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
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
THE CIELO FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)6658 GUNPARK DRIVE NO 202A
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BOULDER, CO80301
A Employer identification number

26-1166378
B Telephone number (see instructions)

(303) 449-4707
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$100,598,041J 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) 69,756
2 Check bullet.............
3 Interest on savings and temporary cash investments 968,455 968,455  
4 Dividends and interest from securities... 828,031 809,795  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 3,898,179
b Gross sales price for all assets on line 6a 25,167,844
7 Capital gain net income (from Part IV, line 2)... 3,898,179
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 -2,061,195 -2,064,882  
12 Total. Add lines 1 through 11........ 3,703,226 3,611,547  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 60,000 0   30,000
14 Other employee salaries and wages...... 24,234 0   12,117
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 24,000 24,000   0
c Other professional fees (attach schedule).... Click to see attachment 413,269 409,730   1,769
17 Interest............... 401 0   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 257,545 30,812   3,617
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 260,542 251,311   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,039,991 715,853   47,503
25 Contributions, gifts, grants paid....... 6,031,205 6,031,205
26 Total expenses and disbursements. Add lines 24 and 25 7,071,196 715,853   6,078,708
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -3,367,970
b Net investment income (if negative, enter -0-) 2,895,694
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
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............. 20,315 9,204 9,204
2 Savings and temporary cash investments......... 6,681,989 2,355,562 2,355,562
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)....... 25,612,441 Click to see attachment27,790,122 37,008,558
c Investments—corporate bonds (attach schedule)....... 31,486,010 Click to see attachment30,856,708 33,260,563
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 30,926,640 Click to see attachment29,434,736 27,114,154
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment100,000 Click to see attachment850,000 Click to see attachment850,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 94,827,395 91,296,332 100,598,041
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 attachment28,148 Click to see attachment39,417
23 Total liabilities (add lines 17 through 22)......... 28,148 39,417
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 94,799,247 91,256,915
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 94,799,247 91,256,915
30 Total liabilities and net assets/fund balances (see instructions). 94,827,395 91,296,332
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
94,799,247
2
Enter amount from Part I, line 27a .....................
2
-3,367,970
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
91,431,277
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
174,362
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
91,256,915
Form 990-PF (2020)
Form 990-PF (2020)
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 SHORT TERM SALES - 3476 P    
b LONG TERM SALES - 3476 P    
c SHORT TERM SALES - 3477 P    
d LONG TERM SALES - 3477 P    
e SHORT TERM SALES - 3478 P    
LONG TERM SALES - 3478 P    
SHORT TERM SALES - 5554 P    
LONG TERM SALES - 5554 P    
SHORT TERM SALES - 2479 P    
LONG TERM SALES - 2479 P    
SHORT TERM SALES - 7561 P    
LONG TERM SALES - 7561 P    
EDGE PRINCIPAL INVESTMENTS LP D    
EDGE PRINCIPAL INVESTMENTS II LP D    
EDGE PRINCIPAL INVESTMENTS III LP D    
GMB MEZZANINE CAPITAL II LP D    
GMB MEZZANINE CAPITAL II LP D    
RENEWAL3 US LP D    
EDGE PRINCIPAL INVESTMENTS IV LP D    
NEW SUMMIT IMPACT FUND II-B LP D    
EDGE PRINCIPAL INVESTMENTS III LP PASSTHROUGH 1231 D    
HGI BSW FUND II LLC PASSTHROUGH 1231 D    
HGI BSW FUND III LLC PASSTHROUGH 1231 D    
HGI OPPORTUNITY SELECT FUND IV LLC PASSTHROUGH 1231 D    
LS POWER FUND III FEEDER 1 LP PASSTHROUGH 1231 D    
LS POWER PARTNERS II LP PASSTHROUGH 1231 D    
MIMG BSW FUND III LLC PASSTHROUGH 1231 D    
(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 1,342,652   1,318,160 24,492
b 1,097,920   1,046,597 51,323
c 194,017   188,343 5,674
d 128,839   130,127 -1,288
e 1,488,486   1,441,558 46,928
1,272,675   1,205,898 66,777
1,049,445   1,008,694 40,751
6,878,498   6,181,889 696,609
721,442   666,138 55,304
1,552,663   1,055,865 496,798
689,903   625,646 64,257
6,805,626   6,394,981 410,645
    3,737 -3,737
501     501
1,487     1,487
2     2
    1,962 -1,962
22,978     22,978
628,495     628,495
73,989     73,989
707,898     707,898
4,210     4,210
4,770     4,770
2,007     2,007
    70 -70
416,747     416,747
82,594     82,594
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       24,492
b       51,323
c       5,674
d       -1,288
e       46,928
      66,777
      40,751
      696,609
      55,304
      496,798
      64,257
      410,645
      -3,737
      501
      1,487
      2
      -1,962
      22,978
      628,495
      73,989
      707,898
      4,210
      4,770
      2,007
      -70
      416,747
      82,594
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 3,898,179
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
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
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 for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 40,250
c All other domestic foundations enter 1.39% 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 40,250
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 40,250
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 117,782
b Exempt foreign organizations—tax withheld at source...... 6b 0
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.............. 7 117,782
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 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 77,532
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet77,532 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 the instructions
for the 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 2020 or the taxable year beginning in 2020? 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 (2020)
    Form 990-PF (2020)
    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 addressbulletNA
    14
    The books are in care ofbulletDANETTE TYE Telephone no.bullet (303) 449-4707

    Located atbullet6658 GUNPARK DRIVE SUITE 202ABOULDERCO ZIP+4bullet80301
    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 2020, 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 2020?.............
    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 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    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 2020 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 2020.)..................
    3b
     
    No
    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 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
     
     
    .........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).
    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
    ALAN COGEN VICE PRESIDENT
    3.00     		30,000 0 0
    6658 GUNPARK DRIVE 202A
    BOULDER,CO80301
    JUDITH COGEN PRESIDENT
    3.00     		30,000 0 0
    435 OAKWOOD PLACE
    BOULDER,CO80304
    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
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
    NONE
    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 ROCKY MOUNTAIN MICROFINANCE PROGRAM RELATED LOAN 100,000
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet100,000
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
    93,620,892
    b
    Average of monthly cash balances.......................
    1b
    820,976
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    94,441,868
    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
    94,441,868
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,416,628
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    93,025,240
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    4,651,262
    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
    4,651,262
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    40,250
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    40,250
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    4,611,012
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    4,611,012
    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
    4,611,012
    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
    6,078,708
    b
    Program-related investments—total from Part IX-B..................
    1b
    100,000
    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
    6,178,708
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    6,178,708
    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 (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 4,611,012
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 1,806,788
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 6,178,708
    a Applied to 2019, but not more than line 2a 1,806,788
    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 2020 distributable amount..... 4,371,920
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 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 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		239,092
    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 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 2020, 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) 2020 (b) 2019 (c) 2018 (d) 2017
             
