TY 2024 Form 990PF

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)
	1	Contributions, gifts, grants, etc., received (attach schedule)	414,951
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	2,769,276	8,033,063
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		10,781,578
b	Gross sales price for all assets on line 6a
7	Capital gain net income (from Part IV, line 2)...		7,019,871
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).......	List of Attached Documents: // Content	0	1,777,543
12	Total. Add lines 1 through 11........	13,965,805	16,830,477	0
	13	Compensation of officers, directors, trustees, etc.	781,344	36,291	0	745,053
14	Other employee salaries and wages......	704,804	0	0	698,776
15	Pension plans, employee benefits.......	258,983	8,660	0	252,105
16a	Legal fees (attach schedule).........	List of Attached Documents: // Content	4,024	0	0	3,691
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	78,950	0	0	78,950
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	936,610	549,305	0	287,305
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	145,073	0	0	5,074
19	Depreciation (attach schedule) and depletion...		55,011	0	0
20	Occupancy..............	261,977	0	0	272,474
21	Travel, conferences, and meetings.......	187,533	0	0	187,375
22	Printing and publications..........	1,726	0	0	1,726
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	125,706	0	0	127,154
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	3,541,741	594,256	0	2,659,683
25	Contributions, gifts, grants paid.......	10,676,200			10,751,200
26	Total expenses and disbursements. Add lines 24 and 25	14,217,941	594,256	0	13,410,883
	27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-252,136
b	Net investment income (if negative, enter -0-)		16,236,221
c	Adjusted net income (if negative, enter -0-)...			0

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
	1	Cash—non-interest-bearing.............	720,030	1,731,925	1,731,925
2	Savings and temporary cash investments.........	8,670,401	9,886,211	9,886,211
3	Accounts receivable 29,517
	Less: allowance for doubtful accounts	29,711	29,517	29,517
4	Pledges receivable
	Less: allowance for doubtful accounts
5	Grants receivable.................
6	Receivables due from officers, directors, trustees, and other
	disqualified persons (attach schedule) (see instructions).....	3,345,139	2,934,017	2,934,017
7	Other notes and loans receivable (attach schedule)
	Less: allowance for doubtful accounts
8	Inventories for sale or use..............
9	Prepaid expenses and deferred charges..........	154,519	54,121	54,121
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
	Less: accumulated depreciation (attach schedule)
12	Investments—mortgage loans.............
13	Investments—other (attach schedule)..........	266,719,430	List of Attached Documents: // Content 272,859,266	272,859,266
14	Land, buildings, and equipment: basis 375,655
	Less: accumulated depreciation (attach schedule) 275,661	155,005	List of Attached Documents: // Content 99,994	99,993
15	Other assets (describe )	List of Attached Documents: // Content 42,153	List of Attached Documents: // Content 24,147	List of Attached Documents: // Content 24,147
16	Total assets (to be completed by all filers—see the
	instructions. Also, see page 1, item I)	279,836,388	287,619,198	287,619,197
	17	Accounts payable and accrued expenses..........	234,463	161,370
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 )	List of Attached Documents: // Content 32,510	List of Attached Documents: // Content 22,995
23	Total liabilities (add lines 17 through 22).........	266,973	184,365
		Foundations that follow FASB ASC 958, check here
	and complete lines 24, 25, 29 and 30.
24	Net assets without donor restrictions...........	279,569,415	287,434,833
25	Net assets with donor restrictions............
	Foundations that do not follow FASB ASC 958, check here
	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).....	279,569,415	287,434,833
30	Total liabilities and net assets/fund balances (see instructions).	279,836,388	287,619,198

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	7,019,871
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 ...................	3

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	225,683
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	225,683
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	225,683
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	6a	238,923
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ..........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............	7	238,923
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. List of Attached Documents: // Content	8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......	9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...	10	13,240
11	Enter the amount of line 10 to be: Credited to 2025 estimated tax13,240	Refunded	11	0

(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
JEREMY FLUG	MEMBER 0.00	0	0	0
4500 E CHERRY CREEK S DR SUITE 250 DENVER,CO80246
RAMSAY STABLER	DIRECTOR, SECRETARY 2.00	0	0	0
4500 E CHERRY CREEK S DR SUITE 250 DENVER,CO80246
VICKI FLUG STERLING	DIRECTOR, PRESIDENT 2.00	0	0	0
4500 E CHERRY CREEK S DR SUITE 250 DENVER,CO80246
EUNICE KIM	DIRECTOR, TREASURER 2.00	0	0	0
4500 E CHERRY CREEK S DR SUITE 250 DENVER,CO80246
ELIZABETH AYBAR CONTI	CHIEF EXECUTIVE OFFICER 40.00	376,735	84,502	9,116
4500 E CHERRY CREEK S DR SUITE 250 DENVER,CO80246
SONYA MARQUES-CORREIA	CHIEF FINANCIAL OFFICER 40.00	308,542	38,481	9,850
4500 E CHERRY CREEK S DR SUITE 250 DENVER,CO80246
DWIGHT JONES	DIRECTOR 2.00	0	0	0
4500 E CHERRY CREEK S DR SUITE 250 DENVER,CO80246
MARGO FLUG START 1212024	DIRECTOR 2.00	0	0	0
4500 E CHERRY CREEK S DR SUITE 250 DENVER,CO80246


LOGAN BOON	DIRECTOR OF GRANTMAK 40.00	188,275	35,677	7,259
4500 E CHERRY CREEK S DR 250 GLENDALE,CO80246
BRENDA CALDERON	MANAGER, STRATEGIC I 40.00	152,850	13,572	9,326
4500 E CHERRY CREEK S DR 250 GLENDALE,CO80246
KIMBERLY MARTINEZ	SENIOR ACCOUNTANT 40.00	151,038	12,307	9,416
4500 E CHERRY CREEK S DR 250 GLENDALE,CO80246
DEE ARIAS	OPERATIONS COORDINAT 40.00	88,940	16,511	10,017
4500 E CHERRY CREEK S DR 250 GLENDALE,CO80246
LINA OSMUNDSON	GRANTS COORDINATOR 40.00	96,745	11,347	6,362
4500 E CHERRY CREEK S DR 250 GLENDALE,CO80246
Total number of other employees paid over $50,000...................	0


MONTICELLO ASSOCIATES INC	INVESTMENT SERVICES	280,000
1800 LARIMER STREET SUITE 2100 DENVER,CO80202
WELLINGTON TRUST COMPANY	INVESTMENT SERVICES	164,305
280 CONGRESS STREET BOSTON,MA02210
901JOHN LLC DBA CENTERED ADVISING	CONSULTING SERVICES	156,584
1824 THORPSHIRE DRIVE RALEIGH,NC27615
THE NORTHERN TRUST COMPANY	CUSTODIAN FEES	100,000
PO BOX 804298 CHICAGO,IL60680
THE TEACHING WELL	CONSULTING SERVICES	60,000
360 GRAND AVE 77 OAKLAND,CA94610

