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- Duke’s endowment assets are managed by DUMAC Inc., a separate nonprofit support corporation organized and controlled by Duke University. DUMAC, in consultation with Duke’s Board of Trustees, implements spending and investment policies formulated to ensure a consistent, sustainable stream of endowment revenue over the long-term.
giving.duke.edu/blueprints/understanding-duke-endowments-101/
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DUMAC’s primary responsibility is to manage Duke University’s endowment assets. In addition to managing Duke’s endowment, DUMAC also manages the university’s defined benefit pension plan assets, Duke University Health System’s investments, and much of the university’s working capital.
Nov 6, 2023 · Duke’s endowment assets are managed by DUMAC Inc., a separate nonprofit support corporation organized and controlled by Duke University. DUMAC, in consultation with Duke’s Board of Trustees, implements spending and investment policies formulated to ensure a consistent, sustainable stream of endowment revenue over the long-term.
Management Duke’s endowment assets are managed collectively. Much the way individual investors pool their assets in a mutual fund, each of the individual funds comprising the university’s endowment owns units in Duke’s Long Term Pool (LTP). The LTP is managed by DUMAC Inc., a professionally staffed investment organization controlled by Duke
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The Duke Endowment’s investment portfolio has been managed by DUMAC Inc., a professionally staffed investment organization in Durham, N.C., governed by Duke University. Please see the DUMAC website for additional information, including its approach to diversity and responsible investing.
- 704.376.0291, Charlotte, 28202, North Carolina
DUMAC seeks to achieve an annualized real rate of return of at least 5.0% net of fees to fund the university’s spending and to allow for growth of the endowment after considering the effects of inflation.
Jun 30, 2023 · In addition, DUMAC manages The Duke Endowment, promoting child & family well-being, health care, education and spirituality across the Carolinas. Growth of an endowment fund comes from two sources: investment returns and gifts.
Since July 2007, The Duke Endowment’s investment portfolio has been managed by DUMAC Inc., a professionally stafed investment organization in Durham, N.C., governed by Duke University. During 2020, the investment return on the Endowment’s portfolio was 13.8 percent.*
