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. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
Kenneth Kendal King Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)PO Box 6699
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Denver, CO80206
A Employer identification number

84-1148157
B Telephone number (see instructions)

(303) 832-3200
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$71,456,090J 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... 1,492,421 1,492,421  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,969,693
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 1,969,693
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 -72,478 78,918  
12 Total. Add lines 1 through 11........ 3,389,636 3,541,032  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 305,000 97,493   207,507
14 Other employee salaries and wages...... 84,808 0   84,808
15 Pension plans, employee benefits....... 42,173 2,470   39,703
16a Legal fees (attach schedule)......... Click to see attachment 9,203 0   9,203
b Accounting fees (attach schedule)....... Click to see attachment 40,574 6,087   34,487
c Other professional fees (attach schedule).... Click to see attachment 12,838 0   12,838
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 50,000 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 5,333 0   5,333
21 Travel, conferences, and meetings....... 921 0   921
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 192,689 0   192,689
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 743,539 106,050   587,489
25 Contributions, gifts, grants paid....... 1,950,000 1,950,000
26 Total expenses and disbursements. Add lines 24 and 25 2,693,539 106,050   2,537,489
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 696,097
b Net investment income (if negative, enter -0-) 3,434,982
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
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............. 308,162 232,992 232,992
2 Savings and temporary cash investments......... 44,603 99,999 99,999
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)....... 31,258,813 Click to see attachment31,589,488 68,347,690
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 183,772 Click to see attachment198,798 692,027
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment1,713,212 Click to see attachment2,083,382 Click to see attachment2,083,382
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 33,508,562 34,204,659 71,456,090
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)    
23 Total liabilities (add lines 17 through 22)......... 0 0
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 33,508,562 34,204,659
29 Total net assets or fund balances (see instructions)..... 33,508,562 34,204,659
30 Total liabilities and net assets/fund balances (see instructions). 33,508,562 34,204,659
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
33,508,562
2
Enter amount from Part I, line 27a .....................
2
696,097
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
34,204,659
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
34,204,659
Form 990-PF (2021)
Form 990-PF (2021)
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 Publicly traded securities P    
b Pass-through entity P    
c TSB Parent Holdings, LLC P    
d
e
(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       1,836,830
b       4,888
c       127,975
d
e
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       1,836,830
b       4,888
c       127,975
d
e
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 1,969,693
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  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
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 All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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 47,746
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 47,746
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 51,871
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 51,871
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 24
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 4,101
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet4,101 RefundedBullet 11 0
Part VI-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 XIV..................................
    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 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    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 (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-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 addressbulletkennethkingfoundation.org
    14
    The books are in care ofbulletThe Organization Telephone no.bullet (303) 832-3200

    Located atbulletPO Box 6699DenverCO ZIP+4bullet80206
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, 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 VI-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? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
    Yes
     
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (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)? ......................
    1a(5)
     
    No
    (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.) ...............
    1a(6)
     
    No
    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
    c
    ........bullet
    d
    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 2021? .............
    1d
     
    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 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    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? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 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 2021.) .....................
    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 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-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))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
    Yes
     
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    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
    c
    .........bullet
    d
    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? .................
    5d
    Yes
     
    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? .............................
    6a
     
    No
    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?
    7a
     
    No
    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? .........................
    8
     