    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:
    CIELO SCHOLARSHIP FUND
    6658 GUNPARK DRIVE SUITE 202A
    BOULDER,CO80301
    (303) 449-4707
    bThe form in which applications should be submitted and information and materials they should include:
    NAME/GENERAL INFO NAME OF SCHOOL AND/OR CERTFICATE OF INTEREST APPROXIMATE COST OF PROGRAM AND BOOKS PROGRAM START AND END DATE ESSAY PROMPT RESPONSE LETTERS OF RECOMMENDATION FASFA, LATEST YEAR TAX RETURN OR PREVIOUS YEAR FINANCIAL STATEMENTS OTHER INFORMATION AVAILABLE UPON REQUEST
    cAny submission deadlines:
    N/A
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NEEDS BASED, AMOUNT OF SCHOLARSHIP NOT TO EXCEED $20,000, FOR TRADE SCHOOL CANDIDATES (RATHER THAN TRADITIONAL COLLEGE), RECIPIENTS MUST ATTEND CLASS, RECEIVE PASSING GRADES AND A CERTIFICATE OF COMPLETION
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
    EMILY GRIFFITH TECHNICAL COLLEGE
    1860 LINCOLN ST 3RD FLOOR
    DENVER,CO80203     		NA PC SCHOLARSHIP 934
    AIMS COMMUNITY COLLEGE
    5401 20TH ST
    GREELEY,CO80634     		NA PC SCHOLARSHIP 6,201
    APEX TECH SCHOOL
    24-02 QUEENS PLAZA S
    LONG ISLAND CITY,NY11101     		NA PC SCHOLARSHIP 3,900
    COMMUNITY COLLEGE OF AURORA
    710 ALTON WAY
    DENVER,CO80230     		NA PC SCHOLARSHIP 5,501
    FRONT RANGE COMMUNITY COLLEGE
    3645 W 112TH AVE
    WESTMINSTER,CO80031     		NA PC SCHOLARSHIP 3,451
    IBMC COLLEGE
    3842 S MASON ST
    FORT COLLINS,CO80525     		NA PC SCHOLARSHIP 47,744
    SECOND CHANCE CENTER
    9722 E 16TH AVE
    AURORA,CO80010     		NA PC SCHOLARSHIP 15,864
    TECHTONIC GROUP INC
    2000 CENTRAL AVE SUITE 100
    BOULDER,CO80301     		NA CORPORATION GRANT 30,000
    RED ROCKS COMMUNITY COLLEGE
    13300 W 6TH AVE FRONTAGE RD
    LAKEWOOD,CO80228     		NA PC SCHOLARSHIP 2,342
    GALS INC
    750 GALAPAGO ST
    DENVER,CO80204     		NA CORPORATION SCHOLARSHIP 4,224
    ARAPAHOE COMMUNITY COLLEGE
    5900 S SANTA FE DR
    LITTLETON,CO80120     		NA PC SCHOLARSHIP 1,908
    AVEDA INSTITUE DENVER
    81 KALAMATH ST
    DENVER,CO80204     		NA CORPORATION SCHOLARSHIP 8,000
    PIKES PEAK COMMUNITY COLLEGE
    5675 S ACADEMY BLVD
    COLORADO SPRINGS,CO80906     		A PC SCHOLARSHIP 2,054
    LINCOLN COLLEGE OF TECHNOLOGY
    11194 E 45TH AVE
    DENVER,CO80239     		NA PC SCHOLARSHIP 5,457
    BOULDER TEC
    6600 ARAPAHOE RD
    BOULDER,CO80303     		NA PC SCHOLARSHIP 125
    BOULDER COMMUNITY HEALTH FOUNDATION
    4860 RIVERBEND RD
    BOULDER,CO80301     		NA PC DONATION 100,000
    UNIVERSITY OF COLORADO FOUNDATION
    1800 GRANT STREET SUITE 275
    DENVER,CO80203     		NA PC DONATION 100,000
    MAYORS FUND TO ADVANCE NYC
    253 BROADWAY 6TH FLOOR
    NEW YORK,NY10007     		NA PC DONATION 150,000
    WEILL MEDICAL COLLEGE OF CORNELL
    1300 YORK AVENUE
    NEW YORK,NY10065     		NA PC DONATION 250,000
    FIDELITY CHARITABLE GIFT FUND
    101 CROSBY PARKWAY
    COVINGTON,KY41015     		NA PC DONATION 5,293,500
    Total .................................bullet 3a 6,031,205
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
    aNA          
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 968,455  
    4 Dividends and interest from securities....     14 828,031  
    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 49,874  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 3,898,179  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aEDGE PRINCIPAL INVESTMENTS II, LLC PASSTHROUGH INCOME     		    34 -4,700  
    bEDGE PRINCIPAL INVESTMENTS II, LLC PASSTHROUGH RENTAL INCOME     34 -15,469  
    cEDGE PRINCIPAL INVESTMENTS III, LLC PASSTHROUGH INCOME     34 -467,409  
    dEDGE PRINCIPAL INVESTMENTS III, LLC PASSTHROUGH RENTAL INCOME     34 -601,284  
    eEDGE PRINCIPAL INVESTMENTS IV, LLC PASSTHROUGH INCOME     34 -63,349  
    fEDGE PRINCIPAL INVESTMENTS IV, LLC PASSTHROUGH RENTAL INCOME     34 -3,647  
    gEDGE PRINCIPAL INVESTMENTS, LLC PASSTHROUGH INCOME     34 -104,068  
    hEDGE PRINCIPAL INVESTMENTS, LLC PASSTHROUGH RENTAL INCOME     34 -4,680  
    iGMB MEZZANINE CAPITAL II PASSTHROUGH INCOME     34 -3,883  
    jHGI BSW FUND I PASSTHROUGH RENTAL INCOME     34 -463  
    kHGI BSW FUND II PASSTHROUGH INCOME     34 -762  
    lHGI BSW FUND II PASSTHROUGH OTHER INCOME     34 528  
    mHGI BSW FUND II PASSTHROUGH RENTAL INCOME     34 -901  
    nHGI BSW FUND III PASSTHROUGH RENTAL INCOME     34 -6,328  
    oHGI OPPORTUNITY SELECT FUND IV PASSTHROUGH INCOME     34 -1,701  
    pHGI OPPORTUNITY SELECT FUND IV PASSTHROUGH RENTAL INCOME     34 -10,708  
    qLS POWER FUND III FEEDER 1 PASSTHROUGH INCOME     34 -861,925  
    rLS POWER FUND III FEEDER 1 PASSTHROUGH RENTAL INCOME     34 -86,357  
    sLS POWER PARTNERS II PASSTHROUGH INCOME     34 -20,840  
    tMIMG BSW FUND II PASSTHROUGH RENTAL INCOME     34 59,368  
    12 Subtotal. Add columns (b), (d), and (e).. 0 3,633,470 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    3,633,470
    (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 (2020)
    Form 990-PF (2020)
    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 instructions.
    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 (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    THE CIELO FOUNDATION
     
