In 1989, Duke University's Board of Trustees approved the formation of Duke Management Company (DUMAC) as a separate, non-profit support corporation of Duke University. DUMAC recommends investment policy and strategy, seeks and analyzes specific opportunities, and manages ongoing operations and activities. DUMAC operates under a cascading delegation of authority from the Board of Trustees and the DUMAC Board of Directors. Records include materials pertaining to Chief Executive Officer Eugene McDonald's office, including minutes, memoranda outlining proposed agendas, reports on past meetings, draft resolutions, studies, correspondence; staff meetings and memoranda; and long-range planning initiatives. Other major subjects in the collection include investment, athletics, information technology/computing reorganization, land resources, internal audits, policies, budget forecasts, and compensation. A significant part of the collection (found in boxes 3 and 4) includes materials related to discussion in the late 1980s about possible commercial use for part of Duke Forest.