    No
    Part VII
    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
    Janice Fritsch President
    40.00     		200,000 11,600 0
    PO Box 6699
    Denver,CO80206
    Jared Minor Chairman
    16.00     		20,000 0 0
    PO Box 6699
    Denver,CO80206
    Timothy Welker Past Chair & Secretary
    11.00     		20,000 0 0
    PO Box 6699
    Denver,CO80206
    John Love Treasurer
    6.00     		20,000 0 0
    PO Box 6699
    Denver,CO80206
    Matthew R Banner III Director
    25.00     		20,000 0 0
    PO Box 6699
    Denver,CO80206
    Tony Afshary Director
    32.00     		5,000 0 0
    PO Box 6699
    Denver,CO80206
    Alejandra Harvey Oliver Director
    64.00     		0 0 0
    PO Box 6699
    Denver,CO80206
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    Cindy Willard Director of Integrat
    40.00     		72,750 3,480 0
    PO Box 6699
    Denver,CO80206
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    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 VIII-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 VIII-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 The Foundation loaned $250,000 to a nonprofit organization to support the purchase of the Johnson and Wales Campus for housing, job training and education, ensuring the campus remains part of the community's assets. This PRI will result in job training for low-income individuals, increase businesses created in the Park Hill community. Terms: 0% per year with lump repayment on June 30, 2026. 250,000
    2 The Foundation loaned $250,000 to a for-profit organization to support the development of permanent jobs in Pueblo through new business, incubating food entrepreneurs through a food hall model. Terms: 1% per annum with annual payments of principle plus interest for 7 years. 250,000
    All other program-related investments. See instructions.
    3 Click to see attachment 450,000
    Total. Add lines 1 through 3.........................bullet950,000
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    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
    62,338,683
    b
    Average of monthly cash balances.......................
    1b
    569,775
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    62,908,458
    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
    62,908,458
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    943,627
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    61,964,831
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    3,098,242
    Part X
    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 IX, line 6..................
    1
    3,098,242
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    47,746
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    47,746
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,050,496
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    579,830
    5
    Add lines 3 and 4............................
    5
    3,630,326
    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 XII, line 1 ...
    7
    3,630,326
    Part XI
    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
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    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 XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 3,630,326
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 2,696,157
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 3,487,489
    a Applied to 2020, but not more than line 2a 2,696,157
    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 2021 distributable amount..... 791,332
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 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 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		2,838,994
    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 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-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 2021, 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) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    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 IX, 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 XIV
    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:
    Janice Fritsch
    PO Box 6699
    Denver,CO80206
    (303) 832-3200
    grants@kennethkingfoundation.org
    bThe form in which applications should be submitted and information and materials they should include:
    Letter of inquiry and grant applications should be submitted online via the Foundation's website at www.kennethkingfoundation.org.
    cAny submission deadlines:
    September 1 of each calendar year.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Further information can be found at www.kennethkingfoundation.org.
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    Janice Fritsch
    PO Box 6699
    Denver,CO80206
    (303) 832-3200
    grants@kennethkingfoundation.org
    bThe form in which applications should be submitted and information and materials they should include:
