2024-11-15T17:49:34+00:00 2023-12-31 440160260 Forvis Mazars LLP 111 South Tejon Suite 800 Colorado Springs CO 809039848 990PF 2023-01-01 840994055 The Colorado Trust COLO 3038371200 1600 Sherman Street Denver CO 80203 Monalisa Olarte CFO 3038371200 2024-11-16 true true Brandon Schulze P02051564 7194714290 2024-11-15 2023 2024-10-15 13:58:12Z X 531367157 X X 2976022 2730082 7201141 24542254 64482484 16009261 0 0 0 1146476 3518349 0 28418812 29704773 0 962694 153438 809256 3312489 166283 3146205 1230163 79971 1100352 109504 1948 0 105953 111838 5592 0 106246 7057019 4985741 0 2190629 318085 386452 0 0 211556 31733 0 989987 39598 950389 619992 28454 595695 325240 22 328238 7470226 4638229 0 524719 22718793 10517461 0 9857682 20716329 20716811 43435122 10517461 0 30574493 -15016310 19187312 0 990231 309222 309222 2679162 2181169 2181169 0 0 0 0 0 0 0 0 0 0 0 0 0 165367 78281 78281 216621349 220455498 220455498 49603706 46756071 46756071 0 0 0 0 0 0 210705788 220729583 220729583 1990705 1513257 647327 477448 477448 46342719 40379885 40379885 527755649 531367157 531367157 1104047 1128922 8208438 5777096 1268819 607134 0 0 5020476 0 0 350445 15601780 7863597 X 512153869 523503560 512153869 523503560 527755649 531367157 512153869 -15016310 28474087 525611646 2108086 523503560 US BANK 8930 P 2022-01-01 2023-12-31 59470167 48473223 10996944 0 10996944 GAINS FROM PASS THROUGH NON-UBTI P 2022-01-01 2023-12-31 5012317 0 5012317 0 5012317 16009261 0 266704 266704 0 266704 683358 683358 416654 416654 0 false false false false false true true false true true CA CO true false false false false true WWW.COLORADOTRUST.ORG The Colorado Trust 3038371200 1600 Sherman Street Denver CO 80203 false false false false true false false false false false false false false false false false false false false false false false Warren Johnson MD 1600 Sherman Street Denver CO 80203 Trustee 1.500 29000 0 0 Rev Louise Westfall 1600 Sherman Street Denver CO 80203 Chair 1.500 34000 0 0 Dr Brenda J Allen 1600 Sherman Street Denver CO 80203 Secretary 1.500 29000 0 0 Betty Velasquez 1600 Sherman Street Denver CO 80203 Chair Elect 1.500 29000 0 0 Christine Marquez-Hudson 1600 Sherman Street Denver CO 80203 Trustee 1.500 29000 0 0 Brandy Reitter 1600 Sherman Street Denver CO 80203 Trustee 1.500 29000 0 0 Wendy Dominguez 1600 Sherman Street Denver CO 80203 Treasurer 1.500 29000 0 0 Tim Shultz 1600 Sherman Street Denver CO 80203 Trustee 1.500 29000 0 0 Todd Rubright 1600 Sherman Street Denver CO 80203 COMMUNITY MEMBER 0.500 0 0 0 Sam Masoudi 1600 Sherman Street Denver CO 80203 Community Member 0.500 1200 0 0 Jack Blumenthal 1600 Sherman Street Denver CO 80203 Community Member 0.500 1800 0 0 James Stanford Willie 1600 Sherman Street Denver CO 80203 Community Member 0.500 2400 0 0 Tony Vu 1600 Sherman Street Denver CO 80203 Community Member 0.500 1800 0 0 Don Mares 1600 Sherman Street Denver CO 80203 President and CEO 40.000 418769 50567 0 Monalisa Olarte 1600 Sherman Street Denver CO 80203 VP and CFO 40.000 299725 54998 0 Morris Price 1600 Sherman Street