Form990-PF
Click to see attachment
Click to see attachmentClick to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
The Colorado Trust
 
% THE COLORADO TRUST
Number and street (or P.O. box number if mail is not delivered to street address)1600 Sherman Street
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Denver, CO80203
A Employer identification number

84-0994055
B Telephone number (see instructions)

(303) 837-1200
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$617,176,862J 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) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments   1,450,951  
4 Dividends and interest from securities... 2,585,125 7,360,337  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 60,069,533
b Gross sales price for all assets on line 6a 256,746,514
7 Capital gain net income (from Part IV, line 2)... 56,691,007
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 1,165,116 1,375,011  
12 Total. Add lines 1 through 11........ 63,819,774 66,877,306  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 1,312,692 175,588   916,101
14 Other employee salaries and wages...... 5,041,796 162,910   4,903,487
15 Pension plans, employee benefits....... 1,700,145 64,127   1,435,977
16a Legal fees (attach schedule)......... 55,364     44,722
b Accounting fees (attach schedule)....... 69,100 2,518   47,833
c Other professional fees (attach schedule).... Click to see attachment 8,625,449 5,994,323   2,671,542
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 683,374 384,857    
19 Depreciation (attach schedule) and depletion... Click to see attachment 109,034 16,355  
20 Occupancy.............. 1,000,251 46,480   954,201
21 Travel, conferences, and meetings....... 619,311 4,348   580,644
22 Printing and publications.......... 219,099 106   209,768
23 Other expenses (attach schedule)....... Click to see attachment 1,189,306 2,774,875   1,170,647
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 20,624,921 9,626,487   12,934,922
25 Contributions, gifts, grants paid....... 15,439,288 15,440,346
26 Total expenses and disbursements. Add lines 24 and 25 36,064,209 9,626,487   28,375,268
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 27,755,565
b Net investment income (if negative, enter -0-) 57,250,819
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............. 530,766 189,986 189,986
2 Savings and temporary cash investments......... 3,588,963 5,729,895 5,729,895
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.......... 193,670 329,144 329,144
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 233,143,106 Click to see attachment263,386,893 263,386,893
c Investments—corporate bonds (attach schedule)....... 71,056,689 Click to see attachment58,515,079 58,515,079
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 242,516,154 Click to see attachment271,499,771 271,499,771
14 Land, buildings, and equipment: basis bullet1,961,896
Less: accumulated depreciation (attach schedule) bullet1,067,874 965,368 Click to see attachment894,022 894,022
15 Other assets (describe bullet) Click to see attachment8,214,898 Click to see attachment16,632,072 Click to see attachment16,632,072
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 560,209,614 617,176,862 617,176,862
Liabilities 17 Accounts payable and accrued expenses.......... 650,048 1,509,332
18 Grants payable................. 8,046,942 12,140,589
19 Deferred revenue................. 1,768,019 1,518,419
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 attachment538,562 Click to see attachment807,073
23 Total liabilities (add lines 17 through 22)......... 11,003,571 15,975,413
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........... 549,206,043 601,201,449
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 549,206,043 601,201,449
30 Total liabilities and net assets/fund balances (see instructions). 560,209,614 617,176,862
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
549,206,043
2
Enter amount from Part I, line 27a .....................
2
27,755,565
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
28,383,443
4
Add lines 1, 2, and 3 ..........................
4
605,345,051
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
4,143,602
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
601,201,449
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 GAINS FROM PASS THROUGH NON-UBTI P    
b US BANK P    
c
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 24,598,905     24,598,905
b 232,147,609   200,055,507 32,092,102
c
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       24,598,905
b       32,092,102
c
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 56,691,007
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  
3 Add lines 1 and 2........................... 3 795,786
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 795,786
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 396,523
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 898,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,294,523
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 7,439
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 10 491,298
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet491,298 RefundedBullet 11  
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? Click to see attachment....................
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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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 changesClick to see attachment....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.Click to see attachment
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)
    bulletCA, CO
    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 addressbulletwww.coloradotrust.org
    14
    The books are in care ofbulletTHE COLORADO TRUST Telephone no.bullet (303) 837-1200

    Located atbullet1600 SHERMAN STREETDENVERCO ZIP+4bullet80203
    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)
     
    No
    (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)
     
