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      <FollowSFAS117>X</FollowSFAS117>
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      <InfoInScheduleOPartXI>X</InfoInScheduleOPartXI>
      <ReconcilationRevenueExpenses>21242127</ReconcilationRevenueExpenses>
      <ReconcilationOtherChanges>68192070</ReconcilationOtherChanges>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
      <AuditCommittee>true</AuditCommittee>
      <FinancialStatementConsolidated>X</FinancialStatementConsolidated>
      <FederalGrantAuditRequired>true</FederalGrantAuditRequired>
      <FederalGrantAuditPerformed>true</FederalGrantAuditPerformed>
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        <ContributorAddressUS>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
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          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
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        <AggregateContributions>RESTRICTED</AggregateContributions>
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    </IRS990ScheduleB>
    <IRS990ScheduleC documentId="IRS990ScheduleC">
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      <TotalDirectLobbying />
      <TotalLobbyingExpenditures />
      <OtherExemptPurposeExpenditures />
      <TotalExemptPurposeExpenditures />
      <LobbyingNontaxableAmount />
      <GrassrootsNontaxableAmount />
      <TotLobbyingGrassrootMinusNonTx />
      <TotLobbyExpendMnsLobbyingNontx />
      <Volunteers>false</Volunteers>
      <PaidStaffOrManagement>false</PaidStaffOrManagement>
      <MediaAdvertisements>false</MediaAdvertisements>
      <MailingsMembers>false</MailingsMembers>
      <PublicationsOrBroadcast>false</PublicationsOrBroadcast>
      <GrantsOtherOrganizations>false</GrantsOtherOrganizations>
      <DirectContactLegislators>true</DirectContactLegislators>
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      <RalliesDemonstrations>false</RalliesDemonstrations>
      <OtherActivities>false</OtherActivities>
      <TotalLobbyingExpendituresIIB>86839</TotalLobbyingExpendituresIIB>
      <NotDescribedIn501c3>false</NotDescribedIn501c3>
      <Form990ScheduleCPartIV>
        <Identifier>Schedule C, Part II-B, Line 1g</Identifier>
        <ReturnReference>Lobbying Expense</ReturnReference>
        <Explanation>Colorado College hired a lobbyist, Independent Higher Education of Colorado.</Explanation>
      </Form990ScheduleCPartIV>
    </IRS990ScheduleC>
    <IRS990ScheduleD documentId="IRS990ScheduleD">
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      <HeldWorksOfArtAmts />
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        <GrantsOrScholarships>8841741</GrantsOrScholarships>
        <EndOfYearBalance>427738938</EndOfYearBalance>
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      <EndowmentsHeldByUnrelatedOrgs>true</EndowmentsHeldByUnrelatedOrgs>
      <EndowmentsHeldByRelatedOrgs>false</EndowmentsHeldByRelatedOrgs>
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        <BookValue>6156239</BookValue>
      </Land>
      <Buildings>
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        <OtherCostOrOtherBasis>184638392</OtherCostOrOtherBasis>
        <Depreciation>60565328</Depreciation>
        <BookValue>125498064</BookValue>
      </Buildings>
      <LeaseholdImprovements />
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        <Depreciation>10911200</Depreciation>
        <BookValue>4091291</BookValue>
      </Equipment>
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        <Depreciation>4565458</Depreciation>
        <BookValue>34255986</BookValue>
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      <FinancialDerivatives />
      <CloselyHeldEquityInterests />
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        <Description>INVESTMENTS</Description>
        <BookValue>62033122</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
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      <OtherSecurities>
        <Description>PERPETUAL TRUSTS</Description>
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      <OtherSecurities>
        <Description>PRIVATE CAPITAL INVESTMENTS</Description>
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      </OtherSecurities>
      <OtherSecurities>
        <Description>ALTERNATIVE INVESTMENTS</Description>
        <BookValue>108248275</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <TotalOfBookValueSecurities>300907026</TotalOfBookValueSecurities>
      <FederalIncomeTaxLiability>0</FederalIncomeTaxLiability>
      <OtherLiabilities>
        <Description>DEPOSITS</Description>
        <Amount>383144</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
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      <OtherLiabilities>
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      </OtherLiabilities>
