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 12-01-2021 , and ending 11-30-2022
Name of foundation
ADOLPH COORS FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)215 SAINT PAUL STREET STE 300
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
DENVER, CO80206
A Employer identification number

51-0172279
B Telephone number (see instructions)

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

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$229,653,311J 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 7,209 7,209  
4 Dividends and interest from securities... 3,169,636 3,169,636  
5a Gross rents............ 1,557,974 1,557,974  
b Net rental income or (loss) 1,057,474
6a Net gain or (loss) from sale of assets not on line 10 12,196,130
b Gross sales price for all assets on line 6a 12,196,130
7 Capital gain net income (from Part IV, line 2)... 12,196,130
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 124,209 124,209  
12 Total. Add lines 1 through 11........ 17,055,158 17,055,158  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 370,000 74,000   296,000
14 Other employee salaries and wages...... 502,868     502,868
15 Pension plans, employee benefits....... 191,009 10,919   180,090
16a Legal fees (attach schedule)......... Click to see attachment 29,647 1,011   28,636
b Accounting fees (attach schedule)....... Click to see attachment 36,382 12,002   24,380
c Other professional fees (attach schedule).... Click to see attachment 434,645 357,440   77,205
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 249     240
19 Depreciation (attach schedule) and depletion... Click to see attachment 305,745 236,879  
20 Occupancy.............. 69,808     69,808
21 Travel, conferences, and meetings....... 61,971     61,971
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 794,155 651,447   142,708
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,796,479 1,343,698   1,383,906
25 Contributions, gifts, grants paid....... 10,573,251 10,573,251
26 Total expenses and disbursements. Add lines 24 and 25 13,369,730 1,343,698   11,957,157
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,685,428
b Net investment income (if negative, enter -0-) 15,711,460
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............. 1,851,061 1,859,031 1,859,031
2 Savings and temporary cash investments......... 269,577 533,963 533,963
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)....... 142,992,835 Click to see attachment144,311,439 169,300,562
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet12,107,026
Less: accumulated depreciation (attach schedule) bullet1,993,887 10,350,018 Click to see attachment10,113,139 17,898,306
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 19,730,970 Click to see attachment22,131,184 37,263,679
14 Land, buildings, and equipment: basis bullet3,367,752
Less: accumulated depreciation (attach schedule) bullet569,982 2,866,637 Click to see attachment2,797,770 2,797,770
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 178,061,098 181,746,526 229,653,311
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment219,623 Click to see attachment219,623
23 Total liabilities (add lines 17 through 22)......... 219,623 219,623
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 177,841,475 181,526,903
29 Total net assets or fund balances (see instructions)..... 177,841,475 181,526,903
30 Total liabilities and net assets/fund balances (see instructions). 178,061,098 181,746,526
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
177,841,475
2
Enter amount from Part I, line 27a .....................
2
3,685,428
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
181,526,903
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
181,526,903
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.)
1a
b
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
b
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
b
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 12,196,130
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........................... 3 218,389
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- ..... 5 218,389
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 148,873
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 148,873
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 69,516
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet   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? ....................
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 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)
    bullet
    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
    Yes
     
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.COORSFOUNDATION.ORG
    14
    The books are in care ofbulletTHE ORGANIZATION Telephone no.bullet (303) 388-1636

    Located atbullet215 SAINT PAUL STREET NO 300DENVERCO ZIP+4bullet80206
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 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
     