    No
    (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
     
     
    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
     
     
    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? .............................
    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
    Bruce N Calonge MDClick to see attachment President & CEO
    40.0     		691,633 81,505 0
    1600 Sherman Street
    Denver,CO80203
    Warren JohnsonClick to see attachment Chair
    1.5     		36,750 0 0
    1600 Sherman Street
    Denver,CO80203
    Don MaresClick to see attachment Trustee
    1.5     		24,000 0 0
    1600 Sherman Street
    Denver,CO80203
    Dr Brenda J AllenClick to see attachment Treasurer
    1.5     		30,750 0 0
    1600 Sherman Street
    Denver,CO80203
    Kathleen LutitoClick to see attachment Community Member
    0.5     		2,400 0 0
    1600 Sherman Street
    Denver,CO80203
    Betty VelasquezClick to see attachment Trustee
    1.5     		27,000 0 0
    1600 Sherman Street
    Denver,CO80203
    Rev Louise WestfallClick to see attachment Chair Elect
    1.5     		30,000 0 0
    1600 Sherman Street
    Denver,CO80203
    Randall BaumClick to see attachment Community Member
    0.5     		2,400 0 0
    1600 Sherman Street
    Denver,CO80203
    Kent MuckelClick to see attachment Community Member
    0.5     		0 0 0
    1600 Sherman Street
    Denver,CO80203
    Todd RubrightClick to see attachment Community Member
    0.5     		0 0 0
    1600 Sherman Street
    Denver,CO80203
    Danielle R ShootsClick to see attachment Vice President and CFO
    40.0     		357,059 63,967 0
    1600 Sherman Street
    Denver,CO80203
    Wendy DominguezClick to see attachment Trustee
    1.5     		31,000 0 0
    1600 Sherman Street
    Denver,CO80203
    Tim SchultzClick to see attachment Trustee
    1.5     		27,000 0 0
    1600 Sherman Street
    Denver,CO80203
    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
    NANCY CSUTI DIR OF RESEARCH/EVAL
    40.0     		163,949 49,282 0
    1600 SHERMAN STREET
    DENVER,CO80203
    JULLIAN KESNER DIR OF COMMUNICATION
    40.0     		154,367 44,958 0
    1600 SHERMAN STREET
    DENVER,CO80203
    CAROLYN HOMER CONTROLLER
    40.0     		141,055 34,687 0
    1600 SHERMAN STREET
    DENVER,CO80203
    TERA WICK REGIONAL MANAGER
    40.0     		142,508 43,886 0
    1600 SHERMAN STREET
    DENVER,CO80203
    ROB RIKER GRANTS & COMPL MGR
    40.0     		128,553 35,502 0
    1600 SHERMAN STREET
    DENVER,CO80203
    Total number of other employees paid over $50,000...................bullet 55
    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
    Transformative Alliances LLC Edu Facilitator srvc 376,125
    1420 Quince Street
    DENVER,CO80220
    Community Science Inc Consulting 521,062
    438 N Frederick AVE Ste 315
    GAITHERSBURG,MD20877
    NEPC LLC Consulting 295,347
    255 State Street
    WOBURN,MA018884110
    Dickerson Consulting LLC Consulting 321,750
    106 Cranebill Rd
    TAUNTON,MA02780
    Teal Media Consulting 169,000
    306 S Washington Avenue Ste 218
    ROYAL OAK,MI48067
    Total number of others receiving over $50,000 for professional services.............bullet15
    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 LOW INT. RATE LOAN TO SUPPORT LA CLINICA TEPEYAC EXPANSION OF THEIR CLINIC. CLINICA TEPEYAC IS A TRUSTED HEALTH CARE PROVIDER IN DENVER LATINO COMMUNITY. 1,000,000
    2 LOW INT. RATE LOAN TO PUEBLO COMMUNITY HEALTH CENTER TO ASSIST IN FUNDING OF A NEW CLINIC TO IMPROVE & ADVANCE HEALTH OUTCOMES TO AN UNDERSERVED COMMUNITY. 1,000,000
    All other program-related investments. See instructions.
    3 Click to see attachment 6,492,000
    Total. Add lines 1 through 3.........................bullet8,492,000
    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
    573,089,713
    b
    Average of monthly cash balances.......................
    1b
    5,511,020
    c
    Fair market value of all other assets (see instructions)................
    1c
    742,014
    d
    Total (add lines 1a, b, and c).........................
    1d
    579,342,747
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    579,342,747
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    8,690,141
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    570,652,606
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    28,532,630
    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
    28,532,630
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    795,786
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    162,852
    c
    Add lines 2a and 2b............................
    2c
    958,638
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    27,573,992
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    728,469
    5
    Add lines 3 and 4............................
    5
    28,302,461
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    28,302,461
    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 28,302,461
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 15,708,461
    b Total for prior years:2019, 2018, 2017  
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018...... 0
    d From 2019...... 0
    e From 2020...... 0
    f Total of lines 3a through e ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 36,867,268
    a Applied to 2020, but not more than line 2a 15,708,461
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2021 distributable amount..... 21,158,807
    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 ..........     		 
    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......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		7,143,654
    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) .......     		 
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		 
    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.... 0
    d Excess from 2020.... 0
    e Excess from 2021.... 0
    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 email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    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
    See Detail of Recipients
    Donor Address 1600 Sherman Street
    Recipients Address on Attachment
    Denver,CO80203     		None PC See Detailed Attachment 15,439,288
    CHARITABLE CONTRIBUTION FROM PASS THROUGH ENTITIES
    1600 SHERMAN STREET
    DENVER,CO80203     		NONE PC GENERAL SUPPORT 1,058
    Total .................................bullet 3a 15,440,346
    bApproved for future payment
    Total .................................bullet 3b  
    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 60,069,533  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aINCOME FROM REAL ESTATE     		    01 1,129,490  
    bRETURNED GRANT     01 35,626  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) ..   63,819,774  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    63,819,774
    (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 AllOthProgRltdInvestmentsSch
    Name:
    The Colorado Trust
    EIN:
    84-0994055
    Category Amount
    LOW INT. RATE LOAN TO NONPROFITS & COLORADO ENTERPRISE FUND TO INCREASE LENDING TO ORGANIZATIONS THAT SERVE UNDER-REPRESENTED COMMUNITIES THROUGHOUT COLORADO 6,492,000