    Employer identification number

    26-1166378
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    THE CIELO FOUNDATION
          		Employer identification number
    26-1166378
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    ESTATE OF LEE COGEN
     
    435 OAKWOOD PLACE
     
    BOULDER, CO80304

    		$ 69,756


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    THE CIELO FOUNDATION
          		Employer identification number

    26-1166378
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    THE CIELO FOUNDATION
          		Employer identification number

    26-1166378
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    THE CIELO FOUNDATION
    EIN:
    26-1166378
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 24,000 24,000   0

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    THE CIELO FOUNDATION
    EIN:
    26-1166378
    Name of Bond End of Year Book Value End of Year Fair Market Value
    NEW YORK ST DORM AUTH 10,007 10,902
    NEW YORK ST DORM AUTH 11,642 12,620
    NEW YORK ST DORM AUTH 66,924 74,270
    OREGON ST GO BDS SER 165,016 188,841
    NEW YORK ST DORM AUTH 90,002 90,717
    ONTARIO CALIF INTL ARPT AUTH REV 249,565 264,545
    ONONDAGA NY CIVIC DEV CORP 245,017 246,482
    ONTARIO CALIF PENSION OBLIG 37,636 37,848
    ONTARIO CALIF PENSION OBLIG 91,389 91,916
    NEW YORK ST DORM AUTH 54,859 56,867
    NEW YORK ST URBAN DEV CORP 313,437 346,821
    NEW YORK ST MTG 130,011 139,373
    WILLIAMSON JACKSON ETC 54,199 59,959
    WILLIAMS COS INC DEL NOTE 74,044 69,814
    WORCESTER MASS G.O. BDS 27,944 29,041
    NORRISTOWN PA TAXABLE GO 80,019 87,090
    OVID ELSIE MICH AREA SCHS TAZABLE GO ULTD 50,013 54,477
    NORTH CAROLINA EASTN MUN PWR AGY 95,610 99,055
    NORTHERN ARIZ UNIV REVS TAXABLE 137,070 146,511
    NORTHERN ARIZ UNIV REVS TAXABLE 238,596 255,038
    NEWBURGH CITY NY TAXABLE 25,014 25,682
    WHITTIER CALIF REDEV 26,264 28,052
    NUSHARES ETF TR ESG 165,406 305,874
    WESTERN PLACER CALIF UNI SCH CTFS PARTN 9,981 10,604
    NEWARK NJ GO BDS SER 2019 252,225 269,463
    OCONTO WIS WATER WORKS 320,643 328,575
    NEWARK NJ GO BDS SER 2019 55,495 59,282
    NEWARK NJ GO BDS SER 65,563 68,936
    WESTERN PLACER CALIF UNI SCH 14,919 15,918
    NEW YORK ST MTG 83,819 85,139
    ONEIDA CNTY NY LOC DEV CORP 30,005 30,314
    NEW YORK ST MTG 55,011 60,994
    NEW YORK ST MTG 215,014 235,711
    STATE PUB SCH BLDG 149,715 150,584
    WEST MIFFLIN PA GO TAXABLE BDS SER 10,012 10,604
    SANTA CLARA VY CALIF WTR DIST WTR SYS REV 60,011 67,679
    SANTA PAULA CALIF UTIL AUTH WASTEWTR 45,012 46,530
    SAPULPA OKLA MUN AUTH UTIL 20,012 20,479
    SAPULPA OKLA MUN AUTH UTIL 70,014 71,483
    TULSA OKLA ARPTS IMPT TR GENL REV 86,411 89,746
    TULARE CNTY CALIF PENSION OBLIG 27,256 28,416
    SCHENECTADY NY METROPLEX DEV 105,013 111,115
    TRANSBAY JT PWRS AUTH 10,010 10,226
    TOLEDO HOSPITAL 134,540 138,407
    SEMITROPIC IMPT DIST 55,011 59,475
    TMC3 DEV CORP 155,018 154,871
    SHREVEPORT LA ARPT SYS 32,061 32,751
    SMITHSONIAN INSTITUTION 25,327 25,615
    SANTA CLARA VY CALIF WTR DIST WTR SYS REV 55,011 62,039
    TEVA PHARMACEUTICAL FIN CO 24,762 25,313
    SOUTH DAKOTA ST HEALTH & EDL 35,018 37,761
    SOUTH GATE CALIF ITIL WTR REV 55,012 58,134
    SOUTH GATE CALIF ITIL WTR REV 50,012 52,850
    SOUTH JERSEY TRANSN AUTH N J TRANSN SYS 14,936 15,803
    SOUTH JERSEY TRANSN AUTH N J TRANSN SYS 54,542 58,209
    SOUTHERN CALIF EDISON CO 34,267 35,143
    SYLACAUGA ALA GO WTS SER 14,257 16,256
    STOCKTON CALIF PUB 100,016 106,191
    STEPHEN F AUSTIN ST UNIV TEX 185,016 209,505
    STATE PUB SCH BLDG 130,015 134,706
    TEVA PHARMACEUTICAL FIN CO 19,772 20,250
    SAN LUIS UNIT/WESTLANDS WTR 61,912 63,578
    SAN DIEGO CALIF TOB SETTLEMENT 24,954 26,788
    PARTNERS GROUP PRIVATE EQUITY 3,550,000 4,202,351
    WATSON PHARMACEUTICALS INC 10,268 10,296
    PENN HILLS PA 96,786 107,185
    PENNSYLVANIA ECONOMIC DEV 15,010 15,663
    PENNSYLVANIA ECONOMIC DEV 100,567 102,759
    PENNSYLVANIA ECONOMIC DEV 111,983 113,125
    PENNSYLVANIA ST TPK COMMN OIL FRANCHISE 20,047 21,669
