Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 12-01-2018 , and ending 11-30-2019
Name of foundation
Adolph Coors Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)215 Saint Paul Street No 300
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Denver, CO80206
A Employer identification number

51-0172279
B Telephone number (see instructions)

(303) 388-1636
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$205,606,623J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 25,514 25,514  
4 Dividends and interest from securities... 2,619,986 2,619,986  
5a Gross rents............ 1,271,737 1,271,737  
b Net rental income or (loss) 750,528
6a Net gain or (loss) from sale of assets not on line 10 3,797,434
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 3,797,434
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 726,976 726,976  
12 Total. Add lines 1 through 11........ 8,441,647 8,441,647  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 1,038,405 468,002   570,403
14 Other employee salaries and wages...... 408,343 0   408,343
15 Pension plans, employee benefits....... 251,554 27,797   223,757
16a Legal fees (attach schedule)......... Click to see attachment 12,677 1,457   11,220
b Accounting fees (attach schedule)....... Click to see attachment 34,506 10,527   23,979
c Other professional fees (attach schedule).... Click to see attachment 606,583 428,573   178,010
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 467,753 300,386   216
19 Depreciation (attach schedule) and depletion... 302,700 237,393  
20 Occupancy.............. 253,262 176,645   76,617
21 Travel, conferences, and meetings....... 42,218 0   42,218
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 281,780 108,647   169,727
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,699,781 1,759,427   1,704,490
25 Contributions, gifts, grants paid....... 8,809,370 8,809,370
26 Total expenses and disbursements. Add lines 24 and 25 12,509,151 1,759,427   10,513,860
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -4,067,504
b Net investment income (if negative, enter -0-) 6,682,220
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 2,383,263 146,401 146,401
2 Savings and temporary cash investments......... 739,093 60,984 60,984
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 108,974,252 Click to see attachment99,118,160 117,601,052
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet12,107,026
Less: accumulated depreciation (attach schedule) bullet1,284,074 11,038,680 Click to see attachment10,822,952 15,063,306
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 44,004,528 Click to see attachment52,989,065 69,089,018
14 Land, buildings, and equipment: basis bullet3,342,839
Less: accumulated depreciation (attach schedule) bullet366,631 3,041,515 Click to see attachment2,976,208 3,645,862
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 170,181,331 166,113,770 205,606,623
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment65,356 Click to see attachment65,299
23 Total liabilities (add lines 17 through 22)......... 65,356 65,299
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 170,115,975 166,048,471
30 Total net assets or fund balances (see instructions)..... 170,115,975 166,048,471
31 Total liabilities and net assets/fund balances (see instructions). 170,181,331 166,113,770
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
170,115,975
2
Enter amount from Part I, line 27a .....................
2
-4,067,504
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
166,048,471
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
166,048,471
Form 990-PF (2018)
Form 990-PF (2018)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Corsair IV Financial Services Capital Partners, LP P    
b Pilothouse Venture Fund VII, LLLP P    
c SSGA Global Managed Volatility NL CTF P    
d Global Special Opportunities Fund I LLLP P    
e AMGIC VC Direct LLLP P    
Siguler Guff Small Buyout P    
Northern Trust Managed Funds P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a       33,371
b       81,961
c       1,013,270
d       79,223
e       -70,751
      97,569
      2,562,791
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       33,371
b       81,961
c       1,013,270
d       79,223
e       -70,751
      97,569
      2,562,791
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 3,797,434
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2017 8,732,561 194,642,099 0.044865
2016 8,460,058 182,848,563 0.046268
2015 9,139,848 170,009,726 0.053761
2014 6,236,180 170,194,197 0.036642
2013 8,403,233 168,744,332 0.049799
2
Total of line 1, column (d) .....................
2
0.231335
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.046267
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
192,677,466
5
Multiply line 4 by line 3......................
5
8,914,608
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
66,822
7
Add lines 5 and 6........................
7
8,981,430
8
Enter qualifying distributions from Part XII, line 4,.............
8
10,513,860
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 66,822
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 66,822
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 66,822
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 135,000
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 135,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 68,178
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet68,178 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCO
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
    Yes
     
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructionsClick to see attachment.................
    12
    Yes
     
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletwww.coorsfoundation.org
    14
    The books are in care ofbulletThe Organization Telephone no.bullet (303) 388-1636

