635:
681:
a pyramid-shaped skylight, flooding the interior of the building with sunshine and warmth during cool months. Some interior walls contain opaque glass to share light between areas; sensors turn off lights in unoccupied rooms. There is a bus stop within a block of the building, and bicycle storage plus locker rooms for cyclists. Lastly, heating and cooling systems are high efficiency and limit power usage during peak demand periods.
24:
619:
payout was over $ 72 million, so the trust was forced to sell 4 million shares to invest in a security producing substantially more income than St. Joe. That left a 57 percent stake, which was reduced by additional stock sales to 23 percent. On May 28, 2004, the trust filed paperwork to divest as many as 12 million more shares, leaving an 8 percent ownership.
680:
The bottom floor is a parking garage for workers, so that most of the property is landscaping, rather than parking lot. Three 10,000-gallon underground cisterns capture rainfall, which is then used for landscape irrigation, so a large retention pond is not required. The four-story atrium is capped by
236:
It has been my firm conviction throughout life that it is the duty of everyone in the world to do what is within his power to alleviate human suffering. It is, therefore, natural that I should desire after having made provision for the immediate members of my family and others whom I have seen fit to
618:
in
December, 1997. The corresponding trust value increased from $ 1.1 billion to $ 2.4 billion. The problem was that duPont's will stipulated an annual disbursement of the amount equal to 3 percent of the trust's value. St. Joe's annual dividend of 20¢ only generated $ 4.26 million and the required
676:
The building has a stone exterior, copious large windows, and was described in the local newspaper as "opulent." According to Hugh Durden, chairman of its board of trustees, "We were looking for a 100-year building...(with) timeless design that is both useful and enduring. If you're going to be
697:
For several years, the trust had been making plans to split the $ 4 billion asset portfolio into two segments, with a small portion going to a taxable annuitants' trust for individuals named in duPont's will, and the majority of assets remaining in the tax-exempt charitable trust. Doing so would
308:
Before Ball's death, the trust and foundation signed a 1980 consent agreement with
Delaware and Florida which stipulated that the Nemours Foundation would annually receive the greater of: 3 percent of the trust's net market value or the net annual income from the trust assets.
689:
In June 2012, the State of
Delaware filed suit against the trust, claiming the trustees were not following duPont's intentions and Delaware was not receiving its proper yearly distribution. Furthermore, Delaware Attorney General
324:
operates the Alfred I. duPont
Hospital for Children in Wilmington; the Nemours Children's Hospital in Orlando; the Nemours Children's Clinics in Delaware, Florida, Pennsylvania and New Jersey; and the
598:
was originally owned by the duPont Trust. After the company went public, the duPont trust owned 70 percent of the 30.6 million shares outstanding. The company's stock did well, rising from 53
1010:
698:
allow the foundation to avoid the yearly assessment of several million dollars in foreign taxes. The
Delaware lawsuit may delay those plans until that litigation is resolved.
906:
1025:
694:
asserted that the $ 72 million renovation of the
Nemours Mansion and Gardens in Wilmington should not have been included in Delaware's share of foundation distributions.
263:. The value of the assets was approximately $ 40 million (equivalent to approximately $ 1.72 billion in 2014). The duPont Trustees, specifically du Pont's brother-in-law
312:
Additionally, at least 50 percent of
Nemours funds must be spent in Delaware, and a $ 25 million contingency fund must be reserved for Delaware's operations.
105:
1040:
666:
1015:
958:
828:
344:, succeeded Ball and was chairman of the trust for 23 years. Hugh Durden, corporate trustee since 1997, now a retired executive from
336:
Following Alfred du Pont's death in 1935, Edward Ball controlled the trust until his own death in 1981. W.L. Thornton, former CEO of
274:
Du Pont's will specifically requested funds be used to help disabled children. In 1940, funds from the trust were used to open the
750:
275:
778:
260:
670:
626:
by distributing FECI Class B common shares to St. Joe shareholders; the DuPont Trust received a large block of FECI stock.
811:
714:
1035:
995:
252:
1020:
623:
341:
232:
The Alfred I. duPont
Testamentary Trust was created as per Alfred I. du Pont's will after his death in 1935.
854:
325:
256:
1030:
932:
645:
The new headquarters of the trust is a 40,000-square-foot (3,700 m), five-floor building on the
642:
For many years, the trust shared a building with the
Nemours Foundation on Jacksonville's Southside.