      <OtherLiabilities>
        <Description>OTHER LIFE INCOME FUNDS</Description>
        <Amount>3597960</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>ASSET RETIREMENT OBLIGATION</Description>
        <Amount>3318569</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>PLAN PAYABLE</Description>
        <Amount>1523337</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>13865324</TotalOfAmounts>
      <TotalRevenue>153283453</TotalRevenue>
      <TotalExpenses>132041326</TotalExpenses>
      <ExcessOrDeficitForYear>21242127</ExcessOrDeficitForYear>
      <NetUnrealizedGLOnInvestments>63628482</NetUnrealizedGLOnInvestments>
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      <TotalAdjustments>68095861</TotalAdjustments>
      <ExcessOrDeficitPerFS>89337988</ExcessOrDeficitPerFS>
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      <ExpensesNotRptdOnFinStmt>28571978</ExpensesNotRptdOnFinStmt>
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      <Form990ScheduleDPartXIV>
        <Identifier>Part III, Line 1a</Identifier>
        <ReturnReference>Collections</ReturnReference>
        <Explanation>Collections of works of art, historical treasures and similar assets are not capitalized because the items are preserved and cared for continuously. Purchases of collection items are reported in the year of acquisition as decreases in unrestricted net assets and as net assets released from restriction if the assets used to purchase the items were restricted to that use by donor stipulation. Contributions of collection items are not reported in the financial statements. Proceeds from disposal of and insurance recoveries related to collection items are reported as increases in the appropriate net asset classes.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>Part III, Line 4</Identifier>
        <ReturnReference>Art Collection</ReturnReference>
        <Explanation>The college maintains an art collection for student research and study, a college archive of institutionally significant treasures, and library collections to enhance the institutional catalog.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>Part V, Line 4</Identifier>
        <ReturnReference>Describe the intended uses of the organization's endowment funds</ReturnReference>
        <Explanation>Colorado College's endowment is administed in a manner consistent with donor restrictions and with the goal of meeting the educational mission of today as well as in perpetuity. The College has adopted investment and spending policies for endowment assets that attempt to provide a predictable stream of funding for current programs and operations while seeking to maintain the purchasing power.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>Part X, Line 2</Identifier>
        <ReturnReference>Uncertain Tax Positions</ReturnReference>
        <Explanation>The College adopted the income tax standard for uncertain tax positions on July 1, 2009. As a result of the implementation, the College evaluated its tax positions and determined it has no uncertain tax positions as of June 30, 2011. The College's 2007 through 2010 tax years are open for examination by federal and state taxing authorities.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>part xi, line 8</Identifier>
        <ReturnReference>other changes in net assets</ReturnReference>
        <Explanation>Change in value of split interest agreements 4,467,379</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>part xii, line 2d</Identifier>
        <ReturnReference>other revenue on books, not on return</ReturnReference>
        <Explanation>Loss on Sale of Fixed Assets Reclassed to Income From Expense 100,030 Rental Expenses Reclassed From Expense and Netted Against Revenue 1,015,439</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>part xii, line 4b</Identifier>
        <ReturnReference>Other Revenue on Return, Not on Books</ReturnReference>
        <Explanation>Scholarships Reclassed From Revenue to Expense 28,325,567 Change in Value of Split Interest Agreement (4,467,379) Investment Fees Reclassed From Revenue to Expense 246,411</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>part xiii, line 2d</Identifier>
        <ReturnReference>Other Expense on Books, Not on Return</ReturnReference>
        <Explanation>Loss on Sale of Fixed Assets Reclassed to Income From Expense 100,030 Rental Expenses Reclassed From Expense and Netted Against Revenue 1,015,439</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>part xiii, line 4b</Identifier>
        <ReturnReference>Other Expense on Return, Not on Books</ReturnReference>
        <Explanation>Scholarships Reclassed From Revenue to Expense 28,325,567 Investment Fees Reclassed From Revenue to Expense 246,411</Explanation>
      </Form990ScheduleDPartXIV>
    </IRS990ScheduleD>
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      <PolicyStatementInBrochuresEtc>true</PolicyStatementInBrochuresEtc>