    Located atbullet215 Saint Paul Street No 300DenverCO ZIP+4bullet80206
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
    Yes
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    John Jackson Exec Dir./Secretary (thru March 2019)
    40.00     		867,738 36,994 0
    215 Saint Paul Street Suite 300
    Denver,CO80206
    Peter H Coors President & Chairman
    1.00     		0 0 0
    215 Saint Paul Street Suite 300
    Denver,CO80206
    Jeffrey H Coors Treasurer
    1.00     		0 0 0
    215 Saint Paul Street Suite 300
    Denver,CO80206
    Melissa Coors Osborn Vice President
    1.00     		0 0 0
    215 Saint Paul Street Suite 300
    Denver,CO80206
    Cecily Coors Garnsey Vice President
    1.00     		0 0 0
    215 Saint Paul Street Suite 300
    Denver,CO80206
    Benjamin R Windsor Trustee
    1.00     		0 0 0
    215 Saint Paul Street Suite 300
    Denver,CO80206
    Carin Coors Bremer Trustee
    1.00     		0 0 0
    215 Saint Paul Street Suite 300
    Denver,CO80206
    Christina Coors Williams Trustee
    1.00     		0 0 0
    215 Saint Paul Street Suite 300
    Denver,CO80206
    Carrie Tynan Exec Dir./Secretary (from April 2019)
    40.00     		170,667 46,498 0
    215 Saint Paul Street Suite 300
    Denver,CO80206
    Michael Garnsey Trustee
    1.00     		0 0 0
    215 Saint Paul Street Suite 300
    Denver,CO80206
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    Carol S Strathman Financial Manager
    40.00     		134,000 0 0
    215 Saint Paul Street Suite 300
    Denver,CO80206
    Alejandra Major Program Officer
    40.00     		93,000 0 0
    215 Saint Paul Street Suite 300
    Denver,CO80206
    Cynthia M Kennedy Admin Assistant
    40.00     		90,000 0 0
    215 Saint Paul Street Suite 300
    Denver,CO80206
    Elizabeth Losinski Program Officer
    40.00     		6,250 0 0
    215 Saint Paul Street Suite 300
    Denver,CO80206
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    Hoplin Jackson Consultants 314,293
    100 Fillmore Street Suite 500
    Denver,CO80206
    Northern Trust Investment Management 140,709
    1401 Lawrence St Ste 1500
    Denver,CO80202
    Ellwood Associates Investment Advisor 108,918
    5299 DTC Blvd Suite 810
    Greenwood Village,CO80111
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    177,450,995
    b
    Average of monthly cash balances.......................
    1b
    3,097,340
    c
    Fair market value of all other assets (see instructions)................
    1c
    15,063,306
    d
    Total (add lines 1a, b, and c).........................
    1d
    195,611,641
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    195,611,641
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    2,934,175
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    192,677,466
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    9,633,873
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    9,633,873
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    66,822
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    66,822
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    9,567,051
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    9,567,051
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    9,567,051
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    10,513,860
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    10,513,860
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    66,822
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    10,447,038
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 9,567,051
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 9,230,859
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015......  
    d From 2016......  
    e From 2017......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 10,513,860
    a Applied to 2017, but not more than line 2a 9,230,859
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 1,283,001
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		8,284,050
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017....  
    e Excess from 2018....  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    Ms Carrie Tynan Executive Director
    215 Saint Paul Street Suite 300
    Denver,CO80206
    (303) 388-1636
    bThe form in which applications should be submitted and information and materials they should include:
    The Foundation uses an online grant application process which can be accessed on the website at www.coorsfoundation.org. Information required with the application is detailed on the website but includes, among other items, tax exemption letter and tax identification number, most current financial statements, board list, list of major funders, program purpose and budget.
    cAny submission deadlines:
    There are three submission deadlines during the year - March 1st, July 1st and November 1st.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    The Foundation has listed on its website the types of activities/programs for which it will not make a grant.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Access AfterSchool
    PO Box 819
    Carbondale,CO81623     		  Public Charity general operating 20,000
    Cross Purpose
    PO Box 2483
    Denver,CO80201     		  Public Charity program-specific 250,000
    American Enterprise Institute
    1789 Massachusetts Avenue NW
    Washington,DC20036     		  Public Charity general operating 175,000
    American Indian College Fund
    8333 Greenwood Boulevard
    Denver,CO80221     		  Public Charity program-specific 48,200
    American Legislative Exchange Council
    2900 Crystal Drive Suite 600
    Arlington,VA22202     		  Public Charity general operating 75,000
    Arkansas Valley Pregnancy Center
    PO Box 249
    La Junta,CO81050     		  Public Charity program-specific 10,000
    Becket Fund for Religious Liberty The
    1200 New Hampshire Avenue Northwest
    Suite 700
    Washington,DC20036     		  Public Charity general operating 125,000
    Bessie's Hope
    PO Box 12675
    Denver,CO802120675     		  Public Charity general operating 10,000
    Big Brothers Big Sisters of Colorado
    750 W Hampden Avenue 450
    Englewood,CO80110     		  Public Charity general operating 30,000
    Big Idea Project
    PO Box 581
    Littleton,CO80160     		  Public Charity program-specific 100,000
    Black Canyon Boys and Girls Club
    Post Office Box 1907
    Montrose,CO81402     		  Public Charity general operating 15,000
    Book Trust
    789 Sherman Street Suite 300A
    Denver,CO80203     		  Public Charity general operating 25,000
    BookTrails
    68 9th Street
    Steamboat Springs,CO80487     		  Public Charity general operating 7,000
    Boston Children's Hospital
    300 Longwood Avenue
    Boston,MA02215     		  Public Charity program-specific 250,000
    Boys and Girls Club of South Park
    PO Box 2167
    Fairplay,CO80440     		  Public Charity general operating 15,000
    Boys and Girls Clubs of Chaffee County
    PO Box 1430
    Salida,CO81201     		  Public Charity general operating 10,000
    Boys and Girls Clubs of Larimer County
    103 Smokey Street
    Fort Collins,CO80525     		  Public Charity capital 100,000
    Boys and Girls Clubs of Metro Denver
    2017 West 9th Avenue
    Denver,CO80218     		  Public Charity general operating 40,000
    Boys and Girls Clubs of Pueblo County
    635 W Corona Avenue Suite 201
    Pueblo,CO81004     		  Public Charity general operating 20,000
    Boys and Girls Clubs of San Luis Valley
    1115 10th Street
    Alamosa,CO81101     		  Public Charity general operating 15,000
    Boys and Girls Clubs of Weld County Inc
    PO Box 812
    Greeley,CO80632     		  Public Charity general operating 15,000
    Breakthrough Kent Denver
    4000 East Quincy Avenue
    Englewood,CO80113     		  Public Charity general operating 20,000
    Bridge House
    5345 Arapahoe Ave Unit 5
    Boulder,CO80303     		  Public Charity program-specific 300,000
    Cascade Policy Institute
    4850 SW Scholls Ferry Road Suite
    103
    Portland,CO97225     		  Public Charity general operating 30,000
    Children's Literacy Center
    2928 Straus Lane Suite 100
    Colorado Springs,CO80907     		  Public Charity program-specific 46,000
    Children's Literacy Center
    2928 Straus Lane Suite 100
    Colorado Springs,CO80907     		  Public Charity general operating 46,000
    Colorado Association of Black Professional Engineers and Scientists
    PO Box 200508
    Denver,CO80220     		  Public Charity general operating 10,000
    Colorado Association of Funders
    600 South Cherry Street Suite 1200
    Denver,CO80246     		  Public Charity general operating 4,370
    Colorado BioScience Institute
    600 Grant Street Suite 306
