Form990-PF

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
2019
Open to Public Inspection
For calendar year 2019, or tax year beginning 07-01-2019 , and ending 06-30-2020
Name of foundation
Bonfils-Stanton Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)1033 Santa Fe Drive
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Denver, CO80204
A Employer identification number

84-6029014
B Telephone number (see instructions)

(303) 825-3774
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$82,660,886J 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      
4 Dividends and interest from securities... 429,726 429,726  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 4,110,569
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 4,093,237
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 797,026 807,490  
12 Total. Add lines 1 through 11........ 5,337,321 5,330,453  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 358,937 44,597   314,340
14 Other employee salaries and wages...... 187,501 5,077   182,424
15 Pension plans, employee benefits....... 156,463 13,366   143,097
16a Legal fees (attach schedule)......... Click to see attachment 10,626 0   10,626
b Accounting fees (attach schedule)....... Click to see attachment 21,800 4,360   17,440
c Other professional fees (attach schedule).... Click to see attachment 188,700 75,000   113,700
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 61,326 0   0
19 Depreciation (attach schedule) and depletion... 36,438 0  
20 Occupancy.............. 81,684 0   81,684
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 233,159 0   233,159
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,336,634 142,400   1,096,470
25 Contributions, gifts, grants paid....... 3,960,548 3,961,937
26 Total expenses and disbursements. Add lines 24 and 25 5,297,182 142,400   5,058,407
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 40,139
b Net investment income (if negative, enter -0-) 5,188,053
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2019)
Form 990-PF (2019)
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............. 200 293 293
2 Savings and temporary cash investments......... 768,374 922,339 922,339
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) bullet1,000,000
Less: allowance for doubtful accounts bullet0 1,000,000 1,000,000 1,000,000
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)....... 18,982,165 Click to see attachment19,466,255 25,778,496
c Investments—corporate bonds (attach schedule)....... 4,628,018 Click to see attachment5,076,874 5,381,081
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 43,563,366 Click to see attachment42,285,978 48,586,959
14 Land, buildings, and equipment: basis bullet1,439,872
Less: accumulated depreciation (attach schedule) bullet630,492 601,246 Click to see attachment809,380 809,380
15 Other assets (describe bullet) Click to see attachment138,067 Click to see attachment182,338 Click to see attachment182,338
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 69,681,436 69,743,457 82,660,886
Liabilities 17 Accounts payable and accrued expenses.......... 3,453  
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 attachment116,327 Click to see attachment141,662
23 Total liabilities (add lines 17 through 22)......... 119,780 141,662
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 69,561,656 69,601,795
29 Total net assets or fund balances (see instructions)..... 69,561,656 69,601,795
30 Total liabilities and net assets/fund balances (see instructions). 69,681,436 69,743,457
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 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
69,561,656
2
Enter amount from Part I, line 27a .....................
2
40,139
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
69,601,795
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 29 .
6
69,601,795
Form 990-PF (2019)
Form 990-PF (2019)
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 Davidson Kempner P    
b Incline Global P    
c Indus Asia P    
d Longleaf P    
e Pimco P    
Sanderson P    
Vanguard Dividend Growth Fund P    
Wellington Trust Fund P    
Edgewood Growth Fund P    
Farallon P    
GQG Partners Emerging Markets Equity Fund P    
Highclere P    
Legg Mason P    
Lexington Middle Market Investors III P    
Newport Asia P    
Och Ziff Overseas Fund P    
Less UBTI gain reported on 990T P 2020-06-30 2020-06-30
(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       312,361
b       198,827
c       596,501
d       -118,506
e       -22,201
      -267,032
      2,526,191
      460,576
      3,000
      141,186
      -102,324
      41,220
      55,121
      58,516
      124,586
      102,547
      -17,332
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       312,361
b       198,827
c       596,501
d       -118,506
e       -22,201
      -267,032
      2,526,191
      460,576
      3,000
      141,186
      -102,324
      41,220
      55,121
      58,516
      124,586
      102,547
      -17,332
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 4,093,237
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))
2018 3,418,411 80,672,455 0.042374
2017 4,380,626 83,710,099 0.052331
2016 4,001,130 78,376,800 0.051050
2015 3,809,638 77,218,584 0.049336
2014 4,521,468 81,441,116 0.055518
2
Total of line 1, column (d) .....................
2
0.250609
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
0.050122
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5......
4
80,600,474
5
Multiply line 4 by line 3......................
5
4,039,857
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
51,881
7
Add lines 5 and 6........................
7
4,091,738
8
Enter qualifying distributions from Part XII, line 4,.............