      <PolicyPublViaBroadcastMedia>true</PolicyPublViaBroadcastMedia>
      <MaintRacialCompositionRecords>true</MaintRacialCompositionRecords>
      <MaintScholarshipsRecords>true</MaintScholarshipsRecords>
      <MaintCopiesOfBrochuresEtc>true</MaintCopiesOfBrochuresEtc>
      <MaintCopiesOfAllSolicitations>true</MaintCopiesOfAllSolicitations>
      <DiscriminateRaceStudentsRights>false</DiscriminateRaceStudentsRights>
      <DiscriminateRaceAdmissPolicies>false</DiscriminateRaceAdmissPolicies>
      <DiscriminateRaceEmplmnFaculty>false</DiscriminateRaceEmplmnFaculty>
      <DiscriminateRaceScholarships>false</DiscriminateRaceScholarships>
      <DiscriminateRaceEducPolicies>false</DiscriminateRaceEducPolicies>
      <DiscriminateRaceUseOfFclts>false</DiscriminateRaceUseOfFclts>
      <DiscriminateRaceAthleticProg>false</DiscriminateRaceAthleticProg>
      <DiscriminateRaceOtherActy>false</DiscriminateRaceOtherActy>
      <GovernmentFinancialAidReceived>true</GovernmentFinancialAidReceived>
      <GovernmentFinancialAidRevoked>false</GovernmentFinancialAidRevoked>
      <ComplianceWithRevProc7550>true</ComplianceWithRevProc7550>
      <Form990ScheduleEPartII>
        <Identifier>racially nondiscriminatoy policy</Identifier>
        <ReturnReference>part I, line 3</ReturnReference>
        <Explanation>THE COLLEGE'S NON-DISCRIMINATION POLICY IS PUBLISHED IN ALL REGISTRATION AND ADMISSIONS MATERIALS DISTRIBUTED TO STUDENTS WHO ARE SOLICITED FOR ENROLLMENT IN THE COLLEGE'S DEGREE PROGRAM.</Explanation>
      </Form990ScheduleEPartII>
      <Form990ScheduleEPartII>
        <Identifier>financial assistance provided from governmental agency</Identifier>
        <ReturnReference>part I, line 6a</ReturnReference>
        <Explanation>Colorado College receives primarily research grants from a variety of federal and state agencies. Colorado College receives government money for financial aid for its students.</Explanation>
      </Form990ScheduleEPartII>
    </IRS990ScheduleE>
    <IRS990ScheduleF documentId="IRS990ScheduleF">
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        <NumberOfOffices>0</NumberOfOffices>
        <NumberOfEmployees>0</NumberOfEmployees>
        <TypeOfActivitiesConducted>Program Services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>Undergraduate Classes</SpecificServicesProvided>
        <TotalExpenditures>810984</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>Sub-Saharan Africa</Region>
        <NumberOfOffices>0</NumberOfOffices>
        <NumberOfEmployees>0</NumberOfEmployees>
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      <AcctsActvsOutUSTable>
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      <AcctsActvsOutUSTable>
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      <AcctsActvsOutUSTable>
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      <AcctsActvsOutUSTable>
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      <TotalAmountSpent>136894387</TotalAmountSpent>
      <TransferToForeignCorp>true</TransferToForeignCorp>
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      <OwnForeignCorp>true</OwnForeignCorp>
      <PassiveForeignInvestCo>true</PassiveForeignInvestCo>
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    </IRS990ScheduleF>
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        <AmountOfCashGrant>29193097</AmountOfCashGrant>
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    </IRS990ScheduleI>
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      <PersonalServices>X</PersonalServices>
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      <SubstantiationRequired>true</SubstantiationRequired>
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      <InitialContractException>false</InitialContractException>
      <Form990ScheduleJPartII>
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        <NamePerson>Charlotte Mendoza</NamePerson>
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      <Form990ScheduleJPartII>
        <NamePerson>Scott Owens</NamePerson>
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      <Form990ScheduleJPartIII>
        <Identifier>Schedule J, Part I, Question 1a</Identifier>
        <ReturnReference>Housing Allowance, Health and Social Club Dues, &amp; personal services</ReturnReference>
        <Explanation>Housing &amp; personal services: The president of the college and the vice president for student life, in order to fulfill their responsibilities, are required to live on campus and are provided housing and janitorial cleaning. Both are considered to be on campus for the benefit of the college and are reported as a non-taxable item. Club Dues: As a working condition benefit, club memberships are provided to the Director of Business Services and the Vice President for Advancement. The purpose of the memberships for these positions is to cultivate and maintain relationships with business and individuals who are in a position to advance the mission of the college. Any personal use of memberships is infrequent and is paid out of pocket by the employee.</Explanation>