    Denver,CO80203     		  Public Charity general operating 7,000
    Colorado I Have A Dream Foundation
    1836 Grant Street
    Denver,CO802032022     		  Public Charity general operating 15,000
    Colorado School of Mines Foundation
    PO Box 4005
    Golden,CO80402     		  Public Charity program-specific 170,000
    Colorado School of Mines Foundation
    PO Box 4005
    Golden,CO80402     		  Public Charity program-specific 75,000
    Colorado School of Mines Foundation
    PO Box 4005
    Golden,CO80402     		  Public Charity program-specific 85,500
    Common Sense Policy Roundtable
    6295 Greenwood Plaza Blvd Ste 100
    Greenwood Village,CO80111     		  Public Charity general operating 20,000
    Commonwealth Foundation for Public Policy Alternatives
    225 State Street 302
    Harrisburg,PA17101     		  Public Charity general operating 50,000
    Congressional Medal of Honor Society
    40 Patriots Point Road
    Mt Pleasant,SC29464     		  Public Charity general operating 30,000
    Denver Youth Program
    1625 East 35th Avenue
    Denver,CO80205     		  Public Charity general operating 20,000
    Discovery Institute
    208 Columbia Street
    Seattle,WA98104     		  Public Charity general operating 25,000
    DonorsTrust
    1800 Diagonal Road Suite 280
    Alexandria,VA22314     		  Public Charity program-specific 250,000
    DonorsTrust
    1800 Diagonal Road Suite 280
    Alexandria,VA22314     		  Public Charity general operating 50,000
    DonorsTrust
    1800 Diagonal Road Suite 280
    Alexandria,VA22314     		  Public Charity program-specific 500,000
    DonorsTrust
    1800 Diagonal Road Suite 280
    Alexandria,VA22314     		  Public Charity program-specific 400,000
    Draper Richards Kaplan Foundation
    1600 El Camino Real Suite 155
    Menlo Park,CA94025     		  Public Charity program-specific 200,000
    Durango Discovery Museum
    1333 Camino del Rio
    Durango,CO81301     		  Public Charity general operating 15,000
    EdChoice
    111 Monumnet Circle 2650
    Indianapolis,IN46204     		  Public Charity general operating 25,000
    Empire Center for Public Policy
    30 South Pearl Street
    Albany,NY12207     		  Public Charity general operating 40,000
    Ethics and Public Policy Center
    1730 M Street NW Suite 910
    Washington,CO20036     		  Public Charity general operating 75,000
    Eureka McConnell Science Museum
    1400 North 7th St
    Grand Junction,CO81501     		  Public Charity general operating 20,000
    Evergreen Freedom Foundation
    PO Box 552
    Olympia,WA98507     		  Public Charity general operating 45,000
    Federalist Society for Law and Public Policy Studies The
    1776 I Street NW
    Washington,DC20006     		  Public Charity general operating 75,000
    First Liberty Institute
    2001 W Plano Parkway Suite 1600
    Plano,TX75075     		  Public Charity general operating 30,000
    Foundation for Government Accountability
    15275 Collier Blvd Suite 201-279
    Naples,FL34119     		  Public Charity general operating 60,000
    Foundation for Individual Rights in Education
    510 Walnut Street Suite 1250
    Philadelphia,PA19106     		  Public Charity general operating 35,000
    Franklin News Foundation
    200 West Madison Street Suite 2100
    Chicago,IL60606     		  Public Charity general operating 25,000
    FreedomWorks Foundation
    111 K St NE Suite 600
    Washington,DC20002     		  Public Charity general operating 40,000
    Generation Justice
    3900 East Camelback Road 300
    Phoenix,AZ85018     		  Public Charity general operating 250,000
    Georgia Center for Opportunity
    333 Research Court Suite 210
    Peachtree Corners,GA30092     		  Public Charity program-specific 200,000
    Girls Incorporated of Metro Denver
    1499 Julian Street
    Denver,CO80204     		  Public Charity general operating 30,000
    Gunnison Hinsdale Youth Services
    101 N 8th St
    Gunnison,CO81230     		  Public Charity general operating 15,000
    Help the Needy
    PO Box 644
    Woodland Park,CO80866     		  Public Charity general operating 10,000
    High Valley Community Center Inc
    595 Grand Avenue
    Del Norte,CO81132     		  Public Charity general operating 15,000
    Hillsdale College
    33 East College
    Hillsdale,MI49242     		  Public Charity program-specific 195,000
    Illinois Policy Institute
    190 S LaSalle Street Ste 1500
