Telluride Foundation Annual Report 2012

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TELLURIDE FOUNDATION ANNUAL REPORT | VOLUME 12 MAKE MORE POSSIBLE

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Telluride Foundation annual report

Transcript of Telluride Foundation Annual Report 2012

Page 1: Telluride Foundation Annual Report 2012

telluride foundation

annual report | Volume 12

Make More possible

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PhilanthroPy is changing. and so is telluride. the Foundation is in the middle of this change, working alongside its

family of donors, citizens, nonprofits, and governments, to envision a better and stronger community. one that is built on the best practices

of the past and present. one that incorporates innovation, inclusiveness, and accountability. and lastly, one that is designed to collectively

address both current and future challenges and opportunities.

annual report | VoluMe 12

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the telluride Foundation’s mission is to celebrate our unique community and support its overall well being. in doing this, the Foundation makes cash grants to regional area nonprofits and community groups, works with nonprofits to improve their efficiency and build their capacity, and develops and manages initiatives that address unmet

and emerging issues that directly touch people’s lives. although we have proudly accomplished much since our inception in 2000, there is still a lot to be done. our mission of “improving the quality of life for residents, guests and the workforce of telluride” is always kept at the forefront of our thoughts as we strive to reach our goals. our grant making, capacity building, and initiatives are targeted and outcome-oriented.

nonprofits require great transparency and oversight to gain and maintain donor and community trust. the telluride Foundation is no different, and we are proud of our practices and policies. We have adopted the most effective practices for governance and financial oversight. one of the key indicators

dear telluride,

When one thinks of telluride, the first image that comes to mind is the inspirational natural beauty which is unique to our town. the second thought is a sense of pride in the community, its people, schools, social services, arts, sports, and general sense of well being. over the years, the telluride Foundation has played a critical role in the growth and prosperity of the community.

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of a nonprofit is the ratio of what it spends directly on its mission versus what it spends “supporting” its mission (the ratio of program vs. supporting expenses). in the Foundation’s case, it would be how much of every dollar is spent on grants, initiatives, and capacity building efforts vs. administration and fundraising. the Foundation is in the elite tier of our peers in the coun-try for that measure, spending 88% of every dollar for programs.

as we move forward, we are always trying to improve our oversight and to find new ways to enhance the quality of life for our residents. through our participation in arts and cultural, education, youth development and very importantly, social aid programs, we are continually striving to be an essential part of the telluride community. We believe a new chapter will open as we initiate efforts to make telluride a hub of new ideas and innovation.

We hope that you will enjoy this annual report and join us in our exciting and ambitious journey.

With warm regards,

Joanne Brown Board of directors, co-chair

edward BarlowBoard of directors, co-chair

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as albert einstein said, “not everything that can be counted counts and not everything that counts can be counted.” however with children, we can and should be measuring what counts. the most profound question we should be measuring for young children is: are they ready to progress in their educational journey to achieve lifetime success?

the telluride Foundation has embarked on an initiative to link its grantmaking to measurable outcomes, meaning that funding can be tracked to measurable changes in behaviors, education, skills, or participation. We want evidence for our donors, Board, and the community that our work and efforts lead to changing peoples lives.

the telluride Foundation is heavily invested in early childhood development organizations, having funded over $1 million in grants to such organizations since 2001. as such, the Foundation is interested in funding early childhood development organizations that can produce a collective outcome—improve children’s school readiness. school readiness describes both the

preparedness of a child to engage in and benefit from learning experiences and the ability of a school to meet the needs of all students in pre-school and kin-dergarten. the primary purpose of measuring readi-ness factors is to inform instruction and intervention so that positive outcomes can be achieved.

it is universally known that failure to start school ready to learn has significant and potentially long-term negative consequences for the child and society. generally, kids that start behind stay behind; interven-tions must increase the slope of the developmental trajectory to catch-up. the indicators and interventions to assure that children are school-ready are known and established.

