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
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
ZOMA FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)700 N COLORADO BLVD 711
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
DENVER, CO80206
A Employer identification number

81-4630003
B Telephone number (see instructions)

(303) 927-6825
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$529,458,258J 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) 350,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments 1,638,632 1,638,632  
4 Dividends and interest from securities... 10,749,695 10,749,695  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -7,583,652
b Gross sales price for all assets on line 6a 299,554,112
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
221,941 221,941  
12 Total. Add lines 1 through 11........ 5,376,616 12,610,268  
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
74,198 0   74,198
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
31,647 15,823   15,824
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
3,847,227 444,223   3,401,249
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
462,422 347,247   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 32,320 0   32,320
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,467,230 1,174,823   227,193
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 5,915,044 1,982,116   3,750,784
25 Contributions, gifts, grants paid....... 23,027,286 23,027,286
26 Total expenses and disbursements. Add lines 24 and 25 28,942,330 1,982,116   26,778,070
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -23,565,714
b Net investment income (if negative, enter -0-) 10,628,152
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
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............. 4,963,393 473,278 473,278
2 Savings and temporary cash investments......... 13,747,547 11,340,295 11,340,295
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 arrow19,851,433
Less: allowance for doubtful accounts right arrow0 16,498,873 Click to see attachment
List of Attached Documents:
// Content
19,851,433 		19,851,433
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).......... 469,347,526 Click to see attachment
List of Attached Documents:
// Content
497,743,252 		497,743,252
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
50,000 		Click to see attachment
List of Attached Documents:
// Content
50,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 504,557,339 529,458,258 529,458,258
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 504,557,339 529,458,258
29 Total net assets or fund balances (see instructions)..... 504,557,339 529,458,258
30 Total liabilities and net assets/fund balances (see instructions). 504,557,339 529,458,258
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
504,557,339
2
Enter amount from Part I, line 27a .....................
2
-23,565,714
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
80,302,884
4
Add lines 1, 2, and 3 ..........................
4
561,294,509
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
31,836,251
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
529,458,258
Form 990-PF (2024)
Form 990-PF (2024)
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 P    
b NORTHERN TRUST #6764 P    
c NORTHERN TRUST #1535 P    
d NORTHERN TRUST #1535 P    
e NORTHERN TRUST #7533 P    
NORTHERN TRUST #7533 P    
NORTHERN TRUST #6325 P    
NORTHERN TRUST #6325 P    
NORTHERN TRUST #6325 P    
NORTHERN TRUST #9248 P    
FROM K-1 PASS-THROUGHS-NET CAPITAL GAINS P    
CAPITAL GAIN DISTRIBUTIONS P    
NORTHERN TRUST #7533 P    
FROM K-1 PASS-THROUGHS-NET CAPITAL GAINS 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 63,036,727   62,997,959 38,768
b 127,108,304   141,156,074 -14,047,770
c 13,777,919   12,280,375 1,497,544
d 42,489,686   38,367,051 4,122,635
e 8,556,582   8,244,194 312,388
6,979,801   7,081,589 -101,788
2,155,669   2,155,220 449
459,693     459,693
689,539     689,539
34,272,784   34,776,185 -503,401
    78,455 -78,455
23,677     23,677
3,731     3,731
    662 -662
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       38,768
b       -14,047,770
c       1,497,544
d       4,122,635
e       312,388
      -101,788
      449
      459,693
      689,539
      -503,401
      -78,455
      23,677
      3,731
      -662
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 -7,583,652
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) 1 147,731
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........................... 3 147,731
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- ..... 5 147,731
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 148,859
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 81,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 229,859
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 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 82,128
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow82,128 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
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
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 arrowCO, 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 2024 or the taxable year beginning in 2024? 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 arrowJANNA WILLIAMS Telephone no.right arrow (303) 927-6825

