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 12-01-2023 , and ending 11-30-2024
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 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$281,265,852J 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 right arrow.............
3 Interest on savings and temporary cash investments 75,632 75,632  
4 Dividends and interest from securities... 3,065,472 3,065,472  
5a Gross rents............ 1,899,404 1,899,404  
b Net rental income or (loss) 1,133,046
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment
List of Attached Documents:
// Content
36,003,307
b Gross sales price for all assets on line 6a 36,003,307
7 Capital gain net income (from Part IV, line 2)... 35,995,283
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
-203,039 -199,313  
12 Total. Add lines 1 through 11........ 40,840,776 40,836,478  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 435,000 87,000   348,000
14 Other employee salaries and wages...... 619,279     619,279
15 Pension plans, employee benefits....... 275,437 11,583   263,854
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
6,783     6,783
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
42,500 14,250   28,250
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
547,691 322,506   225,185
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
33,628      
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
307,028 237,918  
20 Occupancy.............. 116,775     116,775
21 Travel, conferences, and meetings....... 133,150     133,150
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
921,636 766,358   155,278
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,438,907 1,439,615   1,896,554
25 Contributions, gifts, grants paid....... 8,887,125 8,887,125
26 Total expenses and disbursements. Add lines 24 and 25 12,326,032 1,439,615   10,783,679
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 28,514,744
b Net investment income (if negative, enter -0-) 39,396,863
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............. 1,131,667 1,425,416 1,425,416
2 Savings and temporary cash investments......... 1,467,967 676,038 676,038
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 arrow  
Less: allowance for doubtful accounts right arrow        
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)....... 138,004,346 Click to see attachment
List of Attached Documents:
// Content
166,458,456 		216,672,597
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow9,678,441
Less: accumulated depreciation (attach schedule) right arrow   9,916,359 Click to see attachment
List of Attached Documents:
// Content
9,678,441 		17,898,306
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 24,869,616 Click to see attachment
List of Attached Documents:
// Content
25,735,458 		41,924,295
14 Land, buildings, and equipment: basis right arrow3,377,260
Less: accumulated depreciation (attach schedule) right arrow708,060 2,738,310 Click to see attachment
List of Attached Documents:
// Content
2,669,200 		2,669,200
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 178,128,265 206,643,009 281,265,852
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) Click to see attachment
List of Attached Documents:
// Content
219,623 		Click to see attachment
List of Attached Documents:
// Content
219,623
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 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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 177,908,642 206,423,386
29 Total net assets or fund balances (see instructions)..... 177,908,642 206,423,386
30 Total liabilities and net assets/fund balances (see instructions). 178,128,265 206,643,009
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
177,908,642
2
Enter amount from Part I, line 27a .....................
2
28,514,744
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
206,423,386
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
206,423,386
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.)
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 35,995,283
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) 1 547,616
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........................... 3 547,616
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- ..... 5 547,616
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 570,000
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.............. 7 570,000
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 1
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 22,383
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow22,383 Refundedright arrow 11  
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$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
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 arrow
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
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 addressright arrowWWW.COORSFOUNDATION.ORG
14
The books are in care ofright arrowTHE ORGANIZATION Telephone no.right arrow (303) 388-1636

Located atright arrow215 SAINT PAUL STREET NO 300DENVERCO ZIP+4right arrow80206
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? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
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)
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
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
 
 
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)
 
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
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
 
 
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 		435,000 54,336 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
BENJAMIN R WINDSOR TREASURER
1.00 		0 0 0
215 SAINT PAUL STREET SUITE 300
DENVER,CO80206
JEFFREY H COORS ASST TREAS
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
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 		238,131 16,866  
215 SAINT PAUL STREET SUITE 300
DENVER,CO80206
CYNTHIA M KENNEDY ADMIN ASST
40.00 		113,463 5,199  
215 SAINT PAUL STREET SUITE 300
DENVER,CO80206
ELIZABETH LOSINSKI SR PRGM OFFI
40.00 		103,131 7,174  
215 SAINT PAUL STREET SUITE 300
DENVER,CO80206
ROSEMARY HARRIS PRGM OFFICER
40.00 		86,131 5,975  
215 SAINT PAUL STREET SUITE 300
DENVER,CO80206
NICOLE JENNINGS ADMIN ASST
40.00 		55,336 966  
215 SAINT PAUL STREET SUITE 300
DENVER,CO80206
Total number of other employees paid over $50,000...................right arrow  
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
HOPLIN JACKSON CHARITABLE ADVISORS CONSULTING 150,000
100 FILMORE STREET STE 500
DENVER,CO80206
CAPFINANCIAL PARTNERS LLC INV MGMT SVCS 132,236
4208 SIX FORKS ROAD STE 1700
RALEIGH,NC27609
TOV CONSULTING GROUP CONSULTING 74,500
44 COOK STREET STE 100
DENVER,CO80206
NORTHERN TRUST INV MGMT SVCS 71,008
1401 LAWRENCE ST STE 1500
DENVER,CO80202
Total number of others receiving over $50,000 for professional services.............right arrow  
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.........................right arrow  
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
236,413,722
b
Average of monthly cash balances.......................
1b
2,694,142
c
Fair market value of all other assets (see instructions)................
1c
17,898,306
d
Total (add lines 1a, b, and c).........................
1d
257,006,170
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
257,006,170
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
3,855,093
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
253,151,077
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
12,657,554
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
12,657,554
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
547,616
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
638
c
Add lines 2a and 2b............................
2c
548,254
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
12,109,300
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
12,109,300
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
12,109,300
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
10,783,679
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
10,783,679
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 12,109,300
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 10,364,488
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 10,783,679
a Applied to 2022, but not more than line 2a 10,364,488
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 2023 distributable amount..... 419,191
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2023.    
(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 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		11,690,109
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 2018 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
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).)
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 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 (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
ACCESS OPPORTUNITY


