Articles in regional publications that pertain to a wide range of North Carolina-related topics.
James B. Duke Wins and Loses: The Partial Collapse of His Grand Design for Perpetual Philanthropy in the Carolinas
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21518
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A look at the evolution of the Duke Endowment, created by James B. Duke in 1924, as it has succeeded in maintaining its founder's concern for education and health care despite the termination of its relationship with the Duke Power Company. In the early 1970s, the endowment's board wanted to sell its stock in Duke Power and diversify its portfolio, however the resistance of Doris Duke and a revival of utility stocks in the 1980s tabled those plans until after her death in 1993. The trustees have managed the endowment creatively and in accordance with the philanthropic intention of its founder, but James Duke's plan for \"perpetual philanthropy\" funded by Duke Power Company dividends has ended.
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