Located atright arrow700 N COLORADO BLVD STE 711DENVERCO 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 2024, 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, SF
Form 990-PF (2024)
Form 990-PF (2024)
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 2024? .............
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 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
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 2024 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 2024.) .....................
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 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
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
700 N COLORADO BLVD SUITE 711
DENVER,CO80206
LUCY ANA A WALTON DIRECTOR/ CO-PRESIDENT
5.00 		0 0 0
700 N COLORADO BLVD SUITE 711
DENVER,CO80206
JANNA WILLIAMS SECRETARY
12.00 		0 0 0
700 N COLORADO BLVD SUITE 711
DENVER,CO80206
ABRAHAM SHERMAN TREASURER
5.00 		0 0 0
700 N COLORADO BLVD SUITE 711
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
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
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 SEE STATEMENT 14 1,725,000
711 3RD AVENUE 4TH FLOOR
NEW YORK,NY10017
SYSTEMIQ LIMITED SEE STATEMENT 14 1,245,422
8TH FLOOR 110 HIGH HOLBORN
  LONDON  
UK
NORTHERN TRUST SEE STATEMENT 14 444,223
50 SOUTH LASALLE STREET
CHICAGO,IL60603
JP MORGAN PRIVATE FOUNDATION SERVICES SEE STATEMENT 14 200,000
1455 16TH STREET SUITE 407
DENVER,CO80202
WALTON ENTERPRISES LLC SEE STATEMENT 14 187,799
PO BOX 1860
BENTONVILLE,AR72712
Total number of others receiving over $50,000 for professional services.............right arrow1
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 THE TAXPAYER PROVIDED A LOAN TO EMERGENT FOREST FINANCE ACCELERATOR DURING 2024 TO SUPPORT THE BORROWER'S WORK TO EXECUTE APPROXIMATELY TEN (10) JURISDICTIONAL SCALE CARBON TRANSACTIONS AND SUPPORT THE ONGOING OPERATIONS OF THE LEAF COALITION. 4,165,000
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow4,165,000
Form 990-PF (2024)
Form 990-PF (2024)
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
510,354,861
b
Average of monthly cash balances.......................
1b
2,400,110
c
Fair market value of all other assets (see instructions)................
1c
4,050,000
d
Total (add lines 1a, b, and c).........................
1d
516,804,971
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
516,804,971
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
7,752,075
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
509,052,896
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
25,452,645
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
25,452,645
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
147,731
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
147,731
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
25,304,914
4
Recoveries of amounts treated as qualifying distributions................
4
812,440
5
Add lines 3 and 4............................
5
26,117,354
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
26,117,354
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
26,778,070
b
Program-related investments—total from Part VIII-B..................
1b
4,165,000
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
30,943,070
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 26,117,354
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020...... 7,323,324
c From 2021......  
d From 2022......  
e From 2023...... 2,169
f Total of lines 3a through e ........ 7,325,493
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 30,943,070
a Applied to 2023, 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 2024 distributable amount..... 26,117,354
e Remaining amount distributed out of corpus 4,825,716
5 Excess distributions carryover applied to 2024. 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 12,151,209
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 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		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 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		12,151,209
10 Analysis of line 9:
a Excess from 2020.... 7,323,324
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023.... 2,169
e Excess from 2024.... 4,825,716
Form 990-PF (2024)
Form 990-PF (2024)
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 2024, 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) 2024 (b) 2023 (c) 2022 (d) 2021
         
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 if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
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 (2024)
Form 990-PF (2024)
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

PO BOX 9002 CAMPUS BOX 43
LITTLETON,CO80160 		  PC TO SUPPORT THE COLORADO HEALTH CAREERS COLLABORATIVE, LED BY ARAPAHOE COMMUNITY COLLEGE AND THE COMMUNITY COLLEGE OF DENVER, WHICH BRINGS TOGETHER SOME OF COLORADO'S LARGEST HEALTH EMPLOYERS, COMMUNITY COLLEGES, AN INNOVATIVE COLORADO BASED INSTRUCTIONAL DESIGN COMPANY, AND 7 RURAL AND URBAN K-12 SCHOOL DISTRICTS TO CO-CREATE EQUITABLE HEALTH CAREER PATHS FOR COLORADO YOUTH. 425,363

