COLORADO TRUST: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization: COLORADO TRUST (EIN 84-0994055)
Tax period: 2021-01-01 to 2021-12-31
Filed: 2022-11-15
IRS object ID: 202213199349110031
Schema version: 2021v4.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
All Oth Prog Rltd Investments Sch
Compensation Explanation
Depreciation Schedule
General Explanation Attachment
Investments Corp Bonds Schedule
Investments Corp Stock Schedule
Investments Other Schedule2
Land Etc Schedule2
Other Assets Schedule
Other Decreases Schedule
Other Expenses Schedule
Other Income Schedule2
Other Increases Schedule
Other Liabilities Schedule
Other Professional Fees Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2022-11-15T18:53:55-06:00	ReturnTs
Tax Period End	2021-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	FORVIS LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	111 South Tejon Suite 800	AddressLine1Txt
City	Colorado Springs	CityNm
State Abbreviation	CO	StateAbbreviationCd
ZIP	809039848	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2021-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	840994055	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	The Colorado Trust	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
In Care Of	% THE COLORADO TRUST	InCareOfNm
Business Name Control	COLO	BusinessNameControlTxt
Phone	3038371200	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1600 Sherman Street	AddressLine1Txt
City	Denver	CityNm
State Abbreviation	CO	StateAbbreviationCd
ZIP	80203	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	Monalisa Olarte	PersonNm
Person Title	CFO	PersonTitleTxt
Phone	3038371200	PhoneNum
Signature	2022-11-15	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	Monalisa	PersonFirstNm
Person Last	Olarte	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Bernadette D Zita	PreparerPersonNm
PTIN	P00089845	PTIN
Phone	7194714290	PhoneNum
Preparation	2022-11-15	PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	2	TrustedCustomerCd

