Contains memoranda, correspondence, budgets, reports, agreements, financial information, organizational records and other printed matter pertaining to the financial status Duke University's academic departments, organizations, benefactors, and Medical Center. Major topics include Duke University's relationship with the Duke Endowment and Local Unions 77 and 465, the Internal Audit Office, the Chancellor's Office, the Board of Trustees, Medical Center construction, university properties, parking, the physical plant, facilities renovations, the Environmental Concerns Committee, Research Triangle Park, Research Triangle Institute, highway development, the Duke University Athletic Association, WDBS campus radio station, Duke University Marine Lab, Duke Forest, Charles B. Huestis, C. G. Henricksen, the American Dance Festival, business auxiliaries, departments of the Business and Finance Division (including Housing, Data Processing and the Computation Center, Accounting, Dining Halls, Personnel, Materials Support, Safety and Traffic, Utilities, and the TelCom division), the Duke Vigil, and the University Architect. Major correspondents include University Architect, University Council, Business Manager, Corporate and University Controllers, Terry Sanford, William G. Anlyan, and A. Kenneth Pye. Subject files are arranged alphabetically.
The Vice President for Business and Finance was the chief fiscal officer of the university, and reported to the President. The position was established in 1962, and was superseded in 1985 by the position of Executive (or Senior) Vice President. The officer was responsible for fiscal planning, preparation of the budget, and supervision of the University's non-academic programs. Ordinarily, the Vice President for Business and Finance was responsible for signing formal requests for grants and contracts submitted to government agencies and foundations, and had custody of contracts, deeds agreements, and other documents relating to the University's non-academic operations.
The Vice President for Business and Finance was responsible for Duke's entire Business and Finance Division; at various times in division history the positions of Business Manager, Treasurer, Controller, University Architect, and Vice President for Administration and Health Affairs reported to the Vice President for Business and Finance. The Vice President for Business and Finance was also responsible for such departments as Physical Plant, Personnel, Business Auxiliaries (including Dining Halls, Stores, and Housing divisions), Material Support, Internal Audit, Data Processing, Public Safety, and Accounting, among others.
Occupants of the position were Gerhard C. Henricksen, 1962-1966, and Charles B. Huestis, 1966-1985.
Gerhard Henricksen (1907-1994) came to Duke in 1936 as an internal auditor. He was promoted to Assistant Comptroller and Assistant Business Manager in 1948, Comptroller and Assistant Treasurer in 1956, Comptroller and Business Manager in 1958, and Assistant to the President for Business and Finance in 1961. In 1962, Henricksen was appointed to fill the newly created position of Vice President for Business and Finance, a position he held until his promotion to Vice President and Treasurer of the university in 1966.
Henricksen was succeeded as Vice President of Business and Finance by Charles B. Huestis (1920-), who came to Duke from Hughes Aircraft Company in 1966. Huestis served as the Vice President for Business and Finance for the next 19 years, retiring in 1985. In addition to his professional duties at Duke, Huestis also served as a director of the Durham Investment Company and Research Triangle Foundation, was an active Sierra Club member and mountain climbing enthusiast (including participating in the 1963 American Mt. Everest Expedition), served on numerous university committees, and was a member of "The Troika" which guided the university during the period between presidents in 1969. Huestis was succeeded as Senior Vice President by Eugene McDonald.