8
5,302,979
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 (2019)
Form 990-PF (2019)
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 51,881
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 51,881
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 51,881
6 Credits/Payments:
a 2019 estimated tax payments and 2018 overpayment credited to 2019 6a 52,775
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 52,775
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 10 894
11 Enter the amount of line 10 to be: Credited to 2020 estimated taxBullet894 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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 2019 or the taxable year beginning in 2019? 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 (2019)
    Form 990-PF (2019)
    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
     
    No
    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 instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletbonfils-stanton.org
    14
    The books are in care ofbulletAnn Hovland Telephone no.bullet (303) 825-3774

    Located atbullet1033 Santa Fe DriveDenverCO ZIP+4bullet80204
    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 2019, 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 2019?.............
    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 2019, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2019?.............
    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 2019 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 2019.)..................
    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 2019?
    4b
     
    No
    Form 990-PF (2019)
    Form 990-PF (2019)
    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
     
    No
    .........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
    Gary Steuer CEO/President
    40.00     		249,357 62,972 0
    1033 Santa Fe Drive
    Denver,CO80204
    Ann Hovland CFO/Treasurer/Secretary
    28.00     		103,080 21,108 0
    1033 Santa Fe Drive
    Denver,CO80204
    Harold R Logan Jr Chairman
    2.00     		1,000 0 0
    1033 Santa Fe Drive
    Denver,CO80204
    Deborah Jordy Trustee
    2.00     		750 0 0
    1033 Santa Fe Drive
    Denver,CO80204
    Maruca Salazar Trustee
    2.00     		250 0 0
    1033 Santa Fe Drive
    Denver,CO80204
    Elaine Mariner Trustee
    2.00     		0 0 0
    1033 Santa Fe Drive
    Denver,CO80204
    Michael E Bock Trustee
    2.00     		0 0 0
    1033 Santa Fe Drive
    Denver,CO80204
    Elaine D Torres Trustee
    2.00     		1,000 0 0
    1033 Santa Fe Drive
    Denver,CO80204
    Nita Mosby Tyler PhD Trustee
    2.00     		750 0 0
    1033 Santa Fe Drive
    Denver,CO80204
    Melissa Cheong Trustee
    2.00     		1,000 0 0
    1033 Santa Fe Drive
    Denver,CO80204
    Kent A Rice Trustee
    2.00     		1,000 0 0
    1033 Santa Fe Drive
    Denver,CO80204
    Mike Yankovich Trustee
    2.00     		750 0 0
    1033 Santa Fe Drive
    Denver,CO80204
    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
    Gina Ferrari Director, Grants Pro
    24.00     		81,142 17,411 0
    1033 Santa Fe Drive
    Denver,CO80204
    Monique M Loseke Executive Assistant
    40.00     		78,927 17,899 0
    1033 Santa Fe Drive
    Denver,CO80204
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2019)
    Form 990-PF (2019)
    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
    Monticello Associates Asset Management 75,000
    1800 Larimer Street Suite 2100
    Denver,CO80202
    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 N/A 0
    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 (2019)
    Form 990-PF (2019)
    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
    80,800,372
    b
    Average of monthly cash balances.......................
    1b
    1,027,520
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    81,827,892
    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
    81,827,892
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,227,418
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    80,600,474
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    4,030,024
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    4,030,024
    2a
    Tax on investment income for 2019 from Part VI, line 5......
    2a
    51,881
    b
    Income tax for 2019. (This does not include the tax from Part VI.)...
    2b
    256
    c
    Add lines 2a and 2b............................
    2c
    52,137
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,977,887
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    1,389
    5
    Add lines 3 and 4............................
    5
    3,979,276
    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
    3,979,276
    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
    5,058,407
    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
    244,572
    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
    5,302,979
    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
    51,881
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    5,251,098
    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 (2019)
    Form 990-PF (2019)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2018     		(c)
    2018     		(d)
    2019
    1 Distributable amount for 2019 from Part XI, line 7 3,979,276
    2 Undistributed income, if any, as of the end of 2019:
    a Enter amount for 2018 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2019:
    a From 2014......  
    b From 2015......  
    c From 2016...... 322,247
    d From 2017...... 289,154
    e From 2018......  
    fTotal of lines 3a through e........ 611,401
    4Qualifying distributions for 2019 from Part
    XII, line 4: bullet$ 5,302,979
    a Applied to 2018, but not more than line 2a 0
    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 2019 distributable amount..... 3,979,276
    e Remaining amount distributed out of corpus 1,323,703
    5 Excess distributions carryover applied to 2019. 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 1,935,104
    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 2018. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2019. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2020 ..........     		0
    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 2014 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2020.