in colorado, estimates of the percentage of kinder-gartners ready for school/ready to learn range from 50%-70%. in one local school district, for example, the english language learners are insufficiently prepared to progress in school: 60% are reading at grade level in kindergarten; 40% are proficient in reading during 1st grade; and 33% proficient in 2nd grade.

increasing school readinessgrantmaking outcomes For early childhood develoPment organizations

colorado at-risk vs general PoPulation

children scores

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0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8

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colorado at-risk vs general PoPulation

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general PoPulation (state) children at-risk

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the telluride Foundation has recruited the following partners for its school readiness outcomes initiative:•TellurideSchoolDistrictR-1•TellurideElementarySchool•TellurideEarlyChildhoodCenter

(tecc)•MountainMunchkins•RainbowPre-School•MountainSprouts•TelluridePreschool•WrightStuff/PrimeTime

child care•NorwoodSchoolDistrict•BrightFutures(RegionalChild

care council)

status & imPlementation 1

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the primary target for the school readiness initiative in 2011-2012 will be current kindergartners and pre-school children on track to graduate and move to kindergarten in 2012-2013.

of the current 245 pre-school and kindergartner children in centers and the district, over 50% (125) will participate in the school readiness initiative.

child care center partners and the school district will implement the assessment tool, “teachers strategy gold” for all pre-school and kindergarten children in their classrooms. cde currently has 44,000 children in colorado receiving teachers strategy gold assessments in pre-school and kindergarten classrooms.

teachers strategy gold, the successor to creative curriculum, is a universal on-line assessment and observation web based tool. this is more than just a pre/post activity measurement. rather, young children are observed over a period of time to accurately document their knowledge and skills.

Pre-school and kindergarten teachers use teachers strategy gold assessments, including using iPod touch camera, video, and dictation features, to capture documentation of learning and developmental progress and post results to secure online portfolios.

2 3 4

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the measurement of school readiness outcomes will not happen overnight, but the Foundation believes that its investment over the past year will prove successful over the long term. over the past year, the Foundation has spent time and resources educating regional school districts, pre-schools, and early childhood development organizations, meeting with colorado department of education officials, and facilitating numerous meetings to enable the implementation of the school readiness outcomes initiative and teachers strategy gold assessments.

as a result of participating in this initiative, school districts, early childhood development organizations, pre-schools, and the Foundation will be able to measure the percentage change in children entering kindergarten ready to learn and identify programs and curriculum that improve readiness. Finally, the Foundation will be able to target its grant making to programs that work and organizations demonstrating a successful track record of preparing kids for kindergarten.

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telluride is an amazing place. the spectacular scenery, the terrain, the unique town, and especially the people, join together to make telluride a special place for inspira-tion, enjoyment, and rejuvenation.

We at the Foundation want to ensure that telluride remains a won-derful place to be long after we are gone. Forever telluride is the Foun-dation’s way of recognizing and honoring those who have included the telluride Foundation in their estate plans through a bequest.

estate gifts that include Forever telluride will go towards the Foun-dation’s endowment, creating a

permanent community resource for future generations. Participation in Forever telluride can be an inspira-tional experience and, hopefully, will demonstrate to others how they too may have an enduring impact on the telluride community.

Forever Telluride donorsAnonymousC. Michael and Anne Armstrongedward and Frances BarlowJoanne and Harmon Brownrichard HolbrookeFather sylvester schoeningsheila Waldstephen Wald

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Telluride Foundation Board of directors and Forever Telluride members Stephen Wald (left), July 21, 1935 – october 22, 2009; and Ambassador Richard Holbrook (with wife Kati), April 24, 1941 – december 13, 2010. on behalf of your friends and the Telluride community, thank you for enriching our lives and community. We miss you.

LEGACY

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granted in 2011, the largest amount for any western colorado foundation.

raised in new private foundation and government grants in the last four years for initiatives like these

What We have accomPlished 20MILLION

granted to the community since our inception in 2000 without an endowment.