    TY 2021 CompensationExplanation
    Name:
    The Colorado Trust
    EIN:
    84-0994055
    Person Name Explanation
    Bruce N Calonge MD $214,204 OF REPORTABLE COMPENSATION IS ACCRUED SEVERANCE

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

    TY 2021 DepreciationSchedule
    Name:
    The Colorado Trust
    EIN:
    84-0994055
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    LEASEHOLD IMPROVE   686,767 0            
    BUILDING IMPROVEME   5,478 5,478   39        
    BUILDING IMPROVEME   55,921 40,870   39        
    FURNITURE & EQUIP   7,742 7,742            
    FURNITURE & EQUIP   317,683 316,101            
    EQUIPMENT   161,193 161,193            
    EQUIPMENT   727,112 536,490            

    TY 2021 GeneralExplanationAttachment
    Name:
    The Colorado Trust
    EIN:
    84-0994055
    Identifier Return Reference Explanation
    Form 990-PF, Part I, Line 16c Form 990-PF, Part I, Line 16c Attachment 2: * INDEPENDENT EVALUATIONS ARE CONDUCTED FOR A LARGE MAJORITY OF GRANT MAKING PROGRAMS OF THE COLORADO TRUST TO HELP IDENTIFY WHERE THE TRUST AND GRANTEES SHOULD ADJUST STRATEGIES AS WELL AS DETERMINE EFFECTIVENESS OF DIFFERENT STRATEGIES AND TO HELP SHAPE FUTURE PROGRAMS BY IDENTIFYING EMERGING NEEDS WITHIN COLORADO. THE RESULTS OF THESE EVALUATIONS ARE WIDELY COMMUNICATED TO GRANTEES AND TO OTHER FOUNDATIONS NATIONALLY SO THEY CAN BENEFIT FROM LESSONS LEARNED BY THE TRUST. ALTHOUGH THESE EXPENSES ARE CLASSIFIED AS "OPERATING AND ADMINISTRATIVE" FOR TAX PURPOSES THEY ARE AN ESSENTIAL COMPONENT OF RESPONSIBLE GRANT-MAKING. ** PROGRAM RELATED CONSULTANTS ARE RETAINED FOR MOST GRANT STRATEGIES. THESE CONSULTANTS PROVIDE ESSENTIAL SERVICE IN THE FORM OF TECHNICAL ASSISTANCE TO BOTH GRANTEES AND STAFF. THEY ARE ALSO RETAINED TO ADVANCE PROGRAMMATIC EFFORTS IN A HIGHLY ACCOUNTABLE WAY. ALTHOUGH THESE EXPENSES ARE CLASSIFIED AS "OPERATING AND ADMINISTRATIVE" FOR TAX PURPOSES THEY ARE AN ESSENTIAL COMPONENT OF RESPONSIBLE GRANT MAKING.
    section 59(e)(2) Expenditures Form 990-T, Part I, Line 5 IRS Sec. 59(e)(1); Reg. 1.59-1(B)(1) Sec. 263(c) Amortization Period: 5 years (60 months) Tax Payer Elects to capitalize and Amortize intangible drilling costs reported on the following K-1's: Commonfund Capital Natural Resources Partners VII, LP EIN: (51-0605779) Amount of Amortization taken in Current Year: 2,236 Commonfund Capital Natural Resources Partners VIII, LP EIN: (26-3180228) Amount of Amortization taken in Current Year: 11,831 Commonfund Capital Natural Resources Partners IX, LP EIN: (37-1656529) Amount of Amortization taken in Current Year: 77,257 Commonfund Capital Private Equity Partners VIII, L.P. EIN: (27-4641880) Amount of Amortization taken in Current Year: 924 Commonfund Capital Private Equity Partners IX, L.P. EIN: (36-4778201) Amount of Amortization taken in Current Year: 341

