2023-11-09T14:38:33-06:00 2022-12-31 FORVIS LLP 111 South Tejon Suite 800 Colorado Springs CO 809039848 990PF 2022-01-01 840994055 The Colorado Trust % THE COLORADO TRUST COLO 3038371200 1600 Sherman Street Denver CO 80203 Monalisa Olarte CFO 3038371200 2023-11-15 true Monalisa Olarte 999009999 Bernadette D Zita P00089845 7194714290 2023-11-15 2 2022 2023-04-26 12:10:37Z X 527755649 X 0 X 1908192 2910432 6309472 7325067 125169013 11547359 1441470 3857893 11676969 23622916 977482 171287 851885 5823931 1418958 4404973 1979364 117271 1906870 46096 24285 0 30780 87167 3466 0 65854 7302347 4524293 2664803 800058 422922 241414 36212 876905 42720 834348 962192 30359 928661 190908 5 184651 2252459 3612453 649120 21540323 10404231 0 12521945 17506659 17506947 39046982 10404231 0 30028892 -27370013 13218685 189986 990231 990231 5729895 2679162 2679162 329144 165367 165367 263386893 216621349 216621349 58515079 49603706 49603706 271499771 210705788 210705788 1949028 1301701 894022 647327 647327 16632072 46342719 46342719 617176862 527755649 527755649 1509332 1104047 12140589 8208438 1518419 1268819 0 5020476 807073 15975413 15601780 X 601201449 512153869 601201449 512153869 617176862 527755649 601201449 -27370013 6113940 579945376 67791507 512153869 US BANK 8930 P 64788721 58583751 6204970 6204970 US BANK 8931 P 55032627 55032623 4 4 GAINS FROM PASS THROUGH NON-UBTI P 5347665 0 5347665 5347665 LOSS ON DISPOSAL FIXED ASSET P 0 5280 -5280 -5280 11547359 183740 183740 183740 710098 0 710098 X 0 526358 526358 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 1600 Sherman Street Denver CO 80203 TRUSTEE 1.5 35750 0 0 Don Mares 1600 Sherman Street Denver CO 80203 President & CEO 40.0 368576 42872 0 Dr Brenda J Allen 1600 Sherman Street Denver CO 80203 SECRETARY 1.5 34750 0 0 Christine Marquez-Hudson 1600 Sherman Street Denver CO 80203 Trustee 1.5 35750 0 0 Betty Velasquez 1600 Sherman Street Denver CO 80203 CHAIR ELECT 1.5 36750 0 0 Rev Louise Westfall 1600 Sherman Street Denver CO 80203 Chair 1.5 33750 0 0 Randall Baum 1600 Sherman Street Denver CO 80203 Community Member 0.5 3000 0 0 Tony Vu 1600 Sherman Street Denver CO 80203 Community Member 0.5 1800 0 0 Todd Rubright 1600 Sherman Street Denver CO 80203 Community Member 0.5 0 0 0 Danielle R Shoots LEFT 222 1600 Sherman Street Denver CO 80203 Vice President and CFO 40.0 99645 18413 0 Wendy Dominguez 1600 Sherman Street Denver CO 80203 Treasurer 1.5 33750 0 0 Tim Schultz 1600 Sherman Street Denver CO 80203 Trustee 1.5 36750 0 0 Monalisa Olarte 1600 Sherman Street Denver CO 80203 Vice-President & CFO 40.0 262751 49717 0 Brandy Reitter 1600 Sherman Street Denver CO 80203 Trustee 1.5 34750 0 0 Sam Masoudi 1600 Sherman Street Denver CO 80203 Community Member 0.5 2400 0 0 Jack Blumenthal 1600 Sherman Street Denver CO 80203 Community Member 0.5 3000 0 0 JODEEN TAYLOR 1600 SHERMAN STREET DENVER CO 80203 