4845 PEARL E CIRCLE
STE 101
BOULDER,CO80301 		  PC GENERAL OPERATING GRANT 10,000
ACTIVATE WORK INC


1777 S HARRISON STREET
STE 350
DENVER,CO80210 		  PC GENERAL OPERATING GRANT 35,000
ADVENTURE WEST COUNCIL


2215 23RD AVENUE
GREELEY,CO80634 		  PC COLORADO OPERATIONS 15,000
ALTERNATIVES PREGNANCY CENTER


23 INVERNESS WAY EAST
STE 101
ENGLEWOOD,CO80112 		  PC GENERAL OPERATING GRANT 25,000
AMERICAN ENTERPRISE INSTITUTE


1789 MASSACHUSETTS AVE NW
WASHINGTON,DC20036 		  PC GENERAL OPERATING GRANT 175,000
AMERICAN INDIAN COLLEGE FUND


8333 GREENWOOD BLVD
DENVER,CO80221 		  PC SCHOLARSHIPS 47,000
AMERICAN LEGISLATIVE EXCHANGE


2900 CRYSTAL DRIVE
STE 1000
ARLINGTON,VA22202 		  PC GENERAL OPERATING GRANT 75,000
AMERICA'S FUTURE FOUNDATION


1367 CONNECTICUT AVE NW
STE 200
WASHINGTON,DC20036 		  PC TALENT MARKET 25,000
ANDY ZANCA YOUTH EMPOWERMENT


76 S 2ND STREET
CARBONDALE,CO81623 		  PC GENERAL OPERATING GRANT 8,000
ASPEN YOUTH CENTER


PO BOX 8266
ASPEN,CO81612 		  PC GENERAL OPERATING GRANT 10,000
BEACON CENTER OF TENNESSEE


1200 CLINTON STREET
STE 205
NASHVILLE,TN37203 		  PC GENERAL OPERATING GRANT 40,000
BELAY ENTERPRISES


13280 E MISSISSIPPI
AURORA,CO80012 		  PC GENERAL OPERATING GRANT 25,000
BETTER TOGETHER


15275 COLLIER BLVD
NAPLES,FL34119 		  PC DISASTER RECOVERY 25,000
BIG BROTHERS BIG SISTERS COLORADO


750 W HAMPDEN AVENUE
STE 450
ENGLEWOOD,CO80110 		  PC GENERAL OPERATING GRANT 30,000
BIRTHLINE OF LOVELAND


1511 E 11TH STREET
160
LOVELAND,CO80537 		  PC GENERAL OPERATING GRANT 10,000
BOYS AND GIRLS CLUB OF FREMONT


129 N 4TH STREET
CANON CITY,CO81212 		  PC GENERAL OPERATING GRANT 15,000
BOYS AND GIRLS CLUB OF LA PLATA


2750 MAIN AVENUE
DURANGO,CO81301 		  PC GENERAL OPERATING GRANT 20,000
BOYS AND GIRLS CLUB OF SOUTH PARK


360 9TH STREET
FAIRPLAY,CO80440 		    GENERAL OPERATING GRANT 15,000
BOYS AND GIRLS CLUBS OF METRO


2017 WEST 9TH AVE
DENVER,CO80204 		  PC GENERAL OPERATING GRANT 45,000
BOYS AND GIRLS CLUBS OF NORTHWEST


1324 EAST HIGHWAY 40
CRAIG,CO81625 		  PC GENERAL OPERATING GRANT 20,000
BOYS AND GIRLS CLUBS OF WELD


2400 1ST AVENUE
GREELEY,CO80631 		  PC TEEN CENTER 75,000
BOYS AND GILS CLUBS OF LARIMER


103 SMOKEY STREET
FORT COLLINS,CO80525 		  PC GENERAL OPERATING GRANT 20,000
BREAKTHROUGH ALLIANCE OF COLORADO


1644 PLATTE STREET
STE 400
DENVER,CO80202 		  PC GENERAL OPERATING GRANT 25,000
BREAKTHROUGH KENT DENVER


4000 E QUINCY AVE
ENGLEWOOD,CO80113 		  PC GENERAL OPERATING GRANT 20,000
BRINK LITERACY PROJECT


13999 COUNTY ROAD 102
ELBERT,CO80106 		  PC GENERAL OPERATING GRANT 20,000
