Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
GARY PHILANTHROPY
 
Number and street (or P.O. box number if mail is not delivered to street address)1705 17TH STREET SUITE 200
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
DENVER, CO80202
A Employer identification number

81-0587194
B Telephone number (see instructions)

(303) 628-3800
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$201,475,691J 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      
4 Dividends and interest from securities... 2,331,743 2,331,743  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -347,699
b Gross sales price for all assets on line 6a 1,478,487
7 Capital gain net income (from Part IV, line 2)...  
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
1,718,769 984,653  
12 Total. Add lines 1 through 11........ 3,702,813 3,316,396  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 1,105,312 36,034   1,050,046
14 Other employee salaries and wages...... 5,212,888 256,714   4,952,244
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
2,517     2,517
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
52,450 3,934   47,205
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
3,166,838 537,368   2,511,700
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
25,048     48
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
8,755    
20 Occupancy..............        
21 Travel, conferences, and meetings....... 343,142 34,314   308,828
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
27,871 24,560   221,074
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 9,944,821 892,924   9,093,662
25 Contributions, gifts, grants paid....... 9,127,687 8,513,776
26 Total expenses and disbursements. Add lines 24 and 25 19,072,508 892,924   17,607,438
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -15,369,695
b Net investment income (if negative, enter -0-) 2,423,472
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............. 1,662,666 3,132,997 3,132,997
2 Savings and temporary cash investments......... 5,799,012 398,332 398,332
3 Accounts receivable right arrow487,326
Less: allowance for doubtful accounts right arrow     487,326 487,326
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.......... 1,940 44,041 44,041
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 47,346,640 Click to see attachment
List of Attached Documents:
// Content
49,796,799 		49,796,799
c Investments—corporate bonds (attach schedule)....... 50,502,079 Click to see attachment
List of Attached Documents:
// Content
37,813,267 		37,813,267
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).......... 97,938,616 Click to see attachment
List of Attached Documents:
// Content
97,220,199 		97,220,199
14 Land, buildings, and equipment: basis right arrow108,850
Less: accumulated depreciation (attach schedule) right arrow104,190 13,415 Click to see attachment
List of Attached Documents:
// Content
4,660 		4,660
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
9,992,460 		Click to see attachment
List of Attached Documents:
// Content
12,578,070 		Click to see attachment
List of Attached Documents:
// Content
12,578,070
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 213,256,828 201,475,691 201,475,691
Liabilities 17 Accounts payable and accrued expenses.......... 3,385,759 715,139
18 Grants payable................. 3,195,978 2,743,061
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)......... 6,581,737 3,458,200
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........... 206,675,091 198,017,491
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    
29 Total net assets or fund balances (see instructions)..... 206,675,091 198,017,491
30 Total liabilities and net assets/fund balances (see instructions). 213,256,828 201,475,691
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
206,675,091
2
Enter amount from Part I, line 27a .....................
2
-15,369,695
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
6,712,095
4
Add lines 1, 2, and 3 ..........................
4
198,017,491
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
198,017,491
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a ACCESS VENTURE P    
b SARONA P    
c ACHIEVE (PUTTING AMERICA BACK TO WOR P    
d SJF VENTURES IV, LP P    
e BREVET DIRECT LENDING P    
SNW ASSET MANAGED P    
ETHIC, INC P    
VISION RIDGE P    
GENERATION IM GLOBAL EQUITY FUND P    
GLOBAL SME GROWTH FUND P    
HUNTINGTON CAPITAL P    
IMPACT AMERICA FUND II P    
LANDED HOMEOWNERSHIP IMPACT FUND, LP P    
LEARNSTART I P    
LEARNSTART II P    
LEARN CAPITAL VENTURES P    
LYME FOREST FUND IV TE LP P    
NORTH SKY P    
REACH III, LP 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     16,331 -16,331
b 78,055     78,055
c 33,995     33,995
d     283,633 -283,633
e     6,531 -6,531
    588,769 -588,769
1,042,196     1,042,196
    17,127 -17,127
    561,383 -561,383
    134,701 -134,701
145,852     145,852
    13,526 -13,526
11,012     11,012
    59,237 -59,237
    10,054 -10,054
    112,025 -112,025
5,811     5,811
155,035     155,035
    22,869 -22,869
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       -16,331
b       78,055
c       33,995
d       -283,633
e       -6,531
      -588,769
      1,042,196
      -17,127
      -561,383
      -134,701
      145,852
      -13,526
      11,012
      -59,237
      -10,054
      -112,025
      5,811
      155,035
      -22,869
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 -354,230
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 -354,230
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 33,686
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 33,686
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 33,686
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 25,000
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.............. Part VI Line 7 - Tax Paid with the Original Return: 9329 7 34,329
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 643
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  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   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
Yes
 