    Subtract lines 7 and 8 from line 6a ......     		1,935,104
    10 Analysis of line 9:
    a Excess from 2015....  
    b Excess from 2016.... 322,247
    c Excess from 2017.... 289,154
    d Excess from 2018....  
    e Excess from 2019.... 1,323,703
    Form 990-PF (2019)
    Form 990-PF (2019)
    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 2019, 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) 2019 (b) 2018 (c) 2017 (d) 2016
             
    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:
    President
    1033 Santa Fe Drive
    Denver,CO80204
    (303) 825-3774
    bThe form in which applications should be submitted and information and materials they should include:
    Organizations seeking grants are requested to call the Foundation to discuss the potential funding requests before submitting a proposal. The Foundation accepts the Colorado Common Grant Application. Organizations are allowed to submit only one proposal in a calendar year.
    cAny submission deadlines:
    Last business day of the following months: January, April, July, and October.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Foundation resources are invested in organizations contributing to Denver's art and cultural community through four grant-making strategies: general operating support to arts organizations committed to excellence, innovation, and sustainability; project support to support new or ongoing projects that are exceptional for their artistic merit, innovation, collaborative design and/or targeted appropach to cultural participation; arts innovation grants for the development of ground-breaking approaches to creating and presenting art, engaging new audiences, and developing new organizational/business models to strengthen capacity and financial sustainability; and capital project grants for organizaitons with which the Foundation has an established relationship and for which 75% of the campaign goal has been achieved.
    Form 990-PF (2019)
    Form 990-PF (2019)
    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 Gallery
    909 Santa Fe Drive
    Denver,CO80204     		N/A pc DEI Opportunity Grant 5,000
    Art Students League of Denver
    200 Grant St
    Denver,CO802034020     		N/A pc Diversity in the Arts Internship Program 35,000
    Art Students League of Denver
    200 Grant St
    Denver,CO802034020     		N/A pc for general operating support 25,000
    Art Students League of Denver
    200 Grant St
    Denver,CO802034020     		N/A pc COVID-19 Emergency Response Grant 2,500
    Athena Project
    5761 S Youngfield St
    Littleton,CO801275210     		N/A pc to support monthly mobile art events through the #ArtFindsUs initiative 10,000
    Athena Project
    5761 S Youngfield St
    Littleton,CO801275210     		N/A pc COVID-19 Emergency Response Grant 1,000
    Augustana Arts
    5000 E Alameda Avenue
    Denver,CO802468104     		N/A pc to support Stratus Chamber Orchestra's 2019-2020 Season and the Splash into Arts summer series 15,000
    Augustana Arts
    5000 E Alameda Avenue
    Denver,CO802468104     		N/A pc COVID-19 Emergency Response Grant 1,500
    Baroque Chamber Orchestra of Colorado
    PO Box 200098
    Denver,CO802200098     		N/A pc for general operating support 15,000
    Baroque Chamber Orchestra of Colorado
    PO Box 200098
    Denver,CO802200098     		N/A pc COVID-19 Emergency Response Grant 1,500
    Bennie L Williams Spiritual Voices
    Po Box 100391
    Denver,CO802500391     		N/A pc DEI Opportunity Grant 5,000
    Black American West Museum & Heritage Center Inc
    3091 California Street
    Denver,CO80205     		N/A pc DEI Opportunity Grant 5,000
    Buntport Theater Company
    717 Lipan Street
    Denver,CO802044442     		N/A pc COVID-19 Emergency Response Grant 2,000
    Buntport Theater Company
    717 Lipan Street
    Denver,CO802044442     		N/A pc for general operating support 20,000
    Central City Opera House Association
    PO Box 1212
    Wheat Ridge,CO80034     		N/A pc COVID-19 Emergency Response Grant 6,000
    Central City Opera House Association
    PO Box 1212
    Wheat Ridge,CO80034     		N/A pc for general operating support 75,000
    Chicano Humanities and Arts Council
    772 Santa Fe Drive
    Denver,CO80204     		N/A pc DEI Opportunity Grant 5,000
    Cleo Parker Robinson Dance Theatre
    119 Park Ave West
    Denver,CO802053209     		N/A pc to support the Campaign for the Future 150,000
