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The Duke Basketball Legacy Fund
Duke Basketball and world-class success are synonymous. Building the fi nancial infrastructure of the program through the Duke Basketball Legacy Fund and its other development initiatives are imperative to continue that success. Coach K’s driving force behind the mission to build an everlasting basketball program speaks for his desire to see the program sustained well past his coaching days.
The Legacy Fund began in January 2000 with the aim to establish a comprehensive endowment fund for player scholarships, coaches’ salaries and operational budget, build a capital fund to enhance historic Cameron Indoor Stadium, address year round training needs and meet the overall demands of the program well into the future. Each of the 30 partners to the Fund, as of October 2006, have contributed a minimum of $1 million each and contributed a total of over $37 million to date.
One of Duke’s all-time greats and one of only 11 players in school history to have his jersey number retired, Grant Hill, has once again led the Blue Devils by serving as the Chairman of the Duke Basketball Legacy Fund. He accepted the position, as he has everything in his life, with a full commitment to excellence. The six-time NBA All-Star and three-time college All-America led off the fundraising initiative with a $1 million gift to endow a scholarship in his and his wife Tamia’s names.
A total of eight player scholarships and a manager scholarship have now been fully endowed, including a new player scholarship donated by Christian Laettner and Brian Davis, who both played major roles in Duke’s capturing of back-to-back NCAA titles in 1991 and 1992. The pair also contributed a major gift to Duke’s newest endeavor - the building of The Michael W. Kryzewski Center - Dedicated to Academic & Athletic Excellence, adjacent to Cameron, which will house a new state-of-the-art training facility for men’s basketball.
In recent years, several other programs have grown from the initial and unique Legacy Fund development plan. In 2002, Duke became just the second school to initiate a Venture Capital Co-Investment Fund within an athletic department and that group now numbers 17 strong with each investor giving a $50,000 gift. Duke basketball’s connection with the Fuqua School of Business has translated into the annual Coach K / Fuqua Conference on Leadership and three years ago established the unique Fuqua / Coach K Center on Leadership & Ethics.
Another anchor to the year-round Duke Basketball efforts has been the summer basketball fantasy camp, the K Academy. Each year campers from around the country join Duke’s former players for a fi ve-day one-of-a-kind Duke Basketball experience. This past summer, 57 campers and 20 former Duke players came to Cameron for the experience.
As National Coach of the Decade for the 1990s and Duke’s visionary leader, Coach K endeavors to secure the future of the program. With the creation of the Duke Basketball Legacy Fund, the program’s heralded past as well as its future success will be forever linked.
For more information about the Duke Basketball Legacy Fund, please contact Director Mike Cragg at (919) 613-7501.
The Duke Basketball Legacy Fund
Schwartz Butters Athletic Center
Durham, NC 27708