﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.irs.gov/efile" returnVersion="2012v2.1">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2013-10-30T14:54:45-05:00</Timestamp>
    <TaxPeriodEndDate>2013-06-30</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>Kundinger Corder &amp; Engle PC</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>475 Lincoln Street Suite 200</AddressLine1>
        <City>Denver</City>
        <State>CO</State>
        <ZIPCode>80203</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990PF</ReturnType>
    <TaxPeriodBeginDate>2012-07-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>846029014</EIN>
      <Name>
        <BusinessNameLine1>Bonfils-Stanton Foundation</BusinessNameLine1>
      </Name>
      <NameControl>BONF</NameControl>
      <Phone>3038253774</Phone>
      <USAddress>
        <AddressLine1>1601 Arapahoe Street No 500</AddressLine1>
        <City>Denver</City>
        <State>CO</State>
        <ZIPCode>80202</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>Ann Hovland</Name>
      <Title>Chief Financial Officer/Treasurer</Title>
      <Phone>3038253774</Phone>
      <DateSigned>2013-10-15</DateSigned>
      <AuthorizeThirdParty>1</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>Laurie Anderson</Name>
      <PTIN>P01416697</PTIN>
      <Phone>3035345953</Phone>
      <DatePrepared>2013-10-15</DatePrepared>
    </Preparer>
    <TaxYear>2012</TaxYear>
    <BuildTS>2016-03-07 17:11:31Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="14">
    <IRS990PF documentId="RetDoc1235000001">
      <ExemptPF>X</ExemptPF>
      <FMVAssetsEOY>77475043</FMVAssetsEOY>
      <MethodOfAccountingCash>X</MethodOfAccountingCash>
      <AnalysisOfRevenueAndExpenses>
        <NotRequiredToAttachScheduleB>X</NotRequiredToAttachScheduleB>
        <DividendsRevAndExpnss>841191</DividendsRevAndExpnss>
        <DividendsNetInvstIncm>841191</DividendsNetInvstIncm>
        <NetGainSaleAssetsRevAndExpnss>1597483</NetGainSaleAssetsRevAndExpnss>
        <GrossSalesPrice>13113074</GrossSalesPrice>
        <CapitalGainNetIncmNetInvstIncm>1597483</CapitalGainNetIncmNetInvstIncm>
        <TotalRevenueAndExpenses>2438674</TotalRevenueAndExpenses>
        <TotalNetInvestmentIncome>2438674</TotalNetInvestmentIncome>
        <CompOfcrDirTrstRevAndExpnss>382540</CompOfcrDirTrstRevAndExpnss>
        <CompOfcrDirTrstNetInvstIncm>29883</CompOfcrDirTrstNetInvstIncm>
        <CompOfcrDirTrstDsbrsChrtblPrps>352657</CompOfcrDirTrstDsbrsChrtblPrps>
        <OthEmplSlrsWgsRevAndExpnss>57000</OthEmplSlrsWgsRevAndExpnss>
        <OthEmplSlrsWgsNetInvstIncm>2280</OthEmplSlrsWgsNetInvstIncm>
        <OthEmplSlrsWgsDsbrsChrtblPrps>54720</OthEmplSlrsWgsDsbrsChrtblPrps>
        <PensionEmplBnftRevAndExpnss>99083</PensionEmplBnftRevAndExpnss>
        <PensionEmplBnftNetInvstIncm>12600</PensionEmplBnftNetInvstIncm>
        <PensionEmplBnftDsbrsChrtblPrps>86483</PensionEmplBnftDsbrsChrtblPrps>
        <LegalFeesRevAndExpnss referenceDocumentId="RetDoc2002100001">11544</LegalFeesRevAndExpnss>
        <LegalFeesNetInvstIncm>0</LegalFeesNetInvstIncm>
        <LegalFeesDsbrsChrtblPrps>11544</LegalFeesDsbrsChrtblPrps>
        <AccountingFeesRevAndExpnss referenceDocumentId="RetDoc2002200001">18000</AccountingFeesRevAndExpnss>
        <AccountingFeesNetInvstIncm>3600</AccountingFeesNetInvstIncm>
        <AccountingFeesDsbrsChrtblPrps>14400</AccountingFeesDsbrsChrtblPrps>
        <OtherProfFeesRevAndExpnss referenceDocumentId="RetDoc2002300001">170323</OtherProfFeesRevAndExpnss>
        <OtherProfFeesNetInvstIncm>115785</OtherProfFeesNetInvstIncm>
        <OtherProfFeesDsbrsChrtblPrps>54538</OtherProfFeesDsbrsChrtblPrps>
        <TaxesRevAndExpnss referenceDocumentId="RetDoc2002500001">47474</TaxesRevAndExpnss>
        <TaxesNetInvstIncm>9</TaxesNetInvstIncm>
        <TaxesDsbrsChrtblPrps>208</TaxesDsbrsChrtblPrps>
        <DeprecAndDepletionRevAndExpnss>46643</DeprecAndDepletionRevAndExpnss>
        <DeprecAndDepletionNetInvstIncm>0</DeprecAndDepletionNetInvstIncm>
        <OccupancyRevAndExpnss>20529</OccupancyRevAndExpnss>
        <OccupancyNetInvstIncm>1513</OccupancyNetInvstIncm>
        <OccupancyDsbrsChrtblPrps>19016</OccupancyDsbrsChrtblPrps>
        <TravConfMeetingRevAndExpnss>18227</TravConfMeetingRevAndExpnss>
        <TravConfMeetingNetInvstIncm>1087</TravConfMeetingNetInvstIncm>
        <TravConfMeetingDsbrsChrtblPrps>17140</TravConfMeetingDsbrsChrtblPrps>
        <OtherExpensesRevAndExpnss referenceDocumentId="RetDoc2003200001">182449</OtherExpensesRevAndExpnss>
        <OtherExpensesNetInvstIncm>4788</OtherExpensesNetInvstIncm>
        <OtherExpensesDsbrsChrtblPrps>177661</OtherExpensesDsbrsChrtblPrps>
        <TotOprExpensesRevAndExpnss>1053812</TotOprExpensesRevAndExpnss>
        <TotOprExpensesNetInvstIncm>171545</TotOprExpensesNetInvstIncm>
        <TotOprExpensesDsbrsChrtblPrps>788367</TotOprExpensesDsbrsChrtblPrps>
        <ContriGiftsPaidRevAndExpnss>3313707</ContriGiftsPaidRevAndExpnss>
        <ContriGiftsPaidDsbrsChrtblPrps>3328560</ContriGiftsPaidDsbrsChrtblPrps>
        <TotalExpensesRevAndExpnss>4367519</TotalExpensesRevAndExpnss>
        <TotalExpensesNetInvstIncm>171545</TotalExpensesNetInvstIncm>
        <TotalExpensesDsbrsChrtblPrps>4116927</TotalExpensesDsbrsChrtblPrps>
        <ExcessOfRevenueOverExpenses>-1928845</ExcessOfRevenueOverExpenses>
        <NetInvestmentIncome>2267129</NetInvestmentIncome>
      </AnalysisOfRevenueAndExpenses>
      <BalanceSheets>
        <CashBOY>200</CashBOY>
        <CashEOY>200</CashEOY>
        <CashEOYFMV>200</CashEOYFMV>
        <SavingsAndTempCashInvstBOY>1541585</SavingsAndTempCashInvstBOY>
        <SavingsAndTempCashInvstEOY>903577</SavingsAndTempCashInvstEOY>
        <SavingsAndTempCashInvstEOYFMV>903577</SavingsAndTempCashInvstEOYFMV>
        <InvestmentsGovtObligBOY>43321</InvestmentsGovtObligBOY>
        <InvestmentsGovtObligEOY referenceDocumentId="RetDoc2210400001">43321</InvestmentsGovtObligEOY>
        <InvestmentsGovtObligEOYFMV>84504</InvestmentsGovtObligEOYFMV>
        <InvestmentsCorpStockBOY>14970323</InvestmentsCorpStockBOY>
        <InvestmentsCorpStockEOY referenceDocumentId="RetDoc2018900001">14451213</InvestmentsCorpStockEOY>
        <InvestmentsCorpStockEOYFMV>17344166</InvestmentsCorpStockEOYFMV>
        <InvestmentsCorpBondsBOY>3876624</InvestmentsCorpBondsBOY>
        <InvestmentsCorpBondsEOY referenceDocumentId="RetDoc2044400001">5261489</InvestmentsCorpBondsEOY>
        <InvestmentsCorpBondsEOYFMV>5219615</InvestmentsCorpBondsEOYFMV>
        <InvestmentsOtherBOY>41962265</InvestmentsOtherBOY>
        <InvestmentsOtherEOY referenceDocumentId="RetDoc2018100001">39852316</InvestmentsOtherEOY>
        <InvestmentsOtherEOYFMV>52893949</InvestmentsOtherEOYFMV>
        <LandBuildingAndEquipmentBasis>1201627</LandBuildingAndEquipmentBasis>
        <AccumDeprecLandBldgAndEquip>390331</AccumDeprecLandBldgAndEquip>
        <LandBuildingAndEquipmentBOY>857940</LandBuildingAndEquipmentBOY>
        <LandBuildingAndEquipmentEOY referenceDocumentId="RetDoc2059000001">811296</LandBuildingAndEquipmentEOY>
        <LandBuildingAndEquipmentEOYFMV>811296</LandBuildingAndEquipmentEOYFMV>
        <OtherAssetsBOY referenceDocumentId="RetDoc2046600001">180029</OtherAssetsBOY>
        <OtherAssetsEOY referenceDocumentId="RetDoc2046600001">217736</OtherAssetsEOY>
        <OtherAssetsEOYFMV referenceDocumentId="RetDoc2046600001">217736</OtherAssetsEOYFMV>
        <TotalAssetsBOY>63432287</TotalAssetsBOY>
        <TotalAssetsEOY>61541148</TotalAssetsEOY>
        <TotalAssetsEOYFMV>77475043</TotalAssetsEOYFMV>
        <OtherLiabilitiesBOY referenceDocumentId="RetDoc2065700001">158289</OtherLiabilitiesBOY>
        <OtherLiabilitiesEOY referenceDocumentId="RetDoc2065700001">195995</OtherLiabilitiesEOY>
        <TotalLiabilitiesBOY>158289</TotalLiabilitiesBOY>
        <TotalLiabilitiesEOY>195995</TotalLiabilitiesEOY>
        <OrgThatDoNotFollowSFAS117>X</OrgThatDoNotFollowSFAS117>
        <CapitalStockBOY>0</CapitalStockBOY>
        <CapitalStockEOY>0</CapitalStockEOY>
        <PaidInOrCapitalSurplusBOY>0</PaidInOrCapitalSurplusBOY>
        <PaidInOrCapitalSurplusEOY>0</PaidInOrCapitalSurplusEOY>
        <RetainedEarningsBOY>63273998</RetainedEarningsBOY>
        <RetainedEarningsEOY>61345153</RetainedEarningsEOY>
        <TotalNetAssetsBOY>63273998</TotalNetAssetsBOY>
        <TotalNetAssetsEOY>61345153</TotalNetAssetsEOY>
        <TotalLiabilitiesNetAssetsBOY>63432287</TotalLiabilitiesNetAssetsBOY>
        <TotalLiabilitiesNetAssetsEOY>61541148</TotalLiabilitiesNetAssetsEOY>
      </BalanceSheets>
      <ChangesInNetAssetsFundBalances>
        <TotalNetAssetsFundBalancesBOY>63273998</TotalNetAssetsFundBalancesBOY>
        <ExcessOfRevenueOverExpenses>-1928845</ExcessOfRevenueOverExpenses>
        <OtherIncreases>0</OtherIncreases>
        <Subtotal>61345153</Subtotal>
        <OtherDecreases>0</OtherDecreases>
        <TotalNetAssetsFundBalancesEOY>61345153</TotalNetAssetsFundBalancesEOY>