CAFE MOMENTUM DENVER CORP


1137 BANNOCK STREET
DENVER,CO80204 		  PC DENVER EXPANSION PROJECT 175,000
CAMP ID-RA-HA-JE


571 COUNTY ROAD 43
BAILEY,CO80421 		  PC WASTEWATER TREATMENT FACILITY 100,000
CANON CITY PREGNANCY CENTER


614 YALE PLACE
CANON CITY,CO81212 		  PC GENERAL OPERATING GRANT 10,000
CANON LITERACY CENTER


801 MAIN STREET
CANON CITY,CO81212 		  PC GENERAL OPERATING GRANT 5,000
CASCADE POLICY INSTITUTE


4850 SW SCHOLLS FERRY
ROAD STE 103
PORTLAND,OR97225 		  PC GENERAL OPERATING GRANT 30,000
CATO INSTITUTE


1000 MASSACHUSETTS AVE NW
WASHINGTON,DC20001 		  PC GENERAL OPERATING GRANT 75,000
CENTER FOR AMERICAN LIBERTY


1311 S MAIN ST STE 207
MONT AIRY,MD21771 		  PC GENERAL OPERATING GRANT 50,000
CHILDREN'S LITERACY CENTER


2928 STAUS LANE STE 100
COLORADO SPRINGS,CO80907 		  PC EXPANSION SPECIAL PROJECT 80,000
CLEAR DIRECTION MENTORING


114 57TH AVENUE
GREELEY,CO80634 		  PC GENERAL OPERATING GRANT 5,000
COLORADO AGRICULTURAL LEADERSHIP


2330 S INTERSTATE 25
CASTLE ROCK,CO80104 		  PC GENERAL OPERATING GRANT 10,000
COLORADO BIOSCIENCE INSTITUTE


600 GRANT STREET STE 306
DENVER,CO80203 		  PC TEACHER INTERSHIPS 7,000
COLORADO COUNCIL OF ECONOMIC


1355 S COLORADO BLVD
STE 506
DENVER,CO80222 		  PC GENERAL OPERATING GRANT 40,000
COLORADO FIRST


205 KEN PRATT BLVD
STE 120 PMB 1037
LONGMONT,CO80501 		  PC GENERAL OPERATING GRANT 10,000
COLORADO NONPROFIT DEVELOPMENT


2590 WELTON STREET
STE 200
DENVER,CO80205 		  PC ONE CHANCE TO GROW UP 25,000
COLORADO NONPROFIT DEVELOPMENT


2590 WELTON STREET
STE 200
DENVER,CO80205 		  PC ANTONITO TOGETHER'S YOUTH PROGRAM 5,000
COLORADO SCHOOL OF MINES FOUNDATION


1812 ILLINOIS STREET
GOLDEN,CO80401 		  PC WKC CHAIR ENDOWMENT GRANT 111,100
COLORADO SCHOOL OF MINES FOUNDATION


1812 ILLINOIS STREET
GOLDEN,CO80401 		  PC HERMAN COORS CHAIR ENDOWMENT 220,750
COLORADO SCHOOL OF MINES FOUNDATION


1812 ILLINOIS STREET
GOLDEN,CO80401 		  PC NEEDS BASED SCHOLARSHIPS 75,000
COLORADO UPLIFT


400 W 48TH AVE STE 250
DENVER,CO80216 		  PC GENERAL OPERATING GRANT 40,000
COLORADO YOUNG LEADERS


3435 S INCA STREET
STE C
ENGLEWOOD,CO80110 		  PC GENERAL OPERATING GRANT 10,000
COLORADO YOUTH OUTDOORS


4927 E COUNTY ROAD 36
FORT COLLINS,CO80528 		  PC GENERAL OPERATING GRANT 20,000
COMMON SENSE INSTITUTE


6295 GREENWOOD PLAZA BLVD
STE 100
GREENWOOD VILLAGE,CO80111 		  PC GENERAL OPERATING GRANT 300,000
COMMON SENSE INSTITUTE


6295 GREENWOOD PLAZA BLVD
STE 100
GREENWOOD VILLAGE,CO80111 		  PC COORS FELLOWSHIP 100,000
COMMUNITY HOUSING COALITION OF