    Cleo Parker Robinson Dance Theatre
    119 Park Ave West
    Denver,CO802053209     		N/A pc for general operating support 50,000
    Cleo Parker Robinson Dance Theatre
    119 Park Ave West
    Denver,CO802053209     		N/A pc to support the Dance/USA Virtual Conference 10,000
    Cleo Parker Robinson Dance Theatre
    119 Park Ave West
    Denver,CO802053209     		N/A pc COVID-19 Emergency Response Grant 5,000
    Cleo Parker Robinson Dance Theatre (fiscal sponsor Run & Shout Film Work)
    119 Park Ave West
    Denver,CO802053209     		N/A pc to support the 2020 African American Film Festival: The Color of Conversation 4,000
    Colorado Ballet
    1075 Santa Fe Dr
    Denver,CO802043950     		N/A pc for general operating support 60,000
    Colorado Ballet
    1075 Santa Fe Dr
    Denver,CO802043950     		N/A pc COVID-19 Emergency Response Grant 6,000
    Colorado Celebration of African American Arts and Culture
    PO Box 300577
    Denver,CO802030577     		N/A pc DEI Opportunity Grant 5,000
    Colorado Children's Chorale
    2420 West 26th Avenue Suite 350-D
    Denver,CO802115362     		N/A pc for general operating support 40,000
    Colorado Children's Chorale
    2420 West 26th Avenue Suite 350-D
    Denver,CO802115362     		N/A pc COVID-19 Emergency Response Grant 4,000
    Colorado Dragon Boat Festival
    3000 Youngfield Street Suite 140
    Wheat Ridge,CO802156564     		N/A pc DEI Opportunity Grant 5,000
    Colorado Fine Arts Association
    13924 Pinehurst Cir
    Broomfield,CO800234551     		N/A pc DEI Oppotunity Grant 5,000
    Colorado Korean Chorus
    8973 E Cedar Hill Place
    Lone Tree,CO80124     		N/A pc DEI Opportunity Grant 5,000
    Rose Community Foundation
    600 S Cherry St Ste 1200
    Denver,CO802461712     		N/A pc To support the CPR/Denverite Initiative 50,000
    Colorado Nonprofit Association
    789 Sherman Street Suite 240
    Denver,CO802033553     		N/A pc to build the capacity of nonprofit leaders in the arts through professional development opportunities tailored for the unique needs of arts organizations 20,000
    Colorado Photographic Arts Center
    1070 Bannock St Suite 75
    Denver,CO802044058     		N/A pc for general operating support 15,000
    Colorado Photographic Arts Center
    1070 Bannock St Suite 75
    Denver,CO802044058     		N/A pc COVID-19 Emergency Response Grant 1,500
    Colorado Symphony Association
    Boettcher Concert Hall 1000 14th
    Street 15
    Denver,CO802022333     		N/A pc for general operating support 100,000
    Colorado Symphony Association
    Boettcher Concert Hall 1000 14th
    Street 15
    Denver,CO802022333     		N/A pc COVID-19 Emergency Response Grant 6,000
    Community-Minded Dance
    6445 E Ohio Ave Ste 150
    Denver,CO802241458     		N/A pc general operating support 10,000
    Community-Minded Dance
    6445 E Ohio Ave Ste 150
    Denver,CO802241458     		N/A pc COVID-19 Emergency Response Grant 1,000
    Control Group Productions
    1801 Brentwood Street
    Lakewood,CO802145923     		N/A pc to support THE END an immersive performance bus tour of Denver 10,000
    Control Group Productions
    1801 Brentwood Street
    Lakewood,CO802145923     		N/A pc COVID-19 Emergency Response Grant 1,000
    Curious Theatre Company
    1080 Acoma St
    Denver,CO802044035     		N/A pc for general operating support 45,000
    Curious Theatre Company
    1080 Acoma St
    Denver,CO802044035     		N/A pc COVID-19 Emergency Response Grant 4,500
    Denver Architectural Foundation
    3264 Larimer Street Suite D
    Denver,CO802053980     		N/A pc for general operating support 15,000
    Denver Architectural Foundation
    3264 Larimer Street Suite D
    Denver,CO802053980     		N/A pc COVID-19 Emergency Response Grant 1,500
    Denver Biennial of the Americas
    1550 Wewatta Street Suite 950
    Denver,CO802026299     		N/A pc COVID-19 Emergency Response Grant 5,000
    Denver Biennial of the Americas
    1550 Wewatta Street Suite 950
    Denver,CO802026299     		N/A pc to support Denver-Portal 15,000
    Denver Botanic Gardens
    909 York Street
    Denver,CO802063751     		N/A pc to support the Bonfils-Stanton Lecture Series 50,000
    Denver Botanic Gardens
    909 York Street
    Denver,CO802063751     		N/A pc COVID Emergency Response Grants 5,000
    Denver Digerati
    3500 Rockmont Dr
    Denver,CO802021070     		N/A pc COVID-19 Emergency Response Grant 1,500
    Denver Digerati