    Chicago,IL60603     		  Public Charity general operating 40,000
    Independence Institute
    727 E 16th Avenue
    Denver,CO80203     		  Public Charity program-specific 2,550
    Independence Institute
    727 E 16th Avenue
    Denver,CO80203     		  Public Charity general operating 75,000
    Institute for Free Speech
    124 S West Street Suite 201
    Alexandria,VA22314     		  Public Charity general operating 30,000
    Institute for Justice
    901 North Glebe Road Suite 900
    Arlington,VA22203     		  Public Charity general operating 70,000
    Intercollegiate Studies Institute
    3901 Centerville Rd
    Wilmington,DE19807     		  Public Charity general operating 50,000
    Junior Achievement-Rocky Mountain Inc
    1445 Market Street Suite 200
    Denver,CO80202     		  Public Charity general operating 50,000
    Kids Pasta Project
    395 Clark Avenue
    Paonia,CO81428     		  Public Charity general operating 3,000
    Leadership Program of the Rockies
    1777 So Harrison Suite 807
    Denver,CO80210     		  Public Charity general operating 20,000
    Longs Peak Council Inc Boy Scouts of America
    2215 23rd Avenue
    Greeley,CO80634     		  Public Charity general operating 15,000
    Lucy Burns Institute
    8383 Greenway Blvd Suite 600
    Middleton,WI53562     		  Public Charity general operating 35,000
    Manna - The Durango Soup Kitchen
    PO Box 1196
    Durango,CO81302     		  Public Charity program-specific 10,000
    Media Research Center
    1900 Campus Commons Drive Suite 600
    Reston,VA20191     		  Public Charity general operating 75,000
    Minds Matter of Denver
    1391 Speed Blvd Suite 710
    Denver,CO80204     		  Public Charity program-specific 15,000
    Mountain States Legal Foundation
    2596 South Lewis Way
    Lakewood,CO80227     		  Public Charity general operating 75,000
    Mt Carmel Center of Excellence
    530 Communication Circle
    Colorado Springs,CO80905     		  Public Charity general operating 100,000
    National Taxpayers Union Foundation
    122 C St NW Suite 650
    Washington,DC20001     		  Public Charity general operating 20,000
    Oklahoma Council of Public Affairs Inc
    1401 N Lincoln Blvd
    Oklahoma City,OK73104     		  Public Charity general operating 30,000
    Oklahoma Council of Public Affairs Inc
    1401 N Lincoln Blvd
    Oklahoma City,OK73104     		  Public Charity program-specific 100,000
    Pacific Legal Foundation
    930 G Street
    Sacramento,CA95814     		  Public Charity general operating 90,000
    Pacific Research Institute for Public Policy
    101 Montgomery St Suite 1300
    San Francisco,CA94104     		  Public Charity general operating 35,000
    Philanthropy Roundtable The
    1120 20th Street NW Suite 550 South
    Washington,DC20036     		  Public Charity general operating 75,000
    Pioneer Institute
    185 DEVONSHIRE STREET SUITE 1101
    BOSTON,MA02110     		  Public Charity general operating 30,000
    Playworks
    3980 Quebec Street
    Denver,CO80204     		  Public Charity general operating 10,000
    Publius Lex
    Montgomery Street
    San Francisco,CA97814     		  Public Charity general operating 500,000
    Reaching Out to Community and Kids
    PO Box 364
    Dove Creek,CO81324     		  Public Charity general operating 10,000
    San Luis Valley Development Resources Group
    610 State Avenue Suite 200 PO Box
    300
    Alamosa,CO81101     		  Public Charity program-specific 5,250
    Rural Young Americans Center for Financial Education Wray
    32415 Highway 34
    Wray,CO80758     		  Public Charity general operating 15,000
    San Miguel Mentoring Program
    PO Box 1574
    Telluride,CO81435     		  Public Charity general operating 10,000
    Save Our Youth
    3443 W 23rd Ave
    Denver,CO80211     		  Public Charity general operating 60,000
    Soccer Without Borders
    3001 8th Ave Suite 170
    Evans,CO80620     		  Public Charity general operating 7,500
    SOS Outreach
    PO Box 2020
    Avon,CO81620     		  Public Charity general operating 15,000
    Southeastern Legal Foundation
    560 West Crossville Road Suite 104
    Roswell,GA30075     		  Public Charity general operating 60,000
    State Policy Network
    1655 North Fort Myer Drive Suite
    360
    Arlington,VA22209     		  Public Charity general operating 80,000
    Summer Scholars
    3401 Quebec Street Suite 5010