If "Yes," attach a detailed description of the activities.Click to see attachment
List of Attached Documents:
// Content
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowCO
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 Click to see attachment
List of Attached Documents:
// Content
.............
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.GARYCOMMUNITY.ORG
14
The books are in care ofright arrowTHE ORGANIZATION Telephone no.right arrow (303) 628-3800

Located atright arrow1705 17TH STREET STE 200DENVERCO ZIP+4right arrow80202
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)
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).
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
CHRIS WATNEY BOARD CHAIR
000.00 		0 0 0
1705 17TH STREET STE 200
DENVER,CO80202
LUIS DURATE THRU 1023 VICE CHAIR
000.00 		0 0 0
1705 17TH STREET STE 200
DENVER,CO80202
DAVID YOUNGGREN MEMBER
000.00 		0 0 0
1705 17TH STREET STE 200
DENVER,CO80202
ROBERT GARY MEMBER
000.00 		0 0 0
1705 17TH STREET STE 200
DENVER,CO80202
NANCY GARY MEMBER
000.00 		0 0 0
1705 17TH STREET STE 200
DENVER,CO80202
TOM GOUGEON MEMBER
000.00 		0 0 0
1705 17TH STREET STE 200
DENVER,CO80202
JIM KELLEY MEMBER
000.00 		0 0 0
1705 17TH STREET STE 200
DENVER,CO80202
GREG MOORE MEMBER
000.00 		0 0 0
1705 17TH STREET STE 200
DENVER,CO80202
HOLLY VASQUEZ HORVATH MEMBER
000.00 		0 0 0
1705 17TH STREET STE 200
DENVER,CO80202
AMI DESAI COO
29.00 		190,948 34,232 0
1705 17TH STREET STE 200
DENVER,CO80202
JILL HAWLEY VP PHILAN./P
35.00 		210,552 66,053 0
1705 17TH STREET STE 200
DENVER,CO80202
SANTHOSH RAMDOSS PRES/CEO
26.00 		333,736 53,519 0
1705 17TH STREET STE 200
DENVER,CO80202
CHYRISE HARRIS VP COMM
31.00 		194,397 36,709 0
1705 17TH STREET STE 200
DENVER,CO80202
ASHLEY HILL SECRETARY
29.00 		0 0 0
1705 17TH STREET STE 200
DENVER,CO80202
CAITLIN FINN VP FIN/LEGAL
26.00 		175,679 40,291 0
1705 17TH STREET STE 200
DENVER,CO80202
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
AMANDA SKRZYPCHAK EMPLOYEE
33.00 		228,252 24,642  
1705 17TH STREET STE 200
DENVER,CO80202
STEFF CLOTHIER EMPLOYEE
35.00 		182,105 50,729  
1705 17TH STREET STE 200
DENVER,CO80202
JULIE STONE EMPLOYEE
38.00 		164,187 61,157  
1705 17TH STREET STE 200
DENVER,CO80202
BRIAN HIATT EMPLOYEE
31.00 		156,086 54,835  
1705 17TH STREET STE 200
DENVER,CO80202
CATHERINE TONER EMPLOYEE
30.00 		153,796 33,457  
1705 17TH STREET STE 200
DENVER,CO80202
Total number of other employees paid over $50,000...................right arrow 24
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
THE 33RD TALENT CORPORATION STAFFING AGENCY 373,126
1705 17TH STREET SUITE 200
DENVER,CO80202
THE CAPROCK GROUP INC INV ADVISOR 238,333
805 WEST IDAHO STREET SUITE 200
BOISE,ID83702
TRIDENT AMERICAN DREAMS FUND I INV MGR 221,809
15720 BRIXHAM HILL AVE SUITE 206
CHARLOTTE,NC28277
PROSONO LLC CONSULTING 100,121
1120 N LINCOLN ST SUITE 704
DENVER,CO80203
SOCIAL IMPACT SOLUTIONS CONSULTING 86,000
147 NORMANS STREET
GOLDEN,CO80403
Total number of others receiving over $50,000 for professional services.............right arrow4
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 SEE ATTACHED STATEMENT 2,982,232
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow2,982,232
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
200,141,165
b
Average of monthly cash balances.......................
1b
4,309,213
c
Fair market value of all other assets (see instructions)................
1c
1,431,155
d
Total (add lines 1a, b, and c).........................
1d
205,881,533
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
205,881,533
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
3,088,223
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
202,793,310
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
10,139,666
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
10,139,666
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
33,686
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
33,686
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
10,105,980
4
Recoveries of amounts treated as qualifying distributions................
4
820,687
5
Add lines 3 and 4............................
5
10,926,667
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
10,926,667
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
17,607,438
b
Program-related investments—total from Part VIII-B..................
1b
2,982,232
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
20,589,670
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 10,926,667
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 6,404,094
b From 2019...... 7,130,026
c From 2020...... 4,886,545
d From 2021...... 3,427,153
e From 2022...... 4,440,722
f Total of lines 3a through e ........ 26,288,540
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 20,589,670
a Applied to 2022, but not more than line 2a  
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..... 10,926,667
e Remaining amount distributed out of corpus 9,663,003
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 35,951,543
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 .......... 		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) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		6,404,094
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		29,547,449
10 Analysis of line 9:
a Excess from 2019.... 7,130,026
b Excess from 2020.... 4,886,545
c Excess from 2021.... 3,427,153
d Excess from 2022.... 4,440,722
e Excess from 2023.... 9,663,003
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 email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