    3500 Rockmont Dr
    Denver,CO802021070     		N/A pc To support the Supernova Digital Animation Festival 15,000
    Denver Film Society
    1510 York St 3rd Floor
    Denver,CO802061430     		N/A pc to support the Mini-Festivals and Denver Film Festival Mini-Festival Sidebars 25,000
    Denver Film Society
    1510 York St 3rd Floor
    Denver,CO802061430     		N/A pc COVID-19 Emergency Response Grant 2,500
    Denver March Powwow Inc
    PO Box 19178
    Denver,CO802190178     		N/A pc DEI Opportunity Grant 5,000
    Denver Young Artists Orchestra
    1385 S Colorado Blvd Ste A722
    Denver,CO802223327     		N/A pc COVID-19 Emergency Response Grant 2,000
    Denver Young Artists Orchestra
    1385 S Colorado Blvd Ste A722
    Denver,CO802223327     		N/A pc for general operating support 20,000
    Fiesta Colorado Inc
    9536 Rustling Pines Trail
    Morrison,CO80465     		N/A pc DEI Opportunity Grant 5,000
    Filipino-American Community of Colorado
    1900 Harlan St
    Lakewood,CO802141169     		N/A pc DEI Opportunity Grant 5,000
    Flamenco Fantasy Dance Theatre Inc
    602 S Emerson St
    Denver,CO802094339     		N/A pc DEI Opportunity Grant 5,000
    Fractured Atlas (fiscal sponsor for Rainbow Militia)
    PO Box 55
    Hartsdale,NY10530     		N/A pc COVID-19 Emergency Response Grant 1,300
    Fractured Atlas (fiscal sponsor for Rainbow Militia)
    PO Box 55
    Hartsdale,NY10530     		N/A pc to support The Rainbow Militia Traveling Wagon 10,000
    Friends of Chamber Music
    191 University Blvd Ste 974
    Denver,CO802064613     		N/A pc to support Audience Development and Educational Outreach Programs 20,000
    Friends of Chamber Music
    191 University Blvd Ste 974
    Denver,CO802064613     		N/A pc COVID-19 Emergency Response Grant 2,000
    Grantmakers in the Arts
    522 Courtland Ave
    Bronx,NY104515008     		N/A pc for general operating support 10,000
    Harmony A Colorado Chorale
    Po Box 13256
    Denver,CO802014656     		N/A pc DEI Opportunity Grant 5,000
    KGNU (fiscal sponsor for No Credits Productions)
    4700 Walnut St
    Boulder,CO803012538     		N/A pc to support the Destination Freedom series 10,000
    KGNU (fiscal sponsor for No Credits Productions)
    4700 Walnut St
    Boulder,CO803012538     		N/A pc COVID-19 Emergency Response Grant 1,000
    Latino Cultural Arts Center
    2645 W 7Th Ave
    Denver,CO802044112     		N/A pc DEI Opportunity Grant 5,000
    Levitt Pavilion Denver
    1380 W Florida Ave
    Denver,CO802233618     		N/A pc for general operating support 15,000
    Levitt Pavilion Denver
    1380 W Florida Ave
    Denver,CO802233618     		N/A pc COVID-19 Emergency Response Grant 1,500
    Lighthouse Writers Workshop Inc
    1515 Race Street
    Denver,CO802061307     		N/A pc to support Story Fest Denver 25,000
    Lighthouse Writers Workshop Inc
    1515 Race Street
    Denver,CO802061307     		N/A pc COVID-19 Emergency Reponse Grant 2,500
    Mexican Cultural Center
    5350 Leetsdale Drive Suite 200W
    Denver,CO80246     		N/A pc COVID-19 Emergency Response Grant 2,500
    Mile High Freedom Bands
    216 S Grant St
    Denver,CO802091723     		N/A pc DEI Opportunity Grant 5,000
    Mile High United Way (fiscal sponsor for Community ACTS Fund)
    711 Park Avenue West
    Denver,CO80205     		N/A pc to support the Community ACTS Fund's cohort training series 50,000
    Mizel Arts and Culture Center
    350 S Dahlia St
    Denver,CO802468102     		N/A pc to support the 2019 JAAMM Festival and the Reimagining feasibility study 25,000
    Mizel Arts and Culture Center
    350 S Dahlia St
    Denver,CO802468102     		N/A pc COVID-19 Emergency Response Grant 1,500
    Museo de las Americas
    861 Santa Fe Drive
    Denver,CO802044344     		N/A pc COVID-19 Emergency Response Grant 4,500
    Museo de las Americas
    861 Santa Fe Drive
    Denver,CO802044344     		N/A pc for general operating support 35,000
    Museum of Contemporary Art Denver
    1485 Delgany Street
    Denver,CO80202     		N/A pc for general operating support 100,000
    Museum of Contemporary Art Denver
    1485 Delgany Street
    Denver,CO80202     		N/A pc COVID-19 Emergency Response Grant 6,000
    Opera Colorado
    4121 S Navajo St Ste 100
    Englewood,CO801104479     		N/A pc for general operating support 65,000
    Opera Colorado
    4121 S Navajo St Ste 100
    Englewood,CO801104479     		N/A pc COVID-19 Emergency Response Grant 6,000
