Duke Endowment awards $98 million

CHARLOTTE, N.C. — The Duke Endowment has granted a total of more than $98 million to groups working in education, health care, children’s welfare and to rural Methodist churches in the first two quarters of 2007.

Some of its largest educational grants included $15 million for Duke University’s new service-learning initiative, Duke Engage, and $5 million for an endowment to eliminate student debt at Davidson College.

Funds also went to several groups that help children transition out of foster care, as well as community-based initiatives in indigent health care run by the North Carolina and South Carolina hospital associations and a project at Duke Divinity School that examines and promotes clergy health.

This year the Endowment also awarded substantial, multi-year grants.

“We have learned that significant, sustained investments are more effective in achieving solid growth and accomplishing serious change in all four of the sectors we support,” Endowment President Gene Cochrane said in a statement.

The Charlotte-based philanthropy, which has $3 billion in assets, was established in 1924 to fund Duke University, Davidson College, Johnson C. Smith University in North Carolina and Furman University in South Carolina, as well as hospitals, children’s welfare advocacy groups and rural Methodist churches in the two states.

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