CAREERWISE

400 S COLORADO BLVD 700
DENVER,CO80246 		  PC TO SUPPORT GENERAL OPERATIONS 50,000

CITY YEAR INC

789 SHERMAN ST 400
DENVER,CO80203 		  PC TO SUPPORT GENERAL OPERATIONS 100,000

CLAYTON EARLY LEARNING

3801 MARTIN LUTHER KING BLVD
DENVER,CO80205 		  PC TO SUPPORT GENERAL OPERATIONS 50,000

COLORADO CHILDREN'S CAMPAIGN INC

1700 BROADWAY 840
DENVER,CO80290 		  PC TO SUPPORT GENERAL OPERATIONS 50,000

COLORADO EDUCATION INITIATIVE (CEI)

3000 LAWRENCE ST BOX 135
DENVER,CO80205 		  PC TO SUPPORT GENERAL OPERATIONS 50,000

COLORADO EDUCATION INITIATIVE (CEI)

3000 LAWRENCE ST BOX 135
DENVER,CO80205 		  PC TO SUPPORT STRATEGIC CAPACITY SUPPORT FOR COLORADO EDUCATION INITIATIVE'S CAREER-CONNECTING LEARNING. 300,000

COLORADO EDUCATION INITIATIVE (CEI)

3000 LAWRENCE ST BOX 135
DENVER,CO80205 		  PC TO SUPPORT HOMEGROWN TALENT INITIATIVE, A JOINT EFFORT BETWEEN COLORADO EDUCATION INITIATIVE AND COLORADO SUCCEEDS TO DEVELOP CAREER-CONNECTED LEARNING EXPERIENCES FOR K-12 STUDENTS IN RURAL COMMUNITIES ACROSS COLORADO. 240,000

COLORADO ENERGY AND SUSTAINABILITY COLLABORATORY

8181 E TUFTS AVE
DENVER,CO80237 		  PC TO SUPPORT GENERAL OPERATIONS 50,000

COLORADO EQUITABLE ECONOMIC MOBILITY INITIATIVE (CEEMI)

1999 BROADWAY SUITE 600
DENVER,CO80202 		  PC TO SUPPORT GENERAL OPERATIONS WITH A SPECIFIC FOCUS ON EVIDENCE-BASED WORKFORCE DEVELOPMENT INITIATIVES. 50,000

COLORADO HEALTH INSTITUTE

1999 BROADWAY SUITE 600
DENVER,CO80202 		  PC TO SUPPORT GENERAL OPERATIONS SPECIFICALLY FOR CHILDHOOD/BEHAVIORAL HEALTH WORK. 100,000

COLORADO MESA UNIVERSITY FOUNDATION

1100 NORTH AVENUE
GRAND JUNCTION,CO81501 		  PC TO SUPPORT THE LAUNCH AND IMPLEMENTATION OF THE 'REIMAGINED' GRAND VALLEY OUTDOOR RECREATION COALITION WHICH CHAMPIONS THE GROWTH OF THE OUTDOOR INDUSTRY AS A MEANS FOR DRIVING A THRIVING LOCAL ECONOMY. 162,000

COLORADO PERINATAL CARE QUALITY COLLABORATIVE (CPCQC)

820 S MONACO PKWY 161
DENVER,CO80224 		  PC TO SUPPORT GENERAL OPERATIONS 150,000

COLORADO PERINATAL MENTAL HEALTH PROJECT

820 S MONACO PKWY
DENVER,CO802243703 		  PC TO SUPPORT THE ORGANIZATION'S STRATEGIC FOCUS AND SUPPORTING INITIATIVES IN PERINATAL MENTAL HEALTH. 151,458

