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

By Robert F. Durden

Like the vast majority of the founders of enormous philanthropic foundations within the usa, James B. Duke assumed that the Duke Endowment, which he demonstrated in 1924, may proceed its charitable job 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 consequences of the Tax Reform Act of 1969 for J. B. Duke’s dream, Durden indicates how the philanthropist’s plan to have the Duke Endowment almost personal and eventually keep watch over Duke strength (which, in flip, would offer lots of the Endowment’s source of revenue) dissolved after the demise of daughter Doris Duke in 1993, while the trustees of the Endowment eventually had the unanimous votes had to sever that tie. even supposing the Endowment’s philanthropic projects—higher schooling (including Duke University), hospitals and healthiness care, orphan and baby care in either North and South Carolina, and the agricultural Methodist church in North Carolina—continue to be served, this learn explains the influence of a century of political and social swap on one man’s leading edge charitable intentions. it's also an affidavit to the numerous employees contributors and trustees who've invested their very own time and inventive energies into extra reaping benefits those explanations, regardless of a long time of inevitable demanding situations to the Endowment.

This 3rd quantity of Durden’s trilogy in terms of the Dukes of Durham will tell not just these attracted to the ongoing 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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