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← ALFRED I DUPONT CHARITABLE TRUST

Form 990 for tax year 2023

Filed by ALFRED I DUPONT CHARITABLE TRUST.

Totals

Total revenue
$284,631,015
Total expenses
$266,135,258
Contributions and grants received
$0
Grants paid
$244,376,677
Program service revenue
$0
Investment income
$284,631,015
Other revenue
$0
Total assets, end of year
$8,268,540,328
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$8,268,540,328
Program services expenses (Part IX)
$256,825,717
Management and general expenses
$9,309,541
Fundraising expenses
$0
Program service expenses (Part III)
$256,825,717

Program services were 96.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $106,892,651 · related or exempt $92,912,100 · unrelated business $13,980,551

  • 7a · Gross sales of assets other than inventory

    securities $604,298,579 · other assets $863,133,614

  • 7b · Less cost or other basis and sales expenses

    securities $608,777,844 · other assets $680,915,985

  • 7c · Gain or loss

    securities -$4,479,265 · other assets $182,217,629

  • 7d · Net gain or loss

    total $177,738,364 · related or exempt $177,738,364

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $244,376,677 · program services $244,376,677

  • 5 · Compensation of officers, directors and key employees

    total $5,143,084 · program services $5,143,084

  • 7 · Other salaries and wages

    total $5,726,049 · program services $5,726,049

  • 8 · Pension plan contributions

    total $618,170 · program services $618,170

  • 9 · Other employee benefits

    total $635,005 · program services $635,005

  • 10 · Payroll taxes

    total $326,732 · program services $326,732

  • 11b · Fees: legal

    total $335,404 · management and general $335,404

  • 11c · Fees: accounting

    total $366,788 · management and general $366,788

  • 11f · Fees: investment management

    total $3,510,260 · management and general $3,510,260

  • 11g · Fees: other

    total $757,628 · management and general $757,628

  • 13 · Office expenses

    total $94,321 · management and general $94,321

  • 14 · Information technology

    total $469,196 · management and general $469,196

  • 16 · Occupancy

    total $909,968 · management and general $909,968

  • 17 · Travel

    total $357,672 · management and general $357,672

  • 19 · Conferences, conventions and meetings

    total $285,292 · management and general $285,292

  • 22 · Depreciation, depletion and amortization

    total $605,081 · management and general $605,081

  • 23 · Insurance

    total $122,392 · management and general $122,392

  • 24a · Other expenses: OTHER EXPENSES

    total $1,495,539 · management and general $1,495,539

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $118,267,990 · end of year $115,979,037

  • 10a · Land, buildings and equipment: cost or other basis

    $24,178,447

  • 10b · Land, buildings and equipment: accumulated depreciation

    $8,928,246

  • 10c · Land, buildings and equipment, net

    beginning of year $15,619,985 · end of year $15,250,201

  • 11 · Investments: publicly traded securities

    beginning of year $1,931,704,733 · end of year $2,194,470,711

  • 12 · Investments: other securities

    beginning of year $5,750,659,736 · end of year $5,942,840,379

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

THE ALFRED I. DUPONT CHARITABLE TRUST (THE "CHARITABLE TRUST") IS ONE OF AMERICA'S MOST GENEROUS SUPPORTERS OF PEDIATRIC HEALTHCARE. SINCE 1935, THE CHARITABLE TRUST HAS DISTRIBUTED $4.4 BILLION TO ITS PRIMARY BENEFICIARY, THE NEMOURS FOUNDATION, FOR THE CARE AND TREATMENT OF CHILDREN PRIMARILY IN DELAWARE AND FLORIDA, AND IT HAS HELPED HUNDREDS OF THOUSANDS OF SICK CHILDREN FIND HEALTH AND NEW HOPE FOR THE FUTURE, REGARDLESS OF ABILITY TO PAY.

Activities or mission (Part I)

SUPPORT OF PEDIATRIC HEALTHCARE AT THE NEMOURS FOUNDATION

  • SEE SCHEDULE O

    Expenses $256,825,717 · Grants $244,376,677 · Revenue $270,650,464

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Hugh M Durden

    CHAIRMAN

    Total calculated
    $168,285
    From this org
    $168,285
    From related orgs
    $0
    Other
    $0
    Hours/week
    12 + 4 related

    Schedule J breakdown matched by us

    Base
    $144,402
    Bonus
    $0
    Other
    $23,883
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $168,285

  • Terri L Kelly

    TRUSTEE

    Total calculated
    $161,153
    From this org
    $161,153
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    $131,275
    Bonus
    $0
    Other
    $29,878
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $161,153

  • John S Lord

    TRUSTEE

    Total calculated
    $153,932
    From this org
    $153,932
    From related orgs
    $0
    Other
    $0
    Hours/week
    9 + 8 related

    Schedule J breakdown matched by us

    Base
    $131,275
    Bonus
    $0
    Other
    $22,657
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $153,932