      </ChangesInNetAssetsFundBalances>
      <CapitalGainsAndLosses>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>Legg Mason</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <GrossSalesPrice>5050000</GrossSalesPrice>
          <CostOrOtherBasis>4936283</CostOrOtherBasis>
          <GainOrLoss>113717</GainOrLoss>
          <GainsMinusExcessOrLosses>113717</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>Longleaf Partners Fund</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <GrossSalesPrice>250000</GrossSalesPrice>
          <CostOrOtherBasis>176588</CostOrOtherBasis>
          <GainOrLoss>73412</GainOrLoss>
          <GainsMinusExcessOrLosses>73412</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>Vanguard</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <GrossSalesPrice>1000000</GrossSalesPrice>
          <CostOrOtherBasis>767550</CostOrOtherBasis>
          <GainOrLoss>232450</GainOrLoss>
          <GainsMinusExcessOrLosses>232450</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>Wellington Trust Fund</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <GrossSalesPrice>6800000</GrossSalesPrice>
          <CostOrOtherBasis>6405839</CostOrOtherBasis>
          <GainOrLoss>394161</GainOrLoss>
          <GainsMinusExcessOrLosses>394161</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>Capital Guardian</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <GainOrLoss>-17097</GainOrLoss>
          <GainsMinusExcessOrLosses>-17097</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>Daruma Ginkgo Fund</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <GainOrLoss>484</GainOrLoss>
          <GainsMinusExcessOrLosses>484</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>Davidson Kempner Capital</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <GainOrLoss>244581</GainOrLoss>
          <GainsMinusExcessOrLosses>244581</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>Highclere</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <GainOrLoss>6404</GainOrLoss>
          <GainsMinusExcessOrLosses>6404</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>Longleaf Partners Fund</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <GainOrLoss>103825</GainOrLoss>
          <GainsMinusExcessOrLosses>103825</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>Wellington Trust Fund</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <GainOrLoss>584311</GainOrLoss>
          <GainsMinusExcessOrLosses>584311</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>Pequot Endowment Fund</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <GainOrLoss>-140638</GainOrLoss>
          <GainsMinusExcessOrLosses>-140638</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>Pimco</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <GainOrLoss>1524</GainOrLoss>
          <GainsMinusExcessOrLosses>1524</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>Wells Fargo</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <GainOrLoss>998</GainOrLoss>
          <GainsMinusExcessOrLosses>998</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>Common Wealth Bonds</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <GrossSalesPrice>13000</GrossSalesPrice>
          <CostOrOtherBasis>13648</CostOrOtherBasis>
          <GainOrLoss>-648</GainOrLoss>
          <GainsMinusExcessOrLosses>-648</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>Home Loan Mortgage Corp</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <GrossSalesPrice>74</GrossSalesPrice>
          <CostOrOtherBasis>75</CostOrOtherBasis>
          <GainOrLoss>-1</GainOrLoss>
          <GainsMinusExcessOrLosses>-1</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainNetIncome>1597483</CapitalGainNetIncome>
      </CapitalGainsAndLosses>
      <QlfyUndSect4940eForReducedTax>
        <LiableFor4942Tax>0</LiableFor4942Tax>
        <QualifyingDistributionsYear1>2886314</QualifyingDistributionsYear1>
        <NoncharitableAssetsYear1>70933750</NoncharitableAssetsYear1>
        <DistributionRatioYear1>0.040690</DistributionRatioYear1>
        <QualifyingDistributionsYear2>3414422</QualifyingDistributionsYear2>
        <NoncharitableAssetsYear2>72218660</NoncharitableAssetsYear2>
        <DistributionRatioYear2>0.047279</DistributionRatioYear2>
        <QualifyingDistributionsYear3>3542263</QualifyingDistributionsYear3>
        <NoncharitableAssetsYear3>66942910</NoncharitableAssetsYear3>
        <DistributionRatioYear3>0.052915</DistributionRatioYear3>
        <QualifyingDistributionsYear4>3928802</QualifyingDistributionsYear4>
        <NoncharitableAssetsYear4>62113032</NoncharitableAssetsYear4>
        <DistributionRatioYear4>0.063252</DistributionRatioYear4>
        <QualifyingDistributionsYear5>4410681</QualifyingDistributionsYear5>
        <NoncharitableAssetsYear5>84359170</NoncharitableAssetsYear5>
        <DistributionRatioYear5>0.052285</DistributionRatioYear5>
        <TotalDistributionRatio>0.256421</TotalDistributionRatio>
        <AverageDistributionRatio>0.051284</AverageDistributionRatio>
        <NetNoncharitableAssets>74295847</NetNoncharitableAssets>
        <AdjustedNoncharitableAssets>3810188</AdjustedNoncharitableAssets>
        <OnePercentNetInvestmentIncome>22671</OnePercentNetInvestmentIncome>
        <AdjNonchrtblAssetsAndOnePct>3832859</AdjNonchrtblAssetsAndOnePct>
        <QualifyingDistributions>4116927</QualifyingDistributions>
      </QlfyUndSect4940eForReducedTax>
      <ExciseTaxBasedOnInvestmentIncm>
        <DomesticOrgMeetingSect4940e>X</DomesticOrgMeetingSect4940e>
        <InvestmentIncomeExciseTax>22671</InvestmentIncomeExciseTax>
        <TaxUnderSection511>0</TaxUnderSection511>
        <Subtotal>22671</Subtotal>
        <SubtitleATax>0</SubtitleATax>
        <TaxBasedOnInvestmentIncome>22671</TaxBasedOnInvestmentIncome>
        <EstTaxPaymentsAndOverpayment>43345</EstTaxPaymentsAndOverpayment>
        <TotalCreditsAndPayments>43345</TotalCreditsAndPayments>
        <Form2220Attached referenceDocumentId="RetDoc1192000001">X</Form2220Attached>
        <Overpayment>20674</Overpayment>
        <AmountCreditedToNextYear>20674</AmountCreditedToNextYear>
        <AmountToBeRefunded>0</AmountToBeRefunded>
      </ExciseTaxBasedOnInvestmentIncm>
      <StatementsRegardingActivities>
        <LegislativePoliticalActivities>0</LegislativePoliticalActivities>
        <MoreThan100Spent>0</MoreThan100Spent>
        <Form1120POLFiled>0</Form1120POLFiled>
        <Sect4955TaxOnOrganization>0</Sect4955TaxOnOrganization>
        <Sect4955TaxOnManagers>0</Sect4955TaxOnManagers>
        <ReimbursementOfTax>0</ReimbursementOfTax>
        <ActivitiesNotPrevReported>0</ActivitiesNotPrevReported>
        <ChangesToArticlesOrBylaws>0</ChangesToArticlesOrBylaws>
        <UnrelatedBusIncomeOver1000>0</UnrelatedBusIncomeOver1000>
        <TerminationEtc>0</TerminationEtc>
        <RequirementsOfSect508e>1</RequirementsOfSect508e>
        <AtLeast5000InAssets>1</AtLeast5000InAssets>
        <StatesFiledWith>CO</StatesFiledWith>
        <Form990PFFiledWithAG>1</Form990PFFiledWithAG>
        <PrivateOperatingFoundation>0</PrivateOperatingFoundation>
        <NewSubstantialContributors>0</NewSubstantialContributors>
        <InterestInControlledEntity>0</InterestInControlledEntity>
        <ApplicableInsuranceContract>0</ApplicableInsuranceContract>
        <ComplyWithPublicInspectionRqr>1</ComplyWithPublicInspectionRqr>
        <WebsiteAddress>bonfils-stanton.org</WebsiteAddress>
        <BooksInCareOfBusinessName>
          <BusinessNameLine1>Ann Hovland</BusinessNameLine1>
        </BooksInCareOfBusinessName>
        <BooksInCareOfPhoneNumber>3038253774</BooksInCareOfPhoneNumber>
        <BooksInCareOfUSAddress>
          <AddressLine1>1601 Arapahoe Street No 500</AddressLine1>
          <City>Denver</City>
          <State>CO</State>
          <ZIPCode>80202</ZIPCode>
        </BooksInCareOfUSAddress>
        <ForeignBank>0</ForeignBank>
      </StatementsRegardingActivities>
      <StatementsRegardingActy4720>
        <SaleOrExchangeWithDsqflyPerson>0</SaleOrExchangeWithDsqflyPerson>
        <BorrowOrLendWithDsqflyPerson>0</BorrowOrLendWithDsqflyPerson>
        <FurnishedGoodsWithDsqflyPerson>0</FurnishedGoodsWithDsqflyPerson>
        <PayCompensationToDsqflyPerson>1</PayCompensationToDsqflyPerson>
        <TransferAssetsToDsqflyPerson>0</TransferAssetsToDsqflyPerson>
        <PaymentToGovernmentOffical>0</PaymentToGovernmentOffical>
        <ActsFailToQualifyAsExceptions>0</ActsFailToQualifyAsExceptions>
        <UncorrectedPriorActs>0</UncorrectedPriorActs>
        <UndistributedIncomePriorYears>0</UndistributedIncomePriorYears>
        <BusinessHoldings>0</BusinessHoldings>
        <JeopardyInvestments>0</JeopardyInvestments>
        <UncorrectedJeopardyInvestments>0</UncorrectedJeopardyInvestments>
        <InfluenceLegislation>0</InfluenceLegislation>
        <InfluenceElection>0</InfluenceElection>
