2025-05-13T14:20:07-05:00 2024-12-31 161131146 BONADIO & CO LLP 2711 CENTERVILLE ROAD SUITE 100 WILMINGTON DE 19808 990 2024-01-01 821237132 PETE DU PONT FREEDOM FOUNDATION LLC PETE 3023881552 PO BOX 221 MONTCHANIN DE 19710 NOHORA GONZALEZ TREASURER 3023881552 2025-05-12 1 1 PETER KENNEDY P00571422 3026566632 2025-05-12 2024 2025-03-06 01:10:19Z STEPHANIE JOHNNIE PO BOX 221 MONTCHANIN DE 19710 1795688 0 X PETEDUPONTFREEDOMFOUNDATION.ORG X LLC 2017 DE WE ARE DEDICATED TO FOLLOWING THE EXAMPLE OF GOVERNOR DU PONT WHO RECOGNIZED THE IMPORTANCE OF INNOVATION, ENTREPRENEURSHIP AND OPPORTUNITY. THE PETE DU PONT FREEDOM FOUNDATION GIVES EVERY ENTREPRENEUR THE OPPORTUNITY TO REALIZE THEIR BOLD VISION. ROOTED IN DELAWARE'S INNOVATIVE SPIRIT AND GUIDED BY GOVERNOR DU PONT'S LEGACY, WE SEEK TRANSFORMATIVE IDEAS, DELIVER STRATEGIC SUPPORT, AND BUILD CAPACITY FOR ENTREPRENEURS. 13 13 9 20 0 0 888946 1743151 12011 38230 1749 14042 -6699 265 896007 1795688 0 375000 0 0 291512 281444 0 0 2286 804558 317249 1096070 973693 -200063 821995 617284 1439186 477112 32189 140172 1406997 X THE PETE DU PONT FREEDOM FOUNDATION PROMOTES OUR COUNTRY'S SPIRIT OF PRIVATE ENTERPRISE BY FOSTERING ACCESS TO THE MARKETPLACE FOR EVERY ENTREPRENEUR AND THEIR IDEAS. 0 0 410349 375000 SUPPORT OF STEPPING STONES FCU - THE STATED PURPOSE OF STEPPING STONES FEDERAL CREDIT UNION IS TO PROVIDE ACCESS TO ESSENTIAL FINANCIAL SERVICES FOR THE UNDERSERVED COMMUNITIES OF DELAWARE. THE FOUNDATION SOLICITS CONTRIBUTIONS TO SUPPORT A COMMUNITY-OWNED ORGANIZATION THAT PROVIDES OPPORTUNITIES TO ALL PEOPLE TO ACCESS AND USE FINANCIAL SERVICES. THIS SUPPORTS THE DIGNITY OF EACH PERSON AS THEY BUILD THEIR FINANCIAL SUCCESS AND TAKE OWNERSHIP OF THEIR FINANCIAL WELLBEING. 139209 0 THE EQUITABLE ENTREPRENEURIAL ECOSYSTEM (E3) INITIATIVE IS DRIVEN BY THE FOUNDATION'S FOCUS ON REMOVING BARRIERS TO INNOVATION AND ITS STRONG BELIEF THAT GREAT IDEAS AND ENTREPRENEURSHIP CAN OCCUR THROUGHOUT SOCIETY. E3 IS AN AMBITIOUS INITIATIVE WITH THE GOAL OF BECOMING DELAWARE'S LEADING ENTREPRENEURIAL INCUBATOR AND ACCELERATOR BY CREATING AN INNOVATIVE ECOSYSTEM THAT IDENTIFIES, NURTURES, AND ULTIMATELY LEADS TO SUCCESSFUL BUSINESSES FOR DELAWARE'S FUTURE. E3 COMPLIMENTS AND WORKS IN TANDEM WITH REINVENTING DELAWARE IN WORKING TO CREATE THE CONDITIONS FOR SUCCESSFUL ENTREPRENEURS AND INNOVATORS ACROSS ALL COMMUNITIES WITH A PARTICULAR FOCUS ON UNDERREPRESENTED ENTREPRENEURS. E3 ATTEMPTS TO BUILD CITY-WIDE STRATEGIC COALITIONS DESIGNED TO IDENTIFY, VET, INCUBATE AND ACCELERATE THE LAUNCH OF NEW BUSINESSES. 