    Denver,CO80207     		  Public Charity general operating 15,000
    Susan Samueli Center for Integrative Medicine - UC Irvine
    1111 Hewitt Hall
    Irvine,CA92697     		  Public Charity general operating 350,000
    Tax Foundation
    1325 G Street NW Suite 950
    Washington,DC20005     		  Public Charity general operating 40,000
    Team Rubicon
    6171 W Century Blvd Suite 310
    Los Angeles,CA90045     		  Public Charity general operating 100,000
    Buckeye Institute The
    88 East Broad Street Suite 1300
    Columbus,OH43215     		  Public Charity general operating 25,000
    Buddy Program The
    110 East Hallam Street
    Aspen,CO81611     		  Public Charity general operating 15,000
    Challenge Foundation The
    4545 S University Blvd
    Englewood,CO80113     		  Public Charity program-specific 15,000
    Heritage Foundation The
    214 Massachusetts Ave NE
    Washington,DC20002     		  Public Charity general operating 75,000
    Independent Institute The
    100 Swan Way
    Oakland,CA946211428     		  Public Charity general operating 60,000
    Other Side Academy The
    667 E 100 S
    Salt Lake City,UT84102     		  Public Charity capital 100,000
    Pregnancy Resource Center The
    PO Box 837
    Glenwood Spring,CO81602     		  Public Charity program-specific 23,000
    United States Olympic Museum
    PO Box 681
    Colorado Springs,CO80901     		  Public Charity capital 500,000
    University of Northern Colorado Foundation
    University of Northern Colorado
    Campus Box 20
    Greeley,CO80639     		  Public Charity program-specific 31,500
    Western Stock Show Association
    4655 Humboldt Street
    Denver,CO80216     		  Public Charity capital 500,000
    Wisconsin Institute for Law and Liberty Inc
    330 East Kilbourn Avenue Suite 725
    Milwaukee,WI53202     		  Public Charity general operating 25,000
    Women's Bean Project
    3201 Curtis St
    Denver,CO80205     		  Public Charity general operating 20,000
    Woodland Park Pregnancy Center
    PO Box 5166
    Woodland Park,CO80866     		  Public Charity general operating 10,000
    Wray Rehabilitation and Activities Center
    PO Box 447
    Wray,CO80758     		  Public Charity capital 5,000
    Yankee Institute for Public Policy
    216 Main Street
    Hartford,CT06791     		  Public Charity general operating 30,000
    Young America's Foundation
    217 State Street
    Santa Barbara,CA93101     		  Public Charity general operating 60,000
    Young Americans Center for Financial Education
    3550 East First Avenue
    Denver,CO80206     		  Public Charity general operating 30,000
    Youthentity
    PO Box 1989
    Carbondale,CO81623     		  Public Charity general operating 20,000
    YouthPower365
    PO Box 6550
    Avon,CO81620     		  Public Charity program-specific 15,000
    YouthRoots
    1127 Sherman St 100
    Denver,CO80203     		  Public Charity general operating 12,500
    Community Resource Center
    789 Sherman St Suite 210
    Denver,CO80203     		  Public Charity program-specific 5,000
    Total .................................bullet 3a 8,809,370
    bApproved for future payment
    ActivateIT
    1580 Logan Street Suite 740
    Denver,CO80203     		  Public Charity program-specific 500,000
    Publius Lex
    Montgomery Street
    San Francisco,CA97814     		  Public Charity general operating 900,000
    Susan Samueli Center for Integrative Medicine - UC Irvine
    1111 Hewitt Hall
    Irvine,CA92697     		  Public Charity general operating 1,350,000
    Total .................................bullet 3b 2,750,000
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 25,514  
    4 Dividends and interest from securities....     14 2,619,986  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......     16 750,528  
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....     14 726,976  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 3,797,434  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 7,920,438 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    7,920,438
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2018)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 AccountingFeesSchedule
    Name:
    Adolph Coors Foundation
    EIN:
    51-0172279
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Kundinger, Corder & Engle PC 27,300 8,190   19,110
    Paychex 3,175 0   3,175
    Lisa Ernst 4,031 2,337   1,694

