They control the funding for Duke?
I thought it was a private school.
Duke is a private university. It was founded by Methodists and Quakers in 1838. In 1924 James Buchanan Duke, an industrialist with tobacco (American Tobacco Co) and electric power interests (Duke Power Company) gave the money to establish Duke University from Trinity College. Today it is the 8th largest research institution in the US. Richard Nixon obtained his law degree from Duke. Duke’s endowment in 2014 had a value of $7 billion.