90971 0 CAPACITY BUILDING: SUPPORTED BY A GRANT FROM LONGWOOD FOUNDATION, THE FOUNDATION AIMS TO EXPAND ITS REACH BY ENLARGING AND EXPANDING ITS PROGRAMS. 9155 38230 THE PETE DU PONT FREEDOM FOUNDATION SERVES AS AN ENTREPRENEURIAL INCUBATOR BY PROVIDING A PLATFORM FOR INDIVIDUALS TO PRESENT IDEAS THAT WILL CREATE JOBS AND IMPROVE DELAWARE. THROUGH ITS "REINVENTING DELAWARE" PROGRAM WHICH BEGAN IN 2014, THE PUBLIC, FOUNDATION MEMBERS, SUPPORTERS AND THE BUSINESS COMMUNITY SUBMIT IDEAS TO THE FOUNDATION FOR CONSIDERATION. IDEA SUBMITTERS ARE INVITED TO PRESENT THEIR IDEAS AT AN ANNUAL DINNER EVENT, WHICH INCLUDES KEY MEMBERS OF THE DELAWARE BUSINESS AND LEADERSHIP COMMUNITIES. IN TOTAL, 100 INDIVIDUALS ATTEND THE EVENT AND PRESENT THEIR IDEAS. THE FOUNDATION PROVIDES TOP IDEA PRESENTERS FROM THE REINVENTING DELAWARE DINNER THE OPPORTUNITY THE REFINEMENT, DEVELOPMENT AND MENTORING SERVICES IN PARTNERSHIP WITH THIRD PARTY FACILITATORS, SPOTLIGHT ARTICLES IN THE DELAWARE BUSINESS TIMES (ONLINE AND PRINT), PROMOTION AND VISIBILITY THROUGH FOUNDATION SOCIAL MEDIA AND WEBSITE EXPOSURE, PROFESSIONALLY PRODUCED VIDEO SPOTLIGHTS FOR THE PROGRAM FINALISTS, EXHIBITION OPPORTUNITY AT THE ANNUAL PETE DU PONT FREEDOM AWARD EVENT FOR PROGRAM FINALISTS, AND A MONETARY AWARD FOR THE IDEA THAT CAN MAKE THE MOST IMPACT ON DELAWARE. 42042 HBCU INNOVATIVE SOLUTIONS INITIATIVE - THE FOUNDATION PARTNERED WITH THE BANK OF AMERICA AND DELAWARE STATE UNIVERSITY TO INTEGRATE THEIR REINVENTING PROGRAM AND PROCESS INTO THE 13TH ANNUAL PHILANTHROPY SYMPOSIUM, WHICH HOSTS OVER 30 HBCU REPRESENTATIVES FROM ACROSS THE COUNTRY. A $100,000 GRANT WAS RECEIVED IN 2022 TO LAUNCH THE INITIATIVE IN JULY 2023. A COMMITTEE HELD A MEETING TO REVIEW ALL OF THE IDEA PROPOSALS SUBMITTED FOR THE INITIATIVE AND SELECTED NINE TO MOVE FORWARD TO THE FIRST PHASE OF THE PROCESS TO RECEIVE IN-KIND CONSULTING SUPPORT VALUED AT UP TO $5,000 PER PROPOSAL. THE COMMITTEE RECONVENES TO SELECT FOUR FINALISTS WHO WILL RECEIVE AN ADDITIONAL SUITE OF IN-KIND SUPPORT VALUED AT UP TO $20,000 EACH. FINALLY THE COMMITTEE WILL SELECT ONE WINNER TO RECEIVE A $10,000 CASH GRANT TO CONTINUE TO MOVE THE IDEA FORWARD. THE WINNER WILL BE ANNOUNCED AT THE 14TH ANNUAL PHILANTHROPY SYMPOSIUM. 32736 THE REINVENTING DELAWARE PROGRAM SERVES AS AN ENTREPRENEURIAL INCUBATOR BY PROVIDING A PLATFORM FOR INDIVIDUALS TO PRESENT IDEAS THAT WILL CREATE JOBS AND IMPROVE DELAWARE. THE PUBLIC, THE FOUNDATION'S MEMBERS AND SUPPORTERS AND THE BUSINESS COMMUNITY ARE ENCOURAGED TO SUBMIT IDEAS FOR CONSIDERATION. 