Duke University is a private research university located in Durham, North Carolina, United States. Founded by Methodists and Quakers in the present day town of Trinity in 1838, the school moved to Durham in 1892. In 1924, tobacco and electric power industrialist James B. Duke established The Duke Endowment, at which time the institution changed its name to honor his deceased father, Washington Duke. The university has 'historical, formal, on-going, and symbolic ties' with the United Methodist Church, but is a nonsectarian and independent institution. Duke's research expenditures in the 2010 fiscal year topped $983 million, the fifth largest figure in the nation. Competing in the Atlantic Coast Conference, Duke's athletic teamsknown as the Blue Devilshave captured twelve team national championships, including four by its high profile men's basketball team.
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