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    The Colorado Trust
    EIN:
    84-0994055
    Name of Bond End of Year Book Value End of Year Fair Market Value
    VANGUARD INFLATION PROTECTED 14,669,307 14,669,307
    MCKAY SHIELDS 9,007,817 9,007,817
    SSGA 34,837,955 34,837,955
    BLACK ROCK 0 0

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    The Colorado Trust
    EIN:
    84-0994055
    Name of Stock End of Year Book Value End of Year Fair Market Value
    S&P 500 INDEX FUND 97,781,812 97,781,812
    WELLINGTON 26,103,597 26,103,597
    GQG PARNTERS GLOBAL EQUITY FUN 26,361,698 26,361,698
    BLACKROCK IMI FUND 0 0
    BALLIE GIFFORD INTL EQUITY 15,630,331 15,630,331
    LAZARD 0 0
    OWNERSHIP CAPITAL GLOBAL 25,738,658 25,738,658
    SILCHESTER INTERNATIONAL 29,570,167 29,570,167
    INDEPENDENT FRANCHISE PARTNERS 26,269,651 26,269,651
    RBC GLOBAL EMERGING MARKET 15,930,979 15,930,979

    TY 2021 InvestmentsOtherSchedule2
    Name:
    The Colorado Trust
    EIN:
    84-0994055
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    COMMONFUND FMV 57,362,708 57,362,708
    PRISA REIT FMV 22,847,616 22,847,616
    OCM EUROPEAN PRINCIPAL-OAKTREE FMV 7,909 7,909
    HIGHBAR PARTNERS III FMV 7,587,980 7,587,980
    PIMCO ALL ASSET FUND FMV    
    WELLINGTON FMV 5,299,523 5,299,523
    UBS REAL ESTATE INVESTORS LLC FMV 11,743,291 11,743,291
    ARROWGRASS FMV 498,548 498,548
    ARES CO FUND V FMV 4,999,091 4,999,091
    APOLLO INVEST FUND VIII FMV 2,803,739 2,803,739
    RCP FUND IX FMV 5,235,714 5,235,714
    DOVER STREET IX FMV 3,946,770 3,946,770
    SCULPTOR OZ OVERSEAS FUND II FMV 15,392,751 15,392,751
    KABOUTER INTERNATIONAL FMV 15,773,375 15,773,375
    RIVERGLADE FMV 3,302,230 3,302,230
    PHARO GAIA FUND 2 FMV 5,656,239 5,656,239
    ORCHARD LANDMARK LTD FMV 5,295,853 5,295,853
    AXIOM ASIA FMV 7,694,189 7,694,189
    CANVAS DISTRESSED FUND FMV 2,218,486 2,218,486
    CVI CREDIT VALUE FUND IV CVAL FMV 7,669,910 7,669,910
    PERMIRA CREDIT SOLUTIONS FMV 4,231,659 4,231,659
    ACADIAN EMRGING MARKET EQUITY FMV 15,837,192 15,837,192
    CRG PARTNERS IV FMV 1,064,023 1,064,023
    LATOUR CAPITAL III FMV 5,185,111 5,185,111
    PONTIFAX AGTECH FUND II FMV 1,345,554 1,345,554
    THOMA BRAVO FND XIII FMV 8,653,688 8,653,688
    BLACKSTONE PROPERTY PARTNERS FMV 24,508,806 24,508,806
    KENNEDY LEWIS FMV 6,581,283 6,581,283
    DAVIDSON KEMPNER FMV 10,774,413 10,774,413
    THOMAS BRAVO XIV FMV 4,867,845 4,867,845
    GCM GROSVENOR ADV FEEDER FMV 1,556,237 1,556,237
    HCAP PARTNERS FUND V FMV 1,125,902 1,125,902
    SUSTAINABLE ASSET FUND FMV 432,136 432,136

