Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2025
Open to Public Inspection
For calendar year 2025, or tax year beginning 01 - 01 2025, and ending 12 - 31, 20 25
Name of foundation
GATES FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address) 1390 LAWRENCE STREET SUITE 400
  Room/suite
City or town
DENVER
State or province
CO
Country  
ZIP or foreign postal code
802042081
A Employer identification number

84-0474837
B Telephone number (see instructions)

3037221881
C
G Check all that apply:

D 1. Foreign organizations, check here.............
2. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
H Check type of organization:
F
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)$634,588,852J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 396,400
2 Check .................
3 Interest on savings and temporary cash investments 386,470 386,470  
4 Dividends and interest from securities... 3,691,180 3,691,180  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 27,256,596
b Gross sales price for all assets on line 6a 27,256,596
7 Capital gain net income (from Part IV, line 2)... 27,245,605
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
2,128,367 3,899,469  
12 Total. Add lines 1 through 11........ 33,859,013 35,222,724  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 622,059 158,006   464,053
14 Other employee salaries and wages...... 1,447,011 67,902   1,379,109
15 Pension plans, employee benefits....... 548,386 59,875   488,511
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
17,135 8,440   8,695
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
97,449 20,845   76,604
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
715,512 406,200   309,312
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
381,449      
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
267,009 200,898  
20 Occupancy.............. 92,792 3,277   89,515
21 Travel, conferences, and meetings....... 92,585 142   92,443
22 Printing and publications.......... 205     205
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
426,491 20,122   406,369
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 4,708,083 945,707   3,314,816
25 Contributions, gifts, grants paid....... 36,290,172 36,321,327
26 Total expenses and disbursements. Add lines 24 and 25 ................ 40,998,255 945,707   39,636,143
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -7,139,242
b Net investment income (if negative, enter -0-) 34,277,017
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2025)
Form 990-PF (2025)
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............. 1,233,933 10,043,707 10,043,707
2 Savings and temporary cash investments......... 6,437,823 4,232,816 4,424,390
3 Accounts receivable  
Less: allowance for doubtful accounts        
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).....      
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..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 111,959,889 Click to see attachment
List of Attached Documents:
// Content
113,584,116 		161,794,643
c Investments—corporate bonds (attach schedule)....... 3,137,031 Click to see attachment
List of Attached Documents:
// Content
3,316,442 		3,361,261
11 Investments—land, buildings, and equipment: basis 10,032,059
Less: accumulated depreciation (attach schedule) 3,529,611 5,654,975 Click to see attachment
List of Attached Documents:
// Content
6,502,448 		11,588,913
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 288,637,562 Click to see attachment
List of Attached Documents:
// Content
274,927,707 		432,242,476
14 Land, buildings, and equipment: basis 5,980,715
Less: accumulated depreciation (attach schedule) 4,248,716 1,780,849 Click to see attachment
List of Attached Documents:
// Content
1,731,999 		1,731,999
15 Other assets (describe ) Click to see attachment
List of Attached Documents:
// Content
12,042,692 		Click to see attachment
List of Attached Documents:
// Content
9,401,463 		Click to see attachment
List of Attached Documents:
// Content
9,401,463
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 430,884,754 423,740,698 634,588,852
Liabilities 17 Accounts payable and accrued expenses.......... 15,841 11,027
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 )    
23 Total liabilities (add lines 17 through 22)......... 15,841 11,027
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here
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 430,868,913 423,729,671
29 Total net assets or fund balances (see instructions)..... 430,868,913 423,729,671
30 Total liabilities and net assets/fund balances (see instructions). 430,884,754 423,740,698
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
430,868,913
2
Enter amount from Part I, line 27a .....................
2
-7,139,242
3
Other increases not included in line 2 (itemize)
3
 
4
Add lines 1, 2, and 3 ..........................
4
423,729,671
5
Decreases not included in line 2 (itemize)
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
423,729,671
Form 990-PF (2025)
Form 990-PF (2025)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1a
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 27,245,605
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ......................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here 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) 1 476,451
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........................... 3 476,451
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- ..... 5 476,451
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 325,000
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 325,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed....... 9 151,451
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid... 10  
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax   Refunded 11  
For Refunded amount, also complete and attach Form 8050. See instructions.
Form 990-PF (2025)
Form 990-PF (2025)
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. $   (2) On foundation managers.$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
CO
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 2025 or the taxable year beginning in 2025? 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 list of attachments
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 addressGATESFAMILYFOUNDATION.ORG
14
The books are in care ofTHOMAS A GOUGEON Telephone no. (303) 722-1881

Located at1390 LAWRENCE STREET STE 400DENVERCO ZIP+4802042081
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........
and enter the amount of tax-exempt interest received or accrued during the year ........
15
 
16 At any time during calendar year 2025, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16Yes  
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country CJ
Form 990-PF (2025)
Form 990-PF (2025)
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 ........
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 2025? .............
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 2025, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2025?....................
2a
 
No
If "Yes," list the years 20, 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.
20, 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 2025 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 Form 4720, Schedule C, to determine
if the foundation had excess business holdings in 2025.).....................
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 2025? ..
4b
 
No
Form 990-PF (2025)
Form 990-PF (2025)
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 .........
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
DANE HARBAUGH TRUSTEE
1.50 		0 0 0
1390 LAWRENCE STREET STE 400
DENVER,CO802042081
LAUREN DAVIS VICE CHAIR
1.50 		0 0 0
1390 LAWRENCE STREET STE 400
DENVER,CO802042081
WESLEY BROWN TREASURER
1.50 		0 0 0
1390 LAWRENCE STREET STE 400
DENVER,CO802042081
RICHARD G KIELY CHAIR
1.50 		0 0 0
1390 LAWRENCE STREET STE 400
DENVER,CO802042081
VIRGINIA C BAYLESS TRUSTEE
1.50 		0 0 0
1390 LAWRENCE STREET STE 400
DENVER,CO802042081
ROSEMARY RODRIGUEZ TRUSTEE
1.50 		0 0 0
1390 LAWRENCE STREET STE 400
DENVER,CO802042081
ERNEST HOUSE TRUSTEE
1.50 		0 0 0
1390 LAWRENCE STREET STE 400
DENVER,CO802042081
THOMAS A GOUGEON PRESIDENT, S
40.00 		382,559 40,299 3,125
1390 LAWRENCE STREET STE 400
DENVER,CO802042081
LESLIE SABIN VP IMPACT IN
40.00 		239,500 38,514 1,500
1390 LAWRENCE STREET STE 400
DENVER,CO802042081
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
RUSSELL RAMSEY VP FOR EDUCA
40.00 		189,000 43,172 1,500
1390 LAWRENCE STREET STE 400
DENVER,CO802042081
CRIS GONZALEZ-AVRAM DIR LEARNING
40.00 		152,500 44,085 1,500
1390 LAWRENCE STREET STE 400
DENVER,CO802042081
LISA RUCKER SR PROG OFFI
40.00 		160,375 32,554 1,500
1390 LAWRENCE STREET STE 400
DENVER,CO802042081
ANA SOLER SR PROGRAM O
40.00 		149,760 38,253 1,500
1390 LAWRENCE STREET STE 400
DENVER,CO802042081
WHITNEY JOHNSON SR PROGRAM O
40.00 		154,625 16,581 1,500
1390 LAWRENCE STREET STE 400
DENVER,CO802042081
Total number of other employees paid over $50,000................... 5
Form 990-PF (2025)
Form 990-PF (2025)
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
EARNEST PARTNERS INVESTMENT ADVI 156,225
1180 PEACHTREE STREET STE 2300
ATLANTA,GA30309
CAPTRUST INVESTMENT ADVI 153,734
33 WEST MONROE SUITE 1850
CHICAGO,IL60603
NORTHERN TRUST INVESTMENT CUST 96,241
50 SOUTH LA SALLE STREET B-8
CHICAGO,IL60603
ELEVATION SOLUTIONS TECH CONSULTING 50,850
2590 WELTON STREET SUITE 200
DENVER,CO80205
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 LOAN AGREEMENT WITH PALMER LAND CONSERVANCY-BESSEMER DITCH 500,000
2 LOAN AGREEMENT WITH URBAN LAND CONSERVANCY-MDIF 250,000
All other program-related investments. See instructions.
3 Click to see attachment
List of Attached Documents:
// Content
173,082
Total. Add lines 1 through 3.........................923,082
Form 990-PF (2025)
Form 990-PF (2025)
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
584,651,013
b
Average of monthly cash balances.......................
1b
10,509,356
c
Fair market value of all other assets (see instructions)................
1c
11,588,913
d
Total (add lines 1a, 1b, and 1c).......................
1d
606,749,282
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
606,749,282
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
9,101,239
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
597,648,043
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
29,882,402
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
29,882,402
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
476,451
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
16,880
c
Add lines 2a and 2b............................
2c
493,331
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
29,389,071
4
Recoveries of amounts treated as qualifying distributions................
4
3,244,872
5
Add lines 3 and 4............................
5
32,633,943
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
32,633,943
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, line 26, column (d) ..........
1a
39,636,143
b
Program-related investments—total from Part VIII-B..................
1b
923,082
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
17,261
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
40,576,486
Form 990-PF (2025)
Form 990-PF (2025)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2024 		(c)
2024 		(d)
2025
1 Distributable amount for 2025 from Part X, line 7 32,633,943
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2025:
a From 2020......  
b From 2021......  
c From 2022...... 11,500,439
d From 2023...... 18,032,146
e From 2024...... 12,381,839
f Total of lines 3a through e ........ 41,914,424
4Qualifying distributions for 2025 from Part
XI, line 4: $ 40,576,486
a Applied to 2024, 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 2025 distributable amount..... 32,633,943
e Remaining amount distributed out of corpus 7,942,543
5 Excess distributions carryover applied to 2025.    
(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 49,856,967
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 2024. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2025. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2026 .......... 		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 2020 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		49,856,967
10 Analysis of line 9:
a Excess from 2021 ....  
b Excess from 2022 .... 11,500,439
c Excess from 2023 .... 18,032,146
d Excess from 2024 .... 12,381,839
e Excess from 2025 .... 7,942,543
Form 990-PF (2025)
Form 990-PF (2025)
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 2025, enter the date of the ruling ......
 
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) 2025 (b) 2024 (c) 2023 (d) 2022
         
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, 3b, or 3c 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).)
NONE
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.
NONE
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, 2b, 2c, and 2d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
GATES FAMILY FOUNDATION
1390 LAWRENCE STREET 400
DENVER,CO80204
(303) 722-1881
bThe form in which applications should be submitted and information and materials they should include:
CAPITAL GRANT APPLICANTS SHOULD USE THE COMMON GRANT APPLICATION AVAILABLE ON THE FOUNDATION'S WEBSITE: WWW.GATESFAMILYFOUNDATION.ORG. PLEASE REFERENCE OUR WEBSITE FOR MORE INFORMATION ABOUT OUR INITIATED GRANT MAKING.
cAny submission deadlines:
PROPOSAL DEADLINES: MARCH 15 AND SEPTEMBER 1.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
THE FOUNDATION SUPPORTS CAPITAL PROJECTS, WHICH ARE TYPICALLY BUILDING PURCHASE, CONSTRUCTION, EXPANSION, RENOVATION, AND/OR LAND ACQUISITION, AS WELL AS OTHER FORMS OF INITIATED GRANT MAKING FOR CAPITAL, PROGRAM, OPERATING AND OTHER PURPOSES IN FOUR PRIORITY AREAS - K-12 EDUCATION, NATURAL RESOURCES, COMMUNITY DEVELOPMENT, AND INFORMED COMMUNITIES. THE FOUNDATION ALSO MAKES RECYCLABLE COMMITMENTS OF CAPITAL IN THE FORM OF PROGRAM RELATED INVESTMENTS IN SUPPORT OF ITS OBJECTIVES IN THE FOUR PRIORITY AREAS FOR INITIATED ACTIVITY.
Form 990-PF (2025)
Form 990-PF (2025)
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