     
    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
    CARRIE COORS TYNAN CEO/SECRETAR
    40.00     		370,000 54,597 0
    215 SAINT PAUL STREET SUITE 300
    DENVER,CO80206
    PETER H COORS CHAIRMAN
    1.00     		0 0 0
    215 SAINT PAUL STREET SUITE 300
    DENVER,CO80206
    JEFFREY H COORS TREASURER
    1.00     		0 0 0
    215 SAINT PAUL STREET SUITE 300
    DENVER,CO80206
    MELISSA COORS OSBORN VICE CHAIR
    1.00     		0 0 0
    215 SAINT PAUL STREET SUITE 300
    DENVER,CO80206
    CECILY COORS GARNSEY VICE CHAIR
    1.00     		0 0 0
    215 SAINT PAUL STREET SUITE 300
    DENVER,CO80206
    BENJAMIN R WINDSOR ASSISTANT TR
    1.00     		0 0 0
    215 SAINT PAUL STREET SUITE 300
    DENVER,CO80206
    CARIN COORS BREMER TRUSTEE
    1.00     		0 0 0
    215 SAINT PAUL STREET SUITE 300
    DENVER,CO80206
    CHRISTINA COORS WILLIAMS TRUSTEE
    1.00     		0 0 0
    215 SAINT PAUL STREET SUITE 300
    DENVER,CO80206
    MICHAEL L GARNSEY TRUSTEE
    1.00     		0 0 0
    215 SAINT PAUL STREET SUITE 300
    DENVER,CO80206
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    SUZI MARCHENA COO
    40.00     		146,641 31,218  
    215 SAINT PAUL STREET SUITE 300
    DENVER,CO80206
    CAROL S STRATHMAN FINANCIAL MA
    40.00     		146,137 7,042  
    215 SAINT PAUL STREET SUITE 300
    DENVER,CO80206
    ELIZABETH LOSINSKI PROGRAM OFFI
    40.00     		90,000 28,741  
    215 SAINT PAUL STREET SUITE 300
    DENVER,CO80206
    CYNTHIA M KENNEDY ADMIN ASST
    40.00     		92,000 9,969  
    215 SAINT PAUL STREET SUITE 300
    DENVER,CO80206
    Total number of other employees paid over $50,000...................bullet  
    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
    CAPFINANCIAL PARTNERS LLC INVESTMENT ADVI 119,416
    4208 SIX FORKS ROAD SUITE 1700
    RALEIGH,NC27609
    HOPLIN JACKSON CONSULTANTS 118,256
    100 FILLMORE STREET SUITE 500
    DENVER,CO80206
    NORTHERN TRUST INVESTMENT MANA 63,979
    1401 LAWRENCE ST STE 1500
    DENVER,CO80202
    CROSBIE REAL ESTATE GROUP REAL ESTATE ADV 51,072
    2795 N SPEER BLVD 10
    DENVER,CO80211
    Total number of others receiving over $50,000 for professional services.............bullet  
    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 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    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
    217,432,292
    b
    Average of monthly cash balances.......................
    1b
    2,453,869
    c
    Fair market value of all other assets (see instructions)................
    1c
    17,898,306
    d
    Total (add lines 1a, b, and c).........................
    1d
    237,784,467
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    237,784,467
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    3,566,767
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    234,217,700
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    11,710,885
    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
    11,710,885
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    218,389
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    218,389
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    11,492,496
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    11,492,496
    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
    11,492,496
    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 11,492,496
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 11,281,019
    b Total for prior years:20, 20, 20  
    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 ........  
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 11,957,157
    a Applied to 2020, but not more than line 2a 11,281,019
    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..... 676,138
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2021.    
    (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  
    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 ..........     		10,816,358
    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 ......     		 
    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:
    MS CARRIE TYNAN CEO
    215 SAINT PAUL STREET SUITE 300
    DENVER,CO80206
    (303) 388-1636
    bThe form in which applications should be submitted and information and materials they should include:
    THE FOUNDATION USES AN ONLINE GRANT APPLICATION PROCESS WHICH CAN BE ACCESSED ON THE WEBSITE AT WWW.COORSFOUNDATION.ORG. INFORMATION REQUIRED WITH THE APPLICATION IS DETAILED ON THE WEBSITE BUT INCLUDES, AMONG OTHER ITEMS, TAX EXEMPTION LETTER AND TAX IDENTIFICATION
    cAny submission deadlines:
    THERE ARE THREE SUBMISSION DEADLINES DURING THE YEAR - MARCH 1ST, JULY 1ST AND NOVEMBER 1ST.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE FOUNDATION HAS LISTED ON ITS WEBSITE THE TYPES OF ACTIVITIES/PROGRAMS FOR WHICH IT WILL NOT MAKE A GRANT.
    Form 990-PF (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
    ACCURACY IN MEDIA
    1717 K STREET NW
    WASHINGTON DC,DC20006     		  PC GENERAL OPERATING 15,000
    ALL AMERICAN FAMILIES
    115 GRAND AVENUE SUITE 2
    DELTA,CO81416     		  PC GENERAL OPERATING 4,000
    ALLIANCE FOR CHOICE IN EDUCATION
    5251 DTC PARKWAY
    SUITE 1150
    GREENWOOD VILLAGE,CO80111     		  PC GENERAL OPERATING 20,000
    AMERICAN ENTERPRISE INSTITUTE
    1789 MASSACHUSETTS AVE
    NW
    WASHINGTON DC,DC20036     		  PC GENERAL OPERATING 175,000
    AMERICAN INDIAN COLLEGE FUND
    8333 GREENWOOD BLVD
    DENVER,CO80221     		  PC GENERAL OPERATING 48,200
    AMERICAN LEGISLATIVE EXCHANGE
    COUNCIL
    2900 CRYSTAL DRIVE
    SUITE 600
    ARLINGTON,VA22202     		  PC GENERAL OPERATING 75,000
    AMERICA'S FUTURE FOUNDATION
    1633 CONNECTICUT AVE NW
    SUITE 300
    WASHINGTON DC,DC20009     		  PC TALENT MARKET GRANT 20,000
    ANDY ZANCA YOUTH EMPOWERMENT
    PROGRAM
    PO BOX 1945
    CARBONDALE,CO81623     		  PC GENERAL OPERATING 5,000
    ARKANSAS VALLEY PREGNANCY
    CENTER
    PO BOX 249
    LA JUNTA,CO81050     		  PC GENERAL OPERARTING 10,000
    BEACON CENTER OF TENNESSEE
    1200 CLINTON STREET
    SUITE 205
    NASHVILLE,TN37203     		  PC GENERAL OPERATING 40,000
    BELAY ENTERPRISES
    13280 E MISSISSIPPI
    AURORA,CO80012     		  PC GENERAL OPERATIONS 25,000
    BIG BROTHERS BIG SISTERS COLORADO
    750 W HAPDEN AVENUE
    SUITE 450
    ENGLEWOOD,CO80110     		  PC GENERAL OPERATIONS 30,000
    BOOK TRUST
    191 UNIVERSITY BLVD
    SUITE 527
    DENVER,CO80206     		  PC GENERAL OPERATIONS 25,000
    BOSTON CHILDREN'S HOSPITAL
    300 LONGWOOD AVENUE
    BOSTON,MA02215     		  PC GENERAL OPERATIONS 250,000
    BOYS & GIRLS CLUB OF FREMONT
    COUNTY
    129 N 4TH STREET
    CANYON CITY,CO81212     		  PC GENERAL OPERATIONS 15,000
    BOYS & GIRLS CLUB OF LA PLATA
    COUNTY
    2750 MAIN AVENUE
    DURANGO,CO81301     		  PC GENERAL OPERATIONS 15,000
    BOYS & GIRLS CLUBS OF METRO DENVER
    2017 WEST 9TH AVENUE
    DENVER,CO80218     		  PC GENERAL OPERATIONS 40,000
    BOYS & GIRLS CLUBS OF NORTHWEST
    COLORADO
    PO BOX 1251
    CRAIG,CO81626     		  PC GENERAL OPERATIONS 20,000
    BOYS HOPE GIRLS HOPE
    3090 S JAMAICA CT 212
    AURORA,CO80014     		  PC GENERAL OPERATIONS 20,000
    BUENA VISTA PREGNANCY CENTER
    28350 CR 317 SUITE 12
    BUENA VISTA,CO81211     		  PC GENERAL OPERATIONS 7,500
    CALIFORNIA POLICY CENTER
    18002 IRVINE BLVD
    SUITE 108
    TUSTIN,CA92780     		  PC GENERAL OPERATIONS 35,000
    CANON LITERACY CENTER
    PO BOX 1793
    CANON CITY,CO81215     		  PC GENERAL OPERATIONS 5,000
    CASCADE POLICY INSTITUTE
    4850 SW SCHOLLS FERRY
    ROAD SUITE 103
    PORTLAND,OR97225     		  PC GENERAL OPERATIONS 30,000
    CATO INSTITUTE
    1000 MASSACHUSETTS AVENUE
    NW
    WASHINGTON DC,DC20001     		  PC GENERAL OPERATIONS 75,000
    CENTER FOR AMERICAN LIBERTY
    320 SOUTH HENRY STREET
    ALEXANDRIA,VA22314     		  PC GENERAL OPERATIONS 200,000
    CENTER FOR EQUAL OPPORTUNITY
    1054 31ST STREET NW
    WASHINGTON DC,DC20007     		  PC GENERAL OPERATIONS 20,000
    CENTER FOR INDIVIDUAL RIGHTS
    1000 CONNECTICUT AVENUE
    NW SUITE 625
    WASHINGTON DC,DC20036     		  PC GENERAL OPERATIONS 35,000
    CHILDREN'S LITERACY CENTER
