Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
ZOMA FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)8181 E TUFTS AVE 600
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
DENVER, CO80237
A Employer identification number

81-4630003
B Telephone number (see instructions)

(303) 740-9400
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$525,567,101J 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) 1,839,714
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 10,930,566 10,930,566  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -5,736,744
b Gross sales price for all assets on line 6a 128,309,224
7 Capital gain net income (from Part IV, line 2)... 0
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
List of Attached Documents:
// Content
105,791 15,748  
12 Total. Add lines 1 through 11........ 7,139,327 10,946,314  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
25,728 0   25,728
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
5,010,628 459,204   3,923,634
17 Interest............... 160 160   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
563,760 406,213   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,412,439 1,365,579   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 7,012,715 2,231,156   3,949,362
25 Contributions, gifts, grants paid....... 10,281,818 10,281,818
26 Total expenses and disbursements. Add lines 24 and 25 17,294,533 2,231,156   14,231,180
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -10,155,206
b Net investment income (if negative, enter -0-) 8,715,158
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
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............. 560,880 4,963,393 4,963,393
2 Savings and temporary cash investments......... 13,786,389 13,747,547 13,747,547
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow16,498,873
Less: allowance for doubtful accounts right arrow0 10,910,163 Click to see attachment
List of Attached Documents:
// Content
16,498,873 		16,498,873
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).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 488,285,912 Click to see attachment
List of Attached Documents:
// Content
469,347,526 		490,357,288
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 513,543,344 504,557,339 525,567,101
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 right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
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 right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 513,543,344 504,557,339
29 Total net assets or fund balances (see instructions)..... 513,543,344 504,557,339
30 Total liabilities and net assets/fund balances (see instructions). 513,543,344 504,557,339
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
513,543,344
2
Enter amount from Part I, line 27a .....................
2
-10,155,206
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
1,169,201
4
Add lines 1, 2, and 3 ..........................
4
504,557,339
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
504,557,339
Form 990-PF (2023)
Form 990-PF (2023)
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 NORTHERN TRUST #6764 [BRECKINRIDGE]-VARIOUS ST P    
b NORTHERN TRUST #6764 [BRECKINRIDGE]-VARIOUS LT P    
c NORTHERN TRUST #1535 [KBI WATER]-VARIOUS ST P    
d NORTHERN TRUST #1535 [KBI WATER]-VARIOUS LT P    
e NORTHERN TRUST #7533 [CUSTOM GLOBAL]-VARIOUS ST P    
NORTHERN TRUST #7533 [CUSTOM GLOBAL]-VARIOUS LT P    
NORTHERN TRUST #6325 [EQUITIZATION]-VARIOUS ST P    
NORTHERN TRUST #6325 [EQUITIZATION]-SECTION 1256 P    
NORTHERN TRUST #6325 [EQUITIZATION]-SECTION 1256 P    
12,160 SHS - WALMART INC COMMON D    
FROM K-1 PASS-THROUGHS-NET CAPITAL GAINS P    
CAPITAL GAIN DISTRIBUTIONS P    
(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 29,214,881   29,501,756 -286,875
b 55,689,647   61,253,436 -5,563,789
c 3,961,398   3,953,155 8,243
d 13,194,096   13,873,878 -679,782
e 708,480   661,872 46,608
20,442,132   22,099,660 -1,657,528
862,592   862,497 95
666,754     666,754
1,000,132     1,000,132
1,839,714   1,839,714 0
708,760     708,760
20,638     20,638
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       -286,875
b       -5,563,789
c       8,243
d       -679,782
e       46,608
      -1,657,528
      95
      666,754
      1,000,132
      0
      708,760
      20,638
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 -5,736,744
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
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 right arrow 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) 1 121,141
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 121,141
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 121,141
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 155,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 50,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 205,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 83,859
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow83,859 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
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. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet 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)
right arrowAR, CO, DE
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 2023 or the taxable year beginning in 2023? 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
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 addressright arrowN/A
14
The books are in care ofright arrowJESSICA LLOYD Telephone no.right arrow (303) 740-9400

Located atright arrow8181 E TUFTS AVE SUITE 600DENVERCO ZIP+4right arrow80237
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, 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? .................
16Yes  
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrowCA, DA, FR, GM, JA, NL, UK, SZ, SW, SP, HK, AS, MX, BE, AU, FI, IS, NZ, NO, PO, SN, IT
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
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)
 
No
(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
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
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 2023? .............
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 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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 2023 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 2023.) .....................
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 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
Yes
 