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
40 612 HIGGINS DR 3RD FLOOR NEW ORLEANS,LA70130	NONE	PC	GENERAL OPERATING GRANT	260,000
40 612 HIGGINS DR 3RD FLOOR NEW ORLEANS,LA70130	NONE	PC	COLLABORATION GRANT - 4.0 AND CAMELBACK	30,000
ACLU FOUNDATION 125 BROAD ST 18TH FL NEW YORK,NY10004	NONE	PC	RESTRICTED GRANT TO EDUCATION-RELATED PROGRAMMING AND OPERATIONS	25,000
AFRICAN LEADERSHIP GROUP (CO CNDC) PO BOX 18770 DENVER,CO80218	NONE	NC	GENERAL OPERATING GRANT	60,000
AFRICAN LEADERSHIP GROUP (CO CNDC) PO BOX 18770 DENVER,CO80218	NONE	NC	EMERGENCY HEALTH AND HUMAN SERVICES PROGRAMMING GRANT	20,000
AMERICA'S PROMISE ALLIANCE 1110 VERMONT AVENUE NORTHWEST SUITE 900 WASHINGTON,DC20005	NONE	PC	GENERAL OPERATING GRANT RESTRICTED TO DENVER ALLIANCE	52,500
ANPO PO BOX 4392 BOISE,ID83711	NONE	PC	GENERAL OPERATING GRANT	25,000
BELLWETHER EDUCATION PARTNERS 68 HARRISON AVENUE SUITE 605 PMB 735636 BOSTON,MA021111929	NONE	PC	RESTRICTED GRANT TO JUVENILE JUSTICE AND EDUCATION WORK	75,000
BELLWETHER EDUCATION PARTNERS 68 HARRISON AVENUE SUITE 605 PMB 735636 BOSTON,MA021111929	NONE	PC	COLLABORATION GRANT - BELLWETHER AND IMMSCHOOLS	30,000
BILINGUAL GENERATION LLC 1143 FRUITVALE DRIVE HOUSTON,TX77038	NONE	NC	GENERAL OPERATING GRANT	75,000
BOYS AND GIRLS CLUBS OF THE SAN LUIS VALLEY PO BOX 1032 ALAMOSA,CO811011032	NONE	PC	GENERAL OPERATING GRANT	310,000
BOYS AND GIRLS CLUBS OF THE SAN LUIS VALLEY PO BOX 1032 ALAMOSA,CO811011032	NONE	PC	COLLABORATION GRANT - BGCSLV AND JOY AS RESISTANCE	30,000
BOYS AND GIRLS CLUBS OF THE SAN LUIS VALLEY PO BOX 1032 ALAMOSA,CO811011032	NONE	PC	COLLABORATION GRANT - BGCSLV AND BILINGUAL GENERATION	30,000
BOYS AND GIRLS CLUBS OF THE SAN LUIS VALLEY PO BOX 1032 ALAMOSA,CO811011032	NONE	PC	EMERGENCY HEALTH AND HUMAN SERVICES PROGRAMMING GRANT	20,000
BRANCH ALLIANCE FOR EDUCATOR DIVERSITY (BRANCHED) 100 WORLD DRIVE SUITE 101 PEACHTREE CITY,GA30269	NONE	PC	GENERAL OPERATING GRANT	60,000
CAMELBACK VENTURES 9169 W STATE ST 430 GARDEN CITY,ID83714	NONE	PC	GENERAL OPERATING GRANT	260,000
CAMELBACK VENTURES 9169 W STATE ST 430 GARDEN CITY,ID83714	NONE	PC	COLLABORATION GRANT - CAMELBACK, NEWSCHOOLS AND 4.0	30,000
CLEO PARKER ROBINSON DANCE 119 PARK AVENUE WEST DENVER,CO80205	NONE	PC	RESTRICTED GRANT TO CAPITAL CAMPAIGN	25,000
COLLABORATIVE HEALING INITIATIVE WITHIN COMMUNITIES (CHIC) 1525 JOSEPHINE ST DENVER,CO80206	NONE	PC	GENERAL OPERATING GRANT	360,000
COLLABORATIVE HEALING INITIATIVE WITHIN COMMUNITIES (CHIC) 1525 JOSEPHINE ST DENVER,CO80206	NONE	PC	EMERGENCY HEALTH AND HUMAN SERVICES PROGRAMMING GRANT	20,000
COLORADO BALLET 1075 SANTA FE DRIVE DENVER,CO80204	NONE	PC	GENERAL OPERATING GRANT	10,000
COLORADO EDUCATION INITIATIVE 3000 LAWRENCE ST SUITE 135 DENVER,CO80205	NONE	PC	GENERAL OPERATING GRANT	310,000
COLORADO EDUCATION INITIATIVE 3000 LAWRENCE ST SUITE 135 DENVER,CO80205	NONE	PC	RESTRICTED GRANT TO EMBEDDING AI IN A REIMAGINED HIGH SCHOOL EXPERIENCE PROJECT	124,000
COLORADO EDUCATION INITIATIVE 3000 LAWRENCE ST SUITE 135 DENVER,CO80205	NONE	PC	COLLABORATION GRANT EDNIUM AND CEI	30,000
COLORADO PUBLIC RADIO 7409 SOUTH ALTON COURT CENTENNIAL,CO80112	NONE	PC	GENERAL OPERATING GRANT	2,500
COLORADO SYMPHONY 1245 CHAMPA STREET DENVER,CO80204	NONE	PC	GENERAL OPERATING GRANT	10,000
COLORADO YOUTH CONGRESS 1031 33RD ST DENVER,CO80205	NONE	PC	GENERAL OPERATING GRANT	60,000
COLORADO YOUTH CONGRESS 1031 33RD ST DENVER,CO80205	NONE	PC	EMERGENCY HEALTH AND HUMAN SERVICES PROGRAMMING GRANT	20,000
COMPASS ACADEMY 2285 S FEDERAL BOULEVARD DENVER,CO80219	NONE	PC	GENERAL OPERATING GRANT	60,000
COMPASS ACADEMY 2285 S FEDERAL BOULEVARD DENVER,CO80219	NONE	PC	COLLABORATION GRANT - COMPASS ACADEMY AND TACT	30,000
CONVIVIR 3264 LARIMER STREET UNIT D DENVER,CO80205	NONE	PC	GENERAL OPERATING GRANT	60,000
CREATIVITY CHALLENGE COMMUNITY (CO DENVER PUBLIC SCHOOLS) 1551 SOUTH MONROE STREET DENVER,CO80210	NONE	GOV	GENERAL OPERATING GRANT	60,000
CULTIVANDO PO BOX 273 EASTLAKE,CO80614	NONE	PC	GENERAL OPERATING GRANT	60,000
CULTIVANDO PO BOX 273 EASTLAKE,CO80614	NONE	PC	EMERGENCY HEALTH AND HUMAN SERVICES PROGRAMMING GRANT	20,000
DEMOCRACY FORWARD FOUNDATION 1445 NEW YORK AVENUE NORTHWEST SUITE 300 WASHINGTON,DC20005	NONE	PC	GENERAL OPERATING GRANT	150,000
DENVER ART MUSEUM 100 W 14TH AVENUE PARKWAY DENVER,CO80204	NONE	PC	GENERAL OPERATING GRANT	10,000
EDNIUM THE ALUMNI COLLECTIVE PO BOX 19021 DENVER,CO80219	NONE	PC	GENERAL OPERATING GRANT	160,000
EDUCATION LEADERS OF COLOR (EDLOC) 3680 WILSHIRE BOULEVARD SUITE P-04-1052 LOS ANGELES,CA90010	NONE	PC	GENERAL OPERATING GRANT	50,000
ENSEMBLE LEARNING 8605 SANTA MONICA BOULEVARD PMB 29289 WEST HOLLYWOOD,CA90069	NONE	PC	GENERAL OPERATING GRANT	60,000
FIRST SOUTHWEST COMMUNITY FUND PO BOX 1139 ALAMOSA,CO81101	NONE	PC	RESTRICTED GRANT TO COLORADO NONPROFIT BRIDGE LOAN FUND	75,000
FORMATION VENTURES (CO CAMBIAR EDUCATION) 4653 CARMEL MOUNTAIN RD STE 308-97 SAN DIEGO,CA92130	NONE	NC	GENERAL OPERATING GRANT	60,000
