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        <State>CO</State>
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        <BusinessNameLine1>SALAZAR FAMILY FOUNDATION</BusinessNameLine1>
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      <InCareOfName>% V ROBERT SALAZAR</InCareOfName>
      <NameControl>SALA</NameControl>
      <Phone>3039893900</Phone>
      <USAddress>
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        <AddressLine2>Suite STE 201</AddressLine2>
        <City>DENVER</City>
        <State>CO</State>
        <ZIPCode>80211</ZIPCode>
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    <Officer>
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      <Title>President</Title>
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      <DateSigned>2014-09-16</DateSigned>
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    <Preparer>
      <Name>William A Rooney CPAMA</Name>
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    <BuildTS>2015-11-30 17:44:51Z</BuildTS>
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      <WrittenIRSDetermination>X</WrittenIRSDetermination>
      <ContribByControllingIndividual>false</ContribByControllingIndividual>
      <ContributionByRelatedParty>false</ContributionByRelatedParty>
      <ContribBy35ControlledEntity>false</ContribBy35ControlledEntity>
      <SupportedOrgInformation>
        <Name>
          <BusinessNameLine1>DENVER FOUNDATION</BusinessNameLine1>
        </Name>
        <EIN>846048381</EIN>
        <TypeOfOrganization>09</TypeOfOrganization>
        <ListedInGoverningDoc>true</ListedInGoverningDoc>
        <OrganizedInUS>true</OrganizedInUS>
        <Amount>200000</Amount>
      </SupportedOrgInformation>
      <SupportedOrgInformation>
        <Name>
          <BusinessNameLine1>JEFFERSON FOUNDATION</BusinessNameLine1>
        </Name>
        <EIN>840970315</EIN>
        <TypeOfOrganization>09</TypeOfOrganization>
        <ListedInGoverningDoc>true</ListedInGoverningDoc>
        <OrganizedInUS>true</OrganizedInUS>
        <Amount>100000</Amount>
      </SupportedOrgInformation>
      <SupportedOrgInformation>
        <Name>
          <BusinessNameLine1>ESCUELA DE GUADALUPE</BusinessNameLine1>
        </Name>
        <EIN>311652842</EIN>
        <TypeOfOrganization>09</TypeOfOrganization>
        <ListedInGoverningDoc>true</ListedInGoverningDoc>
        <OrganizedInUS>true</OrganizedInUS>
        <Amount>100000</Amount>
      </SupportedOrgInformation>
      <TotalNumberOfSupportedOrgs>3</TotalNumberOfSupportedOrgs>
      <SumOfAmounts>400000</SumOfAmounts>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="IRS990ScheduleB">
      <ContributorInfo>
        <ContributorNumber>RESTRICTED</ContributorNumber>
        <ContributorNameBusiness>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorNameBusiness>
        <ContributorAddressUS>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>RESTRICTED</AggregateContributions>
      </ContributorInfo>
    </IRS990ScheduleB>
    <IRS990ScheduleD documentId="IRS990ScheduleD">
      <ArtPublicExhibitionAmts />
      <HeldWorksOfArtAmts />
      <CurrentYearMinus3Years />
      <CurrentYearMinus4Years />
      <Land />
      <Buildings />
      <LeaseholdImprovements />
      <Equipment>
        <OtherCostOrOtherBasis>15958</OtherCostOrOtherBasis>
        <Depreciation>15958</Depreciation>
      </Equipment>
      <OtherLandBuildings />
      <FinancialDerivatives />
      <CloselyHeldEquityInterests />
      <OtherSecurities>
        <Description>100% OWNERSHIP IN LLC</Description>
        <BookValue>24263111</BookValue>
        <MethodOfValuation>C</MethodOfValuation>
      </OtherSecurities>
      <TotalOfBookValueSecurities>24263111</TotalOfBookValueSecurities>
    </IRS990ScheduleD>
    <IRS990ScheduleI documentId="IRS990ScheduleI">
      <RecordsMaintained>true</RecordsMaintained>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>JEFFERSON FOUNDATION</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>809 QUAIL STREET BUILDING I</AddressLine1>
          <City>LAKEWOOD</City>
          <State>CO</State>
          <ZIPCode>80215</ZIPCode>
        </AddressUS>
        <EINOfRecipient>840970315</EINOfRecipient>
        <AmountOfCashGrant>100000</AmountOfCashGrant>
        <PurposeOfGrant>SUPPORTED ORGANIZATION</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>ESCUELA DE GUADALUPE</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>3401 PECOS ST</AddressLine1>
          <City>DENVER</City>
          <State>CO</State>
          <ZIPCode>80211</ZIPCode>
        </AddressUS>