83933 38230 724462 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 13 0 1 9 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 X X MS NOHORA GONZALEZ 3023881552 PO BOX 221 MONTCHANIN DE 19710 THERE DU PONT BOARD CHAIR 2.00 X X 0 0 0 ROBERT MARTINELLI DIRECTOR 1.00 X 0 0 0 NOHORA GONZALEZ TREASURER 1.00 X X 0 0 0 PATRICK CALLAHAN DIRECTOR 1.00 X 0 0 0 DERWIN JOHNSON DIRECTOR 1.00 X 0 0 0 PIERRE DU PONT DIRECTOR 1.00 X 0 0 0 ELISE DU PONT ZOLLER DIRECTOR 1.00 X 0 0 0 DAN FREEMAN DIRECTOR 1.00 X 0 0 0 TONY ALLEN DIRECTOR 1.00 X 0 0 0 KEVIN DOMBROWSKI DIRECTOR 1.00 X 0 0 0 JIM TAYLOR DIRECTOR 1.00 X 0 0 0 CATHY PULOS DIRECTOR 1.00 X 0 0 0 JACQUELINE FLOWERS DIRECTOR 1.00 X 0 0 0 STEPHANIE JOHNNIE EXECUTIVE DIRECTOR 40.00 X 111579 0 0 111579 0 0 1 0 0 0 0 34760 1708391 1743151 SERVICE FEES 611430 38230 38230 38230 14042 14042 MISCELLANEOUS 900099 265 0 265 265 1795688 38230 0 14307 375000 375000 232558 98840 133718 8141 8141 23954 23954 16791 7737 9054 11135 11135 37653 34820 2788 45 17969 17759 210 10414 10414 16021 16021 3820 3820 PROGRAM SERVICE COSTS 77397 77397 PROGRAM SUPPORT AND EXP 52037 52037 PROGRAM MARKETING 49705 46055 3650 PROGRAM EVENT EXPENSES 32576 32576 8522 6491 2031 973693 724462 246945 2286 276709 80539 338298 751991 2000 5713 277 943 600000 617284 1439186 45781 32189 431331 477112 32189 X 140172 182883 1224114 140172 1406997 617284 1439186 821995 444830 0 X 1 X 0 0 0 X 254884 412530 590235 412246 1571808 3241703 254884 412530 590235 412246 1571808 3241703 2039400 1202303 1685 230 303 1749 14042 18009 265 265 3259977 38230 0.36880 0.44680 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 STEPPING STONES FEDERAL CREDIT UNION 603 NORTH CHURCH ST WILMINGTON DE 19801 501(C)(1) 375000 0 MISSION SUPPORT 1 0 FORM 990, PART VI, SECTION A, LINE 2 THERE DU PONT, ELISE DU PONT ZOLLER AND PIERRE DU PONT HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B FOLLOWING FINANCE COMMITTEE REVIEW, A DRAFT COPY OF THE FULL FORM 990 IS PROVIDED TO THE FULL BOARD FOR DISCUSSION AND REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION'S BOARD AND STAFF ARE REQUIRED TO SIGN AND ACKNOWLEDGE THAT THEY HAVE RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY AND WILL IDENTIFY ANY CONFLICTS TO A MEMBER OF MANAGEMENT OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF MANAGEMENT IS REVIEWED AND APPROVED BY THE FOUNDATION'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 ALTHOUGH IT IS UNDER NO OBLIGATION TO DO SO, THE FOUNDATION'S BOARD OF DIRECTORS MAY MAKE THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON A CASE BY CASE BASIS ON REQUEST. IN GENERAL, THIS FORM 990 WHICH IS PUBLICLY AVAILABLE SHOULD SATISFY MOST LEGITIMATE REQUESTS FOR INFORMATION.