    Letter of inquiry and grant applications should be submitted online via the Foundation's website at www.kennethkingfoundation.org.
    cAny submission deadlines:
    March 1 of each calendar year.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Further information can be found at www.kennethkingfoundation.org.
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    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 Sante Fe Drive
    Denver,CO80204     		None PC Expanding employment opportunities for young adults with disabilities through artworks 15,000
    Adoption Exchange
    14232 East Evans Avenue
    Aurora,CO80014     		None PC General support in Colorado 5,000
    Alamosa Live Music Association
    97 El Rio Drive
    Alamosa,CO81101     		None PC High quality accessible live music performances in San Luis Valley 5,000
    Bayaud Enterprises
    333 W Bayaud Ave
    Denver,CO80223     		None PC General support in Colorado 500
    Boys & Girls Club of San Luis Valley
    1115 10th Street PO Box 1032
    Alamosa,CO81101     		None PC For the El PASO (Engaging Learners Program to Advance Student Options) program 30,000
    Bridge House
    5345 Arapahoe Ave Unit 5
    Boulder,CO80303     		None PC For the Ready to Work Peer Leadership program 30,000
    Capitol Hill Community Services
    3615 S Huron Street 206
    Englewood,CO80110     		None PC General operating support 50,000
    Capitol Hill Community Services
    3615 S Huron Street 206
    Englewood,CO80110     		None PC General operating support 34,000
    CASA of the Seventh Judicial District Inc
    147 North Townsend Avenue
    Montrose,CO81401     		None PC For Youth Employment Skills (YES), pre-employment skill building, work readiness and job retention 15,000
    Catalyst CO WorkLife Partnership
    3513 Brighton Blvd Suite 489
    Denver,CO80216     		None PC Worklife partnership programs. 60,000
    Center for Employment Opportunities
    50 Broadway Suite 1604
    New York,NY10004     		None PC Reentry employment services for formerly incarcerated Colorado residents 20,000
    Center for Work Education and Employment
    1175 Osage Street Suite 300
    Denver,CO80204     		None PC Increasing Technology Access for low-income career seekers through computer distribution 20,000
    CNDC - Center for Community Wealth Building
    2900 N Downing Street 1B
    Denver,CO80205     		None PC General operating support 500
    CNDC - Center for Community Wealth Building
    2900 N Downing Street 1B
    Denver,CO80205     		None PC General operating support 5,000
    Colorado Ballet
    1075 Santa Fe Drive
    Denver,CO80204     		None PC General operating support 10,000
    Colorado Children's Chorale
    2420 West 26th Avenue Suite 350-D
    Denver,CO80211     		None PC General operating support 10,000
    Colorado Community College System Foundation
    9101 East Lowry Boulevard
    Denver,CO80230     		None PC For the Last Mile Scholarship program. 52,500
    Colorado Council on Economic Education
    3443 South Galena Street Suite 190
    Denver,CO80231     		None PC General operating support 7,500
    Colorado Lions KidSight Program
    8200 S Quebec St A3-704
    Centennial,CO80112     		None PC General operating support 10,000
    Colorado Springs Child Nursery Centers Inc
    104 E Rio Grande St
    Colorado Springs,CO80903     		None PC For the Home Network of the Pikes Peak Region. 25,000
    Colorado State University Pueblo Foundation
    2200 Bonforte Boulevard ADM 329
    Pueblo,CO81001     		None PC For the Colorado State Pueblo Nursing program. 50,000
    Colorado Statewide Parent Coalition
    7150 Hooker Street Suite B
    Westminster,CO80030     		None PC For the Providers Advancing School Outcomes (PASO) project. 10,000
    Colorado Symphony Asssociation
    Boettcher Concert Hall Denver
    Performing Arts Complex
    Denver,CO802022333     		None PC General operating support 10,000
    Community Resource Center
    789 Sherman Street Suite 210
    Denver,CO80220     		None PC For the 2021 Rural Action Network, which replaces the Rural Philanthropy Days program in 2021. 10,000
    CrossPurpose
    3050 Richard Allen Court
    Denver,CO80205     		None PC For the Leadership program 20,000
    Denver East PTSA Attn Gretchen Hammer
    1600 City Park Esplanade
    Denver,CO80206     		None PC For general operating support. 500
    Denver East PTSA Attn Gretchen Hammer
    1600 City Park Esplanade
    Denver,CO80206     		None PC For the Denver East High School After Prom event. 1,500
    Denver East Speech Team Foundation
    1600 City Park Esplanade
    Denver,CO80206     		None PC For general operating support. 500
    Denver East Speech Team Foundation
    1600 City Park Esplanade
    Denver,CO80206     		None PC For general operating support. 1,000
    Denver Homeless VOICE
    1600 N Downing St Ste 230
    Denver,CO80218     		None PC For the vendor support program. 15,000
    Denver Lions Foundation
    1373 Grant Street
    Denver,CO80203     		None PC For general operating support. 10,000