798 WALNUT CREEK ROAD
MARSHALL,NC28753 		  PC DISASTER RECOVERY 25,000
COMPETITIVE ENTERPRISE INSTITUTE


1310 L STREET NW
WASHINGTON,DC20005 		  PC GENERAL OPERATING GRANT 50,000
CONGRESSIONAL MEDAL OF HONOR


40 PATRIOTS POINT ROAD
MOUNT PLEASANT,SC29464 		  PC GENERAL OPERATING GRANT 30,000
CONSTITUTING AMERICA


PO BOX 1988
COLLEYVILLE,TX76034 		  PC COLORADO PROGRAMMING 10,000
CONVOY OF HOPE


1 CONVOY
SPRINGFIELD,MO65802 		  PC DISASTER RECOVERY 50,000
CRISIS PREGNANCY CENTER OF


155 MERCHANT DRIVE
MONTROSE,CO81401 		  PC GENERAL OPERATING GRANT 10,000
CROSSPURPOSE


3050 RICHARD ALLEN CT
DENVER,CO80205 		  PC OPERATIONS AND PROGRAMMING 300,000
CROW-LUTHER CULTURAL EVENTS CENTER


PO BOX 813 1304 MAIN ST
EADS,CO81036 		  PC COMMUNITY ROOM 50,000
DESTINATION IMAGINATION


6000 E EVANS AVENUE
1-031
DENVER,CO80222 		  PC GENERAL OPERATING GRANT 10,000
DIAKONIA


1250 VERHORST ROAD
COLORADO SPRINGS,CO80920 		  PC GENERAL OPERATING GRANT 20,000
DONORSTRUST


1800 DIAGONAL ROAD STE
280
ALEXANDRIA,VA22314 		  PC EXCELLENCE FIRST EDUCATION 700,000
DREAMSPRING


2000 ZEARING AVE NW
ALBUQUERQUE,NM87104 		  PC COLORADO PROGRAMMING 15,000
DRESS FOR SUCCESS DENVER


2594 SOUTH COLORADO BLVD
DENVER,CO80222 		  PC GENERAL OPERATING GRANT 15,000
EMERGENT ORDER FOUNDATION


4450 FRONTIER TRAIL
AUSTIN,TX78745 		  PC VENTURE 120,000
ETHICS AND PUBLIC POLICY CENTER


1730 M STREET NW STE 910
WASHINGTON,DC20036 		  PC GENERAL OPERATING GRANT 75,000
FATHER IN THE FIELD


20622 N CAVE CREEK ROAD
PHOENIX,AZ85924 		  PC COLORADO PROGRAMMING 20,000
FEDERALIST SOCIETY


1776 I STREET NW STE 300
WASHINGTON,DC20006 		  PC GENERAL OPERATING GRANT 75,000
FOUNDATION FOR ECONOMIC


1776 PEACHSTREET ST NW
STE 300
WASHINGTON,DC20006 		  PC GENERAL OPERATING GRANT 40,000
FRONTIER INSTITUTE


PO BOX 5104
HELENA,MT59604 		  PC GENERAL OPERATING GRANT 25,000
GEORGIA CENTER FOR OPPORTUNITY


5051 PEACHSTREET CORNERS
CIRCLE STE 200
NORCORSS,GA30092 		  PC GENERAL OPERATING GRANT 40,000
GOLDWATER INSTITUTE


500 E CORONADO ROAD
PHOENIX,AZ85004 		  PC GENERAL OPEARTING GRANT 60,000
GREENHOUSE SCHOLARS


1820 FOLSOM STREET
BOULDER,CO80302 		  PC YOUNG LEADERS PROGRAM GRANT 200,000
HANDS OF THE CARPENTER


16097 S GOLDEN ROAD
GOLDEN,CO80401 		  PC SCALING SPECIAL PROJECT 200,000
HANDS OF THE CARPENTER


16097 S GOLDEN ROAD
GOLDEN,CO80401 		  PC GENERAL OPERATING GRANT 30,000
HILLSDALE COLLEGE


33 EAST COLLEGE
HILLSDALE,MI49242 		  PC CENTER FOR CONSTRUCTIVE ALTERNATIVES 252,600
HIRE HEROES USA


5575 TECH CENTER DRIVE
COLORADO SPRINGS,CO80919 		  PC COLORADO OPERATIONS 25,000
HOPE HOUSE NORTHERN COLORADO


1812 56TH AVENUE STE C
GREELEY,CO80634 		  PC CAPITAL CAMPAIGN GRANT 5,000
HOPEWEST


3090 N 12TH STREET
UNIT B
GRAND JUNCTION,CO81506 		  PC CHILDREN'S BEREAVEMENT PROGRAMS 15,000
I HAVE A DREAM FOUNDATION OF