50CAN INC

1380 MONROE STREET NW 41
WASHINGTON,DC20010 		    PROJECT SUPPORT 50,000

A SANCTUARY FOR MILITARY FAMILIES I

135 COUNTRY CENTER DRIVE
PAGOSA SPRINGS,CO81147 		    UNRESTRICTED 20,000

A WOMANS PLACE INC

PO BOX 71
GREELEY,CO80632 		    UNRESTRICTED 20,000

ACTIVATE WORK INC

1777 S HARRISON ST 35
DENVER,CO80210 		    UNRESTRICTED 40,000

ADAMS COUNTY SCHOOL DISTRICT 27J

88 NORTH 40TH AVE BLDG
BRIGHTON,CO80601 		    PROJECT SUPPORT 50,000

ADVANCE INC

101 MONROE STREET
DENVER,CO80206 		    RENOVATION 35,000

ALAYA PRESCHOOL

3340 19TH STREET
BOULDER,CO80304 		    LAND PURCHASE 15,000

ALEDO ISD EDUCATION FOUNDATION

1008 BAILEY RANCH ROAD
ALEDO,TX76008 		    UNRESTRICTED 10,000

ALOHA UNITED WAY INC

200 N VINEYARD BLVD 7
HONOLULU,HI968173938 		    UNRESTRICTED 2,000

AMERICA SUCCEEDS

1390 LAWRENCE ST STE 200
DENVER,CO802042081 		    PROJECT SUPPORT 150,000

AMERICAN BROWNSTONE INSTITUTE

2028 EAST BEN WHITE 240
AUSTIN,TX78741 		    UNRESTRICTED 2,500

AMERICAN FOREIGN POLICY COUNCIL

509 C STREET NE
WASHINGTON,DC200025809 		    UNRESTRICTED 10,000

AMERICAN RED CROSS

3150 EAST 29TH STREET
LONG BEACH,CA90806 		    PROJECT SUPPORT 25,000

AMERICAN RED CROSS OF HAWAII

4155 DIAMOND HEAD ROAD
HONOLULU,HI96816 		    UNRESTRICTED 30,000

ANGEL CHARITY FOR CHILDREN INC

3132 NORTH SWAN ROAD
TUCSON,AZ85712 		    UNRESTRICTED 50,000

AQUARIUM OF THE PACIFIC

100 AQUARIUM WAY
LONG BEACH,CA90802 		    SCHOLARSHIPS/FELLOWSHIPS 20,000

ARIZONA STATE UNIVERSITY FOUNDATION

PO BOX 2260
TEMPE,AZ85280 		    PROJECT SUPPORT 75,000

ART STUDENTS LEAGUE OF DENVER

200 GRANT STREET
DENVER,CO80203 		    PROJECT SUPPORT 10,000

ASPEN CENTER FOR ENVIRONMENTAL STUD

100 PUPPY SMITH STREET
ASPEN,CO81611 		    OTHER 5,000

ASPEN VALLEY LAND TRUST

320 MAIN STREET SUITE 20
CARBONDALE,CO81623 		    OTHER 50,000

ASSISTANCE LEAGUE OF LONG BEACH

6220 EAST SPRING STREET
LONG BEACH,CA908151422 		    PROJECT SUPPORT 25,000

AUSTIN COUNTY PEACE OFFICERS ASSOCI

201 ATCHISON STREET
SEALY,TX77474 		    UNRESTRICTED 12,000

AVALON THEATRE FOUNDATION INC

PO BOX 2243
GRAND JUNCTION,CO81502 		    RENOVATION 10,000

BELVIDERE FOUNDATION

PO BOX 249
CENTRAL CITY,CO80427 		    RENOVATION 20,000

BEN COLORADO INC

3513 BRIGHTON BLVD SUITE
DENVER,CO80216 		    PROJECT SUPPORT 40,000

BETTER TOMORROW

PO BOX 771424
STEAMBOAT SPRINGS,CO80477 		    UNRESTRICTED 20,000

BICYCLE COLORADO

1525 MARKET ST SUITE 100
DENVER,CO802021661 		    PROJECT SUPPORT 75,000

BIGGEST LITTLE TRAILS STEWARDSHIP I

6800 S MCCARRRAN BLVD
RENO,NV89509 		    UNRESTRICTED 4,000

BIRDS OF PREY FOUNDATION

2290 SOUTH 104TH STREET
BROOMFIELD,CO80020 		    UNRESTRICTED 12,000

BISHOP MUSEUM

1525 BERNICE STREET
HONOLULU,HI96817 		    UNRESTRICTED 8,000

BLUE LAKE PRE SCHOOL INC

0189 JW DRIVE UNIT C
CARBONDALE,CO81623 		    CONSTRUCTION 35,000

BORN FREE WILDLIFE REHABILITATION

PO BOX 772096
STEAMBOAT SPRINGS,CO80477 		    UNRESTRICTED 25,741

BOYS AND GIRLS CLUBS OF LONG BEACH

3635 LONG BEACH BLVD
LONG BEACH,CA90807 		    PROJECT SUPPORT 10,000

BOYS AND GIRLS CLUBS OF METRO DENVE

2017 W 9TH AVE
DENVER,CO802043845 		    PROJECT SUPPORT 40,000

BREAK BREAD

5933 SOUTH FAIRCHILD STRE
LITTLETON,CO80120 		    RENOVATION 20,000

CARDIGAN MOUNTAIN SCHOOL

62 ALUMNI DR
CANAAN,NH037417210 		    ENDOWMENT 2,000,000

CARSON ELEMENTARY SCHOOL

5420 EAST FIRST AVENUE
DENVER,CO80220 		    UNRESTRICTED 10,460

CAT SPRING VOLUNTEER FIRE DEPARTMEN

PO BOX 38
CAT SPRING,TX78933 		    UNRESTRICTED 12,000

CATE SCHOOL

PO BOX 5005
CARPINTERIA,CA930145005 		    SCHOLARSHIPS/FELLOWSHIPS 25,000

CENTER FOR COMMUNITY WEALTH BUILDIN

2900 NORTH DOWNING STREET
DENVER,CO802054481 		    PROJECT SUPPORT 60,000

CENTER FOR COMMUNITY WEALTH BUILDIN

2900 NORTH DOWNING STREET
DENVER,CO802054481 		    CONSTRUCTION 40,000

CENTER FOR EXCELLENCE IN EDUCATIONA

7350 BROADWAY
DENVER,CO80221 		    PROJECT SUPPORT 20,000

CENTER FOR INDEPENDENCE INC

740 GUNNISON AVE
GRAND JUNCTION,CO81501 		    BUILDING PURCHASE 20,000

CENTRAL FLORIDA ANIMAL RESERVE INC

500 BROUSSARD ROAD
ST CLOUD,FL34773 		    UNRESTRICTED 14,000

CHANDA CENTER FOR HEALTH

1630 CARR STREET
LAKEWOOD,CO80214 		    RENOVATION 35,000

CHEYENNE COUNTY SCHOOL DISTRICT RE-

395 NORTH STREET PO BOX
CHEYENNE WELLS,CO80810 		    CONSTRUCTION 25,000

CHILD GUIDANCE CENTER INC

525 CABRILLO PARK DRIVE
SANTA ANA,CA92701 		    UNRESTRICTED 10,000

CHILDRENS MUSEUM OF NORTHERN COLORA

C/O ERION FOUNDATION PO
LOVELAND,CO805390732 		    CONSTRUCTION 40,000

CITY OF VICTOR

PO BOX 86
VICTOR,CO80860 		    PROJECT SUPPORT 25,000

CIVIC NEWS COMPANY

C/O CIVIC NEWS COMPANY 45
NEW YORK,NY112300434 		    OPERATING 50,000

CLOUD CITY CONSERVATION CENTER

119 WEST 9TH STREET PO BO
LEADVILLE,CO80461 		    CONSTRUCTION 10,000

COLLABORATIVE HEALING INITIATIVE WI

10660 E COLFAX AVE SUIT
AURORA,CO80010 		    PROJECT SUPPORT 20,000

COLLABORATIVE IMPACT FUND OF DENVER

1009 NORTH GRANT STREET
DENVER,CO80203 		    PROJECT SUPPORT 10,000

COLLEGE OF AMERICAN PATHOLOGISTS FO

325 WAUKEGAN ROAD E1-517
NORTHFIELD,IL60093 		    UNRESTRICTED 30,000

COLORADO ACADEMY

3800 SOUTH PIERCE STREET
DENVER,CO80235 		    ANNUAL CAMPAIGN SUPPORT 3,500

COLORADO ASIAN CULTURE AND EDUCATIO

67 INVERNESS DRIVE EAST
ENGLEWOOD,CO80112 		    RENOVATION 50,000

COLORADO CHILDRENS CAMPAIGN INC

1700 BROADWAY 840
DENVER,CO80290 		    PROJECT SUPPORT 75,000

COLORADO COALITION OF LAND TRUSTS

PO 16280
GOLDEN,CO80402 		    OPERATING 100,000

COLORADO COLLEGE TH

14 EAST CACHE LA POUDRE S
COLORADO SPRINGS,CO80903 		    PROJECT SUPPORT 100,000

COLORADO EDUCATION INITIATIVE

3000 LAWRENCE STREET BOX
DENVER,CO80205 		    PROJECT SUPPORT 75,000

COLORADO FREEDOM OF INFORMATION COU

2101 ARAPAHOE STREET
DENVER,CO80205 		    PROJECT SUPPORT 25,000

COLORADO HORSE RESCUE

10386 NORTH 65TH STREET
LONGMONT,CO80503 		    UNRESTRICTED 30,000

COLORADO IMMIGRANT RIGHTS COALITION

2525 W ALAMEDA AVE
DENVER,CO80219 		    OPERATING 20,000

COLORADO LEAGUE OF CHARTER SCHOOLS

104 NORTH BROADWAY SUITE
DENVER,CO80203 		    PROJECT SUPPORT 75,000

COLORADO MESA UNIVERSITY FOUNDATION

1450 N 12TH ST
GRAND JCT,CO815017686 		    CONSTRUCTION 30,000

COLORADO NEWS COLLABORATIVE

PO BOX 40866
DENVER,CO80204 		    PROJECT SUPPORT 20,000

COLORADO NONOPROFIT DEVELOPMENT COR

PO BOX 18770
DENVER,CO80218 		    PROJECT SUPPORT 15,000

COLORADO NONPROFIT DEVELOPMENT CENT

2590 WELTON STREET
DENVER,CO80205 		    PROJECT SUPPORT 35,000

COLORADO PLATEAU FOUNDATION

113 E BIRCH AVENUE FLAGST
FLAGSTAFF,AZ86001 		    PROJECT SUPPORT 60,000

COLORADO RURAL SCHOOLS ALLIANCE

565 GRAFF DAIRY COURT
GRAND JUNCTION,CO81501 		    PROJECT SUPPORT 18,000

COLORADO SCHOOLS FUND

1390 LAWRENCE STREET SUI
DENVER,CO80204 		    PROJECT SUPPORT 300,000

COLORADO SPRINGS CHILD NURSERY CENT

104 EAST RIO GRANDE STREE
COLORADO SPRINGS,CO80903 		    RENOVATION 20,000

COLORADO STATE UNIVERSITY FOUNDATIO

1475 CAMPUS DELIVERY
FORT COLLINS,CO80523 		    PROJECT SUPPORT 100,000

COLORADO STATE UNIVERSITY FOUNDATIO

PO BOX 1870