COLORADO STATE UNIVERSITY (CSU) FOUNDATION

300 UNIVERSITY SERVICES CENTER 2002
CAMPUS DELIVERY
FORT COLLINS,CO80523 		  PC TO SUPPORT GENERAL OPERATIONS 200,000

DENVER CHILDREN'S ADVOCACY CENTER

2149 FEDERAL BLVD
DENVER,CO80211 		  PC TO SUPPORT GENERAL OPERATIONS 50,000

DENVER PUBLIC SCHOOLS FOUNDATION

1860 LINCOLN STREET 9TH FLOOR
DENVER,CO80203 		  PC TO SUPPORT GENERAL OPERATIONS 25,000

EARLY MILESTONES COLORADO

165 MADISON STREET
DENVER,CO80206 		  PC TO SUPPORT GENERAL OPERATIONS 50,000

FIRST SOUTHWEST COMMUNITY FUND

720 MAIN STREET
ALAMOSA,CO81101 		  PC TO SUPPORT OPERATIONS AND MANAGEMENT OF LOAN FUNDS FOR RURAL COLORADO BUSINESSES WHO STRUGGLE TO ACCESS CONVENTIONAL FINANCING. 50,000

FOUNDATION FOR COLORADO COMMUNITY COLLEGES

9101 E LOWRY PL
DENVER,CO80230 		  PC TO SUPPORT GENERAL OPERATIONS 50,000

FOUNDATION FOR COLORADO COMMUNITY COLLEGES

9101 E LOWRY PL
DENVER,CO80230 		  PC TO SUPPORT THE COLORADO COMMUNITY COLLEGE SYSTEM TO DEVELOP ITS NEXT STRATEGIC PLAN. 50,000

GRAND JUNCTION ECONOMIC PARTNERSHIP

122 NORTH 6TH STREET
GRAND JUNCTION,CO81501 		  PC TO SUPPORT GJEP'S CORE PROGRAMMATIC WORK. 100,000

HIGH LINE CANAL CONSERVANCY

915 S PEARL STREET
DENVER,CO80209 		  PC 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 THE GOAL OF SUPPORTING COMMUNITY CONNECTION AND DEVELOPMENT. 1,530,681

ILLUMINATE COLORADO

1530 WEST 13TH AVENUE SUITE 118
DENVER,CO80204 		  PC TO SUPPORT GENERAL OPERATIONS 30,000

ILLUMINATE COLORADO

1530 WEST 13TH AVENUE SUITE 118
DENVER,CO80204 		  PC TO CATALYZE THE INITIAL IMPLEMENTATION OF THE FAMILY CONNECTS MODEL IN COLORADO. 200,000

INSTITUTE FOR WESTERN ENERGY (FKA COLORADO ENERGY & WATER INSTITUTE (CEWI))

1177 NEWPORT STREET
DENVER,CO80220 		  PC TO SUPPORT THE ORGANIZATION TO MANAGE WEC OPERATIONS AND SUSTAIN A BIPARTISAN, REGIONALLY REPRESENTATIVE CAUCUS THAT SERVES AS AN EDUCATIONAL RESOURCE PROVIDING BALANCED, DIVERSE POLICY PERSPECTIVES THROUGH PUBLIC-INTEREST WORKSHOPS AND ENGAGEMENT. 40,000

INVEST IN KIDS

1775 SHERMAN STREET SUITE 2075
DENVER,CO80203 		  PC TO SUPPORT GENERAL OPERATIONS 25,000

JEFFCO SCHOOLS FOUNDATION

581 CONFERENCE PLACE
GOLDEN,CO80401 		  PC 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 JEFFERSON COUNTY SCHOOLS. 150,000

MATERNAL MENTAL HEALTH LEADERSHIP ALLIANCE (MMHLA)

3068 NORTH QUINCY STREET
ARLINGTON,VA22207 		  PC TO SUPPORT THE ORGANIZATION'S STRATEGIC FOCUS AND SUPPORTING INITIATIVES IN PERINATAL MENTAL HEALTH. 100,000