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
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
BENJAMIN S WALTON DIRECTOR/ CO-PRESIDENT
5.00 		0 0 0
8181 E TUFTS AVE SUITE 600
DENVER,CO80237
LUCY ANA A WALTON DIRECTOR/ CO-PRESIDENT
5.00 		0 0 0
8181 E TUFTS AVE SUITE 600
DENVER,CO80237
JANNA WILLIAMS TREASURER
12.00 		0 0 0
8181 E TUFTS AVE SUITE 600
DENVER,CO80237
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
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
MCKINSEY INTERNATIONAL INC CONSULTING 3,150,000
711 3RD AVENUE 4TH FL
NEW YORK,NY10017
WALTON ENTERPRISES LLC PROFESSIONAL 612,790
PO BOX 1860
BENTONVILLE,AR72712
NORTHERN TRUST INVESTMENT MANAGEMENT 459,204
50 SOUTH LASALLE STREET
CHICAGO,IL60603
SYSTEMIQ CONSULTING 330,181
8TH FL 110 HIGH HOLBORN
LONDON    
UK
JPMORGAN PRIVATE FOUNDATION SERVICES CONSULTING 100,000
1455 16TH STREET SUITE 407
DENVER,CO80202
Total number of others receiving over $50,000 for professional services.............right arrow2
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 ORGANIZATION: EMERGENT FOREST FINANCE ACCELERATORADDRESS: 156 5TH AVENUE #804, NEW YORK, NY 10010EFFECTIVE DATE: NOVEMBER 9, 2023PURPOSE: SUPPORT THE BORROWER'S WORK TO EXECUTE APPROXIMATELY TEN (10) JURISDICTIONAL SCALECARBON TRANSACTIONS, BUILD MOMENTUM FOR THE ZERO-DEFORESTATION MOVEMENT, AND SUPPORT THE ONGOING OPERATIONS OF THE LEAF COALITION. 5,000,000
2 ORGANIZATION: EMERGENT FOREST FINANCE ACCELERATORADDRESS: 156 5TH AVENUE #804, NEW YORK, NY 10010EFFECTIVE DATE: NOVEMBER 9, 2023PURPOSE: SUPPORT THE BORROWER'S WORK TO EXECUTE APPROXIMATELY TEN (10) JURISDICTIONAL SCALECARBON TRANSACTIONS, BUILD MOMENTUM FOR THE ZERO-DEFORESTATION MOVEMENT, AND SUPPORT THE ONGOING OPERATIONS OF THE LEAF COALITION. 835,000
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow5,835,000
Form 990-PF (2023)
Form 990-PF (2023)
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
389,245,159
b
Average of monthly cash balances.......................
1b
13,776,570
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
403,021,729
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
403,021,729
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
6,045,326
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
396,976,403
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
19,848,820
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
19,848,820
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
121,141
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
121,141
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
19,727,679
4
Recoveries of amounts treated as qualifying distributions................
4
336,332
5
Add lines 3 and 4............................
5
20,064,011
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
20,064,011
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
14,231,180
b
Program-related investments—total from Part VIII-B..................
1b
5,835,000
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
20,066,180
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 20,064,011
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:2019, 2020, 2021 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020...... 7,323,324
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 7,323,324
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 20,066,180
a Applied to 2022, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 20,064,011
e Remaining amount distributed out of corpus 2,169
5 Excess distributions carryover applied to 2023. 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 7,325,493
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		7,325,493
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020.... 7,323,324
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023.... 2,169
Form 990-PF (2023)
Form 990-PF (2023)
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 2023, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
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).)
BENJAMIN S WALTON
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 right arrow
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 (2023)
Form 990-PF (2023)
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

ARAPAHOE COMMUNITY COLLEGE FOUNDATION INC

PO BOX 9002 CAMPUS BOX 43
LITTLETON,CO80160 		UNRELATED PUBLIC CHARITY TO SUPPORT THE COLORADO HEALTH CAREERS ACADEMY COLLABORATIVE PROJECT. 574,594

CAREERWISE COLORADO

400 S COLORADO BLVD 700
DENVER,CO80246 		UNRELATED PUBLIC CHARITY TO PROVIDE GENERAL OPERATING SUPPORT 540,613

CITY YEAR INC

789 SHERMAN STREET 400
DENVER,CO80203 		UNRELATED PUBLIC CHARITY TO PROVIDE GENERAL OPERATING SUPPORT 50,000

CLAYTON EARLY LEARNING

3801 MARTIN LUTHER KINGS BLVD
DENVER,CO80205 		UNRELATED PUBLIC CHARITY TO PROVIDE GENERAL OPERATING SUPPORT 50,000

COLORADO CHILDRENS CAMPAIGN INC

1580 LINCOLN STREET SUITE 420
DENVER,CO80203 		UNRELATED PUBLIC CHARITY TO PROVIDE GENERAL OPERATING SUPPORT 50,000

COLORADO COMMUNITY COLLEGE SYSTEM FOUNDATION

9101 E LOWRY PLACE
DENVER,CO80203 		UNRELATED PUBLIC CHARITY ONE GRANT TO SUPPORT GENERAL OPERATIONS AND ONE GRANT TO SUPPORT CCCS TO COMPLETE PRIOR LEARNING ASSESSMENTS FOR TWO CAREERWISE APPRENTICESHIPS. 100,000