FORT COLLINS,CO80522 		    CONSTRUCTION 50,000

COLORADO STATE UNIVERSITY FOUNDATIO

PO BOX 1870
FORT COLLINS,CO80522 		    SCHOLARSHIPS/FELLOWSHIPS 100,000

COLORADO STATE UNIVERSITY FOUNDATIO

PO BOX 1870
FORT COLLINS,CO80522 		    PROJECT SUPPORT 150,000

COLORADO STATE UNIVERSITY FOUNDATIO

PO BOX 1870
FORT COLLINS,CO80522 		    PROJECT SUPPORT 45,000

COLORADO STATE UNIVERSITY FOUNDATIO

PO BOX 1870
FORT COLLINS,CO80522 		    PROJECT SUPPORT 32,741

COLORADO SUCCEEDS

730 17TH STREET SUITE 95
DENVER,CO80202 		    PROJECT SUPPORT 50,000

COLORADO WATER TRUST INC

1312 17TH STREET 766
DENVER,CO80202 		    PROJECT SUPPORT 200,000

COLORFUL CREATIVES

PO BOX 545
GRAND LAKE,CO80447 		    CONSTRUCTION 20,000

COMMUN DENVER INC

1114 W 7TH AVE 215
DENVER,CO80204 		    PROJECT SUPPORT 70,000

COMMUNITY ARTS STABILIZATION

1245 CHAMPA STREET
DENVER,CO80204 		    PROJECT SUPPORT 45,000

COMMUNITY BUILDERS

PO BOX 3128
GLENWOOD SPRINGS,CO81602 		    PROJECT SUPPORT 95,000

COMMUNITY BUILDERS

PO BOX 3128
GLENWOOD SPRINGS,CO81602 		    PROJECT SUPPORT 90,000

COMMUNITY FOOD SHARE INC

650 SOUTH TAYLOR AVE
LOUISVILLE,CO80027 		    RENOVATION 15,000

COMMUNITY OF CARING FOUNDATION

PO BOX 1587
CRIPPLE CREEK,CO808131587 		    CONSTRUCTION 35,000

COMMUNITY RESOURCE CENTER INC

789 N SHERMAN ST STE 210
DENVER,CO802033530 		    PROJECT SUPPORT 25,000

CONFLUENCE CENTER OF COLORADO INC

1401 NOTH 1ST STREET SUI
GRAND JUNCTION,CO815012139 		    PROJECT SUPPORT 45,000

CONSERVATION COLORADO EDUCATION FUN

303 EAST 17TH AVE SUITE
DENVER,CO80203 		    PROJECT SUPPORT 150,000

CORNUCOPIA INSTITUTE INCORPORATED

PO BOX 826
VIROQUA,WI54665 		    UNRESTRICTED 3,500

CRESTED BUTTE LAND TRUST

PO BOX 2224
CRESTED BUTTE,CO81224 		    LAND PURCHASE 40,000

CROSSROADS SAFEHOUSE INCORPORATED

PO BOX 993
FORT COLLINS,CO80522 		    RENOVATION 20,000

CROWN POINTE ACADEMY

2900 WEST 86TH AVENUE
WESTMINSTER,CO80031 		    CONSTRUCTION 30,000

DANIEL R SAYRE MEMORIAL FOUNDATION

PO BOX 1285
KAILUAKONA,HI96745 		    UNRESTRICTED 25,000

DENVER BOTANIC GARDEN INC

909 YORK STREET
DENVER,CO80206 		    CONSTRUCTION 40,000

DENVER CIVIC VENTURES INC

1515 ARAPAHOE STREET TOW
DENVER,CO802023150 		    PROJECT SUPPORT 25,000

DENVER CIVIC VENTURES INC

1515 ARAPAHOE STREET TOW
DENVER,CO802023150 		    PROJECT SUPPORT 25,000

DENVER CIVIC VENTURES INC

1515 ARAPAHOE STREET TOW
DENVER,CO802023150 		    PROJECT SUPPORT 20,000

DENVER DUMB FRIENDS LEAGUE

2080 SOUTH QUEBEC STREET
DENVER,CO80231 		    UNRESTRICTED 12,000

DENVER DUMB FRIENDS LEAGUE

2080 SOUTH QUEBEC STREET
DENVER,CO80231 		    PROJECT SUPPORT 30,000

DENVER INDIAN HEALTH AND FAMILY SER

455 SHERMAN STREET SUITE
DENVER,CO80203 		    CONSTRUCTION 75,000

DENVER PARK TRUST

PO BOX 102325
DENVER,CO80250 		    CONSTRUCTION 20,000

DENVER PUBLIC LIBRARY FRIENDS FOUND

10 W 14TH AVENUE PKWY
DENVER,CO80204 		    RENOVATION 25,000

DENVER URBAN GARDENS

1031 33RD STREET SUITE 1
DENVER,CO80205 		    CONSTRUCTION 25,000

DENVER ZOOLOGICAL FOUNDATION INC

2300 STEELE STREET
DENVER,CO80205 		    CONSTRUCTION 30,000

DIOCESE OF MEMPHIS ROMAN CATHOLIC C

8250 VARNAVAS DRIVE
CORDOVA,TN38016 		    SCHOLARSHIPS/FELLOWSHIPS 40,000

DOGS FOR LIFE INC

1230 16TH AVE
VERO BEACH,FL32960 		    UNRESTRICTED 13,273

DUEKER RANCH INC

214 NORTH CORNERSTONE WAY
STAR VALLEY,AZ85541 		    UNRESTRICTED 25,000

EAST COLFAX COMMUNITY COLLECTIVE

1195 NEWPORT STREET SUIT
DENVER,CO80220 		    PROJECT SUPPORT 35,000

EAST DENVER COLFAX PARTNERSHIP INC

6740 EAST COLFAX AVE
DENVER,CO802201704 		    PROJECT SUPPORT 35,000

EAST HIGH ANGEL FOUNDATION

1454 DETROIT STREET
DENVER,CO80206 		    UNRESTRICTED 10,460

EDNIUM THE ALUMNI COLLECTIVE INC

PO BOX 19021
DENVER,CO80219 		    OPERATING 50,000

EKAR

PO BOX 460983
DENVER,CO80246 		    CONSTRUCTION 20,000

ELEVATION COMMUNITY LAND TRUST

1114 W 7TH AVE SUITE 101
DENVER,CO802040000 		    PROJECT SUPPORT 200,000

ELEVATION COMMUNITY LAND TRUST

1114 W 7TH AVE SUITE 101
DENVER,CO802040000 		    PROJECT SUPPORT 100,000

EMPOWER SCHOOLS INC

265 FRANKLIN STREET SUIT
BOSTON,MA02110 		    PROJECT SUPPORT 75,000

ENTERPRISE COMMUNITY PARTNERS INC

70 CORPORATE CENTER 11000
COLUMBIA,MD21044 		    PROJECT SUPPORT 45,000

ERIK HITE FOUNDATION INC

9420 EAST GOLF LINKS ROAD
TUCSON,AZ85730 		    UNRESTRICTED 50,000

EVERGREEN PARK AND RECREATION DISTR

PO BOX 520 BERGEN PARKW
EVERGREEN,CO80439 		    CONSTRUCTION 20,000

FOOD BANK OF THE ROCKIES

10700 E 45TH AVENUE
DENVER,CO80239 		    CONSTRUCTION 50,000

FOOD FINDERS INC

10539 HUMBOLDT STREET
LOS ALAMITOS,CA90720 		    UNRESTRICTED 20,000

FOUNDATION FOR BLACK ENTREPRENEURSH

20340 EAST 40TH AVE
DENVER,CO80249 		    PROJECT SUPPORT 25,000

FRESH START

1230 DECATUR STREET
DENVER,CO80207 		    PROJECT SUPPORT 20,000

FRIENDS OF DINOSAUR RIDGE

16831 W ALAMEDA PARKWAY
MORRISON,CO80465 		    RENOVATION 25,000

FRIENDS OF IOLANI PALACE

PO BOX 2259
HONOLULU,HI968042259 		    UNRESTRICTED 7,500

FRIENDS OF THE FUTURE

PO BOX 2655
KAMUELA,HI968032655 		    UNRESTRICTED 3,500

FULLCIRCLE PROGRAM INC

1955 WEST BASELINE ROAD
MESA,AZ85202 		    RENOVATION 20,000

FUNDAMENTAL NEEDS INC

14881 ROAD 26
DOLORES,CO81323 		    RENOVATION 10,000

GEAR ALLIANCE INC

950 SOUTH SHERMAN STREET
LONGMONT,CO80501 		    BUILDING PURCHASE 40,000

GENOA-HUGO SCHOOL DISTRICT C-113

25 PIRATE LANE PO BOX 247
HUGO,CO80821 		    PROJECT SUPPORT 19,000

GES COALITION INC

4700 CLAUDE COURT
DENVER,CO80216 		    RESEARCH 20,000

GRALAND COUNTRY DAY

55 CLERMONT STREET
DENVER,CO802205600 		    ANNUAL CAMPAIGN SUPPORT 13,922

GRAND VALLEY CREATIVE ALLIANCE

PO BOX 851
GRAND JUNCTION,CO81502 		    RENOVATION 25,000

GREATER CANON CITY CHAMBER OF COMME

816 ROYAL GORGE BLVD
CANON CITY,CO81212 		    RENOVATION 30,000

GREELEY CREATIVE DISTRICT

802 9TH STREET 100
GREELEY,CO80631 		    CONSTRUCTION 25,000

GRIFFITH CENTERS INC

12142 DENVER WEST PARKWAY
GOLDEN,CO80401 		    RENOVATION 40,000

GUIDESTONE

PO BOX 1056
SALIDA,CO81201 		    GENERAL OPERATING SUPPORT 2,500

H O A INCORPORATED OF AUSTIN COUNTY

915 FRYDEK ROAD
SEALY,TX77474 		    UNRESTRICTED 12,000

HAWAII COMMUNITY FOUNDATION

827 FORT STREET MALL
HONOLULU,HI96813 		    UNRESTRICTED 5,000

HAWAII PREPARATORY ACADEMY

65-1692 KOHALA MOUNTAIN R
KAMUELA,HI96743 		    UNRESTRICTED 5,000

HAWAII PUBLIC RADIO

738 KAHEKA STREET
HONOLULU,HI96814 		    UNRESTRICTED 12,000

HAWAII WILDLIFE CENTER

PO BOX 551752
KAPAAU,HI96755 		    UNRESTRICTED 5,000

HAWAIIAN ISLANDS LAND TRUST

1108 FORT STREET MALL SU
HONOLULU,HI96813 		    UNRESTRICTED 10,000

HAWAIIAN MISSION CHILDRENS SOCIETY

553 SOUTH KING STREET
HONOLULU,HI96813 		    UNRESTRICTED 7,000

HEALING ARIZONA VETERANS

7598 L LA CHOLLA BLVD
TUCSON,AZ85741 		    UNRESTRICTED 10,000

HIGH COUNTRY NEWS

PO BOX 1090
PAONIA,CO81428 		    PROJECT SUPPORT 20,000

HIGH ROCKIES COMMUNITY SCHOOL

PO BOX 802
FAIRPLAY,CO80440 		    RENOVATION 35,000

HIGHLAND PARK ISD EDUCATION FOUNDAT

4201 GRASSMERE LANE
DALLAS,TX75205 		    PROJECT SUPPORT 29,656

HIGHWATER FARM PROJECT