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2018 ExpenditureResponsibilityStmt
    Name:
    Adolph Coors Foundation
    EIN:
    51-0172279
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    Draper Richards Kaplan Foundation
          		1600 El Camino Real Suite 155
    Menlo Park,CA94025     		2018-06-07 200,000 Programs and education 200,000 The Foundation is not aware of any diversion of funds. April 2019 2019-04-01 Grant funds were used as intended. The DRK Foundation became a public charity during 2019.

    TY 2018 GeneralExplanationAttachment
    Name:
    Adolph Coors Foundation
    EIN:
    51-0172279
    Identifier Return Reference Explanation
    Schedule of Controlled Entities Form 990-PF, Page 5, Part VII-A, Line 11 CC North Properties, LLC215 Saint Paul Street, Ste. 300Denver, CO 8020651-0172279The entity is not an excess business holding.

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    Adolph Coors Foundation
    EIN:
    51-0172279
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Marketable equity funds 99,118,160 117,601,052

    TY 2018 InvestmentsLandSchedule2
    Name:
    Adolph Coors Foundation
    EIN:
    51-0172279
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Land 2,913,306 0 2,913,306 2,913,306
    Building 9,193,720 1,284,074 7,909,646 12,150,000

    TY 2018 InvestmentsOtherSchedule2
    Name:
    Adolph Coors Foundation
    EIN:
    51-0172279
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Corsair IV, LP AT COST 461,629 1,285,039
    Pilothouse Venture Fund AT COST 1,838,588 8,321,597
    AMGIC VC Direct AT COST 85,751 1,721,989
    Global Special Opportunities AT COST 577,094 512,590
    Siguler Guff Opportunities Fund III AT COST 1,126,380 1,402,992
    SSGA Global Managed Volatility NL CTF AT COST 35,634,803 39,359,325
    Two Sigma Absolute Return Cayman LTD AT COST 6,000,000 8,344,897
    Monarch Capital Partners Offshore IV LP AT COST 1,597,320 1,806,559
    Davidson Kempner International (BVI) Ltd AT COST 5,000,000 5,658,480
    Siguler Guff Opportunities Fund IV AT COST 67,500 67,500
    Greenspring Global AT COST 600,000 608,050

    TY 2018 LandEtcSchedule2
    Name:
    Adolph Coors Foundation
    EIN:
    51-0172279
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Land 683,368 0 683,368 683,368
    Building and furniture 2,546,977 366,631 2,180,346 2,850,000
    Artwork 112,494 0 112,494 112,494


    TY 2018 LegalFeesSchedule
    Name:
    Adolph Coors Foundation
    EIN:
    51-0172279
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Tuthill & Hughes, LLP 9,752 1,457   8,295
    Polsinelli 2,925 0   2,925


    TY 2018 OtherExpensesSchedule
    Name:
    Adolph Coors Foundation
    EIN:
    51-0172279
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Office maintenance 2,368 0   2,368
    Telephone 15,589 0   15,589
    Postage 1,042 0   1,042
    Software 936 0   936
    Furniture (noncapitalized) 16,723 0   16,723
    Office supplies 5,914 0   5,914
    Business expenses & reimbursements 14,072 0   14,072
    Trustee expense reimbursements 3,857 0   3,857
    Pension management 2,423 0   2,423
    Professional development 21,303 0   21,303
    Dues, subscriptions & books 2,485 0   2,485
    Miscellaneous 3,961 0   555
    Tenant Improvements 64,469 64,469   0
    Website 31,881 0   31,881
    Insurance 13,557 0   13,557
    Foundation events 27,377 0   27,377
    Venture portfolio expenses 6,445 0   6,445
    Program development 3,200 0   3,200
    Property management 23,773 23,773   0
    Administrative 20,405 20,405   0


    TY 2018 OtherIncomeSchedule2
    Name:
    Adolph Coors Foundation
    EIN:
    51-0172279
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Pilothouse Venture Fund VII, LLLP -63,640 -63,640 -63,640
    Corsair IV, LP 15,549 15,549 15,549
    AMGIC VC Direct LLLP -23,664 -23,664 -23,664
    Global Special Opportunities Fund I LLLP 12,894 12,894 12,894
    SSGA Global Managed Volatility NL CTF 789,617 789,617 789,617
    Siguler Guff Small Buyout -7,651 -7,651 -7,651
    Other 3,871 3,871 3,871


    TY 2018 OtherLiabilitiesSchedule
    Name:
    Adolph Coors Foundation
    EIN:
    51-0172279
    Description Beginning of Year - Book Value End of Year - Book Value
    Security deposit 65,299 65,299
    Denver Occupational Tax 57 0


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    Adolph Coors Foundation
    EIN:
    51-0172279
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Ellwood Investment Consultants 108,918 108,918   0
    Northern Trust 140,709 140,709   0
    Bill Berryman 3,500 0   3,500
    Hoplin Jackson 314,293 157,146   157,147
    Pearl Meyer & Partners 17,363 0   17,363
    Wells Springs LLC 21,800 21,800   0


    TY 2018 TaxesSchedule
    Name:
    Adolph Coors Foundation
    EIN:
    51-0172279
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Denver Business Occupational Tax 216 0   216
    Excise tax payments 166,398 0   0
    Unrelated business income tax 753 0   0
    Property taxes 300,386 300,386   0