        <EINOfRecipient>311652842</EINOfRecipient>
        <AmountOfCashGrant>100000</AmountOfCashGrant>
        <PurposeOfGrant>SUPPORTED ORGANIZATION</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>DENVER FOUNDATION</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>55 MADISON ST</AddressLine1>
          <City>DENVER</City>
          <State>CO</State>
          <ZIPCode>80206</ZIPCode>
        </AddressUS>
        <EINOfRecipient>846048381</EINOfRecipient>
        <AmountOfCashGrant>200000</AmountOfCashGrant>
        <PurposeOfGrant>SUPPORTED ORGANIZATION</PurposeOfGrant>
      </RecipientTable>
      <TotalNbrOf501C3AndGovtGrants>3</TotalNbrOf501C3AndGovtGrants>
    </IRS990ScheduleI>
    <IRS990ScheduleO documentId="IRS990ScheduleO">
      <GeneralExplanation>
        <Identifier>Part VI-Conflict of Interest Policy</Identifier>
        <ReturnReference>Section B Line 12c</ReturnReference>
        <Explanation>The Board openly discusses any potential conflicts of interest at each of the Board meetings.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Part VI-Availability of Required Documents</Identifier>
        <ReturnReference>Section C Line 18</ReturnReference>
        <Explanation>The organizations has required documents on file and available upon request at the organizations address as well on the website GuideStar.com.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Part VI-Review of Form 990</Identifier>
        <ReturnReference>Section A #10</ReturnReference>
        <Explanation>The Form 990 is reviewed by a committee appointed by the Board of Directors.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Part VI-Officer/Director Compensation</Identifier>
        <ReturnReference>Section B Line 15b</ReturnReference>
        <Explanation>Compensation of officers and/or directors are to be discussed at the Board of Directors meetings. Carmen Mendoza serving as Executive Director, is the only person compensated for their service to the Foundation this fiscal year.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Part VI-Family Relationship</Identifier>
        <ReturnReference>Section A Line 2</ReturnReference>
        <Explanation>Directors V. Robert Salazar and Lola Salazar are husband and wife.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="IRS990ScheduleR">
      <Form990ScheduleRPartI>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>HC3 REALTY FUND LLC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>2500 17TH STREET STE 2014</AddressLine1>
          <City>DENVER</City>
          <State>CO</State>
          <ZIPCode>80211</ZIPCode>
        </AddressUS>
        <EIN>861054439</EIN>
        <PrimaryActivities>REAL ESTATE</PrimaryActivities>
        <LegalDomicileState>CO</LegalDomicileState>
        <TotalIncome>96770</TotalIncome>
        <EOYAssets>2869387</EOYAssets>
      </Form990ScheduleRPartI>
      <Form990ScheduleRPartI>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>31ST STREET INVESTMENTS LLC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>2500 17TH STREET STE 201</AddressLine1>
          <City>DENVER</City>
          <State>CO</State>
          <ZIPCode>80211</ZIPCode>
        </AddressUS>
        <EIN>261475553</EIN>
        <PrimaryActivities>REAL ESTATE</PrimaryActivities>
        <LegalDomicileState>CO</LegalDomicileState>
        <TotalIncome>30833</TotalIncome>
        <EOYAssets>18584416</EOYAssets>
      </Form990ScheduleRPartI>
      <Form990ScheduleRPartI>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>SFF REALTY INVESTORS LLC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>2500 17TH STREET STE 201</AddressLine1>
          <City>DENVER</City>
          <State>CO</State>
          <ZIPCode>80211</ZIPCode>
        </AddressUS>
        <EIN>205991634</EIN>
        <PrimaryActivities>REAL ESTATE</PrimaryActivities>
        <LegalDomicileState>CO</LegalDomicileState>
        <TotalIncome>-26484</TotalIncome>
        <EOYAssets>1671040</EOYAssets>
      </Form990ScheduleRPartI>
      <Form990ScheduleRPartI>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>SFF REAL ESTATE INVESTMENTS LLC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>2500 17TH STREET STE 201</AddressLine1>
          <City>DENVER</City>
          <State>CO</State>
          <ZIPCode>80211</ZIPCode>
        </AddressUS>
        <EIN>205267787</EIN>
        <PrimaryActivities>REAL ESTATE</PrimaryActivities>
        <LegalDomicileState>CO</LegalDomicileState>
        <TotalIncome>-11101</TotalIncome>
        <EOYAssets>1125210</EOYAssets>
      </Form990ScheduleRPartI>
    </IRS990ScheduleR>
  </ReturnData>
</Return>