PO BOX 594
GLENWOOD SPRINGS,CO81601 		    RENOVATION 10,000

HILLTOP HEALTH SERVICES CORPORATION

1331 HERMOSA AVENUE
GRAND JUNCTION,CO81506 		    REMODELING 40,000

HOMELAKE HISTORIC PRESERVATION AND

PO BOX 97
HOMELAKE,CO81135 		    RENOVATION 20,000

HUERFANO COMMUNITY CORPORATION

PO BOX 39
GARDNER,CO81040 		    CONSTRUCTION 30,000

HUERFANO COUNTY ECONOMIC DEVELOPMEN

PO BOX 308
WALSENBURG,CO81089 		    BUILDING PURCHASE 20,000

IMPACT CHARITABLE

2247 SAN DIEGO AVE SUIT
SAN DIEGO,CA92110 		    PROJECT SUPPORT 27,500

IMPACT CHARITABLE

1536 WYNKOOP STREET SUIT
DENVER,CO80202 		    PROJECT SUPPORT 27,500

IMPACT CHARITABLE

2247 SAN DIEGO AVE SUIT
SAN DIEGO,CA92110 		    PROJECT SUPPORT 20,000

INSTITUTE FOR NONPROFIT NEWS

1209 MOUNTAIN ROAD PL NE
ALBUQUERQUE,NM87110 		    GENERAL OPERATING SUPPORT 60,000

ISLAND CONSERVATION

630 WATER ST
SANTA CRUZ,CA95060 		    UNRESTRICTED 50,000

JEFFCO ACTION CENTER INC

8755 W 14TH AVENUE
LAKEWOOD,CO80215 		    RENOVATION 50,000

JEFFERSON CENTER FOR MENTAL HEALTH

4851 INDEPENDENCE STREET
WHEAT RIDGE,CO80033 		    BUILDING PURCHASE 30,000

JEFFERSON COUNTY SCHOOL DISTRCIT

1829 DENVER WEST DRIVE
GOLDEN,CO80401 		    PROJECT SUPPORT 20,000

JUDIS HOUSE

10125 E 25TH AVENUE
AURORA,CO80010 		    UNRESTRICTED 14,000

JUSTICE FOR THE PEOPLE LEGAL CENTER

501 S CHERRY ST UNIT 11
DENVER,CO80246 		    PROJECT SUPPORT 33,500

KENT DENVER COUNTRY DAY SCHOOL

4000 E QUINCY AVENUE
ENGLEWOOD,CO80110 		    ANNUAL CAMPAIGN SUPPORT 3,500

KEYSTONE CENTER

1628 SAINT JOHN RD
KEYSTONE,CO804357714 		    PROJECT SUPPORT 15,000

KEYSTONE CENTER

C/O KEYSTONE CENTER 1628
KEYSTONE,CO80435 		    PROJECT SUPPORT 80,000

KIM ROBARDS DANCE INC

1755 W 48TH AVENUE
DENVER,CO80221 		    CONSTRUCTION 10,000

KONA HISTORICAL SOCIETY

PO BOX 398
CAPTAIN COOK,HI96704 		    UNRESTRICTED 2,000

KUTE INC

PO BOX 737
IGNACIO,CO811370737 		    PROJECT SUPPORT 5,000

KUTE INC

PO BOX 737
IGNACIO,CO811370737 		    PROJECT SUPPORT 8,000

LA FIESTA DE LAS SEIS BANDERAS INC

3419 WESTMINSTER AVE PO
DALLAS,TX75205 		    UNRESTRICTED 5,000

LA LUZ EDUCATION

361 VRAIN ST
DENVER,CO80219 		    PROJECT SUPPORT 15,000

LAKE COUNTY COMMUNITY FUND

PO BOX 243
LEADVILLE,CO80461 		    CONSTRUCTION 15,000

LAPUENTE HOME INCORPORATED

911 STATE AVE
ALAMOSA,CO811013141 		    UNRESTRICTED 14,000

LATINO LEADERSHIP INSTITUTE

2679 WEST MAIN STREET SU
LITTLETON,CO80120 		    PROJECT SUPPORT 50,000

LIFT UP OF ROUTT COUNTY

2125 CURVE COURT
STEAMBOAT SPRINGS,CO80487 		    CONSTRUCTION 30,000

LITTLE BIRD CREATIVE COMMUNITY

PO BOX 681
GYPSUM,CO81637 		    CONSTRUCTION 10,000

LITTLETON TOWN HALL ARTS CENTER

2450 WEST MAIN STREET
LITTLETON,CO80120 		    RENOVATION 35,000

LONG BEACH BAR FOUNDATION INC

3515 LINDEN AVE 52
LONG BEACH,CA90807 		    SCHOLARSHIPS/FELLOWSHIPS 10,000

LONG BEACH BAR FOUNDATION INC

3515 LINDEN AVE 52
LONG BEACH,CA90807 		    PROJECT SUPPORT 10,000

LONG BEACH BLAST - BETTER LEARNING

4201 LONG BEACH BLVD SU
LONG BEACH,CA90807 		    PROJECT SUPPORT 25,000

LONG BEACH COMMUNITY FOUNDATION

1 WORLD TRADE CENTER 8TH
LONG BEACH,CA90831 		    PROJECT SUPPORT 30,000

LONG BEACH RESCUE MISSION

1430 PACIFIC AVE
LONG BEACH,CA90813 		    CAPITAL FUND SUPPORT 50,000

LONG BEACH ROTARY CHARITABLE FOUNDA

1126 QUEENS HWY SYLVANI
LONG BEACH,CA90802 		    PROJECT SUPPORT 15,000

LONG BEACH ROTARY SCHOLARSHIP FOUND

PO BOX 15087
LONG BEACH,CA90815 		    SCHOLARSHIPS/FELLOWSHIPS 50,000

LONG BEACH STATE FOUNDATION

1250 BELLFLOWER BLVD BH-3
LONG BEACH,CA90840 		    SCHOLARSHIPS/FELLOWSHIPS 90,000

LYRA

1390 LAWRENCE ST STE 400
DENVER,CO802042081 		    PROJECT SUPPORT 550,000

MAD IN AMERICA FOUNDATION

763 MASSACHUSETTS AVE S
CAMBRIDGE,MA02139 		    UNRESTRICTED 31,720

MAKE-A-WISH FOUNDATION OF HAWAII IN

900 FORT STREET MALL SUIT
HONOLULU,HI96813 		    UNRESTRICTED 2,000

MARINE MAMMAL CARE CENTER LOS ANGEL

1536 WEST 25TH STREET BOX
SAN PEDRO,CA90732 		    UNRESTRICTED 10,000

MCA DENVER

1485 DELGANY ST
DENVER,CO802021100 		    UNRESTRICTED 62,408

MENTAL HEALTH CENTER OF DENVER

PO BOX 46022
SAN FRANCISCO,CA94145 		    RENOVATION 20,000

MESA COUNTY LAND CONSERVANCY INC

1006 MAIN ST
GRAND JCT,CO815013541 		    LAND PURCHASE 75,000

METRO CARING

1100 E 18TH AVENUE
DENVER,CO80203 		    CONSTRUCTION 50,000

METROPOLITAN STATE UNIVERSITY OF DE

PO BOX 173362 CAMPUS B
DENVER,CO802173362 		    PROJECT SUPPORT 35,000

MI CASA RESOURCE CENTER

345 S GROVE ST
DENVER,CO802192827 		    PROJECT SUPPORT 25,000

MILE HIGH MINISTRIES

913 WYANDOT STREET
DENVER,CO80204 		    RENOVATION 25,000

MILE HIGH UNITED WAY INC

711 PARK AVENUE WEST
DENVER,CO80205 		    CONSTRUCTION 20,000

MINERAL COUNTY

PO BOX 70
CREEDE,CO81130 		    CONSTRUCTION 20,000

MODERN CLASSROOMS PROJECT INC

15 14TH STREET SE
WASHINGTON,DC20003 		    PROJECT SUPPORT 75,000

MOGOLLON SPORTING ASSOCIATION INC

PO BOX 1662
PAYSON,AZ85547 		    UNRESTRICTED 5,370

MONTBELLO ORGANIZING COMMITTEE

12000 EAST 47TH AVE SUI
DENVER,CO80239 		    PROJECT SUPPORT 35,000

MONTBELLO ORGANIZING COMMITTEE

12000 EAST 47TH AVE SUI
DENVER,CO80239 		    PROJECT SUPPORT 40,000

MONTBELLO ORGANIZING COMMITTEE

12000 EAST 47TH AVE SUI
DENVER,CO80239 		    CONSTRUCTION 25,000

MONTEZUMA LAND CONSERVANCY

PO BOX 1522
CORTEZ,CO81321 		    PROJECT SUPPORT 100,000

MONTEZUMA LAND CONSERVANCY

PO BOX 1522
CORTEZ,CO81321 		    PROJECT SUPPORT 20,000

MUSEO DE LAS AMERICAS

861 SANTA FE DRIVE
DENVER,CO80204 		    BUILDING PURCHASE 35,000

MUSEUM OF FRIENDS

109 EAST 6TH STREET
WALSENBURG,CO81089 		    RENOVATION 30,000

MUSEUM OF GLASS

1801 DOCK STREET
TACOMA,WA984023217 		    UNRESTRICTED 5,000

MUSICAL THEATRE WEST

4350 EAST 7TH STREET
LONG BEACH,CA90804 		    UNRESTRICTED 10,000

MUSLIM YOUTH FOR POSITIVE IMPACT

1880 GOLDEN EAGLE COURT
BROOMFIELD,CO80020 		    BUILDING PURCHASE 65,000

NAPILI KAI FOUNDATION

5900 LOWER HONOAPIILANI R
LAHAINA,HI96761 		    UNRESTRICTED 2,000

NATIONAL FISH AND WILDLIFE FOUNDATI

1625 EYE STREET NW SUITE
WASHINGTON,DC20006 		    PROJECT SUPPORT 150,000

NATIONAL FOREST FOUNDATION

BLDG 27 SUITE 3 FORT M
MISSOULA,MT598040000 		    PROJECT SUPPORT 125,000

NATIONAL TRUST FOR LOCAL NEWS

405 WALTHAM STREET 319
LEXINGTON,MA02421 		    PROJECT SUPPORT 50,000

NATIONAL WILDLIFE FEDERATION

11100 WILDLIFE CENTER DRI
RESTON,VA20190 		    PROJECT SUPPORT 40,000

NATIONAL WILDLIFE FEDERATION

11100 WILDLIFE CENTER DRI
RESTON,VA20190 		    PROJECT SUPPORT 50,000

NATIONAL WILDLIFE FEDERATION

11100 WILDLIFE CENTER DRI
RESTON,VA20190 		    CONSTRUCTION 45,000

NATIVE AMERICAN RIGHTS FUND

250 ARAPAHOE AVE
BOULDER,CO80302 		    PROJECT SUPPORT 75,000

NATURE CONSERVANCY

2424 SPRUCE STREET
BOULDER,CO80302 		    PROJECT SUPPORT 50,000

NEW LEGACY CHARTER HIGH SCHOOL

2091 DAYTON ST
AURORA,CO80010 		    OTHER 20,000

NEW VENTURE FUND

1828 L STREET NW SUITE 30
WASHINGTON,DC200365109 		    PROJECT SUPPORT 50,000

NORTH HAWAII HOSPICE INC

65-1328 KAWAIHAE ROAD
KAMUELA,HI96743 		    UNRESTRICTED 8,000

NORTH PARK FIRE RESCUE AUTHORITY

513 HARRISON STREET