COLORADO DEPARTMENT OF LABOR AND EMPLOYMENT

633 17TH STREET SUITE 1200
DENVER,CO80202 		UNRELATED PUBLIC CHARITY TO SUPPORT THE GENERAL OPERATIONS OF THE OFFICE OF THE FUTURE OF WORK. 25,000

COLORADO FORUM FUND INC

511 16TH STREET SUITE 210
DENVER,CO80202 		UNRELATED PUBLIC CHARITY TO ACCELERATE STATEWIDE COLLABORATION TO HIGHLIGHT COLORADO'S STRENGTHS AS A TECH HUB AND BRING TOGETHER PARTNERS WHO CAN DEVELOP EQUITABLE, INCLUSIVE, AND HIGHLY COMPETITIVE APPLICATIONS FOR TECH HUB DESIGNATION. 100,000

COLORADO HEALTH INSTITUTE

1999 BROADWAY SUITE 600
DENVER,CO80202 		UNRELATED PUBLIC CHARITY TO SUPPORT THE ORGANIZATION'S STRATEGIC FOCUSES AND SUPPORTING INITIATIVES IN PERINATAL MENTAL HEALTH. 125,000

COLORADO MESA UNIVERSITY FOUNDATION

1100 NORTH AVENUE
GRAND JUNCTION,CO81501 		UNRELATED PUBLIC CHARITY TO CONDUCT A COUNTY LEVEL STUDY TO DETERMINE THE ECONOMIC IMPACT OF OUTDOOR RECREATION ON MESA COUNTY. 31,643

COLORADO PERINATAL CARE QUALITY COLLABORATIVE

820 S MONACO PKWY 161
DENVER,CO80224 		UNRELATED PUBLIC CHARITY TO SUPPORT GENERAL OPERATIONS FOR THE MATERNAL MENTAL HEALTH LEADERSHIP COLLABORATIVE. 250,000

COLORADO RIVER BOCES

460 STONE QUARRY RD
BATTLEMENT MESA,CO81635 		UNRELATED PUBLIC CHARITY TO SUPPORT THE EPIC CENTER FEATURING TINY HOMES WHICH IS A SOLUTION FOR STUDENTS IN MULTIPLE WESTERN SLOPE SCHOOL DISTRICTS TO LEARN AND GAIN EXPERIENCE WITH A VARIETY OF CONSTRUCTION TECHNIQUES THROUGH THE HANDS-ON CONSTRUCTION OF TINY HOMES. 160,000

COLORADO STATE UNIVERSITY FOUNDATION

UNIVERSITY SERVICES CENTER 300
FORT COLLINS,CO80523 		UNRELATED PUBLIC CHARITY TO SUPPORT THE GENERAL OPERATIONS OF THE COLLABORATORY. 100,000

COLORADO STATE UNIVERSITY

555 17TH STREET SUITE 1000
DENVER,CO80202 		UNRELATED PUBLIC CHARITY TO SUPPORT THE GENERAL OPERATIONS OF THE CENTER FOR THE NEW ENERGY ECONOMY. 174,995

COLORADO SUCCEEDS

1390 LAWRENCE STREET SUITE 200
DENVER,CO80204 		UNRELATED PUBLIC CHARITY TO PROVIDE GENERAL OPERATING SUPPORT 100,000

DENVER CHILDRENS ADVOCACY CENTER

2149 FEDERAL BLVD
DENVER,CO80211 		UNRELATED PUBLIC CHARITY TO PROVIDE GENERAL OPERATING SUPPORT 50,000

DENVER PUBLIC SCHOOLS FOUNDATION

1860 LUINCOLN STREET 9TH FL
DENVER,CO80203 		UNRELATED PUBLIC CHARITY TO PROVIDE GENERAL OPERATING SUPPORT 25,000

EARLY MILESTONES COLORADO

165 MADISON STREET DENVER
DENVER,CO80206 		UNRELATED PUBLIC CHARITY TO PROVIDE GENERAL OPERATING SUPPORT 50,000

FIRST SOUTHWEST COMMUNITY FUND

720 MAIN STREET
ALAMOSA,CO81101 		UNRELATED PUBLIC CHARITY TO SUPPORT OPERATIONS AND MANAGEMENT OF LOAN FUNDS FOR UNDERSERVED BUSINESSES. 50,000

FUNDACION VIENTO SUR

AVENIDA JOSE ALCALDE DELANO 10545
LO BARNECHEA
SANTIAGO    
CI 		UNRELATED PUBLIC CHARITY THE PURPOSE OF THE GRANT IS TO CARRY OUT CHARITABLE ACTIVITIES IN EDUCATIONAL, HEALTH, ENVIRONMENTAL, CULTURAL AND SOCIAL ISSUES IN CHILE. 2,748,000