    Denver Lyric Opera Guild
    PO BOX 339
    Englewood,CO80151     		None PC For the annual opera singer competition. 10,000
    Denver Museum of Nature and Science
    2001 Colorado Boulevard
    Denver,CO80205     		None PC For the aracnology program. 5,000
    Denver Museum of Nature and Science
    2001 Colorado Boulevard
    Denver,CO80205     		None PC For general operating support. 10,000
    Denver Museum of Nature and Science
    2001 Colorado Boulevard
    Denver,CO80205     		None PC For the aracnology program. 5,000
    Denver Zoological Foundation Inc
    2300 Steele Street
    Denver,CO80205     		None PC For general operating support. 10,000
    Deserving Dental
    2205 West 136th Avenue 106-159
    Broomfield,CO80023     		None PC To support oral health as a barrier to employment. 5,000
    Discover Goodwill of Southern and Western Colorado
    1460 Garden of the Gods Road
    Colorado Springs,CO80907     		None PC For the Youth Career Development Services and BankWork$ program 125,000
    Discover Goodwill of Southern and Western Colorado
    1460 Garden of the Gods Road
    Colorado Springs,CO80907     		None PC General operating support 10,000
    E For All
    175 Cabot St
    Lowell,MA01854     		None PC For the inclusive entrepreneurship training in English and Spanish program 35,000
    Every Day Improving Youth Lives
    17885 E Tennessee Pl
    Aurora,CO80017     		None PC General operating support 500
    First Southwest Community Fund
    720 Main Street
    Alamosa,CO81101     		None PC Technical assistance grant 15,000
    Focus Points Family Resource Center
    2501 E 48th Ave
    Denver,CO80216     		None PC For social enterprise and entrepreneurship for immigrants and refugees 50,000
    Foundation for Black Entrepreneurship
    20340 East 40th Avenue
    Denver,CO80249     		None PC For the Solopreneuership to employer status program for black women entrepreneurs. 25,000
    Girls Inc
    1499 Julian Street
    Denver,CO80204     		None PC General operating support 500
    Girls Inc
    1499 Julian Street
    Denver,CO80204     		None PC General operating support 10,000
    Global Center for Cultural Entrepreneurship
    341 East Alameda Street
    Santa Fe,NM87501     		None PC For the Native American Entrepreneurship initiative. 25,000
    Gunnison Council for the Arts
    102 S Main St
    Gunnison,CO81230     		None PC General operating support 15,000
    Hands of the Carpenter
    16097 South Golden Road
    Golden,CO80401     		None PC For automative services for single mothers. 25,000
    History Colorado
    1200 Broadway
    Denver,CO80203     		None PC General operating support 10,000
    Homeward Bound of the Grand Valley
    2853 North Ave
    Grand Junction,CO81501     		None PC For the Purposeful Work program. 30,000
    Kidpower of Colorado
    10 Boulder Crescent 100
    Colorado Springs,CO80903     		None PC General operating support 5,000
    Kids in Need of Dentistry
    2465 South Downing Street Suite 210
    Denver,CO80210     		None PC General operating support 10,000
    La Puente Home Inc
    911 State Street
    Alamosa,CO81101     		None PC For the emergency shelter home. 15,000
    La Puente Home Inc
    911 State Street
    Alamosa,CO81101     		None PC For employment readiness services. 75,000
    Latino Leadership Institute
    7406 South Curtice Court
    Littleton,CO80120     		None PC For the Latino Entrepreneurial Access program. 25,000
    Littleton Town Hall Arts Center
    2450 W Main St
    Littleton,CO80120     		None PC General operating support 10,000
    Manna Soup Kitchen
    1100 Avenida Del Sol PO Box 1196
    Durango,CO81302     		None PC For the culinary program and employment navigation. 15,000
    Mile High Workshop
    3795 E 38th Ave Unit A
    Denver,CO80205     		None PC Employment programs. 25,000
    Mount Carmel Veterans Service Center
    530 Communications Circle
    Colorado Springs,CO80905     		None PC Funding to support opening pathways for meaningful employment for military members and veterans. 50,000
    Museum of Contemporary Art
    1485 Delgany Street
    Denver,CO80202     		None PC General operating support 10,000
    Outreach United Resource Center Inc
    220 Collyer St
    Longmont,CO80501     		None PC General operating support 25,000
    Phamaly Theatre Company
    3532 Franklin Street Suite T2
    Denver,CO80205     		None PC General operating support 10,000
    Prairie Rose Development Corp
    16765 County Road 3
    Kirk,CO80824     		None PC For the Kiva Hub Denver program. 50,000
    Prodigy Ventures
    3801 E 40th Ave
    Denver,CO80205     		None PC General operating support 500
    Prodigy Ventures
    3801 E 40th Ave
    Denver,CO80205     		None PC For Prodigy Ventures Apprenticeship program. 50,000
    Project Self Sufficiency
    375 W 37th Street Suite 150
    Loveland,CO80538     		None PC For the Selfpower Model, career pathways for low income single parents. 20,000
    Reciprocity Collective
    1043 East 20th Avenue
    Denver,CO80205     		None PC General operating support 500
