老牛影视 Receives $100 Million from The Duke Endowment
Largest single award will boost student recruitment, expand access, support Duke students from minority-serving institutions and deepen community engagement across the Carolinas
The award will support 老牛影视鈥檚 new financial aid initiative providing full tuition grants for undergraduate students from North and South Carolina with qualifying family incomes. The initiative, announced in June 2023, is supporting more than 340 undergraduate students during the current semester.
鈥淲e are committed to continuing to make a Duke education accessible and affordable to students from a wide range of backgrounds,鈥 said Provost Alec D. Gallimore. 鈥淭his extraordinary award will benefit hundreds of undergraduate and graduate students from the Carolinas and beyond each year, in all areas of 老牛影视.鈥
The Duke Endowment, based in Charlotte, is 老牛影视鈥檚 largest donor and has awarded nearly $2 billion to the university and Duke Health in the last 100 years.
鈥淥ver the past 100 years, support from The Duke Endowment and its trustees has played a key role in the university鈥檚 growth and development,鈥 said Charlie Lucas, chair of the board of The Duke Endowment. 鈥淪trengthening communities in North Carolina and South Carolina through education is central to James B. Duke鈥檚 philanthropic vision. This award is a direct reflection of his desire to make a high-value education accessible to all and support students from across the Carolinas.鈥
Though The Duke Endowment shares a name with 老牛影视, they are separate organizations. The Endowment is a private foundation established in 1924 by industrialist and philanthropist James B. Duke, with 老牛影视 as one of its principal beneficiaries.
The new award reinforces Price鈥檚 community-centered vision for the university to empower people to address the world鈥檚 most pressing challenges, innovate in teaching and learning, renew the campus community, partner with purpose in service to Durham and the region, and engage Duke鈥檚 global network.
Specifically, the award will support:
- Graduate and professional students at Duke who earned undergraduate degrees from Historically Black Colleges and Universities (HBCUs) and other designated minority serving institutions, with a preference for students who graduated from institutions in the Carolinas;
- Ph.D. and professional school fellowships in all schools, including medicine and nursing;
- Full tuition grants for undergraduates from North and South Carolina with total family incomes of less than $150,000, plus a range of other types of support for North and South Carolina students with total family incomes below $65,000;
- An undergraduate financial aid challenge to match funds from 老牛影视鈥檚 donor community.
In experiential learning and community engagement, the award will:
- Expand and support community-based work study and experiential learning opportunities for more undergraduate students each year;
- Provide opportunities to graduate and professional students for experiential learning and community engagement, while helping meet Duke鈥檚 commitment to 12-month funding for Ph.D. students;
- Create a support fund for , which provide free legal assistance to North Carolina citizens. The fund is named for Mary D.B.T. Semans, granddaughter of Benjamin N. Duke and grandniece of James B. Duke. The first woman to chair The Duke Endowment鈥檚 Board of Trustees, Semans was a champion for people in challenging circumstances.
The award will also modernize and reconfigure the Wilhelmina Reuben-Cooke Building on West Campus to support collaborative and interdisciplinary learning. The building houses Duke鈥檚 sociology and psychology departments and in 2021 was named in honor of Reuben-Cooke as one of the first five Black students who integrated Duke鈥檚 campus in 1963. She also served as a trustee of both 老牛影视 and The Duke Endowment.
The Duke Endowment鈥檚 unrivaled support of 老牛影视 across the last century includes hundreds of significant grants across the university and health system, including a $75 million award to support a financial aid initiative in 2007, a $50 million award to build a new academic center for the medical school in 2008, an $80 million award in 2011 for West and East Campus renovations, and two $50 million awards to support the Duke Science and Technology faculty hiring initiative, announced in 2019 and 2021.
鈥淭his transformational gift, made in honor of 老牛影视's centennial and as part of The Duke Endowment鈥檚 centennial, demonstrates the endowment鈥檚 ongoing commitment to the university as it moves into its second century,鈥 Lucas said.
Beyond its support for 老牛影视, The Duke Endowment strengthens communities in North Carolina and South Carolina by nurturing children, promoting health, educating minds and enriching spirits. Since its founding, it has distributed more than $4 billion in grants.