MENTAL HEALTH AMERICA OF COLORADO DBA MENTAL HEALTH COLORADO

1120 LINCOLN STREET SUITE 1606
DENVER,CO80203 		  PC TO SUPPORT STRATEGIES TO STRENGTHEN CAPACITY AND REQUIREMENTS FOR MENTAL HEALTH SCREENINGS IN OB/GYN PRACTICES. 100,000

MILE HIGH UNITED WAY INC

PO BOX 5547
DENVER,CO802179425 		  PC TO SUPPORT GENERAL OPERATIONS 50,000

PHILANTHROPY COLORADO

5855 WADSWORTH BYPASS
ARVADA,CO80003 		  PC TO SUPPORT GENERAL OPERATIONS 23,000

POLICY CENTER FOR MATERNAL MENTAL HEALTH (FKA 2020 MOM)

5101 SANTA MONICA BLVD STE 8-326
LOS ANGELES,CA90029 		  PC TO SUPPORT THE ORGANIZATION'S STRATEGIC FOCUS AND SUPPORTING INITIATIVES IN PERINATAL MENTAL HEALTH. 100,000

RALSTON HOUSE

10795 WEST 58TH AVENUE
ARVADA,CO80002 		  PC TO SUPPORT GENERAL OPERATIONS 20,000

RMI

2490 JUNCTION PLACE SUITE 200
BOULDER,CO80301 		  PC TO SUPPORT GENERAL OPERATIONS 50,000

STARTUP COLORADO

862 RAINBOW ROAD
DURANGO,CO81303 		  PC TO SUPPORT GENERAL OPERATIONS 50,000

THE ATTAINMENT NETWORK

789 SHERMAN STREET SUITE 250
DENVER,CO80203 		  PC TO SUPPORT GENERAL OPERATIONS 50,000

THE KEMPE FOUNDATION

13123 EAST 16TH AVENUE SUITE B390
AURORA,CO80045 		  PC TO SUPPORT GENERAL OPERATIONS 50,000

THE NATURE CONSERVANCY

4245 NORTH FAIRFAX DRIVE SUITE 100
ARLINGTON,VA22203 		  PC TO SUPPORT A PROJECT-FINANCE FOR PERMANENCE (PFP) DEAL, A DEAL THAT SECURES LONG-TERM FUNDING FOR CONSERVATION WHILE ENSURING COMMUNITIES BENEFIT THROUGH SUSTAINABLE LIVELIHOODS, LOCAL ENTERPRISE, AND JOB CREATION TIED TO HEALTHY ECOSYSTEMS, DEVELOPED BY ENDURING EARTH WITH THE GOVERNMENT OF MONGOLIA, WITH THE GOAL OF SUPPORTING ECONOMIC PROSPERITY. 7,000,000

THE NATURE CONSERVANCY

4245 NORTH FAIRFAX DRIVE SUITE 100
ARLINGTON,VA22203 		  PC TO ADVANCE ECONOMIC PROSPERITY AND DURABLE CONSERVATION IN THE GREAT BEAR SEASUPPORTING SUSTAINABLE LIVELIHOODS, LOCAL ENTERPRISES, AND JOB CREATIONBY SECURING LONG-TERM FINANCING THROUGH A PROJECT FINANCE FOR PERMANENCE (PFP) INITIATIVE CO-DEVELOPED BY ENDURING EARTH AND 17 FIRST NATIONS. 9,500,000

UNIVERSITY OF COLORADO FOUNDATION

1800 GRANT STREET SUITE 725
DENVER,CO80203 		  PC TO SUPPORT THE HARRIS COMMUNITY FELLOWSHIP PROGRAM, WHICH ADDRESSES THE WORKFORCE SHORTAGE BY PROVIDING TRAINING, MENTORSHIP, EDUCATION, AND SUPPORT FOR RURAL AND REMOTE PERINATAL, INFANT, AND EARLY CHILDHOOD MENTAL HEALTH PROVIDERS ACROSS CO. 66,667