5390 MANHATTAN CIRCLE
BOULDER,CO80303 		  PC GENERAL OPERATING GRANT 30,000
ILLINOIS POLICY INSTITUTE


300 S RIVERSIDE PLAZA
STE 1650
CHICAGO,IL60606 		  PC VENTURE 250,000
INDEPENDENCE INSTITUTE


727 E 16TH AVENUE
DENVER,CO80203 		  PC HANK BROWN CHAIR GRANT 3,310
INDEPENDENCE INSTITUTE


727 E 16TH AVENUE
DENVER,CO80203 		  PC GENERAL OPERATING GRANT 75,000
INSTITUTE FOR JUSTICE


901 NORTH GLEBE RD
STE 900
ARLINGTON,VA22203 		  PC GENERAL OPERATING GRANT 70,000
INTERCOLLEGIATE STUDIES INSTITUTE


3901 CENTERVILLE ROAD
WILMINGTON,DE19807 		  PC GENERAL OPERATING GRANT 50,000
JEFFCO HUMAN SERVICES FOUNDATION


900 JEFF CO PARKWAY
STE 370
GOLDEN,CO80401 		  PC GENERAL OPERATING GRANT 25,000
JOIN FREEWORLD INC


3571 FAR WEST BLVD 3693
AUSTIN,TX78731 		  PC COLORADO OPERATIONS GRANT 250,000
JUNIOR ACHIEVEMENT ROCKY MOUNTAIN


6500 GREENWOOD PLAZA BLVD
GREENWOOD VILLAGE,CO80111 		  PC GENERAL OPERATION GRANT 50,000
LARIMER COUNTY PARTNERS


530 S COLLEGE AVE UNIT 1
FORT COLLINS,CO80524 		  PC GENERAL OPERATING GRANT 20,000
LEADERSHIP INSTITUTE


110 NORTH HIGHLAND STREET
ARLINGTON,VA22201 		  PC GENERAL OPERATING GRANT 60,000
LEGACY FAMILY MINISTRIES


223 N IOWA STREET
GUNNISON,CO81230 		  PC GENERAL OPERATING GRANT 5,000
LEMONADE DAY


1800 WEST LOOP SOUTH
STE 1875
HOUSTON,TX77027 		  PC COLORADO PROGRAM LAUNCH 100,000
LIBERTAS INSTITUTE


2183 W MAIN STREET
STE 102
LEHI,UT84043 		  PC TALENT PIPELINE 300,000
MENTOR COLORADO


2679 W MAIN STREET
LITTLETON,CO80120 		  PC GENERAL OPERATING GRANT 15,000
MI CASA RESOURCE CENTER


345 S GROVE
DENVER,CO80219 		  PC GENERAL OPERATING GRANT 25,000
MILE HIGH WORKSHOP


3795 E 38TH AVE
DENVER,CO80205 		  PC GENERAL OPERATING GRANT 25,000
MILITARY COMMUNITY YOUTH MINISTRIES


540 NORTH CASCADE AVE
STE 300
COLORADO SPRINGS,CO80903 		  PC GENERAL OPERATING GRANT 15,000
MISSISSIPPI CENTER FOR PUBLIC


520 GEORGE STREET
JACKSON,MS39202 		  PC GENERAL OPERATING GRANT 20,000
MOUNTAIN AREA PREGNANCY CENTER


3721 EVERGREEN PARKWAY
STE 12
EVERGREEN,CO80439 		  PC GENERAL OPERATING GRANT 5,000
MOUNTAIN STATES POLICY CENTER


PO BOX 2639
COEUR DALENE,ID83816 		  PC GENERAL OPERATING GRANT 15,000
MOVING PICTURE INSTITUTE


375 GREENWICH STREET
NEW YORK,NY10013 		  PC GENERAL OPERATING GRANT 50,000
NATIONAL CENTER FOR PUB POLICY


2005 MASSACHUSETTS AVE NW
WASHINGTON,DC20036 		  PC GENERAL OPERATING GRANT 30,000
NATIONAL COWBOY AND WESTERN


1700 NORTHEAST 63RD ST
OKLAHOMA CITY,OK73111 		  PC CAPITAL PROJECT 250,000
NETWORK FOR TEACHING


120 WALL STREET 18TH FLR
NEW YORK,NY10005 		  PC GENERAL OPERATING GRANT 50,000
NETWORK OF ENLIGHTENED WOMEN


1360 E CAPITOL ST NE
WASHINGTON,DC20003 		  PC GENERAL OPERATING GRANT 15,000
NEVADA POLICY RESEARCH INSTITTUTE


7130 PLACID STREET
LAS VEGAS,NV89119 		  PC GENERAL OPERATING GRANT 10,000
NEW ENGLAND FOUNDATION


333 WASHINGTON STREET
STE 850
BOSTON,MA02108 		  PC GENERAL OPERATING GRANT 30,000
OKLAHOMA COUNCIL OF PUBLIC AFFAIRS


1401 N LINCOLN BLVD
OKLAHOMA CITY,OK73104 		  PC GENERAL OPERATING GRANT 30,000
PACIFIC LEGAL FOUNDATION


555 CAPITAL MALL ST
STE 1290
SACRAMENTO,CA95814 		  PC GENERAL OPERATING GRANT 90,000
PACIFIC RESEARCH INST FOR PUBLIC


680 E COLORADO BLVD
STE 180
PASADENA,CA91101 		  PC GENERAL OPERATING GRANT 35,000
PALMETTO PROMISE INSTITUTE


1201 HAMPTON STREET
STE 2A-1
COLUMBIA,SC29201 		  PC GENERAL OPERATING GRANT 20,000
PARTNERS IN HOUSING


455 GOLD PASS HEIGHTS
COLORADO SPRINGS,CO80906 		  PC TRANSITIONAL HOUSING PROGRAM 30,000
PELICAN INSTITUTE FOR PUBLIC POLICY