        <GrantsToIndividuals>0</GrantsToIndividuals>
        <GrantsToOrganizations>1</GrantsToOrganizations>
        <NoncharitablePurpose>0</NoncharitablePurpose>
        <TrFailToQualifyAsExceptions>0</TrFailToQualifyAsExceptions>
        <MaintExpendResponsibility referenceDocumentId="RetDoc2118100001">1</MaintExpendResponsibility>
        <RcvFundsToPayPrsnlBnftContract>0</RcvFundsToPayPrsnlBnftContract>
        <PayPremiumsPrsnlBnftContract>0</PayPremiumsPrsnlBnftContract>
        <ProhibitedTaxShelterTransactn>0</ProhibitedTaxShelterTransactn>
      </StatementsRegardingActy4720>
      <OfcrDirTrusteesKeyEmployeeInfo>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>Dorothy Horrell</PersonName>
          <USAddress>
            <AddressLine1>1601 Arapahoe Street Ste 500</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80202</ZIPCode>
          </USAddress>
          <Title>President</Title>
          <AvgHoursPerWkDevotedToPosition>40.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>219667</Compensation>
          <ContriToEmplBenefitPlansEtc>32377</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>Susan France retired 53013</PersonName>
          <USAddress>
            <AddressLine1>1601 Arapahoe Street Ste 500</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80202</ZIPCode>
          </USAddress>
          <Title>Vice President of Programs</Title>
          <AvgHoursPerWkDevotedToPosition>32.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>82273</Compensation>
          <ContriToEmplBenefitPlansEtc>5759</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>Ann Hovland</PersonName>
          <USAddress>
            <AddressLine1>1601 Arapahoe Street Ste 500</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80202</ZIPCode>
          </USAddress>
          <Title>CFO/Treasurer/Secretary</Title>
          <AvgHoursPerWkDevotedToPosition>28.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>75600</Compensation>
          <ContriToEmplBenefitPlansEtc>5292</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>Landis Martin</PersonName>
          <USAddress>
            <AddressLine1>1601 Arapahoe Street Ste 500</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80202</ZIPCode>
          </USAddress>
          <Title>chairman</Title>
          <AvgHoursPerWkDevotedToPosition>2.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>John E Repine MD</PersonName>
          <USAddress>
            <AddressLine1>1601 Arapahoe Street Ste 500</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80202</ZIPCode>
          </USAddress>
          <Title>Trustee</Title>
          <AvgHoursPerWkDevotedToPosition>2.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>1250</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>Harold R Logan Jr</PersonName>
          <USAddress>
            <AddressLine1>1601 Arapahoe Street Ste 500</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80202</ZIPCode>
          </USAddress>
          <Title>Trustee</Title>
          <AvgHoursPerWkDevotedToPosition>2.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>1250</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>Mark G Falcone</PersonName>
          <USAddress>
            <AddressLine1>1601 Arapahoe Street Ste 500</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80202</ZIPCode>
          </USAddress>
          <Title>Trustee</Title>
          <AvgHoursPerWkDevotedToPosition>2.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>1250</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>Julanna V Gilbert Phd</PersonName>
          <USAddress>
            <AddressLine1>1601 Arapahoe Street Ste 500</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80202</ZIPCode>
          </USAddress>
          <Title>Trustee</Title>
          <AvgHoursPerWkDevotedToPosition>2.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>1250</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>Denise M O'Leary</PersonName>
          <USAddress>
            <AddressLine1>1601 Arapahoe Street Ste 500</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80202</ZIPCode>
          </USAddress>
          <Title>Trustee</Title>
          <AvgHoursPerWkDevotedToPosition>2.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <CompensationOfHighestPaidEmpl>
          <Name>Monique M Loseke</Name>
          <USAddress>
            <AddressLine1>1601 Arapahoe St Ste 500</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80202</ZIPCode>
          </USAddress>
          <Title>Executive Assistant</Title>
          <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
          <Compensation>57000</Compensation>
          <EmployeeBenefits>3990</EmployeeBenefits>
          <ExpenseAccount>0</ExpenseAccount>
        </CompensationOfHighestPaidEmpl>
        <TotNumberOfOthEmplPaidOver50k>0</TotNumberOfOthEmplPaidOver50k>
        <CompensationOfHghstPaidCntrct>
          <BusinessName>
            <BusinessNameLine1>Monticello Associates</BusinessNameLine1>
          </BusinessName>
          <USAddress>
            <AddressLine1>1800 Larimer Street Suite 2100</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80202</ZIPCode>
          </USAddress>
          <TypeOfService>Asset Management</TypeOfService>
          <Compensation>75000</Compensation>
        </CompensationOfHghstPaidCntrct>
        <TotNumberOfCntrctPaidOver50k>0</TotNumberOfCntrctPaidOver50k>
      </OfcrDirTrusteesKeyEmployeeInfo>
      <SummaryOfDirectCharitableActy>
        <Description1>N/A</Description1>
        <Expenses1>0</Expenses1>
      </SummaryOfDirectCharitableActy>
      <SumOfProgramRelatedInvestments>
        <Description1>N/A</Description1>
        <Amount1>0</Amount1>
        <Total>0</Total>
      </SumOfProgramRelatedInvestments>
      <MinimumInvestmentReturn>
        <AvgMonthlyFMVOfSecurities>74600561</AvgMonthlyFMVOfSecurities>
        <AvgMonthlyCashBalances>826695</AvgMonthlyCashBalances>
        <FMVAllOtherNoncharitableAssets>0</FMVAllOtherNoncharitableAssets>
        <TotalFMVOfUnusedAssets>75427256</TotalFMVOfUnusedAssets>
        <ReductionClaimed>0</ReductionClaimed>
        <AcquisitionIndebtedness>0</AcquisitionIndebtedness>
        <AdjTotalFMVOfUnusedAssets>75427256</AdjTotalFMVOfUnusedAssets>
        <CashDeemedCharitable>1131409</CashDeemedCharitable>
        <NetNoncharitableAssets>74295847</NetNoncharitableAssets>
        <MinimumInvestmentReturn>3714792</MinimumInvestmentReturn>
      </MinimumInvestmentReturn>
      <DistributableAmount>
        <MinimumInvestmentReturn>3714792</MinimumInvestmentReturn>
        <TaxBasedOnInvestmentIncome>22671</TaxBasedOnInvestmentIncome>
        <TotalTax>22671</TotalTax>
        <DistributableAmountBeforeAdj>3692121</DistributableAmountBeforeAdj>
        <RecoveriesQlfyDistributions>14853</RecoveriesQlfyDistributions>
        <DistributableAmountBeforeDed>3706974</DistributableAmountBeforeDed>
        <DeductionFrDistributableAmount>0</DeductionFrDistributableAmount>
        <DistributableAmountAsAdjusted>3706974</DistributableAmountAsAdjusted>
      </DistributableAmount>
      <QualifyingDistributions>
        <ExpensesAndContributions>4116927</ExpensesAndContributions>
        <ProgramRelatedInvestmentsTotal>0</ProgramRelatedInvestmentsTotal>
        <QualifyingDistributions>4116927</QualifyingDistributions>
        <OnePctSect4940eOrgNetInvstIncm>22671</OnePctSect4940eOrgNetInvstIncm>
        <AdjQualifyingDistributions>4094256</AdjQualifyingDistributions>
      </QualifyingDistributions>
      <UndistributedIncome>
        <DistributableAmountAsAdjusted>3706974</DistributableAmountAsAdjusted>
        <UndistributedIncomePriorYear>0</UndistributedIncomePriorYear>
        <TotalForPriorYears>0</TotalForPriorYears>
        <ExcessDistriCarryoverYear4>761943</ExcessDistriCarryoverYear4>
        <ExcessDistriCarryoverYear3>196490</ExcessDistriCarryoverYear3>
        <ExcessDistriCarryoverYear2>129076</ExcessDistriCarryoverYear2>
        <TotalExcessDistriCarryover>1087509</TotalExcessDistriCarryover>
        <QualifyingDistributions>4116927</QualifyingDistributions>
        <AppliedToYear1>0</AppliedToYear1>
        <AppliedToPriorYears>0</AppliedToPriorYears>
        <TreatedAsDistriFromCorpus>0</TreatedAsDistriFromCorpus>
        <AppliedToCurrentYear>3706974</AppliedToCurrentYear>
        <RemainingDistriFromCorpus>409953</RemainingDistriFromCorpus>
        <ExcessDistriCyovAppCYCorpus>0</ExcessDistriCyovAppCYCorpus>
        <ExcessDistriCyovAppliedCY>0</ExcessDistriCyovAppliedCY>
        <TotalCorpus>1497462</TotalCorpus>
        <PriorYearUndistributedIncome>0</PriorYearUndistributedIncome>
        <PriorYearDeficiencyOrTax>0</PriorYearDeficiencyOrTax>
        <TaxableAmount1>0</TaxableAmount1>
        <TaxableAmount2>0</TaxableAmount2>
        <UndistributedIncomeCY>0</UndistributedIncomeCY>
        <DistriFromCorpus170b1EOr4942g3>0</DistriFromCorpus170b1EOr4942g3>
        <ExcessDistriCyovFromYear5>0</ExcessDistriCyovFromYear5>
