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Duke University
Also Known As Duke University
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Origin from 1838
Duke University traces itself to a 1838 subscription school in North Carolina, was renamed Trinity College under Methodist sponsorship in 1859, and took its present name in 1924 after a benefaction from the tobacco magnate James Buchanan Duke. Its religious relevance to the atlas is specific: the psychology department housed J. B. Rhine's laboratory from 1930, where he coined the term extrasensory perception and built the first sustained program of controlled experimental parapsychology, a lineage now continued independently as the Rhine Research Center.
Facts
Finances
Institutional Wealth or FinancesDUMAC Inc (Duke University Management Company), which manages Duke University's own long-term investment pool, reported that pool at 11.9 billion US dollars as of 30 June 2024, up from 11.6 billion US dollars a year earlier, after an 8.0 percent return for fiscal 2024, according to Chief Investment Officer magazine's coverage. This is the university's own endowment, managed by DUMAC, and is a distinct figure from The Duke Endowment, a separately governed philanthropic foundation (also DUMAC-managed) with its own published financial statements and its own atlas entry. 3 DUMAC's reported value for Duke University's own long-term investment pool as of fiscal year end 2024, not The Duke Endowment foundation. Basis of the Wealth FigureJournalistic or Scholarly Estimate 3 Financial Disclosure RegimeDuke University's own endowment is managed by DUMAC and reported through the university's own communications and specialist institutional-investing trade press, such as Chief Investment Officer magazine, rather than a single standalone independently audited public endowment report reaching this atlas directly. DUMAC separately manages assets for The Duke Endowment, a distinct legal entity and philanthropic foundation with its own published financial statements; the two should not be conflated, and this figure is the university's own pool only. 3 Wealth Figure As Of Year Origins
Origin PeriodSourced to the subject's own account FounderSourced to the subject's own accountMethodist and Quaker communities founded the predecessor school in Randolph County in 1838; tobacco magnate James Buchanan Duke's 1924 endowment created Duke University, named for his father Washington Duke. 1 FoundedSourced to the subject's own accountDuke traces to an 1838 subscription school in North Carolina, was renamed Trinity College under Methodist sponsorship in 1859, and took its present name in 1924 after a benefaction from the tobacco magnate James Buchanan Duke. 1 Status
Current StatusSourced to the subject's own accountActive private research university, renamed from Trinity College in 1924. 1 History
Historical NoteRhine's parapsychology laboratory continued independently after his 1965 retirement from Duke, as the Rhine Research Center. 2 Historical NoteSourced to the subject's own accountThe school was renamed Trinity College under Methodist sponsorship in 1859, more than six decades before receiving the 1924 benefaction from James Buchanan Duke that gave the university its present name. 1 Organisation
Notable MemberSourced to the subject's own accountJ. B. Rhine, psychologist whose laboratory at Duke from 1930 coined the term extrasensory perception and built the first sustained program of controlled experimental parapsychology. 1 Governing BodySourced to the subject's own account Learn More
From Methodist College to Research University
Duke University began in 1838 as a one-room subscription school organized by Methodist and Quaker communities in rural North Carolina, moved and grew under a series of names, and took the name Trinity College in 1859 under the sponsorship of the Methodist Episcopal Church, South. Trinity relocated to Durham in 1892 at the invitation of tobacco and textile money, and in 1924 James Buchanan Duke, whose family had built a fortune in tobacco and hydroelectric power, endowed the institution with a trust that renamed it Duke University in memory of his father, on the condition that it expand into a full research university with graduate and professional schools.
The Methodist connection was never severed outright; Duke Divinity School continues to train clergy, predominantly for the United Methodist Church, and the university's Gothic chapel remains its architectural and ceremonial center. But the 1924 transformation deliberately built a modern research university on top of the older denominational college, and it is that research infrastructure, not the divinity school, that gave Duke its distinctive place in the history of the study of religion: a psychology department willing, in the 1930s, to house a research program that mainstream psychology regarded with open skepticism.
The Rhine Parapsychology Laboratory
The botanist J. B. Rhine and his wife Louisa followed the psychologist William McDougall to Duke in 1927 and 1928, and by 1930 Rhine had begun a program of card-guessing and dice experiments intended to test extrasensory perception and psychokinesis under controlled, statistically analyzed conditions, a deliberate break from the seance-room methods of earlier psychical research. His 1934 book Extra-Sensory Perception popularized the term and made Duke, for several decades, the recognized center of experimental parapsychology in the United States, formalized as the Duke Parapsychology Laboratory in 1935 and given a peer-reviewed outlet in the Journal of Parapsychology from 1937.
Rhine reached Duke's mandatory retirement age in 1965 and, rather than let the program close with him, founded an independent nonprofit, the Foundation for Research on the Nature of Man, which took the laboratory's records and continued its work outside the university; it was renamed the Rhine Research Center in 1995, the centenary of Rhine's birth, and still operates in Durham today as a body legally and financially separate from Duke, though closely identified with it in the public memory of the field. Duke's own psychology department no longer runs an active parapsychology program, and the university's relationship to the subject today is historical, the place where a controversial research tradition first tried to make itself into an experimental science.
Cross-Tradition Connections
Associated With
This source names Duke University directly: "that Mark Chaves has directed from Duke University since the study's first wave in 1998, with later waves in 2006 to 2007 and 2018 to 2019."
This source names Duke University directly: "publication, reporting DUMAC Inc's (Duke University Management Company) fiscal 2024 results for Duke University's own long-term investment pool: an 8.0 percent return for the year and assets that..."
This source names Duke University directly: "general-reference article on Duke University, a continuously edited tertiary source with no fixed publication year, accessed 2026-08-14."
Duke University's psychology department housed J. B. Rhine's laboratory from 1930, where he coined the term extrasensory perception.
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