SEE ATTACHED STATEMENT

1705 17TH STREET 200
DENVER,CO80202 		NONE PC SEE ATTACHED STATEMENT 8,513,776
Total .................................right arrow 3a 8,513,776
bApproved for future payment

SEE ATTACHED STATEMENT
1705 17TH STREET 200
DENVER,CO80202 		NONE PC SEE ATTACHED STATEMENT 1,155,833
Total ................................. right arrow 3b 1,155,833
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
aMY SPARK PROGRAM REVENUE         1,817,895
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 2,331,743  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		523000 6,531 18 -354,230  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aINTEREST FROM PRIS 		    14 122,844  
bINCOME FROM PASSTHROUGHS     14 861,809  
cUBTI FROM PASSTHROUGHS 523000 -1,083,779      
d
e
12 Subtotal. Add columns (b), (d), and (e) .. -1,077,248 2,962,166 1,817,895
13Total. Add line 12, columns (b), (d), and (e)..................
13
3,702,813
(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.)
1A AFTER-SCHOOL ACTIVITIES FOR DPS MIDDLE SCHOOLERS
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:  
Part VI Line 7 - Tax Paid with the Original Return: 9,329


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
GARY PHILANTHROPY
EIN:
81-0587194
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
KUNDINGER, CORDER & MONTOYA P.C. 52,450 3,934   47,205

TY 2023 ActyNotPreviouslyRptExpln
Name:
GARY PHILANTHROPY
EIN:
81-0587194
Explanation:
IN 2023, THE FOUNDATION FORMED MY SPARK LLC TO BUILD AND RUN A PROGRAM TO INCREASE ACCESS TO AFTER-SCHOOL AND EXTRACURRICULAR ACTIVITIES FOR YOUTH DURING THE 2023-2024 SCHOOL YEAR. THE FOUNDATION IS THE SOLE MEMBER OF THE LLC; ACCORDINGLY, ALL OF THE ACCOUNTS AND ACTIVITY OF THE LLC ARE INCLUDED IN THE FINANCIAL STATEMENTS OF THE FOUNDATION. ALL INTERCOMPANY ACTIVITY HAS BEEN ELIMINATED IN THE ACCOMPANYING FINANCIAL STATEMENTS. MY SPARK LLC EXPERIENCED NET INCOME AS OF DECEMBER 31, 2023, TOTALING 1,226,762.

