Download E-books Lasting Legacy to the Carolinas: The Duke Endowment, 1924–1994 PDF

Like nearly all of the founders of huge philanthropic foundations within the usa, James B. Duke assumed that the Duke Endowment, which he verified in 1924, might proceed its charitable task without end. Lasting Legacy to the Carolinas is an exam of the background of this origin 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 energy 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 almost personal and finally keep an eye on Duke strength (which, in flip, would provide 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 overall 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 impression 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 individuals and trustees who've invested their very own time and artistic energies into extra reaping rewards those motives, regardless of a long time of inevitable demanding situations to the Endowment.

This 3rd quantity of Durden’s trilogy on the subject of the Dukes of Durham will tell not just these attracted to the ongoing legacy of this notable family members but additionally these concerned with philanthropic forums, charitable endowments, therapy, child-care associations, the agricultural church, and better education.

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