GRAND JUNCTION ECONOMIC PARTNERSHIP

122 NORTH 6TH STREET
GRAND JUNCTION,CO81501 		UNRELATED PUBLIC CHARITY TO SUPPORT CORE PROGRAMMATIC WORK INCLUDING RECRUITING AND RETAINING BUSINESSES TO GRAND JUNCTION AND MESA COUNTY. 100,000

HIGH LINE CANAL CONSERVANCY

915 S PEARL STREET
DENVER,CO80209 		UNRELATED PUBLIC CHARITY TO SUPPORT THE HIGH LINE CANAL CONSERVANCY AND ITS PARTNERS TO PROTECT AND REVITALIZE THE CANAL'S NATURAL SPACES WHILE IMPROVING THE HUMAN EXPERIENCE, WITH SPECIAL PRIORITY FOR AREAS OF HIGHEST NEED. 1,469,319

ILLUMINATE COLORADO

1530 WEST 13TH AVENUE SUITE 118
DENVER,CO80204 		UNRELATED PUBLIC CHARITY THE PURPOSE OF THE GRANT IS TO CATALYZE THE INITIAL IMPLEMENTATION OF THE FAMILY CONNECTS MODEL IN COLORADO, INCLUDING LEVERAGING GOVERNMENT INVESTMENTS, TO ENSURE FFECTIVE SCALING AND SUSTAINABILITY OF THE PROGRAM. 230,000

INVEST IN KIDS

1775 SHERMAN STREET SUITE 2075
DENVER,CO80203 		UNRELATED PUBLIC CHARITY TO PROVIDE GENERAL OPERATING SUPPORT 25,000

JEFFCO SCHOOLS FOUNDATION

581 CONFERENCE PLACE
GOLDEN,CO80401 		UNRELATED PUBLIC CHARITY TO SUPPORT PILOTING GROW JEFFCO'S CAREER HUB MODEL, SET TO OFFER CAREER AWARENESS, EXPLORATION, AND WORK-BASED LEARNING PLACEMENTS TO HIGH SCHOOL STUDENTS IN THREE JEFFCO SCHOOLS. 195,000

MATERNAL MENTAL HEALTH LEADERSHIP ALLIANCE

3068 NORTH QUINCY STREET
ARLINGTON,VA22207 		UNRELATED PUBLIC CHARITY THE PURPOSE OF THE GRANT IS TO SUPPORT THE ORGANIZATIONS STRATEGIC FOCUS AND SUPPORTING INITIATIVES IN PERINATAL MENTAL HEALTH. 100,000

MENTAL HEALTH AMERICA OF COLORADO

1120 LINCOLN STREET SUITE 1606
DENVER,CO80203 		UNRELATED PUBLIC CHARITY TO SUPPORT THE ORGANIZATION'S STRATEGIC FOCUSES AND SUPPORTING INITIATIVES IN PERINATAL MENTAL HEALTH. 50,000

MILE HIGH UNITED WAY INC

PO BOX 5547
DENVER,CO80217 		UNRELATED PUBLIC CHARITY TO PROVIDE GENERAL OPERATING SUPPORT 25,000

NEW VENTURE FUND

1201 CONNECTICUT AVENUE NORTHWEST
SUITE 300
WASHINGTON,DC20036 		UNRELATED PUBLIC CHARITY TO SUPPORT THE GENERAL OPERATIONS OF SKILLFUL LLC. 50,000

PHILANTHROPY COLORADO

5855 WADSWORTH BYPASS
ARVADA,CO80003 		UNRELATED PUBLIC CHARITY RURAL FUNDERS LEARNING NETWORK 2023 GENERAL OPERATIONS FUNDING 28,000

POLICY CENTER FOR MATERNAL MENTAL HEALTH (2020 MOM)

5101 SANTA MONICA BLVD STE 8-326
LOS ANGELES,CA90029 		UNRELATED PUBLIC CHARITY TO SUPPORT THE STRATEGIC FOCUS AND SUPPORTING INITIATIVES IN PERINATAL MENTAL HEALTH. THE ACTIVITIES WILL ADVANCE SHARED GOALS IN UNIVERSAL SCREENING, ACCESS TO EFFECTIVE CARE, TRAINING AND WORKFORCES APPROPRIATELY, AND REDUCING STIGMA. 100,000

POSTPARTUM SUPPORT INTERNATIONAL

6706 SW 54TH AVENUE
PORTLAND,OR97219 		UNRELATED PUBLIC CHARITY TO SUPPORT THE ORGANIZATIONS STRATEGIC FOCUS AND SUPPORTING INITIATIVES IN PERINATAL MENTAL HEALTH, SPECIFICALLY THROUGH THE COLORADO CHAPTER OF POSTPARTUM SUPPORT INTERNATIONAL. 73,542