400 POYDRAS STREET
STE 900
NEW ORLEANS,LA70130 		  PC GENERAL OPERATING GRANT 35,000
PEOPLE UNITED FOR PRIVACY


1100 H STREET STE 840
WASHINGTON,DC20005 		  PC GENERAL OPERATING GRANT 25,000
PHILANTHROPY COLORADO


600 S CHERRY STREET
STE 1200
DENVER,CO80246 		  PC PHILANTHROPY COLORADO 5,365
PLATTE INSTITUTE FOR ECONOMIC


6910 PACIFIC STREET
STE 216
OMAHA,NE68106 		  PC GENERAL OPERATING GRANT 30,000
PREGNANCY RESOURCE CONNECTION


3 TEN MILE DRIVE
GRANBY,CO80446 		  PC GENERAL OPERATING GRANT 15,000
PROJECT RESTART INC


3525 W OXFORD AVE
DENVER,CO80236 		  PC GENERAL OPERATING GRANT 50,000
PUEBLO CRISIS PREGNANCY CENTER


500 COLORADO AVE
PUEBLO,CO81004 		  PC GENERAL OPERATING GRANT 15,000
REASON FOUNDATION


5737 MESMER AVE
LOS ANGELES,CA90230 		  PC GENERAL OPERATING GRANT 50,000
SAMARITAN'S PURSE


801 BAMBOO ROAD
BOONE,NC28607 		  PC DISASTER RECOVERY 100,000
SAVE OUR YOUTH


3443 W 23RD AVE
DENVER,CO80211 		  PC GENERAL OPERATING GRANT 60,000
SCL HEALTH LUTHERAN MEDICAL


8300 W 38TH AVE
WHEAT RIDGE,CO80033 		  PC BEREAVEMENT PROGRAMS 10,000
SEEDS OF HOPE NORTHERN


1300 S STEELE STREET
DENVER,CO80210 		  PC GENERAL OPERATING GRANT 20,000
SLOYD EXPERIENCE


615 JEFFERSON AVE
LOUISVILLE,CO80027 		  PC GENERAL OPERATING GRANT 15,000
SPEECH FIRST INC


1300 I STREET NW
STE 400E
WASHINGTON,DC20005 		  PC GENERAL OPERATING GRANT 25,000
SPROUTIN' UP CORPORATION


518 HICKORY STREET
FORT COLLINS,CO80524 		  PC GENERAL OPERATING GRANT 8,000
STARTUP COLORADO


PO BOX 25294
SILVERTHORNE,CO80498 		  PC GENERAL OPERATING GRANT 15,000
STATE POLICY NETWORK


1500 WILSON BLVD
STE 600
ARLINGTON,VA22209 		  PC UNDIVIDE US 70,000
STATE POLICY NETWORK


1500 WILSON BLVD
STE 600
ARLINGTON,VA22209 		  PC GENERAL OPERATING GRANT 80,000
STEAMBOAT INSTITUTE


27855 WHITEWOOD DR EAST
STEAMBOAT SPRINGS,CO80487 		  PC CAMPUS LIBERTY TOUR GRANT 300,000
STEP DENVER


2029 LARIMER STREET
DENVER,CO80205 		  PC COLORADO SPRINGS EXPANSION 550,000
SUTHERLAND INSTITUTE


420 EAST SOUTH TEMPLE
STE 510
SALT LAKE CITY,UT84111 		  PC GENERAL OPERATING GRANT 10,000
TAX FOUNDATION


1325 G STREET NW
STE 950
WASHINGTON,DC20005 		  PC GENERAL OPERATING GRANT 50,000
THE BECKET FUND


1919 PENNSYLVANIA AVE NW
400
WASHINGTON,DC20006 		  PC GENERAL OPERATING GRANT 125,000
THE BUCKEYE INSTITUTE


88 E BROAD STREET
STE 1300
COLUMBUS,OH43215 		  PC GENERAL OPERATING GRANT 25,000
THE FAIRNESS CENTER INC


500 NORTH THIRD STREET
STE 600
HARRISBURG,PA17101 		  PC GENERAL OPERATING GRANT 25,000
THE GLOBAL ORPHAN PROJECT INC


3161 WYANDOTTE STREET
KANSAS CITY,MO64111 		  PC FLORIDA CHAMPIONS FUND 50,000
THE HERITAGE FOUNDATION


214 MASSACHUSETTS AVE NE
WASHINGTON,DC20002 		  PC GENERAL OPERATING GRANT 75,000
THE NATIONAL CATHOLIC BIOETHICS


600 REED ROAD STE 102
BROOMALL,PA19008 		  PC GENERAL OPERATING GRANT 20,000
TORCH OF FREEDOM FOUNDATION


2795 W HIGHWAY 290
DRIPPING SPRINGS,TX78620 		  PC COLORADO PROGRAMMING GRANT 7,500
UNIVERSITY OF NORTHERN COLORADO


1620 RESERVOIR ROAD
GREELEY,CO80631 		  PC FSI SCHOLARSHIP PROGRAM GRANT 31,500
WESTERNAIRES


15200 W 6TH AVE
GOLDEN,CO80401 		  PC GENERAL OPERATING GRANT 20,000
WHIZ KIDS TUTORING


5500 E YALE AVE