        <ExcessDistriCyovToNextYear>1497462</ExcessDistriCyovToNextYear>
        <ExcessFromYear4>761943</ExcessFromYear4>
        <ExcessFromYear3>196490</ExcessFromYear3>
        <ExcessFromYear2>129076</ExcessFromYear2>
        <ExcessFromCurrentYear>409953</ExcessFromCurrentYear>
      </UndistributedIncome>
      <SupplementaryInformation>
        <AppicationSubmissionInfo>
          <RecipientName>President</RecipientName>
          <RecipientUSAddress>
            <AddressLine1>1601 Arapahoe Street Suite 500</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80202</ZIPCode>
          </RecipientUSAddress>
          <RecipientPhoneNumber>3038253774</RecipientPhoneNumber>
          <FormAndInfoAndMaterials>Organizations seeking grants are requested to call the Foundation to discuss the potential funding requests before submitting a proposal. The Foundation accepts the Colorado Common Grant Application. Organizations are allowed to submit only one proposal in a calendar year.</FormAndInfoAndMaterials>
          <SubmissionDeadlines>Last business day of the following months: January, April, July, and October.</SubmissionDeadlines>
          <RestrictionsOnAwards>Foundation resources are invested in organizations contributing to Denver's art and cultural community through three grant-making strategies: unrestricted operating support to arts organizations committed to excellence, innovation, and sustainability; capacity building grants for areas such as leadership, governance, management systems, strategic planning, and evaluation; grants for capital projects for organizations with which the Foundation has an established relationship and for which 75% of the campaign goal has been achieved.</RestrictionsOnAwards>
        </AppicationSubmissionInfo>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Allied Arts</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>415 Monaco Parkway</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>802206015</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>to provide financial aid to young artists</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Artreach</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>3400 W 38th Avenue Suite 200</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80211</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>general operating support and strategic planning efforts</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Aspen Santa Fe Ballet</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>245 sage way</AddressLine1>
            <City>Aspen</City>
            <State>CO</State>
            <ZIPCode>816112516</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>livingston fellowship to support advanced professional development</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Ballet Nouveau Colorado dba Wonderbound</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1075 Park Avenue West</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80205</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>for transition and start-up costs to form and launch Wonderbound</PurposeOfGrantOrContribution>
          <Amount>75000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Big Brothers Big Sisters of Colorado Inc</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1391 N Speer Blvd Ste 450</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80204</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>for general operating support</PurposeOfGrantOrContribution>
          <Amount>20000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Buntport Theater Company</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>717 Lipan</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80204</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>general operating support and to assist with an HVAC system purchase</PurposeOfGrantOrContribution>
          <Amount>30000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Central City Opera House Association</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>400 South Colorado Boulevard Suite</AddressLine1>
            <AddressLine2>530</AddressLine2>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80246</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>for general operating support</PurposeOfGrantOrContribution>
          <Amount>75000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>The Children's Museum of Denver</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2121 Childrens Museum Drive</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80211</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>for general operating support</PurposeOfGrantOrContribution>
          <Amount>20000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Clyfford Still Museum</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1250 Bannock Street</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80204</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>to support activities related to the establishment of the Museum</PurposeOfGrantOrContribution>
          <Amount>300000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Colorado Association of Funders</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>600 South Cherry Street Suite 1200</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80246</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>for general operating support</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Colorado Ballet</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1278 Lincoln Street</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80203</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>for general operating support</PurposeOfGrantOrContribution>
          <Amount>50000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Colorado Children's Chorale</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2420 West 26th Avenue Suite 350-D</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80211</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>for general operating support</PurposeOfGrantOrContribution>
          <Amount>40000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Colorado Nonprofit Association</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>789 Sherman Street Suite 240</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80203</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>to strengthen the leadership capacity of Colorado's nonprofit sector</PurposeOfGrantOrContribution>
          <Amount>25000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Colorado Springs Conservatory</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>415 South Sahwatch Street</AddressLine1>
            <City>Colorado Springs</City>
            <State>CO</State>
            <ZIPCode>80903</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>for the summer cooperative study program with Central City Opera</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Community Foundation Serving Greeley &amp; Weld Cty</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>711 8th Avenue</AddressLine1>
            <City>Greeley</City>
            <State>CO</State>
            <ZIPCode>80631</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>contribution in memory of Jil Rosentrater</PurposeOfGrantOrContribution>
          <Amount>500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Curious Theatre Company</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1080 Acoma Street</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80204</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>general operating support</PurposeOfGrantOrContribution>
          <Amount>40000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Denver Botanic Gardens</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>909 York Street</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>802063799</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>to support the Flourish Campaign</PurposeOfGrantOrContribution>
          <Amount>300000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Denver Botanic Gardens</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>909 York Street</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>802063799</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>to support the 2013 Bonfils-Stanton Lecture Series</PurposeOfGrantOrContribution>
          <Amount>50000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Denver Young Artists Orchestra</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1245 East Colfax Avenue Suite 302</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80218</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>for general operating support</PurposeOfGrantOrContribution>
          <Amount>20000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Eleanor Roosevelt Institute for Cancer Research</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2101 East Wesley Avenue</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80208</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>to support research in changes in purine metabolism</PurposeOfGrantOrContribution>