RALSTON HOUSE

10795 WEST 58TH AVENUE
ARVADA,CO80002 		UNRELATED PUBLIC CHARITY TO PROVIDE GENERAL OPERATING SUPPORT 15,000

REGENTS OF THE UNIVERSITY OF COLORADO

1800 N GRANT STREET STE 400
DENVER,CO80203 		UNRELATED PUBLIC CHARITY TO DEVELOP AND EVALUATE THE ALMA MODEL FOR SCALE AND SUSTAINABILITY AND BUILD A ROAD MAP FOR THE THIRD PHASE, INCLUDING THE IMPLEMENTATION OF A FULLY SCALED AND SUSTAINABLE DELIVERY OF THE ALMA PROGRAM. 240,000

ROCKY MOUNTAIN ADVENTIST HEALTHCARE FOUNDATION

950 E HARVARD AVE SUITE 230
DENVER,CO80210 		UNRELATED PUBLIC CHARITY TO SUPPORT SYSTEMIC CHANGE ACROSS THE CENTURA HEALTH SYSTEM ON PERINATAL MENTAL HEALTH INCLUDING UNIVERSAL SCREENING AND EFFECTIVE, ACCESSIBLE CARE IN WOMEN'S HEALTH, INTEGRATED CARE, PEDIATRIC AND INPATIENT FACILITIES. 561,265

ROCKY MOUNTAIN INSTITUTE

2490 JUNCTION PLACE SUITE 200
BOULDER,CO80301 		UNRELATED PUBLIC CHARITY TO PROVIDE GENERAL OPERATING SUPPORT 50,000

ST VRAIN VALLEY SCHOOLS EDUCATION FOUNDATION

395 S PRATT PARKWAY
LONGMONT,CO80501 		UNRELATED PUBLIC CHARITY TO SUPPORT THE CHAMPIONED NATIONAL TRAINING CENTER, LED BY ST. VRAIN IN PARTNERSHIP WITH CEI, TO PROVIDE DISTRICTS WITH A ROADMAP TO CREATE AND EXECUTE ON CAREER-CONNECTED LEARNING VISION. 50,000

STARTUP COLORADO

862 RAINBOW ROAD
DURANGO,CO81303 		UNRELATED PUBLIC CHARITY TO PROVIDE GENERAL OPERATING SUPPORT 50,000

THE COLORADO EDUCATION INITIATIVE

600 17TH ST 1400N
DENVER,CO80202 		UNRELATED PUBLIC CHARITY TO PROVIDE GENERAL OPERATING SUPPORT 290,000

THE KEMPE FOUNDATION

13123 EAST 16TH AVENUE SUITE B 390
AURORA,CO80045 		UNRELATED PUBLIC CHARITY TO PROVIDE GENERAL OPERATING SUPPORT. 50,000

UNIVERSITY OF COLORADO FOUNDATION

1800 GRANT STREET SUITE 725
DENVER,CO80203 		UNRELATED PUBLIC CHARITY THE PURPOSE OF THE GRANT IS TO CONTINUE 3 ADDITIONAL YEARS OF COMMUNITY FELLOWS THROUGH THE HARRIS FELLOWS PROGRAM AS WELL AS ENRICHMENT TRAINING AND SUPPORTS FOR ALUMNI. 66,667

UNIVERSITY OF DENVER

2199 SOUTH UNIVERSITY BLVD
DENVER,CO80208 		UNRELATED PUBLIC CHARITY TO BUILD INTEGRATED P-5 FORENSIC MENTAL HEALTH INFRASTRUCTURE AND CAPACITY, TO IMPROVE THE QUALITY-OF-CARE FAMILIES RECEIVE ACROSS PREVENTION AND INTERVENTION SERVICES IN THE IMMEDIATE, AND TO INFLUENCE CHILD WELFARE SYSTEM CHANGE THROUGH WORKFORCE DEVELOPMENT AND STATE-WIDE CHILD WELFARE POLICY IN THE LONG-TERM. 75,000

WESTERN RESOURCE ADVOCATES

2260 BASELINE ROAD SUITE 200
BOULDER,CO80302 		UNRELATED PUBLIC CHARITY TO PROVIDE GENERAL OPERATING SUPPORT 50,000

WINDWARD FUND

1828 L STREET NORTHWEST SUITE 300
WASHINGTON,DC20036 		UNRELATED PUBLIC CHARITY THE PURPOSE OF THE GRANT IS TO SUPPORT GRANTEES HUB PROGRAM. 647,139