    2928 STRATUS LANE
    SUITE 100
    COLORADO SPRINGS,CO80907     		  PC GENERAL OPERATIONS 15,000
    CLARE BOOTHE LUCE CENTER FOR
    CONSERVATIVE WOMEN
    112 ELDEN STREET SUITE P
    HERNDON,VA20170     		  PC GENERAL OPERTAIONS 15,000
    COLORADO ASSOCIATION OF BLACK
    PROFESSIONAL ENGINEERS AND SCIENTISTS
    PO BOX 200508
    DENVER,CO80220     		  PC GENERAL OPERATIONS 25,000
    COLORADO COUNCIL FOR ECONOMIC
    EDUCATION
    1355 SOUTH COLORADO BLVD
    SUITE 506
    DENVER,CO80222     		  PC GENERAL OPERATIONS 35,000
    COLORADO I HAVE A DREAM
    FOUNDATION
    1836 GRANT STREET
    DENVER,CO80203     		  PC GENERAL OPERATIONS 15,000
    COLORADO ROBOTICS EXCELLING AT
    SCIENCE AND TECHNOLOGY INC
    501 SOUTH CHERRY STREET
    SUITE 1100
    DENVER,CO80246     		  PC GENERAL OPERATIONS 10,000
    COLORADO SCHOOL OF MINES FOUNDATION
    PO BOX 4005
    GOLDEN,CO80402     		  PC PROGRAM SPECIFIC 104,000
    COLORADO SCHOOL OF MINES FOUNDATION
    PO BOX 4005
    GOLDEN,CO80402     		  PC PROGRAM SPECIFIC 206,500
    COLORADO SCHOOL OF MINES FOUNDATION
    PO BOX 4005
    GOLDEN,CO80402     		  PC PROGRAM SPECIFIC 75,000
    COLORADO SUCCEEDS
    8200 SHAFFER PKWY
    PO BOX 271432
    LITTLETON,CO80127     		  PC PROGRAM SPECIFIC 100,000
    COLORADO UPLIFT
    400 WEST 48TH AVENUE
    SUITE 250
    DENVER,CO80216     		  PC GENERAL OPERATIONS 40,000
    COMMON SENSE POLICY ROUNDTABLE
    6295 GREENWOOD PLAZA BLVD
    SUITE 100
    GREENWOOD VILLAGE,CO80111     		  PC GENERAL OPERATIONS 200,000
    CONGRESSIONAL MEDAL OF HONOR
    SOCIETY
    40 PATRIOTS POINT ROAD
    MOUNT PLEASANT,SC29464     		  PC GENERAL OPERATIONS 30,000
    DISCOVERY INSTITUTE
    208 COLUMBIA STREET
    SEATTLE,WA98104     		  PC GENERAL OPERATIONS 25,000
    DONORSTRUST
    1800 DIAGONAL ROAD
    SUITE 280
    ALEXANDRIA,VA22314     		  PC PROGRAM SPECIFIC 250,000
    DONORSTRUST
    1800 DIAGONAL ROAD
    SUITE 280
    ALEANDRIA,VA22314     		  PC PROGRAM SPECIFIC 500,000
    DONORSTRUST
    1800 DIAGONAL ROAD
    SUITE 280
    ALEXANDRIA,VA22314     		  PC PROGRAM SPECIFIC 2,624,000
    DREAMSPRING
    2000 ZEARING AVENUE NW
    ALBUQUERQUE,NM87104     		  PC GENERAL OPERATIONS 15,000
    DRESS FOR SUCCESS DENVER
    2425 S COLORADO BLVD
    200
    DENVER,CO80222     		  PC GENERAL OPERTAIONS 15,000
    EAST GRAND SCHOOL DISTRICT
    PO BOX 125
    GRANBY,CO80446     		  GOV PROGRAM SPECIFIC 70,000
    EDCHOICE
    111 MONUMENT CIRCLE
    SUITE 2650
    INDIANAPOLIS,IN46204     		  PC GENERAL OPERATIONS 25,000
    EMERGENT ORDER FOUNDATION
    4450 FRONTIER TRAIL
    AUSTIN,TX78745     		  PC PROGRAM SPECIFIC 250,000
    ETHICS AND PUBLIC POLICY CENTER
    1730 M STREET NW
    SUITE 910
    WASHINGTON DC,DC20036     		  PC GENERAL OPERATIONS 75,000
    FAMILY RESOURCE CENTER
    120 MAIN STREET
    STERLING,CO80751     		  PC GENERAL OPERATIONS 10,000
    FEDERALIST SOCIETY
    1776 I STREET NW
    SUITE 300
    WASHINGTON DC,DC20006     		  PC GENERAL OPERATIONS 75,000
    FIRST SOUTHWEST COMMUNITY FUND
    720 MAIN STREET
    ALAMOSA,CO81101     		  PC GENERAL OPERATIONS 15,000
    FORWARD STEPS FOUNDATION
    PO BOX 3484
    BOULDER,CO80307     		  PC GENERAL OPERATIONS 12,000
    FRANKLIN NEWS FOUNDATION
    20 N CLARK STREET
    SUITE 3300
    CHICAGO,IL60602     		  PC GENERAL OPERATIONS 35,000
    FREEDOMWORKS FOUNDATION
    111 K STREET NE
    SUITE 600
    WASHINGTON DC,DC20002     		  PC GENERAL OPERATIONS 40,000
    FULL CIRCLE RESTORATIVE JUSTICE
    PO BOX 603
    SALIDA,CO81201     		  PC GENERAL OPERATIONS 10,000
    GENERATION JUSTICE
    3900 EAST CAMELBACK ROAD
    300
    PHOENIX,AZ85018     		  PC GENERAL OPERATIONS 100,000
    GEORGIA CENTER FOR OPPORTUNITY
    333 RESEARCH COURT
    SUITE 210
    PEACHSTREET CORNERS,GA30092     		  PC GENERAL OPERATIONS 40,000
    GOLDWATER INSTITUTE
    500 E CORONADO ROAD
    PHOENIX,AZ85004     		  PC GENERAL OPERATIONS 60,000
    GOVERNMENT JUSTICE CENTER
    PO BOX 7113
    ALBANY,NY12224     		  PC GENERAL OPERATIONS 15,000
    GREENHOUSE SCHOLARS
    1820 FOLSOM STREET