          <Amount>40000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Friends of Chamber Music</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>191 University Blvd Suite 974</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>802064613</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>to support the 2012-2013 piano series</PurposeOfGrantOrContribution>
          <Amount>30000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Hunger Free Colorado</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>7000 South Yosemite Street Suite</AddressLine1>
            <AddressLine2>170</AddressLine2>
            <City>Centennial</City>
            <State>CO</State>
            <ZIPCode>80112</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Livingston Fellowship to support advanced professional development</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>La Puente Home Inc</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>Post Office Box 1235</AddressLine1>
            <City>Alamosa</City>
            <State>CO</State>
            <ZIPCode>81101</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>for essential human services and emergency food assistance</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>LiveWell Colorado</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1490 Lafayette Street Suite 404</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80218</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Livingston Fellowship to support advanced professional development</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Mi Casa Resource Center</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>360 Acoma Street</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80223</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>for general operating support</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Museo de las Americas</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>861 Santa Fe Drive</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>802044344</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>for general operating support</PurposeOfGrantOrContribution>
          <Amount>20000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Museum of Contemporary ArtDenver</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1485 Delgany</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80202</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Catalyst grant to support the Director's Vision Campaign</PurposeOfGrantOrContribution>
          <Amount>200000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>National Repertory Orchestra</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>Post Office Box 6336</AddressLine1>
            <City>Breckenridge</City>
            <State>CO</State>
            <ZIPCode>80424</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>for general operating support</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Opera Colorado</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>695 South Colorado Boulevard Suite</AddressLine1>
            <AddressLine2>20</AddressLine2>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>802468010</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>for general operating support</PurposeOfGrantOrContribution>
          <Amount>50000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>PHAMALy</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO Box 44216</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>802014216</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>to support a three-dimensional patron engagement model</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Rocky Mountain MicroFinance Institute</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO Box 48138</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80204</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Livingston Fellowship to support advanced professional development</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Rocky Mountain Public Broadcasting Network Inc</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1089 Bannock Street</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80204</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>to help produce the Arts District series</PurposeOfGrantOrContribution>
          <Amount>25000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Samaritan House</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2301 Lawrence Street</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>802052126</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>for the Family Services program</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>St Martin's Chamber Choir</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2015 Glenarm Place</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>802053121</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>to support the 2012-13 season and educational outreach</PurposeOfGrantOrContribution>
          <Amount>15000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Su Teatro</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>721 Santa Fe Drive</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80204</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>innovation grant to increase artistic capacity through a two-year artist in residency initiative</PurposeOfGrantOrContribution>
          <Amount>30000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Su Teatro</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>721 Santa Fe Drive</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80204</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>for general operating support</PurposeOfGrantOrContribution>
          <Amount>25000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>University of Colorado Foundation</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>4740 Walnut Street</AddressLine1>
            <City>Boulder</City>
            <State>CO</State>
            <ZIPCode>80301</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>in honor of 2013 annual award recipient Tim Gill</PurposeOfGrantOrContribution>
          <Amount>35000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>University of Colorado Foundation</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>4740 Walnut Street</AddressLine1>
            <City>Boulder</City>
            <State>CO</State>
            <ZIPCode>80301</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>in honor of 2013 annual award recipient Leslie A. Leinwand, Ph.D.</PurposeOfGrantOrContribution>
          <Amount>35000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>University of Denver</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2190 South High Street</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80208</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>to support the Institute for Leaders in Development at University College</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Warren Village</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1323 Gilpin Street</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>802182552</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>for general operating support</PurposeOfGrantOrContribution>
          <Amount>25000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Warren Village</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1323 Gilpin Street</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>802182552</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Livingston Fellowship to support advanced professional development</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Women's Bean Project</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>3201 Curtis Street</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>802052754</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>to support the transitional employment program</PurposeOfGrantOrContribution>
          <Amount>15000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>University of Colorado Foundation</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>4740 Walnut Street</AddressLine1>
            <City>Boulder</City>
            <State>CO</State>
            <ZIPCode>80301</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>for the investigation of long-lived rat model project</PurposeOfGrantOrContribution>
          <Amount>100000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Aspen Music Festival</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>225 Music School Road</AddressLine1>
            <City>Aspen</City>
            <State>CO</State>
            <ZIPCode>81611</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>In memory of Gordon Hardy</PurposeOfGrantOrContribution>