Field	Value	IRS element (for citing)
Tax	2021	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$617,176,862	FMVAssetsEOYAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$0	ContriRcvdRevAndExpnssAmt
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Interest On Sav Net Invst Incm	$1,450,951	InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss	$2,585,125	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$7,360,337	DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss	$60,069,533	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$256,746,514	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$56,691,007	CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss	$1,165,116	OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm	$1,375,011	OtherIncomeNetInvstIncmAmt
Total Rev And Expnss	$63,819,774	TotalRevAndExpnssAmt
Total Net Invst Incm	$66,877,306	TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$1,312,692	CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm	$175,588	CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl	$916,101	CompOfcrDirTrstDsbrsChrtblAmt
Oth Empl Slrs Wgs Rev And Expnss	$5,041,796	OthEmplSlrsWgsRevAndExpnssAmt
Oth Empl Slrs Wgs Net Invst Incm	$162,910	OthEmplSlrsWgsNetInvstIncmAmt
Oth Empl Slrs Wgs Dsbrs Chrtbl	$4,903,487	OthEmplSlrsWgsDsbrsChrtblAmt
Pension Empl Bnft Rev And Expnss	$1,700,145	PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Net Invst Incm	$64,127	PensionEmplBnftNetInvstIncmAmt
Pension Empl Bnft Dsbrs Chrtbl	$1,435,977	PensionEmplBnftDsbrsChrtblAmt
Legal Fees Rev And Expnss	$55,364	LegalFeesRevAndExpnssAmt
Legal Fees Dsbrs Chrtbl	$44,722	LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss	$69,100	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$2,518	AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps	$47,833	AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss	$8,625,449	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm	$5,994,323	OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl	$2,671,542	OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss	$683,374	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$384,857	TaxesNetInvstIncmAmt
Deprec And Dpltn Rev And Expnss	$109,034	DeprecAndDpltnRevAndExpnssAmt
Deprec And Dpltn Net Invst Incm	$16,355	DeprecAndDpltnNetInvstIncmAmt
Occupancy Rev And Expnss	$1,000,251	OccupancyRevAndExpnssAmt
Occupancy Net Invst Incm	$46,480	OccupancyNetInvstIncmAmt
Occupancy Dsbrs Chrtbl	$954,201	OccupancyDsbrsChrtblAmt
Trav Conf Meeting Rev And Expnss	$619,311	TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Net Invst Incm	$4,348	TravConfMeetingNetInvstIncmAmt
Trav Conf Meeting Dsbrs Chrtbl	$580,644	TravConfMeetingDsbrsChrtblAmt
Printing And Pub Rev And Expnss	$219,099	PrintingAndPubRevAndExpnssAmt
Printing And Pub Net Invst Incm	$106	PrintingAndPubNetInvstIncmAmt
Printing And Pub Dsbrs Chrtbl	$209,768	PrintingAndPubDsbrsChrtblAmt
Other Expenses Rev And Expnss	$1,189,306	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$2,774,875	OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl	$1,170,647	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$20,624,921	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$9,626,487	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$12,934,922	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$15,439,288	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$15,440,346	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$36,064,209	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$9,626,487	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$28,375,268	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$27,755,565	ExcessRevenueOverExpensesAmt
Net Investment Income	$57,250,819	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$530,766	CashBOYAmt
Cash EOY	$189,986	CashEOYAmt
Cash EOYFMV	$189,986	CashEOYFMVAmt
Sav And Temp Cash Invst BOY	$3,588,963	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$5,729,895	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$5,729,895	SavAndTempCashInvstEOYFMVAmt
Prepaid Expenses BOY	$193,670	PrepaidExpensesBOYAmt
Prepaid Expenses EOY	$329,144	PrepaidExpensesEOYAmt
Prepaid Expenses EOYFMV	$329,144	PrepaidExpensesEOYFMVAmt
Corporate Stock BOY	$233,143,106	CorporateStockBOYAmt
Corporate Stock EOY	$263,386,893	CorporateStockEOYAmt
Corporate Stock EOYFMV	$263,386,893	CorporateStockEOYFMVAmt
Corporate Bonds BOY	$71,056,689	CorporateBondsBOYAmt
Corporate Bonds EOY	$58,515,079	CorporateBondsEOYAmt
Corporate Bonds EOYFMV	$58,515,079	CorporateBondsEOYFMVAmt
Other Investments BOY	$242,516,154	OtherInvestmentsBOYAmt
Other Investments EOY	$271,499,771	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$271,499,771	OtherInvestmentsEOYFMVAmt
Land Bldg Equip Cost Or Other Bss	$1,961,896	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$1,067,874	LandBldgEquipAccumDeprecAmt
Land BOY	$965,368	LandBOYAmt
Land EOY	$894,022	LandEOYAmt
Land EOYFMV	$894,022	LandEOYFMVAmt
Other Assets BOY	$8,214,898	OtherAssetsBOYAmt
Other Assets EOY	$16,632,072	OtherAssetsEOYAmt
Other Assets EOYFMV	$16,632,072	OtherAssetsEOYFMVAmt
Total Assets BOY	$560,209,614	TotalAssetsBOYAmt
Total Assets EOY	$617,176,862	TotalAssetsEOYAmt
Total Assets EOYFMV	$617,176,862	TotalAssetsEOYFMVAmt
Accounts Payable BOY	$650,048	AccountsPayableBOYAmt
Accounts Payable EOY	$1,509,332	AccountsPayableEOYAmt
Grants Payable BOY	$8,046,942	GrantsPayableBOYAmt
Grants Payable EOY	$12,140,589	GrantsPayableEOYAmt
Deferred Revenue BOY	$1,768,019	DeferredRevenueBOYAmt
Deferred Revenue EOY	$1,518,419	DeferredRevenueEOYAmt
Other Liabilities BOY	$538,562	OtherLiabilitiesBOYAmt
Other Liabilities EOY	$807,073	OtherLiabilitiesEOYAmt
Total Liabilities BOY	$11,003,571	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$15,975,413	TotalLiabilitiesEOYAmt
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY	$549,206,043	NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY	$601,201,449	NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY	$549,206,043	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$601,201,449	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$560,209,614	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$617,176,862	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$549,206,043	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$27,755,565	ExcessRevenueOverExpensesAmt
Other Increases	$28,383,443	OtherIncreasesAmt
Subtotal	$605,345,051	SubtotalAmt
Other Decreases	$4,143,602	OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY	$601,201,449	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDesc	How AcquiredHowAcquiredCd	Gross Sales PriceGrossSalesPriceAmt	Gain Or LossGainOrLossAmt	Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt	Cost Or Other BasisCostOrOtherBasisAmt
GAINS FROM PASS THROUGH NON-UBTI	P	$24,598,905	$24,598,905	$24,598,905
US BANK	P	$232,147,609	$32,092,102	$32,092,102	$200,055,507

