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Washington Duke gave what was then known as Trinity College a $100,000 endowment in 1896, with the stipulation that the college "open its doors to women, placing them on an equal footing with men."
In 1924, Washington Duke's son, James B. Duke, established The Duke Endowment with a $40 million ($434 million in 2005 dollars) trust fund. The annual income of the fund was to be distributed to hospitals, orphanages, the Methodist Church, three colleges, and Trinity College. Last edited by thekingofclout; 04-04-2010 at 06:08 PM. |
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