2022-11-15T18:53:55-06:00 2021-12-31 FORVIS LLP 111 South Tejon Suite 800 Colorado Springs CO 809039848 990PF 2021-01-01 840994055 The Colorado Trust % THE COLORADO TRUST COLO 3038371200 1600 Sherman Street Denver CO 80203 Monalisa Olarte CFO 3038371200 2022-11-15 true Monalisa Olarte 999009999 Bernadette D Zita P00089845 7194714290 2022-11-15 2 2021 2022-09-23 18:48:47Z X 617176862 X 0 X 1450951 2585125 7360337 60069533 256746514 56691007 1165116 1375011 63819774 66877306 1312692 175588 916101 5041796 162910 4903487 1700145 64127 1435977 55364 44722 69100 2518 47833 8625449 5994323 2671542 683374 384857 109034 16355 1000251 46480 954201 619311 4348 580644 219099 106 209768 1189306 2774875 1170647 20624921 9626487 12934922 15439288 15440346 36064209 9626487 28375268 27755565 57250819 530766 189986 189986 3588963 5729895 5729895 193670 329144 329144 233143106 263386893 263386893 71056689 58515079 58515079 242516154 271499771 271499771 1961896 1067874 965368 894022 894022 8214898 16632072 16632072 560209614 617176862 617176862 650048 1509332 8046942 12140589 1768019 1518419 538562 807073 11003571 15975413 X 549206043 601201449 549206043 601201449 560209614 617176862 549206043 27755565 28383443 605345051 4143602 601201449 GAINS FROM PASS THROUGH NON-UBTI P 24598905 24598905 24598905 US BANK P 232147609 200055507 32092102 32092102 56691007 795786 795786 795786 396523 0 898000 1294523 X 7439 491298 491298 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 Bruce N Calonge MD 1600 Sherman Street Denver CO 80203 President & CEO 40.0 691633 81505 0 Warren Johnson 1600 Sherman Street Denver CO 80203 Chair 1.5 36750 0 0 Don Mares 1600 Sherman Street Denver CO 80203 Trustee 1.5 24000 0 0 Dr Brenda J Allen 1600 Sherman Street Denver CO 80203 Treasurer 1.5 30750 0 0 Kathleen Lutito 1600 Sherman Street Denver CO 80203 Community Member 0.5 2400 0 0 Betty Velasquez 1600 Sherman Street Denver CO 80203 Trustee 1.5 27000 0 0 Rev Louise Westfall 1600 Sherman Street Denver CO 80203 Chair Elect 1.5 30000 0 0 Randall Baum 1600 Sherman Street Denver CO 80203 Community Member 0.5 2400 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 357059 63967 0 Wendy Dominguez 1600 Sherman Street Denver CO 80203 Trustee 1.5 31000 0 0 Tim Schultz 1600 Sherman Street Denver CO 80203 Trustee 1.5 27000 0 0 NANCY CSUTI 1600 SHERMAN STREET DENVER CO 80203 DIR OF RESEARCH/EVAL 40.0 163949 49282 0 JULLIAN KESNER 1600 SHERMAN STREET DENVER CO 80203 DIR OF COMMUNICATION 40.0 154367 44958 0 CAROLYN HOMER 1600 SHERMAN STREET DENVER CO 80203 CONTROLLER 40.0 141055 34687 0 TERA WICK 1600 SHERMAN STREET DENVER CO 80203 REGIONAL MANAGER 40.0 142508 43886 0 ROB RIKER 1600 SHERMAN STREET DENVER CO 80203 GRANTS & COMPL MGR 40.0 128553 35502 0 55 Transformative Alliances LLC 1420 Quince Street DENVER CO 80220 Edu Facilitator srvc 376125 Community Science Inc 438 N Frederick AVE Ste 315 GAITHERSBURG MD 20877 Consulting 521062 NEPC LLC 255 State Street WOBURN MA 018884110 Consulting 295347 Dickerson Consulting LLC 106 Cranebill Rd TAUNTON MA 02780 Consulting 321750 Teal Media 306 S Washington Avenue Ste 218 ROYAL OAK MI 48067 Consulting 169000 15 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. 1000000 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. 1000000 6492000 8492000 573089713 5511020 742014 579342747 0 579342747 8690141 570652606 28532630 28532630 795786 162852 958638 27573992 728469 28302461 28302461 28375268 8492000 0 0 0 36867268 28302461 15708461 2019 2018 2017 0 0 0 0 36867268 15708461 21158807 0 0 0 0 7143654 0 0 0 0 X See Detail of Recipients Donor Address 1600 Sherman Street Recipients Address on Attachment Denver CO 80203 None PC See Detailed Attachment 15439288 CHARITABLE CONTRIBUTION FROM PASS THROUGH ENTITIES 1600 SHERMAN STREET DENVER CO 80203 NONE PC GENERAL SUPPORT 1058 15440346 14 2585125 18 60069533 INCOME FROM REAL ESTATE 01 1129490 RETURNED GRANT 01 35626 63819774 63819774 false false false false false