2025-11-17T14:49:45+00:00 2024-12-31 440160260 Forvis Mazars LLP 111 South Tejon Suite 800 Colorado Springs CO 809039848 990PF 2024-01-01 840994055 The Colorado Trust COLO 3038371200 3660 Blake St STE 800 Denver CO 80205 Monalisa Olarte CFO 3038371200 2025-11-17 true true Brandon Schulze P02051564 7194714290 2025-11-13 2024 2025-03-06 01:10:19Z X X 548027277 X X 4478843 3418201 7034131 33105224 125806347 33064657 0 0 0 1040541 3009588 0 37563966 47587219 0 1107245 168483 938763 3679866 146769 3533097 1565313 62440 1491599 27294 779 0 26515 95638 4782 0 90856 6043332 4755925 0 1287406 472455 440051 0 0 163576 24536 0 889679 9102 219096 733199 40894 692305 411651 16418 395233 859548 4516677 0 570489 16048796 10186856 0 9245359 28773031 28773039 44821827 10186856 0 38018398 -7257861 37400363 0 309222 576221 576221 2181169 5959688 5959688 0 0 0 0 0 0 0 0 0 0 0 0 0 0 78281 162668 162668 220455498 221048492 221048492 46756071 45907378 45907378 0 0 0 0 0 0 220729583 213638748 213638748 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Blake St Denver CO 80205 SECRETARY 1.50 29000 0 0 BETTY VELASQUEZ 3660 Blake St Denver CO 80205 CHAIR 1.50 34000 0 0 CHRISTINE MARQUEZ-HUDSON 3660 Blake St Denver CO 80205 TRUSTEE 1.50 29000 0 0 BRANDY REITTER 3660 Blake St Denver CO 80205 TRUSTEE 1.50 29000 0 0 WENDY DOMINGUEZ 3660 Blake St Denver CO 80205 TREASURER 1.50 29000 0 0 TIM SHULTZ 3660 Blake St Denver CO 80205 CHAIR ELECT 1.50 29000 0 0 DONALD NEASE 3660 Blake St Denver CO 80205 TRUSTEE 1.50 29000 0 0 TY COLEMAN 3660 Blake St Denver CO 80205 TRUSTEE 1.50 29000 0 0 SAM MASOUDI 3660 Blake St Denver CO 80205 COMMUNITY MEMBER 0.50 1800 0 0 JACK BLUMENTHAL 3660 Blake St Denver CO 80205 COMMUNITY MEMBER 0.50 2400 0 0 JAMES STANFORD WILLIE 3660 Blake St Denver CO 80205 COMMUNITY MEMBER 0.50 2400 0 0 TONY VU 3660 Blake St Denver CO 80205 COMMUNITY MEMBER 0.50 1200 0 0 TODD RUBRIGHT 3660 Blake St Denver CO 80205 COMMUNITY MEMBER 0.50 0 0 0 DON MARES 3660 Blake St Denver CO 80205 PRESIDENT AND CEO 40.00 529663 84927 0 MONALISA OLARTE 3660 Blake St Denver CO 80205 VP AND CFO 40.00 303783 61237 0 MORRIS PRICE 3660 Blake St Denver CO 80205 VP OF GRANTS 40.00 264641 50690 0 JULLIAN KESNER 3660 Blake St Denver CO 80205 VP OF COMMUNICATIONS 40.00 181771 52467 0 ROBERT FOLEY 3660 Blake St Denver CO 80205 GRANTS PROGRAM DIR 40.00 157171 36949 0 AMANDA ROSS 3660 Blake St Denver CO 80205 HR DIRECTOR 40.00 154522 42024 0 TAYLOR SCHAFBUCH 3660 Blake St Denver CO 80205 CONTROLLER 40.00 164438 32656 0 30 NEPC LLC 255 STATE STREET WOBURN MA 018884110 CONSULTING 384508 COMMUNITY SCIENCE INC 7272 WISCONSIN AVE STE 10W115 BETHESDA MD 20814 CONSULTING 197879 WIPFLI LLP 12359 SUNRISE VALLEY DRIVE STE 130 RESTON VA 20191 CONSULTING 170875 WE ARE RALLY 5670 WILSHIE BLVD STE 820 LOS ANGELES CA 90036 CONSULTING 107719 FORVIS MAZARS LLP 1801 CALIFORNIA ST STE 2900 DENVER CO 80202 ACCOUNTING SERVICES 95638 14 NONE LOW INTEREST RATE LOAN TO MONTBELLO ORGANIZING COMMITTEE TO SUPPORT THE ECONOMIC COMMUNITY DEVELOPMENT OF THE MONTBELLO COMMUNITY. 