EX DIR COMM PSHIPS 40.0 277599 16244 0 MORRIS PRICE 1600 SHERMAN STREET DENVER CO 80203 VP OF GRANTS 40.0 265474 44472 0 CAROLYN HOMER 1600 SHERMAN STREET DENVER CO 80203 CONTROLLER 40.0 186397 35465 0 JULIAN KESNER 1600 SHERMAN STREET DENVER CO 80203 DIR OF COMMUNICATION 40.0 167880 49914 0 COURTNEY RICCI 1600 SHERMAN STREET DENVER CO 80203 VP RES, EVAL, STRAT 40.0 175291 42105 0 56 Transformative Alliances LLC 1420 Quince Street DENVER CO 80220 Edu Facilitator srvc 382550 Community Science Inc 438 N Frederick AVE Ste 315 GAITHERSBURG MD 20877 Consulting 589668 NEPC LLC 255 State Street WOBURN MA 018884110 Consulting 236830 Change Matrix 2251 N Rampart Blvd 365 LAS VEGAS NV 89128 Consulting 483333 Gyan-i Inc PO Box 101953 DENVER CO 802501953 Consulting 140250 13 ZERO INTEREST RATE LOAN TO SUPPORT AFFORDABLE HOUSING IN COLORADO'S MANUFACTURED HOME COMMUNITIES THROUGH ROC USA CAPITAL'S RESIDENT OWNERSHIP MODEL. 3750000 LOW INTEREST RATE LOAN TO COLORADO HOUSING ACCELERATOR INITIATIVE TO SUPPORT THE ACCELERATION AND PRESERVATION OF AFFORDABLE HOUSING. 2350000 1800000 7900000 526295891 7819746 25012318 559127955 0 559127955 8386919 550741036 27537052 27537052 183740 109206 292946 27244106 2206311 29450417 29450417 30028892 7900000 652428 0 0 38581320 29450417 7143654 2020 2019 2018 0 0 0 0 38581320 7143654 29450417 1987249 1987249 0 1987249 0 0 0 1987249 X See Detail of Recipients Donor Address 1600 Sherman Street Recipients Address on Attachment Denver CO 80203 None PC See Detailed Attachment 17506659 CHARITABLE CONTRIBUTION FROM PASS THROUGH ENTITIES 1600 SHERMAN STREET DENVER CO 80203 NONE PC GENERAL SUPPORT 288 17506947 14 2910432 18 7325067 INCOME FROM REAL ESTATE 01 1441470 11676969 11676969 false false false false false false false false false false ACCOUNTING FEES 87167 3466 65854 LOW INT. RATE LOAN TO NONPROFITS & COLORADO ENTERPRISE FUND TO INCREASE LENDING TO ORGANIZATIONS THAT SERVE UNDER-REPRESENTED COMMUNITIES THROUGHOUT COLORADO 1800000 LEASEHOLD IMPROVE 686767 224781 M39 39 BUILDING IMPROVEME 5478 5478 39 BUILDING IMPROVEME 55921 55921 39 FURNITURE & EQUIP 7742 7742 FURNITURE & EQUIP 317683 316101 EQUIPMENT 161193 161193 EQUIPMENT 12867 7587 EQUIPMENT 714245 530485 Form 990-PF, Part I, Line 16c Form 990-PF, Part I, Line 16c Attachment 2: * 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 INFLATION PROTECTED 11069552 11069552 MCKAY SHIELDS 8076127 8076127 SSGA 30458027 30458027 S&P 500 INDEX FUND 80077556 80077556 WELLINGTON 21624309 21624309 GQG PARNTERS GLOBAL EQUITY FUN 22756275 22756275 BALLIE GIFFORD INTL EQUITY 11153677 11153677 OWNERSHIP CAPITAL GLOBAL 17556369 17556369 SILCHESTER INTERNATIONAL 27684050 27684050 INDEPENDENT FRANCHISE PARTNERS 22067912 22067912 RBC GLOBAL EMERGING MARKET 13701201 13701201 COMMONFUND FMV 44070760 44070760 PRISA REIT FMV 12107750 12107750 OCM EUROPEAN PRINCIPAL-OAKTREE FMV 0 0 HIGHBAR