2023-11-15T17:31:51-06:00 2022-12-31 135565207 KPMG LLP 500 W 5TH ST STE 800 WINSTONSALEM NC 27101 990 2022-01-01 590226560 ALFRED I DUPONT CHARITABLE TRUST ALFR 9043949800 510 ALFRED DUPONT PLACE JACKSONVILLE FL 32202 HUGH DURDEN CHAIRMAN 9043949800 2023-11-14 1 HUGH DURDEN 999009999 1 BRIAN KEARNS P02061479 3362753394 2023-11-09 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z HUGH DURDEN 510 ALFRED DUPONT PLACE JACKSONVILLE FL 32202 2862959273 0 X N/A X 2018 FL SUPPORT OF PEDIATRIC HEALTHCARE AT THE NEMOURS FOUNDATION 6 0 24 0 20741957 8226440 0 0 0 0 925187634 530001291 0 0 925187634 530001291 243934894 282737868 0 0 11515583 12161750 0 0 0 13723270 9727151 269173747 304626769 656013887 225374522 9026975004 7816252444 0 0 9026975004 7816252444 X 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 MORE THAN $4.1 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. 0 0 294899618 282737868 453996752 SEE SCHEDULE O 294899618 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 X 47 0 1 24 1 1 1 1 CJ MP SN UK IN 0 0 0 0 0 0 0 0 1 0 X 6 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X KARA RILEY COO 9043949800 510 ALFRED DUPONT PLACE JACKSONVILLE FL 32202 HUGH M DURDEN CHAIRMAN 20.00 8.00 X X 167864 0 0 THOMAS G KUNTZ TRUSTEE 8.00 8.00 X 153220 0 0 GEOFFREY M ROGERS TRUSTEE 8.00 8.00 X 153220 0 0 JOHN S LORD TRUSTEE 9.00 8.00 X 153510 0 0 WINFRED L THORNTON TRUSTEE 7.00 5.00 X 141361 0 0 TERRI L KELLY TRUSTEE 8.00 0.00 X 160606 0 0 ROBERT G RINEY TRUSTEE 8.00 0.00 X 120335 0 0 DAVID D GONINO PRESIDENT/CIO 40.00 0.00 X 3815557 0 210870 KARA P RILEY CHIEF OPERATING OFFICER 40.00 0.00 X 594424 0 364287 KIMBERLY D PRICE ASSISTANT SECRETARY 40.00 0.00 X 130141 0 32008 TRAVIS K ANGEVINE MANAGING DIR OF PUBLIC MKT 40.00 0.00 X 855944 0 665943 CHARLES D HENDRIX MANAGING DIR OF PRIVATE MK 40.00 0.00 X 841291 0 641620 CHARLES S SHEAIN DIR OF PUBLIC MARKETS 40.00 0.00 X 892703 0 33389 JAMES T KIRK GENERAL COUNSEL 40.00 0.00 X 414445 0 33978 SEAN A KELLY DIR OF PRIVATE MARKETS 40.00 0.00 X 444022 0 306254 9038643 0 2288349 24 0 1 0 THE NORTHERN TRUST COMPANY 50 SOUTH LASALLE STREET CHICAGO IL 60603 INVESTMENT CUSTODY & MANAGEMENT SERVICES 889330 MEREWETHER INVESTMENT MANAGEMENT LP 750 N ST PAUL ST SUITE 1330 DALLAS TX 75201 INVESTMENT MANAGEMENT SERVICES 725905 ANEXINET CORPORATION 4 SENTRY PARKWAY SUITE 300 BLUE BELL PA 19422 INFORMATION TECHNOLOGY SERVICES 427791 DODGE & COX 555 CALIFORNIA STREET 40TH FLOOR SAN FRANCISCO CA 94104 INVESTMENT MANAGEMENT SERVICES 425588 THE BURGISS GROUP LLC 111 RIVER STREET 10TH FLOOR HOBOKEN NJ 07030 DATA AND ANALYTICS SERVICES 378418 26 76004539 20741957 55262582 1277534434 1509420300 1290721480 1042236502 -13187046 467183798 453996752 453996752 