    Phamaly Theatre Company
    3532 Franklin St Suite T2
    Denver,CO80205     		N/A pc for general operating support 25,000
    Phamaly Theatre Company
    3532 Franklin St Suite T2
    Denver,CO80205     		N/A pc COVID-19 Emergency Response Grant 2,500
    PlatteForum
    2400 Curtis St
    Denver,CO802052630     		N/A pc for general operating support 20,000
    PlatteForum
    2400 Curtis St
    Denver,CO802052630     		N/A pc COVID-19 Emergency Response Fund 2,000
    PlatteForum (fiscal sponsor for CRUSH Walls)
    2400 Curtis St
    Denver,CO802052630     		N/A pc to support 2019 CRUSH Walls 15,000
    PlatteForum (fiscal sponsor for CRUSH Walls)
    2400 Curtis St
    Denver,CO802052630     		N/A pc COVID-19 Emergency Response Fund 1,500
    RedLine
    2350 Arapahoe St
    Denver,CO802052613     		N/A pc for general operating support 25,000
    RedLine
    2350 Arapahoe St
    Denver,CO802052613     		N/A pc COVID-19 Emergency Response Grant 2,500
    RedLine
    2350 Arapahoe St
    Denver,CO802052613     		N/A pc to support the Arts in Society initiative 200,000
    RedLine (fiscal sponsor for Anti-Racist Club)
    2350 Arapahoe St
    Denver,CO802052613     		N/A pc to support the Anti-Racist Club's Re-Imagining Safety project in Denver 4,000
    Rocky Mountain Arts Association
    700 Colorado Blvd No 325
    Denver,CO802064084     		N/A pc DEI Opportunity Grant 5,000
    Rocky Mountain Public Media
    1089 Bannock St
    Denver,CO802044036     		N/A pc capital grant to support a new Kuvo performance studio within the Buell Public Media Center 250,000
    St Martin's Chamber Choir
    2015 Glenarm Place
    Denver,CO802053121     		N/A pc for general operating support 10,000
    St Martin's Chamber Choir
    2015 Glenarm Place
    Denver,CO802053121     		N/A pc COVID-19 Emergency Response Grant 1,000
    Stories on Stage
    2590 Walnut St Ste 8
    Boulder,CO803025700     		N/A pc for general operating support 10,000
    Stories on Stage
    2590 Walnut St Ste 8
    Boulder,CO803025700     		N/A pc COVID-19 Emergency Response Grant 1,000
    Su Teatro
    721 Santa Fe Dr
    Denver,CO802044428     		N/A pc for general operating support 35,000
    Su Teatro
    721 Santa Fe Dr
    Denver,CO802044428     		N/A pc COVID-19 Emergency Response Grant 3,500
    Swallow Hill Music Association
    71 East Yale Ave
    Denver,CO802105736     		N/A pc for general operating support 30,000
    Swallow Hill Music Association
    71 East Yale Ave
    Denver,CO802105736     		N/A pc COVID-10 Emergency Response Grant 3,000
    Tesoro Cultural Center
    19192 Highway 8
    Morrison,CO804658731     		N/A pc DEI Opportunity Grant 5,000
    The Children's Museum of Denver
    2121 Childrens Museum Dr
    Denver,CO802115221     		N/A pc COVID-19 Emergency Response Grant 3,000
    The Children's Museum of Denver
    2121 Childrens Museum Dr
    Denver,CO802115221     		N/A pc to support arts engagement and education programming 30,000
    The Denver Art Museum
    100 West 14th Avenue Parkway
    Denver,CO802042713     		N/A pc to support Vision 2021: North Building Renovation 350,000
    The Denver Brass Inc
    2253 N Downing St
    Denver,CO802055234     		N/A pc for general operating support 15,000
    The Denver Brass Inc
    2253 N Downing St
    Denver,CO802055234     		N/A pc COVID-19 Emergency Response Grant 1,500
    The Denver Foundation
    55 Madison Street 8th Floor
    Denver,CO802065419     		N/A pc for the COVID-19 Arts & Culture Relief Fund 1,000,000
    The HadaNou Collective (fiscal sponsor for Vocal Coalition)
    3533 N Marion Street
    Denver,CO80205     		N/A pc to support the work of Vocal Coalition 10,000
    The HadaNou Collective (fiscal sponsor for Vocal Coalition)
    3533 N Marion Street
    Denver,CO80205     		N/A pc COVID-19 Emergency Response Grant fbo Vocal Coalition 1,000
    Tunas Mekar Inc
    Po Box 12284
    Denver,CO802120284     		N/A pc DEI Opportunity Grant 5,000
    University of Denver
    2199 S University Blvd
    Denver,CO802104711     		N/A pc Newman Center Community Connections Initiative 25,000
    University of Denver
    2199 S University Blvd
    Denver,CO802104711     		N/A pc COVID-19 Emergency Response Grant 2,500
    University of Denver
    2199 S University Blvd
    Denver,CO802104711     		N/A pc to support Institute for Leaders in Development 7,000
    Warm Cookies of the Revolution
    576 Gilpin Street