    PHILADELPHIA PA REDEV AUTH 46,666 52,661
    POMONA CALIF PENSION OBLIG 20,020 21,387
    VINELAND N J ELEC UTIL 105,015 115,935
    PUBLIC FIN AUTH WIS REV 125,839 132,216
    PUERTO RICO MUN FIN AGY 10,000 10,186
    READING PA TAXABLE GO BDS 205,016 206,843
    READING PA TAXABLE GO BDS 30,015 30,395
    STATE PUB SCH BLDG 100,018 101,378
    RHODE ISLAND HSG & MTG FIN CORP TAXABLE 30,013 29,887
    SAN DIEGO CALIF REDEV 57,137 62,198
    SAN BERNARDINO CALIF CITY UNI SCH DIST 10,012 10,240
    SALES TAX SECURIZATION CORP 70,910 83,737
    SACRAMENTO CALIF PENSION 57,348 62,372
    UNIVERSIRT CALIF REVS GEN REV BDS 100,344 109,403
    UNIVERSITY SOUTH ALA UNIV 270,016 317,966
    OYSTER BAY NY TAXABLE 118,845 121,164
    UNIVERSITY TEX UNIV REV 165,079 184,225
    UNIVERSITY TEX UNIV REV 33,190 37,313
    UTAH ST BRD REGENTS 49,646 53,168
    RIVERSIDE CNTY CALIF 17,045 17,068
    RHODE ISLAND ST COMM CORP REV FEDERALLY 30,012 33,983
    UNIVERSITY SOUTH ALA UNIV 45,012 49,805
    LA SALLE & BUREAU CNTYS ILL 101,129 102,634
    NEW YORK N Y CITY 55,009 58,823
    COUNTRY CLUB HILLS ILL PK DIST 19,904 20,381
    COOK AND WILL CNTYS ILL CMNTY 70,740 80,723
    CONNECTICUT ST HSG FIN AUTH 100,015 110,755
    CONNECTICUT ST GO BDS 231,918 245,177
    CONNECTICUT ST GO BDS 237,189 250,749
    CONNECTICUT ST GO BDS 52,713 55,722
    CONNECTICUT ARPT AUTH CUSTOMER FAC 15,236 16,353
    CONNECTICUT ARPT AUTH CUSTOMER FAC 15,327 16,372
    CRESTWOOD VLG ILL TAXABLE 30,011 31,165
    COMMONSPIRIT HEALTH 2019 BOND 42,120 43,923
    COLUMBUS FRANKLIN CNTY OHIO FIN AUTH 176,101 187,520
    COLUMBUS FRANKLIN CNTY OHIO FIN AUTH 134,668 143,398
    COLUMBUS FRANKLIN CNTY OHIO FIN AUTH 53,380 55,087
    COLORADO HSG & FIN 35,008 36,821
    COLORADO HSG & FIN 30,011 31,616
    COLORADO HEALTH FACS AUTH 10,096 10,658
    COMMUNITY CAPITAL TRUST INSTL 6,201,159 6,414,580
    DETROIT MICH CITY SCH 32,630 33,329
    DOUGLAS CNT NEB SCH 71,626 70,284
    DOUGLAS CNT NEB SCH 135,019 140,596
    HAMDEN CONN TAXABLE GO 20,285 20,585
    NEW YORK N Y CITY TRANSITIONAL FIN 20,010 21,597
    GOLDMAN SACHS BK 250,000 261,315
    GARY IND CMNT SCH BLDG 120,016 125,861
    GARDENA CALIF PENSION OBLIG 10,013 10,558
    GARDENA CALIF PENSION OBLIG 25,010 26,464
    FISHERS IND ECONOMIC DEV REV 26,325 28,075
    FAYETTEVILLE GA PUB 70,014 77,248
    EVERGREEN PARK ILL GO TAXABLE BDS 58,979 62,498
    EVERGREEN PARK ILL GO TAXABLE BDS 53,618 56,816
    ENTERGY TEXAS INC 224,401 226,557
    EAST PEORIA ILL GO BDS 212,521 222,733
    CINCINNATI OHIO CNTY SCHOOL 11,106 11,450
    HAMDEN CONN TAXABLE GO 65,011 66,903
    CHOWCHILLA CALIF TAXABLE PENSION OBLI 255,013 274,497
    BIOGEN INC NOTE 176,498 184,494
    BIOGEN INC NOTE 55,474 57,984
    BERKS CNTY PA INDL DEV AUTH HEALTHCARE 34,961 35,071
    BERKS CNTY PA INDL DEV AUTH HEALTHCARE 9,992 10,020
    BEAUMONT CALIF PUB IMPT 65,014 65,374
    BAYONNE N J GENERAL IMPT 75,709 81,356
    BALDWIN PK CALIF PENSION OBLIG 61,204 67,610
    BALDWIN PK CALIF PENSION OBLIG 245,014 270,225
    ARKANSAS RIVER PWR AUTH 107,271 112,093
    BIRMINGHAM ALA WTRWKS 155,000 155,000
    ARIZONA INDL DEV AUTH 50,482 50,979
    AMERICAN WTR CAP CORP 33,822 38,891
    ALLENTOWN PA CITY SCH DIST 15,018 16,480
    ALLENTOWN PA CITY SCH DIST 225,012 243,594
    ALLENTOWN PA CITY SCH DIST 150,131 153,125
    ALLENTOWN PA CITY SCH DIST 10,011 10,599
    ALABAMA CMNTY COLLEGE 119,330 127,082
    AKRON OHIO CTFS 40,014 42,350
    ARIZONA BRD REGENTS UNIV 245,018 281,250
    BOONE MCHENRY & DEKALB CNTYS ILL 260,017 268,973
    BRIDGEPORT CONN TAXABLE GO 20,627 21,193
    CHOWCHILLA CALIF TAXABLE PENSION OBLI 35,010 38,375
    CHICAGO ILL TRAN AUTH 71,068 73,434
    CHICAGO ILL MIDWAY ARPT REV 46,392 49,096
    CHICAGO ILL GO BDS SER 2015 54,881 60,850
    CHICAGO ILL GO BDS SER 2015 149,612 162,268
    CHICAGO ILL GO BDS SER 2010 129,164 143,009
    CELGENE CORP 55,138 61,697
    CATHOLIC HEALTH INITIATIVES BOND 14,854 15,667
    CAPISTRANO CALIF UNI SCH DIST CTFS PARTN 50,595 54,213
    CAMBRIA CNTY PA TAXABLE 35,010 35,808
    CALIFORNIA ST GO BDS 244,614 291,666