2.5MILLION

3MILLION

$

$

$

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children’s Preventive health activities including providing over 2,500 free, school-based cavity prevention treatments; enrolling over 850 eligible children in state health insurance programs; providing over 500 free rides for rural residents to get to medical appointments; and recording over 1,000 registrations in the co immunization registry, allowing parents to get timely and accurate updates.

good neighBor Fund a one-time hardship grant program for families struggling with a short- term financial crisis due to medical, housing or transportation emergencies; last year the good neighbor Fund helped over 40 local families with $44,000 in emergency hardship grants.

sPecial initiative grants Program provides capital and multi-year grants for funding larger, board-sponsored projects: the domestic violence resource center purchased permanent office space; trust for Public lands acquired a conservation easement to re-open public access to 14,000 foot mt. Wilson; an “alternative Futures” study of the region to provide fact-based information on long-term economics, ecological and community impacts; a new pre-school facility; a new permanent ski in/out home for the adaptive sports program; the medical center’s emergency room remodel.

Paradox community trust (western portions of montrose, san miguel, and dolores counties) establishes a locally controlled trust fund to support long-term community and economic development to deal with the boom bust resource extraction economy.

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What We do

•We make a positive difference in people’s lives, and we make more possible.

•make cash grants to regional non-profits and community groups.

•Work with nonprofits to build their capacity and improve their effectiveness.

•operate initiatives that address emerging issues where we can have a direct impact.

•serve san miguel, ouray, and western montrose counties – the workforce and watershed region of telluride.

hoW We do it

•donor centric focus on leveraging donors’ gifts and maximizing their gifts’ impact to “improve the qual-ity of life for residents, guests and the workforce of telluride.”

•operate without an endowment; raising all our income from multi-year donor pledges; grant in today’s dollars to maximize the immediate impact.

•giving from the Board of direc-tors covers all operating expenses of the Foundation, allowing every new dollar raised to go directly to programs.

•88% of every dollar spent is for programs vs. supporting expenses; this ratio is in the top tier of non-profits in the country.

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ron allredmike armstrongneil armstronged Barlowlynne Beckrichard Bettsharmon BrownJoanne Brownmark daltonBob delvesBridgitt evansdavis Fanslerelaine Fischerstu FraserBunny Freidustully Friedmanallan gerstleron gilmertom hillkevin holbrookchuck horning

andrew karowscott leighPaul majortricia maxonmegan mcmaneminmelanie montoyaBrian o’neillgeorge Parkermary rubadeaususan saint Jamesh. norman schwarzkopfed sheridandan tishmansheila Wald

Friends of tellurideron & Joyce allredalpine Bankcurt & libba andersonmike & anne armstronged & Frances BarlowBarney & carol Barnettmarc & sharen Bermandarren & Julie Blantonnorman & elaine Brodskyharmon & Joanne Brownkevin & mary grace BurkeJohn & alice Butlercommunity Banks of coloradoBrian & karen conwaymark & susan daltonrohit d’souza & alba Blancodick ebersol & susan saint JamesBruce & Bridgitt evansdavis & Bobsey FanslerBunny Freidus & John steel

donors* Board oF directors

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tully & elise Friedmanted & aleja herrickJ. tomilson & Janine hillPaul & Janet hobby charles horningJohnson Family Foundationron & lieuen kuruczvincent & anne maiPaula malonemarty & tristin mannionJim & Jamie mcnultygeorge & Julie Parkerlisa Paynethe Peaks resortmichael & susan Planksteven Plofker & Bobbi Brownchris & laura PucilloJeffrey & debra resnickBob & Winnie rolosonhenry & susan samuelihoward & debbie schiller

h. norman & Brenda schwarzkopfedward & darenda sheridanmartin & marlene silverPamela h. smithBobby & Polly steintelluride sportsdan & sheryl tishmanrobert & Jane tollharlan & carol Waksalsheila WaldJohn & Joann Weisel

gold hill donorsPaul & tina allairemike & ashley Bradleyarnold chavkin & laura changBob & Jenny delvesPeter kirkovichla Piazza ristoranteJohn & Bridgett macaskilldaniel & Brooke neidich

