Endowment & Investment Office

Endowment & Investment works to ensure the safety of the people and assets of Duke University, guarding them from risk of injury or financial loss. We are committed to protecting the trustees, faculty, staff and student of Duke University from injury or financial loss. We strive to keep the faculty, staff and students of Duke University safe from injury or financial loss. In addition, we are committed to protecting the trustees, faculty, staff and students of Duke University from risk, including injury or financial loss.

The Endowment & Investment Office is responsible for the following functions:

• Develop and implement overall Risk Management strategies and educate the University and Duke University Health System community regarding potential sources of risk
• Provide risk assessment for special events, such as student festivals and charity functions
• Confer with Counsel’s Office about settlement of claims and contract negotiations
• Serve as liaison with Occupational & Environmental Safety Office, Duke Police, and University Counsel’s Office to identify potential hazards
• Establish levels of self-insurance and limits of commercial insurance
• Negotiate and obtain insurance from financially sound insurers acceptable to the University
• Investigate and adjust property and casualty claims
• Review independent contractor insurance requirements to ensure adequate insurance coverages are in place
• Issue Certificates of Insurance

Endowment Administration

Summarized below are the primary responsibilities of the Endowment Administration Office related to the administration of the University’s endowment funds.

• Review draft endowment agreements prior to finalization with the donor, to ensure endowment agreements comply with University guidelines, Board of Trustee directives, and legal requirements
• Provide various endowment fund code analyses upon request, including fund distribution projections and current principal balances
• Examine endowment fund balances quarterly to determine those which are fully funded, and those that can begin fund distribution
• Review endowment fund balances to determine those endowments which have not met their minimum funding level requirement in the allowable time frame
• Interpret endowment agreements, as well as expenditure and funding guidelines
• Maintain the official University record of endowment agreements and related documentation; research questions relating to endowment funds
• Recommend policy changes and improvements for more efficient endowment administration
• Modify endowment agreements according to changes in legal requirements
• Prepare annual Schedule of Endowment and Similar Funds
• Ensure compliance with UMIFA guidelines
• Record annual fund distributions

 

Corporate Cash Management

Corporate Cash Management is responsible for the daily management of the University’s operating cash. In this role, this department coordinates the banking relationships for Duke University and Duke University Health System, and funds the various bank accounts to meet daily obligations.
The Corporate Cash Management functions include:

• Daily management of the University’s working capital.
• Monitoring banking relationships for Duke University and Duke University Health System.
• Acting as central repository for all banking information – including signature authority and account services changes.
• Funding of corporate bank accounts to meet daily obligations.
• Processing payments to outside entities by wire, ACH or foreign draft.
• Recording transactions related to and reconciliation of all charitable remainder funds.
• Providing accounting information for real estate transactions.
• Monitoring and processing investment transactions in the CMF, including distribution of income.
• Processing interest on overdraft charges.
• Providing accounting information for gifts of life insurance policies and restricted stock.

Contact Information

Office Hours:	8am-5pm, Mon-Fri
Physical Address:	American Tobacco Campus, Washington Building, Suite 900
Mailing Address:	Box Number 104140, Durham, NC 27708
Office:	(919) 668-0880
Fax:	(919) 668-0890

Directions?

Map of the American Tobacco Campus

Get Directions from GoogleMaps®

Hand Written Directions

From Duke West Campus/Chapel Dr.

1. Turn left from Chapel Dr. onto Duke University Rd.
2. Duke University Rd. becomes W. Chapel Hill St .
3. Follow over Durham Freeway, down slight hill
4. Just before going under overpass, turn right on Pettigrew
5. The north parking garage is on the right

From NC-147 N/I-40

1. Take NC-147 North to Exit 12B toward Mangum St / Roxboro St .
2. Turn right at the light on Roxboro St.
3. Turn left at the first light on Pettigrew St .
4. The North parking garage is on the left, past the Blackwell St. intersection

From NC-147 S/US 15-501 bypass

1. Take NC-147 to Exit 12 toward Mangum St./Roxboro St .
2. Cross Mangum St .
3. Turn left onto Roxboro St .
4. Turn left onto Pettigrew
5. The North parking garage is on the left, past the Blackwell St. intersection

From I-85 S

1. Take Exit 177 toward Durham/Downtown
2. Turn right onto N Roxboro St.
3. Merge right on Mangum St.
4. Turn right onto W. Pettigrew St.
5. The North parking garage is on the left past the Blackwell St. intersection.

Visitor Parking

Free visitor parking at the American Tobacco Campus (ATC) is available on the first level of the North parking garage along Petttigrew St.

To reach the Financial Services offices, exit the garage on the University Ford side (formerly Julian Carr St .). Enter through Bay 9 on the Carr St side, or through Bay 8 or 10 on the Courtyard side (the interior of the American Tobacco Campus). Both Bay 9 entrances is locked at all times. To enter, you will either need a valid Duke ID Card or to call the department you are visiting using the provided call box to gain building access.

Transportation Options

Charlene's Safe Ride provides transportation from Campus to the American Tobacco Campus free of charge for Duke employees. When calling 309-SAFE or making a reservation online at http://www.charlenesaferide.com/, be sure to mention that you are riding in conjunction with the Duke-ATC contract (online, select ATC-DUKE in the "I AM PAYING BY" field.)