    BOULDER,CO80302     		  PC GENERAL OPERATIONS 250,000
    HANDS OF THE CARPENTER
    16097 S GOLDEN ROAD
    GOLDEN,CO80401     		  PC GENERAL OPERATIONS 30,000
    HERITAGE FOUNDATION
    214 MASSACHUSETTS AVE NE
    WASHINGTON DC,DC20002     		  PC GENERAL OPERATIONS 75,000
    HILLSDALE COLLEGE
    33 EAST COLLEGE
    HILLSDALE,MI49242     		  PC PROGRAM SPECIFIC 236,200
    HOSPICE OF MONTEZUMA
    512 N BROADWAY
    CORTEZ,CO81321     		  PC PROGRAM SPECIFIC 8,000
    HUDSON INSTITUTE
    1201 PENNSYLVANIA AVENUE
    SUITE 400
    WASHINGTON DC,DC20004     		  PC GENERAL OPERATIONS 30,000
    INDEPENDENCE INSTITUTE
    727 E 16TH AVENUE
    DENVER,CO80203     		  PC PROGRAM SPECIFIC 3,100
    INDEPENDENCE INSTITUTE
    727 E 16TH AVENUE
    DENVER,CO80203     		  PC GENERAL OPERATIONS 75,000
    INDEPENDENT INSTITUTE
    100 SWAN WAY
    OAKLAND,CA94621     		  PC GENERAL OPERATIONS 60,000
    INSTITUTE FOR FREE SPEECH
    1500 CONNECTICUT AVENUE
    NW SUITE 801
    WASHINGTON DC,DC20036     		  PC GENERAL OPERATIONS 30,000
    INSTITUTE FOR JUSTICE
    901 NORTH GLEBE ROAD
    SUITE 900
    ARLINGTON,VA22203     		  PC GENERAL OPERATIONS 70,000
    JOIN FREEWORLD INC
    410 EAST SANTA CLARA
    STREET SUITE 950
    SAN JOSE,CA95113     		  PC PROGRAM SPECIFIC 250,000
    JUNIOR ACHIEVEMENT - ROCKY MOUNTAIN
    1445 MARKET STREET
    SUITE 200
    DENVER,CO80202     		  PC GENERAL OPERATIONS 50,000
    JUNIOR ACHIEVEMENT - ROCKY MOUNTAIN
    1445 MARKET STREET
    SUITE 200
    DENVER,CO80202     		  PC CAPITAL GRANT 150,000
    KENT DENVER COUNTRY DAY SCHOOL
    4000 EAST QUINCY AVENUE
    ENGLEWOOD,CO80113     		  PC GENERAL OPERATIONS 20,000
    LARIMER COUNTY PARTNERS
    530 SOUTH COLLEGE AVENUE
    UNIT 1
    FORT COLLINS,CO80524     		  PC GENERAL OPERATIONS 20,000
    LEADERSHIP PROGRAM OF THE ROCKIES
    1777 S HARRISON STREET
    SUITE 807
    DENVER,CO80210     		  PC GENERAL OPERATIONS 30,000
    LIBERTAS INSTITUTE
    2183 W MAIN STREET
    SUITE 102
    LEHI,UT84043     		  PC PROGRAM SPECIFIC 222,000
    MACKINAC CENTER FOR PUBLIC POLICY
    PO BOX 568
    MIDLAND,MI48640     		  PC GENERAL OPERATIONS 35,000
    MINDS MATTER COLORADO
    1391 SPEER BLVD
    SUITE 710
    DENVER,CO80204     		  PC GENERAL OPERATIONS 15,000
    MT CARMEL VETERANS SERVICE CENTER
    PO BOX 85
    COLORADO SPRINGS,CO80901     		  PC GENERAL OPERATIONS 100,000
    NATIONAL ASSOCIATION OF SCHOLARS
    420 MADISON AVENUE
    7TH FLOOR
    NEW YORK,NY10017     		  PC GENERAL OPERATIONS 60,000
    NATIONAL TAXPAYERS UNION FOUNDATION
    122 C STREET NW
    SUITE 650
    WASHINGTON DC,DC20001     		  PC GENERAL OPERATIONS 20,000
    PACIFIC LEGAL FOUNDATION
    555 CAPITOL MALL
    SUITE 1290
    SACRAMENTO,CA95814     		  PC GENERAL OPERATIONS 90,000
    PEOPLE UNITED FOR PRIVACY
    FOUNDATION
    5955 W PEORIA AVE
    6282
    GLENDALE,AZ85302     		  PC GENERAL OPERATIONS 25,000
    PHILANTHROPY COLORADO
    600 SOUTH CHERRY STREET
    SUITE 1200
    DENVER,CO80246     		  PC PROGRAM SPECIFIC 4,865
    PHILANTHROPY ROUNDTABLE
    1120 20TH STREET NW
    SUITE 550S
    WASHINGTON DC,DC20036     		  PC GENERAL OPERATIONS 75,000
    PIONEER INSTITUTE
    185 DEVONSHIRE STREET
    SUITE 1101
    BOSTON,MA02110     		  PC GENERAL OPERATIONS 30,000
    PLAYWORKS
    66 S LOGAN STREET
    SUITE 211
    DENVER,CO80207     		  PC GENERAL OPERATIONS 10,000
    PREGNANCY RESOURCE CENTER
    PO BOX 837
    GLENWOOD SPRINGS,CO81602     		  PC GENERAL OPERATIONS 15,000
    PROJECT RESTART INC
    1903S GRANT STREET
    DENVER,CO80210     		  PC GENERAL OPERATIONS 50,000
    PUEBLO CRISIS PREGNANCY CENTER
    500 COLORADO AVENUE
    PUEBLO,CO81004     		  PC GENERAL OPERATIONS 15,000
    SAGUACHE WORKS
    PO BOX 361
    SAGUCHE,CO81149     		  PC GENERAL OPERATIONS 5,000
    SAVE OUR YOUTH
    3443 W 23RD AVENUE
    DENVER,CO80211     		  PC GENERAL OPERATIONS 60,000
    SOCCER WITHOUT BORDERS
    2101 16TH STREET
    GREELEY,CO80631     		  PC PROGRAM SPECIFIC 10,000
    STATE FINANCIAL OFFICERS FOUNDATION
    7070 RENNER ROAD
    SUITE 204
    SHAWNEE,KS66217     		  PC GENERAL OPERATIONS 20,000