GENERATION TEACH 6 LIBERTY SQUARE 2062 BOSTON,MA02109	NONE	PC	GENERAL OPERATING GRANT	75,000
GREEN SCHOOLS NATIONAL NETWORK 3083 BUCHMAYER BEND NE IOWA CITY,IA52240	NONE	PC	GENERAL OPERATING GRANT	55,000
GRIPTAPE 1803 RIVERSIDE DRIVE 2F NEW YORK,NY10034	NONE	PC	GENERAL OPERATING GRANT	260,000
HADANOU COLLECTIVE 3533 N MARION ST DENVER,CO80205	NONE	PC	RESTRICTED GRANT TO BOOT CAMP PROGRAM	60,000
HARVARD UNIVERSITY 1033 MASSACHUSETTS AVE 5TH FL CAMBRIDGE,MA02138	NONE	PC	RESTRICTED GRANT TO THE HARVARD IMMIGRATION AND REFUGEE CLINIC	75,000
IMMSCHOOLS PO BOX 181029 DALLAS,TX75218	NONE	PC	GENERAL OPERATING GRANT	360,000
INDIGENOUS MONTESSORI INSTITUTE (PROGRAM OF KERES CHILDREN'S LEARNING CENTE PO BOX 113 COCHITI PUEBLO,NM870720113	NONE	PC	GENERAL OPERATING GRANT	75,000
JEFFERSON COUNTY PUBLIC SCHOOLS 1829 DENVER WEST DRIVE BLDG 27 GOLDEN,CO80401	NONE	GOV	RESTRICTED GRANT TO JEFFCO PUBLIC SCHOOLS TO SUPPORT SECONDARY SCHOOL REIMAGINED WORK	60,000
JOY AS RESISTANCE 1445 QUINCE ST DENVER,CO80205	NONE	PC	GENERAL OPERATING GRANT AND RESTRICTED GRANT TO JOYFUL SPACES	135,000
LATINOS FOR EDUCATION 275 PAYSON ROAD BELMONT,MA02478	NONE	PC	GENERAL OPERATING GRANT	75,000
LAWYERS DEFENDING AMERICAN DEMOCRACY PO BOX 1922 FRAMINGHAM,MA01701	NONE	PC	GENERAL OPERATING GRANT	10,000
LEARNERSTUDIO 447 SUTTER STREET STE 405 SAN FRANCISCO,CA94108	NONE	PC	GENERAL OPERATING GRANT	260,000
LIBERATED (CO NATIONAL CENTER FOR CIVIC INNOVATION) 121 AVENUE OF THE AMERICAS 6TH FL NEW YORK,NY10013	NONE	NC	GENERAL OPERATING GRANT	60,000
LIBERATED (CO NATIONAL CENTER FOR CIVIC INNOVATION) 121 AVENUE OF THE AMERICAS 6TH FL NEW YORK,NY10013	NONE	NC	COLLABORATION GRANT - LIBERATED AND VOCAL JUSTICE	15,000
LIBERATED (CO NATIONAL CENTER FOR CIVIC INNOVATION) 121 AVENUE OF THE AMERICAS 6TH FL NEW YORK,NY10013	NONE	NC	COLLABORATION GRANT - LIBERATED AND PROSPECT ACADEMY	15,000
LYRA 1390 LAWRENCE STREET SUITE 400 DENVER,CO80204	NONE	PC	GENERAL OPERATING GRANT	160,000
LYRA 1390 LAWRENCE STREET SUITE 400 DENVER,CO80204	NONE	PC	COLLABORATION GRANT - LYRA AND FRANKLIN STREET STUDIO	30,000
LYRA 1390 LAWRENCE STREET SUITE 400 DENVER,CO80204	NONE	PC	COLLABORATION GRANT - LYRA AND GREEN SCHOOLS NATIONAL NETWORK	30,000
MONTESSORI ON WHEELS (CO HADANOU COLLECTIVE) 3533 N MARION ST DENVER,CO80205	NONE	PC	GENERAL OPERATING GRANT	55,000
MOONSHOT EDVENTURES 3840 N YORK STREET SUITE 145 DENVER,CO80205	NONE	PC	GENERAL OPERATING GRANT	260,000
MOONSHOT EDVENTURES 3840 N YORK STREET SUITE 145 DENVER,CO80205	NONE	PC	COLLABORATION GRANT - MOONSHOT EDVENTURES LOCAL ED SUPPORT GROUP	30,000
MUSLIM YOUTH FOR POSITIVE IMPACT (MYPI) 1880 GOLDEN EAGLE CT BROOMFIELD,CO80020	NONE	PC	GENERAL OPERATING GRANT	60,000
MUSLIM YOUTH FOR POSITIVE IMPACT (MYPI) 1880 GOLDEN EAGLE CT BROOMFIELD,CO80020	NONE	PC	COLLABORATION GRANT - MYPI AND ALG	30,000
MUSLIM YOUTH FOR POSITIVE IMPACT (MYPI) 1880 GOLDEN EAGLE CT BROOMFIELD,CO80020	NONE	PC	EMERGENCY HEALTH AND HUMAN SERVICES PROGRAMMING GRANT	20,000
NEWSCHOOLS 1616 FRANKLIN STREET 2ND FLOOR OAKLAND,CA94612	NONE	PC	GENERAL OPERATING GRANT	760,000
NEWSCHOOLS 1616 FRANKLIN STREET 2ND FLOOR OAKLAND,CA94612	NONE	PC	COLLABORATION GRANT - NEWSCHOOLS AND SCHOOL BOARD PARTNERS	30,000
NPR 1111 N CAPITOL ST NE WASHINGTON,DC20002	NONE	PC	GENERAL OPERATING GRANT	25,000
ONE GENERATION (CO TIDES CENTER) PO BOX 889385 LOS ANGELES,CA90088	NONE	NC	GENERAL OPERATING GRANT	75,000
OPERA COLORADO 4121 S NAVAJO STREET SUITE 100 ENGLEWOOD,CO80110	NONE	PC	GENERAL OPERATING GRANT	10,000
PAHARA INSTITUTE (NOW LONE ROCK FOUNDATION) 440 N BARRANCA AVE 2927 COVINA,CA91723	NONE	PC	GENERAL OPERATING GRANT	310,000
POLY PREP 9126 7TH AVENUE BROOKLYN,NY11228	NONE	PC	RESTRICTED TO FINANCIAL AID PROGRAM	10,000
PROMISE54 1325 G STREET NW SUITE 500 WASHINGTON,DC20005	NONE	PC	GENERAL OPERATING GRANT	30,000
PROSPECT ACADEMY 5592 INDEPENDENCE ST ARVADA,CO80002	NONE	PC	GENERAL OPERATING GRANT	60,000
PROSPECT ACADEMY 5592 INDEPENDENCE ST ARVADA,CO80002	NONE	PC	COLLABORATION GRANT - PROSPECT ACADEMY AND LIBERATED	15,000
PUBLIC EDUCATION & BUSINESS COALITION (PEBC) 3607 MLK JR BLVD DENVER,CO80205	NONE	PC	GENERAL OPERATING GRANT	75,000
READ 718 420 ATLANTIC AVE BROOKLYN,NY11217	NONE	PC	GENERAL OPERATING GRANT	10,000
RECONSTRUCTION 1283 TUNICA STREET BOX 80160 MEMPHIS,TN38108	NONE	NC	RESTRICTED GRANT TO FUND ONYX PROGRAM	50,000
REDLINE 2350 ARAPAHOE STREET DENVER,CO80205	NONE	PC	GENERAL OPERATING GRANT	5,000
RESCHOOL 865 ALBION ST SUITE 250 DENVER,CO80220	NONE	PC	GENERAL OPERATING GRANT	205,000
RESCHOOL 865 ALBION ST SUITE 250 DENVER,CO80220	NONE	PC	COLLABORATION GRANT - RESCHOOL AND CULTIVANDO	30,000
RESCHOOL 865 ALBION ST SUITE 250 DENVER,CO80220	NONE	PC	COLLABORATION GRANT - RESCHOOL AND THE GROVE	30,000
REVX (PROGRAM OF TRANSCEND) 159 LINCOLN AVENUE HASTINGSONHUDSON,NY10706	NONE	PC	RESTRICTED GRANT TO REVX PROGRAMMING AND OPERATIONS	260,000
REVX (PROGRAM OF TRANSCEND) 159 LINCOLN AVENUE HASTINGSONHUDSON,NY10706	NONE	PC	COLLABORATION GRANT REVX AND THE RITHM PROJECT	30,000