WALDEN,CO80480 		    PROJECT SUPPORT 80,000

NORTHERN CHAFFEE COUNTY LIBRARY DIS

PO BOX 2019
BUENA VISTA,CO81211 		    CONSTRUCTION 30,000

NOURISH COLORADO

501 SOUTH CHERRY STREET
DENVER,CO80246 		    PROJECT SUPPORT 30,000

OGALLALA COMMONS INC

919 MAIN STREET
SPRINGFIELD,CO81073 		    PROJECT SUPPORT 50,000

ONWARD A LEGACY FOUNDATION

PO BOX 26
CORTEZ,CO81321 		    PROJECT SUPPORT 50,000

ONWARD A LEGACY FOUNDATION

PO BOX 26
CORTEZ,CO81321 		    RENOVATION 40,000

ONWARD A LEGACY FOUNDATION

PO BOX 26
CORTEZ,CO81321 		    BUILDING PURCHASE 50,000

OPERA STEAMBOAT

PO BOX 775576
STEAMBOAT SPRINGS,CO804775576 		    UNRESTRICTED 15,000

OUTREACH UNITED RESOURCE CENTER INC

220 COLLYER STREET
LONGMONT,CO80501 		    CONSTRUCTION 30,000

PARKER SCHOOL

65-1224 LINDSEY ROAD
KAMUELA,HI96743 		    PROJECT SUPPORT 50,000

PEAK EDUCATION

1645 SOUTH MURRAY BLVD
COLORADO SPRINGS,CO80916 		    CONSTRUCTION 60,000

PENINSULA OPEN SPACE TRUST

222 HIGH STREET
PALO ALTO,CA94301 		    UNRESTRICTED 15,000

PHILANTHROPIC VENTURES FOUNDATION

1222 PRESERVATION PARK WA
OAKLAND,CA946121201 		    PROJECT SUPPORT 5,000

PILCHUCK GLASS SCHOOL

240 2ND AVE S SUITE 100
SEATTLE,WA98104 		    UNRESTRICTED 10,921

POLYNESIAN VOYAGING SOCIETY

10 SAND ISLAND PARKWAY
HONOLULU,HI96819 		    UNRESTRICTED 2,000

PORTLAND CHILD ART STUDIO

8648 NW OGDEN STREET
PORTLAND,OR97231 		    UNRESTRICTED 2,000

PRATT FINE ARTS CENTER

1902 SOUTH MAIN STREET
SEATTLE,WA98144 		    UNRESTRICTED 5,000

PRESBYTERIAN MO-RANCH ASSEMBLY

2229 FM 1340
HUNT,TX780243037 		    PROJECT SUPPORT 10,000

PRESIDENT AND FELLOWS OF HARVARD CO

PO BOX 415649
CAMBRIDGE,MA021385366 		    SCHOLARSHIPS/FELLOWSHIPS 121,500

PREVENT UNWANTED PETS

PO BOX 153
CAT SPRING,TX77474 		    UNRESTRICTED 12,000

PRODIGY VENTURES INC

3801 E 40TH AVE
DENVER,CO802053845 		    BUILDING PURCHASE 30,000

PROJECT RESTART INC

1903 SOUTH GRANT STREET
DENVER,CO80236 		    PROJECT SUPPORT 40,000

PUBLIC EDUCATION & BUSINESS COALITI

3607 MARTIN LUTHER KING B
DENVER,CO80205 		    PROJECT SUPPORT 40,000

PUNAHOU SCHOOL

1601 PUNAHOU STREET
HONOLULU,HI96822 		    SCHOLARSHIPS/FELLOWSHIPS 30,000

QUEENS NORTH HAWAII COMMUNITY HOSPI

C/O FUND DEVELOPMENT 67-1
KAMUELA,HI96743 		    UNRESTRICTED 3,000

RALSTON HOUSE

10795 WEST 58TH AVE
ARVADA,CO80002 		    REMODELING 35,000

RECOVERY CAFE LONGMONT

402 KIMBARK STREET
LONGMONT,CO80501 		    RENOVATION 25,000

REDLINE

2350 ARAPAHOE STREET
DENVER,CO80205 		    PROJECT SUPPORT 30,000

REGIS JESUIT HIGH SCHOOL

6400 SOUTH LEWISTON WAY
AURORA,CO80016 		    SCHOLARSHIPS/FELLOWSHIPS 33,000

REHABILITATION HOSPITAL OF THE PACI

226 NORTH KUAKINI STREET
HONOLULU,HI968172498 		    UNRESTRICTED 10,000

REPORTERS COMMITTEE FOR FREEDOM OF

PO BOX 34176
WASHINGTON,DC20043 		    PROJECT SUPPORT 25,000

RESCHOOL

865 ALBION STREET SUITE
DENVER,CO80220 		    PROJECT SUPPORT 10,000

RIM COUNTRY ROTARY CLUB FOUNDATION

PO BOX 703
PAYSON,AZ85547 		    UNRESTRICTED 5,371

RIO GRANDE HEADWATERS LAND TR A COL

PO BOX 444
DEL NORTE,CO81132 		    LAND PURCHASE 200,000

RISE COLORADO

1595 ELMIRA ST
AURORA,CO800102115 		    PROJECT SUPPORT 50,000

RIVER NETWORK

PO BOX 21387
BOULDER,CO80308 		    PROJECT SUPPORT 250,000

ROCKY MOUNTAIN MICROFINANCE INSTITU

1209 W 10TH AVE
DENVER,CO80204 		    PROJECT SUPPORT 25,000

ROCKY MOUNTAIN PUBLIC MEDIA INC

2101 ARAPAHOE ST
DENVER,CO802052510 		    PROJECT SUPPORT 50,000

ROCKY MOUNTAIN PUBLIC MEDIA INC

2101 ARAPAHOE ST
DENVER,CO802052510 		    OPERATING 20,000

RONALD MCDONALD HOUSE CHARITIES OF

PO BOX 61777
HONOLULU,HI968391777 		    UNRESTRICTED 8,000

ROOTED

3000 LAWRENCE STREET SUIT
DENVER,CO80204 		    OPERATING 400,000

ROOTS FAMILY CENTER

4200 MORRISON ROAD UNIT
DENVER,CO80219 		    BUILDING PURCHASE 30,000

ROSE COMMUNITY FOUNDATION

4500 CHERRY CREEK DRIVE S
DENVER,CO802460000 		    PROJECT SUPPORT 50,000

ROSE COMMUNITY FOUNDATION

4500 CHERRY CREEK DRIVE S
DENVER,CO802460000 		    PROJECT SUPPORT 383,333

ROSHNI

10918 EAST CRESTRIDGE CIR
ENGLEWOOD,CO80111 		    RENOVATION 30,000

ROUTT COUNTY SEARCH AND RESCUE INC

PO BOX 772837
STEAMBOAT SPRINGS,CO80477 		    UNRESTRICTED 15,000

SALIDA MONTESSORI CHARTER SCHOOL IN

340 EAST 5TH STREET
SALIDA,CO81201 		    CONSTRUCTION 20,000

SALT AND LIGHT TOGETHER INC

1000 PENN STREET
FORT WORTH,TX76102 		    PROJECT SUPPORT 10,656

SAN LUIS VALLEY LOCAL FOODS COALITI

PO BOX 181
ALAMOSA,CO81101 		    EQUIPMENT/FURNISHINGS 20,000

SAND CREEK REGIONAL GREENWAY PARTNE

3990 ULSTER STREET
DENVER,CO80207 		    CONSTRUCTION 50,000

SAVE THE CHIMPS INC

PO BOX 12220
FT PEARCE,FL34979 		    UNRESTRICTED 14,000

SHRINERS HOSPITALS FOR CHILDREN - H

1310 PUNAHOU STREET
HONOLULU,HI96826 		    UNRESTRICTED 4,000

SIERRA BUTTES TRAIL STEWARDSHIP

550 CRESCENT STREET
QUINCY,CA95971 		    UNRESTRICTED 4,000

SMARTYPANTS INC

50320 BUCK MOUNTAIN LANE
STEAMBOAT SPRINGS,CO80487 		    UNRESTRICTED 20,000

SOCIETY OF METABOLIC HEALTH PRACTIT

13833 HAWKSNEST BAY DRIVE
CORPUS CRISTI,TX78418 		    RESEARCH 25,000

SOLID ROCK COMMUNITY DEVELOPMENT CO

2520 ARLINGTON DRIVE
COLORADO SPRINGS,CO80910 		    RENOVATION 75,000

SONORAN INSTITUTE INC

5049 EAST BROADWAY BOULEV
TUCSON,AZ85711 		    PROJECT SUPPORT 60,000

SOUTH PARK RAIL SOCIETY

2065 SICILY CIRCLE
LONGMONT,CO80503 		    BUILDING PURCHASE 15,000

SOUTHEAST COLORADO CREATIVE PARTNER

422 SAN JUAN AVE
LA JUNTA,CO810502352 		    RENOVATION 35,000

SOUTHERN UTE INDIAN TRIBAL COUNCIL

398 OURAY DRIVE PO BOX
IGNACIO,CO81137 		    PROJECT SUPPORT 60,000

SOUTHERN UTE INDIAN TRIBAL COUNCIL

398 OURAY DRIVE PO BOX
IGNACIO,CO81137 		    CONSTRUCTION 20,000

SOUTHERN UTE INDIAN TRIBAL COUNCIL

398 OURAY DRIVE PO BOX
IGNACIO,CO81137 		    CONSTRUCTION 6,500

SPANISH PEAKS COMMUNITY FOUNDATION

715 MAIN ST
WALSENBURG,CO81089 		    RENOVATION 40,000

SPREADING THREADS CLOTHING BANK

2945 N FLOWING WELLS
TUCSON,AZ85705 		    UNRESTRICTED 3,750

ST ANTHONY FOUNDATION

150 GOLDEN GATE AVE
SAN FRANCISCO,CA94102 		    UNRESTRICTED 4,000

STANFORD HEALTH CARE 227

HOOVER PAVILION 211 QUARR
PALO ALTO,CA94304 		    UNRESTRICTED 2,000

STARTUP COLORADO

PO BOX 607
FRUITA,CO81521 		    GENERAL OPERATING SUPPORT 55,000

STARTUP COLORADO

PO BOX 607
FRUITA,CO81521 		    OPERATING 35,000

STATE HISTORICAL SOCIETY OF COLORAD

1200 BROADWAY
DENVER,CO802030000 		    PROJECT SUPPORT 100,000

STATE OF COLORADO - DEPARTMENT OF L

1341 SHERMAN STREET
DENVER,CO80203 		    PROJECT SUPPORT 25,000

STATE OF COLORADO - DEPARTMENT OF L

1341 SHERMAN STREET
DENVER,CO80203 		    PROJECT SUPPORT 25,000

STEAMBOAT ART MUSEUM

PO BOX775301
STEAMBOAT SPRINGS,CO80477 		    UNRESTRICTED 25,000

STEAMBOAT HEALTH & RECREATION ASSOC

PO BOX 771211
STEAMBOAT SPRINGS,CO80477 		    UNRESTRICTED 15,000

STEAMBOAT READING INC

100 PARK AVE SUITE 203
STEAMBOAT,CO80487 		    UNRESTRICTED 20,000

STEP SPRINGS

4525 NORTHPARK DRIVE
COLORADO SPRINGS,CO80918 		    CONSTRUCTION 38,119

STRINGS MUSIC FESTIVAL

PO BOX 774627
STEAMBOAT SPRINGS,CO804774627 		    UNRESTRICTED 20,000