Denver CO 80203 VP Grants & Impact 40.000 249944 43548 0 Jullian Kesner 1600 Sherman Street Denver CO 80203 VP - Communications 40.000 169824 50924 0 Robert Foley 1600 Sherman Street Denver CO 80203 Grants Program Dir. 40.000 155399 36011 0 Johanna Ulloa Giron 1600 Sherman Street Denver CO 80203 Advocacy Prog. Mngr 40.000 110627 41549 0 Mia Ramirez 1600 Sherman Street Denver CO 80203 Program Manager 40.000 110251 27885 0 35 Community Science Inc 7272 Wisconsin Ave Ste 10W115 Bethesda MD 20814 CONSULTING 441239 NEPC LLC 255 State Street Woburn MA 018884110 CONSULTING 440591 Change Matrix 2251 N Rampart Blvd 365 Las Vegas NV 89128 CONSULTING 368000 WIPFLI LLP 12359 Sunrise Valley Drive Ste 130 Reston VA 20191 CONSULTING 362374 Dwinita Henry dba The HR Shop LLC 1718 Gaylord St DenveR CO 80206 CONSULTING 207917 12 Bank loan guarantee to indieDwell in support of the production of sustainable, affordable homes to underserved communities. 4000000 Low interest rate loan to Colorado Housing Accelerator Initiative to support the acceleration and preservation of affordable housing. 1650000 5650000 279107041 4756304 226632598 510495943 0 510495943 7657439 502838504 25141925 25141925 266704 72479 339183 24802742 24802742 24802742 30574493 5650000 0 36224493 24802742 0 1987249 1987249 36224493 0 0 0 24802742 11421751 0 13409000 0 0 0 0 0 0 13409000 0 0 0 1987249 11421751 X SEE DETAIL OF RECIPIENTS 1600 SHERMAN STREET RECIPIENTS ADDR ESS ON ATTACHMENT DENVER CO 80203 NONE PC SEE DETAILED ATTACHMENT 20716329 CHARITABLE CONTRIBUTION FROM PASS THROUGH ENTITIES 1600 SHERMAN STREET RECIPIENTS ADDR ESS ON ATTACHMENT DENVER CO 80203 NONE PC GENERAL SUPPORT 482 20716811 SEE DETAIL OF RECIPIENTS 1600 SHERMAN STREET RECIPIENTS ADDR ESS ON ATTACHMENT DENVER CO 80203 NONE PC SEE DETAILED ATTACHMENT 5777096 5777096 14 2730082 14 18 24542254 INCOME FROM REAL ESTATE 1 1146476 0 28418812 0 28418812 false false false false false false false false false false Accounting fees 111838 5592 106246 211556 31733 24542254 24542254 Form 990-PF, Part I, Line 16c *INDEPENDENT EVALUATIONS ARE CONDUCTED FOR A LARGE MAJORITY OF GRANT MAKING PROGRAMS OF THE COLORADO TRUST TO HELP IDENTIFY WHERE THE TRUST AND GRANTEES SHOULD ADJUST STRATEGIES AS WELL AS DETERMINE EFFECTIVENESS OF DIFFERENT STRATEGIES AND TO HELP SHAPE FUTURE PROGRAMS BY IDENTIFYING EMERGING NEEDS WITHIN COLORADO. THE RESULTS OF THESE EVALUATIONS ARE WIDELY COMMUNICATED TO GRANTEES AND TO OTHER FOUNDATIONS NATIONALLY SO THEY CAN BENEFIT FROM LESSONS LEARNED BY THE TRUST. ALTHOUGH THESE EXPENSES ARE CLASSIFIED AS "OPERATING AND ADMINISTRATIVE" FOR TAX PURPOSES THEY ARE AN ESSENTIAL COMPONENT OF RESPONSIBLE GRANT-MAKING. **PROGRAM RELATED CONSULTANTS ARE RETAINED FOR MOST GRANT STRATEGIES. THESE CONSULTANTS PROVIDE ESSENTIAL SERVICE IN THE FORM OF TECHNICAL ASSISTANCE TO BOTH GRANTEES AND STAFF. THEY ARE ALSO RETAINED TO ADVANCE PROGRAMMATIC EFFORTS IN A HIGHLY ACCOUNTABLE WAY. ALTHOUGH THESE EXPENSES ARE CLASSIFIED AS "OPERATING AND ADMINISTRATIVE" FOR TAX PURPOSES THEY ARE AN ESSENTIAL COMPONENT OF