    Denver,CO80218     		N/A pc to support the "Virtual Gift Basket" project 4,000
    West Community Economic Development Corp (BuCu West)(fiscal sponsor for D3
    4200 Morrison Rd Unit 3
    Denver,CO80219     		N/A pc to develop a business plan for D3 Arts to inform its trajectory as an independent 501c3 4,000
    Wonderbound
    2535 East 40th Avenue
    Denver,CO802053601     		N/A pc capital grant for a permanent performance and rehearsal facility 150,000
    Wonderbound
    2535 East 40th Avenue
    Denver,CO802053601     		N/A pc for general operating support 60,000
    Wonderbound
    2535 East 40th Avenue
    Denver,CO802053601     		N/A pc COVID-19 Emergency Response Grant 6,000
    Youth Employment Academy
    Po Box 40305
    Denver,CO802040305     		N/A pc DEI Opportunity Grant 5,000
    Youth on Record
    1301 W 10th Ave
    Denver,CO80204     		N/A pc COVID-19 Emergency Response Grant 1,000
    Youth on Record
    1301 W 10th Ave
    Denver,CO80204     		N/A pc unrestricted support 10,000
    Black Cube
    18 Inverness Place East
    Englewood,CO801125622     		N/A POF COVID-19 Emergency Response Grant 1,000
    Ara Cruz
    6885 W 91st Ct 23202
    Westminster,CO80021     		N/A Individual Livingston Fellowship for advanced professional development 3,683
    Art Students League of Denver
    200 Grant St
    Denver,CO802034020     		N/A pc Employee Matching Gift Program 390
    Big Brothers Big Sisters of Colorado Inc
    750 W Hampden Ave Ste 450
    Englewood,CO80110     		N/A pc Employee Matching Gift Program 100
    Colorado Children's Chorale
    2420 West 26th Avenue Ste 350-D
    Denver,CO802115362     		N/A pc Employee Matching Gift Program 278
    Denver Botanic Gardens
    909 York Street
    Denver,CO802063751     		N/A pc Employee Matching Gift Program 86
    Denver School of the Arts Friends Foundation
    7111 Montview Blvd
    Denver,CO80220     		N/A pc Employee Matching Gift Program 500
    Downtown Aurora Visual Arts
    1405 Florence Street
    Aurora,CO80010     		N/A pc Employee Matching Gift Program 200
    Food Bank of the Rockies
    10700 E 45th Ave
    Denver,CO80239     		N/A pc Employee Matching Gift Program 200
    Graland Country Day School
    30 Birch St
    Denver,CO80220     		N/A pc Employee Matching Gift Program 500
    Kent Denver Country Day School
    4000 East Quincy Ave
    Denver,CO80113     		N/A pc Employee Matching Gift Program 750
    Museum of Contemporary Art Denver
    1485 Delgany St
    Denver,CO80202     		N/A pc Employee Matching Gift Program 200
    New Era Colorado Foundation
    907 Acoma
    Denver,CO80204     		N/A pc Employee Matching Gift Program 250
    Parkinson Association of the Rockies
    1325 S Colorado Blvd Ste 204B
    Denver,CO80222     		N/A pc Employee Matching Gift Program 50
    The Denver Foundation
    55 Madison Street 8th Floor
    Denver,CO802065419     		N/A pc Employee Matching Gift Program 750
    Wonderbound
    2535 East 40th Avenue
    Denver,CO802053601     		N/A pc Employee Matching Gift Program 200
    Boulder Museum of Contemporary Art
    1750 13Th St
    Boulder,CO803026226     		N/A pc Livingston Fellowship to support the advanced professional development of David Dadone 17,500
    Boulder Museum of Contemporary Art
    1750 13Th St
    Boulder,CO803026226     		N/A pc Organizational Support Grant related to David Dadone's participation in the Livingston Fellowship Program 5,000
    Center for Health Progress
    1245 E Colfax Unit 202
    Denver,CO802180877     		N/A pc Livingston Fellowship to support the advanced professional development of Joe M. Sammen 12,500
    Colorado Circles for Change
    430 West 9th Avenue
    Denver,CO802044527     		N/A pc Organizational Support Grant related to Angell Perez's participation in the Livingston Fellowship Program 10,000
    Colorado Circles for Change
    430 West 9th Avenue
    Denver,CO802044527     		N/A pc Livingston Fellowship to support the advanced professional development of Angell Perez 12,500
    Museo de las Americas
    861 Santa Fe Drive
    Denver,CO802044344     		N/A pc Livingston Fellowship to support the advanced professional development of Claudia Moran Pitchardo 17,500
    Museo de las Americas
    861 Santa Fe Drive
    Denver,CO802044344     		N/A pc Support Grant related to Claudia Moran Pitchardo's participation in Livingston Fellowship Program 10,000
    Prodigy Ventures Inc
    3801 E 40Th Ave