STE 200
DENVER,CO80223 		  PC GENERAL OPERATING GRANT 15,000
WOMEN'S BEAN PROJECT


1300 WEST ALAMEDA
DENVER,CO80223 		  PC GENERAL OPERATING GRANT 25,000
YOUNG AMERICANS CENTER FOR


32415 HIGHWAY 34
WRAY,CO80758 		  PC RURAL PROGRAMMING-WRAY 10,000
YOUNG AMERICANS CENTER FOR


3550 E FIRST AVENUE
DENVER,CO80206 		  PC GENERAL OPERATING GRANT 30,000
YOUNG VOICES


1701 RHODE ISLAND AVE NW
WASHINGTON,DC20036 		  PC GENERAL OPERATING GRANT 15,000
YOUTHENTITY


572 HIGHWAY 133
CARBONDALE,CO81623 		  PC GENERAL OPERATING GRANT 25,000
Total .................................right arrow 3a 8,887,125
bApproved for future payment
COMMON SENSE INSTITUTE

6295 GREENWOOD PLAZA BLVD
STE 100
GREENWOOD VILLAGE,CO80111 		  PC PROGRAM SPECIFIC 300,000
STEAMBOAT INSTITUTE

27855 WHITEWOOD DR EAST
STEAMBOAT SPRINGS,CO80487 		  PC PROGRAM SPECIFIC 350,000
ILLINOIS POLICY INSTITUTE

300 S RIVERSIDE PLAZA
STE 1650
CHICAGO,IL60606 		  PC PROGRAM SPECIFIC 150,000
GREENHOUSE SCHOLARS

1820 FOLSOM STREET
BOULDER,CO80302 		  PC PROGRAM SPECIFIC 150,000
CHANGE PLEASE USA

932 SEIGLE AVENUE
INNOVATION BARN
CHARLOTTE,NC28205 		  PC PROGRAM SPECIFIC 150,000
HANDS OF THE CARPENTER

16097 S GOLDEN ROAD
GOLDEN,CO80401 		  PC PROGRAM SPECIFIC 250,000
LIBERTAS INSTITUTE

2183 W MAIN STREET
STE 102
LEHI,UT84043 		  PC PROGRAM SPECIFIC 900,000
STEP DENVER

2029 LARIMER STREET
DENVER,CO80205 		  PC PROGRAM SPECIFIC 500,000
CHILDREN'S LITERACY CENTER

2928 STRAUS LANE STE 100
COLORADO SPRINGS,CO80907 		  PC PROGRAM SPECIFIC 100,000
LEMONADE DAY

1800 WEST LOOP SOUTH
STE 1875
HOUSTON,TX77027 		  PC PROGRAM SPECIFIC 125,000
CROSSPURPOSE

3050 RICHARD ALLEN COURT
DENVER,CO80205 		  PC PROGRAM SPECIFIC 450,000
CAFE MOMENTUM

1510 PACIFIC STREET
DALLAS,TX75201 		  PC PROGRAM SPECIFIC 175,000
Total ................................. right arrow 3b 3,600,000
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 ........... 		    14 75,632  
4 Dividends and interest from securities ....     14 3,065,472  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 1,133,046  
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		523000 8,024 18 35,995,283  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aPARTNERSHIP PASS-THRU INCOM 		    14 -199,313  
bBERTRAM 523000 -3,451      
cSIGULAR GUFF IV 523000 -275      
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 4,298 40,070,120  
13Total. Add line 12, columns (b), (d), and (e)..................
13
40,074,418
(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 (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

TY 2023 AccountingFeesSchedule
Name:
ADOLPH COORS FOUNDATION
EIN:
51-0172279
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
KUNDINGER, CORDER & MONTOYA PC 35,000 10,500   24,500
LISA ERNST CPA INC. 7,500 3,750   3,750

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TY 2023 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           307,028      

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TY 2023 GainLossSaleOtherAssetsSch
Name:
ADOLPH COORS FOUNDATION
EIN:
51-0172279
Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
SIGULAR GUFF IV   PURCHASE     8,024       8,024  