Field	Value	IRS element (for citing)
Capital Gain Net Income	$56,691,007	CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$795,786	InvestmentIncomeExciseTaxAmt
Subtotal	$795,786	SubtotalAmt
Tax Based On Investment Income	$795,786	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$396,523	EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce	$0	ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid	$898,000	ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits	$1,294,523	TotalPaymentsAndCreditsAmt
Form2220 Attached	Yes (X)	Form2220AttachedInd
Es Penalty	$7,439	EsPenaltyAmt
Overpayment	$491,298	OverpaymentAmt
Applied To ES Tax	$491,298	AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	Yes (true)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (true)	Form990TFiledInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	CA	OrgReportOrRegisterStateCd
Org Report Or Register State	CO	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	www.coloradotrust.org	WebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

Field	Value	IRS element (for citing)
Business Name Line1	THE COLORADO TRUST	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	3038371200	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	1600 SHERMAN STREET	AddressLine1Txt
City	DENVER	CityNm
State Abbreviation	CO	StateAbbreviationCd
ZIP	80203	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	Yes (true)	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions	false	ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts	false	UncorrectedPriorActsInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (13 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
Bruce N Calonge MD
1600 Sherman Street	Denver	CO	80203	President & CEO	40.0	$691,633	$81,505	$0
Warren Johnson
1600 Sherman Street	Denver	CO	80203	Chair	1.5	$36,750	$0	$0
Don Mares
1600 Sherman Street	Denver	CO	80203	Trustee	1.5	$24,000	$0	$0
Dr Brenda J Allen
1600 Sherman Street	Denver	CO	80203	Treasurer	1.5	$30,750	$0	$0
Kathleen Lutito
1600 Sherman Street	Denver	CO	80203	Community Member	0.5	$2,400	$0	$0
Betty Velasquez
1600 Sherman Street	Denver	CO	80203	Trustee	1.5	$27,000	$0	$0
Rev Louise Westfall
1600 Sherman Street	Denver	CO	80203	Chair Elect	1.5	$30,000	$0	$0
Randall Baum
1600 Sherman Street	Denver	CO	80203	Community Member	0.5	$2,400	$0	$0
Kent Muckel
1600 Sherman Street	Denver	CO	80203	Community Member	0.5	$0	$0	$0
Todd Rubright
1600 Sherman Street	Denver	CO	80203	Community Member	0.5	$0	$0	$0
Danielle R Shoots
1600 Sherman Street	Denver	CO	80203	Vice President and CFO	40.0	$357,059	$63,967	$0
Wendy Dominguez
1600 Sherman Street	Denver	CO	80203	Trustee	1.5	$31,000	$0	$0
Tim Schultz
1600 Sherman Street	Denver	CO	80203	Trustee	1.5	$27,000	$0	$0

Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (5 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee BenefitsEmployeeBenefitsAmt	Expense AccountExpenseAccountAmt
NANCY CSUTI
1600 SHERMAN STREET	DENVER	CO	80203	DIR OF RESEARCH/EVAL	40.0	$163,949	$49,282	$0
JULLIAN KESNER
1600 SHERMAN STREET	DENVER	CO	80203	DIR OF COMMUNICATION	40.0	$154,367	$44,958	$0
CAROLYN HOMER
1600 SHERMAN STREET	DENVER	CO	80203	CONTROLLER	40.0	$141,055	$34,687	$0
TERA WICK
1600 SHERMAN STREET	DENVER	CO	80203	REGIONAL MANAGER	40.0	$142,508	$43,886	$0
ROB RIKER
1600 SHERMAN STREET	DENVER	CO	80203	GRANTS & COMPL MGR	40.0	$128,553	$35,502	$0