      </Form990ScheduleJPartIII>
      <Form990ScheduleJPartIII>
        <Identifier>Schedule J, Part I, Question 4b</Identifier>
        <ReturnReference>Non-Qualified Benefit Plans</ReturnReference>
        <Explanation>A 457(f) plan was established with an annual $20,000 contribution limit for Scott Owens. The vesting period is 5 years. At the end of the fiscal year Scott was not yet vested in the plan.</Explanation>
      </Form990ScheduleJPartIII>
      <Form990ScheduleJPartIII>
        <Identifier>Schedule J, Part I, Question 7</Identifier>
        <ReturnReference>Non-Fixed Payments</ReturnReference>
        <Explanation>Scott Owens may receive a bonus between 5%-10% of his annual salary based upon APR (NCAA Academic Performance Ranking) each year for promoting academic excellence in the Ice Hockey Program. Owens may also receive a bonus up to 5% of his annual salary for providing appropriate development methods for his student-athletes. Owens will also receive a bonus between 2%-7% of his annual salary for WCHA or NCAA regional or national coach of the year awards. Walt Hecox received a bonus for running the State of the Rockies Program. Timothy Fuller and Charlotte Mendoza received extraordinary merit bonuses for the 2010-2011 academic year.</Explanation>
      </Form990ScheduleJPartIII>
    </IRS990ScheduleJ>
    <IRS990ScheduleK documentId="IRS990ScheduleK">
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        <IssuerName>
          <BusinessNameLine1>City of Colorado Springs</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>846000574</IssuerEIN>
        <CUSIPNumber>196626CS2</CUSIPNumber>
        <DateIssued>2005-05-17</DateIssued>
        <IssuePrice>28056932</IssuePrice>
        <DescriptionOfPurpose>Refund Series 1999 bonds</DescriptionOfPurpose>
        <Defeased>false</Defeased>
        <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
        <PoolFinancing>false</PoolFinancing>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartI>
        <IssuerName>
          <BusinessNameLine1>El Paso County Colorado</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>846000764</IssuerEIN>
        <CUSIPNumber>28337LCB2</CUSIPNumber>
        <DateIssued>2010-02-18</DateIssued>
        <IssuePrice>51597849</IssuePrice>
        <DescriptionOfPurpose>Refund Series 2003, 2004, and</DescriptionOfPurpose>
        <Defeased>false</Defeased>
        <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
        <PoolFinancing>false</PoolFinancing>
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      <Form990ScheduleKPartII>
        <AmountRetired>1946952</AmountRetired>
        <AmountBondDefeased>0</AmountBondDefeased>
        <TotalProceeds>28056932</TotalProceeds>
        <AmountInReserveFund>0</AmountInReserveFund>
        <CapitalizedInterest>0</CapitalizedInterest>
        <RefundingEscrow>27727929</RefundingEscrow>
        <IssuanceCostsFromProceeds>329002</IssuanceCostsFromProceeds>
        <CreditEnhancement>0</CreditEnhancement>
        <WorkingCapitalExpenditures>0</WorkingCapitalExpenditures>
        <CapitalExpenditures>0</CapitalExpenditures>
        <OtherSpentProceeds>0</OtherSpentProceeds>
        <AmountUnspent>0</AmountUnspent>
        <YearOfSubstCompletion>2005</YearOfSubstCompletion>
        <CurrentRefunding>false</CurrentRefunding>
        <AdvanceRefunding>true</AdvanceRefunding>
        <FinalAllocationMade>true</FinalAllocationMade>
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        <AmountRetired>3328085</AmountRetired>
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        <TotalProceeds>51597849</TotalProceeds>
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        <CapitalizedInterest>0</CapitalizedInterest>
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        <WorkingCapitalExpenditures>0</WorkingCapitalExpenditures>
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        <OtherSpentProceeds>0</OtherSpentProceeds>
        <AmountUnspent>0</AmountUnspent>
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        <AdvanceRefunding>false</AdvanceRefunding>
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        <AnyResearchAgreements>false</AnyResearchAgreements>
        <BondCounselRoutinelyEngaged>false</BondCounselRoutinelyEngaged>
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        <PercentageOfPrvtBusinessReUBI>0.00000</PercentageOfPrvtBusinessReUBI>
        <TotalPrivateBusinessUse>0.00000</TotalPrivateBusinessUse>
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        <HedgeTerminated>false</HedgeTerminated>
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      </Form990ScheduleKPartIV>