RISE COLORADO 1595 ELMIRA STREET SUITE 201 AURORA,CO80010	NONE	PC	GENERAL OPERATING GRANT	310,000
RISE COLORADO 1595 ELMIRA STREET SUITE 201 AURORA,CO80010	NONE	PC	EMERGENCY HEALTH AND HUMAN SERVICES PROGRAMMING GRANT	20,000
ROCKY MOUNTAIN PBS 2101 ARAPAHOE STREET DENVER,CO80205	NONE	PC	GENERAL OPERATING GRANT	2,500
SCD ENRICHMENT PROGRAM 4860 CHAMBERS RD 102 DENVER,CO802395152	NONE	PC	GENERAL OPERATING GRANT	45,000
SCHOOL BOARD PARTNERS PO BOX 8165 NEW ORLEANS,LA70182	NONE	PC	GENERAL OPERATING GRANT	60,000
SCHOOL BOARD PARTNERS PO BOX 8165 NEW ORLEANS,LA70182	NONE	PC	COLLABORATION GRANT - SCHOOL BOARD PARTNERS, SURGE, AND EDLOC	30,000
SPECIAL EDUCATION LEADER FELLOWSHIP (SELF) 4035 WASHINGTON AVE SUITE 206 NEW ORLEANS,LA70125	NONE	PC	GENERAL OPERATING GRANT	60,000
ST ELIZABETH'S SCHOOL 1800 N PONTIAC ST DENVER,CO80220	NONE	PC	GENERAL OPERATING GRANT	160,000
ST ELIZABETH'S SCHOOL 1800 N PONTIAC ST DENVER,CO80220	NONE	PC	COLLABORATION GRANT - ST. ELIZABETH'S SCHOOL AND THE GROVE	30,000
SURGE INSTITUTE 2045 W GRAND AVE STE B PMB 63441 CHICAGO,IL606121577	NONE	PC	GENERAL OPERATING GRANT	260,000
TACT (TEACHING THE AUTISM COMMUNITY TRADES) 2960 SOUTH UMATILLA STREET ENGLEWOOD,CO80110	NONE	PC	GENERAL OPERATING GRANT	60,000
TEACHER POWERED SCHOOLS (A PROGRAM OF EDUCATION EVOLVING) 2429 NICOLLET AVENUE MINNEAPOLIS,MN55404	NONE	PC	RESTRICTED GRANT TO TEACHER POWERED SCHOOLS	60,000
THE EQUITY LAB 4828 ILLINOIS AVE NW WASHINGTON,DC20011	NONE	PC	GENERAL OPERATING GRANT	110,000
THE HIGHLAND PROJECT 71 W 85TH ST APT 1A NEW YORK,NY100244157	NONE	PC	GENERAL OPERATING GRANT	60,000
THE JUSTICE AND HERITAGE ACADEMY (CO COMMUNITY FDTN OF THE SAN LUIS VALLEY) 610 STATE AVE ALAMOSA,CO81101	NONE	NC	GENERAL OPEARTING GRANT AND RESTRICTED GRANT TO EXPANSION PROJECT	75,000
THE JUSTICE AND HERITAGE ACADEMY (CO COMMUNITY FDTN OF THE SAN LUIS VALLEY) 610 STATE AVE ALAMOSA,CO81101	NONE	NC	EMERGENCY HEALTH AND HUMAN SERVICES PROGRAMMING GRANT	20,000
THE JUSTICE AND HERITAGE ACADEMY (PROGRAM OF CCW) 304 RIVER STREET ANTONITO,CO81120	NONE	PC	COLLABORATION GRANT - JHA AND BILINGUAL GENERATION	30,000
THE LEADERSHIP ACADEMY INC 10-27 46TH AVE SUITE 0101 LONG ISLAND CITY,NY11101	NONE	PC	GENERAL OPERATING GRANT	75,000
THE LEADERSHIP ACADEMY INC 10-27 46TH AVE SUITE 0101 LONG ISLAND CITY,NY11101	NONE	PC	COLLABORATION GRANT - THE LEADERSHIP ACADEMY AND TRANSCEND	30,000
THE LEADERSHIP ACADEMY INC 10-27 46TH AVE SUITE 0101 LONG ISLAND CITY,NY11101	NONE	PC	COLLABORATION GRANT - THE LEADERSHIP ACADEMY AND LEARNERSTUDIO	30,000
THE REINVENTION LAB (PROGRAM OF TEACH FOR AMERICA) 25 BROADWAY 12TH FLOOR NEW YORK,NY10004	NONE	PC	GENERAL OPERATING GRANT TO REINVENTION LAB	135,000
THE RITHM PROJECT (CO CAMBIAR EDUCATION) 4653 CARMEL MOUNTAIN ROAD SUITE 308-97 SAN DIEGO,CA91230	NONE	NC	GENERAL OPERATING GRANT	160,000
THE RITHM PROJECT (CO CAMBIAR EDUCATION) 4653 CARMEL MOUNTAIN ROAD SUITE 308-97 SAN DIEGO,CA91230	NONE	NC	COLLABORATION GRANT - THE RITHM PROJECT AND JEFFCO PUBLIC SCHOOLS	30,000
THE TEACHING WELL 360 GRAND AVE 77 OAKLAND,CA94610	NONE	PC	GENERAL OPERATING GRANT	160,000
THE TEACHING WELL 360 GRAND AVE 77 OAKLAND,CA94610	NONE	PC	COLLABORATION GRANT - THE TEACHING WELL AND UPROOTED ACADEMY	30,000
THE TEACHING WELL 361 GRAND AVE 77 OAKLAND,CA94611	NONE	PC	GENERAL OPERATING GRANT	30,000
TRANSCEND 159 LINCOLN AVENUE HASTINGSONHUDSON,NY10706	NONE	PC	GENERAL OPERATING GRANT	310,000
UPROOTED ACADEMY 3680 WILSHIRE BLVD STE P04-1383 LOS ANGELES,CA90010	NONE	PC	GENERAL OPERATING GRANT	60,000
VALLEY SETTLEMENT 1901 GRAND AVE STE 206 GLENWOOD SPRINGS,CO816014113	NONE	PC	GENERAL OPERATING GRANT	310,000
VALLEY SETTLEMENT 1901 GRAND AVE STE 206 GLENWOOD SPRINGS,CO816014113	NONE	PC	COLLABORATION GRANT - VALLEY SETTLEMENT AND JOY AS RESISTANCE	30,000
VALLEY SETTLEMENT 1901 GRAND AVE STE 206 GLENWOOD SPRINGS,CO816014113	NONE	PC	EMERGENCY HEALTH AND HUMAN SERVICES PROGRAMMING GRANT	20,000
VIVE WELLNESS PO BOX 11003 DENVER,CO80211	NONE	PC	GENERAL OPERATING GRANT	50,000
VIVE WELLNESS PO BOX 11003 DENVER,CO80211	NONE	PC	EMERGENCY HEALTH AND HUMAN SERVICES PROGRAMMING GRANT	20,000
VOCAL JUSTICE 601 WILLIAM STREET 134 OAKLAND,CO94612	NONE	PC	GENERAL OPERATING GRANT	60,000
VOCAL JUSTICE 601 WILLIAM STREET 134 OAKLAND,CO94612	NONE	PC	COLLABORATION GRANT - VOCAL JUSTICE AND LEARNERSTUDIO	30,000
VOCAL JUSTICE 601 WILLIAM STREET 134 OAKLAND,CO94612	NONE	PC	COLLABORATION GRANT - VOCAL JUSTICE AND LIBERATED	15,000
WORLD CENTRAL KITCHEN PO BOX 96538 WASHINGTON,DC20090	NONE	PC	GENERAL OPERATING GRANT	20,000
YOUTH EMPOWERMENT BROADCASTING ORGANIZATION (YEBO) 1031 33RD ST DENVER,CO80205	NONE	PC	GENERAL OPERATING GRANT	205,000
YOUTH EMPOWERMENT BROADCASTING ORGANIZATION (YEBO) 1031 33RD ST DENVER,CO80205	NONE	PC	COLLABORATION GRANT - YEBO AND BGCSLV	23,200
YOUTH EMPOWERMENT BROADCASTING ORGANIZATION (YEBO) 1031 33RD ST DENVER,CO80205	NONE	PC	COLLABORATION GRANT - YEBO AND VOCAL JUSTICE	21,500
Total ................................. 3a				10,751,200


