TY 2019 CompensationExplanation

Instrumentl eFile RenderObject ID: 202023189349102042 - Rendered 2024-05-02 TIN: 56-0529965

Name:

THE DUKE ENDOWMENT

EIN:

56-0529965

Person Name	Explanation
Karen H Rogers	Trustee Compensation: Trustee compensation was set forth in the Second division of Mr. Duke's Indenture of Trust dated December 11, 1924, as amended. Trustees do not receive compensation for travel-related expenses. The minimum hours for trustees is based upon 10 board meetings, related committee meetings, travel and preparation time. Trustees are also frequently consulted between meetings and asked to review and comment on e-mails, reports and papers prepared by staff and assist on other Endowment related matters. Broken down on a weekly basis, the minimum time is approximately 4 to 7 hours per week, per trustee. Executive Compensation: The Duke Endowment provides a supplemental executive retirement plan to a select group of management or highly compensated employees under a nonqualified deferred compensation arrangement, subject to substantial risk of forfeiture

Person Name

Explanation

Karen H Rogers

Trustee Compensation: Trustee compensation was set forth in the Second division of Mr. Duke's Indenture of Trust dated December 11, 1924, as amended. Trustees do not receive compensation for travel-related expenses. The minimum hours for trustees is based upon 10 board meetings, related committee meetings, travel and preparation time. Trustees are also frequently consulted between meetings and asked to review and comment on e-mails, reports and papers prepared by staff and assist on other Endowment related matters. Broken down on a weekly basis, the minimum time is approximately 4 to 7 hours per week, per trustee. Executive Compensation: The Duke Endowment provides a supplemental executive retirement plan to a select group of management or highly compensated employees under a nonqualified deferred compensation arrangement, subject to substantial risk of forfeiture