RESPONSIBLE GRANT MAKING. Vanguard 10553264 10553264 McKay Shields 9054002 9054002 SSGA 27148805 27148805 220455498 220455498 0 0 ACADIAN EMRGING MARKET EQUITY FMV 15865013 15865013 Apollo FMV 1554579 1554579 Ares FMV 4943917 4943917 Axiom Asia FMV 8422696 8422696 Blackstone Property Partners FMV 10003312 10003312 Canvas Distressed Fund FMV 2418729 2418729 Commonfund FMV 41347066 41347066 CRG Partners IV FMV 4905043 4905043 CVI Credit Value Fund IV Cval FMV 5872328 5872328 Davidson Kempner FMV 11347947 11347947 Dover Street FMV 3029786 3029786 GCM Grosvenor Adv Feeder Fund FMV 4807216 4807216 HCAP Partners Fund V FMV 2659592 2659592 Highbar FMV 6362439 6362439 Kennedy Lewis FMV 8219429 8219429 Kennedy Lewis III FMV 3954848 3954848 Latour Capital III FMV 11672336 11672336 Orchard Landmark LTD FMV 5295853 5295853 Permira Credit Solutions FMV 5074538 5074538 Pharo Gaia Fund, LTD FMV 237252 237252 Pontifax AGTech Fund II FMV 1919941 1919941 Prisa REIT FMV 8935506 8935506 RCP Fund FMV 5398291 5398291 Riverglade FMV 3235758 3235758 Sculptor OZ Overseas Funds FMV 0 0 Sustainable Asset Fund FMV 3314033 3314033 Thoma Bravo Fund XIII FMV 8870038 8870038 Thomas Bravo XIV FMV 5920384 5920384 Thomas Bravo XV FMV 8047633 8047633 UBS Trumbull REIT FMV 7733491 7733491 Harbourview Royalties Fund I FMV 2919295 2919295 Arboretum Ventures FMV 523709 523709 Mpowered Capital Access Fund I FMV 1449701 1449701 Arlington FMV 4467884 4467884 LEASEHOLD IMPROVEMENTS 686767 224781 461986 461986 BUILDING IMPROVEMENTS 5478 5478 0 0 BUILDING IMPROVEMENTS 55921 55921 0 0 FURNITURE & EQUIPMENTS 7742 7742 0 0 FURNITURE & EQUIPMENTS 317683 316101 1582 1582 EQUIPMENTS 755921 742041 13880 13880 EQUIPMENTS 161193 161193 0 0 Legal fees 109504 1948 105953 5020476 0 INVESTMENTS HELD UNDER DEFERRED COMP AGREEMENTS 339859 314536 314536 DISTRIBUTION RECEIVABLE 24566694 21398182 21398182 INTEREST RECEIVABLE 105765 55310 55310 GRANT RETURN RECEIVABLE 8500 0 0 PROGRAM RELATED INVESTMENT 19765240 18250711 18250711 DEFERRED TAXES 1556661 361146 361146 Deferred Fed Excise Tax 1499209 NET INVESTMENT EXPENSES 608877 Books & Subscriptions 26513 283 25929 Auto Maintenance 88 88 Membership Dues 60266 2312 57955 Bank & Processing Fees 45908 1769 44072 Employee Wellness 26720 1054 25666 Recognition 6538 107 6431 Office Supplies 1180 1279 Postage & Delivery 1941 47 1895 IT-Non Capital Equipment 21799 872 21093 Telephone 39995 999 39145 Software 170103 6822 163786 Insurance 57291 2292 55000 Recruitment & Relocation 59532 2352 57180 Machine Maintenance 22330 893 21437 Foundations Relations 2181 96 2307 OTHER EXPENSES FROM PASS THROUgh 4618308 72 Office Equipment & Furniture 1408 23 1384 Bad Debt Expense 6500000 Non-cash contribution expense 426433 INCOME FROM REAL ESTATE 1146476 INCOME FROM PASS THROUGH ENTITIES 1132509 OTHER INCOME FROM ALTERNATIVES 2385840 AMORTIZATION DEFERRED GAIN 661685 GRANT ACCRUAL ADJUSTMENT 2600506 Unrealized gain ON INVESTMENTS 25211896 DEFERRED EXCISE TAX PAYABLE 0 350445 CONTRACT SERVICES 7057019 4985741 0 2190629 Taxes 318085 FOREIGN TAXES 386452