    STATE POLICY NETWORK
    1655 NORTH FORT MYER DRIV
    SUITE 360
    ARLINGTON,VA22209     		  PC GENERAL OPERATIONS 80,000
    STEP DENVER
    2029 LARIMER STREET
    DENVER,CO80205     		  PC GENERAL OPERATIONS 20,000
    TAX FOUNDATION
    1325 G STREET NW
    SUITE 950
    WASHINGTON DC,DC20005     		  PC GENERAL OPERATIONS 50,000
    TEAM RUBICON
    214 MAIN STREET 354
    EL SEGUNDO,CA90245     		  PC GENERAL OPERATIONS 100,000
    THE BECKET FUND
    1919 PENNSYLVANIA AVE NW
    400
    WASHINGTON DC,DC20006     		  PC GENERAL OPERATIONS 125,000
    THE MASTER'S APPRENTICE
    646 MARIPOSA STREET
    DENVER,CO80204     		  PC GENERAL OPERATIONS 20,000
    THE POWERHOUSE
    1333 CAMINO DEL RIO
    DURANGO,CO81301     		  PC GENERAL OPERATIONS 15,000
    THOMAS JEFFERSON UNIVERSITY
    925 CHESTNUT STREET
    SUITE 120
    PHILADELPHIA,PA19107     		  PC PROGRAM SPECIFIC 243,100
    TOWN OF BRISTOL IMPROVEMENTS
    BOARD
    101 SOUTH LABELLE AVENUE
    BRISTOL,CO81047     		  GOV GENERAL OPERATIONS 15,000
    TURNING POINT USA NFP
    4940 EAST BEVERLY ROAD
    PHOENIX,AZ85044     		  PC GENERAL OPERATIONS 50,000
    UC REGENTS
    550 ALUMNI LANE 2ND FLR
    CONFERENCE CENTER
    DAVIS,CA95616     		  PC PROGRAM SPECIFIC 103,286
    UC REGENTS
    550 ALUMNI LANE 2ND FLR
    CONFERENCE CENTER
    DAVIS,CA95616     		  PC PROGRAM SPECIFIC 365,000
    UNIVERSITY OF COLORADO FOUNDATION
    13001 E 17TH PLACE
    AURORA,CO80045     		  PC PROGRAM SPECIFIC 31,500
    WESTERN STOCK SHOW ASSOCIATION
    4655 HUMBOLDT STREET
    DENVER,CO80216     		  PC GENERAL OPERATIONS 500,000
    WISCONSIN INSTITUTE FOR LAW &
    LIBERTY
    330 EAST KILBOURN AVENUE
    SUITE 725
    MILWAUKEE,WI53202     		  PC GENERAL OPERATIONS 40,000
    WOMEN'S BEAN PROJECT
    321 CURTIS STREET
    DENVER,CO80205     		  PC CAPITAL GRANT 100,000
    WORK OPTIONS FOR WOMEN
    1200 FEDERAL BLVD
    DENVER,CO80204     		  PC GENERAL OPERATIONS 25,000
    YOUNG AMERICANS CENTER FOR
    FINANCIAL EDUCATION
    3550 EAST FIRST AVENUE
    DENVER,CO80206     		  PC GENERAL OPERATIONS 30,000
    YOUNG AMERICANS CENTER FOR
    FINANCIAL EDUCATION
    3550 EAST FIRST AVENUE
    DENVER,CO80206     		  PC PROGRAM SPECIFIC 10,000
    YOUTHZONE
    413 9TH STREET
    GLENWOOD SPRINGS,CO81601     		  PC GENERAL OPERATIONS 10,000
    Total .................................bullet 3a 10,573,251
    bApproved for future payment
    SUSAN SAMUELI CENTER FOR
    INTEGRATIVE MEDICINE - UC IRVINE
    1111 HEWIT HALL
    IRVINE,CA92697     		  PC PROGRAM SPECIFIC 260,000
    BOSTON CHILDREN'S HOSPITAL
    300 LONGWOOD AVENUE
    BOSTON,MA02215     		  PC PROGRAM SPECIFIC 250,000
    EMERGENT ORDER FOUNDATION
    4450 FRONTIER TRAIL
    AUSTIN,TX78745     		  PC PROGRAM SPECIFIC 250,000
    UC REGENTS - UC DAVIS
    550 ALUMNI LANE 2ND FLR
    CONFERENCE CENTER
    DAVIS,CA95616     		  PC GENERAL OPERATIONS 105,783
    LIBERTAS INSTITUTE
    2183 W MAIN STREET
    SUITE A102
    LEHI,UT84043     		  PC PROGRAM SPECIFIC 92,000
    JOIN FREEWORLD INC
    410 EAST SANTA CLARA
    STREET SUITE 950
    SAN JOSE,CA95113     		  PC PROGRAM SPECIFIC 500,000
    GREENHOUSE SCHOLARS
    1820 FOLSOM STREET
    BOULDER,CO80302     		  PC PROGRAM SPECIFIC 600,000
    COMMON SENSE INSTITUTE
    6295 GREENWOOD PLAZA
    BLVD 100
    GREENWOOD VILLAGE,CO80111     		  PC PROGRAM SPECIFIC 800,000
    Total .................................bullet 3b 2,857,783
    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 ...........     		    14 7,209  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 1,057,474  
    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 12,196,130  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) ..   16,554,658  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    16,554,658
    (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:
    ADOLPH COORS FOUNDATION
    EIN:
    51-0172279
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    KUNDINGER, CORDER & MONTOYA PC 30,200 9,060   21,140
    LISA ERNST CPA INC. 5,884 2,942   2,942
    OTHER 298     298