    Reciprocity Collective
    1043 East 20th Avenue
    Denver,CO80205     		None PC General operating support 15,000
    Rise Westwood Collective
    3738 Morrison Rd
    Denver,CO80219     		None PC General operating support 500
    Rocky Mountain Alliance
    PO Box 6699
    Denver,CO80206     		None PC General operating support 10,000
    Rocky Mountain MicroFinance Institute
    1209 W 10th Avenue
    Denver,CO80204     		None PC General operating support 30,000
    Rocky Mountain Multiple Sclerosis Center
    8845 Wagner Street
    Westminster,CO80031     		None PC General operating support 10,000
    Saint Francis Center
    2323 Curtis Street
    Denver,CO80205     		None PC Employment programs. 25,000
    San Luis Valley Great Outdoors
    610 State Avenue
    Alamosa,CO81101     		None PC For workforce development programs. 25,000
    San Luis Valley Local Foods Coalition
    412 State Avenue PO Box 181
    Alamosa,CO81101     		None PC For programs to remove barriers for San Luis Valley farmers. 15,000
    Second Chance Center
    224 Potomac Street
    Aurora,CO80011     		None PC General operating support 500
    Second Chance Center
    224 Potomac Street
    Aurora,CO80011     		None PC General operating support 40,000
    Second Chance Center
    224 Potomac Street
    Aurora,CO80011     		None PC For the pilot loan program. 5,000
    Sister Carmen Community Center
    655 Aspen Ridge Drive
    Lafayette,CO80026     		None PC For the economic mobility program. 25,000
    Solar Energy International
    39845 Mathews Lane
    Paonia,CO81428     		None PC For the solar workforce program. 50,000
    Spring Institute for Intercultural Learning
    1373 Grant Street
    Denver,CO80203     		None PC Educational pathways program. 20,000
    Springs Rescue Mission
    5 W Las Vegas Street
    Colorado Springs,CO80903     		None PC Employment programs. 100,000
    St Elizabeth's School
    2350 Gaylord St
    Denver,CO80205     		None PC General operating support 5,000
    Swallow Hill Music Association
    71 E Yale Ave
    Denver,CO80210     		None PC General operating support 10,000
    TGTHR
    1440 Pine St Suite B
    Boulder,CO80302     		None PC General operating support 500
    The Delores Project
    3450 W 13th Ave
    Denver,CO80204     		None PC Employment programs. 10,000
    The Gathering Place
    1535 High St
    Denver,CO80218     		None PC Education and job readiness program. 10,000
    The Other Side Academy
    2324 Federal Boulevard Unit A
    Denver,CO80211     		None PC Workforce development programs. 25,000
    There with Care
    2825 Wilderness Pl Suite 100
    Boulder,CO803015432     		None PC General operating support 7,500
    Thrive - Transformation at Work
    400 W SOUTH BOULDER RD Suite 1700
    LAFAYETTE,CO80026     		None PC Employment access for unemployed and underemployed 15,000
    Trailhead Institute
    PO Box 6699
    Denver,CO80206     		None PC General operating support 50,000
    University of Denver University College
    2211 S Josephine Street
    Denver,CO80210     		None PC For the Institute for Leadership in Development 5,000
    Village Exchange Center
    1609 Havana St
    Aurora,CO80010     		None PC For the urban immersion learning program at the village farm. 20,000
    VOA
    2660 Larimer St
    Denver,CO80205     		None PC General operating support. 500
    Work Options for Women
    1200 Federal Blvd
    Denver,CO80204     		None PC Worklife Partnership programs. 20,000
    Year One Inc dba Mile High Youth Corps
    1801 Federal Blvd
    Denver,CO80204     		None PC YouthBuild Program 20,000
    Youth on Record
    1301 West 10th Ave
    Denver,CO80204     		None PC Innovation and Incubation program 20,000
    YouthRoots
    2700 South Broadway Suite 200
    Englewood,CO80113     		None PC For the Youthroots Fellowship 10,000
    Total .................................bullet 3a 1,950,000
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-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 ....          
    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 .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 1,969,693  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aIncome from pass-through entities     		    14 8,503  
    bIncome from pass-through entities reported on Form 990T 523000 -151,396      
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. -151,396 3,541,032 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    3,389,636
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-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 XV-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 (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    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 (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    Kenneth Kendal King Foundation
    EIN:
    84-1148157
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Kundinger, Corder & Engle, P.C. 19,800 2,970   16,830
    CliftonLarsonAllen 20,774 3,117   17,657