474:
264:
880:
60:
650:
268:
248:
78:
224:. As of 2015, the organization stated it oversaw approximately $ 5 billion in assets.
279:
8:
673:. The most outstanding aspect of the $ 20 million structure is its ability to conserve.
654:
286:
177:
271:
and began operating a paper mill in 1938. The trust had a 1939 value of $ 72.5 million.
782:
464:
321:
221:
634:
807:
217:
290:
237:
remember, that the remaining portion of my estate be utilized for charitable needs.
646:
595:
337:
294:
662:
302:
1004:
718:
345:
120:
107:
220:
in 1935, devoted to supporting the trust's sole charitable beneficiary, the
297:
was broken up by bankruptcy in the late 1980s, Mason sold Epping Forest to
658:
402:
298:
669:
standards for environmentally sustainable construction developed by the
691:
23:
985:
657:
began work on the trust's new home on July 17, 2007; noted architect
289:
died in 1970, Ball arranged the sale of Epping Forest to his friend,
653:
which was scheduled to open
October 1, 2008. General contractor
201:
622:
On October 9, 2000, St. Joe divested its 54 percent interest in
907:"The St. Joe Co. and the duPont Trust are slowly growing apart"
677:
here for decades, that becomes a cost-effective investment."
594:
The Trust was valued at $ 1.9 billion in January 1996. The
990:
781:. The Alfred I. duPont Testamentary Trust. Archived from
717:. The Alfred I. duPont Testamentary Trust. Archived from
829:"Delaware's Nemours Foundation At Center Of Controversy"
1011:
Non-profit organizations based in Jacksonville, Florida
216:
is a non-profit organization created by philanthropist
959:"DuPont Trust plans to split as money-saving strategy"
855:"Hugh Durden claims chair of Alfred I. DuPont trust"
1026:
Medical and health foundations in the United States
805:
Confusion to the enemy: a biography of Edward Ball,
251:, significant landholdings in Northwest Florida,
1002:
826:
638:Alfred I. duPont Testamentary Trust Headquarters
142:Delaware, Florida, Pennsylvania & New Jersey
305:in 1984. Peyton is presently a duPont trustee.
751:"It's grand; it's green, with lots in between"
247:At the time, du Pont's assets included seven
348:, was elected chairman on January 24, 2005.
986:Alfred I. duPont Testamentary Trust website
589:
773:
771:
748:
930:
803:Raymond K. Mason and Virginia Harrison:
633:
744:
742:
740:
738:
736:
1003:
768:
276:Alfred I. duPont Hospital for Children
956:
933:"DuPont Trust begins on new building"
904:
878:
852:
822:
820:
749:Patterson, Steve (January 29, 2009).
521:
450:
363:
1041:Banks based in Jacksonville, Florida
924:
814:, University Press of Florida, 1976.
733:
671:United States Green Building Council
356:
931:Karkaria, Urvaksh (July 17, 2007).
214:Alfred I. duPont Testamentary Trust
17:Alfred I. duPont Testamentary Trust
13:
957:Conte, Christian (June 29, 2012).
827:Associated Press (June 18, 2012).
817:
14:
1052:
1016:Organizations established in 1935
979:
879:Basch, Mark (December 20, 1997).
853:Basch, Mark (January 25, 2005).
22:
950:
661:contributed to the design as a
629:
253:E. I du Pont de Nemours Company
898:
881:"DuPont seeks bigger dividend"
872:
846:
797:
707:
1:
963:Jacksonville Business Journal
701:
684:
624:Florida East Coast Industries
342:Florida East Coast Industries
331:
905:Basch, Mark (June 7, 2004).