    CALIFORNIA INFRASTRUCTURE 180,017 201,217
    CALEXICO CALIF CMNTY REDEV 40,012 42,168
    CALEXICO CALIF CMNTY REDEV 120,017 126,505
    CALATLANTIC GROUP INC 20,179 20,325
    CALATLANTIC GROUP INC 50,445 50,813
    BUNGE LTD FIN 187,429 209,597
    BUFFALO ST COLLEGE FNDTN 41,068 42,056
    BROOKHAVEN NY LOC 113,797 117,571
    CHRISTUS HEALTH 105,772 118,567
    HAMILTON OHIO CMTY 255,016 278,019
    GRANITE CITY ILL TAXABLE GO BDS SER 102,805 112,547
    HAWAIIAN GARDENS CALIF REDEV AGY 268,784 296,390
    MICHIGAN FIN AUTH REV 40,015 44,758
    MIAMI GARDENS FLA CTFS 63,098 66,205
    METROPOLITAN PIER & EXPO 16,008 16,010
    MATTESON ILL GO DEBT 26,246 30,671
    MASSACHUSETTS ST GO BDS 30,529 32,102
    MASSACHUSETTS ST DEV FIN 55,005 63,174
    MASSACHUSETTS ST DEV FIN 27,576 29,389
    MARYLAND ST HEALTH & HIGHER EDL 34,079 38,484
    MARSHFIELD CLINIC HLTH SYS INC 45,223 47,163
    MARIN CALIF CMTY COLLEGE DIST GO BDS 315,016 364,335
    MARIN CALIF CMTY COLLEGE DIST GO BDS 245,012 281,941
    LYNN HAVEN FLA REV 39,439 40,321
    LYNN HAVEN FLA REV 49,244 50,250
    LOUISIANA ST UNIV & AGRIC & MECHANICAL 195,011 206,448
    LOUISIANA LOC GOVT ENVIRONMENTAL FACS 25,952 26,409
    LOS ANGELES CNTY CALIF REDEV 53,074 54,292
    HAMILTON TWP MERCER CNTY N J SWR UTIL GO 51,378 51,626
    LAS CRUCES N MEX ST SHARED GROSS RCPTS 50,032 50,060
    LANSING MICH TAX INCREMENT FIN AUTH 130,015 138,516
    LAKE CNTY ILL CMTY UNIT 56,093 59,074
    LAKE CNTY ILL CMTY UNIT 50,643 55,828
    MINNESOTA ST HSG 55,013 57,385
    MINNESOTA ST HSG 120,010 124,376
    MINNESOTA ST HSG FIN AGY 25,008 25,459
    MINNESOTA ST HSG FIN AGY 15,011 15,209
    NEW YORK N Y CITY 20,010 20,736
    NEW YORK N Y CITY 75,014 76,186
    NEW JERSEY ST EDL FACS AUTH 147,434 153,622
    NEW JERSEY ECONOMIC DEV 19,412 19,879
    NEW JERSEY ECONOMIC DEV 14,921 16,029
    NEW JERSEY ECONOMIC DEV 126,473 135,336
    NEW HAVEN CONN GO 41,134 47,069
    NEW HAVEN CONN FEDERALLY TAXABLE GO 80,198 85,894
    NEW HAVEN CONN FEDERALLY TAXABLE GO 205,638 235,344
    NEW HAVEN CONN FEDERALLY TAXABLE GO 22,344 23,408
    LAKE CNTY ILL CMTY UNIT 45,977 49,382
    MT VERNON IND SCH BLDG CORP 65,018 68,287
    MOULTON ALA WTR WKS BRD 51,366 50,416
    MOULTON ALA WTR WKS BRD 51,366 50,416
    MOSAIC CO 20,144 20,900
    MOSAIC CO 25,206 26,125
    MONTEREY CNTY CALIF REGL FIRE DIST 48,762 52,927
    MONTEREY CNTY CALIF REGL FIRE DIST 105,011 115,751
    MONTEBELLO CALIF UNI SCH 55,981 55,211
    MONTEBELLO CALIF PENSION OBLIG 100,800 104,942
    MUSKEGON MICH TAXABLE 175,018 182,102
    LOS ANGELES CALIF UNI SCH DIST GO BDS 127,382 141,594
    KNOX & WARREN COUNTYS 30,000 30,000
    ILLINOIS ST GO BDS SER 2019 15,132 15,947
    ILLINOIS ST GO BDS SER 2019 59,149 63,381
    ILLINOIS ST GO BDS SER 2019 100,808 107,137
    ILLINOIS ST GO BDS SER 2019 21,515 23,048
    ILLINOIS ST GO BDS SER 2013 11,127 10,351
    ILLINOIS ST GO BDS 81,012 86,422
    ILLINOIS ST GO BDS 50,419 53,158
    ILLINOIS ST GO BDS 176,430 188,116
    ILLINOIS ST GO BDS 51,481 53,295
    ILLINOIS FIN AUTH ACADEMIC 150,014 158,970
    ILLINOIS FIN AUTH ACADEMIC 15,016 16,284
    HOWARD UNIV 2020 BOND 36,819 36,527
    HOWARD UNIV 2020 BOND 10,010 10,154
    HOWARD UNIV 2020 BOND 10,526 10,436
    HAWAIIAN GARDENS CALIF REDEV AGY 58,652 64,667
    HAWAIIAN GARDENS CALIF REDEV AGY 175,015 194,037
    INGLEWOOD CALIF JT PWRS AUTH 55,017 61,514
    INGLEWOOD CALIF JT PWRS AUTH 200,015 221,548
    YSLETA TEX INDPT SCH DIS 217,861 222,467
    IOWA FIN AUTH SINGLE FAMILY 240,014 255,370
    KLICKITAT CNTY WASH 105,018 114,797
    KERR MCGEE CORP BOND 118,278 94,634
    KENTUCKY ST PPTY & BLDGS 35,000 37,686
    KENTUCKY ST PPTY & BLDGS 11,647 12,562
    KENTUCKY ECONOMIC DEV 55,902 55,339
    KENTUCKY ECONOMIC DEV 46,203 50,720
    KENTUCKY ASSN OF CNTYS FIN CORP FING 90,017 93,803
    KENDALL KANE & WILL CNTYS ILL CMTY UNIT 104,209 112,289
    JOPLIN MO INDL DEV AUTH 90,014 95,632
    JONESVILLE LA UTIL 45,011 45,175
    JOHNSON CONTROLS INTERNATION NOTE 71,252 79,483
    JOPLIN MO INDL DEV AUTH 90,014 95,333