500000 500000 288744190 7202357 229902228 525848775 0 525848775 7887732 517961043 25898052 25898052 519865 519865 25378187 1582000 26960187 26960187 38018398 500000 0 38518398 26960187 0 2020 0 0 0 0 1987249 11421751 13409000 38518398 0 0 0 26960187 11558211 0 24967211 0 0 0 0 0 0 24967211 0 0 1987249 11421751 11558211 NOT APPLICABLE NOT APPLICABLE X SEE DETAIL OF RECIPIENTS 3660 BLAKE ST RECIPIENTS ADDRESS ON ATTACHMENT DENVER CO 80205 NONE PC SEE DETAILED ATTACHMENT 28773031 CHARITABLE CONTRIBUTION FROM PASS THROUGH ENTITIES 3660 BLAKE ST DENVER CO 80205 NONE PC GENERAL SUPPORT 702 28773733 SEE DETAIL OF RECIPIENTS 3660 BLAKE ST RECIPIENTS ADDRESS ON ATTACHMENT DENVER CO 80205 NONE PC SEE DETAILED ATTACHMENT 4291565 4291565 14 3418201 18 33105224 INCOME FROM REAL ESTATE 1 1040541 0 37563966 0 37563966 false false false false false false false false false false ACCOUNTING FEES 95638 4782 90856 PROPERTY & EQUIPMENT 7.0 163576 24536 NET GAIN FROM SALE OF ASSETS 33105224 33105224 Form 990-PF, Part I, Line 16c *INDEPENDENT EVALUATIONS ARE CONDUCTED FOR A LARGE MAJORITY OF GRANT MAKING PROGRAMS OF THE COLORADO TRUST TO HELP IDENTIFY WHERE THE TRUST AND GRANTEES SHOULD ADJUST STRATEGIES AS WELL AS DETERMINE EFFECTIVENESS OF DIFFERENT STRATEGIES AND TO HELP SHAPE FUTURE PROGRAMS BY IDENTIFYING EMERGING NEEDS WITHIN COLORADO. THE RESULTS OF THESE EVALUATIONS ARE WIDELY COMMUNICATED TO GRANTEES AND TO OTHER FOUNDATIONS NATIONALLY SO THEY CAN BENEFIT FROM LESSONS LEARNED BY THE TRUST. ALTHOUGH THESE EXPENSES ARE CLASSIFIED AS "OPERATING AND ADMINISTRATIVE" FOR TAX PURPOSES THEY ARE AN ESSENTIAL COMPONENT OF RESPONSIBLE GRANT-MAKING. **PROGRAM RELATED CONSULTANTS ARE RETAINED FOR MOST GRANT STRATEGIES. THESE CONSULTANTS PROVIDE ESSENTIAL SERVICE IN THE FORM OF TECHNICAL ASSISTANCE TO BOTH GRANTEES AND STAFF. THEY ARE ALSO RETAINED TO ADVANCE PROGRAMMATIC EFFORTS IN A HIGHLY ACCOUNTABLE WAY. ALTHOUGH THESE EXPENSES ARE CLASSIFIED AS "OPERATING AND ADMINISTRATIVE" FOR TAX PURPOSES THEY ARE AN ESSENTIAL COMPONENT OF RESPONSIBLE GRANT MAKING. MCKAY SHIELDS 9725287 9725287 SSGA 25127207 25127207 VANGUARD 11054884 11054884 221048492 221048492 0 0 ACADIAN EMERGING MARKET EQUITY FMV 14990315 14990315 APOLLO FMV 1265024 1265024 ARBORETUM VENTURES FMV 1233063 1233063 ARES FMV 4675900 4675900 ARLINGTON FMV 7489034 7489034 AXIOM ASIA FMV 8003176 8003176 BLACKSTONE PROPERTY