WESTERN RESOURCE ADVOCATES

2260 BASELINE ROAD SUITE 200
BOULDER,CO80302 		  PC TO SUPPORT GENERAL OPERATIONS 50,000

WINDWARD FUND

1828 L STREET NORTHWEST SUITE 300-C
WASHINGTON,DC20036 		  PC TO SUPPORT CENTRAL OPERATIONS OF ENDURING EARTH TO ADVANCE PROJECT-FINANCE FOR PERMANENCE DEALS TO DRIVE BIODIVERSITY, DURABLE CONSERVATION, AND COMMUNITY ECONOMIC DEVELOPMENT GOALS, INCLUDING SUPPORTING SUSTAINABLE LIVELIHOODS, LOCAL ENTERPRISE, AND JOB CREATION. 727,842

WINDWARD FUND

1828 L STREET NORTHWEST SUITE 300-C
WASHINGTON,DC20036 		  PC TO SUPPORT THE DEVELOPMENT AND LAUNCH OF THE SYMBIOSIS COALITION, A CARBON MARKET BUYER'S COALITION THAT SEEKS TO INCREASE INVESTMENT IN THE NEXT GENERATION OF NATURE-BASED CARBON REMOVALS PROJECTS WITH THE GOAL OF UNLOCKING MORE PRIVATE INVESTMENT FOR COMMUNITY ECONOMIC DEVELOPMENT PROGRAMS AROUND THE WORLD. 217,500

YOUTHPOWER365

PO BOX 6550
AVON,CO81620 		  PC 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. 392,775
Total .................................right arrow 3a 23,027,286
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
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 1,638,632  
4 Dividends and interest from securities ....     14 10,749,695  
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 .....     14 221,941  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 -7,583,652  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 5,026,616 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
5,026,616
(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 (2024)
Form 990-PF (2024)
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 Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

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

81-4630003
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
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
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
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) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
ZOMA FOUNDATION INC
  		Employer identification number
81-4630003
Part I
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
700 N COLORADO BLVD SUITE 711
 
DENVER, CO80206

$ 350,000


(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) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
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
 
$    
(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) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
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.) $  
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) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2024 AccountingFeesSchedule
Name:
ZOMA FOUNDATION INC
EIN:
81-4630003
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 31,647 15,823   15,824

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TY 2024 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, 2/27/25 2025-02-27 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, 2024. THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE ABOVE REPORTS; THEREFORE, FURTHER VERIFICATION BY THE FOUNDATION WAS DEEMED UNNECESSARY.
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 LOANS THROUGH ITS MOST RECENT YEAR-ENDING DECEMBER 31, 2024. 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
  SANTIAGO  
CI 		2023-02-13 2,748,000 THE PURPOSE OF THE GRANT IS TO CARRY OUT CHARITABLE ACTIVITIES IN EDUCATIONAL, HEALTH, ENVIRONMENTAL, CULTURAL, AND SOCIAL ISSUES IN CHILE. IN 2024, NO ADDITIONAL AMOUNT WAS GRANTED TO THIS GRANTEE. 2,748,000 NONE 5/14/24 2024-05-14 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, 2024. THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE ABOVE REPORTS; THEREFORE, FURTHER VERIFICATION BY THE FOUNDATION WAS DEEMED UNNECESSARY.
EMERGENT FOREST FINANCE ACCELERATOR
  		156 5TH AVENUE 804
NEW YORK,NY10010 		2023-11-09 5,000,000 TO 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. 4,165,000 NONE 5/15/24, 3/31/2025 2025-04-02 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, 2024. THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE ABOVE REPORTS; THEREFORE, FURTHER VERIFICATION BY THE FOUNDATION WAS DEEMED UNNECESSARY.
EMERGENT FOREST FINANCE ACCELERATOR
  		156 5TH AVENUE 804
NEW YORK,NY10010 		2023-11-09 5,000,000 TO SUPPORT THE BORROWER'S WORK TO EXECUTE APPROXIMATELY 10 JURISDICTIONAL SCALE CARBON TRANSACTIONS AND SUPPORT THE ONGOING OPERATIONS OF THE LEAF COALITION, AS DESCRIBED IN MORE DETAIL IN EXHIBIT D OF THE LOAN AGREEMENT. 5,000,000 NONE 5/31/24, 3/31/25 2025-04-02 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, 2024. THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE ABOVE REPORTS; THEREFORE, FURTHER VERIFICATION BY THE FOUNDATION WAS DEEMED UNNECESSARY.