false false false false false LOW INT. RATE LOAN TO NONPROFITS & COLORADO ENTERPRISE FUND TO INCREASE LENDING TO ORGANIZATIONS THAT SERVE UNDER-REPRESENTED COMMUNITIES THROUGHOUT COLORADO 6492000 Bruce N Calonge MD $214,204 OF REPORTABLE COMPENSATION IS ACCRUED SEVERANCE LEASEHOLD IMPROVE 686767 0 BUILDING IMPROVEME 5478 5478 39 BUILDING IMPROVEME 55921 40870 39 FURNITURE & EQUIP 7742 7742 FURNITURE & EQUIP 317683 316101 EQUIPMENT 161193 161193 EQUIPMENT 727112 536490 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 VANGUARD INFLATION PROTECTED 14669307 14669307 MCKAY SHIELDS 9007817 9007817 SSGA 34837955 34837955 BLACK ROCK 0 0 S&P 500 INDEX FUND 97781812 97781812 WELLINGTON 26103597 26103597 GQG PARNTERS GLOBAL EQUITY FUN 26361698 26361698 BLACKROCK IMI FUND 0 0 BALLIE GIFFORD INTL EQUITY 15630331 15630331 LAZARD 0 0 OWNERSHIP CAPITAL GLOBAL 25738658 25738658 SILCHESTER INTERNATIONAL 29570167 29570167 INDEPENDENT FRANCHISE PARTNERS 26269651 26269651 RBC GLOBAL EMERGING MARKET 15930979 15930979 COMMONFUND FMV 57362708 57362708 PRISA REIT FMV 22847616 22847616 OCM EUROPEAN PRINCIPAL-OAKTREE FMV 7909 7909 HIGHBAR PARTNERS III FMV 7587980 7587980 PIMCO ALL ASSET FUND FMV WELLINGTON FMV 5299523 5299523 UBS REAL ESTATE INVESTORS LLC FMV 11743291 11743291 ARROWGRASS FMV 498548 498548 ARES CO FUND V FMV 4999091 4999091 APOLLO INVEST FUND VIII FMV 2803739 2803739 RCP FUND IX FMV 5235714 5235714 DOVER STREET IX FMV 3946770 3946770 SCULPTOR OZ OVERSEAS FUND II FMV 15392751 15392751 KABOUTER INTERNATIONAL FMV 15773375 15773375 RIVERGLADE FMV 3302230 3302230 PHARO GAIA FUND 2 FMV 5656239 5656239 ORCHARD LANDMARK LTD FMV 5295853 5295853 AXIOM ASIA FMV 7694189 7694189 CANVAS DISTRESSED FUND FMV 2218486 2218486 CVI CREDIT VALUE FUND IV CVAL FMV 7669910 7669910 PERMIRA CREDIT SOLUTIONS FMV 4231659 4231659 ACADIAN EMRGING MARKET EQUITY FMV 15837192 15837192 CRG PARTNERS IV FMV 1064023 1064023 LATOUR CAPITAL III FMV 5185111 5185111 PONTIFAX AGTECH FUND II FMV 1345554 1345554 THOMA BRAVO FND XIII FMV 8653688 8653688 BLACKSTONE PROPERTY PARTNERS FMV 24508806 24508806 KENNEDY LEWIS FMV 6581283 6581283 DAVIDSON KEMPNER FMV 10774413 10774413 THOMAS BRAVO XIV FMV 4867845 4867845 GCM GROSVENOR ADV FEEDER FMV 1556237 1556237 HCAP PARTNERS FUND V FMV 1125902 1125902 SUSTAINABLE ASSET FUND FMV 432136 432136 LEASEHOLD IMPROVE 686767 0 686767 BUILDING IMPROVEME 5478 5478 BUILDING IMPROVEME 55921 40870 15051 FURNITURE & EQUIP 7742 7742 FURNITURE & EQUIP 317683 316101 1582 EQUIPMENT 161193 161193 EQUIPMENT 727112 536490 190622 INVESTMENTS HELD UNDER DEFERRED COMP AGREEMENTS 377773 398781 398781 DISTRIBUTION RECEIVABLE 145219 716771 716771 INTEREST RECEIVABLE 24449 53209 53209 GRANT RETURN RECEIVABLE 3303 0 0 PROGRAM RELATED INVESTMENT 7664154 15463311 15463311 GRANT ACCRUAL ADJUSTMENT 4093599 DEFERRED FED EXCISE TAX 50003 PROFESSIONAL DEVELOPMENT 0 157 17607 STRATEGIC COMMUNICATIONS 0 0 6075 REPAIR & MAINTENANCE 21412 405 19790 SPONSORSHIPS 147200 0 145500 MEMBERSHIP DUES 150868 1 132693 TELEPHONE 88642 2171 93777 INSURANCE 51646 2582 49064 MISCELLANEOUS EXPENSE 43553 1083 49388 EVENTS 3662 0 0 TEMPORARY OFFICE 2214 0 2214 HUMAN RESOURCES 116307 1724 118050 OFFICE SUPPLIES 32001 2031 29470 EMPLOYEE WELLNESS 17010 797 15148 INFORMATION TECHNOLOGY 454718 21209 429652 BANK FEES & CHARGES 34852 1743 33109 BOOKS & SUBSCRIPTIONS 21077 460 24856 TRANSIT PASSES 206 10 196 POSTAGE & DELIVERY 3938 0 4058 OTHER EXPENSES FROM PASS THROU 0 2740502 INCOME FROM REAL ESTATE 1129490 RETURNED GRANT 35626 INCOME FROM PASS THROUGH ENTITIES 1375011 AMORTIZATION DEFERRED GAIN 249600 UNREALIZED GAIN ON INVESTMENTS 28126193 DIFFERENCE IN INVESTMENT FEES 7650 DEFERRED EXCISE TAX PAYABLE 538562 807073 CONTRACT SERVICES 2637468 6342 2671542 INVESTMENT MANAGER FEES 5987981 5987981 ACCRUED FEDERAL EXCISE TAX 217974 FOREIGN TAX FROM PASSTHROUGH 384857 2020 EXTENSION PAYMENT - EXCIS 213000 2021 EST TAX PAYMENTS - EXCISE 250000 2020 STATE TAX EXT 2400