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

TY 2023 DepreciationSchedule
Name:
GARY PHILANTHROPY
EIN:
81-0587194
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     16,366     8,755      

TY 2023 InvestmentsCorpBondsSchedule
Name:
GARY PHILANTHROPY
EIN:
81-0587194
Name of Bond End of Year Book Value End of Year Fair Market Value
SNW ASSET MANAGEMENT LLC 37,813,267 37,813,267

TY 2023 InvestmentsCorpStockSchedule
Name:
GARY PHILANTHROPY
EIN:
81-0587194
Name of Stock End of Year Book Value End of Year Fair Market Value
ETHIC INC 44,984,172 44,984,172
GENERATION IM GLOBAL EQUITY    
VANGUARD FTSE EMERGING 4,812,627 4,812,627

TY 2023 InvestmentsOtherSchedule2
Name:
GARY PHILANTHROPY
EIN:
81-0587194
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ACCESS VENTURE PARTNERS IV FMV 1,170,638 1,170,638
ACHIEVE PARTNERS FMV 5,718,673 5,718,673
ALTHELIA FMV 2,211,863 2,211,863
APIS & HERITAGE LEGACY FUND I FMV 949,453 949,453
BETTER WEEKDAYS INC. FMV 100,000 100,000
BREVET SPECIAL OPPORTUNITY FUND FMV 15,278,295 15,278,295
BRIDGES VENTURES, LP FMV 1,484,381 1,484,381
CHAMBA INC. FMV 100,000 100,000
CIM ENTERPRISE FUND, LP FMV 5,136,943 5,136,943
ELEVAR EQUITY FUND III FMV 6,448,758 6,448,758
ESSENTIAL OWNERS FUND, L.P. FMV 30,448 30,448
EVERYDAY LABS FMV 500,000 500,000
GLOBAL SME GROWTH FUND LP FMV    
GREENBACKER RENEWABLE ENERGY CORPORA FMV 4,778,617 4,778,617
GREYMATTER FUND I FMV 344,616 344,616
GUARDIANS COLLECTIVE APP INC FMV 499,998 499,998
HOMETEAM VENTURES FUND I, LP FMV 459,973 459,973
HONEST JOBS, INC. FMV 100,000 100,000
HUNTINGTON CAPITAL FUND III FMV 27,612 27,612
IMPACT AMERICA FUND II, LP FMV 656,285 656,285
IMPACT AMERICA FUND III, LP FMV 105,304 105,304
KIMPACT EVERGREEN REAL ESTATE FMV 15,477,908 15,477,908
KING STREET CAPITAL, LTD. FMV 157,592 157,592
LANDED EDUCATORS II FMV 500,000 500,000
LANDED HOMEOWNERSHIP IMPACT FMV 2,332,373 2,332,373
LEARN CAPITAL VENTURE FMV 5,806,748 5,806,748
LEARNSTART I FMV 2,275,742 2,275,742
LEARNSTART II FMV 713,974 713,974
LENDABLE SIV FMV 5,092,314 5,092,314
LYME FOREST FUND IV, LP FMV 2,302,599 2,302,599
MAIN STREET PHOENIX WORKERS FMV 115,100 115,100
MOSAIC CAPITAL INVESTORS II LP FMV 1,358,270 1,358,270
NEW ENERGY CAPITAL INFRASTRUCT FMV 146,897 146,897
NEW MARKETS EDUCATION PTNRS III FMV 418,473 418,473
NORTH SKY CLEAN GROWTH FUND IV FMV 560,498 560,498
PARENTPOWERED, PBC FMV 220,000 220,000
REACH III, LP FMV 2,460,851 2,460,851
REACH IV, LP FMV 212,299 212,299
RUTHLESS FOR GOOD FUND I FMV 277,156 277,156
SARONA FRONTIER MARKETS FND II FMV 1,767,754 1,767,754
SJF VENTURES IV FMV 2,090,969 2,090,969
STAKE FMV 510,000 510,000
TRIDENT FMV 2,436,449 2,436,449
VISION RIDGE SUSTAINABLE ASSET FMV 1,903,686 1,903,686
WONDERSCHOOL FMV 90,000 90,000
ZEAL CAPITAL PARTNERS FUND I FMV 1,731,171 1,731,171
ZEAL CAPITAL PARTNERS FUND II FMV 159,519 159,519