Name of organization MARGULF FOUNDATION	Employer identification number 13-2927245
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	GT TRUST C/O TUTHILL HUGHES LLP 55 MADISON S DENVER, CO80206	$ 414,951	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)


Name of organization MARGULF FOUNDATION	Employer identification number 13-2927245
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)

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	78,950	0	0	78,950

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13-2927245

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	Results of Verification
AFRICAN LEADERSHIP GROUP (CO CNDC)	10700 E EVANS AVENUE AURORA,CO80014	2024-11-25	25,000	ALG HELPS THE AFRICAN DIASPORA INTEGRATE AND PROSPER BY CONNECTING CULTURES, DEVELOPING STRONG COMMUNITY LEADERS, AND ADVOCATING FOR ECONOMIC, SOCIAL AND EDUCATIONAL IMPACT.	25,000	NONE	2/13/2026	FOUNDATION STAFF REVIEWED THE GRANTEES REPORT BUT DID NOT CONDUCT ANY INDEPENDENT VERIFICATION OF THE GRANTEES REPORTS AS THERE HAS NOT BEEN ANY REASON TO DOUBT THEIR ACCURACY OR RELIABILITY. TREAS. REG. SECTION 53.4945-5(C)(1).
AFRICAN LEADERSHIP GROUP (CO CNDC)	10700 E EVANS AVENUE AURORA,CO80014	2024-11-06	10,000	ALG HELPS THE AFRICAN DIASPORA INTEGRATE AND PROSPER BY CONNECTING CULTURES, DEVELOPING STRONG COMMUNITY LEADERS, AND ADVOCATING FOR ECONOMIC, SOCIAL AND EDUCATIONAL IMPACT.	10,000	NONE	7/29/2025	FOUNDATION STAFF REVIEWED THE GRANTEES REPORT BUT DID NOT CONDUCT ANY INDEPENDENT VERIFICATION OF THE GRANTEES REPORTS AS THERE HAS NOT BEEN ANY REASON TO DOUBT THEIR ACCURACY OR RELIABILITY. TREAS. REG. SECTION 53.4945-5(C)(1).
AFRICAN LEADERSHIP GROUP (CO CNDC)	10700 E EVANS AVENUE AURORA,CO80014	2025-04-04	60,000	ALG HELPS THE AFRICAN DIASPORA INTEGRATE AND PROSPER BY CONNECTING CULTURES, DEVELOPING STRONG COMMUNITY LEADERS, AND ADVOCATING FOR ECONOMIC, SOCIAL AND EDUCATIONAL IMPACT.	60,000	NONE	1/27/2026, 2/13/2026	FOUNDATION STAFF REVIEWED THE GRANTEES REPORT BUT DID NOT CONDUCT ANY INDEPENDENT VERIFICATION OF THE GRANTEES REPORTS AS THERE HAS NOT BEEN ANY REASON TO DOUBT THEIR ACCURACY OR RELIABILITY. TREAS. REG. SECTION 53.4945-5(C)(1).
AFRICAN LEADERSHIP GROUP (CO CNDC)	10700 E EVANS AVENUE AURORA,CO80014	2025-10-22	20,000	ALG HELPS THE AFRICAN DIASPORA INTEGRATE AND PROSPER BY CONNECTING CULTURES, DEVELOPING STRONG COMMUNITY LEADERS, AND ADVOCATING FOR ECONOMIC, SOCIAL AND EDUCATIONAL IMPACT.	12,090	NONE	1/29/2026	FOUNDATION STAFF REVIEWED THE GRANTEES REPORT BUT DID NOT CONDUCT ANY INDEPENDENT VERIFICATION OF THE GRANTEES REPORTS AS THERE HAS NOT BEEN ANY REASON TO DOUBT THEIR ACCURACY OR RELIABILITY. TREAS. REG. SECTION 53.4945-5(C)(1).
BILINGUAL GENERATION LLC	1143 FRUITVALE DRIVE HOUSTON,TX77038	2024-02-09	60,000	BILINGUAL GENERATION IS WORKING TO EMPOWER FAMILIES AND EDUCATORS WITH THE TOOLS TO HELP KIDS WITH BILINGUALISM IN THEIR BONES MAINTAIN A MEANINGFUL CONNECTION WITH THEIR HERITAGE LANGUAGES. WE DEVELOP CULTURALLY-AFFIRMING PROGRAMS, CURRICULA, AND RESOURCES THAT CELEBRATE MULTILINGUALISM.	60,000	NONE	7/31/2024, 4/14/2025	FOUNDATION STAFF REVIEWED THE GRANTEES REPORT BUT DID NOT CONDUCT ANY INDEPENDENT VERIFICATION OF THE GRANTEES REPORTS AS THERE HAS NOT BEEN ANY REASON TO DOUBT THEIR ACCURACY OR RELIABILITY. TREAS. REG. SECTION 53.4945-5(C)(1).
BILINGUAL GENERATION LLC	1143 FRUITVALE DRIVE HOUSTON,TX77038	2024-06-07	15,000	BILINGUAL GENERATION IS WORKING TO EMPOWER FAMILIES AND EDUCATORS WITH THE TOOLS TO HELP KIDS WITH BILINGUALISM IN THEIR BONES MAINTAIN A MEANINGFUL CONNECTION WITH THEIR HERITAGE LANGUAGES. WE DEVELOP CULTURALLY-AFFIRMING PROGRAMS, CURRICULA, AND RESOURCES THAT CELEBRATE MULTILINGUALISM.	15,000	NONE	2/6/2025, 11/14/2025	FOUNDATION STAFF REVIEWED THE GRANTEES REPORT BUT DID NOT CONDUCT ANY INDEPENDENT VERIFICATION OF THE GRANTEES REPORTS AS THERE HAS NOT BEEN ANY REASON TO DOUBT THEIR ACCURACY OR RELIABILITY. TREAS. REG. SECTION 53.4945-5(C)(1).
BILINGUAL GENERATION LLC	1143 FRUITVALE DRIVE HOUSTON,TX77038	2024-06-07	21,500	BILINGUAL GENERATION IS WORKING TO EMPOWER FAMILIES AND EDUCATORS WITH THE TOOLS TO HELP KIDS WITH BILINGUALISM IN THEIR BONES MAINTAIN A MEANINGFUL CONNECTION WITH THEIR HERITAGE LANGUAGES. WE DEVELOP CULTURALLY-AFFIRMING PROGRAMS, CURRICULA, AND RESOURCES THAT CELEBRATE MULTILINGUALISM.	21,500	NONE	2/6/2025, 5/31/2025	FOUNDATION STAFF REVIEWED THE GRANTEES REPORT BUT DID NOT CONDUCT ANY INDEPENDENT VERIFICATION OF THE GRANTEES REPORTS AS THERE HAS NOT BEEN ANY REASON TO DOUBT THEIR ACCURACY OR RELIABILITY. TREAS. REG. SECTION 53.4945-5(C)(1).
BILINGUAL GENERATION LLC	1143 FRUITVALE DRIVE HOUSTON,TX77038	2025-04-11	75,000	BILINGUAL GENERATION IS WORKING TO EMPOWER FAMILIES AND EDUCATORS WITH THE TOOLS TO HELP KIDS WITH BILINGUALISM IN THEIR BONES MAINTAIN A MEANINGFUL CONNECTION WITH THEIR HERITAGE LANGUAGES. WE DEVELOP CULTURALLY-AFFIRMING PROGRAMS, CURRICULA, AND RESOURCES THAT CELEBRATE MULTILINGUALISM.	75,000	NONE	12/4/2025	FOUNDATION STAFF REVIEWED THE GRANTEES REPORT BUT DID NOT CONDUCT ANY INDEPENDENT VERIFICATION OF THE GRANTEES REPORTS AS THERE HAS NOT BEEN ANY REASON TO DOUBT THEIR ACCURACY OR RELIABILITY. TREAS. REG. SECTION 53.4945-5(C)(1).
FORMATION VENTURES	4653 CARMEL MOUNTAIN RD STE 308-97 SAN DIEGO,CA92130	2024-06-24	30,000	FORMATION VENTURES SUPPORTS STUDENTS TO BECOME SUCCESSFUL ENTREPRENEURS, WHEREVER THEY ARE ON THEIR JOURNEY. WE ARE LEARNERS, MENTORS, STAFF, AND PARTNERS, ALL OF WHOM ARE FOCUSED ON BUILDING THE CAPACITY AND CONFIDENCE OF EMERGING BLACK ENTREPRENEURS.	30,000	NONE	1/31/2025, 5/29/2025	FOUNDATION STAFF REVIEWED THE GRANTEES REPORT BUT DID NOT CONDUCT ANY INDEPENDENT VERIFICATION OF THE GRANTEES REPORTS AS THERE HAS NOT BEEN ANY REASON TO DOUBT THEIR ACCURACY OR RELIABILITY. TREAS. REG. SECTION 53.4945-5(C)(1).
FORMATION VENTURES	4653 CARMEL MOUNTAIN RD STE 308-97 SAN DIEGO,CA92130	2024-09-30	60,000	FORMATION VENTURES SUPPORTS STUDENTS TO BECOME SUCCESSFUL ENTREPRENEURS, WHEREVER THEY ARE ON THEIR JOURNEY. WE ARE LEARNERS, MENTORS, STAFF, AND PARTNERS, ALL OF WHOM ARE FOCUSED ON BUILDING THE CAPACITY AND CONFIDENCE OF EMERGING BLACK ENTREPRENEURS.	60,000	NONE	1/31/2025, 8/25/2025	FOUNDATION STAFF REVIEWED THE GRANTEES REPORT BUT DID NOT CONDUCT ANY INDEPENDENT VERIFICATION OF THE GRANTEES REPORTS AS THERE HAS NOT BEEN ANY REASON TO DOUBT THEIR ACCURACY OR RELIABILITY. TREAS. REG. SECTION 53.4945-5(C)(1).
FORMATION VENTURES	4653 CARMEL MOUNTAIN RD STE 308-97 SAN DIEGO,CA92130	2025-09-11	60,000	FORMATION VENTURES SUPPORTS STUDENTS TO BECOME SUCCESSFUL ENTREPRENEURS, WHEREVER THEY ARE ON THEIR JOURNEY. WE ARE LEARNERS, MENTORS, STAFF, AND PARTNERS, ALL OF WHOM ARE FOCUSED ON BUILDING THE CAPACITY AND CONFIDENCE OF EMERGING BLACK ENTREPRENEURS.	40,854	NONE	12/12/2025	FOUNDATION STAFF REVIEWED THE GRANTEES REPORT BUT DID NOT CONDUCT ANY INDEPENDENT VERIFICATION OF THE GRANTEES REPORTS AS THERE HAS NOT BEEN ANY REASON TO DOUBT THEIR ACCURACY OR RELIABILITY. TREAS. REG. SECTION 53.4945-5(C)(1).