530001291 453996752 20741957 55262582 282737868 282737868 5022445 5022445 5585381 5585381 671951 671951 554103 554103 327870 327870 515724 515724 368810 368810 4415767 4415767 737632 737632 85475 85475 512770 512770 841149 841149 343890 343890 144407 144407 619127 619127 110022 110022 OTHER EXPENSES 1032378 1032378 304626769 294899618 9727151 0 446373465 118267990 23943150 8323165 16104824 15619985 1546571927 1785644573 7017924788 5896719896 9026975004 7816252444 0 0 X 0 0 0 0 0 0 9026975004 7816252444 9026975004 7816252444 225374522 -1436097082 0 X 0 1 X 1 0 X X X 1 THE NEMOURS FOUNDATION 590634433 3 1 282737868 0 1 282737868 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SCHEDULE A, PART IV, SECTION C, LINE 1 ALFRED I. DUPONT CHARITABLE TRUST QUALIFIES AS A TYPE II SUPPORTING ORGANIZATION, AS DEFINED IN IRC CODE SECTION 509(A)(3)(B)(II), BASED ON THE COMMON CONTROL OF THE CHARITABLE TRUST AND THE NEMOURS FOUNDATION BY THE INDIVIDUALS WHO SERVE AS TRUSTEES OF THE CHARITABLE TRUST. THE COMMON CONTROL REQUIREMENT IS SATISFIED IN THIS CASE. THE CHARITABLE TRUST IS GOVERNED BY SIX TRUSTEES. THE NEMOURS FOUNDATION IS A MEMBERSHIP CORPORATION, AND ITS GOVERNING DOCUMENTS DESIGNATE THE TRUSTEES OF THE CHARITABLE TRUST AS ITS SOLE MEMBERS. THE NEMOURS FOUNDATION ALSO HAS A BOARD OF DIRECTORS WHO OVERSEE ITS DAY-TO-DAY ACTIVITIES, BUT THOSE DIRECTORS ARE APPOINTED BY THE MEMBERS. THE COMMON CONTROL ASSURES THAT THE CHARITABLE TRUST WILL BE "SUPERVISED OR CONTROLLED IN CONNECTION WITH" THE NEMOURS FOUNDATION, AND THEREFORE WILL QUALIFY AS A TYPE II SUPPORTING ORGANIZATION UNDER CODE SECTION 509(A)(3)(B)(II) AND TREAS. REG. SECTION 1.509(A)-4(H). 296151738 13233799 -19384974 13196904 331358 276472301 266295711 7261140 36100619 13300185 205547 296151738 249508774 6734086 22659042 12431024 175167 266295711 218594430 9610720 31666343 10157031 205688 249508774 236912691 7706794 -13556218 12310285 158552 218594430 0 0 3335457 3335457 18181308 6418206 11763102 2426385 1904959 521426 15619985 INVESTMENTS IN PARTNERSHIPS 5896719896 F 5896719896 X -906095791 -1436097082 -1436097082 530001291 0 530001291 304626769 0 304626769 0 304626769 SCHEDULE D, PART V, LINE 4 ENDOWMENT FUNDS THE NEMOURS FOUNDATION, A RELATED ENTITY TO ALFRED I. DUPONT CHARITABLE TRUST, HAS ENDOWMENTS THAT HAVE BEEN ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING PEDIATRIC HEALTH CARE, OPHTHALMOLOGY, ORTHOPEDIC, DENTAL AND RESEARCH THAT ARE MANAGED BY THE ALFRED I. DUPONT CHARITABLE TRUST. SCHEDULE D, PART X, LINE 2 THE TRUST IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) AND IS ALSO EXEMPT FROM STATE INCOME TAXES. HOWEVER, THE TRUST IS SUBJECT TO CURRENT FEDERAL AND STATE UNRELATED BUSINESS INCOME TAX, IN CONNECTION WITH CERTAIN OF ITS LIMITED PARTNERSHIP INTERESTS. MANAGEMENT BELIEVES THAT THE TAX EXPOSURE RELATED TO UNRELATED BUSINESS INCOME GENERATED BY THE TRUST IS NOT MATERIAL TO THE FINANCIAL STATEMENTS. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 2 PROGRAM SERVICES INVESTMENT MANAGMENT 1163235 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 1 PROGRAM SERVICES INVESTMENT MANAGEMENT 738783 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 2 PROGRAM SERVICES INVESTMENT CONSULTING 35000 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, INVESTMENTS 1487670243 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM INVESTMENTS 780425201 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, INVESTMENTS 298984445 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES INVESTMENTS 223921555 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, INVESTMENTS 49949043 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, INVESTMENTS 23810212 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, INVESTMENTS 13637522 RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, INVESTMENTS 3094252 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, INVESTMENTS 8118422 0 5 0 0 0 5 2842887505 48660408 2891547913 1 0 1 1 1 1 PART III ACCOUNTING METHOD: 1 THE NEMOURS FOUNDATION 10140 CENTURION PARKWAY NORTH JACKSONVILLE FL 32256 590634433 501 (C) 3 282737868 0 PEDIATRIC HEALTHCARE 1 PART I, LINE 2: THE CHARITABLE TRUST DISTRIBUTES 3% OF ITS NET ASSET VALUE EACH YEAR TO THE NEMOURS FOUNDATION. THE NEMOURS FOUNDATION PROVIDES TREATMENT FOR OVER 480,000 SICK CHILDREN EACH YEAR, AND MAINTAINS CARE FACILITIES IN DELAWARE, FLORIDA, PENNSYLVANIA AND NEW JERSEY. THE TRUSTEES OF THE CHARITABLE TRUST, AS MEMBERS OF THE NEMOURS FOUNDATION, EVALUATE THE PERFORMANCE OF NEMOURS AND THE EFFECTIVENESS OF THE NEMOURS BOARD OF DIRECTORS IN MANAGING THE AFFAIRS OF THE FOUNDATION, BOTH COLLECTIVELY AND INDIVIDUALLY. X X X X 1 1 X X X X 1 1 0 0 0 0 0 1 0 DAVID D GONINO PRESIDENT/CIO 838691 0 2550000 0 426866 0 162274 0 48596 0 4026427 0 421652 0 TRAVIS K ANGEVINE MANAGING DIR OF PUBLIC MKT 450204 0 391198 0 14542 0 628063 0 37880 0 1521887 0 13413 0 CHARLES D HENDRIX MANAGING DIR OF PRIVATE MK 424017 0 356927 0 60347 0 604143 0 37477 0 1482911 0 58731 0 KARA P RILEY CHIEF OPERATING OFFICER 390195 0 192084 0 12145 0 326177 0 38110 0 958711 0 11525 0 CHARLES S SHEAIN DIR OF PUBLIC MARKETS 344857 0 547599 0 247 0 0 0 33389 0 926092 0 0 0 SEAN A KELLY DIR OF PRIVATE MARKETS 274770 0 169000 0 252 0 263275 0 42979 0 750276 0 0 0 JAMES T KIRK GENERAL COUNSEL 287952 0 126233 0 260 0 0 0 33978 0 448423 0 0 0 HUGH M DURDEN CHAIRMAN 144402 0 0 0 23462 0 0 0 0 0 167864 0 0 0 KIMBERLY D PRICE ASSISTANT