STRUGGLE OF LOVE FOUNDATION

12000 EAST 47TH AVE 40
DENVER,CO80239 		    CONSTRUCTION 50,000

SUMMIT COMMUNITY CARE CLINIC INC

PO BOX 4337
FRISCO,CO80443 		    RENOVATION 20,000

TABOR OPERA HOUSE PRESERVATION FOUN

PO BOX 1004
LEADVILLE,CO80461 		    CONSTRUCTION 40,000

TAHOE AREA MOUNTAIN BIKE ASSOCIATIO

PO BOX 13712
SOUTH LAKE TAHOE,CA96151 		    UNRESTRICTED 10,000

TAHOE RIM TRAIL ASSOCIATION

PO BOX 3267
STATELINE,NV89449 		    UNRESTRICTED 5,000

TEACH FOR AMERICA INC

1312 17TH STREET UNIT 23
DENVER,CO80202 		    PROJECT SUPPORT 50,000

TEACH PLUS INCORPORATED

1 BEACON STREET 15TH FLO
BOSTON,MA02108 		    PROJECT SUPPORT 50,000

TEACHING WELL INC

360 GRAND AVE 77
OAKLAND,CA94610 		    PROJECT SUPPORT 50,000

TECHNICAL ASSISTANCE OF ARIZONA (TA

2020 NORTH CENTRAL AVE S
PHOENIX,AZ85004 		    PROJECT SUPPORT 50,000

TECHNICAL ASSISTANCE OF ARIZONA (TA

2020 NORTH CENTRAL AVE S
PHOENIX,AZ85004 		    OPERATING 15,000

TEENS INC

PO BOX 1070
NEDERLAND,CO80466 		    CONSTRUCTION 40,000

THE BATON ROUGE AREA FOUNDATION

3014 DAUPHINE STREET STA
NEW ORLEANS,LA70117 		    PROJECT SUPPORT 62,000

THE COLORADO MUSEUM OF NATURAL HIST

2001 COLORADO BOULEVARD
DENVER,CO802055798 		    PROJECT SUPPORT 35,000

THE KOHALA CENTER INC

PO BOX 437462
KAMUELA,HI96743 		    UNRESTRICTED 7,500

THE NEW HORIZONS FOUNDATION INC

731 CHAPEL HILLS DRIVE
COLORADO SPRINGS,CO80920 		    UNRESTRICTED 25,000

THE OUTDOOR CIRCLE

PO BOX 6144
KAMUELA,HI96743 		    UNRESTRICTED 8,000

THE PARK PEOPLE

450 DECATUR STREET
DENVER,CO80204 		    PROJECT SUPPORT 50,000

THE POWERHOUSE

1333 CAMINO DEL RIO
DURANGO,CO813015167 		    CONSTRUCTION 40,000

THRIVING FAMILIES

191 YUMA STREET
DENVER,CO80223 		    RENOVATION 20,000

TIGRAY-ETHIOPIAN COMMUNITYASSOCIATI

11181 EAST MISSISSIPPI AV
AURORA,CO80012 		    PROJECT SUPPORT 20,000

TONTO RIM SEARCH AND RESCUE SQUAD I

PO BOX 357
PINE,AZ85544 		    UNRESTRICTED 15,000

TOWN OF CRAIG

590 YAMPA AVE
CRAIG,CO81625 		    UNRESTRICTED 20,000

TOWN OF LA VETA

PO BOX 174
LA VETA,CO81055 		    CONSTRUCTION 30,000

TOWN OF LAKE CITY

PO BOX 544
LAKE CITY,CO81235 		    CONSTRUCTION 20,000

TOWN OF SILVER PLUME

710 MAIN ST PO DRAWER F
SILVER PLUME,CO80476 		    PROJECT SUPPORT 50,000

TRANSFORMATIVE LEADERSHIP FOR CHANG

PO BOX 9038
DENVER,CO80209 		    OPERATING 45,000

TREAD OF PIONEERS HISTORICAL COMMIS

PO BOX 772372
STEAMBOAT SPRINGS,CO80477 		    UNRESTRICTED 25,000

TROUT UNLIMITED INC

1700 N MOORE STREET SUI
ARLINGTON,VA22209 		    PROJECT SUPPORT 75,000

TRUCKEE DIRT UNION

PO BOX 3533
TRUCKEE,CA96160 		    UNRESTRICTED 3,656

TRUST FOR PUBLIC LAND

1410 GRANT STREET SUITE
DENVER,CO80203 		    LANDSCAPING 50,000

TURPENTINE CREEK FOUNDATION INC

239 TURPENTINE CREEK LANE
EUREKA SPRINGS,AR72632 		    UNRESTRICTED 14,000

UNITED ALLIANCE FOR AFRICAN COMMUNI

PO BOX 18098
DENVER,CO80218 		    OTHER 25,000

UNITED PLANT SAVERS

PO BOX 147
RUTLAND,OH45775 		    UNRESTRICTED 2,500

UNITED STATES ENDOWMENT FOR FORESTR

6410 RUFFIN ROAD
CHEVY CHASE,MD20815 		    TECHNICAL ASSISTANCE 10,300

UNIVERSITY OF CALIFORNIA SAN FRANCI

BOX 45339
SAN FRANCISCO,CA941450339 		    RESEARCH 2,000

UNIVERSITY OF COLORADO FOUNDATION

1800 GRANT STREET SUITE
DENVER,CO80203 		    PROJECT SUPPORT 20,000,000

UNIVERSITY OF COLORADO FOUNDATION

1800 GRANT STREET SUITE
DENVER,CO80203 		    PROJECT SUPPORT 50,000

UNIVERSITY OF COLORADO FOUNDATION

1800 GRANT STREET SUITE
DENVER,CO80203 		    RESEARCH 40,000

UNIVERSITY OF COLORADO FOUNDATION

1800 GRANT STREET SUITE
DENVER,CO80203 		    RESEARCH 50,000

UNIVERSITY OF COLORADO FOUNDATION

1800 GRANT STREET SUITE
DENVER,CO80203 		    RESEARCH 100,000

UNIVERSITY OF COLORADO FOUNDATION

1800 GRANT STREET SUITE
DENVER,CO80203 		    RESEARCH 50,000

UNIVERSITY OF DENVER

2199 SOUTH UNIVERSITY BLV
DENVER,CO80210 		    PROJECT SUPPORT 35,000

UNIVERSITY OF NEVADA-RENO FOUNDATIO

UNR INNOVATION CENTER 450
RENO,NV89501 		    PROJECT SUPPORT 14,000

UNIVERSITY OF NORTHERN COLORADO FOU

JUDY FARR CENTER 1620 RES
GREELEY,CO80631 		    PROJECT SUPPORT 50,000

UTE MOUNTAIN UTE TRIBAL GOVERNMENT

BOX 238 450 SUNSET BLVD
TOWAOC,CO81334 		    PROJECT SUPPORT 40,000

UTE MOUNTAIN UTE TRIBE

125 MIKE WASH ROAD
TOWAOC,CO81334 		    CONSTRUCTION 20,000

UTE MOUNTAIN UTE TRIBE

125 MIKE WASH ROAD
TOWAOC,CO81334 		    PROJECT SUPPORT 30,000

UTE MOUNTAIN UTE TRIBE

125 MIKE WASH ROAD
TOWAOC,CO81334 		    CONSTRUCTION 6,500

VALLEY SETTLEMENT

1901 GRAND AVE SUITE 20
GLENWOOD SPRINGS,CO81601 		    BUILDING PURCHASE 50,000

VILLAGE INSTITUTE INC

PO BOX 261
AURORA,CO80040 		    RENOVATION 15,000

W I COOK FOUNDATION INC

801 7TH AVE
FORT WORTH,TX76104 		    RESEARCH 10,000

WAKE FOREST UNIVERSITY

PO BOX 7227
WINSTONSALEM,NC27109 		    UNRESTRICTED 6,000

WATER FOUNDATION

3335 WATT AVE SUITE B P
SACRAMENTO,CA95821 		    PROJECT SUPPORT 75,000

WE FORTIFY

1816 WOOD AVE
COLORADO SPRINGS,CO809077357 		    CONSTRUCTION 40,000

WELLSPRING COMMUNITY

826 PARK STREET SUITE 20
CASTLE ROCK,CO80109 		    RENOVATION 25,000

WEST COMMUNITY ECONOMIC DEVELOPMENT

4200 MORRISON RD UNIT 3
DENVER,CO80219 		    PROJECT SUPPORT 20,000

WEST COMMUNITY ECONOMIC DEVELOPMENT

4200 MORRISON RD UNIT 3
DENVER,CO80219 		    PROJECT SUPPORT 35,000

WEST COMMUNITY ECONOMIC DEVELOPMENT

4200 MORRISON RD UNIT 3
DENVER,CO80219 		    CONSTRUCTION 40,000

WESTERN COLORADO ALLIANCE

601 NORTH 1ST STREET
GRAND JUNCTION,CO81501 		    PROJECT SUPPORT 25,000

WESTERN RESOURCE ADVOCATES

1401 WALNUT STREET STE 2
BOULDER,CO803027720 		    GENERAL OPERATING SUPPORT 50,000

WHEAT RIDGE 2020 INC

PO BOX 346
WHEAT RIDGE,CO80034 		    CONSTRUCTION 15,000

WILDFLOWER MONTESSORI PUBLIC SCHOOL

1330 SOUTH POTOMAC STREET
AURORA,CO80012 		    PROJECT SUPPORT 15,000

WILLIAM J PALMER PARKS FOUNDATION I

PO BOX 1281
COLORADO SPGS,CO809011281 		    PROJECT SUPPORT 150,000

WOMENSHELTER OF LONG BEACH

PO BOX 17098
LONG BEACH,CA90807 		    PROJECT SUPPORT 10,000

WORLD WILDLIFE FUND INC

1250 24TH ST NW
WASHINGTON,DC20037 		    PROJECT SUPPORT 20,000

YAMPA VALLEY AUTISM PROGRAM

PO BOX 771824
STEAMBOAT SPRINGS,CO80477 		    RENOVATION 20,000

YAMPA VALLEY COMMUNITY FOUNDATION

348 OAK STREET
STEAMBOAT SPRINGS,CO80487 		    UNRESTRICTED 25,000

YAMPA VALLEY SUSTAINABILITY COUNCIL

PO BOX 770704
STEAMBOAT SPRINGS,CO80477 		    OPERATING 30,000

YAMPA VALLEY SUSTAINABILITY COUNCIL

PO BOX 770704
STEAMBOAT SPRINGS,CO80477 		    BUILDING PURCHASE 35,000

YAMPATIKA OUTDOOR AWARENESS ASSOCIA

925 WEISS DRIVE
STEAMBOAT SPRINGS,CO80487 		    UNRESTRICTED 20,000

YMCA OF SOUTHERN ARIZONA

60 WEST ALAMEDA STREET
TUCSON,AZ85701 		    UNRESTRICTED 11,970

YOUNG MENS CHRISTIAN ASSOCIATION OF

3605 LONG BEACH BLVD SUI
LONG BEACH,CA90807 		    PROJECT SUPPORT 25,000

YOUNG MENS CHRISTIAN ASSOCIATION OF

3605 LONG BEACH BLVD SUI
LONG BEACH,CA90807 		    PROJECT SUPPORT 50,000

YUMA COUNTY ECONOMIC DEVELOPMENT CO

910 SOUTH MAIN STREET
YUMA,CO80759 		    RENOVATION 10,000
Total ................................. 3a 36,321,327
bApproved for future payment