FRANKLIN STREET STUDIO (CO CAMBIAR EDUCATION)	1613 E 25TH AVENUE DENVER,CO80205	2024-10-11	70,000	FRANKLIN STREET HELPS EDUCATORS REIMAGINE WHAT SCHOOLS COULD BE: PLACES OF DISCOVERY, JOY, AND GROWTH NOT JUST FOR THE KIDS BUT FOR THE ADULTS, TOO.	70,000	NONE	9/25/2025	FOUNDATION STAFF REVIEWED THE GRANTEES REPORT BUT DID NOT CONDUCT ANY INDEPENDENT VERIFICATION OF THE GRANTEES REPORTS AS THERE HAS NOT BEEN ANY REASON TO DOUBT THEIR ACCURACY OR RELIABILITY. TREAS. REG. SECTION 53.4945-5(C)(1).
FRANKLIN STREET STUDIO (CO CAMBIAR EDUCATION)	1613 E 25TH AVENUE DENVER,CO80205	2024-06-07	15,000	FRANKLIN STREET HELPS EDUCATORS REIMAGINE WHAT SCHOOLS COULD BE: PLACES OF DISCOVERY, JOY, AND GROWTHNOT JUST FOR THE KIDS BUT FOR THE ADULTS, TOO.	15,000	NONE	2/7/2025, 11/14/2025	FOUNDATION STAFF REVIEWED THE GRANTEES REPORT BUT DID NOT CONDUCT ANY INDEPENDENT VERIFICATION OF THE GRANTEES REPORTS AS THERE HAS NOT BEEN ANY REASON TO DOUBT THEIR ACCURACY OR RELIABILITY. TREAS. REG. SECTION 53.4945-5(C)(1).
LIBERATED (CO NATIONAL EQUITY PROJECT)	1720 BROADWAY STE 400 OAKLAND,CA94612	2023-05-15	60,000	LIBERATED IS A SOCIAL AND EMOTIONAL LEARNING APPROACH TO RACIAL JUSTICE AND HEALING. A MOVEMENT. A COLLECTIVE. A PATH TOWARDS LIBERATION.	60,000	NONE	1/31/2024, 2/6/2024, 1/28/2025	FOUNDATION STAFF REVIEWED THE GRANTEES REPORT BUT DID NOT CONDUCT ANY INDEPENDENT VERIFICATION OF THE GRANTEES REPORTS AS THERE HAS NOT BEEN ANY REASON TO DOUBT THEIR ACCURACY OR RELIABILITY. TREAS. REG. SECTION 53.4945-5(C)(1).
LIBERATED (CO NATIONAL EQUITY PROJECT)	1720 BROADWAY STE 400 OAKLAND,CA94612	2024-02-29	60,000	LIBERATED IS A SOCIAL AND EMOTIONAL LEARNING APPROACH TO RACIAL JUSTICE AND HEALING. A MOVEMENT. A COLLECTIVE. A PATH TOWARDS LIBERATION.	60,000	NONE	10/11/2024, 2/4/2025	FOUNDATION STAFF REVIEWED THE GRANTEES REPORT BUT DID NOT CONDUCT ANY INDEPENDENT VERIFICATION OF THE GRANTEES REPORTS AS THERE HAS NOT BEEN ANY REASON TO DOUBT THEIR ACCURACY OR RELIABILITY. TREAS. REG. SECTION 53.4945-5(C)(1).
LIBERATED (CO NATIONAL EQUITY PROJECT)	1720 BROADWAY STE 400 OAKLAND,CA94612	2025-03-17	60,000	LIBERATED IS A SOCIAL AND EMOTIONAL LEARNING APPROACH TO RACIAL JUSTICE AND HEALING. A MOVEMENT. A COLLECTIVE. A PATH TOWARDS LIBERATION.	38,041	NONE	10/6/2025	FOUNDATION STAFF REVIEWED THE GRANTEES REPORT BUT DID NOT CONDUCT ANY INDEPENDENT VERIFICATION OF THE GRANTEES REPORTS AS THERE HAS NOT BEEN ANY REASON TO DOUBT THEIR ACCURACY OR RELIABILITY. TREAS. REG. SECTION 53.4945-5(C)(1).
LIBERATED (CO NATIONAL EQUITY PROJECT)	1720 BROADWAY STE 400 OAKLAND,CA94612	2025-04-30	15,000	LIBERATED IS A SOCIAL AND EMOTIONAL LEARNING APPROACH TO RACIAL JUSTICE AND HEALING. A MOVEMENT. A COLLECTIVE. A PATH TOWARDS LIBERATION.	5,000	NONE	12/10/2025	FOUNDATION STAFF REVIEWED THE GRANTEES REPORT BUT DID NOT CONDUCT ANY INDEPENDENT VERIFICATION OF THE GRANTEES REPORTS AS THERE HAS NOT BEEN ANY REASON TO DOUBT THEIR ACCURACY OR RELIABILITY. TREAS. REG. SECTION 53.4945-5(C)(1).
LIBERATED (CO NATIONAL EQUITY PROJECT)	1720 BROADWAY STE 400 OAKLAND,CA94612	2025-04-24	15,000	LIBERATED IS A SOCIAL AND EMOTIONAL LEARNING APPROACH TO RACIAL JUSTICE AND HEALING. A MOVEMENT. A COLLECTIVE. A PATH TOWARDS LIBERATION.	5,134	NONE	12/10/2025	FOUNDATION STAFF REVIEWED THE GRANTEES REPORT BUT DID NOT CONDUCT ANY INDEPENDENT VERIFICATION OF THE GRANTEES REPORTS AS THERE HAS NOT BEEN ANY REASON TO DOUBT THEIR ACCURACY OR RELIABILITY. TREAS. REG. SECTION 53.4945-5(C)(1).
MONTESSORI ON WHEELS	6300 E HAMPDEN AVE 2419 DENVER,CO80222	2025-06-03	55,000	MONTESSORI ON WHEELS PARTNERS WITH FAMILIES AND COMMUNITIES TO BRING CULTURALLY AFFIRMING MONTESSORI EXPERIENCES INTO NEIGHBORHOODS, EMPOWERING PARENTS AND CHILDREN TO LEARN, PLAY, AND DREAM TOGETHER WHILE HONORING AND CARRYING FORWARD THEIR STORIES.	55,000	NONE	1/16/2026	FOUNDATION STAFF REVIEWED THE GRANTEES REPORT BUT DID NOT CONDUCT ANY INDEPENDENT VERIFICATION OF THE GRANTEES REPORTS AS THERE HAS NOT BEEN ANY REASON TO DOUBT THEIR ACCURACY OR RELIABILITY. TREAS. REG. SECTION 53.4945-5(C)(1).
ONE GENERATION (CO TIDES CENTER)	PO BOX 889385 LOS ANGELES,CA90088	2024-07-08	1,300	ONE GENERATION FOCUSES ON IDENTIFYING PROMISING, EARLY-STAGE INNOVATIONS THAT BUILD SUSTAINABLE SOLUTIONS FOR INDIGENOUS COMMUNITIES, DEEPENING NATIONAL EFFORTS IN INDIGENOUS EDUCATION, AND SUPPORTING INDIGENOUS LEADERS POISED TO IMPACT SYSTEMS CHANGE.	1,300	NONE	1/7/2025	FOUNDATION STAFF REVIEWED THE GRANTEES REPORT BUT DID NOT CONDUCT ANY INDEPENDENT VERIFICATION OF THE GRANTEES REPORTS AS THERE HAS NOT BEEN ANY REASON TO DOUBT THEIR ACCURACY OR RELIABILITY. TREAS. REG. SECTION 53.4945-5(C)(1).
ONE GENERATION (CO TIDES CENTER)	PO BOX 889385 LOS ANGELES,CA90088	2024-10-16	75,000	ONE GENERATION FOCUSES ON IDENTIFYING PROMISING, EARLY-STAGE INNOVATIONS THAT BUILD SUSTAINABLE SOLUTIONS FOR INDIGENOUS COMMUNITIES, DEEPENING NATIONAL EFFORTS IN INDIGENOUS EDUCATION, AND SUPPORTING INDIGENOUS LEADERS POISED TO IMPACT SYSTEMS CHANGE.	61,870	NONE	9/8/2025, 12/2/2025	FOUNDATION STAFF REVIEWED THE GRANTEES REPORT BUT DID NOT CONDUCT ANY INDEPENDENT VERIFICATION OF THE GRANTEES REPORTS AS THERE HAS NOT BEEN ANY REASON TO DOUBT THEIR ACCURACY OR RELIABILITY. TREAS. REG. SECTION 53.4945-5(C)(1).
ONE GENERATION (CO TIDES CENTER)	PO BOX 889385 LOS ANGELES,CA90088	2024-11-25	25,000	ONE GENERATION FOCUSES ON IDENTIFYING PROMISING, EARLY-STAGE INNOVATIONS THAT BUILD SUSTAINABLE SOLUTIONS FOR INDIGENOUS COMMUNITIES, DEEPENING NATIONAL EFFORTS IN INDIGENOUS EDUCATION, AND SUPPORTING INDIGENOUS LEADERS POISED TO IMPACT SYSTEMS CHANGE.	0	NONE	12/2/2025	FOUNDATION STAFF REVIEWED THE GRANTEES REPORT BUT DID NOT CONDUCT ANY INDEPENDENT VERIFICATION OF THE GRANTEES REPORTS AS THERE HAS NOT BEEN ANY REASON TO DOUBT THEIR ACCURACY OR RELIABILITY. TREAS. REG. SECTION 53.4945-5(C)(1).
ONE GENERATION (CO TIDES CENTER)	PO BOX 889385 LOS ANGELES,CA90088	2025-09-19	75,000	ONE GENERATION FOCUSES ON IDENTIFYING PROMISING, EARLY-STAGE INNOVATIONS THAT BUILD SUSTAINABLE SOLUTIONS FOR INDIGENOUS COMMUNITIES, DEEPENING NATIONAL EFFORTS IN INDIGENOUS EDUCATION, AND SUPPORTING INDIGENOUS LEADERS POISED TO IMPACT SYSTEMS CHANGE.	10,000	NONE	12/2/2025	FOUNDATION STAFF REVIEWED THE GRANTEES REPORT BUT DID NOT CONDUCT ANY INDEPENDENT VERIFICATION OF THE GRANTEES REPORTS AS THERE HAS NOT BEEN ANY REASON TO DOUBT THEIR ACCURACY OR RELIABILITY. TREAS. REG. SECTION 53.4945-5(C)(1).
RECONSTRUCTION US	1283 TUNICA STREET BOX 80160 MEMPHIS,TN38108	2023-11-22	50,000	RECONSTRUCTION IS DRIVEN BY AN AMBITIOUS MISSION: DEVELOPING AND TEACHING K-12 SUPPLEMENTAL CURRICULUM THAT SITUATES BLACK PEOPLE, BLACK CULTURE, AND BLACK CONTRIBUTIONS TO AMERICAN AND WORLD HISTORY IN AN AUTHENTIC, IDENTITY-AFFIRMING WAY, SO THAT STUDENTS OF ALL BACKGROUNDS BENEFIT FROM A MORE COMPLETE UNDERSTANDING OF OUR SHARED HISTORY AND SOCIETY.	50,000	NONE	9/6/2024, 2/7/2025, 5/20/2025	FOUNDATION STAFF REVIEWED THE GRANTEES REPORT BUT DID NOT CONDUCT ANY INDEPENDENT VERIFICATION OF THE GRANTEES REPORTS AS THERE HAS NOT BEEN ANY REASON TO DOUBT THEIR ACCURACY OR RELIABILITY. TREAS. REG. SECTION 53.4945-5(C)(1).