  • Thomas G Kuntz

    TRUSTEE

    Total calculated
    $154,340
    From this org
    $154,340
    From related orgs
    $0
    Other
    $0
    Hours/week
    10 + 8 related

    Schedule J breakdown matched by us

    Base
    $131,275
    Bonus
    $0
    Other
    $23,065
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $154,340

  • Geoffrey M Rogers

    TRUSTEE

    Total calculated
    $153,642
    From this org
    $153,642
    From related orgs
    $0
    Other
    $0
    Hours/week
    10 + 8 related

    Schedule J breakdown matched by us

    Base
    $131,275
    Bonus
    $0
    Other
    $22,367
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $153,642

  • Robert G Riney

    TRUSTEE

    Total calculated
    $153,547
    From this org
    $153,547
    From related orgs
    $0
    Other
    $0
    Hours/week
    9

    Schedule J breakdown matched by us

    Base
    $131,275
    Bonus
    $0
    Other
    $22,272
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $153,547

  • David D Gonino

    PRESIDENT/CIO

    Total calculated
    $3,937,574
    From this org
    $3,588,942
    From related orgs
    $0
    Other
    $348,632
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $888,787
    Bonus
    $2,550,000
    Other
    $150,155
    Deferred
    $301,202
    Nontaxable benefits
    $47,430
    Filer's total
    $3,937,574

  • Kara P Riley

    CHIEF OPERATING OFFICER

    Total calculated
    $1,231,673
    From this org
    $735,263
    From related orgs
    $0
    Other
    $496,410
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $426,248
    Bonus
    $287,305
    Other
    $21,710
    Deferred
    $456,039
    Nontaxable benefits
    $40,371
    Filer's total
    $1,231,673

  • James T Kirk

    GENERAL COUNSEL

    Total calculated
    $471,663
    From this org
    $437,807
    From related orgs
    $0
    Other
    $33,856
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $306,502
    Bonus
    $130,995
    Other
    $310
    Deferred
    $0
    Nontaxable benefits
    $33,856
    Filer's total
    $471,663

  • Kimberly D Price

    ASSISTANT SECRETARY

    Total calculated
    $210,323
    From this org
    $177,516
    From related orgs
    $0
    Other
    $32,807
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,185
    Bonus
    $13,000
    Other
    $14,331
    Deferred
    $0
    Nontaxable benefits
    $32,807
    Filer's total
    $210,323

  • Travis K Angevine

    DPTY CIO/MANAGING DIR OF PUBLIC MKT

    Total calculated
    $2,029,346
    From this org
    $1,133,315
    From related orgs
    $0
    Other
    $896,031
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $522,080
    Bonus
    $585,517
    Other
    $25,718
    Deferred
    $846,816
    Nontaxable benefits
    $49,215
    Filer's total
    $2,029,346

  • Charles D Hendrix

    MANAGING DIR OF PRIVATE MKT

    Total calculated
    $1,776,562
    From this org
    $1,057,810
    From related orgs
    $0
    Other
    $718,752
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $484,582
    Bonus
    $546,451
    Other
    $26,777
    Deferred
    $679,561
    Nontaxable benefits
    $39,191
    Filer's total
    $1,776,562

  • Sean A Kelly

    MANAGING DIR/DIR OF PRIV MKT

    Total calculated
    $937,775
    From this org
    $595,088
    From related orgs
    $0
    Other
    $342,687
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $331,467
    Bonus
    $263,275
    Other
    $346
    Deferred
    $300,141
    Nontaxable benefits
    $42,546
    Filer's total
    $937,775

  • Whitney A Skoglund

    DIR OF ACCT AND TAX

    Total calculated
    $294,767
    From this org
    $261,212
    From related orgs
    $0
    Other
    $33,555
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $189,807
    Bonus
    $71,149
    Other
    $256
    Deferred
    $0
    Nontaxable benefits
    $33,555
    Filer's total
    $294,767

  • Holden B Harrell

    ASST DIR OF PUBLIC MKT

    Total calculated
    $240,594
    From this org
    $215,664
    From related orgs
    $0
    Other
    $24,930
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,527
    Bonus
    $53,700
    Other
    $437
    Deferred
    $0
    Nontaxable benefits
    $24,930
    Filer's total
    $240,594