SECRETARY 117131 0 12380 0 630 0 0 0 32008 0 162149 0 0 0 TERRI L KELLY TRUSTEE 131275 0 0 0 29331 0 0 0 0 0 160606 0 0 0 JOHN S LORD TRUSTEE 131275 0 0 0 22235 0 0 0 0 0 153510 0 0 0 THOMAS G KUNTZ TRUSTEE 131275 0 0 0 21945 0 0 0 0 0 153220 0 0 0 GEOFFREY M ROGERS TRUSTEE 131275 0 0 0 21945 0 0 0 0 0 153220 0 0 0 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 4A: THE CHARITABLE TRUST MADE SEVERANCE PAYMENTS IN 2022 IN THE AMOUNT OF $222,950 TO CHARLES S. SHEAIN. 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. $421,652 OF VESTED SERP WAS DISTRIBUTED TO DAVID D. GONINO, $11,525 TO KARA P. RILEY, $13,413 TO TRAVIS K. ANGEVINE, AND $58,371 TO CHARLES D. HENDRIX DURING 2022. 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. FORM 990, PART III, LINE 4A THE CHARITABLE TRUST WAS ORIGINALLY CREATED UPON THE DEATH OF ALFRED I. DUPONT IN 1935 AS A TESTAMENTARY TRUST, PRIMARILY TO ADVANCE HIS CHARITABLE OBJECTIVES TO PROVIDE MEDICAL SERVICES TO CHILDREN, AND TO CARE FOR THE ELDERLY. IN A CODICIL TO HIS WILL, MR. DUPONT STATED, " ... IT HAS BEEN MY FIRM CONVICTION THROUGHOUT LIFE THAT IT IS THE DUTY OF EVERYONE IN THIS WORLD TO DO WHAT IS WITHIN HIS POWER TO ALLEVIATE HUMAN SUFFERING ... " TRUE TO THIS CREDO, MR. DUPONT'S WILL DIRECTED HIS TRUSTEES TO CREATE THE NEMOURS FOUNDATION AS A NON-PROFIT, CHARITABLE CORPORATION UNDER THE LAWS OF FLORIDA. THE NEMOURS FOUNDATION IS THE PRINCIPAL BENEFICIARY OF THE CHARITABLE TRUST, WHICH QUALIFIES AS A TYPE II SUPPORTING ORGANIZATION, AS DEFINED IN IRC CODE SECTION 509(A)(3)(B)(II), BASED ON THE COMMON CONTROL OF THE CHARITABLE TRUST AND THE NEMOURS FOUNDATION BY THE INDIVIDUALS WHO SERVE AS TRUSTEES OF THE CHARITABLE TRUST. THE TRUSTEES OF THE CHARITABLE TRUST, AS MEMBERS OF THE NEMOURS FOUNDATION, EVALUATE THE PERFORMANCE OF NEMOURS AND THE EFFECTIVENESS OF THE NEMOURS BOARD OF DIRECTORS IN MANAGING THE AFFAIRS OF THE FOUNDATION, BOTH COLLECTIVELY AND INDIVIDUALLY. THE FACILITIES OWNED OR MANAGED BY THE NEMOURS FOUNDATION INCLUDE THE NEMOURS CHILDREN'S HOSPITAL, DELAWARE, A FULL-SERVICE RESEARCH AND EDUCATIONAL HOSPITAL LOCATED IN WILMINGTON, DELAWARE; THE NEMOURS HEALTH CLINIC, AN OUTPATIENT CENTER FOR THE ELDERLY IN DELAWARE; AND THE NEMOURS CHILDREN'S CLINIC, CONSISTING OF OUTPATIENT, PEDIATRIC SUBSPECIALTY CENTERS LOCATED IN DELAWARE AND FLORIDA. THE NEMOURS CHILDREN'S HOSPITAL, DELAWARE, IS RECOGNIZED AS A LEADER IN FIVE PEDIATRIC SPECIALTY AREAS BY US. NEWS & WORLD REPORT. IT INCLUDES A 260-BED TEACHING HOSPITAL INTEGRATED WITH NEMOURS CHILDREN'S CLINIC, WHICH PROVIDES CARE IN MORE THAN 30 SPECIALTIES OF PEDIATRIC MEDICINE, SURGERY AND DENTISTRY. IN ADDITION TO OPERATING THESE FACILITIES, AND OTHER MEDICAL RESEARCH AND