YOUTHPOWER365

PO BOX 6550
AVON,CO81620 		UNRELATED PUBLIC CHARITY TO SUPPORT THE CAREERWISE YOUTH APPRENTICESHIP INITIATIVE, LED BY THE VAIL VALLEY PARTNERSHIP, TO EXPAND WORKFORCE DEVELOPMENT PATHWAYS TOWARD CAREERS FOR YOUTH IN EAGLE COUNTY SCHOOLS GRADES 8-12 336,041
Total .................................right arrow 3a 10,281,818
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
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 ....     14 10,930,566  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....     14 15,748  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 -5,736,744  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aRECOVERIES OF PRIOR YEAR GRANTS 		        90,043
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 5,209,570 90,043
13Total. Add line 12, columns (b), (d), and (e)..................
13
5,299,613
(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.)
11A AMOUNT REPRESENTS REFUNDS OF UNUSED GRANT FUNDS TREATED AS QUALIFYING DISTRIBUTIONS IN PRIOR YEARS.
Form 990-PF (2023)
Form 990-PF (2023)
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


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

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
ZOMA FOUNDATION INC
 
Employer identification number

81-4630003
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
ZOMA FOUNDATION INC
  		Employer identification number
81-4630003
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
BENJAMIN S WALTON
8181 E TUFTS AVE SUITE 600
 
DENVER, CO80237

$ 1,839,714


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

$  


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

$  


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
ZOMA FOUNDATION INC
  		Employer identification number

81-4630003
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 12,160 SHARES - WALMART COMMON STOCK $ 1,839,714 2023-12-13
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
ZOMA FOUNDATION INC
  		Employer identification number

81-4630003
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


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TY 2023 ExpenditureResponsibilityStmt
Name:
ZOMA FOUNDATION INC
EIN:
81-4630003
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
BSIDE CAPITAL
  		3350 BRIGHTON BLVD SUITE 135
DENVER,CO80216 		2021-09-27 1,117,048 TO PROVIDE THE BORROWER WITH FUNDS FOR BORROWER TO REPAY, IN FULL, THE SEVEN (7) OUTSTANDING LOANS IDENTIFIED IN EXHIBIT B OF THE LOAN AGREEMENT AND OTHERWISE FOR THE PURPOSES DESCRIBED IN EXHIBIT B, IN ORDER TO RELIEVE THE POOR AND DISTRESSED, COMBAT COMMUNITY DETERIORATION, REVITALIZE DISTRESSED COMMUNITIES AND/OR LESSEN THE BURDENS OF GOVERNMENT. 660,020 NONE 4/10/23, 6/5/24 2024-06-05 THE BORROWER HAS PROVIDED THE FOUNDATION WITH A REPORT STATING THAT IT HAS COMPLIED WITH THE TERMS OF THE FOUNDATION'S LOANS THROUGH ITS MOST RECENT YEAR-ENDING DECEMBER 31, 2023. THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE ABOVE REPORTS; THEREFORE, FURTHER VERIFICATION BY THE FOUNDATION WAS DEEMED UNNECESSARY.
FUNDACION VIENTO SUR
  		AVENIDA JOSE ALCALDE DELANO 10545
OFICINA 501 LO BARNECHEA
  SANTIAGO  
CI 		2022-05-11 1,320,750 THE PURPOSE OF THE GRANT IS TO CARRY OUT CHARITABLE ACTIVITIES IN EDUCATIONAL, HEALTH, ENVIRONMENTAL, CULTURAL AND SOCIAL ISSUES IN CHILE. 1,308,691 NONE 5/23/23, 5/5/24 2024-05-05 THE GRANTEE HAS PROVIDED THE FOUNDATION WITH THE REQUIRED REPORTS. THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS; THEREFORE, NO FURTHER VERIFICATION BY THE FOUNDATION IS DEEMED NECESSARY.
GREENLINE COMMUNITY DEVELOPMENT FUND LLC
  		1555 BLAKE STREET SUITE 210
DENVER,CO80202 		2020-07-14 700,000 TO PROVIDE CAPITAL TO ENABLE THE BORROWER TO ORIGINATE LOANS UNDER THE MICROLOAN PROGRAM TO RELIEVE POOR/DISTRESSED, COMBAT COMMUNITY DETERIORATION, REVITALIZE DISTRESSED COMMUNITIES AND/OR LESSEN BURDENS OF GOVERNMENT. 700,000 NONE 05/24/21, 03/15/22, 03/21/23, 6/10/24 2024-06-10 THE BORROWER HAS PROVIDED THE FOUNDATION WITH A REPORT STATING THAT IT HAS COMPLIED WITH THE TERMS OF THE FOUNDATION'S LOAN THROUGH ITS MOST RECENT YEAR-ENDING DECEMBER 31, 2023. THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE ABOVE REPORTS; THEREFORE, FURTHER VERIFICATION BY THE FOUNDATION WAS DEEMED UNNECESSARY.
FUNDACION VIENTO SUR
  		AVENIDA JOSE ALCALDE DELANO 10545
OFICINA 501 LO BARNECHEA
  SANTIAGO  
CI 		2023-02-13 2,748,000 TO CARRY OUT CHARITABLE ACTIVITIES IN EDUCATIONAL, HEALTH, ENVIRONMENTAL, CULTURAL, AND SOCIAL ISSUES IN CHILE. 1,910,492 NONE 5/14/24 2024-05-14 THE GRANTEE HAS PROVIDED THE FOUNDATION WITH THE REQUIRED REPORTS. THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS; THEREFORE, NO FURTHER VERIFICATION BY THE FOUNDATION IS DEEMED NECESSARY.
EMERGENT FOREST FINANCE ACCELERATOR
  		156 5TH AVENUE 804
NEW YORK,NY10010 		2023-11-09 5,000,000 ENABLE BORROWER TO PROVIDE GOVERNMENTS IN TROPICAL FOREST JURISDICTIONS THAT ARE WORKING TOWARD EXECUTION OF EMISSION REDUCTION PURCHASE AGREEMENTS WITH ADVANCE PAYMENTS TO SUPPORT FOREST PROTECTION PROGRAMS AND READINESS COSTS TO ENABLE SUCH FOREST GOVERNMENTS TO ENGAGE IN THE ANTICIPATED EMISSION REDUCTION PURCHASE AGREEMENTS. 0 NONE 5/15/24 2024-05-15 THE BORROWER HAS PROVIDED THE FOUNDATION WITH A REPORT STATING THAT IT HAS COMPLIED WITH THE TERMS OF THE FOUNDATION'S LOAN THROUGH ITS MOST RECENT YEAR-ENDING DECEMBER 31, 2023. THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE ABOVE REPORT; THEREFORE, FURTHER VERIFICATION BY THE FOUNDATION WAS DEEMED UNNECESSARY.
EMERGENT FOREST FINANCE ACCELERATOR
  		156 5TH AVENUE 804
NEW YORK,NY10010 		2023-11-09 835,000 SUPPORT THE BORROWER'S WORK TO EXECUTE APPROXIMATELY TEN (10) JURISDICTIONAL SCALE CARBON TRANSACTIONS, BUILD MOMENTUM FOR THE ZERO-DEFORESTATION MOVEMENT, AND SUPPORT THE ONGOING OPERATIONS OF THE LEAF COALITION, AS DESCRIBED IN MORE DETAIL IN EXHIBIT D OF THE LOAN AGREEMENT. 0 NONE 5/31/24 2024-05-31 THE BORROWER HAS PROVIDED THE FOUNDATION WITH A REPORT STATING THAT IT HAS COMPLIED WITH THE TERMS OF THE FOUNDATION'S LOAN THROUGH ITS MOST RECENT YEAR-ENDING DECEMBER 31, 2023. THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE ABOVE REPORT; THEREFORE, FURTHER VERIFICATION BY THE FOUNDATION WAS DEEMED UNNECESSARY.