7:
996:Nemours Mansion and Gardens
351:
326:Nemours Mansion and Gardens
10:
1057:
991:Nemours Foundation website
315:
242:Will of Alfred I. du Pont
227:
529:
526:
458:
455:
374:
371:
368:
196:
186:
176:
166:
156:
146:
136:
99:
85:
74:
66:
56:
38:
30:
21:
608:in February, 1995 to 115
278:in duPont's hometown of
590:Major investments shift
484:Reginald S. Huidekoper
121:30.319935°N 81.673632°W
92:510 Alfred Dupont Place
1036:Brooklyn, Jacksonville
639:
249:Florida National Banks
245:
44:; 89 years ago
651:Jacksonville, Florida
637:
285:After Alfred's widow
269:St. Joe Paper Company
261:Epping Forest estates
234:
218:Alfred Irénée du Pont
172:3% of endowment value
126:30.319935; -81.673632
79:Jacksonville, Florida
61:Charitable foundation
1021:Financial endowments
647:St. Johns riverfront
425:W. T. Thompson, III
415:John F. Porter, III
391:Winfred L. Thornton
280:Wilmington, Delaware
937:Florida Times-Union
911:Florida Times-Union
885:Florida Times-Union
859:Florida Times-Union
785:on January 18, 2015
755:Florida Times-Union
721:on February 2, 2015
655:Elkins Constructors
535:Alfred duPont Dent
508:Thomas S. Coldewey
287:Jessie Ball du Pont
117: /
42:April 28, 1935
18:
833:CBS 3 Philadelphia
640:
465:Jessie Ball duPont
322:Nemours Foundation
222:Nemours Foundation
202:alfrediduponttrust
16:
1031:Alfred I. du Pont
586:
585:
579:
578:
515:
514:
500:William B. Mills
444:
443:
403:Herbert H. Peyton
210:
209:
162:Board of Trustees
1048:
974:
973:
971:
969:
954:
948:
947:
945:
943:
928:
922:
921:
919:
917:
902:
896:
895:
893:
891:
876:
870:
869:
867:
865:
850:
844:
843:
841:
839:
824:
815:
801:
795:
794:
792:
790:
775:
766:
765:
763:
761:
746:
731:
730:
728:
726:
711:
617:
616:
612:
607:
606:
602:
543:A. L. Hargraves
519:
518:
448:
447:
361:
360:
357:
291:Raymond K. Mason
255:shares, and the
243:
206:
203:
132:
131:
129:
128:
127:
122:
118:
115:
114:
113:
110:
70:Pediatric health
52:
50:
45:
26:
19:
15:
1056:
1055:
1051:
1050:
1049:
1047:
1046:
1045:
1001:
1000:
982:
977:
967:
965:
955:
951:
941:
939:
929:
925:
915:
913:
903:
899:
889:
887:
877:
873:
863:
861:
851:
847:
837:
835:
825:
818:
802:
798:
788:
786:
777:
776:
769:
759:
757:
747:
734:
724:
722:
713:
712:
708:
704:
687:
632:
614:
610:
609:
604:
600:
599:
596:St. Joe Company
592:
587:
551:Jacob C. Belin
380:Hugh M. Durden
354:
338:St. Joe Company
334:
318:
295:Charter Company
244:
241:
230:
200:
189:
169:
159:
149:
139:
125:
123:
119:
116:
111:
108:
106:
104:
103:
95:
48:
46:
43:
12:
11:
5:
1054:
1044:
1043:
1038:
1033:
1028:
1023:
1018:
1013:
999:
998:
993:
988:
981:
980:External links
978:
976:
975:
949:
923:
897:
871:
845:
816:
796:
767:
732:
705:
703:
700:
686:
683:
663:green building
631:
628:
591:
588:
584:
583:
577:
576:
573:
570:
569:
566:
563:
562:
559:
556:
555:
552:
548:
547:
544:
540:
539:
536:
532:
531:
528:
524:
523:
516:
513:
512:
509:
505:
504:
501:
497:
496:
493:
489:
488:
485:
481:
480:
477:
471:
470:
467:
461:
460:
457:
453:
452:
445:
442:
441:
439:
436:
432:
431:
429:
426:
422:
421:
419:
416:
412:
411:
408:
405:
399:
398:
395:
392:
388:
387:
384:
381:
377:
376:
373:
370:
366:
365:
355:
353:
350:
333:
330:
317:
314:
303:Gate Petroleum
267:, created the
239:
229:
226:
208:
207:
198:
194:
193:
190:
187:
184:
183:
180:
174:
173:
170:
167:
164:
163:
160:
157:
154:
153:
150:
147:
144:
143:
140:
138:Region served
137:
134:
133:
101:
97:
96:
94:
93:
89:
87:
83:
82:
76:
72:
71:
68:
64:
63:
58:
54:
53:
40:
36:
35:
32:
28:
27:
9:
6:
4:
3:
2:
1053:
1042:
1039:
1037:
1034:
1032:
1029:
1027:
1024:
1022:
1019:
1017:
1014:
1012:
1009:
1008:
1006:
997:
994:
992:
989:
987:
984:
983:
964:
960:
953:
938:
934:
927:
912:
908:
901:
886:
882:
875:
860:
856:
849:
834:
830:
823:
821:
813:
812:0-396-07274-7
809:
806:
800:
784:
780:
774:
772:
756:
752:
745:
743:
741:
739:
737:
720:
716:
710:
706:
699:
695:
693:
682:
678:
674:
672:
668:
665:according to
664:
660:
656:
652:
648:
643:
636:
627:
625:
620:
597:
582:
574:
572:
571:
567:
565:
564:
560:
558:
557:
553:
550:
549:
545:
542:
541:
537:
534:
533:
525:
520:
517:
510:
507:
506:
502:
499:
498:
494:
491:
490:
486:
483:
482:
478:
476:
473:
472:
468:
466:
463:
462:
454:
449:
446:
440:
437:
435:John S. Lord
434:
433:
430:
427:
424:
423:
420:
417:
414:
413:
409:
406:
404:
401:
400:
396:
393:
390:
389:
385:
382:
379:
378:
367:
362:
359:
358:
349:
347:
346:Wachovia Bank
343:
339:
329:
327:
323:
313:
310:
306:
304:
300:
296:
292:
288:
283:
281:
277:
272:
270:
266:
262:
258:
254:
250:
238:
233:
225:
223:
219:
215:
205:
199:
195:
191:
185:
182:$ 4.6 billion
181:
179:
175:
171:
165:
161:
155:
151:
145:
141:
135:
130:
102:
98:
91:
90:
88:
84:
80:
77:
73:
69:
65:
62:
59:
55:
41:
37:
33:
29:
25:
20:
966:. Retrieved
962:
952:
940:. Retrieved
936:
926:
914:. Retrieved
910:
900:
888:. Retrieved
884:
874:
862:. Retrieved
858:
848:
836:. Retrieved
832:
804:
799:
787:. Retrieved
783:the original
758:. Retrieved
754:
723:. Retrieved
719:the original
709:
696:
688:
679:
675:
644:
641:
630:Headquarters
621:
593:
580:
554:1967 – 2000
546:1965 – 1966
538:1965 – 1997
511:1965 – 1994
503:1965 – 1986
495:1943 – 1965
492:Elbert Dent
487:1939 – 1943
479:1939 – 1981
469:1939 – 1970
335:
319:
311:
307:
284:
273:
246:
235:
231:
213:
211:
75:Headquarters
31:Abbreviation
789:January 16,
725:January 16,
659:Graham Gund
410:Vice Chair
397:Past Chair
299:Herb Peyton
265:Edward Ball
152:Hugh Durden
124: /
100:Coordinates
1005:Categories
702:References
692:Beau Biden
685:Litigation
332:Leadership
158:Main organ
112:81°40′25″W
109:30°19′12″N
49:1935-04-28
779:"History"
386:Chairman
375:Position
293:. Before
178:Endowment
39:Formation
916:12 March
890:12 March
864:12 March
527:Trustee
456:Trustee
369:Trustee
364:Current
352:Trustees
240:—
168:Budget
148:Chairman
86:Location
968:7 March
942:8 March
838:7 March
760:6 March
613:⁄
603:⁄
475:Ed Ball
316:Nemours
257:Nemours
228:History
197:Website
188:Staff
67:Purpose
47: (
810:
581:
530:Years
459:Years
372:Began
715:"FAQ"
522:Past
451:Past
438:2000
428:1995
418:1995
407:1995
394:1967
383:1997
34:AIDTT
970:2013
944:2013
918:2013
892:2013
866:2013
840:2013
808:ISBN
791:2015
762:2013
727:2015
667:LEED
340:and
320:The
301:and
259:and
212:The
204:.org
81:, US
57:Type
649:in
1007::
961:.
935:.
909:.
883:.
857:.
831:.
819:^
770:^
753:.
735:^
575:–
568:–
561:–
328:.
282:.
192:12
972:.
946:.
920:.
894:.
868:.
842:.
793:.
764:.
729:.
615:2
611:1
605:8
601:5
51:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