PARTNERS III FMV 7659769 7659769 WELLINGTON FMV 0 0 UBS REAL ESTATE INVESTORS LLC FMV 9712499 9712499 ARROWGRASS FMV 0 0 ARES CO FUND V FMV 5015925 5015925 APOLLO INVEST FUND VIII FMV 2046385 2046385 RCP FUND IX FMV 4760069 4760069 DOVER STREET IX FMV 3117551 3117551 SCULPTOR OZ OVERSEAS FUND II FMV 298545 298545 KABOUTER INTERNATIONAL FMV 0 0 RIVERGLADE FMV 3091943 3091943 PHARO GAIA FUND 2 FMV 4581800 4581800 ORCHARD LANDMARK LTD FMV 5295853 5295853 AXIOM ASIA FMV 8253172 8253172 CANVAS DISTRESSED FUND FMV 2019262 2019262 CVI CREDIT VALUE FUND IV CVAL FMV 7287268 7287268 PERMIRA CREDIT SOLUTIONS FMV 4845352 4845352 ACADIAN EMRGING MARKET EQUITY FMV 12791172 12791172 CRG PARTNERS IV FMV 2111862 2111862 LATOUR CAPITAL III FMV 8795370 8795370 PONTIFAX AGTECH FUND II FMV 2144042 2144042 THOMA BRAVO FND XIV FMV 5352197 5352197 BLACKSTONE PROPERTY PARTNERS FMV 13417441 13417441 KENNEDY LEWIS FMV 9509956 9509956 DAVIDSON KEMPNER FMV 10701630 10701630 THOMAS BRAVO XV FMV 5138247 5138247 GCM GROSVENOR ADV FEEDER FMV 3456709 3456709 HCAP PARTNERS FUND V FMV 1569043 1569043 THOMAS BRAVO XIII FMV 8780130 8780130 SUSTAINABLE ASSET FUND FMV 2774086 2774086 LEASEHOLD IMPROVE 686767 224781 461986 BUILDING IMPROVEME 5478 5478 BUILDING IMPROVEME 55921 55921 FURNITURE & EQUIP 7742 7742 FURNITURE & EQUIP 317683 316101 1582 EQUIPMENT 161193 161193 EQUIPMENT EQUIPMENT 714245 530485 183760 LEGAL FEES 46096 24285 30780 INVESTMENTS HELD UNDER DEFERRED COMP AGREEMENTS 398781 339859 339859 DISTRIBUTION RECEIVABLE 716771 24566694 24566694 INTEREST RECEIVABLE 53209 105765 105765 GRANT RETURN RECEIVABLE 0 8500 8500 PROGRAM RELATED INVESTMENT 15463311 19765240 19765240 DEFERRED TAXES 0 1556661 1556661 UNREALIZED LOSS ON INVESTMENTS 67791507 MEMBERSHIP DUES 88874 3910 85280 TELEPHONE 67924 1601 66472 INSURANCE 19857 756 14361 MISCELLANEOUS EXPENSE 7884 224 7660 OFFICE SUPPLIES 14757 96 14967 EMPLOYEE WELLNESS 24707 1203 23504 BANK FEES & CHARGES 60848 3042 57805 BOOKS & SUBSCRIPTIONS 30994 160 30543 POSTAGE & DELIVERY 7586 259 7327 OTHER EXPENSES FROM PASS THROU 3570276 AUTO MAINTENANCE 550 550 FOUNDATIONS RELATIONS 1729 97 1834 IT-NON CAPITAL EQUIPMENT 43917 2015 42052 MACHINE MAINTENANCE 21436 1072 20364 OFFICE EQUIPMENT & FURNITURE 10643 376 7264 PROCESSING FEES 13866 684 13182 RECOGNITION EXPENSE 14062 462 13600 RECRUITMENT EXPENSE 97141 17892 79248 SOFTWARE 171278 8328 163107 BAD DEBT EXPENSE 91899 0 CONTRIBUTION EXPENSE 1462507 0 INCOME FROM REAL ESTATE 1441470 0 INCOME FROM PASS THROUGH ENTITIES 0 1013271 OTHER INCOME FROM ALTERNATIVES 0 2844622 AMORTIZATION DEFERRED GAIN 249600 GRANT ACCRUAL ADJUSTMENT 3932151 DEFERRED FED EXCISE TAX 1618967 NET INVESTMENT EXPENSES 313222 DEFERRED EXCISE TAX PAYABLE 807073 CONTRACT SERVICES 2910883 246830 2664803 INVESTMENT MANAGER FEES 4391464 4277463 FOREIGN TAX FROM PASSTHROUGH 422922 2021 EXT PAYMENT - EXCISE 800058