EDUCATIONAL PROGRAMS IN DELAWARE AND FLORIDA, THE NEMOURS CHILDREN'S HOSPITAL, FLORIDA, LOCATED IN ORLANDO, FLORIDA WAS OPENED IN 2012. THIS FACILITY IS ANCHORED BY A STATE-OF-THE-ART 130-BED CHILDREN'S HOSPITAL, AND INCLUDES A NEW NEMOURS CHILDREN'S HEALTH CLINIC LOCATION, AN AMBULATORY DIAGNOSTIC CENTER, AND AN EXTENSIVE RESEARCH AND EDUCATIONAL PROGRAM. THE FACILITY IS CLOSE TO THE UNIVERSITY OF CENTRAL FLORIDA COLLEGE OF MEDICINE AND THE ORLANDO VETERANS AFFAIRS MEDICAL CENTER. THIS FACILITY BRINGS COMPREHENSIVE CHILDREN'S HEALTH CARE AND RESEARCH CAPABILITIES TO THE EMERGING HEALTH AND SCIENCE SECTOR OF CENTRAL FLORIDA. FORM 990, PART VI, SECTION B, LINE 11B DURING 2023 SUBSEQUENT TO MANAGEMENT'S REVIEW, A DRAFT OF THE 2022 FORM 990 WAS DISTRIBUTED BY MANAGEMENT TO THE TRUSTEES PRIOR TO THE SCHEDULED TRUSTEES MEETING. MANAGEMENT PRESENTED AN OVERVIEW OF FORM 990 TO THE TRUSTEES AND GAVE THE TRUSTEES AN OPPORTUNITY TO PROVIDE COMMENTS AND QUESTIONS WITH RESPECT TO THE DRAFT. BASED ON THE FEEDBACK PROVIDED FROM THE TRUSTEES, MANAGEMENT UPDATED THE DRAFT FORM 990. UPON FINALIZATION OF THE RETURN, MANAGEMENT PROVIDED A FINAL COPY OF THE RETURN VIA E-MAIL TO THE TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C THE CHARITABLE TRUST HAS ESTABLISHED A CONFLICT OF INTEREST POLICY WHICH HAS BEEN REVIEWED AND APPROVED BY THE TRUSTEES. THE CHARITABLE TRUST IS COMMITTED TO THE BELIEF THAT SOUND BUSINESS PRACTICES START WITH AN ABSOLUTE COMMITMENT FROM EACH TRUSTEE AND EMPLOYEE TO ACT ETHICALLY IN CARRYING OUT THE CHARITABLE TRUST BUSINESS, AND TO COMPLY WITH THE LAWS AND REGULATIONS THAT IMPACT ITS BUSINESS, THUS THE CHARITABLE TRUST'S EMPLOYEES AND TRUSTEES MUST AVOID PARTICIPATING IN ACTIVITIES THAT CREATE OR APPEAR TO CREATE A CONFLICT OF INTEREST. THE CHARITABLE TRUST HAS SPECIFICALLY IDENTIFIED THE FOLLOWING AREAS IN ITS POLICY TO BE POTENTIAL CONFLICTS OF INTEREST: FINANCIAL INTEREST, OUTSIDE EMPLOYMENT, ACCEPTANCE OF GIFTS, GRATUITIES, BUSINESS COURTESIES, TRAVEL, LODGING AND ENTERTAINMENT, MISUSE OF RESOURCES OR ASSETS, PERSONAL GAIN USING UNDUE INFLUENCE, DIRECT DEALINGS WITH VENDORS, USE OF CONFIDENTIAL INFORMATION, AND AN INDIVIDUAL'S SUPPORT OF POLITICAL CAUSES. THE CHARITABLE TRUST'S POLICY REQUIRES ALL TRUSTEES AND ALL EMPLOYEES TO DISCLOSE PARTICIPATION IN ACTIVITIES OR CIRCUMSTANCES THAT MAY PRESENT A CONFLICT OF INTEREST ON AN ANNUAL BASIS OR IF AT ANY TIME SUCH INDIVIDUAL BECOMES AWARE OF CIRCUMSTANCES THAT MAY PRESENT A CONFLICT OF INTEREST. THESE DISCLOSURES ARE REVIEWED BY THE AUDIT COMMITTEE AS NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 THE CHARITABLE TRUST, WHICH SETS THE COMPENSATION FOR THE OFFICERS AND THE HIGHLY COMPENSATED EMPLOYEES, UTILIZES