Field	Value	IRS element (for citing)
Other Employee Paid Over50k	55	OtherEmployeePaidOver50kCnt

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (5 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Service TypeServiceTypeTxt	CompensationCompensationAmt
Transformative Alliances LLC
1420 Quince Street	DENVER	CO	80220	Edu Facilitator srvc	$376,125
Community Science Inc
438 N Frederick AVE Ste 315	GAITHERSBURG	MD	20877	Consulting	$521,062
NEPC LLC
255 State Street	WOBURN	MA	018884110	Consulting	$295,347
Dickerson Consulting LLC
106 Cranebill Rd	TAUNTON	MA	02780	Consulting	$321,750
Teal Media
306 S Washington Avenue Ste 218	ROYAL OAK	MI	48067	Consulting	$169,000

Field	Value	IRS element (for citing)
Contractor Paid Over50k	15	ContractorPaidOver50kCnt

Field	Value	IRS element (for citing)
Summary Of Direct Chrtbl Acty		SummaryOfDirectChrtblActyGrp

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	LOW INT. RATE LOAN TO SUPPORT LA CLINICA TEPEYAC EXPANSION OF THEIR CLINIC. CLINICA TEPEYAC IS A TRUSTED HEALTH CARE PROVIDER IN DENVER LATINO COMMUNITY.	Description1Txt
Expenses1	$1,000,000	Expenses1Amt
Description2	LOW INT. RATE LOAN TO PUEBLO COMMUNITY HEALTH CENTER TO ASSIST IN FUNDING OF A NEW CLINIC TO IMPROVE & ADVANCE HEALTH OUTCOMES TO AN UNDERSERVED COMMUNITY.	Description2Txt
Expenses2	$1,000,000	Expenses2Amt
All Other Program Rltd Invst Tot	$6,492,000	AllOtherProgramRltdInvstTotAmt
Total	$8,492,000	TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$573,089,713	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$5,511,020	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$742,014	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$579,342,747	TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness	$0	AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast	$579,342,747	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$8,690,141	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$570,652,606	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$28,532,630	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$28,532,630	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$795,786	TaxBasedOnInvestmentIncomeAmt
Income Tax	$162,852	IncomeTaxAmt
Total Tax	$958,638	TotalTaxAmt
Distributable Before Adj	$27,573,992	DistributableBeforeAdjAmt
Recoveries Qualfied Distri	$728,469	RecoveriesQualfiedDistriAmt
Distributable Before Ded	$28,302,461	DistributableBeforeDedAmt
Distributable As Adjusted	$28,302,461	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$28,375,268	ExpensesAndContributionsAmt
Program Related Invst Total	$8,492,000	ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid	$0	CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test	$0	SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test	$0	SetAsideCashDistriTestAmt
Qualifying Distributions	$36,867,268	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$28,302,461	DistributableAsAdjustedAmt
Undistributed Income PY	$15,708,461	UndistributedIncomePYAmt
Prior Year1	2019	PriorYear1Yr
Prior Year2	2018	PriorYear2Yr
Prior Year3	2017	PriorYear3Yr
Excess Distribution Cyov Yr3	$0	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$0	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$0	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$0	TotalExcessDistributionCyovAmt
Qualifying Distributions	$36,867,268	QualifyingDistributionsAmt
Applied To Year1	$15,708,461	AppliedToYear1Amt
Applied To Current Year	$21,158,807	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$0	RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus	$0	ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY	$0	ExcessDistributionCyovAppCYAmt
Total Corpus	$0	TotalCorpusAmt
Undistributed Income CY	$7,143,654	UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr	$0	ExcessDistriCyovToNextYrAmt
Excess From Year2	$0	ExcessFromYear2Amt
Excess From Year1	$0	ExcessFromYear1Amt
Excess From Current Year	$0	ExcessFromCurrentYearAmt