    </IRS990ScheduleK>
    <IRS990ScheduleM documentId="IRS990ScheduleM">
      <WorksOfArt />
      <ArtHistoricalTreasures />
      <ArtFractionalInterest />
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        <NoncashContribsRptdF990>7787</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>Fair market value</MethodOfDeterminingRevenues>
      </BooksAndPublications>
      <ClothingAndHouseholdGoods>
        <NonCashCheckbox>X</NonCashCheckbox>
        <NoncashContribsRptdF990>7451</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>Fair market value</MethodOfDeterminingRevenues>
      </ClothingAndHouseholdGoods>
      <CarsAndOtherVehicles>
        <NonCashCheckbox>X</NonCashCheckbox>
        <NumberOfContributions>1</NumberOfContributions>
        <NoncashContribsRptdF990>264</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>Fair market value</MethodOfDeterminingRevenues>
      </CarsAndOtherVehicles>
      <BoatsAndPlanes />
      <IntellectualProperty />
      <SecuritiesPubliclyTraded>
        <NonCashCheckbox>X</NonCashCheckbox>
        <NumberOfContributions>38</NumberOfContributions>
        <NoncashContribsRptdF990>982432</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>Fair market value</MethodOfDeterminingRevenues>
      </SecuritiesPubliclyTraded>
      <SecuritiesCloselyHeldStock />
      <SecuritiesPrtnrshpTrustIntrsts />
      <SecuritiesMiscellaneous />
      <QualifiedContribHistStruct />
      <QualifiedContribOther />
      <RealEstateResidential />
      <RealEstateCommercial />
      <RealEstateOther />
      <Collectibles>
        <NonCashCheckbox>X</NonCashCheckbox>
        <NumberOfContributions>4</NumberOfContributions>
        <NoncashContribsRptdF990>28985</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>Fair Market Value</MethodOfDeterminingRevenues>
      </Collectibles>
      <FoodInventory>
        <NonCashCheckbox>X</NonCashCheckbox>
        <NumberOfContributions>16</NumberOfContributions>
        <NoncashContribsRptdF990>6773</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>selling price</MethodOfDeterminingRevenues>
      </FoodInventory>
      <DrugsAndMedicalSupplies />
      <Taxidermy />
      <HistoricalArtifacts />
      <ScientificSpecimens />
      <ArchaeologicalArtifacts />
      <OtherNonCashContributionsTable>
        <NonCashCheckbox>X</NonCashCheckbox>
        <Description>event/airplane tickets</Description>
        <NumberOfContributions>2</NumberOfContributions>
        <NoncashContribsRptdF990>5663</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>selling price</MethodOfDeterminingRevenues>
      </OtherNonCashContributionsTable>
      <OtherNonCashContributionsTable>
        <NonCashCheckbox>X</NonCashCheckbox>
        <Description>gift cards</Description>
        <NumberOfContributions>3</NumberOfContributions>
        <NoncashContribsRptdF990>150</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>cash value</MethodOfDeterminingRevenues>
      </OtherNonCashContributionsTable>
      <OtherNonCashContributionsTable>
        <NonCashCheckbox>X</NonCashCheckbox>
        <Description>dvds</Description>
        <NumberOfContributions>10</NumberOfContributions>
        <NoncashContribsRptdF990>255</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>Fair market value</MethodOfDeterminingRevenues>
      </OtherNonCashContributionsTable>
      <OtherNonCashContributionsTable>
        <NonCashCheckbox>X</NonCashCheckbox>
        <Description>other miscellaneous</Description>
        <NumberOfContributions>18</NumberOfContributions>
        <NoncashContribsRptdF990>7319</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>Fair market value</MethodOfDeterminingRevenues>
      </OtherNonCashContributionsTable>
      <NumberOf8283Received>0</NumberOf8283Received>
      <AnyPropertyThatMustBeHeld>false</AnyPropertyThatMustBeHeld>
      <ReviewProcessUnusualNCGifts>false</ReviewProcessUnusualNCGifts>
      <ThirdPartiesUsed>true</ThirdPartiesUsed>
      <Form990ScheduleMPartII>
        <Identifier>Part I, Question 32b</Identifier>
        <ReturnReference>noncash contributions</ReturnReference>
        <Explanation>Colorado College uses a third party to assist with the process of vehicle donations. For fiscal year 2011, no vehicles were donated to the college.</Explanation>
      </Form990ScheduleMPartII>
      <Form990ScheduleMPartII>
        <Identifier>Part I, Column B</Identifier>
        <ReturnReference>Number of Contributions</ReturnReference>
        <Explanation>The number in column b represents the number of contributions received.</Explanation>
      </Form990ScheduleMPartII>
    </IRS990ScheduleM>
    <IRS990ScheduleO documentId="IRS990ScheduleO">
      <GeneralExplanation>
        <Identifier>Part VI, Question 11b</Identifier>
        <ReturnReference>Describe process to review 990</ReturnReference>