PARTNERS FMV 2490218 2490218 CANVAS DISTRESSED FUND FMV 1592792 1592792 COMMONFUND FMV 36162797 36162797 CRG PARTNERS IV FMV 6933384 6933384 CVI CREDIT VALUE FUND IV CVAL FMV 3951244 3951244 DAVIDSON KEMPNER FMV 12464028 12464028 DOVER STREET FMV 2306132 2306132 GCM GROSVENOR ADV FEEDER FUND FMV 5754719 5754719 GCM GROSVENOR ADV FEEDER FUND II FMV 1979211 1979211 HARBOURVIEW ROYALTIES FUND I FMV 3126367 3126367 HCAP PARTNERS FUND V FMV 5166871 5166871 HIGHBAR FMV 3983271 3983271 KENNEDY LEWIS FMV 8566727 8566727 KENNEDY LEWIS III FMV 6115873 6115873 LATOUR CAPITAL III FMV 12473215 12473215 MILL POINT CAPITAL PARTNER III FMV 537056 537056 MPOWERED CAPITAL ACCESS FUND I FMV 2244553 2244553 NEXUS SPECIAL SITUATIONS IV FMV 379436 379436 ORCHARD LANDMARK LTD FMV 4775289 4775289 PERMIRA CREDIT SOLUTIONS FMV 4300345 4300345 PHARO GAIA FUND, LTD FMV 0 0 PONTIFAX AGTECH FUND II FMV 3506010 3506010 PRISA REIT FMV 1898155 1898155 RCP FUND FMV 4943954 4943954 RIVERGLADE FMV 3506631 3506631 SUSTAINABLE ASSET FUND III FMV 4533865 4533865 THOMA BRAVO FUND XIII FMV 7590327 7590327 THOMAS BRAVO XIV FMV 6653943 6653943 THOMAS BRAVO XV FMV 11227633 11227633 UBS TRUMBULL REIT FMV 6818190 6818190 BUILDING IMPROVEMENTS 748166 463624 284542 284542 MACHINERY & EQUIPMENT 754265 725041 29224 29224 FURNITURE & FIXTURES 325425 325318 107 107 PROJECTS IN PROCESS 346001 0 346001 346001 LEGAL FEES 27294 779 26515 INVESTMENTS HELD UNDER DEFERRED COMP AGREEMENTS 314536 322869 322869 DISTRIBUTION RECEIVABLE 21398182 30859256 30859256 INTEREST RECEIVABLE 55310 71671 71671 PROGRAM RELATED INVESTMENT 18250711 17442286 17442286 DEFERRED TAXES 361146 0 0 GRANT ADVANCES 11378126 11378126 NET INVESTMENT EXPENSES 1045877 BOOKS & SUBSCRIPTIONS 42520 1696 40824 MEMBERSHIP DUES 86605 3454 83151 BANK FEES 16808 670 16137 PROCESSING FEES 19511 778 18733 EMPLOYEE WELLNESS 37226 1485 35741 RECOGNITION 5638 225 5413 OFFICE SUPPLIES 7547 301 7246 POSTAGE & DELIVERY 2325 93 2232 IT-NON CAPITAL EQUIPMENT 31768 1267 30501 OFFICE EQUIPMENT & FURNITURE 191 8 183 MACHINE MAINTENANCE 23718 946 22772 INSURANCE 55882 2229 53653 SOFTWARE 181622 7244 174379 RECRUITMENT & RELOCATION 6161 246 5916 MISCELLANEOUS 76666 3058 73608 NON-CASH CONTRIBUTION EXPENSE 30078 OTHER EXPENSES FROM PASS THROUGH 235282 4492977 INCOME FROM REAL ESTATE 1040541 INCOME FROM PASS THROUGH ENTITIES 645046 OTHER INCOME FROM ALTERNATIVES 2364542 AMORTIZATION DEFERRED GAIN 560431 GRANT ACCRUAL ADJUSTMENT 12874327 UNREALIZED GAIN ON INVESTMENTS 13784146 DEFERRED EXCISE TAX PAYABLE 141331 DEFERRED EXCISE TAX PAYABLE 350445 227132 CONTRACT SERVICES 1340887 53480 1287406 INVESTMENT MANAGER FEES 4702445 4702445 FEDERAL EXCISE TAX 472455 FOREIGN TAXES PAID 440051