Frances rubachaJohn & laura shieldstravis & alison spitzergene & tracy sykesdudley & tina taft

Bridal veil donorsannonymousneil & carol armstrongus Bankkeith & linda BeatyWard & kris Brehma. macdonald & ellen caputoJohn mike & marcia cohenlou & Bonnie coheneverett & celia coonrichard cornelius & lynn Brubakersally Puff courtneyBarbara FergusonPatrick & elena Ferralldoug Joan hansen

donors*

*as of May 12, 2012

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hank & carol hintermeisterFairmont heritage Place Franz klammer lodgeJohn & victoria irwinJesse & mary Johnsonlawrence & meg kasdanPaul lehman & ronna stammmichael & yvonne marshcasey & megan mcmaneminPaul & christine nussbaumdonald & nancy orrlarry & Joy ramaekersgrace Jones richardson trustPaul & leslie robertmark rosenthal & shoshannah PollackJim & carol royernoreen sablotskymickey sallowayJeffrey schmier & gabriela Franchiniron & Fran schwarzdiane sherman

shernoff Family Foundationms. Jo shernoffJim & Judy singletonJerry & lynn smalleytom & donna stoneWells FargoBert & Pauline Winstonerving & Joyce WolfJack & Janet WolinetzPaul & aleta zoidismike zuendel & Brooks West

First tracksrichard Bettscharles & virginia Bowdengary & ilona cantorrosie cusackrobert dempsey & suzanne dahllee & Jenny duffeychip & cathe dyererik & Josephine Fallenius

John & ellen grimesgeorge & Becky harveysusan hepnermatthew hintermeisterkevin & kristin holbrookPeter Jamarrich & charlotte Jorgensenken & Patricia kruegerBetsy lindsayPaul & lois majorBrian & hilaree o’neillJohn & ellen Pillsbury michael & marilyn ratnercarl Francesca rehnborgFrank & Bee reichelJohn & carolyn snowsheldon & zelda tenenbaumclint & susan viebrockdavid & kate Wadley

donors* (continued)

*as of May 12, 2012

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lynne Beckstuart & Joanna BrownPeter & linda Bynoecharles & sue cobbBrian & Penny dysonedelweiss Wood Flooringtom & Janet elrodkathleen Fisherhill & Bettie hastingstodd hoffmanJohn & sandra horvitzdonald & ilene kramerm give Foundation

maughan Family Preston PainePatagoniarazoo robert & Beth riveraBob & mary rubadeauPeter & carol sellonBob & susan starrichard & anna teerlinkken & marilyn WayBrian WolahanJoseph Woodmichael & irinia zivian

telluride ski & golfla Piazza del villagiocamel’s garden & ice house hotelsnight & day cleaning & Floor care

Patrons sPecial thanks

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ah haa school for the arts for arts programming in telluride. $16,500

angel Baskets to support regional food banks, the holiday food program and the school supply program. $5,000

animal humane society of ouray county to fund pet over-population programs, outreach, and education. $9,000

arts, community & education of norwood for arts programming in norwood. $4,000

Bright Futures for the early childhood education and the “Parents as teachers” Program. $28,000

casa of the seventh Judicial district to increase volunteers who work with children who are victims of abuse and/or domestic violence in the west end of montrose county. $3,000

colorado avalanche information center to support avalanche forecasting and education programs in the northern san Juan mountains. $4,000

colorado mountain club to establish a regional stakeholder’s roundtable to generate a citizen’s proposal for san Juan mountains winter travel management. $2,000

dolphin house to provide care for child sexual assault and other child abuse victims. $9,000

hilltop health services to increase the accessibility of advocacy services and shelter/safe housing to victims of domestic violence and/or sexual assault in ouray and san miguel counties. $8,000

hoof & Paw West end animal assistance to support spay/neuter programs. $3,000

naturita library (libraries of montrose county Foundation) to provide academic programming for students. $10,000

midwestern colorado mental health center for mental health programs serving san miguel and west montrose counties. $18,000

montrose county senior citizens transportation to provide transportation services to seniors in west montrose & west san miguel counties. $15,000