    TY 2021 AllOthProgRltdInvestmentsSch
    Name:
    Kenneth Kendal King Foundation
    EIN:
    84-1148157
    Category Amount
    The Foundation made an equity investment in a nonprofit organization that dedicates the funds toward achieving the goals of increasing quality jobs and entrepreneurship opportunities, reducing barriers to employment and self-sufficiency, and enabling wealth generation through career development. 100,000
    The Foundation made a loan to a nonprofit organization to support the construction of affordable housing sold to those in target geography, in particular households earning 60-120 percent of area median income. 100,000
    The Foundation made a loan to a for-profit organization to expand business sales and operations with the goal of increasing access to employment for rural residents of Delta County. 100,000
    The Foundation made a loan to a for-profit organization to extend below market-rate debt financing to developers and other organizations committed to providing quality housing to lower-and middle-income households. 100,000
    The Foundation made a loan to a nonprofit organization to support the Rural Colorado Entrepreneurship Fund, which targets start-up and small businesses in rural Colorado, under-represented entrepreneurs, specifically recently resettled immigrants and refugees, and businesses in the San Luis Valley. 50,000

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    TY 2021 ExpenditureResponsibilityStmt
    Name:
    Kenneth Kendal King Foundation
    EIN:
    84-1148157
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    WeeSchool Inc
          		6295 Greenwood Plaza Blvd 100
    Greenwood Village,CO80111     		2016-11-04 200,000 The Foundation made an equity investment in this commercial organization that provides education to children from age birth to three. The Foundation's interest in the organization is to make education software available to underserved families, helping remove barriers to education. The investment and interest were returned in 2021. 200,000 The Foundation is not aware of any diversion of funds 8/23/21, 8/24/21, 8/27/21, 8/28/21, 8/30/21, 9/14/21, 9/15/21, 9/25/21   The Foundation has no reason to doubt the accuracy or reliability of the report from the grantee, therefore, no independent verification of the report was made.
    Knotty Tie
          		989 Santa Fe Drive
    Denver,CO80204     		2017-06-26 175,000 The Foundation made an equity investment in this commercial organization that provides job training to refugees and immigrants through manufacturing scarves, ties and other small clothing accessories. 175,000 The Foundation is not aware of any diversion of funds 1/19/21, 2/12/21, 2/16/21, 3/3/21, 4/2/21, 7/21/21, 11/19/21   The Foundation has no reason to doubt the accuracy or reliability of the report from the grantee, therefore, no independent verification of the report was made.
    Altius Farms
          		2500 Lawrence Street Suite 200
    Denver,CO80205     		2018-12-17 100,000 The Foundation has made an equity investment in Altius Farms for the purposes of employing low-income and disabled veterans, providing learning and educational opportunities for schools in Denver, and to provide produce at cost, or donated, to charitable organizations that provide fresh food to low-income residents in the River North community. 100,000 The Foundation is not aware of any diversion of funds 5/11/21, 10/29/21, 12/22/21   The Foundation has no reason to doubt the accuracy or reliability of the report from the grantee, therefore, no independent verification of the report was made.
    Bits Box - Codepops
          		3080 Valmont Road Suite 200
    Boulder,CO80301     		2018-08-14 200,002 The Foundation has made an equity investment in Bits Box - Codepops for the purposes of reaching underserved and disadvantaged students. 200,002 The Foundation is not aware of any diversion of funds 2/10/21, 4/9/21, 6/23/21, 7/27/21, 11/8/21   The Foundation has no reason to doubt the accuracy or reliability of the report from the grantee, therefore, no independent verification of the report was made.
    Bits Box - Codepops
          		3080 Valmont Road Suite 200
    Boulder,CO80301     		2019-11-22 150,001 The Foundation made an additional equity investment in Bits Box - Codepops in 2019 for the purposes of reaching underserved and disadvantaged students. 150,001 The Foundation is not aware of any diversion of funds 2/10/21, 4/9/21, 6/23/21, 7/27/21, 11/8/21   The Foundation has no reason to doubt the accuracy or reliability of the report from the grantee, therefore, no independent verification of the report was made.
    CHAI Debt Capital LLC
          		1536 Wynkoop Street Suite 529
    Denver,CO80202     		2021-11-30 100,000 The Foundation made a loan to support purchasing affordable housing to ensure it remains affordable in rural mountain communities. 100,000 The Foundation is not aware of any diversion of funds 12/14/21   The Foundation has no reason to doubt the accuracy or reliability of the report from the grantee, therefore, no independent verification of the report was made.
    Colorado Lending Source
          		1441 18th Street
    Denver,CO80202     		2017-12-22 431,442 The Foundation has made a program related investment in a loan fund which will be used solely to lend to businesses led by underserved entreprenuers struggling to secure credit. The loan fund is part of the Colorado Main Street Lending Program. The loan was repaid during 2021. 431,442 The Foundation is not aware of any diversion of funds 3/31/21, 4/1/21, 7/20/21, 10/14/21   The Foundation has no reason to doubt the accuracy or reliability of the report from the grantee, therefore, no independent verification of the report was made.
    Full Plate Management
          		3273 S Tulare Circle
    Denver,CO80231     		2021-05-21 250,000 The Foundation made a loan to support culinary arts training in the Food Hall of Fuel and Iron. 250,000 The Foundation is not aware of any diversion of funds 10/13/21, 10/12/21, 10/8/21, 10/7/21, 9/28/21, 9/23/21, 9/16/21, 9/15/21, 6/   The Foundation has no reason to doubt the accuracy or reliability of the report from the grantee, therefore, no independent verification of the report was made.
    Delta Brick and Climate Company LLC
          		207 3rd Street Unit B
    Paonia,CO81428     		2021-11-15 100,000 The Foundation made a loan to support jobs at Delta Brick and Climate Company. 100,000 The Foundation is not aware of any diversion of funds 12/14/21   The Foundation has no reason to doubt the accuracy or reliability of the report from the grantee, therefore, no independent verification of the report was made.