Field	Value	IRS element (for citing)
Private Operating Foundations		PrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	Address Line2RecipientUSAddress/AddressLine2Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
See Detail of Recipients
Donor Address 1600 Sherman Street	Recipients Address on Attachment	Denver	CO	80203	None	PC	See Detailed Attachment	$15,439,288
CHARITABLE CONTRIBUTION FROM PASS THROUGH ENTITIES
1600 SHERMAN STREET		DENVER	CO	80203	NONE	PC	GENERAL SUPPORT	$1,058

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$15,440,346	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Field	Value	IRS element (for citing)
Fees Contracts From Govt Ag		FeesContractsFromGovtAgGrp
Membership Dues And Assmnt		MembershipDuesAndAssmntGrp
Int On Sav And Temp Cash Invst		IntOnSavAndTempCashInvstGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$2,585,125	ExclusionAmt

Field	Value	IRS element (for citing)
Net Rntl Incm Re Debt Fincd Prop		NetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd Prop		NetRntlIncmReNotDebtFincdProp
Net Rental Income Personal Prop		NetRentalIncomePersonalPropGrp
Other Investment Income		OtherInvestmentIncomeGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Exclusion	18	ExclusionCd
Exclusion	$60,069,533	ExclusionAmt

Field	Value	IRS element (for citing)
Net Income Loss From Special Evt		NetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of Invntry		GrossProfitLossSlsOfInvntryGrp

Other Revenue Described OtherRevenueDescribedGrp (2 entries)

DescDesc	ExclusionExclusionCd	ExclusionExclusionAmt
INCOME FROM REAL ESTATE	01	$1,129,490
RETURNED GRANT	01	$35,626

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$63,819,774	ExclusionAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$63,819,774	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch

All Other Program Related Invst AllOtherProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Desc	LOW INT. RATE LOAN TO NONPROFITS & COLORADO ENTERPRISE FUND TO INCREASE LENDING TO ORGANIZATIONS THAT SERVE UNDER-REPRESENTED COMMUNITIES THROUGHOUT COLORADO	Desc
Amt	$6,492,000	Amt

Compensation Explanation CompensationExplanation

Compensation Explanation CompensationExplanationGrp

Field	Value	IRS element (for citing)
Person	Bruce N Calonge MD	PersonNm
Short Explanation	$214,204 OF REPORTABLE COMPENSATION IS ACCRUED SEVERANCE	ShortExplanationTxt

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (7 entries)

PropertyPropertyDesc	Cost Or Other BasisCostOrOtherBasisAmt	Prior Year DepreciationPriorYearDepreciationAmt	LifeLifeRt
LEASEHOLD IMPROVE	$686,767	$0
BUILDING IMPROVEME	$5,478	$5,478	39
BUILDING IMPROVEME	$55,921	$40,870	39
FURNITURE & EQUIP	$7,742	$7,742
FURNITURE & EQUIP	$317,683	$316,101
EQUIPMENT	$161,193	$161,193
EQUIPMENT	$727,112	$536,490

General Explanation Attachment GeneralExplanationAttachment

General Explanation GeneralExplanationGrp (2 entries)

IdentifierIdentifierTxt	Form And Line ReferenceFormAndLineReferenceDesc	Medium ExplanationMediumExplanationTxt
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.
section 59(e)(2) Expenditures	Form 990-T, Part I, Line 5 IRS Sec. 59(e)(1); Reg. 1.59-1(B)(1)	Sec. 263(c) Amortization Period: 5 years (60 months) Tax Payer Elects to capitalize and Amortize intangible drilling costs reported on the following K-1's: Commonfund Capital Natural Resources Partners VII, LP EIN: (51-0605779) Amount of Amortization taken in Current Year: 2,236 Commonfund Capital Natural Resources Partners VIII, LP EIN: (26-3180228) Amount of Amortization taken in Current Year: 11,831 Commonfund Capital Natural Resources Partners IX, LP EIN: (37-1656529) Amount of Amortization taken in Current Year: 77,257 Commonfund Capital Private Equity Partners VIII, L.P. EIN: (27-4641880) Amount of Amortization taken in Current Year: 924 Commonfund Capital Private Equity Partners IX, L.P. EIN: (36-4778201) Amount of Amortization taken in Current Year: 341