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

    TY 2021 DepreciationSchedule
    Name:
    ADOLPH COORS FOUNDATION
    EIN:
    51-0172279
    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
    DEPRECIATION           305,745      

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    ADOLPH COORS FOUNDATION
    EIN:
    51-0172279
    Name of Stock End of Year Book Value End of Year Fair Market Value
    MARKETABLE EQUITY FUNDS MANAGED BY N 144,311,439 169,300,562

    TY 2021 InvestmentsLandSchedule2
    Name:
    ADOLPH COORS FOUNDATION
    EIN:
    51-0172279
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LAND 2,913,306   2,913,306 2,913,306
    BUILDING 9,193,720 1,993,887 7,199,833 14,985,000

    TY 2021 InvestmentsOtherSchedule2
    Name:
    ADOLPH COORS FOUNDATION
    EIN:
    51-0172279
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    CORSAIR IV, LP AT COST   179,501
    PILOTHOUSE VENTURE FUND AT COST 1,399,098 7,557,733
    AMGIC VC DIRECT AT COST 441,937 1,150,057
    GLOBAL SPECIAL OPPORTUNITIES AT COST 327,003 341,590
    SIGULER GUFF OPPORTUNITIES FUND III AT COST 1,223,388 2,068,184
    TWO SIGMA ABSOLUTE RETURN CAYMAN LTD AT COST 6,000,000 8,904,452
    MONARCH CAPITAL PARTNERS OFFSHORE IV AT COST 968,575 1,290,555
    MONARCH CAPITAL PARTNERS OFFSHORE V AT COST 1,600,000 1,890,449
    DAVIDSON KEMPNER INTERNATIONAL (BVI) AT COST 5,000,000 6,395,870
    SIGULER GUFF OPPORTUNITIES FUND IV AT COST 1,639,942 2,540,733
    SIGULER GUFF OPPORTUNITIES FUND V AT COST 342,752 342,752
    GREENSPRING STEPSTONE GLOBAL IX AT COST 1,587,678 2,871,312
    GREENSPRING STEPSTONE GLOBAL X AT COST 1,450,811 1,580,491
    GREENSPRING STEPSTONE GLOBAL XI AT COST 150,000 150,000