COMPENSATION SURVEYS FROM ITS INDEPENDENT COMPENSATION CONSULTANT. THESE SURVEYS REFLECT COMPENSATION LEVELS AMONG FOUNDATIONS AND ENDOWMENTS OF ORGANIZATIONS THAT ARE COMPARABLE TO THE CHARITABLE TRUST IN ASSET VALUE. THESE INDEPENDENT SURVEYS WERE USED TO HELP ESTABLISH COMPENSATION LEVELS FOR THE STAFF POSITIONS WITH A HIGH LEVEL OF RESPONSIBILITY. PERSONS HOLDING THESE POSITIONS ARE NOT MEMBERS OF THE CHARITABLE TRUST'S GOVERNING BODY. THE COMPENSATION PAID TO THE TRUSTEES IS FIXED BY ORDER OF THE CIRCUIT COURT FOR THE FOURTH JUDICIAL DISTRICT OF DUVAL COUNTY, FLORIDA, WHICH HAS JURISDICTION OVER THE TRUST. THE COURT APPROVES THE TRUSTEE COMPENSATION AFTER REVIEWING A COMPENSATION STUDY PREPARED BY AN OUTSIDE INDEPENDENT EXPERT, SUCH AS A MAJOR NATIONAL CONSULTING FIRM. THE COURT ORDER SETTING THE CURRENT COMPENSATION WAS ISSUED ON AUGUST 28, 2002, SUBJECT TO PERIODIC ADJUSTMENTS. VARIATIONS IN TRUSTEE COMPENSATION OCCUR BECAUSE (1) PURSUANT TO COURT ORDER, A TRUSTEE WHO SERVES AS CHAIRMAN OF THE TRUST (CURRENTLY, MR. DURDEN) RECEIVES AN ANNUAL 10% INCREASE IN BASE COMPENSATION, AND (2) THE TRUSTEES DIFFER IN THE EXTENT TO WHICH THEY UTILIZE THE HEALTH INSURANCE AND RELATED FRINGE BENEFITS OFFERED BY THE TRUST. FORM 990, PART VI, SECTION C, LINE 19 THE CHARITABLE TRUST'S FORM 990 IS BASED ON THE INDEPENDENTLY AUDITED FINANCIAL STATEMENTS OF THE ORGANIZATION, IS OPEN FOR PUBLIC INSPECTION, AND PROVIDES SIGNIFICANT INFORMATION ABOUT THE ORGANIZATION'S GOVERNANCE AND CONFLICT OF INTEREST POLICY COMPLIANCE. THE CHARITABLE TRUST'S ORGANIZING DOCUMENTS AND CONFLICT OF INTEREST STATEMENTS ARE INCLUDED IN ITS FORM 1023 APPLICATION FOR EXEMPTION, WHICH IS AVAILABLE FOR PUBLIC INSPECTION. SIMILARLY, THE CHARITABLE TRUST'S FORM 990, WHICH IS AVAILABLE FOR PUBLIC INSPECTION, IS BASED ON ITS FINANCIAL STATEMENTS. AS SUCH, THE CHARITABLE TRUST DOES NOT MAKE THESE DOCUMENTS SEPARATELY AVAILABLE TO THE PUBLIC. AIDTT LLC 510 ALFRED DUPONT PLACE JACKSONVILLE FL 32202 208865790 REAL ESTATE HOLDING FL 15619985 AIDCT SWAMP HALL LLC 510 ALFRED DUPONT PLACE JACKSONVILLE FL 32202 832000837 INVESTMENTS DE 3181971 AIDCT THE NEMOURS FOUNDATION (NEMOURS) 10140 CENTURION PARKWAY NORTH JACKSONVILLE FL 32256 590634433 HEALTHCARE FL 501(C)(3) LINE 3 A I DUPONT CHARITABLE TRUST 1 ALFRED I DUPONT TRUST UA 510 ALFRED DUPONT PLACE JACKSONVILLE FL 32202 596122734 FOUNDATION FL 501(C)(3) PF A I DUPONT CHARITABLE TRUST 1 ALFRED I DUPONT ANNUITANTS' TRUST 510 ALFRED DUPONT PLACE JACKSONVILLE FL 32202 836156725 INVESTMENTS FL N/A T 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 THE NEMOURS FOUNDATION B 282677868 TRUST AGREEMENT THE NEMOURS FOUNDATION P 706972 REIMBURSED EXP. THE NEMOURS FOUNDATION B 60000 GIFT