ACT OUT THEATRE COMPANY
3299 WALNUT AVE
DENVER,CO80205 		    PROJECT SUPPORT 10,000

AMERICA SUCCEEDS
1390 LAWRENCE ST STE 200
DENVER,CO802042081 		    PROJECT SUPPORT 152,500

AMERICA SUCCEEDS
1390 LAWRENCE ST STE 200
DENVER,CO802042081 		    PROJECT SUPPORT 167,000

AMERICA SUCCEEDS
1390 LAWRENCE ST STE 200
DENVER,CO802042081 		    PROJECT SUPPORT 162,000

AMERICA SUCCEEDS
1390 LAWRENCE ST STE 200
DENVER,CO802042081 		    PROJECT SUPPORT 157,000

CALIFORNIA INSTITUTE OF TECHNOLOGY
1200 E CALIFORNIA BLVDM
PASADENA,CA91125 		    PROJECT SUPPORT 2,000,000

CALIFORNIA INSTITUTE OF TECHNOLOGY
1200 E CALIFORNIA BLVDM
PASADENA,CA91125 		    PROJECT SUPPORT 2,000,000

CALIFORNIA INSTITUTE OF TECHNOLOGY
1200 E CALIFORNIA BLVDM
PASADENA,CA91125 		    PROJECT SUPPORT 3,000,000

CALIFORNIA INSTITUTE OF TECHNOLOGY
1200 E CALIFORNIA BLVDM
PASADENA,CA91125 		    PROJECT SUPPORT 4,000,000

CARDIGAN MOUNTAIN SCHOOL
62 ALUMNI DR
CANAAN,NH037417210 		    ENDOWMENT 1,000,000

CARDIGAN MOUNTAIN SCHOOL
62 ALUMNI DR
CANAAN,NH037417210 		    ENDOWMENT 1,000,000

CATE SCHOOL
PO BOX 5005
CARPINTERIA,CA930145005 		    SCHOLARSHIPS/FELLOWSHIPS 25,000

CATE SCHOOL
PO BOX 5005
CARPINTERIA,CA930145005 		    SCHOLARSHIPS/FELLOWSHIPS 25,000

CATE SCHOOL
PO BOX 5005
CARPINTERIA,CA930145005 		    SCHOLARSHIPS/FELLOWSHIPS 25,000

CITY OF STEAMBOAT SPRINGS
PO BOX 775088
STEAMBOAT SPRINGS,CO80477 		    LAND PURCHASE 50,000

CIVIC NEWS COMPANY
C/O CIVIC NEWS COMPANY450
NEW YORK,NY112300434 		    GENERAL OPERATING SUPPORT 50,000

COLORADO ASSOCIATION OF BLACK PROF
PO BOX 200508
DENVER,CO80220 		    BUILDING PURCHASE 30,000

COLORADO CHILDRENS CAMPAIGN INC
1700 BROADWAY 840
DENVER,CO80290 		    PROJECT SUPPORT 75,000

COLORADO COALITION OF LAND TRUSTS
PO 16280
GOLDEN,CO80402 		    PROJECT SUPPORT 150,000

COLORADO COALITION OF LAND TRUSTS
PO 16280
GOLDEN,CO80402 		    PROJECT SUPPORT 125,000

COLORADO COALITION OF LAND TRUSTS
PO 16280
GOLDEN,CO80402 		    PROJECT SUPPORT 100,000

COLORADO COMMUNITY COLLEGE SYSTEM F
9101 EAST LOWRY BLVD
DENVER,CO80230 		    PROJECT SUPPORT 90,000

COLORADO EDUCATION INITIATIVE
3000 LAWRENCE STREET BOX
DENVER,CO80205 		    PROJECT SUPPORT 75,000

COLORADO IMMIGRANT RIGHTS COALITION
2525 W ALAMEDA AVE
DENVER,CO80219 		    OPERATING 20,000

COLORADO LEAGUE OF CHARTER SCHOOLS
104 NORTH BROADWAY SUITE
DENVER,CO80203 		    PROJECT SUPPORT 75,000

COLORADO SCHOOLS FUND
1390 LAWRENCE STREET SUI
DENVER,CO80204 		    PROJECT SUPPORT 300,000

COLORADO SCHOOLS FUND
1390 LAWRENCE STREET SUI
DENVER,CO80204 		    PROJECT SUPPORT 325,000

COLORADO SCHOOLS FUND
1390 LAWRENCE STREET SUI
DENVER,CO80204 		    PROJECT SUPPORT 325,000

COLORADO STATE UNIVERSITY FOUNDATIO
1475 CAMPUS DELIVERY
FORT COLLINS,CO80523 		    PROJECT SUPPORT 100,000

COLORADO STATE UNIVERSITY FOUNDATIO
PO BOX 1870
FORT COLLINS,CO80522 		    CONSTRUCTION 50,000

COMMUNITY ARTS STABILIZATION
1245 CHAMPA STREET
DENVER,CO80204 		    PROJECT SUPPORT 45,000

COMMUNITY BUILDERS
PO BOX 3128
GLENWOOD SPRINGS,CO81602 		    PROJECT SUPPORT 90,000

COMMUNITY RESOURCE CENTER INC
789 N SHERMAN ST STE 210
DENVER,CO802033530 		    PROJECT SUPPORT 25,000

COMMUNITY RESOURCE CENTER INC
789 N SHERMAN ST STE 210
DENVER,CO802033530 		    PROJECT SUPPORT 25,000

CULINARIANS HELPING ENTREPRENEURIAL
3280 SOUTH HOYT WAY
LAKEWOOD,CO80227 		    RENOVATION 15,000

CULTIVANDO
PO BOX 644
EASTLAKE,CO80614 		    BUILDING PURCHASE 50,000

DENVER ZOOLOGICAL FOUNDATION INC
2300 STEELE STREET
DENVER,CO80205 		    CONSTRUCTION 30,000

ELEVATION COMMUNITY LAND TRUST
1114 W 7TH AVE SUITE 101
DENVER,CO802040000 		    PROJECT SUPPORT 200,000

ELEVATION COMMUNITY LAND TRUST
1114 W 7TH AVE SUITE 101
DENVER,CO802040000 		    PROJECT SUPPORT 200,000

ELEVATION COMMUNITY LAND TRUST
1114 W 7TH AVE SUITE 101
DENVER,CO802040000 		    PROJECT SUPPORT 100,000

ELEVATION COMMUNITY LAND TRUST
1114 W 7TH AVE SUITE 101
DENVER,CO802040000 		    PROJECT SUPPORT 100,000

EMPOWER SCHOOLS INC
265 FRANKLIN STREET SUIT
BOSTON,MA02110 		    PROJECT SUPPORT 75,000

ENTERPRISE COMMUNITY PARTNERS INC
70 CORPORATE CENTER11000
COLUMBIA,MD21044 		    PROJECT SUPPORT 45,000

FOOD BANK OF THE ROCKIES
10700 E 45TH AVENUE
DENVER,CO80239 		    CONSTRUCTION 50,000

GRACE VILLAGE
PO BOX 918
WELLINGTON,CO80549 		    CONSTRUCTION 15,000

HADANOU COLLECTIVE
3533 NORTH MAIN STREET
DENVER,CO80205 		    PROJECT SUPPORT 40,000

INSTITUTE FOR NONPROFIT NEWS
1209 MOUNTAIN ROAD PL NE
ALBUQUERQUE,NM87110 		    GENERAL OPERATING SUPPORT 40,000

INSTITUTE FOR NONPROFIT NEWS
1209 MOUNTAIN ROAD PL NE
ALBUQUERQUE,NM87110 		    GENERAL OPERATING SUPPORT 40,000

JAMES IRWIN CHARTER SCHOOLS
5525 ASTROZON BLVD
COLORADO SPRINGS,CO80916 		    RENOVATION 25,000

JEFFCO ACTION CENTER INC
8755 W 14TH AVENUE
LAKEWOOD,CO80215 		    RENOVATION 50,000

LATINO LEADERSHIP INSTITUTE
2679 WEST MAIN STREET SU
LITTLETON,CO80120 		    PROJECT SUPPORT 40,000

LONG BEACH RESCUE MISSION
1430 PACIFIC AVE
LONG BEACH,CA90813 		    CAPITAL FUND SUPPORT 50,000

LONG BEACH SYMPHONY ASSOCIATION
249 EAST OCEAN BLVD SUIT
LONG BEACH,CA90802 		    UNRESTRICTED 10,000

MEALS ON WHEELS OF LONG BEACH INC
PO BOX 15688
LONG BEACH,CA90815 		    UNRESTRICTED 10,000

MESA COUNTY LAND CONSERVANCY INC
1006 MAIN ST
GRAND JCT,CO815013541 		    PROJECT SUPPORT 100,000

MESA COUNTY LAND CONSERVANCY INC
1006 MAIN ST
GRAND JCT,CO815013541 		    PROJECT SUPPORT 75,000

MESA COUNTY LAND CONSERVANCY INC
1006 MAIN ST
GRAND JCT,CO815013541 		    LAND PURCHASE 125,000

METRO CARING
1100 E 18TH AVENUE
DENVER,CO80203 		    CONSTRUCTION 50,000

MONTEZUMA LAND CONSERVANCY
PO BOX 1522
CORTEZ,CO81321 		    PROJECT SUPPORT 150,000

MONTEZUMA LAND CONSERVANCY
PO BOX 1522
CORTEZ,CO81321 		    PROJECT SUPPORT 100,000

MONTEZUMA LAND CONSERVANCY
PO BOX 1522
CORTEZ,CO81321 		    PROJECT SUPPORT 50,000

NATIONAL FISH AND WILDLIFE FOUNDATI
1625 EYE STREET NW SUITE
WASHINGTON,DC20006 		    PROJECT SUPPORT 150,000

NATIONAL WILDLIFE FEDERATION
11100 WILDLIFE CENTER DRI
RESTON,VA20190 		    PROJECT SUPPORT 50,000

NATIONAL WILDLIFE FEDERATION
11100 WILDLIFE CENTER DRI
RESTON,VA20190 		    PROJECT SUPPORT 40,000

NATIVE AMERICAN RIGHTS FUND
250 ARAPAHOE AVE
BOULDER,CO80302 		    PROJECT SUPPORT 75,000

NOURISH COLORADO
501 SOUTH CHERRY STREET
DENVER,CO80246 		    PROJECT SUPPORT 30,000

PRESIDENT AND FELLOWS OF HARVARD CO
PO BOX 415649
CAMBRIDGE,MA021385366 		    SCHOLARSHIPS/FELLOWSHIPS 121,500

PRESIDENT AND FELLOWS OF HARVARD CO
PO BOX 415649
CAMBRIDGE,MA021385366 		    SCHOLARSHIPS/FELLOWSHIPS 121,500

PUBLIC BROADCASTING OF COLORADO INC
7409 S ALTON CT
CENTENNIAL,CO80112 		    CONSTRUCTION 75,000

PUBLIC BROADCASTING OF COLORADO INC
7409 S ALTON CT
CENTENNIAL,CO80112 		    CONSTRUCTION 75,000

PUBLIC BROADCASTING OF COLORADO INC
7409 S ALTON CT
CENTENNIAL,CO80112 		    CONSTRUCTION 75,000

REPORTERS COMMITTEE FOR FREEDOM OF
PO BOX 34176
WASHINGTON,DC20043 		    PROJECT SUPPORT 25,000

RISE COLORADO
1595 ELMIRA ST
AURORA,CO800102115 		    PROJECT SUPPORT 50,000

ROSE COMMUNITY FOUNDATION
4500 CHERRY CREEK DRIVE S
DENVER,CO802460000 		    PROJECT SUPPORT 333,334

ROSE COMMUNITY FOUNDATION
4500 CHERRY CREEK DRIVE S
DENVER,CO802460000 		    PROJECT SUPPORT 283,333

SAND CREEK MASSACRE FOUNDATION
1301 MAINE ST PO BOX 249
EADS,CO81036 		    OTHER 40,000

STARTUP COLORADO
PO BOX 607
FRUITA,CO81521 		    GENERAL OPERATING SUPPORT 55,000

STATE HISTORICAL SOCIETY OF COLORAD
1200 BROADWAY
DENVER,CO802030000 		    PROJECT SUPPORT 50,000

TEACH PLUS INCORPORATED
1 BEACON STREET 15TH FLO
BOSTON,MA02108 		    PROJECT SUPPORT 50,000

TECHNICAL ASSISTANCE OF ARIZONA (TA
2020 NORTH CENTRAL AVE S
PHOENIX,AZ85004 		    PROJECT SUPPORT 50,000

TECHNICAL ASSISTANCE OF ARIZONA (TA
2020 NORTH CENTRAL AVE S
PHOENIX,AZ85004 		    PROJECT SUPPORT 50,000

THE COLORADO MUSEUM OF NATURAL HIST
2001 COLORADO BOULEVARD
DENVER,CO802055798 		    PROJECT SUPPORT 35,000

TRANSFORMATIVE LEADERSHIP FOR CHANG
PO BOX 9038
DENVER,CO80209 		    OPERATING 20,000

TRANSFORMATIVE LEADERSHIP FOR CHANG
PO BOX 9038
DENVER,CO80209 		    OPERATING 20,000

TREES WATER AND PEOPLE
633 REMINGTON STREET
FORT COLLINS,CO80524 		    PROJECT SUPPORT 40,000

TREES WATER AND PEOPLE
633 REMINGTON STREET
FORT COLLINS,CO80524 		    PROJECT SUPPORT 40,000

TREES WATER AND PEOPLE
633 REMINGTON STREET
FORT COLLINS,CO80524 		    PROJECT SUPPORT 40,000

UNIVERSITY OF COLORADO FOUNDATION
1800 GRANT STREET SUITE
DENVER,CO80203 		    PROJECT SUPPORT 20,000,000

UNIVERSITY OF COLORADO FOUNDATION
1800 GRANT STREET SUITE
DENVER,CO80203 		    PROJECT SUPPORT 50,000

UNIVERSITY OF DENVER
2199 SOUTH UNIVERSITY BLV
DENVER,CO80210 		    PROJECT SUPPORT 35,000

UTE MOUNTAIN UTE TRIBAL GOVERNMENT
BOX 238450 SUNSET BLVD
TOWAOC,CO81334 		    CONSTRUCTION 50,000

WESTERN COLORADO ALLIANCE
601 NORTH 1ST STREET
GRAND JUNCTION,CO81501 		    PROJECT SUPPORT 25,000

WESTERN RESOURCE ADVOCATES
1401 WALNUT STREET STE 2
BOULDER,CO803027720 		    GENERAL OPERATING SUPPORT 100,000

STEAMBOAT FIRE FOUNDATION
1575 CLUBHOUSE DRIVE
STEAMBOAT SPRINGS,CO80487 		    PROJECT SUPPORT 25,000
Total ................................. 3b 39,963,167
Form 990-PF (2025)
Form 990-PF (2025)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 386,470  
4 Dividends and interest from securities ....     14 3,691,180  
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 .....     18 3,899,469  
8 Gain or (loss) from sales of assets other than
inventory ............ 		523000 10,991 18 27,245,605  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aREVERSE BLACKROCK BOOK REV 		    18 -1,275,372  
bREVERSE BOOK REV PER BOOKS     18 -892,925  
cUBTI PARTNERSHIP INCOME 523000 397,195      
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 408,186 33,054,427  
13Total. Add line 12, columns (b), (d), and (e)..................
13
33,462,613
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2025)
Form 990-PF (2025)
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.
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Preparer's name Preparer's Signature Date Check if self-
employed 		PTIN
Firm's name
Firm's EIN
Firm's address


Phone no.
Form 990-PF (2025)
Additional Data


Software ID:  
Software Version:  


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

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

84-0474837
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

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

527 political organization


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

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

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 2025) Page 2
Name of organization
GATES FAMILY FOUNDATION
  		Employer identification number
84-0474837
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
FRANK AND MARJORY NEWELL
270 ARGONNE AVENUE
 
LONG BEACH, CA90803

$ 221,400


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

$  


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

$  


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
GATES FAMILY FOUNDATION
  		Employer identification number

84-0474837
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 10,000 SHRS CONGRESS MID CAP GRW $ 221,400 2025-11-28
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
GATES FAMILY FOUNDATION
  		Employer identification number

84-0474837
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2025 AccountingFeesSchedule
Name:
GATES FAMILY FOUNDATION
EIN:
84-0474837
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
KUNDINGER, CORDER & MONTOYA, P.C 37,000 14,800   22,200
MARILYN G. STEWART 60,449 6,045   54,404

TY 2025 AllOthProgRltdInvestmentsSch
Name:
GATES FAMILY FOUNDATION
EIN:
84-0474837
Category Amount
LOAN AGREEMENT WITH ENTERPRISE COMMUNITY LOAN FUND-TOD 105,838
EQUITY INVESTMENT WITH DEARFIELD FUND FOR BLACK WEALTH 50,000
LOAN AGRMT WITH PUBLIC EDUCATION AND BUSINESS COALITION 17,244

TY 2025 AllOthProgRltdInvestmentsSch
Name:
GATES FAMILY FOUNDATION
EIN:
84-0474837
Category Amount
LOAN AGREEMENT WITH ENTERPRISE COMMUNITY LOAN FUND-TOD 105,838
EQUITY INVESTMENT WITH DEARFIELD FUND FOR BLACK WEALTH 50,000
LOAN AGRMT WITH PUBLIC EDUCATION AND BUSINESS COALITION 17,244

TY 2025 AllOthProgRltdInvestmentsSch
Name:
GATES FAMILY FOUNDATION
EIN:
84-0474837
Category Amount
LOAN AGREEMENT WITH ENTERPRISE COMMUNITY LOAN FUND-TOD 105,838
EQUITY INVESTMENT WITH DEARFIELD FUND FOR BLACK WEALTH 50,000
LOAN AGRMT WITH PUBLIC EDUCATION AND BUSINESS COALITION 17,244