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1a · Travel for companions
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
UNDER CERTAIN CIRCUMSTANCES, FIRST CLASS TRAVEL IS ALLOWABLE WHEN THE TRAVEL QUALIFIES FOR BUSINESS CLASS TRAVEL BUT THE FLIGHT DOES NOT OFFER BUSINESS CLASS. GENERALLY, COACH OR LOWER PROMOTIONAL FARES ARE THE ONLY CLASSES OF TRAVEL AVAILABLE TO TRUST EMPLOYEES. BUSINESS CLASS FARES ARE ALLOWABLE FOR ALL TRUSTEE TRAVEL AND ALLOWABLE FOR TRUST EMPLOYEES WHEN THE ORIGIN AND/OR DESTINATION ARE OUTSIDE THE CONTINENTAL UNITED STATES, WHEN AN OVERNIGHT OR "RED-EYE" FLIGHT EXCEEDS 5 HOURS, WHEN NO SPACE IS AVAILABLE IN COACH CLASS ACCOMMODATIONS IN TIME TO ACCOMPLISH THE BUSINESS TRAVEL WHICH IS URGENT AND CANNOT BE POSTPONED, AND WHEN THE USE OF BUSINESS CLASS ACCOMMODATIONS IS NECESSARY TO MEET THE TRAVELER'S DISABILITY OR OTHER SPECIAL NEEDS AS SUBSTANTIATED IN WRITING BY A COMPETENT MEDICAL AUTHORITY.
PART I, LINE 4B:
THE CHARITABLE TRUST MAINTAINS A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN ("SERP") FOR A SELECT GROUP OF MANAGEMENT AND HIGHLY COMPENSATED EMPLOYEES AS DETERMINED BY THE TRUSTEES. THE SERP WAS ADOPTED IN ORDER TO PROVIDE CERTAIN EMPLOYEES WITH NONQUALIFIED DEFERRED COMPENSATION BENEFITS SUBJECT TO IRC SECTION 457(F) IN RECOGNITION OF THE SERVICES THEY PROVIDE. THE CHARITABLE TRUST MAKES DISCRETIONARY CONTRIBUTIONS TO THE PLAN AND MAY AMEND OR TERMINATE THE PLAN AT ANY TIME. $144,887 OF VESTED SERP WAS DISTRIBUTED TO DAVID D. GONINO, $21,028 TO KARA P. RILEY, $24,485 TO TRAVIS K. ANGEVINE, AND $24,483 TO CHARLES D. HENDRIX DURING 2023.
PART I, LINE 7:
CERTAIN EMPLOYEES OF THE CHARITABLE TRUST ARE ELIGIBLE FOR INCENTIVE COMPENSATION. THIS COMPENSATION IS BASED ON QUALITATIVE AND QUANTITATIVE ORGANIZATIONAL GOALS AND THE ACHIEVEMENT OF SUCH GOALS BY THE ORGANIZATION. OVERALL COMPENSATION IS WITHIN PARAMETERS DETERMINED BY THE CHARITABLE TRUST'S INDEPENDENT COMPENSATION CONSULTANT AND REFLECTS COMPENSATION LEVELS AMONG FOUNDATIONS AND ENDOWMENTS OF ORGANIZATIONS THAT ARE COMPARABLE TO THE CHARITABLE TRUST IN ASSET VALUE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • AIDTT LLC

    REAL ESTATE HOLDING · FL · assets $15,250,201

    Directly controlled by AIDCT

  • SWAMP HALL LLC

    INVESTMENTS · DE · assets $3,181,971

    Directly controlled by AIDCT

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • SDP SPECIAL SITUATIONS LLC - SERIES M

    INVES-EXCLUDED · INVESTMENTS · CA · 80% owned · share of income -$1,441,068 · share of assets $58,487

    Directly controlled by A I DUPONT CHARITABLE TRUST

  • JMK MK SIDE CAR LP

    INVES-EXCLUDED · INVESTMENTS · NY · 75.79% owned · share of income -$31,151 · share of assets $2,892,052

    Directly controlled by A I DUPONT CHARITABLE TRUST

  • SPRINTS FLINT LP

    INVES-EXCLUDED · INVESTMENTS · GK · 60.13% owned · share of income -$13,805 · share of assets $5,084,356

    Directly controlled by A I DUPONT CHARITABLE TRUST

  • SEACREST NCS FUND LP

    INVES-EXCLUDED · INVESTMENTS · BD · 58.86% owned · share of income $125,242 · share of assets -$124,693

    Directly controlled by A I DUPONT CHARITABLE TRUST

  • ATALAYA AIF COINVESTMENT FUND LP

    INVES-EXCLUDED · INVESTMENTS · NY · 52.78% owned · share of income $252,519 · share of assets $12,602,519

    Directly controlled by A I DUPONT CHARITABLE TRUST

  • MEREWETHER CYCLICALS OPPORTUNITIES FUND LP

    INVES-EXCLUDED · INVESTMENTS · TX · 48.16% owned · share of income $6,162,916 · share of assets $70,653,579

    Directly controlled by A I DUPONT CHARITABLE TRUST

  • NEUBERGER BERMAN SHORT DUR EMRGNG MKT DEBT FND LLC

    INVES-EXCLUDED · INVESTMENTS · IL

    Directly controlled by THE NEMOURS FOUNDATION

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ALFRED I DUPONT ANNUITANTS' TRUST

    T · INVESTMENTS · FL

  • DORNOCH-SUTHERLAND ASSURANCE LTD

    C · CAPTIVE INSURANCE · CJ

    Directly controlled by THE NEMOURS FOUNDATION

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202433209349318263

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