        <Explanation>The Form 990 is prepared by a third party preparer, with a detail review being done by the controller and CFO of Colorado College. The Form 990 is then presented to the audit committee where they approve the draft to file with the IRS. Once approved by the audit committee, the final Form 990 is made available to the entire board before filing the return with the IRS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Part VI, Question 12c</Identifier>
        <ReturnReference>Describe how conflict of interest policy is monitored &amp; enforced</ReturnReference>
        <Explanation>The college legal counsel is charged with primary responsibility for monitoring and enforcing the conflict of interest policy, and is assisted by the president, the vice president for finance and administration, and the internal auditor. The current policy, adopted by the board of trustees in 2008, requires that a detailed annual disclosure form be signed and submitted by all trustees, the president, all officers of the college, all senior staff (persons reporting to the president), all persons reporting to senior staff, and any other person at the college whose responsibilities include significant decisions in purchasing, vendor contracts, major service contracts, and construction contracts. Failure to disclose a potential conflict of interest is a violation of college policy and may result in punishment of employees up to and including termination of employment, and in the case of trustees, possible resignation or forced recusal on matters raising a conflict of interest. Any disclosure that raises a material conflict of interest, or the appearance of such, is reviewed by the legal counsel, and/or the president, the chair of the board, the audit committee, or the internal auditor, depending on the role of the person involved and the nature of the potential conflict. If a conflict of interest is determined to exist, the person is required to recuse themselves from any deliberations and any decisions regarding the affected transaction.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Part VI, Question 15a</Identifier>
        <ReturnReference>Describe the process for determining CEO compensation</ReturnReference>
        <Explanation>The Director of Human Resources conducts an annual market study, including a review of functionally comparable positions at similar organizations. These results are used to develop a recommendation which is presented to, and approved by, the executive committee of the board of trustees. The annual process is documented and was most recently determined May 2010.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Part VI, Question 15b</Identifier>
        <ReturnReference>Describe the process for determining officers compensation</ReturnReference>
        <Explanation>The Director of Human Resources conducts an annual market study, including a review of functionally comparable positions at similar organizations. These results are used to develop a recommendation which is presented to, and approved by the President of the college. The annual process is documented and was most recently determined May 2010.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Part VI, Question 19</Identifier>
        <ReturnReference>Describe how documents are made available to the public</ReturnReference>
        <Explanation>Colorado College makes its governing documents and conflict of interest policy available to the public upon request for a valid business purpose. The financial statements are available on the College's website.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>part xi, line 5</Identifier>
        <ReturnReference>other changes in net assets</ReturnReference>
        <Explanation>Change in value of split interest agreements 4,467,379 unrealized gain 63,724,691</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Part III, Line I</Identifier>
        <ReturnReference>Mission statment cont.</ReturnReference>
        <Explanation>Colorado College succeeds in its mission of educating for our time when it graduates women and men with mental agility and the skills of critical judgment, persons who have learned how to learn. Taking advantage of small classes and the unique learning opportunities of the Block Plan, Colorado College provides a variety of stimulating environments for intellectual development, creative expression, and personal growth. In the studio and on the stage, in classroom and library and laboratory, in residence halls and on playing fields, in the local community and in foreign countries, the College confronts students with unfamiliar perspectives and new possibilities of thought and action. We explore with them the complexities of the natural world, the achievements of the human past, and the urgent social and moral issues of the present. We teach them how to recognize relevant evidence in various fields of inquiry and how to weigh