Duke University is setting up a “quasi-endowment” for its School of Medicine worth an annual $45m.
Announced by Richard Brodhead, president at Duke, in an annual speech to the institution’s Academic Council, the new fund will be fuelled by $500m transferred from the Duke University Health System balance sheet. It will also benefit from a further $200m from the School’s reserves and a further $40m from the wider university’s finances.
Brodhead said the fund will provide “a measure of predictable,…