    TY 2021 LandEtcSchedule2
    Name:
    ADOLPH COORS FOUNDATION
    EIN:
    51-0172279
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    BUILDING 2,546,977 562,552 1,984,425 2,546,977
    ARTWORK 112,494   112,494 112,494
    FURNITURE 24,913 7,430 17,483 24,913
    LAND 683,368   683,368 683,368


    TY 2021 LegalFeesSchedule
    Name:
    ADOLPH COORS FOUNDATION
    EIN:
    51-0172279
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    POLSINELLI 5,192     5,192
    MAVEN LAW GROUP 23,444     23,444
    MOYE WHITE 1,011 1,011    


    TY 2021 OtherExpensesSchedule
    Name:
    ADOLPH COORS FOUNDATION
    EIN:
    51-0172279
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    215 ST. PAUL STREET, DENVER        
    REPAIRS AND MAINTENANCE 45,705 45,705    
    LANDSCAPING 24,952 24,952    
    CLEANING 37,309 37,309    
    SECURITY 17,721 17,721    
    UTILITIES 58,469 58,469    
    PARKING AND GARAGE 689 689    
    MANAGEMENT FEES 27,806 27,806    
    ADMINISTRATIVE 21,518 21,518    
    INSURANCE 14,916 14,916    
    PROPERTY TAXES 251,415 251,415    
    EXPENSES        
    OFFICE MAINTENANCE 3,129     3,129
    RELOCATION EXPENSE 20,000     20,000
    TELEPHONE 10,252     10,252
    POSTAGE 855     855
    SOFTWARE 6,282     6,282
    FURNITURE (NONCAPITALIZED) 10,096     10,096
    OFFICE SUPPLIES 7,497     7,497
    FOUNDATION EVENTS 2,891     2,891
    BUSINESS EXPENSES & REIMBURSE 23,796     23,796
    TRUSTEE EXPENSE REIMBURSEMENT 6,336     6,336
    PENSION MANAGEMENT 3,035     3,035
    BUSINESS INSURANCE 14,361     14,361
    PROFESSIONAL DEVELOPMENT 6,198     6,198
    DUES, SUBSCRIPTIONS AND BOOKS 5,427     5,427
    MISCELLANEOUS 7,567     7,567
    PROGRAM DEVELOPMENT 1,552     1,552
    TENANT IMPROVEMENTS 150,947 150,947    
    WEBSITE DATABASE 13,434     13,434


    TY 2021 OtherIncomeSchedule2
    Name:
    ADOLPH COORS FOUNDATION
    EIN:
    51-0172279
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PILOTHOUSE VENTURE FUND VII, -89,088 -89,088  
    CORSAIR IV, LP 89,204 89,204  
    AMGIC VC DIRECT LLLP -10,271 -10,271  
    GLOBAL SPECIAL OPPORTUNITIES -12,753 -12,753  
    SSGA GLOBAL MANAGED VOLATILIT 200,314 200,314  
    SIGULER GUFF III -19,915 -19,915  
    SIGULER GUFF IV -33,282 -33,282  


    TY 2021 OtherLiabilitiesSchedule
    Name:
    ADOLPH COORS FOUNDATION
    EIN:
    51-0172279
    Description Beginning of Year - Book Value End of Year - Book Value
    SECURITY DEPOSIT 219,623 219,623


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    ADOLPH COORS FOUNDATION
    EIN:
    51-0172279
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CAPFINANCIAL PARTNERS 119,416 119,416    
    NORTHERN TRUST 63,979 63,979    
    STATE STREET GLOBAL ADVISORS 4,638 4,638    
    ANDREW NEWBERG MD 28,800 28,800    
    WELLS SPRINGS LLC 25,407 25,407    
    HOPLIN JACKSON 123,256 64,128   59,128
    PEARL MEYER & PARTNERS 14,650     14,650
    ONSITE CONSULTING 3,427     3,427
    CROSBIE REAL ESTATE GROUP 51,072 51,072    


    TY 2021 TaxesSchedule
    Name:
    ADOLPH COORS FOUNDATION
    EIN:
    51-0172279
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DENVER BUSINESS OCCUPATIONAL TAX 240     240
    UBTI TAX PAYMENT 9