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE CIELO FOUNDATION
    EIN:
    26-1166378
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABB LTD 64,658 96,798
    HANNON ARMSTRONG SUSTAINABLE INFL 151,213 429,294
    SANOFI SPONSORED 58,953 68,415
    HALLIBURTON CO COM 66,971 78,719
    GLAXOSMITHKLINE PLC 77,087 70,914
    GARMIN LTD COM 83,281 94,890
    SCHNEIDER ELECTRIC 61,575 107,690
    SECOM CO 89,717 92,618
    SHAW COMMUNICATIONS INC 74,817 68,941
    SHERWIN WILLIAMS CO 56,445 95,538
    SALESFORCE COM INC 174,237 251,904
    ILLINOIS TOOL WORKS INC COM 91,951 93,785
    ROCHE HLDG LTD 268,130 264,929
    ROCHE HOLDIINGS ADR 105,127 131,525
    ROPER TECHNOLOGIES INC 81,790 79,752
    ROYAL BANK OF CANADA MONTREAL 83,684 90,266
    S&P GLOBAL INC COM 53,772 73,307
    HEXCEL CORP COM 168,108 145,325
    IHS MARKIT LTD 61,221 93,513
    SAINSBURY SPONS 74,915 91,612
    HONG KONG EXCHANGES & CLEARING UNSP 105,984 114,831
    HONDA MOTOR LTD AMERN SHS 115,576 129,046
    HOME DEPOT INC 100,547 136,529
    SALESFORCE COM INC 143,226 115,716
    ILLUMINA INC COM 151,282 203,500
    SHINHAN FINANCIAL GROUP 117,398 114,576
    FIRST SOLAR INC COM 112,250 281,823
    EATON CORP 63,057 100,197
    EAST WEST BANCORP INC 182,091 221,096
    EAST JAPAN RAILWAY CO 151,321 132,835
    STARBUCKS CORP 69,437 96,068
    DISNEY WALT CO 120,855 163,787
    STARBUCKS CORP 134,134 199,625
    DBS GROUP HLDGS LTD 112,030 120,118
    DAIMLER AG UNSP 112,683 148,999
    CSL LTD SPON ADR 96,405 99,425
    DEUTSCHE POST 80,475 87,463
    FISERV INC 70,285 78,222
    ECOLAB INC 77,209 81,135
    SHOPIFY INC COM 94,355 98,480
    FIDELITY NATL INFORMATION SERVICES 87,439 80,066
    SIEMENS AG SPON 199,727 267,237
    SIEMENS AG SPON 93,777 95,406
    SMC SPN ADR 78,512 85,239
    SMITH A O CORP 118,935 150,207
    FACEBOOK INC 173,791 254,312
    ECOLAB INC 174,487 195,806
    EXELON CORP COM 111,182 103,861
    SONIC HEALTHCARE SPON 88,959 91,843
    ESSILOR LUXOTTICA 71,260 82,558
    EQUINIX INC 72,061 64,990
    SONY CORP 80,031 101,909
    ENBRIDGE INC COM 90,681 88,388
    EMERSON ELECTRIC CO 80,782 104,561
    ELI LILLY AND CO COM 63,592 91,005
    EVERSOURCE ENERGY COM 110,897 123,104
    CREE INC 128,149 294,932
    IMPALA PLATINUM HOLDINGS 50,474 75,295
    OMNICELL COM 146,599 251,682
    MERCK AND CO INC NEW COM 245,341 261,269
    MERCK AND CO INC NEW COM 91,230 91,207
    MEDTRONIC PLC 85,583 92,423
    MEDICAL PROPERTIES TRUST 94,023 109,647
    MCDONALDS CORP 97,457 103,642
    MCCORMICK AND CO INC COM 177,516 239,956
    NVIDIA CORPORATION 150,625 136,816
    MCCORMICK AND CO INC COM 52,785 64,434
    MASTERCARD INC CL A 239,319 357,297
    MASTERCARD INC CL A 102,640 133,853
    MASCO CORP COM 44,121 65,312
    ORMAT TECHNOLOGIES INC 204,877 314,806
    LULULEMON ATHLETICA INC 70,895 62,297
    MATTHES ASIA ESG FD 246,990 349,414
    PALO ALTO NETWORKS INC 218,794 429,311
    MICROSOFT CORP 304,720 532,251
    NOVOZYMES AS UNSP ADR EACH REP 1 SER B 145,657 191,082
    NESTLE S A SPN 124,502 148,497
    MUENCHENER RUECKVERSICHERUNGS 87,926 88,708
    MSCI INC COM 150,689 280,867
    NEW YORK TIMES CO CL A 168,562 289,187
    NIKE INC CLASS B COM 70,180 112,893
    MOBILE TELESYSTEMS 86,474 84,220
    NOVO NORDISK 96,301 101,771
    NIKE INC CLASS B COM 184,990 328,493
    LOWES COMPANIES INC 50,178 85,712
    PAX MSCI INTL ESG INDEX 1,050,382 1,404,458
    KAO CORP 82,237 79,387
    JP MORGAN CHASE CO 156,537 182,727
    PROLOGIS INC 169,368 229,716
    PRUDENTIAL ADR 94,261 107,268
    JOHNSON & JOHNSON COM 157,485 161,472
    JD.COM INC 77,380 82,187
    ITRON INC 120,731 214,624
    RECKITT BENCKISER GROUP 76,785 67,909
    RECRUIT HOLDINGS CO LTD 80,802 88,864
    INTEL CORP COM 90,175 86,089
    KBC GROUP NV UNSPONSORED 210,696 255,954
    PPG INDUSTRIES INC 75,791 101,098
    PAYCHEX INC 76,723 92,341
    LOREAL UNSPON ADR 65,552 74,535
    LONDON STOCK EXCHANGE GROUP 75,198 76,775
    LEGRAND S A 81,730 105,630
    PAYPAL HLDGS INC 208,502 451,069
    PAYPAL HLDGS INC 67,051 139,115
    PROCTOR & GAMBLE CO 106,375 138,444
    PEMBINA PIPELINE CORP 69,528 65,112
    KONINKLIJKE PHILIPS N V NY REG SH NEW 87,907 97,723
    PENUMBRA INC 187,549 197,575
    PEPSICO INC 101,172 105,441
    PFIZER INC 84,729 88,565
    PING AN INSURANCE GROUP COMPANY 157,195 184,001
    XYLEM INC COM 227,159 307,609
    CREDIT SUISSE GRP ADR 99,892 117,286
    ETSY INC 92,711 358,133
    BLACKBAUD INC 233,088 206,813
    AMAZON.COM INC 259,453 459,227
    BROADCOM INC 70,356 117,344
    BRISTOL MYERS SQUIBB CO 62,066 74,808
    VANGUARD FTSE SOCIAL 1,153,523 1,953,155
    BRIGHT HORIZONS 187,947 286,298
    ALPHABET INC 276,903 436,407
    VEREIT INC COM 98,591 109,100
    VERISK ANALYTICS INC 90,743 97,982
    BOOKING HLDGS INC 61,869 80,182
    VERISK ANALYTICS INC 96,499 148,219
    VERIZON COMMUNICATIONS 84,157 83,014
    VERSUS CAPITAL 1,718,261 1,767,442
    AMERICAN EXPRESS CO 85,043 84,637
    BOSTON SCIENTIFIC CORP 77,529 66,256
    ALPHABET INC 376,245 389,086
    ALLIANZ SE UNSPON 98,263 111,047
    CALVERT US MID CAP CORE 210,827 327,708
    CALVERT INTL OPPTY FD I 212,831 275,256
    CALVERT EMRG MKTS EQTY 467,843 676,244
    UNILEVER PLC 322,289 354,917
    UNION PACIFIC CORP 61,592 74,126
    UNITEDHEALTH GROUP 115,965 164,118
    WHEATON PRECIOUS METALS 45,094 92,412
    CADENCE DESIGN SYSTEMS INC 81,175 95,365
    VF CORP COM 180,209 204,557
    AMERICAN TOWER CORP 75,175 65,991
    AUTODESK INC 132,342 258,623
    AMGEN INC 91,202 81,622
    AMPHENOL CORP CLASS A 81,644 95,331
    AT&T INC 85,221 82,426
    ASTRAZENECA 217,962 238,702
    ASTRAZENECA 59,363 76,385
    ASML HOLDING 149,533 351,158
    ASML HOLDING 64,469 164,362
    ASE TECHNOLOGY 92,192 138,642
    ANALOG DEVICES INC 86,957 105,775
    WEST JAPAN RAILWAY 73,471 73,942
    APTIV PLC 137,524 258,626
    AXA SA SPON ADR 75,398 87,164
    BANCO BRADESCO SA 67,853 91,666
    VIATRIS INC 4,758 5,585
    VINCI ADR 91,429 90,514
    AMERICAN TOWER CORP 187,797 202,014
    BECTON DICKINSON & CO 191,496 202,928
    VISA INC COM 121,863 154,424
    VIVENDI SA UNSPON 74,538 83,662
    BARCLAYS PLC 81,486 118,092
    BANK OF AMERICA 112,668 121,179
    WABTEC COM 182,243 181,463
    AMERICAN WATER WORKS 209,515 291,900
    WEST PHARMACEUTICAL SERVICES INC 83,139 82,160
    UNICHARM 49,925 77,863
    APPLE INC 258,719 770,265
    CHIPOTLE MEXICAN GRILL 74,510 74,882
    ADOBE INC 132,047 239,557
    TEXAS INSTRUMENTS INC 85,611 95,688
    CISCO SYS INC 119,958 98,092
    ALIBABA GROUP HOLDING 132,298 199,217
    CITIGROUP INC 121,490 116,722
    ADOBE INC 153,028 144,035
    TAIWAN SEMICONDUCTOR 153,614 295,389
    ACCENTURE PLC 81,647 86,983
    COCA COLA CO 104,766 98,438
    TENARIS S.A. SPONS 104,921 147,617
    TELKOM INDONESIA 76,752 91,728
    TELENOR ASA 100,808 89,687
    ABBVIE INC 73,547 97,078
    ABBOTT LABORATORIES 78,436 110,694
    TE CONNECTIVITY LTD 78,021 94,798
    TC ENERGY CORP 81,949 71,016
    TAKEDA PHARMACEUTICAL CO 67,787 68,632
    COMCAST CORP NEW CL 86,640 105,796
    TAIWAN SEMICONDUCTOR 75,393 216,990
    CHINA OVERSEAS LAND AND INVESTMENTS 96,939 65,895
    CHINA MERCHANTS BANK CO 72,810 95,992
    STEEL DYNAMICS INC 71,606 88,525
    CAPITAL ONE FINANCIAL CORP 91,938 104,682
    CARLSBERG AS SPONSORED 100,421 115,901
    WPP PLC AMERICAN DEPOSITARY SHS 76,610 100,481
    AIA GROUP LTD 119,004 146,828
    CHINA CONSTRUCTION BANK UNSP 133,583 128,350
    TRAVELERS COMPANIES INC 223,143 248,174
    AGILENT TECHNOLOGIES INC 70,326 80,929
    SVB FINL GROUP 186,119 375,807
    TOYOTA MOTOR CORP 103,550 133,085
    SUN LIFE FINANCIALS INC 88,843 92,788
    SYNOPSYS INC 85,403 96,956
    COMMONWEALTH BANK OF AUSTRALIA 114,411 139,265
    TRANE TECHNOLOGIES PLC 225,943 363,771
    TPI COMPOSITES INC 74,442 237,827