RECONSTRUCTION US	1283 TUNICA STREET BOX 80160 MEMPHIS,TN38108	2025-07-03	50,000	RECONSTRUCTION IS DRIVEN BY AN AMBITIOUS MISSION: DEVELOPING AND TEACHING K-12 SUPPLEMENTAL CURRICULUM THAT SITUATES BLACK PEOPLE, BLACK CULTURE, AND BLACK CONTRIBUTIONS TO AMERICAN AND WORLD HISTORY IN AN AUTHENTIC, IDENTITY-AFFIRMING WAY, SO THAT STUDENTS OF ALL BACKGROUNDS BENEFIT FROM A MORE COMPLETE UNDERSTANDING OF OUR SHARED HISTORY AND SOCIETY.	50,000	NONE	2/2/2026	FOUNDATION STAFF REVIEWED THE GRANTEES REPORT BUT DID NOT CONDUCT ANY INDEPENDENT VERIFICATION OF THE GRANTEES REPORTS AS THERE HAS NOT BEEN ANY REASON TO DOUBT THEIR ACCURACY OR RELIABILITY. TREAS. REG. SECTION 53.4945-5(C)(1).
THE GROVE (CO CNDC)	2590 WELTON STREET DENVER,CO80205	2024-07-29	55,000	THE GROVE IS AN INSPIRING COMMUNITY SPACE WHERE FOLKS UNLEASH THEIR CREATIVE GENIUS. THE PRIMARY GOAL IS DEVELOPING A SUSTAINABLE ECONOMIC MODEL. WE DO THIS BY OPERATING A VENUE RENTAL SPACE STAFFED BY PAID APPRENTICESHIPS FOR YOUNG ADULTS. THE SECONDARY GOAL IS TO CULTIVATE A COMMUNITY OF INTERGENERATIONAL LEARNERS THROUGH EDUCATION OPPORTUNITIES GROUNDED IN ART, MUSIC, AND WELLNESS.	55,000	NONE	1/20/2025	FOUNDATION STAFF REVIEWED THE GRANTEES REPORT BUT DID NOT CONDUCT ANY INDEPENDENT VERIFICATION OF THE GRANTEES REPORTS AS THERE HAS NOT BEEN ANY REASON TO DOUBT THEIR ACCURACY OR RELIABILITY. TREAS. REG. SECTION 53.4945-5(C)(1).
THE GROVE (CO CNDC)	2590 WELTON STREET DENVER,CO80205	2024-08-23	100	THE GROVE IS AN INSPIRING COMMUNITY SPACE WHERE FOLKS UNLEASH THEIR CREATIVE GENIUS. THE PRIMARY GOAL IS DEVELOPING A SUSTAINABLE ECONOMIC MODEL. WE DO THIS BY OPERATING A VENUE RENTAL SPACE STAFFED BY PAID APPRENTICESHIPS FOR YOUNG ADULTS. THE SECONDARY GOAL IS TO CULTIVATE A COMMUNITY OF INTERGENERATIONAL LEARNERS THROUGH EDUCATION OPPORTUNITIES GROUNDED IN ART, MUSIC, AND WELLNESS.	100	NONE	1/6/2025	FOUNDATION STAFF REVIEWED THE GRANTEES REPORT BUT DID NOT CONDUCT ANY INDEPENDENT VERIFICATION OF THE GRANTEES REPORTS AS THERE HAS NOT BEEN ANY REASON TO DOUBT THEIR ACCURACY OR RELIABILITY. TREAS. REG. SECTION 53.4945-5(C)(1).
THE JUSTICE AND HERITAGE ACADEMY	305 W 8TH AVENUE ANTONITO,CO81120	2025-11-24	75,000	THE JUSTICE & HERITAGE ACADEMY IS A MULTI-AGED COMMUNITY OF LEARNERS (ELEMENTARY THROUGH HIGH SCHOOL GRADES) CO TAUGHT BY A COOPERATIVE OF COMMITTED EDUCATORS AND PARENTS. OUR VISION IS TO DEVELOP WELL ROUNDED HUMAN BEINGS IN ACADEMICS, ARTS AND JUSTICE INITIATIVES WITHIN OUR COMMUNITY AND WORLD IN ORDER TO DEVELOP PRODUCTIVE CITIZENS AND HUMANITARIANS WHO UTILIZE THEIR KNOWLEDGE AND ARTISTIC SKILLS TO CARE FOR OUR COMMUNITY AND WORLD.	0	NONE	REQUESTED	FOUNDATION STAFF REVIEWED THE GRANTEES REPORT BUT DID NOT CONDUCT ANY INDEPENDENT VERIFICATION OF THE GRANTEES REPORTS AS THERE HAS NOT BEEN ANY REASON TO DOUBT THEIR ACCURACY OR RELIABILITY. TREAS. REG. SECTION 53.4945-5(C)(1).
THE JUSTICE AND HERITAGE ACADEMY	305 W 8TH AVENUE ANTONITO,CO81120	2025-11-24	20,000	THE JUSTICE & HERITAGE ACADEMY IS A MULTI-AGED COMMUNITY OF LEARNERS (ELEMENTARY THROUGH HIGH SCHOOL GRADES) CO TAUGHT BY A COOPERATIVE OF COMMITTED EDUCATORS AND PARENTS. OUR VISION IS TO DEVELOP WELL ROUNDED HUMAN BEINGS IN ACADEMICS, ARTS AND JUSTICE INITIATIVES WITHIN OUR COMMUNITY AND WORLD IN ORDER TO DEVELOP PRODUCTIVE CITIZENS AND HUMANITARIANS WHO UTILIZE THEIR KNOWLEDGE AND ARTISTIC SKILLS TO CARE FOR OUR COMMUNITY AND WORLD.	0	NONE	REQUESTED	FOUNDATION STAFF REVIEWED THE GRANTEES REPORT BUT DID NOT CONDUCT ANY INDEPENDENT VERIFICATION OF THE GRANTEES REPORTS AS THERE HAS NOT BEEN ANY REASON TO DOUBT THEIR ACCURACY OR RELIABILITY. TREAS. REG. SECTION 53.4945-5(C)(1).
THE RITHM PROJECT	4653 CARMEL MOUNTAIN ROAD SUITE 308-97 SAN DIEGO,CA91230	2024-06-24	30,000	THE RITHM PROJECT AIMS TO STOKE CONVERSATION, INSIGHT, AND ACTION TO RETHREAD A SENSE OF HUMAN CONNECTION. AGAINST THE BACKDROP OF A LONELINESS EPIDEMIC AND UNPRECEDENTED TECHNOLOGICAL REVOLUTION, WE ARE AT A MOMENT OF GREAT PERIL AND PROMISE. THE RITHM PROJECT HOPES TO ENLIST LEADERS ACROSS SECTORS IN BUILDING A FUTURE WHERE THE NEXT GENERATION FEELS CONNECTED, WHOLE, AND FULLY HUMAN.	30,000	NONE	2/6/2025, 9/16/2025	FOUNDATION STAFF REVIEWED THE GRANTEES REPORT BUT DID NOT CONDUCT ANY INDEPENDENT VERIFICATION OF THE GRANTEES REPORTS AS THERE HAS NOT BEEN ANY REASON TO DOUBT THEIR ACCURACY OR RELIABILITY. TREAS. REG. SECTION 53.4945-5(C)(1).
THE RITHM PROJECT	4653 CARMEL MOUNTAIN ROAD SUITE 308-97 SAN DIEGO,CA91230	2024-06-24	15,000	THE RITHM PROJECT AIMS TO STOKE CONVERSATION, INSIGHT, AND ACTION TO RETHREAD A SENSE OF HUMAN CONNECTION. AGAINST THE BACKDROP OF A LONELINESS EPIDEMIC AND UNPRECEDENTED TECHNOLOGICAL REVOLUTION, WE ARE AT A MOMENT OF GREAT PERIL AND PROMISE. THE RITHM PROJECT HOPES TO ENLIST LEADERS ACROSS SECTORS IN BUILDING A FUTURE WHERE THE NEXT GENERATION FEELS CONNECTED, WHOLE, AND FULLY HUMAN.	15,000	NONE	2/6/2025	FOUNDATION STAFF REVIEWED THE GRANTEES REPORT BUT DID NOT CONDUCT ANY INDEPENDENT VERIFICATION OF THE GRANTEES REPORTS AS THERE HAS NOT BEEN ANY REASON TO DOUBT THEIR ACCURACY OR RELIABILITY. TREAS. REG. SECTION 53.4945-5(C)(1).
THE RITHM PROJECT	4653 CARMEL MOUNTAIN ROAD SUITE 308-97 SAN DIEGO,CA91230	2024-09-30	75,000	THE RITHM PROJECT AIMS TO STOKE CONVERSATION, INSIGHT, AND ACTION TO RETHREAD A SENSE OF HUMAN CONNECTION. AGAINST THE BACKDROP OF A LONELINESS EPIDEMIC AND UNPRECEDENTED TECHNOLOGICAL REVOLUTION, WE ARE AT A MOMENT OF GREAT PERIL AND PROMISE. THE RITHM PROJECT HOPES TO ENLIST LEADERS ACROSS SECTORS IN BUILDING A FUTURE WHERE THE NEXT GENERATION FEELS CONNECTED, WHOLE, AND FULLY HUMAN.	75,000	NONE	2/6/2025, 5/6/2025	FOUNDATION STAFF REVIEWED THE GRANTEES REPORT BUT DID NOT CONDUCT ANY INDEPENDENT VERIFICATION OF THE GRANTEES REPORTS AS THERE HAS NOT BEEN ANY REASON TO DOUBT THEIR ACCURACY OR RELIABILITY. TREAS. REG. SECTION 53.4945-5(C)(1).
THE RITHM PROJECT	4653 CARMEL MOUNTAIN ROAD SUITE 308-97 SAN DIEGO,CA91230	2025-07-03	160,000	THE RITHM PROJECT AIMS TO STOKE CONVERSATION, INSIGHT, AND ACTION TO RETHREAD A SENSE OF HUMAN CONNECTION. AGAINST THE BACKDROP OF A LONELINESS EPIDEMIC AND UNPRECEDENTED TECHNOLOGICAL REVOLUTION, WE ARE AT A MOMENT OF GREAT PERIL AND PROMISE. THE RITHM PROJECT HOPES TO ENLIST LEADERS ACROSS SECTORS IN BUILDING A FUTURE WHERE THE NEXT GENERATION FEELS CONNECTED, WHOLE, AND FULLY HUMAN.	34,693	NONE	12/12/2025	FOUNDATION STAFF REVIEWED THE GRANTEES REPORT BUT DID NOT CONDUCT ANY INDEPENDENT VERIFICATION OF THE GRANTEES REPORTS AS THERE HAS NOT BEEN ANY REASON TO DOUBT THEIR ACCURACY OR RELIABILITY. TREAS. REG. SECTION 53.4945-5(C)(1).
THE RITHM PROJECT	4653 CARMEL MOUNTAIN ROAD SUITE 308-97 SAN DIEGO,CA91230	2025-05-16	30,000	THE RITHM PROJECT AIMS TO STOKE CONVERSATION, INSIGHT, AND ACTION TO RETHREAD A SENSE OF HUMAN CONNECTION. AGAINST THE BACKDROP OF A LONELINESS EPIDEMIC AND UNPRECEDENTED TECHNOLOGICAL REVOLUTION, WE ARE AT A MOMENT OF GREAT PERIL AND PROMISE. THE RITHM PROJECT HOPES TO ENLIST LEADERS ACROSS SECTORS IN BUILDING A FUTURE WHERE THE NEXT GENERATION FEELS CONNECTED, WHOLE, AND FULLY HUMAN.	30,000	NONE	2/2/2026	FOUNDATION STAFF REVIEWED THE GRANTEES REPORT BUT DID NOT CONDUCT ANY INDEPENDENT VERIFICATION OF THE GRANTEES REPORTS AS THERE HAS NOT BEEN ANY REASON TO DOUBT THEIR ACCURACY OR RELIABILITY. TREAS. REG. SECTION 53.4945-5(C)(1).