          <Amount>500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Aspen Writers' Foundation</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>110 East Hallam Street</AddressLine1>
            <City>Aspen</City>
            <State>CO</State>
            <ZIPCode>81611</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Livingston Fellowship to support advanced professional development</PurposeOfGrantOrContribution>
          <Amount>8060</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Augustana Arts</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>5000 E Alameda Avenue</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80246</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Musica Sacra Chamber Orchestra's collaboration with Denver Art Museum</PurposeOfGrantOrContribution>
          <Amount>25000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Ballet Nouveau Colorado dba Wonderbound</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1075 Park Avenue West</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80205</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>general operating support</PurposeOfGrantOrContribution>
          <Amount>20000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Ballet Nouveau Colorado dba Wonderbound</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1075 Park Avenue West</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80205</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>In honor of Susan France upon her retirement</PurposeOfGrantOrContribution>
          <Amount>20000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Baroque Chamber Orchestra of Colorado</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO Box 200098</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80220</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>general operating funds to support artistic innovation</PurposeOfGrantOrContribution>
          <Amount>15000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Citizens for Arts to Zoo</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>c/o 519 S Ogden Street</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80209</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501(c)(4)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>to support a regional cultural survey</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>City Park Jazz Inc</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO Box 18384</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80218</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>to build organizational capacity through board development</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>The Civic Canopy</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>3532 Franklin Street Suite G</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80205</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Livingston Fellowship to support advanced professional development</PurposeOfGrantOrContribution>
          <Amount>12500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Cleo Parker Robinson Dance Theatre</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>119 Park Avenue West</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80205</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>for general operating support</PurposeOfGrantOrContribution>
          <Amount>15000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Colorado Latino Leadership Advocacy and Research Organization</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>309 West First Avenue</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80223</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Livingston Fellowship to support advanced professional development</PurposeOfGrantOrContribution>
          <Amount>12500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Colorado Public Radio</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>7409 South Alton Court</AddressLine1>
            <City>Centennial</City>
            <State>CO</State>
            <ZIPCode>80112</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>to establish an Arts News Bureau to provide arts news, criticism and information</PurposeOfGrantOrContribution>
          <Amount>300000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Colorado Symphony Association</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>Boettcher Concert Hall 1000 14th</AddressLine1>
            <AddressLine2>Street 15</AddressLine2>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80202</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>for general operating support</PurposeOfGrantOrContribution>
          <Amount>100000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>The Denver Art Museum</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>100 West 14th Avenue Parkway</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80204</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>to support the strategic planning phase of Master Plan North 2021</PurposeOfGrantOrContribution>
          <Amount>500000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Denver Biennial of the Americas</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1515 Wynkoop Suite 200</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80202</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>for general operating support</PurposeOfGrantOrContribution>
          <Amount>250000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>The Downtown Denver Partnership Inc</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>511 Sixteenth Street Suite 200</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80202</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>to support Confluence Denver an online news magazine</PurposeOfGrantOrContribution>
          <Amount>12000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>EmcArts</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>127 West 122nd Street</AddressLine1>
            <City>New York</City>
            <State>NY</State>
            <ZIPCode>10027</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>to support the Arts Innovation Summit</PurposeOfGrantOrContribution>
          <Amount>100000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Habitat for Humanity of Metro Denver</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>3245 Eliot Street</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80211</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Livingston Fellowship to support advanced professional development</PurposeOfGrantOrContribution>
          <Amount>12500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>History Colorado</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1200 Broadway</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80203</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>to support the Make History Colorado! campaign</PurposeOfGrantOrContribution>
          <Amount>15000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>Pelham G Pearce Jr</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>11705 W 24th Place Circle</AddressLine1>
            <City>Lakewood</City>
            <State>CO</State>
            <ZIPCode>80215</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Individual</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>2013 Annual Award Recipient</PurposeOfGrantOrContribution>
          <Amount>35000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Redline</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2350 Arapahoe Street</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80205</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Livingston Fellowship to support advanced professional development</PurposeOfGrantOrContribution>
          <Amount>12500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Scientific and Cultural Facilities District</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>899 Logan Street Suite 500</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80203</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>to support community activities related to the stakeholder engagement process</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Teach for America - Colorado</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1391 Speer Boulevard Suite 710</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80204</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Livingston Fellowship to support advanced professional development</PurposeOfGrantOrContribution>
          <Amount>12500</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>3328560</TotGrantOrContriPaidDuringYear>
        <GrantOrContriApprovedForFuture>
          <RecipientBusinessName>
            <BusinessNameLine1>Ballet Nouveau Colorado dba Wonderbound</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1075 Park Avenue West</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80205</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Livingston Fellowship to support advanced professional development</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriApprovedForFuture>
