In his message to the Duke community on April 8, President Vincent Price described the impact of COVID-19 pandemic as having “profound and lasting effects, including severe and negative effects on our operations and finances.”
The pandemic is expected to affect Duke’s multiple sources of revenue, including tuition, research grants, clinical revenue, private philanthropy and income from investments and endowment. As the University undertakes plans to address its financial challenges, it will be guided by its overarching strategic framework, Toward our Second Century and our shared values of respect, trust, inclusion, discovery and excellence.
This site will feature the latest news, information and resources related to the considerations, plans and actions to secure Duke’s financial future.
President Price Announces New Steps to Secure Duke's Financial Future
May 13, 2020
Over these past few months, the world has seen the best of Duke. Every member of our community has risen to meet extraordinary difficulties that none of us expected when the academic year began with such promise last August. For all that, and on behalf of your colleagues around the world, I thank you. I have never been prouder to be a Blue Devil.
Duke Announces Spending Controls for Information Technology
May 6, 2020
The University’s financial leadership continues to control costs in response to current economic realities. IT systems, services and support are among our highest expenses, and we are initiating three additional controls over IT spending.
Two Teams to Plan for Post-Crisis Agenda
April 15, 2020
Will Duke open in the fall? And what will the university look like ten years from now? Those are some of the questions that will be addressed by two new interdisciplinary strategy teams that will advise the Duke’s leadership on navigating through the next phase of the COVID-19 pandemic, President Vincent E. Price announced Tuesday.
University's 2020 Compensation Program
April 9, 2020
As a follow up to President Price’s message yesterday regarding actions to mitigate our deepening financial challenges, we are providing addition details about the compensation program for this year, which includes no salary increases for University employees making more than $50,000 per year.
Securing Our Financial Future
April 8, 2020
This message from Duke President Vincent E. Price was sent to all Duke University and Duke University Health System faculty and staff