TY 2024 InvestmentsOtherSchedule2
Name:
ZOMA FOUNDATION INC
EIN:
81-4630003
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
MISSION ALIGNED INVESTMENTS FMV 497,743,252 497,743,252

TY 2024 LegalFeesSchedule
Name:
ZOMA FOUNDATION INC
EIN:
81-4630003
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 74,198 0   74,198


TY 2024 OtherAssetsSchedule
Name:
ZOMA FOUNDATION INC
EIN:
81-4630003
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
OTHER ASSET 0 50,000 50,000


TY 2024 OtherDecreasesSchedule
Name:
ZOMA FOUNDATION INC
EIN:
81-4630003
Description Amount
BOOK/TAX DIFFERENCES 31,836,251


TY 2024 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 DEDUCTIONS 1,173,748 1,173,748   0
BANK FEES 4,139 1,035   3,104
CONTRACT LABOR 187,799 0   130,315
SOFTWARE LICENSE 3,044 0   3,044
CONFERENCE SPONSORSHIPS 90,770 40   90,730
CREDIT CARD FEES 7,730 0   0


TY 2024 OtherIncomeSchedule2
Name:
ZOMA FOUNDATION INC
EIN:
81-4630003
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PASS-THROUGH INCOME 221,930 221,930 221,930
OTHER INCOME 11 11 11


TY 2024 OtherIncreasesSchedule
Name:
ZOMA FOUNDATION INC
EIN:
81-4630003
Description Amount
UNREALIZED GAINS 59,293,120
BOOK TO FMV ADJUSTMENT 21,009,764


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TY 2024 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 1,117,048 516,756 2021-09 2030-09 PRINCIPAL DUE AND PAYABLE AT MATURITY 0 % NONE REFINANCE CLS' DEBT INTO SINGLE LOAN TO REDUCE INTEREST- SEE STMT 12 CASH 516,756
BSIDE FUND PROGRAM-RELATED INVESTMENT 500,000 83,642 2021-09 2031-09 PRINCIPAL DUE AND PAYABLE AT MATURITY 0 % NONE TO PROVIDE FUNDS FOR THE MAIN STREET LOAN FUND CASH 83,642
CHARACTER BASED SMALL BUSINESS LENDING FUND PROGRAM-RELATED INVESTMENT 5,000,000 0 2020-05 2025-04 PRINCIPAL DUE AND PAYABLE AT MATURITY 0 % NONE TO SUPPORT EMERGENCY COLORADO MAIN STREET LOAN PROGRAM 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 700,000 251,035 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 251,035
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 - ADDL INFORMATION ON STMT 12 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 - ADDL INFORMATION ON STMT 12 CASH 835,000
EMERGENT FOREST FINANCE ACCELERATOR INC-OPERATING SUPPORT PROGRAM-RELATED INVESTMENT 4,165,000 4,165,000 2023-11 2030-06 PRINCIPAL IS DUE AND PAYABLE AT MATURITY 0 % NONE TO SUPPORT FUND ACTIVITY - ADDL INFORMATION ON STMT 12 CASH 4,165,000

TY 2024 OtherProfessionalFeesSchedule
Name:
ZOMA FOUNDATION INC
EIN:
81-4630003
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CONSULTING FEES 3,403,004 0   3,401,249
INVESTMENT MANAGEMENT FEES 444,223 444,223   0


TY 2024 TaxesSchedule
Name:
ZOMA FOUNDATION INC
EIN:
81-4630003
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 347,247 347,247   0
EXCISE TAX 115,175 0   0