    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE CIELO FOUNDATION
    EIN:
    26-1166378
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    EDGE PRINCIPAL INVESTMENTS IV AT COST 2,282,491 2,492,441
    RENEWALS AT COST 1,472,640 903,290
    NEW SUMMIT IMPACT FUND AT COST 801,309 899,397
    HGI AIF SELECT I AT COST 105,158 102,524
    HGI BSW FUND I AT COST 242,309 0
    GMB MEZZANINE AT COST 304,825 196,669
    HGI BSW FUND II AT COST 111,814 94,299
    HGI BSW FUND III AT COST 212,081 186,132
    HGI OPPORTUNITY SELECT FUND IV AT COST 308,710 274,630
    MIMG BSW FUND II AT COST 144,067 291,829
    MIMG XL HARBOR POINTE AT COST 10,844 2
    WDE PARTNERS LP AT COST 425,789 191,454
    MIMG XLI SHERWOOD FOREST AT COST 43,423 50,000
    MIMG XLV TOWN AND COUNTRY AT COST 77,506 90,000
    MIMG XXVII HS MASTER AT COST 31,526 26,420
    LS POWER FUND III FEEDER I AT COST 4,613,961 10,040,904
    LS POWER PARTNERS II AT COST 3,293,386 90,725
    BELVEDERE HOLDINGS AT COST 2 2
    EDGE PRINCIPAL INVESTMENTS AT COST 1,287,649 50,422
    EDGE PRINCIPAL INVESTMENTS II AT COST 4,781,017 1,054,265
    EDGE PRINCIPAL INVESTMENTS III AT COST 8,641,036 9,875,790
    MIMG BSW FUND III AT COST 152,152 200,455
    MIMG XXXVII CE MASTER AT COST 91,041 2
    MIMG XLI COUNTRY ESTATES AT COST 0 2,500
    MIMG XXXII EDEN PARK AT COST 0 2