TY 2023 InvestmentsOtherSchedule2
Name:
ZOMA FOUNDATION INC
EIN:
81-4630003
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
MISSION RELATED INVESTMENTS - DIRECT INVESTMENTS/PRIVATE STOCK AT COST 24,348,696 27,435,969
MISSION RELATED INVESTMENTS - PRIVATE REAL ESTATE AT COST 29,128,160 28,324,889
MISSION RELATED INVESTMENTS - VENTURE CAPITAL AT COST 32,295,077 37,576,459
NORTHERN TRUST - BRECKINRIDGE AT COST 200,687,329 190,539,765
NORTHERN TRUST - KBI WATER AT COST 50,955,445 56,570,117
NORTHERN TRUST - CUSTOM GLOBAL AT COST 128,888,870 146,862,343
NORTHERN TRUST - EQUITIZATION AT COST 3,043,949 3,047,746

TY 2023 LegalFeesSchedule
Name:
ZOMA FOUNDATION INC
EIN:
81-4630003
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 25,728 0   25,728


TY 2023 OtherExpensesSchedule
Name:
ZOMA FOUNDATION INC
EIN:
81-4630003
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PASS-THROUGH - OTHER PORTFOLIO DEDUCTIONS 1,199,970 1,199,970   0
MEMBERSHIPS & SUBSCRIPTIONS 45,000 0   0
BANK FEES 1,860 0   0
PASS-THROUGH - OTHER LOSS 165,609 165,609   0


TY 2023 OtherIncomeSchedule2
Name:
ZOMA FOUNDATION INC
EIN:
81-4630003
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PORTFOLIO INCOME 15,748 15,748 15,748
RECOVERIES OF PRIOR YEAR GRANTS 90,043   90,043


TY 2023 OtherIncreasesSchedule
Name:
ZOMA FOUNDATION INC
EIN:
81-4630003
Description Amount
TAX COST-TO-BOOK VALUE - CUMULATIVE TIMING DIFFERENCES 1,169,201


