# Alfred I. duPont Testamentary Trust

Alfred I. duPont Testamentary Trust is an Endowment / Foundation based in Jacksonville, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Jacksonville, United States
- **Region:** North America
- **Address:** Jacksonville, FL, United States
- **Founded:** 1935
- **Assets under management:** $5B – $7B (Altss estimate)
- **Website:** alfrediduponttrust.org
- **LinkedIn:** linkedin.com/company/alfred-i-dupont-testamentary-trust

## Regulatory record

- **Reports private funds:** No

## About

The Alfred I. duPont Testamentary Trust is a foundation based in Jacksonville, US. It manages approximately $7.5 billion in assets across 38 funds, primarily focused on North America.

## Sectors

- Healthcare Services
- Education
- Media & Entertainment
- Real Estate
- Energy Transition & Renewables

## People

- Winfred L. Thornton — Chairman of the Board of Trustees

## Questions

### Who runs investment decisions at the Alfred I. duPont Testamentary Trust?

The trust's investment portfolio is managed by the Alfred I. duPont Trust Company, a Florida-chartered trust company headquartered in Jacksonville. The board of trustees, chaired by Winfred L. Thornton, oversees both the charitable distribution and asset management functions. The trust company employs a professional investment staff that manages a diversified portfolio across public equities, fixed income, and alternative assets.

### How is the trust related to Nemours Children's Health?

The trust is the sole member of the Nemours Foundation, which operates Nemours Children's Health. This structure means the trust controls the health system entirely — it is not merely a donor. Nemours generates its own operating revenue (over $1.9 billion in 2022), which funds hospital operations independently, while the trust maintains a separate investment portfolio for grantmaking and capital projects.

### What is the trust's annual charitable distribution?

The trust is required by Alfred I. duPont's will to distribute all net income annually to the Nemours Foundation for the benefit of children's health — primarily in Florida, with a specific allocation for the Delaware hospital. The exact annual distribution fluctuates with investment returns and Nemours' capital needs; the November 2023 $100 million commitment to Nemours' digital transformation is an example of a major supplemental distribution beyond ordinary income.

### Does the trust invest in anything beyond Nemours?

Yes. While Nemours is the dominant asset, the Alfred I. duPont Trust Company manages a diversified financial portfolio. The trust also holds real estate assets, including timberland in the Florida Panhandle. Historically, it controlled significant stakes in the Florida East Coast Railway (sold in 2017) and the Florida Times-Union newspaper, though media exposure has been reduced.

### What is the trust's geographic focus?

The will specifies that the trust's charitable efforts must primarily benefit Florida — hence the Nemours Children's Hospital in Orlando and extensive pediatric clinics throughout the state. A secondary, historically rooted commitment serves Delaware through the Nemours/Alfred I. duPont Hospital for Children in Wilmington, near the duPont family's ancestral home. The trust's timberland and real estate holdings are concentrated in North Florida.

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/alfred-i-dupont-testamentary-trust

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