    TY 2020 OtherAssetsSchedule
    Name:
    THE CIELO FOUNDATION
    EIN:
    26-1166378
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PROGRAM RELATED LOAN 100,000 100,000 100,000
    CALVERT IMPACT CAPITAL LOAN 0 750,000 750,000


    TY 2020 OtherDecreasesSchedule
    Name:
    THE CIELO FOUNDATION
    EIN:
    26-1166378
    Description Amount
    BOOK/TAX DIFFERENCE ON CONTRIBUTED ASSETS 174,362


    TY 2020 OtherExpensesSchedule
    Name:
    THE CIELO FOUNDATION
    EIN:
    26-1166378
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK FEES 332 332   0
    INSURANCE 2,000 0   0
    TELEPHONE -198 0   0
    WEBSITE 2,668 0   0
    LICENSES 10 0   0
    PAYROLL EXPENSE 420 0   0
    FLOW THROUGH N/D EXPENSES 1,370 0   0
    K-1 DEDUCTIONS 250,979 250,979   0
    OFFICE SUPPLIES 2,961 0   0


    TY 2020 OtherIncomeSchedule2
    Name:
    THE CIELO FOUNDATION
    EIN:
    26-1166378
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    FIDELITY BROKERAGE 2479 11,363 11,363 11,363
    FIDELITY BROKERAGE 5554 5,089 5,089 5,089
    FIDELITY BROKERAGE 7561 33,422 33,422 33,422
    EDGE PRINCIPAL INVESTMENTS II, LLC PASSTHROUGH INCOME -4,700 -4,700 -4,700
    EDGE PRINCIPAL INVESTMENTS II, LLC PASSTHROUGH RENTAL INCOME -15,469 -15,469 -15,469
    EDGE PRINCIPAL INVESTMENTS III, LLC PASSTHROUGH INCOME -467,409 -467,409 -467,409
    EDGE PRINCIPAL INVESTMENTS III, LLC PASSTHROUGH RENTAL INCOME -601,284 -601,284 -601,284
    EDGE PRINCIPAL INVESTMENTS IV, LLC PASSTHROUGH INCOME -63,349 -63,349 -63,349
    EDGE PRINCIPAL INVESTMENTS IV, LLC PASSTHROUGH RENTAL INCOME -3,647 -3,647 -3,647
    EDGE PRINCIPAL INVESTMENTS, LLC PASSTHROUGH INCOME -104,068 -104,068 -104,068
    EDGE PRINCIPAL INVESTMENTS, LLC PASSTHROUGH RENTAL INCOME -4,680 -4,680 -4,680
    GMB MEZZANINE CAPITAL II PASSTHROUGH INCOME -3,883 -3,883 -3,883
    HGI BSW FUND I PASSTHROUGH RENTAL INCOME -463 -463 -463
    HGI BSW FUND II PASSTHROUGH INCOME -762 -762 -762
    HGI BSW FUND II PASSTHROUGH OTHER INCOME 528 528 528
    HGI BSW FUND II PASSTHROUGH RENTAL INCOME -901 -901 -901
    HGI BSW FUND III PASSTHROUGH RENTAL INCOME -6,328 -6,328 -6,328
    HGI OPPORTUNITY SELECT FUND IV PASSTHROUGH INCOME -1,701 -1,701 -1,701
    HGI OPPORTUNITY SELECT FUND IV PASSTHROUGH RENTAL INCOME -10,708 -10,708 -10,708
    LS POWER FUND III FEEDER 1 PASSTHROUGH INCOME -861,925 -861,925 -861,925
    LS POWER FUND III FEEDER 1 PASSTHROUGH RENTAL INCOME -86,357 -86,357 -86,357
    LS POWER PARTNERS II PASSTHROUGH INCOME -20,840 -20,840 -20,840
    MIMG BSW FUND II PASSTHROUGH RENTAL INCOME 59,368 59,368 59,368
    MIMG BSW FUND III PASSTHROUGH RENTAL INCOME 5,424 5,424 5,424
    MIMG XL HARBOR POINTE PASSTRHOUGH RENTAL INCOME 3,105 3,105 3,105
    MIMG XLI COUNTRY ESTATES PASSTHROUGH RENTAL INCOME 2,515 2,515 2,515
    MIMG XLI SHERWOOD FOREST PASSTHROUGH RENTAL INCOME 3,067 3,067 3,067
    MIMG XLV TOWN AND COUNTRY PASSTHROUGH RENTAL INCOME 201 201 201
    MIMG XXVIII HS MASTER PASSTHROUGH RENTAL INCOME 6,426 6,426 6,426
    MIMG XXXII EDEN PARK PASSTHROUGH RENTAL INCOME 6,338 6,338 6,338
    MIMG XXXVII CE MASTER PASSTHROUGH RENTAL INCOME 17,780 17,780 17,780
    NEW SUMMIT IMPACT FUND II-B PASSTHROUGH INCOME -533 -533 -533
    NEW SUMMIT IMPACT FUND II-B PASSTHROUGH OTHER INCOME -1,772 -1,772 -1,772
    RENEWAL3 US PASSTHROUGH OTHER INCOME 11,166 11,166 11,166
    WDE PARTNERS PASSTHROUGH INCOME -12,610 -12,610 -12,610
    GMB MEZZANINE CAPITAL II PASSTHROUGH RENTAL INCOME 7 7 7
    GMB MEZZANINE CAPITAL II PASSTHROUGH OTHER INCOME 40,078 40,078 40,078
    HGI BSW FUND III PASSTHROUGH OTHER INCOME -157 -157 -157
    HGI OPPORTUNITY SELECT FUND IV PASSTHROUGH OTHER INCOME 2,787 2,787 2,787
    GMB MEZZANINE CAPITAL II PASSTHROUGH TAX EXEMPT INCOME 65   65
    NEW SUMMIT IMPACT FUND II-B PASSTHROUGH TAX EXEMPT INCOME 3,622   3,622


    TY 2020 OtherLiabilitiesSchedule
    Name:
    THE CIELO FOUNDATION
    EIN:
    26-1166378
    Description Beginning of Year - Book Value End of Year - Book Value
    PAYROLL LIABILITIES 1,932 2,233
    MIMG XXXII EDEN PARK 21,244 27,616
    MIMG XLI COUNTRY ESTATES 4,972 9,568


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE CIELO FOUNDATION
    EIN:
    26-1166378
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 409,730 409,730   0
    CONSULTING FEES 3,539 0   1,769


    TY 2020 TaxesSchedule
    Name:
    THE CIELO FOUNDATION
    EIN:
    26-1166378
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX 30,812 30,812   0
    EXCISE TAXES 219,500 0   0
    PAYROLL TAX 7,233 0   3,617