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TY 2023 OtherNotesLoansRcvblLongSch
Name:
ZOMA FOUNDATION INC
EIN:
81-4630003

Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
DENVER CULTURAL PROPERTY TRUST MISSION-RELATED INVESTMENT 4,000,000 4,000,000 2021-11 2031-11 PRINCIPAL AND INTEREST DUE AND PAYABLE AT MATURITY 600.0000000000 % NONE TO MAKE PERMITTED INVESTMENTS, FUND PERMITTED TRANSACTIONS, WORKING CAPITAL CASH 4,000,000
BSIDE CAPITAL PROGRAM-RELATED INVESTMENT 1,117,048 660,368 2021-09 2030-09 PRINCIPAL DUE AND PAYABLE AT MATURITY 0 % NONE TO REFINANCE CLS' DEBT PORTFOLIO INTO A SINGLE LOAN TO REDUCE INTEREST COSTS CASH 660,368
BSIDE FUND PROGRAM-RELATED INVESTMENT 500,000 116,386 2021-09 2031-09 PRINCIPAL DUE AND PAYABLE AT MATURITY 0 % NONE TO PROVIDE FUNDS FOR THE MAIN STREET LOAN FUND   116,386
CHARACTER BASED SMALL BUSINESS LENDING FUND PROGRAM-RELATED INVESTMENT 5,000,000 187,119 2020-05 2025-04 PRINCIPAL DUE AND PAYABLE AT MATURITY 0 % NONE TO SUPPORT EMERGENCY COLORADO MAIN STREET LOAN PROGRAM CASH 187,119
DREAMSPRING PROGRAM-RELATED INVESTMENT 10,000,000 0 2020-05 2023-05 PRINCIPAL DUE AND PAYABLE AT MATURITY 0 % NONE TO SUPPORT DREAMSPRING IN FACILITATING PPP LOANS FOR COLORADO BUS. CASH 0
FIRST SOUTHWEST COMMUNITY FUND 2020 PROGRAM-RELATED INVESTMENT 2,000,000 2,000,000 2020-05 2027-04 PRINCIPAL AND INTEREST DUE AND PAYABLE AT MATURITY 0 % NONE TO SUPPORT EMERGENCY AND MICRO-GRANT LOAN TO SUPPORT SW CO BUS. CASH 2,000,000
FIRST SOUTHWEST COMMUNITY FUND 2021 PROGRAM-RELATED INVESTMENT 2,000,000 2,000,000 2021-06 2028-06 PRINCIPAL DUE AND PAYABLE AT MATURITY 0 % NONE COVID-10 INNOVATE ONWARD LOAN FUND CASH 2,000,000
GREENLINE COMMUNITY DEVELOPMENT FUND LLC PROGRAM-RELATED INVESTMENT 700,000 700,000 2020-07 2027-12 PRINCIPAL AND INTEREST DUE AND PAYABLE AT MATURITY. INTEREST DUE MONTHLY. 200.0000000000 % NONE TO PROVIDE CAPITAL AND ENABLE ORIGINATION OF LOANS UNDER MICROLOAN PROGRAM CASH 700,000
SAN JUAN REGIONAL LOAN FUND (FKA TELLURIDE REGIONAL) PROGRAM-RELATED INVESTMENT 1,000,000 1,000,000 2019-03 2026-03 PRINCIPAL AND INTEREST DUE AND PAYABLE AT MATURITY 200.0000000000 % NONE TO SUPPORT THE TELLURIDE LOAN FUND CASH 1,000,000
EMERGENT FOREST FINANCE ACCELERATOR INC-ADVANCE PAYMENT FACILITY PROGRAM-RELATED INVESTMENT 5,000,000 5,000,000 2023-11 2030-06 PRINCIPAL DUE AND PAYABLE AT MATURITY 0 % NONE TO SUPPORT THE LOAN FUND CASH 5,000,000
EMERGENT FOREST FINANCE ACCELERATOR INC-OPERATING SUPPORT PROGRAM-RELATED INVESTMENT 835,000 835,000 2023-11 2030-06 PRINCIPAL IS DUE AND PAYABLE AT MATURITY 0 % NONE TO SUPPORT FUND ACTIVITY CASH 835,000

TY 2023 OtherProfessionalFeesSchedule
Name:
ZOMA FOUNDATION INC
EIN:
81-4630003
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CONSULTING FEES 3,938,634 0   3,923,634
OTHER PROFESSIONAL FEES 612,790 0   0
INVESTMENT MANAGEMENT FEES 459,204 459,204   0


TY 2023 TaxesSchedule
Name:
ZOMA FOUNDATION INC
EIN:
81-4630003
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
NORTHERN TRUST - FOREIGN TAXES 406,213 406,213   0
EXCISE TAX 157,547 0   0