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    Kenneth Kendal King Foundation
    EIN:
    84-1148157
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Marketable securities managed internally, and custodied by Fidelity 31,589,488 68,347,690

    TY 2021 InvestmentsOtherSchedule2
    Name:
    Kenneth Kendal King Foundation
    EIN:
    84-1148157
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Wetar III Partnership FMV 198,798 692,027

    TY 2021 LegalFeesSchedule
    Name:
    Kenneth Kendal King Foundation
    EIN:
    84-1148157
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Tuthill & Hughes 9,203 0   9,203


    TY 2021 OtherAssetsSchedule
    Name:
    Kenneth Kendal King Foundation
    EIN:
    84-1148157
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Program related investments 1,713,212 2,083,382 2,083,382


    TY 2021 OtherExpensesSchedule
    Name:
    Kenneth Kendal King Foundation
    EIN:
    84-1148157
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Dues and subscriptions 17,523 0   17,523
    Insurance 19,074 0   19,074
    Office expenses 12,038 0   12,038
    Miscellaneous 6,143 0   6,143
    Payments to retirees 128,464 0   128,464
    Board expenses 7 0   7
    IT 8,831 0   8,831
    Professional development 609 0   609


    TY 2021 OtherIncomeSchedule2
    Name:
    Kenneth Kendal King Foundation
    EIN:
    84-1148157
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PRI loan interest income 18,675 18,675 18,675
    Securities litigation proceeds 28,587 28,587 28,587
    Other investment income 23,153 23,153 23,153
    Income from pass-through entities 8,503 8,503 8,503
    Income from pass-through entities reported on Form 990T -151,396   -151,396


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    Kenneth Kendal King Foundation
    EIN:
    84-1148157
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Cindy J Willard Consulting LLC 6,800 0   6,800
    Other contractor fees 6,038 0   6,038


    TY 2021 TaxesSchedule
    Name:
    Kenneth Kendal King Foundation
    EIN:
    84-1148157
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    2021 estimated excise taxes 50,000 0   0