TY 2023 LandEtcSchedule2
Name:
GARY PHILANTHROPY
EIN:
81-0587194
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
SOFTWARE/EQUIPMENT 108,850 104,190 4,660 4,660


TY 2023 LegalFeesSchedule
Name:
GARY PHILANTHROPY
EIN:
81-0587194
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FAEGRE DRINKER BIDDLE & REACHT L 2,517     2,517


TY 2023 OtherAssetsSchedule
Name:
GARY PHILANTHROPY
EIN:
81-0587194
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
PROGRAM RELATED INVESTMENTS 9,096,867 11,548,333 11,548,333
PRI INTEREST RECEIVABLE   85,908 85,908
INTEREST/DIVIDEND RECEIVABLE 895,593 266,603 266,603
INV DISTRIBUTION RECEIVABLE   677,226 677,226


TY 2023 OtherExpensesSchedule
Name:
GARY PHILANTHROPY
EIN:
81-0587194
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXPENSES        
INSURANCE 23,516 2,352   21,164
PROFESSIONAL DEVELOPMENT 15,256 1,526   13,730
OFFICE EXPENSES 199,417 19,942   179,475
OTHER EXPENSES 7,405 740   6,665
BAD DEBT EXPENSE 17,514     40
REFUND OF 2021 INCOME TAXES -146,053      
CHANGE IN EXCISE TAX ACCRUAL -89,184      


TY 2023 OtherIncomeSchedule2
Name:
GARY PHILANTHROPY
EIN:
81-0587194
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
MY SPARK PROGRAM REVENUE 1,817,895    
INTEREST FROM PRIS 122,844 122,844  
INCOME FROM PASSTHROUGHS 861,809 861,809  
UBTI FROM PASSTHROUGHS -1,083,779    


TY 2023 OtherIncreasesSchedule
Name:
GARY PHILANTHROPY
EIN:
81-0587194
Description Amount
UNREALIZED GAIN ON INVESTMENTS 6,712,095


TY 2023 OtherProfessionalFeesSchedule
Name:
GARY PHILANTHROPY
EIN:
81-0587194
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER CONSULTING/PROFESSIONAL 2,511,700     2,511,700
THE CAPROCK GROUP 238,333 178,750    
SNW ASSET MANAGEMENT LLC 85,352 85,352    
ETHIC INC. 84,574 84,574    
NEW MARKETS EDUCATION PARTNERS I 7,549 5,662    
TRIDENT 221,809 166,356    
ZEAL CAPITAL PARTNERS 3,390 2,543    
CHARLES SCHWAB 14,131 14,131    


TY 2023 TaxesSchedule
Name:
GARY PHILANTHROPY
EIN:
81-0587194
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAX ESTIMATED PAYMENT 25,000      
DENVER OCC TAX 48     48


TY 2023 TransfersToControlledEntities
Name:
GARY PHILANTHROPY
EIN:
81-0587194
Name US /
Foreign Address		 EIN Description Amount
MY SPARK LLC 1705 17TH STREET SUITE 200
DENVER,CO80202 		93-1377689 INITIAL CONTRIBUTION 1,000,000
Total     1,005,000