        <GrantOrContriApprovedForFuture>
          <RecipientBusinessName>
            <BusinessNameLine1>The Civic Canopy</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>3532 Franklin Street Suite G</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80205</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Livingston Fellowship to support advanced professional development</PurposeOfGrantOrContribution>
          <Amount>12500</Amount>
        </GrantOrContriApprovedForFuture>
        <GrantOrContriApprovedForFuture>
          <RecipientBusinessName>
            <BusinessNameLine1>Colorado Latino Leadership Advocacy and Research Organization</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>309 West First Avenue</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80223</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Livingston Fellowship to support advanced professional development</PurposeOfGrantOrContribution>
          <Amount>12500</Amount>
        </GrantOrContriApprovedForFuture>
        <GrantOrContriApprovedForFuture>
          <RecipientBusinessName>
            <BusinessNameLine1>Habitat for Humanity of Metro Denver</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>3245 Eliot Street</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80211</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Livingston Fellowship to support advanced professional development</PurposeOfGrantOrContribution>
          <Amount>12500</Amount>
        </GrantOrContriApprovedForFuture>
        <GrantOrContriApprovedForFuture>
          <RecipientBusinessName>
            <BusinessNameLine1>Redline</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2350 Arapahoe Street</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80205</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Livingston Fellowship to support advanced professional development</PurposeOfGrantOrContribution>
          <Amount>12500</Amount>
        </GrantOrContriApprovedForFuture>
        <GrantOrContriApprovedForFuture>
          <RecipientBusinessName>
            <BusinessNameLine1>Teach for America - Colorado</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1391 Speer Boulevard Suite 710</AddressLine1>
            <City>Denver</City>
            <State>CO</State>
            <ZIPCode>80204</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Livingston Fellowship to support advanced professional development</PurposeOfGrantOrContribution>
          <Amount>12500</Amount>
        </GrantOrContriApprovedForFuture>
        <TotGrantOrContriApprovedFuture>72500</TotGrantOrContriApprovedFuture>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <DividendsAndIntFromSecPartVII>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>841191</ExclusionAmount>
        </DividendsAndIntFromSecPartVII>
        <GainSalesAssetsOthThanInvntry>
          <ExclusionCode>18</ExclusionCode>
          <ExclusionAmount>1597483</ExclusionAmount>
        </GainSalesAssetsOthThanInvntry>
        <SubtotalsPartXVIA>
          <UnrelatedBusinessIncomeAmount>0</UnrelatedBusinessIncomeAmount>
          <ExclusionAmount>2438674</ExclusionAmount>
          <RelatedOrExemptFunctionIncome>0</RelatedOrExemptFunctionIncome>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>2438674</TotalPartXVIA>
      </AnalysisIncomeProducingActy>
      <TrnsfrTrRlnWithNoncharitableEO>
        <TrnsfrOfCashToNoncharitableEO>0</TrnsfrOfCashToNoncharitableEO>
        <TrnsfrOthAssetsNoncharitableEO>0</TrnsfrOthAssetsNoncharitableEO>
        <SalesOrExchangesOfAssets>0</SalesOrExchangesOfAssets>
        <PurchaseAssetsNoncharitableEO>0</PurchaseAssetsNoncharitableEO>
        <RentalOfFacilitiesEtc>0</RentalOfFacilitiesEtc>
        <ReimbursementArrangements>0</ReimbursementArrangements>
        <LoansOrLoanGuarantees>0</LoansOrLoanGuarantees>
        <PerformanceOfServicesEtc>0</PerformanceOfServicesEtc>
        <SharingOfFacilitiesEtc>0</SharingOfFacilitiesEtc>
        <RelationshipsNoncharitableEOs>0</RelationshipsNoncharitableEOs>
      </TrnsfrTrRlnWithNoncharitableEO>
    </IRS990PF>
    <AccountingFeesSchedule documentId="RetDoc2002200001">
      <AccountingFees>
        <Category>Kundinger, Corder &amp; Engle, P.C.</Category>
        <Amount>18000</Amount>
        <NetInvestmentIncome>3600</NetInvestmentIncome>
        <DisbursementsCharitablePrps>14400</DisbursementsCharitablePrps>
      </AccountingFees>
    </AccountingFeesSchedule>
    <ExpenditureResponsibilityStmt documentId="RetDoc2118100001">
      <ExpenditureResponsibility>
        <BusinessName>
          <BusinessNameLine1>Citizens for Arts to Zoo</BusinessNameLine1>
        </BusinessName>
        <USAddress>
          <AddressLine1>c/o 519 S Ogden Street</AddressLine1>
          <City>Denver</City>
          <State>CO</State>
          <ZIPCode>80209</ZIPCode>
        </USAddress>
        <GrantDate>2013-01-14</GrantDate>
        <GrantAmount>10000</GrantAmount>
        <GrantPurpose>To support a regional cultural survey related to the purpose, membership, operation, and benefits of the Scientific and Cultural Facilities District</GrantPurpose>
        <AmountExpendedByGrantee>8000</AmountExpendedByGrantee>
        <AnyDiversionByGrantee>To the knowledge of the grantor, no funds have been diverted</AnyDiversionByGrantee>
        <DatesOfReportsByGrantee>Interim report due August 2, 2013 and final report due December 31, 2013</DatesOfReportsByGrantee>
        <DateOfVerification>2013-08-02</DateOfVerification>
      </ExpenditureResponsibility>
    </ExpenditureResponsibilityStmt>
    <InvestmentsCorpBondsSchedule documentId="RetDoc2044400001">
      <InvestmentsCorpBonds>
        <NameOfBond>Wells Fargo #2 Fund</NameOfBond>
        <EOYBookValue>111358</EOYBookValue>
        <EOYFMV>123050</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>LeggMason Institutional Fund</NameOfBond>
        <EOYBookValue>4625478</EOYBookValue>
        <EOYFMV>4573651</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>PIMCO Short-Term Institutional Fund</NameOfBond>
        <EOYBookValue>524653</EOYBookValue>
        <EOYFMV>522914</EOYFMV>
      </InvestmentsCorpBonds>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc2018900001">
      <InvestmentsCorpStock>
        <NameOfStock>Dodge &amp; Cox International Fund</NameOfStock>
        <EOYBookValue>6124698</EOYBookValue>
        <EOYFMV>6369490</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>Longleaf Small Cap Fund</NameOfStock>
        <EOYBookValue>1144157</EOYBookValue>
        <EOYFMV>1588331</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>Vangard Dividend Growth Fund</NameOfStock>
        <EOYBookValue>7182358</EOYBookValue>
        <EOYFMV>9386345</EOYFMV>
      </InvestmentsCorpStock>
    </InvestmentsCorpStockSchedule>
    <InvestmentsGovtObligationsSch documentId="RetDoc2210400001">
      <USGovtSecuritiesEOYBookValue>43321</USGovtSecuritiesEOYBookValue>
      <USGovtSecuritiesEOYFMV>84504</USGovtSecuritiesEOYFMV>
      <StateLocalSecuritiesEOYBookVal>0</StateLocalSecuritiesEOYBookVal>
      <StateLocalSecuritiesEOYFMV>0</StateLocalSecuritiesEOYFMV>
    </InvestmentsGovtObligationsSch>
    <InvestmentsOtherSchedule2 documentId="RetDoc2018100001">
      <InvestmentsOther>
        <CategoryOrItem>Addison Clark Offshore Fund</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>2000000</BookValue>
        <EOYFMV>2622731</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>Capital Guardian Emerging markets</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>4140557</BookValue>
        <EOYFMV>3960920</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>CamCap Resources Offshore Fund</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>2500000</BookValue>
        <EOYFMV>2106483</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>Chilton International Fund</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>1859358</BookValue>
        <EOYFMV>3659207</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>Convexity Capital Offshore LP</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>2918257</BookValue>
        <EOYFMV>7551005</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>Davidson Kempner Capital Management, LLC</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>4635917</BookValue>
        <EOYFMV>5082928</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>Highclere International Investors</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>1122199</BookValue>
        <EOYFMV>1376592</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>Indus Asia Pacific Fund</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>2000000</BookValue>
        <EOYFMV>2198408</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>Maverick Fund</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>3500000</BookValue>