that evidence. We press them to read carefully, think critically, reflect thoughtfully, and express their ideas effectively, with precision and grace. We encourage their personal quest for a worthy vision that can inspire both action and hope and will enable them to help create a more humane world. Colorado College is distinctive in its conviction that active learning happens best when students pursue a single subject of study for several weeks in small classes in which no ticking clock can interrupt the animated exchange of ideas. We are confident that the learning opportunities made possible by our distinctive curricular system foster a kind of intellectual engagement that will continue to enrich the lives of Colorado College graduates as they become leaders in their professions and communities.</Explanation>
      </GeneralExplanation>
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          <BusinessNameLine1>A Barney Trust</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>14 East Cache La Poudre Street</AddressLine1>
          <City>Colorado Springs</City>
          <State>CO</State>
          <ZIPCode>80903</ZIPCode>
        </AddressUS>
        <EIN>846217136</EIN>
        <PrimaryActivity>Perp. Trust</PrimaryActivity>
        <LegalDomicileState>CO</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <TypeOfEntity>T</TypeOfEntity>
        <ShareOfTotalIncome>23888</ShareOfTotalIncome>
        <ShareOfEOYAssets>474613</ShareOfEOYAssets>
        <PercentageOwnership>1.00000</PercentageOwnership>
      </Form990ScheduleRPartIV>
      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>Otis &amp; Margaret Barnes Trust</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>14 East Cache La Poudre Street</AddressLine1>
          <City>Colorado Springs</City>
          <State>CO</State>
          <ZIPCode>80903</ZIPCode>
        </AddressUS>
        <EIN>846023466</EIN>
        <PrimaryActivity>Perp. Trust</PrimaryActivity>
        <LegalDomicileState>CO</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <TypeOfEntity>T</TypeOfEntity>
        <ShareOfTotalIncome>356484</ShareOfTotalIncome>
        <ShareOfEOYAssets>8090736</ShareOfEOYAssets>
        <PercentageOwnership>1.00000</PercentageOwnership>
      </Form990ScheduleRPartIV>
      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>Margaret Barnes 1992 Irrev</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>14 East Cache La Poudre Street</AddressLine1>
          <City>Colorado Springs</City>
          <State>CO</State>
          <ZIPCode>80903</ZIPCode>
        </AddressUS>
        <EIN>846268287</EIN>
        <PrimaryActivity>Perp. Trust</PrimaryActivity>
        <LegalDomicileState>CO</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <TypeOfEntity>T</TypeOfEntity>
        <ShareOfTotalIncome>206656</ShareOfTotalIncome>
        <ShareOfEOYAssets>14323727</ShareOfEOYAssets>
        <PercentageOwnership>1.00000</PercentageOwnership>
      </Form990ScheduleRPartIV>
      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>Jackson Trust</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>14 East Cache La Poudre Street</AddressLine1>
          <City>Colorado Springs</City>
          <State>CO</State>
          <ZIPCode>80903</ZIPCode>
        </AddressUS>
        <EIN>846150097</EIN>
        <PrimaryActivity>Perp. Trust</PrimaryActivity>
        <LegalDomicileState>CO</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <TypeOfEntity>T</TypeOfEntity>
        <ShareOfTotalIncome>12801</ShareOfTotalIncome>
        <ShareOfEOYAssets>174873</ShareOfEOYAssets>
        <PercentageOwnership>0.66667</PercentageOwnership>
      </Form990ScheduleRPartIV>
      <ReceiptOfIntAnnRentsRoyalties>false</ReceiptOfIntAnnRentsRoyalties>
      <GiftGrantOrCapContrToOtherOrg>false</GiftGrantOrCapContrToOtherOrg>
      <GiftGrantOrCapContrFrOtherOrg>false</GiftGrantOrCapContrFrOtherOrg>
      <LoansOrGuaranteesToOtherOrg>false</LoansOrGuaranteesToOtherOrg>
      <LoansOrGuaranteesFromOtherOrg>false</LoansOrGuaranteesFromOtherOrg>
      <SaleOfAssetsToOtherOrg>false</SaleOfAssetsToOtherOrg>
      <PurchaseOfAssetsFromOtherOrg>false</PurchaseOfAssetsFromOtherOrg>
      <ExchangeOfAssets>false</ExchangeOfAssets>
      <RentalOfFacilitiesToOtherOrgs>false</RentalOfFacilitiesToOtherOrgs>
      <RentalOfFacilitiesFrOtherOrgs>false</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>false</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>false</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>false</SharingOfFacilities>
      <SharingOfPaidEmployees>false</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>false</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>false</ReimbursementPaidByOtherOrg>
      <OtherTransferToOtherOrg>false</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>false</OtherTransferFromOtherOrg>
    </IRS990ScheduleR>
  </ReturnData>
</Return>