    Denver,CO802053845     		N/A pc Livingston Fellowship to support the advanced professional development of Stephanie Frances 17,500
    Prodigy Ventures Inc
    3801 E 40Th Ave
    Denver,CO802053845     		N/A pc Support Grant related to Stephanie Frances' participation in Livingston Fellowship Program 5,000
    Second Chance Center
    9722 E 16Th Ave
    Aurora,CO800102275     		N/A pc Livingston Fellowship to support the advanced professional development of Hassan Latif 17,500
    The Family CenterLa Familia
    309 Hickory Street 5
    Fort Collins,CO805241106     		N/A pc Livingston Fellowship to support the advanced professional development of Deirdre A. Sullivan 12,500
    Warm Cookies of the Revolution
    576 Gilpin Street
    Denver,CO80218     		N/A pc Livingston Fellowship to support the advanced professional development of Evan Weissman 12,500
    West Community Economic Development Corp (BuCu West)
    4200 Morrison Rd Unit 3
    Denver,CO80219     		N/A pc Livingston Fellowship to support the advanced professional development of Jose Esparza 17,500
    West Community Economic Development Corp (BuCu West)
    4200 Morrison Rd Unit 3
    Denver,CO80219     		N/A pc Support Grant related to Jose Esparza's participation in Livingston Fellowship Program 10,000
    Colorado Nonprofit Association
    789 Sherman Street Suite 240
    Denver,CO802033553     		N/A pc Bronze Sponsor of the 2020 Colorado Nonprofit Awards Luncheon 1,500
    Colorado Business Committee for the Arts
    789 Sherman St Ste 280
    Denver,CO802033553     		N/A pc to sponsor the Arts + Impact Investing Forum 1,500
    Colorado Business Committee for the Arts
    789 Sherman St Ste 280
    Denver,CO802033553     		N/A pc Patron sponsor of the 2020 Business for the Arts Awards 2,500
    Total .................................bullet 3a 3,961,937
    bApproved for future payment
    Boulder Museum of Contemporary Art
    1750 13th Street
    Boulder,CO80302     		N/A pc Johnston R. Livingston Fellowship for advanced professional development of David Dadone 17,500
    Museo de las Americas
    861 Santa Fe Dr
    Denver,CO802044344     		N/A pc Johnston R. Livingston Fellowship for advanced professional development of Claudia Moran Pitchardo 17,500
    Prodigy Ventures Inc
    3801 E 40th Ave
    Denver,CO802053845     		N/A PC Johnston R. Livingston Fellowship for advanced professional development of Stephanie Frances 17,500
    Second Chance Center
    9722 E 16Th Ave
    Aurora,CO80010     		N/A pc Johnston R. Livingston Fellowship for advanced professional development of Hassan Latif 17,500
    West Community Economic Development Corp (BuCu West)
    4200 Morrison Rd Unit 3
    Denver,CO80219     		N/A pc Johnston R. Livingston Fellowship for advanced professional development of Jose Esparza 17,500
    Street Fraternity Inc
    8720 E Colfax Ave
    Denver,CO80220     		N/A pc Johnston R. Livingston Fellowship for advanced professional development of Yoal Kidane Ghebremeskel 12,500
    Asian Pacific Development Ctr
    1537 Alton Street
    Aurora,CO80010     		N/A pc Johnston R. Livingston Fellowship for advanced professional development of Harry Budisiharta 12,500
    Street's Hope
    PO Box 19416
    Denver,CO80219     		N/A pc Johnston R. Livingston Fellowship for advanced professional development of Nina Martinez 12,500
    Denver Youth Program dba Metro Denver Partners
    701 South Logan Street Ste 109
    Denver,CO802094199     		N/A pc Johnston R. Livingston Fellowship for advanced professional development of Francisco Gallardo 12,500
    Total .................................bullet 3b 137,500
    Form 990-PF (2019)
    Form 990-PF (2019)
    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 ...........     		         
    4 Dividends and interest from securities....     14 429,726  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....     14 807,490  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 4,110,569  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aLoss reported on Form 990-T     		523000 -10,464      
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. -10,464 5,347,785 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    5,337,321
    (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 (2019)
    Form 990-PF (2019)
    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 (2019)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description