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Lasting Legacy to the Carolinas: The Duke Endowment, by Robert F. Durden

By Robert F. Durden

Like nearly all of the founders of enormous philanthropic foundations within the usa, James B. Duke assumed that the Duke Endowment, which he proven in 1924, may proceed its charitable task ceaselessly. Lasting Legacy to the Carolinas is an exam of the heritage of this starting place and the ways that it has—and has not—followed Duke’s unique design.

In this quantity, Robert F. Durden explores how the propriety of linking jointly a tax-free starting place and an investor-owned, profit-seeking enterprise just like the Duke strength corporation has considerably replaced over the process the century. Explaining the results of the Tax Reform Act of 1969 for J. B. Duke’s dream, Durden exhibits how the philanthropist’s plan to have the Duke Endowment nearly personal and eventually keep an eye on Duke strength (which, in flip, would offer lots of the Endowment’s source of revenue) dissolved after the dying of daughter Doris Duke in 1993, whilst the trustees of the Endowment eventually had the unanimous votes had to sever that tie. even if the Endowment’s philanthropic projects—higher schooling (including Duke University), hospitals and well-being care, orphan and baby care in either North and South Carolina, and the agricultural Methodist church in North Carolina—continue to be served, this examine explains the effect of a century of political and social switch on one man’s cutting edge charitable intentions. it's also a sworn statement to the various employees individuals and trustees who've invested their very own time and inventive energies into additional reaping benefits those reasons, regardless of many years of inevitable demanding situations to the Endowment.

This 3rd quantity of Durden’s trilogy with regards to the Dukes of Durham will tell not just these drawn to the continued legacy of this outstanding family members but additionally these concerned with philanthropic forums, charitable endowments, remedy, child-care associations, the agricultural church, and better education.

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Additional resources for Lasting Legacy to the Carolinas: The Duke Endowment, 1924–1994

Example text

Only through the information contained in such reports, Rankin cautioned, could the trustees avoid substituting instead of stimulating local interests and responsibilities. (Rankin did not say, perhaps because at this early stage he could not fully realize, that it was through the data gathered from these "Applications for Assistance" that the Endowment would perform a significant national as well as Carolina-based service. While the assisted Carolina hospitals were the first to benefit from the rich comparative data that the Hospital Section soon began to assemble, it quickly became apparent that the assisted hospitals were the largest group in the nation employing uniform record keeping, which the Endowment required and which allowed the data to be truly comparative.

H. L. Mencken's American Mercury magazine specialized in sophomoric attacks on J. B. Duke and his presumption in thinking he could build himself a university allegedly from scratch. Other journalists for many years ignored Few's patient efforts to set the record straight and kept alive the story of J. B. Duke's "buying" himself a university. An additional twist was soon added with the allegation thatJ. B. Duke had firsttried to "buy" Princeton (sometimes Yale or some other college) but failing there, turned to a small college in the South that was unknown to so many in the East.

Duke, as the major stockholder in one of the larger mills managed by Geer, became closely associated. (An alumnus of Furman University and then a teacher there for a number of years before becoming a prominent textile manufacturer, Geer helped influence J. B. ) One of the first actions of the original trustees was to elect J. B. Duke and Watson Rankin as trustees, with the latter put in charge of planning and launching the work of the Endowment's Hospital and Orphan Section. J. B. Duke certainly did not consider the establishment of the Endowment as a stopping point, for he was keenly interested in the vast construction work that lay ahead for Duke University.

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