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

TY 2025 DepreciationSchedule
Name:
GATES FAMILY FOUNDATION
EIN:
84-0474837
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
BUILDING AND IMPROVEMENTS     351,045     267,009 200,898    

TY 2025 InvestmentsCorpBondsSchedule
Name:
GATES FAMILY FOUNDATION
EIN:
84-0474837
Name of Bond End of Year Book Value End of Year Fair Market Value
PIMCO TOTAL RETURN BOND FUND 3,316,442 3,361,261

TY 2025 InvestmentsCorpStockSchedule
Name:
GATES FAMILY FOUNDATION
EIN:
84-0474837
Name of Stock End of Year Book Value End of Year Fair Market Value
STATE STREET S&P 500 INDEX FUND 84,248,129 115,413,230
ARTISAN PARTNERS SMALL CAP FUND 9,754,669 14,682,023
DODGE & COX 19,581,318 31,699,390

TY 2025 InvestmentsLandSchedule2
Name:
GATES FAMILY FOUNDATION
EIN:
84-0474837
Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
LAND 1,435,097   1,435,097 1,435,097
BUILDINGS AND IMPROVEMENTS 8,596,962 3,529,611 5,067,351 10,153,816

TY 2025 InvestmentsOtherSchedule2
Name:
GATES FAMILY FOUNDATION
EIN:
84-0474837
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
CODY OVERLOOK LLC AT COST 755,385 1,639,566
ABBOTT CAPITAL PARTNERS AT COST 2,951,772 1,740,564
ADAMS STREET PARTNERS AT COST 2,177,048 764,694
COMMONFUND CAPITAL PRIVATE EQUITY FU AT COST 1 248,973
COMMONFUND CAPITAL NATURAL RESOURCES AT COST 1,208,399 463,154
COMMONFUND CAPITAL INTERNATIONAL VI AT COST 411,666 6,596
COMMONFUND CAPITAL VENTURE PARTNERS AT COST 1 398,780
COMMONFUND NATURAL RESOURCES VII AT COST 141,288 26,123
COMMONFUND CAPITAL NATURAL RESOURCES AT COST 1,268,755 2,557,834
COMMONFUND CAPITAL VENTURE PARTNERS AT COST 1 4,037,822
ABERDEEN VENTURE OFFSHORE PRTNRS VI AT COST 3,306,391 139,769
ABERDEEN PRIVATE OFFSHORE EQUITY III AT COST 893,646 102,974
ABERDEEN INT'L OFFSHORE PARTNERS AT COST 1,696,178 173,925
MESIROW PRIVATE EQUITY PARTNERSHIP AT COST 328,951 90,420
BLACKROCK HEDGE FUND AT COST 19,004,683 42,927,561
SIGULER GUFF DISTRESSED OPPS III AT COST 1  
SIGULER GUFF DISTRESSED OPPS IV AT COST 55,458 11,329
SIGULER GUFF REAL ESTATE II AT COST 1,935,943 1,268,937
SIGULER GUFF SMALL BUYOUT II AT COST 567,777 532,861
SIGULER GUFF SMALL BUYOUT III AT COST 9,999,536 11,470,924
SIGULER GUFF SMALL BUYOUT IV AT COST 3,733,282 6,104,630
SIGULER GUFF SMALL BUYOUT V AT COST 3,801,069 5,016,258
SANDERS CAPITAL MANAGEMENT AT COST 51,577,503 122,253,009
AXIOM EMERGING MARKETS AT COST    
SVSS FEEDER FUND III AT COST 2,370,279 703,790
COLORADO IMPACT FUND I AT COST 1,176,232 532,652
JLL PARTNERS FUND VII AT COST 7,447 2,233,524
CONGRESS MID CAP GROWTH AT COST 421,764 215,881
ACCOLADE PARTNERS V AT COST 939,972 4,226,016
HORSLEY BRIDGE XI VENTURE FUND AT COST 2,962,248 13,461,469
HORSLEY BRIDGE XII VENTURE FUND AT COST 7,655,165 18,939,888
HORSLEY BRIDGE XIII VENTURE FUND AT COST 6,754,213 13,084,554
HORSLEY BRIDGE XIV AT COST 6,091,210 9,114,443
HORSLEY BRIDGE XV AT COST 1,158,536 1,316,962
VERITAS CAPITAL FUND VI AT COST 7,632,003 3,456,032
VERITAS CAPITAL VII AT COST 6,488,016 9,369,304
VERITAS CAPITAL VIII AT COST 5,703,262 7,443,715
MONARCH CAPITAL PRTNRS OFFSHORE IV AT COST 5,391,959 1,911,452
MONARCH CAPITAL PARTNERS OFFSHORE V AT COST 5,222,617 4,631,634
MONARCH CAPITAL PARTNERS OFFSHORE VI AT COST 2,485,616 3,106,879
WILLIAM BLAIR DFS AT COST 17,019,726 17,161,590
REACH II AT COST 1,047,940 899,907
REACH III AT COST 748,554 860,791
REACH IV AT COST 1,100,455 1,132,795
LYME FOREST FUND V AT COST 1 889,644
LYME FOREST FUND VI AT COST 1,436,190 1,459,296
TAILWIND CAPITAL PARTNERS III AT COST 3,954,821 8,030,572
BLACKHORN VENTURES IND IMPACT AT COST 2,465,625 2,564,822
LYME CONSERVATION OPPORTUNITY FUND AT COST 437,670 522,052
GREATER COLORADO VENTURE CAP FUND I AT COST 359,462 325,556
GREATER COLORADO VENTURE CAPITAL II AT COST 458,506 420,588
PGIM REAL ESTATE US IVP AT COST 2,098,477 2,692,835
PGIM REAL ESTATE ESSENTIAL PRPRTY II AT COST 946,910 1,096,016
AEA INVESTORS FUND VII AT COST 5,333,329 5,417,770
ROSE AFFORDABLE HOUSING PF V RE AT COST 2,926,808 2,329,637
ROSE AFFORDABLE HOUSING PF VI REIT AT COST 1,148,044 1,137,613
JORDAN RESOLUTE FUND VI AT COST 2,700,575 3,966,798
BEARTOOTH CAPITAL III AT COST 435,513 153,539
BEARTOOTH IV AT COST 340,315 352,001
EMBER INFRASTRUCTURE FUND II-A AT COST 515,352 608,390
ATALAYA A4 AT COST 1,709,570 1,887,818
COINVEST FUND ONE AT COST 119,229 107,881
VERITAS CAPITAL IX AT COST 153,314 21,111
BURNT ISLAND VENTURES FUND II AT COST 671,909 830,916
CU HEALTHCARE INNOVATION FUND AT COST 732,129 800,076
CU HEALTHCARE INNOVATION FUND II AT COST 712,874 765,229
COLORADO IMPACT BRIDGE FUND AT COST 272,117 114,420
VARDE DISLOCATION FUND AT COST 237,349 1,680,852
AVESTA I AT COST 650,741 616,232
AVESTA COLORADO I AT COST 190,278 166,841
OWL VENTURES IV AT COST 2,530,112 3,014,480
EMINENCE FUND LONG LTD AT COST 19,872,098 25,554,737
JORDAN RESOLUTE FUND V AT COST 5,890,055 10,286,055
BUFF VENTURE FUND I AT COST 533,326 511,242
EMBER INFRASTRUCTURE FUND I-A AT COST 3,466,578 4,260,628
COLLIDE CAPITAL FUND I AT COST 764,411 826,119
BLACKHORN VENTURES INDUSTRIAL IMP II AT COST 1,284,639 1,260,527
NORTHGATE VENTURE PARTNERS VI AT COST 1 4,465,396
LAFAYETTE SQUARE PRIVATE CREDIT AT COST 1,635,371 1,604,314
BERTRAM CAPITAL V AT COST 1,826,477 3,683,588
ECOSYSTEM INTEGRITY FUND V (EIF V) AT COST 829,095 813,219
EARNEST PARTNERS AT COST 14,267,946 18,023,566
GOLUB CAPITAL PARTNERS INTL 15 AT COST 1,500,000 1,500,000
MAD CAPITAL PERENNIAL FUND II AT COST 167,171 167,171
PORTFOLIO ADVISORS SECONDARY V AT COST 1,161,371 1,532,948

TY 2025 LandEtcSchedule2
Name:
GATES FAMILY FOUNDATION
EIN:
84-0474837
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
BUILDINGS 5,394,583 4,070,528 1,324,055 1,324,055
FURNITURE 261,578 178,188 83,390 83,390
LAND 324,554   324,554 324,554


TY 2025 LegalFeesSchedule
Name:
GATES FAMILY FOUNDATION
EIN:
84-0474837
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
DAVIS GRAHAM & STUBBS 17,135 8,440   8,695


TY 2025 OtherAssetsSchedule
Name:
GATES FAMILY FOUNDATION
EIN:
84-0474837
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
PROGRAM RELATED INVESTMENTS 12,042,692 9,401,463 9,401,463


TY 2025 OtherExpensesSchedule
Name:
GATES FAMILY FOUNDATION
EIN:
84-0474837
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXPENSES        
DUES 93,558 5,200   88,358
OFFICE EXPENSES 73,045 50   72,995
INSURANCE 36,580 9,145   27,435
PROFESSIONAL DEVELOPMENT 87,147 163   86,984
EVENTS AND CONVENING 10,444     10,444
GIFTS & INCIDENTALS 4,733     4,733
IT SUPPORT & SOFTWARE LICENSE 120,984 5,564   115,420


TY 2025 OtherIncomeSchedule2
Name:
GATES FAMILY FOUNDATION
EIN:
84-0474837
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
MISCELLANEOUS INCOME 99,541 99,541  
PARTNERSHIP INCOME 644,317 644,317  
HOVER REAL ESTATE INCOME 148,416 148,416  
RENTAL INCOME 467,181 467,181  
INTEREST FROM PRIS 371,717 371,717  
BLACKROCK SUBPART F INCOME 1,275,372 1,275,372  
BOOK TAX DIFF OF PASSTHROUGHS 892,925 892,925  
REVERSE BLACKROCK BOOK REV -1,275,372    
REVERSE BOOK REV PER BOOKS -892,925    
UBTI PARTNERSHIP INCOME 397,195    


TY 2025 OtherProfessionalFeesSchedule
Name:
GATES FAMILY FOUNDATION
EIN:
84-0474837
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PAYCHEX PAYROLL SERVICES 4,383     4,383
AMY KELTNER 43,500     43,500
JARRETT HUTCHINSON 1,688     1,688
RESULTSLAB 21,000     21,000
THE KEYSTONE CENTER 6,875     6,875
WILLIAM COLE LEPRY 32,000     32,000
3 STORY DESIGN 831     831
BAREFOOT PUBLIC RELATIONS 10,000     10,000
CBIZ RETIREMENT PLAN SERVICES 2,700     2,700
CW IMPACT STRATEGIES 42,216     42,216
EBQ, LLC 500     500
ELEVATION SOLUTIONS 50,850     50,850
ENVISION INC. 1,057     1,057
ERIC JAMES OBERHAUSEN 3,800     3,800
HARBORCOAT CONSULTING 3,406     3,406
THE CIVIC CANOPY 17,500     17,500
BELLWETHER EDUCATION PARTNERS 63,000     63,000
COLORADO FUTURES CENTER 2,006     2,006
HENRY SOBANET 2,000     2,000
CAPTRUST 153,734 153,734    
NORTHERN TRUST 96,241 96,241    
EARNEST PARTNERS 156,225 156,225    


TY 2025 TaxesSchedule
Name:
GATES FAMILY FOUNDATION
EIN:
84-0474837
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
2025 ESTIMATED EXCISE TAX PAYMEN 325,000      
2024 TAX PAYMENTS NET OF REFUND 56,449      


TY 2025 TransfersFrmControlledEntities
Name:
GATES FAMILY FOUNDATION
EIN:
84-0474837
Name US /
Foreign Address		 EIN Description Amount
HOVER HSH LLC 1390 LAWRENCE STREET SUITE 400
DENVER,CO80204 		46-0744051 RENTAL AND OTHER INV. INCOME 615,597
Total     615,597

TY 2025 TransfersToControlledEntities
Name:
GATES FAMILY FOUNDATION
EIN:
84-0474837
Name US /
Foreign Address		 EIN Description Amount
HOVER HSH LLC 1390 LAWRENCE STREET SUITE 400
DENVER,CO80204 		46-0744051 EQUITY TRANSFER 511,072
Total     511,072