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp (4 entries)

BondBondNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
VANGUARD INFLATION PROTECTED	$14,669,307	$14,669,307
MCKAY SHIELDS	$9,007,817	$9,007,817
SSGA	$34,837,955	$34,837,955
BLACK ROCK	$0	$0

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (10 entries)

StockStockNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
S&P 500 INDEX FUND	$97,781,812	$97,781,812
WELLINGTON	$26,103,597	$26,103,597
GQG PARNTERS GLOBAL EQUITY FUN	$26,361,698	$26,361,698
BLACKROCK IMI FUND	$0	$0
BALLIE GIFFORD INTL EQUITY	$15,630,331	$15,630,331
LAZARD	$0	$0
OWNERSHIP CAPITAL GLOBAL	$25,738,658	$25,738,658
SILCHESTER INTERNATIONAL	$29,570,167	$29,570,167
INDEPENDENT FRANCHISE PARTNERS	$26,269,651	$26,269,651
RBC GLOBAL EMERGING MARKET	$15,930,979	$15,930,979

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (33 entries)

Category Or ItemCategoryOrItemTxt	Listed At Cost Or FMVListedAtCostOrFMVCd	Book ValueBookValueAmt	EOYFMVEOYFMVAmt
COMMONFUND	FMV	$57,362,708	$57,362,708
PRISA REIT	FMV	$22,847,616	$22,847,616
OCM EUROPEAN PRINCIPAL-OAKTREE	FMV	$7,909	$7,909
HIGHBAR PARTNERS III	FMV	$7,587,980	$7,587,980
PIMCO ALL ASSET FUND	FMV
WELLINGTON	FMV	$5,299,523	$5,299,523
UBS REAL ESTATE INVESTORS LLC	FMV	$11,743,291	$11,743,291
ARROWGRASS	FMV	$498,548	$498,548
ARES CO FUND V	FMV	$4,999,091	$4,999,091
APOLLO INVEST FUND VIII	FMV	$2,803,739	$2,803,739
RCP FUND IX	FMV	$5,235,714	$5,235,714
DOVER STREET IX	FMV	$3,946,770	$3,946,770
SCULPTOR OZ OVERSEAS FUND II	FMV	$15,392,751	$15,392,751
KABOUTER INTERNATIONAL	FMV	$15,773,375	$15,773,375
RIVERGLADE	FMV	$3,302,230	$3,302,230
PHARO GAIA FUND 2	FMV	$5,656,239	$5,656,239
ORCHARD LANDMARK LTD	FMV	$5,295,853	$5,295,853
AXIOM ASIA	FMV	$7,694,189	$7,694,189
CANVAS DISTRESSED FUND	FMV	$2,218,486	$2,218,486
CVI CREDIT VALUE FUND IV CVAL	FMV	$7,669,910	$7,669,910
PERMIRA CREDIT SOLUTIONS	FMV	$4,231,659	$4,231,659
ACADIAN EMRGING MARKET EQUITY	FMV	$15,837,192	$15,837,192
CRG PARTNERS IV	FMV	$1,064,023	$1,064,023
LATOUR CAPITAL III	FMV	$5,185,111	$5,185,111
PONTIFAX AGTECH FUND II	FMV	$1,345,554	$1,345,554
THOMA BRAVO FND XIII	FMV	$8,653,688	$8,653,688
BLACKSTONE PROPERTY PARTNERS	FMV	$24,508,806	$24,508,806
KENNEDY LEWIS	FMV	$6,581,283	$6,581,283
DAVIDSON KEMPNER	FMV	$10,774,413	$10,774,413
THOMAS BRAVO XIV	FMV	$4,867,845	$4,867,845
GCM GROSVENOR ADV FEEDER	FMV	$1,556,237	$1,556,237
HCAP PARTNERS FUND V	FMV	$1,125,902	$1,125,902
SUSTAINABLE ASSET FUND	FMV	$432,136	$432,136

