. HOCK

DISTINGUISHED UNIVERSITY PROFESSORSHIP IN GLOBAL HEALTH, WHICH WILL

SUPPORT THE study of HIV/AIDS and otherinfectious diseases. | TELEVISION PERSONALITY

BOB BARKER HAS DONATED $1 MILLION TO DUKE LAW

SCHOOL TO CREATE THE BOB BARKER EndowmentFund for the Study of Animal Rights Law. |

JEFFREY AND MARTHA GENDELL OF GREENWICH, CONN., WILL GIVE $2.15

MILLION TO SUPPORT AN expanded curriculum in energystudies AT THE NICHOLAS SCHOOL OF THE ENVIRONMENT AND EARTH

SCIENCES AT DUKE UNIVERSITY, PRESIDENT RICHARD H. BRODHEAD

ANNOUNCED. | FRED AND ALICE STANBACK OF SALISBURY, NC, HAVE GIVEN

$100,000 IN seed money for a new partnershipBETWEEN THE DUKE COMPREHENSIVE CANCER CENTER AND THE NICHOLAS

SCHOOL OF THE ENVIRONMENT. | THE FINAL TALLY IS IN AND THE ANNUAL

FUND RAISED OVER $23.1 MILLION,besting our goal OF $22 MILLION

BY 5% AND OUR TOTAL FROM 2003-04 BY 7%. OVER 44,000 ALUMNI,

PARENTS AND FRIENDS MADE A DONATION TO THE ANNUAL FUND THIS YEAR.

| “THIS NEW GRANT FROM LILLY ENDOWMENT WILL ALLOW DUKE DIVINITY

SCHOOL TO BECOME AN INSTRUMENT HELPING PASTORS, CHURCHES AND

OTHER INSTITUTIONS ADDRESS IMPORTANT CHALLENGES, EFFECT SIGNIFICANT

CHANGE AND IMPLEMENT CREATIVE PROGRAMS TO ENHANCE

THE formation and development ofpastoral leaders and congregations,”

PRESIDENT BRODHEAD SAID. | DUKE UNIVERSITY’S BOARD

OF TRUSTEES NAMED THE NEW Fitzpatrick Center forInterdisciplinary Engineering, Medicine andApplied Sciences AT THE PRATT SCHOOL OF ENGINEERING FOR

DUKE ALUMNI MICHAEL AND PATTY FITZPATRICK, PRESIDENT RICHARD H.

BRODHEAD ANNOUNCED.

2004-05 DUKE UNIVERSITY DEVELOPMENT ANNUAL REPORT.

Page 17: 2004-05 Development Annual Report - Duke University...Duke’s $275.8 million cash total for 2004-05 represents an increase of approximately 7.3% over the total for 2003-04.The university’s

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