    TY 2021 LandEtcSchedule2
    Name:
    The Colorado Trust
    EIN:
    84-0994055
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LEASEHOLD IMPROVE 686,767 0 686,767  
    BUILDING IMPROVEME 5,478 5,478    
    BUILDING IMPROVEME 55,921 40,870 15,051  
    FURNITURE & EQUIP 7,742 7,742    
    FURNITURE & EQUIP 317,683 316,101 1,582  
    EQUIPMENT 161,193 161,193    
    EQUIPMENT 727,112 536,490 190,622  


    TY 2021 OtherAssetsSchedule
    Name:
    The Colorado Trust
    EIN:
    84-0994055
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    INVESTMENTS HELD UNDER      
    DEFERRED COMP AGREEMENTS 377,773 398,781 398,781
    DISTRIBUTION RECEIVABLE 145,219 716,771 716,771
    INTEREST RECEIVABLE 24,449 53,209 53,209
    GRANT RETURN RECEIVABLE 3,303 0 0
    PROGRAM RELATED INVESTMENT 7,664,154 15,463,311 15,463,311


    TY 2021 OtherDecreasesSchedule
    Name:
    The Colorado Trust
    EIN:
    84-0994055
    Description Amount
    GRANT ACCRUAL ADJUSTMENT 4,093,599
    DEFERRED FED EXCISE TAX 50,003


    TY 2021 OtherExpensesSchedule
    Name:
    The Colorado Trust
    EIN:
    84-0994055
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROFESSIONAL DEVELOPMENT 0 157   17,607
    STRATEGIC COMMUNICATIONS 0 0   6,075
    REPAIR & MAINTENANCE 21,412 405   19,790
    SPONSORSHIPS 147,200 0   145,500
    MEMBERSHIP DUES 150,868 1   132,693
    TELEPHONE 88,642 2,171   93,777
    INSURANCE 51,646 2,582   49,064
    MISCELLANEOUS EXPENSE 43,553 1,083   49,388
    EVENTS 3,662 0   0
    TEMPORARY OFFICE 2,214 0   2,214
    HUMAN RESOURCES 116,307 1,724   118,050
    OFFICE SUPPLIES 32,001 2,031   29,470
    EMPLOYEE WELLNESS 17,010 797   15,148
    INFORMATION TECHNOLOGY 454,718 21,209   429,652
    BANK FEES & CHARGES 34,852 1,743   33,109
    BOOKS & SUBSCRIPTIONS 21,077 460   24,856
    TRANSIT PASSES 206 10   196
    POSTAGE & DELIVERY 3,938 0   4,058
    OTHER EXPENSES FROM PASS THROU 0 2,740,502    


    TY 2021 OtherIncomeSchedule2
    Name:
    The Colorado Trust
    EIN:
    84-0994055
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    INCOME FROM REAL ESTATE 1,129,490    
    RETURNED GRANT 35,626    
    INCOME FROM PASS THROUGH ENTITIES   1,375,011  


    TY 2021 OtherIncreasesSchedule
    Name:
    The Colorado Trust
    EIN:
    84-0994055
    Description Amount
    AMORTIZATION DEFERRED GAIN 249,600
    UNREALIZED GAIN ON INVESTMENTS 28,126,193
    DIFFERENCE IN INVESTMENT FEES 7,650


    TY 2021 OtherLiabilitiesSchedule
    Name:
    The Colorado Trust
    EIN:
    84-0994055
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED EXCISE TAX PAYABLE 538,562 807,073


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    The Colorado Trust
    EIN:
    84-0994055
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONTRACT SERVICES 2,637,468 6,342   2,671,542
    INVESTMENT MANAGER FEES 5,987,981 5,987,981    


    TY 2021 TaxesSchedule
    Name:
    The Colorado Trust
    EIN:
    84-0994055
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCRUED FEDERAL EXCISE TAX 217,974      
    FOREIGN TAX FROM PASSTHROUGH   384,857    
    2020 EXTENSION PAYMENT - EXCIS 213,000      
    2021 EST TAX PAYMENTS - EXCISE 250,000      
    2020 STATE TAX EXT 2,400