Basin clinic (montrose memorial hospital) to purchase a spot vital signs machine and provide for sliding scale indigent care. $12,500

mountain munchkins child care & Preschool to fund scholarships, quality improvements and assist with general operating. $32,000

mountain sprouts Preschool for support of its early childhood education program ($12,000) and technical assistance ($1,500). $13,500

mountainfilm for support of the mountainfilm Festival. $25,000

telluride Film Festival to underwrite the year-around rental costs for the nugget theatre. $18,500

the new community coalition for technical assistance funding to support its strategic planning process.

norwood Fire Protection district - ems service to offset the cost of treatment and transport of indigent residents in san miguel county. $5,000

2011 community grants

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one telluride for support of immigrant integration programs, including esl classes. $18,000

neighbor to neighbor (ouray county council on aging) for support of volunteer-based programs assisting ouray county homebound seniors and disabled adults. $4,000

ouray home maker Program to support the ouray county seniors who remain in their homes. $5,000

ouray county - Wic for Farmer’s market vouchers for low-income families. $2,500

Palm arts for the dance program and for operational support of the Palm theater. $18,500

Paradox valley school to help fund after school programs. $9,000

Pinhead institute for support of its youth science programs. $13,000

rainbow Pre-school and day care for support of its childhood education program. $36,500

reach out & read colorado for the reach out & read program in san miguel, ouray and W. montrose counties. $1,900

rico Preschool for support of its early childhood education program. $4,000

ridgway school district for the learn to ski Program. $5,700

san Juan Field school to fund the winter avalanche education activities. $6,000

san miguel & ouray Juvenile diversion for support of its programs working with at-risk teens. $10,000

san miguel county open space & recreation Program to construct a trail from the san miguel county Fairgrounds to Pioneer village subdivision in norwood. $5,000

koto radio (san miguel education Fund) for procuring equipment for the radio station ($8,000) and technical assistance ($1,500). $9,500

one to one for support of the youth mentoring program in san miguel county. $40,000

san miguel resource center for support of regional domestic violence reduction program. $39,900

san miguel Watershed coalition to fund resource and recreation monitoring, and environmental education-newsletter, website, brochures, community forums. $8,500

sheridan arts Foundation for scholarships for the young People’s theater and general operating for the sheridan opera house. $18,500

telluride academy to fund need-based tuition assistance for children’s summer outdoor programs for local families ($22,500) and to support the youth horizon climbing club (12,500). $35,000

telluride adaptive sports Program to train volunteers and instructors, to host the disability awareness Project, and to provide scholarships. $20,000

telluride aids Benefit to expand local hiv testing and support the local annual student education programs. $6,500

telluride chamber music for support of chamber music programming. $7,200

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telluride choral society for support of choral programming. $9,000

telluride tv for support of the telluride public access television station. $5,000

telluride council for the arts & humanities to support art programs in telluride. $16,500

telluride early childhood center to provide scholarships for early childhood education to low-income families. $13,000

telluride education Foundation to help fund teacher-sponsored classroom programs and teacher magnet grants for the telluride school district and telluride mountain school. $18,000

telluride historical museum for local and regional history programs. $12,500

telluride lizard heads for support of the youth hockey program. $8,000

telluride mountain school for tuition assistance for low-income families. $5,500

telluride nordic association for support of nordic trail grooming. $10,000

telluride Preschool to provide scholarships ($10,000), teacher salaries, incentives, and continuing education ($5,000), and quality improvements ($3,000). $18,000

telluride repertory theatre for support of community theater programs ($15,000) and strategic planning technical assistance ($1,500). $16,500

telluride school district to continue telluride & norwood youth alcohol and prevention efforts. $9,000

telluride ski & snowboard club for scholarships for low-income families and for support of youth ski and snowboard programs. $20,000

telluride society for Jazz for support of the telluride Jazz Festival and programs. $15,000

telluride youth lacrosse for support of youth lacrosse programs. $3,000

telluride youth soccer club to subsidize coach and administrative staff salaries and for coach training. $6,000

toddler town of telluride to help subsidize rent costs for its early childhood education program. $15,000

tri-county health network for support of programs to improve health and health access in san miguel, ouray and west montrose counties. $25,000