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp (7 entries)

Category Or ItemCategoryOrItemTxt	Cost Or Other BasisCostOrOtherBasisAmt	Accumulated DepreciationAccumulatedDepreciationAmt	Book ValueBookValueAmt
LEASEHOLD IMPROVE	$686,767	$0	$686,767
BUILDING IMPROVEME	$5,478	$5,478
BUILDING IMPROVEME	$55,921	$40,870	$15,051
FURNITURE & EQUIP	$7,742	$7,742
FURNITURE & EQUIP	$317,683	$316,101	$1,582
EQUIPMENT	$161,193	$161,193
EQUIPMENT	$727,112	$536,490	$190,622

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (6 entries)

DescDesc	BOY Book ValueBOYBookValueAmt	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
INVESTMENTS HELD UNDER
DEFERRED COMP AGREEMENTS	$377,773	$398,781	$398,781
DISTRIBUTION RECEIVABLE	$145,219	$716,771	$716,771
INTEREST RECEIVABLE	$24,449	$53,209	$53,209
GRANT RETURN RECEIVABLE	$3,303	$0	$0
PROGRAM RELATED INVESTMENT	$7,664,154	$15,463,311	$15,463,311

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail (2 entries)

DescDesc	AmtAmt
GRANT ACCRUAL ADJUSTMENT	$4,093,599
DEFERRED FED EXCISE TAX	$50,003

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (19 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
PROFESSIONAL DEVELOPMENT	$0	$157	$17,607
STRATEGIC COMMUNICATIONS	$0	$0	$6,075
REPAIR & MAINTENANCE	$21,412	$405	$19,790
SPONSORSHIPS	$147,200	$0	$145,500
MEMBERSHIP DUES	$150,868	$1	$132,693
TELEPHONE	$88,642	$2,171	$93,777
INSURANCE	$51,646	$2,582	$49,064
MISCELLANEOUS EXPENSE	$43,553	$1,083	$49,388
EVENTS	$3,662	$0	$0
TEMPORARY OFFICE	$2,214	$0	$2,214
HUMAN RESOURCES	$116,307	$1,724	$118,050
OFFICE SUPPLIES	$32,001	$2,031	$29,470
EMPLOYEE WELLNESS	$17,010	$797	$15,148
INFORMATION TECHNOLOGY	$454,718	$21,209	$429,652
BANK FEES & CHARGES	$34,852	$1,743	$33,109
BOOKS & SUBSCRIPTIONS	$21,077	$460	$24,856
TRANSIT PASSES	$206	$10	$196
POSTAGE & DELIVERY	$3,938	$0	$4,058
OTHER EXPENSES FROM PASS THROU	$0	$2,740,502

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (3 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt
INCOME FROM REAL ESTATE	$1,129,490
RETURNED GRANT	$35,626
INCOME FROM PASS THROUGH ENTITIES		$1,375,011

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail (3 entries)

DescDesc	AmtAmt
AMORTIZATION DEFERRED GAIN	$249,600
UNREALIZED GAIN ON INVESTMENTS	$28,126,193
DIFFERENCE IN INVESTMENT FEES	$7,650

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

Field	Value	IRS element (for citing)
Desc	DEFERRED EXCISE TAX PAYABLE	Desc
BOY Book Value	$538,562	BOYBookValueAmt
EOY Book Value	$807,073	EOYBookValueAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
CONTRACT SERVICES	$2,637,468	$6,342	$2,671,542
INVESTMENT MANAGER FEES	$5,987,981	$5,987,981

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (5 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt
ACCRUED FEDERAL EXCISE TAX	$217,974
FOREIGN TAX FROM PASSTHROUGH		$384,857
2020 EXTENSION PAYMENT - EXCIS	$213,000
2021 EST TAX PAYMENTS - EXCISE	$250,000
2020 STATE TAX EXT	$2,400