(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
1 a	SEMPER VIC PARTNERS	D
b	WELLINGTON TRUST COMPANY	P
c	ANCHORAGE ILLIQUID OPPORTUNITIES OFFSHORE VI LP	P
d	FARALLON CAPITAL INSTITUTIONAL PARTNERS, LP	P
e	DAVIDSON KEMPNER	P
	GQG PARTNERS	D
	INDUS SELECT	D
	JUNTO CAPITAL	D
	CASDIN PRIVATE GROWTH EQUITY FUND	P
	CASDIN PRIVATE GROWTH EQUITY FUND II	P
	RENAISSANCE INST EQUITIES FUND LLC	P
	OWL VENTURES III, LP	P
	OWL VENTURES IV, LP	P
	ANCHORAGE CREDIT OPPORTUNITIES OFFSHORE FUND VIII LP	P
	PUBLICLY TRADED SECURITIES
	MAINSAIL PARTNERS V	P
	MAINSAIL PARTNERS VI	P
	CETOM ASSOCIATES LP	D

(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				48,448
b				27,631
c				51,590
d				587,966
e				163,619
				1,149,079
				389,684
				741,215
				-142,523
				97,193
				287,876
				-73,372
				-53,027
				10,495
				2,928,440
				802,750
				6
				2,801

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			48,448
b			27,631
c			51,590
d			587,966
e			163,619
			1,149,079
			389,684
			741,215
			-142,523
			97,193
			287,876
			-73,372
			-53,027
			10,495
			2,928,440
			802,750
			6
			2,801

	(a) Corpus	(b) Years prior to 2023	(c) 2023	(d) 2024
1 Distributable amount for 2024 from Part X, line 7				13,516,956
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......			444,512
b Total for prior years:20 , 20, 20		0
3 Excess distributions carryover, if any, to 2024:
a From 2019......
b From 2020......
c From 2021......
d From 2022......
e From 2023......
f Total of lines 3a through e ........	0
4Qualifying distributions for 2024 from Part
XI, line 4: $ 13,410,883
a Applied to 2023, but not more than line 2a			444,512
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.....				12,966,371
e Remaining amount distributed out of corpus	0
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	0
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 ..........				550,585
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 ......	0
10 Analysis of line 9:
a Excess from 2020....
b Excess from 2021....
c Excess from 2022....
d Excess from 2023....
e Excess from 2024....

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	(e) Total

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 II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	720,030	1,731,925	1,731,925
	2	Savings and temporary cash investments.........	8,670,401	9,886,211	9,886,211
	3	Accounts receivable 29,517
		Less: allowance for doubtful accounts	29,711	29,517	29,517
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....	3,345,139	2,934,017	2,934,017
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........	154,519	54,121	54,121
	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
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	266,719,430	List of Attached Documents: // Content 272,859,266	272,859,266
	14	Land, buildings, and equipment: basis 375,655
		Less: accumulated depreciation (attach schedule) 275,661	155,005	List of Attached Documents: // Content 99,994	99,993
	15	Other assets (describe )	List of Attached Documents: // Content 42,153	List of Attached Documents: // Content 24,147	List of Attached Documents: // Content 24,147
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	279,836,388	287,619,198	287,619,197
	17	Accounts payable and accrued expenses..........	234,463	161,370
	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 )	List of Attached Documents: // Content 32,510	List of Attached Documents: // Content 22,995
	23	Total liabilities (add lines 17 through 22).........	266,973	184,365
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	279,569,415	287,434,833
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		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).....	279,569,415	287,434,833
	30	Total liabilities and net assets/fund balances (see instructions).	279,836,388	287,619,198


(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
LOGAN BOON	DIRECTOR OF GRANTMAK 40.00	188,275	35,677	7,259
4500 E CHERRY CREEK S DR 250 GLENDALE,CO80246	DIRECTOR OF GRANTMAK 40.00	188,275	35,677	7,259
BRENDA CALDERON	MANAGER, STRATEGIC I 40.00	152,850	13,572	9,326
4500 E CHERRY CREEK S DR 250 GLENDALE,CO80246	MANAGER, STRATEGIC I 40.00	152,850	13,572	9,326
KIMBERLY MARTINEZ	SENIOR ACCOUNTANT 40.00	151,038	12,307	9,416
4500 E CHERRY CREEK S DR 250 GLENDALE,CO80246	SENIOR ACCOUNTANT 40.00	151,038	12,307	9,416
DEE ARIAS	OPERATIONS COORDINAT 40.00	88,940	16,511	10,017
4500 E CHERRY CREEK S DR 250 GLENDALE,CO80246	OPERATIONS COORDINAT 40.00	88,940	16,511	10,017
LINA OSMUNDSON	GRANTS COORDINATOR 40.00	96,745	11,347	6,362
4500 E CHERRY CREEK S DR 250 GLENDALE,CO80246	GRANTS COORDINATOR 40.00	96,745	11,347	6,362
Total number of other employees paid over $50,000...................				0

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
MONTICELLO ASSOCIATES INC	INVESTMENT SERVICES	280,000
1800 LARIMER STREET SUITE 2100 DENVER,CO80202	INVESTMENT SERVICES	280,000
WELLINGTON TRUST COMPANY	INVESTMENT SERVICES	164,305
280 CONGRESS STREET BOSTON,MA02210	INVESTMENT SERVICES	164,305
901JOHN LLC DBA CENTERED ADVISING	CONSULTING SERVICES	156,584
1824 THORPSHIRE DRIVE RALEIGH,NC27615	CONSULTING SERVICES	156,584
THE NORTHERN TRUST COMPANY	CUSTODIAN FEES	100,000
PO BOX 804298 CHICAGO,IL60680	CUSTODIAN FEES	100,000
THE TEACHING WELL	CONSULTING SERVICES	60,000
360 GRAND AVE 77 OAKLAND,CA94610	CONSULTING SERVICES	60,000

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1	N/A	0
2


All other program-related investments. See instructions.
3

bApproved for future payment

Total ................................. 3b				0

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	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities ....			14	2,769,276
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 ............			18	10,781,578
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		13,550,854	0

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.


Name of organization MARGULF FOUNDATION			Employer identification number 13-2927245
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.

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
SEMPER VIC PARTNERS QP	FMV	8,366,710	8,366,710
WELLINGTON SELECT LEADERS	FMV	17,691,026	17,691,026
HARBOUR SPRINGS	FMV	941,698	941,698
OAKMARK	FMV	8,504,793	8,504,793
EDGEWOOD GROWTH	FMV	16,188,410	16,188,410
BLACKROCK STRATEGIC	FMV	24,609,961	24,609,961
PIMCO	FMV	6,768,034	6,768,034
MARSHALL WACE	FMV	9,975,245	9,975,245
ANCHORAGE	FMV	2,756,691	2,756,691
ANCHORAGE VIII	FMV	3,841,200	3,841,200
FARALLON CAPITAL INVESTMENT	FMV	8,788,844	8,788,844
ISHARES CORE S&P 500 ETF	FMV	17,027,068	17,027,068
OWL VENTURES FUND III	FMV	2,992,845	2,992,845
DAVIDSON KEMPNER CAPITAL MANAGEMENT LP	FMV	7,198,802	7,198,802
DAVIDSON KEMPNER OPPS INTL VI LP	FMV	3,201,095	3,201,095
FARALLON EQUITY PARTNERS INTL LTD	FMV	23,208,277	23,208,277
GQG PARTNERS EMERGING MARKETS EQUITY FUND	FMV	6,291,328	6,291,328
INDUS SELECT FUND LP	FMV	7,681,369	7,681,369
JUNTO CAPITAL PARTNERS LP	FMV	10,655,603	10,655,603
CETCOM ASSOCIATES, LP	FMV	453,500	453,500
MAINSAIL PARTNERS V	FMV	6,815,528	6,815,528
SHERIDAN SQUARE	FMV	9,549,310	9,549,310
OWL VENTURES IV	FMV	3,516,894	3,516,894
ANOMALY CAPITAL	FMV	11,470,668	11,470,668
VITRUVIAN INVESTMENT PARTNERSHIP IV	FMV	6,384,172	6,384,172
CASDIN CAPITAL	FMV	1,967,639	1,967,639
CASDIN CAPITAL FUND II	FMV	2,462,337	2,462,337
CASDIN PARTNERS OFFSHORE FUND	FMV	2,705,239	2,705,239
MAINSAIL PARTNERS VI	FMV	5,064,745	5,064,745
MIDOCEAN PARTNERS VI	FMV	2,775,763	2,775,763
OAKTREE GLOBAL CREDIT FEEDER	FMV	11,539,000	11,539,000
WHALEROCK LONG OPS FUND	FMV	8,556,738	8,556,738
RENAISSANCE	FMV	8,906,478	8,906,478
ANCHORAGE IX	FMV	2,231,506	2,231,506
FARALLON SPECIAL SITUATIONS FUND III	FMV	1,010,416	1,010,416
MAINSAIL PARTNERS VII	FMV	139,343	139,343
KINDERHOOK CAPITAL 8	FMV	620,991	620,991

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
LEASEHOLD IMPROVEMENTS	185,252	132,619	52,633	52,633
FURNITURE AND FIXTURES	114,603	67,243	47,360	47,360
SOFTWARE	75,800	75,800	0

Software ID:
Software Version:

Description	Revenue and Expenses per Books	Disbursements for Charitable Purposes
BANK CHARGES	145	145
PERMITS, LICENCES AND FEES	15,057	15,592
OFFICE AND MISCELLANEOUS EXPENSE	97,795	99,760
PROGRAM EXPENSE	2,081	1,001
PHONE AND INTERNET	10,628	10,656

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
FINANCIAL ADVISOR FEES	285,000	285,000	0
OTHER CONSULTING FEES	363,437	0	263,437
INVESTMENT MGMT. FEES	264,305	264,305	0
RETIREMENT PLAN CONSULTING FEES	11,568	0	11,568
MARKETING & COMMS CONSULTING FEES	12,300	0	12,300