        <EOYFMV>3862083</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>Newport Asia Institutional Fund</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>2882532</BookValue>
        <EOYFMV>3840544</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>OchZiff Overseas Fund</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>1815389</BookValue>
        <EOYFMV>4666484</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>Wellington Trust Fund</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>3527056</BookValue>
        <EOYFMV>3528893</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>Spinnaker Global Emerging Markets Fund</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>3000000</BookValue>
        <EOYFMV>3222600</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>Daruma Gingko Fund</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>1551051</BookValue>
        <EOYFMV>2482119</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>Canyon Value Realization Fund</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>2000000</BookValue>
        <EOYFMV>2361790</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>Spinnaker GSS Holdings</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>400000</BookValue>
        <EOYFMV>371162</EOYFMV>
      </InvestmentsOther>
    </InvestmentsOtherSchedule2>
    <LandEtcSchedule2 documentId="RetDoc2059000001">
      <LandEtc>
        <CategoryOrItem>Office condos</CategoryOrItem>
        <CostOrOtherBasis>955756</CostOrOtherBasis>
        <AccumulatedDepreciation>209254</AccumulatedDepreciation>
        <BookValue>746502</BookValue>
        <EOYFMV>746502</EOYFMV>
      </LandEtc>
      <LandEtc>
        <CategoryOrItem>Furniture and equipment</CategoryOrItem>
        <CostOrOtherBasis>219620</CostOrOtherBasis>
        <AccumulatedDepreciation>156626</AccumulatedDepreciation>
        <BookValue>62994</BookValue>
        <EOYFMV>62994</EOYFMV>
      </LandEtc>
      <LandEtc>
        <CategoryOrItem>Computer equipment</CategoryOrItem>
        <CostOrOtherBasis>26251</CostOrOtherBasis>
        <AccumulatedDepreciation>24451</AccumulatedDepreciation>
        <BookValue>1800</BookValue>
        <EOYFMV>1800</EOYFMV>
      </LandEtc>
    </LandEtcSchedule2>
    <LegalFeesSchedule documentId="RetDoc2002100001">
      <LegalFees>
        <Category>Casey &amp; Klene, P.C.</Category>
        <Amount>11544</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <DisbursementsCharitablePrps>11544</DisbursementsCharitablePrps>
      </LegalFees>
    </LegalFeesSchedule>
    <OtherAssetsSchedule documentId="RetDoc2046600001">
      <OtherAssets>
        <Description>Fine art and deposits</Description>
        <BOYBookValue>21590</BOYBookValue>
        <EOYBookValue>21591</EOYBookValue>
        <EOYFMV>21591</EOYFMV>
      </OtherAssets>
      <OtherAssets>
        <Description>Property development costs</Description>
        <BOYBookValue>150</BOYBookValue>
        <EOYBookValue>150</EOYBookValue>
        <EOYFMV>150</EOYFMV>
      </OtherAssets>
      <OtherAssets>
        <Description>Defferred compensation fund</Description>
        <BOYBookValue>158289</BOYBookValue>
        <EOYBookValue>195995</EOYBookValue>
        <EOYFMV>195995</EOYFMV>
      </OtherAssets>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpenses>
        <Description>Assessments and dues</Description>
        <RevenueAndExpensesPerBooks>29145</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>1749</NetInvestmentIncome>
        <DisbursementsCharitablePrps>27396</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Trustee expense</Description>
        <RevenueAndExpensesPerBooks>899</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <DisbursementsCharitablePrps>899</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Awards luncheon</Description>
        <RevenueAndExpensesPerBooks>40841</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <DisbursementsCharitablePrps>40841</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Maintenance and repairs</Description>
        <RevenueAndExpensesPerBooks>7305</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>438</NetInvestmentIncome>
        <DisbursementsCharitablePrps>6867</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Insurance</Description>
        <RevenueAndExpensesPerBooks>9819</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>809</NetInvestmentIncome>
        <DisbursementsCharitablePrps>9010</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Livingston Fellows expenses</Description>
        <RevenueAndExpensesPerBooks>56726</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <DisbursementsCharitablePrps>56726</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Office expense and misc.</Description>
        <RevenueAndExpensesPerBooks>21298</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>1792</NetInvestmentIncome>
        <DisbursementsCharitablePrps>19506</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>New Initiative</Description>
        <RevenueAndExpensesPerBooks>11577</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <DisbursementsCharitablePrps>11577</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>President transition</Description>
        <RevenueAndExpensesPerBooks>4839</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <DisbursementsCharitablePrps>4839</DisbursementsCharitablePrps>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <OtherLiabilitiesSchedule documentId="RetDoc2065700001">
      <OtherLiabilities>
        <Description>Deferred compensation fund</Description>
        <BOYBookValue>158289</BOYBookValue>
        <EOYBookValue>195995</EOYBookValue>
      </OtherLiabilities>
    </OtherLiabilitiesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc2002300001">
      <OtherProfessionalFees>
        <Category>Wellington Trust Fund</Category>
        <Amount>37785</Amount>
        <NetInvestmentIncome>37785</NetInvestmentIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </OtherProfessionalFees>
      <OtherProfessionalFees>
        <Category>Wells Fargo Bank</Category>
        <Amount>3000</Amount>
        <NetInvestmentIncome>3000</NetInvestmentIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </OtherProfessionalFees>
      <OtherProfessionalFees>
        <Category>Monticello and Associates</Category>
        <Amount>75000</Amount>
        <NetInvestmentIncome>75000</NetInvestmentIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </OtherProfessionalFees>
      <OtherProfessionalFees>
        <Category>Microedge, Inc.</Category>
        <Amount>5693</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <DisbursementsCharitablePrps>5693</DisbursementsCharitablePrps>
      </OtherProfessionalFees>
      <OtherProfessionalFees>
        <Category>TSP1, LLC</Category>
        <Amount>3241</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <DisbursementsCharitablePrps>3241</DisbursementsCharitablePrps>
      </OtherProfessionalFees>
      <OtherProfessionalFees>
        <Category>Vermillion, Inc.</Category>
        <Amount>2813</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <DisbursementsCharitablePrps>2813</DisbursementsCharitablePrps>
      </OtherProfessionalFees>
      <OtherProfessionalFees>
        <Category>Gina Ferrari-contract grant officer</Category>
        <Amount>4100</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <DisbursementsCharitablePrps>4100</DisbursementsCharitablePrps>
      </OtherProfessionalFees>
      <OtherProfessionalFees>
        <Category>Decatur &amp; Company</Category>
        <Amount>35000</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <DisbursementsCharitablePrps>35000</DisbursementsCharitablePrps>
      </OtherProfessionalFees>
      <OtherProfessionalFees>
        <Category>Fitzgerald Peterson</Category>
        <Amount>3500</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <DisbursementsCharitablePrps>3500</DisbursementsCharitablePrps>
      </OtherProfessionalFees>
      <OtherProfessionalFees>
        <Category>Jumpline.com</Category>
        <Amount>191</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <DisbursementsCharitablePrps>191</DisbursementsCharitablePrps>
      </OtherProfessionalFees>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc2002500001">
      <Taxes>
        <Category>Real estate taxes-offices</Category>
        <Amount>150</Amount>
        <NetInvestmentIncome>9</NetInvestmentIncome>
        <DisbursementsCharitablePrps>141</DisbursementsCharitablePrps>
      </Taxes>
      <Taxes>
        <Category>Excise tax</Category>
        <Amount>47257</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </Taxes>
      <Taxes>
        <Category>Personal property tax</Category>
        <Amount>67</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <DisbursementsCharitablePrps>67</DisbursementsCharitablePrps>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>