TY 2023 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 166,458,456 216,672,597

TY 2023 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 6,765,135   6,765,135 14,985,000

TY 2023 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   426,027
PILOTHOUSE VENTURE FUND AT COST 1,331,663 5,383,707
AMGIC VC DIRECT AT COST 436,334 1,069,625
GLOBAL SPECIAL OPPORTUNITIES AT COST 218,792 241,427
SIGULER GUFF OPPORTUNITIES FUND III AT COST 1,137,079 1,351,906
TWO SIGMA ABSOLUTE RETURN CAYMAN LTD AT COST 6,043,516 10,651,273
MONARCH CAPITAL PARTNERS OFFSHORE IV AT COST 584,659 889,067
MONARCH CAPITAL PARTNERS OFFSHORE V AT COST 1,312,548 1,936,904
MONARCH CAPITAL PARTNERS OFFSHORE VI AT COST 915,000 1,132,851
BERTRAM CAPITAL AT COST 147,573 357,053
DAVIDSON KEMPNER INTERNATIONAL (BVI) AT COST 5,000,000 7,445,770
SIGULER GUFF OPPORTUNITIES FUND IV AT COST 1,982,826 3,116,563
SIGULER GUFF OPPORTUNITIES FUND V AT COST 2,165,099 2,655,353
GREENSPRING STEPSTONE GLOBAL IX AT COST 1,667,678 2,508,234
GREENSPRING STEPSTONE GLOBAL X AT COST 1,950,811 1,933,605
GREENSPRING STEPSTONE GLOBAL XI AT COST 841,880 824,930

TY 2023 LandEtcSchedule2
Name:
ADOLPH COORS FOUNDATION
EIN:
51-0172279
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
BUILDING 2,556,485 693,512 1,862,973 1,862,973
ARTWORK 112,494   112,494 112,494
FURNITURE 24,913 14,548 10,365 10,365
LAND 683,368   683,368 683,368


TY 2023 LegalFeesSchedule
Name:
ADOLPH COORS FOUNDATION
EIN:
51-0172279
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
REINHART BOERNER VAN DEUREN 1,308     1,308
MAVEN LAW GROUP 3,275     3,275
SHERIDAN LAW LLC 2,200     2,200


TY 2023 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 59,363 59,363    
LANDSCAPING 28,438 28,438    
CLEANING 74,539 74,539    
SECURITY 12,259 12,259    
UTILITIES 89,014 89,014    
PARKING AND GARAGE 1,507 1,507    
MANAGEMENT FEES 33,707 33,707    
ADMINISTRATIVE 19,125 19,125    
INSURANCE 23,670 23,670    
PROPERTY TAXES 424,736 424,736    
EXPENSES        
EQUIPMENT MAINTENANCE 7,500     7,500
PENSION MANAGEMENT 5,480     5,480
POSTAGE 346     346
NEW PROGRAM DEVELOPMENT 5,870     5,870
OFFICE SUPPLIES 5,842     5,842
PROFESSIONAL DEVELOPMENT 12,879     12,879
BOARD MEETING EXPENSES 2,126     2,126
BOARD TRANSPORTATION 15,835     15,835
COMPUTER PHONE HARDWARE 9,147     9,147
PAYCHEX/BILL.COM 8,498     8,498
INSURANCE 17,182     17,182
DUES, SUBSCRIPTIONS AND BOOKS 6,066     6,066
COMPUTER SOFTWARE 12,468     12,468
COMPUTER SERVICES 10,746     10,746
TELEPHONE AND INTERNET 12,665     12,665
MISCELLANEOUS EXPENSE 13,618     13,618
LEADERSHIP GATHERINGS 9,010     9,010


TY 2023 OtherIncomeSchedule2
Name:
ADOLPH COORS FOUNDATION
EIN:
51-0172279
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PARTNERSHIP PASS-THRU INCOME -199,313 -199,313  
BERTRAM -3,451    
SIGULAR GUFF IV -275    


TY 2023 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 2023 OtherProfessionalFeesSchedule
Name:
ADOLPH COORS FOUNDATION
EIN:
51-0172279
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CAPFINANCIAL PARTNERS 132,236 132,236    
NORTHERN TRUST 71,008 71,008    
VENTURE PORTFOLIO 423 423    
PARAMETRIC 43,839 43,839    
AXIO 7,400     7,400
KARL GLASGOW 4,020     4,020
RAVEN MANAGED SERVICES 37,515     37,515
CRONER COMPANY 2,500     2,500
TOV CONSULTING GROUP 74,500     74,500
NFP FIRST PERSON INC. 4,250     4,250
HOPLIN JACKSON ADVISORS LLC 150,000 75,000   75,000
ROBINSON CORPORATIONS 20,000     20,000


TY 2023 TaxesSchedule
Name:
ADOLPH COORS FOUNDATION
EIN:
51-0172279
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ESTIMATED EXCISE TAX PAYMENT 33,628