Delaware secures $950M settlement from Nemours Foundation over du Pont trust
Reported bySpotlight Delaware ↗·Sourced by Goodlede
Delaware Attorney General Kathy Jennings secured a $950 million settlement with the Nemours Foundation and the Alfred I. duPont Charitable Trust, ending nearly 50 years of litigation over du Pont's wish that his wealth support the children and elderly of Delaware. The money arrives over 11 years, mainly for children's health in the state, with at least $237.5 million set aside for Nemours' Delaware campus.
A five-member committee will set the grant rules; no spending priorities have been named yet.
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