2011 community grants (continued)

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trust for land restoration to develop a mining restoration and conservation project in the canyon creek watershed of western ouray county. $4,000

trust for Public land to fund the telluride area conservation Program. $5,000

uncompahgre Board of cooperative services for instructional strategies and assessment implementation for children with autism ($10,000) and transition support for severe needs students to post secondary vocational education ($5,000). $15,000

uncompahgre medical center to support umc’s dental program serving low-income and indigent patients. $15,000

uncompahgre legal aid for support of legal services for low-income clients. $4,000

university centers of the san miguel to support higher education programs in san miguel and west montrose counties. $10,500

voyager for children and youth after school and summer programs in ouray county. $13,500

West end Public schools to build a playground for the pre-school and kindergarten programs. $5,000

Wright stuff community Foundation for early childhood education programs in norwood and teacher continuing education. $39,000

telluride medical center for its emergency room remodel. $125,000

telluride academy purchase of its headquarters. $75,000

gold run (new telluride affordable housing project) child care center. $75,000

recent sPecial initiative grants

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2011 Financial statement

Temporarily Unrestricted Restricted TotalREVENUE AND SUPPORT Contributions $ 785,872 $ 1,480,336 $ 2,266,208 Federal contract revenue 635,630 - 635,630 Interest and dividends 142,112 - 142,112 Other income 70,630 - 70,630 Net assets released from restrictions: Satisfaction of time restrictions 1,460,764 (1,460,764) - Satisfaction of program restrictions 228,813 (228,813) -

TOTAL REVENUE AND SUPPORT 3,323,820 (209,241) 3,114,579

EXPENSESProgram Services: Grants and assistance programs 2,570,268 - 2,570,268 Education and consulting 132,193 - 132,193

Total Program Services 2,702,461 - 2,702,461

Support Services: Development 220,819 - 220,819 General and administrative 195,511 - 195,511

Total Supporting Services 416,330 - 416,330

TOTAL EXPENSES 3,118,791 - 3,118,791

CHANGE IN NET ASSETS FROM OPERATIONS 205,029 (209,241) (4,212)

Nonoperating Activities: Realized and unrealized investment losses (88,508) - (88,508) Change in value of charitable gift annuity (10,715) - (10,715)

CHANGE IN NET ASSETS 105,806 (209,241) (103,435)

NET ASSETS, BEGINNING OF YEAR 3,811,880 2,393,937 6,205,817

NET ASSETS, END OF YEAR $ 3,917,686 $ 2,184,696 $ 6,102,382

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consolidated statements oF Financial PositiondecemBer 31, 2011 and 2010

2011 2010ASSETS Cash and cash equivalents $ 1,389,150 $ 1,488,471 Investments 3,671,400 3,576,188 Accounts receivable 12,135 2,570 Pledges and contributions receivable, net 2,399,424 2,383,668 Note receivable 37,500 85,000 Other assets 8,881 6,172 Property and equipment, net 479,998 489,495

TOTAL ASSETS $ 7,998,488 $ 8,031,563

LIABILITIES AND NET ASSETS

Liabilities Accounts payable and accrued expenses $ 79,791 $ 67,739 Grants payable 1,082,559 1,095,295 Agency payables 345,709 262,316 Charitable gift annuity 124,397 129,561 Loan payable 263,649 270,836

TOTAL LIABILITIES $ 1,896,105 $ 1,825,747

Net AssetsUnrestricted $ 3,917,687 $ 3,811,880 Temporarily restricted 2,184,696 2,393,937

TOTAL NET ASSETS 6,102,383 6,205,817 TOTAL LIABILITIES AND NET ASSETS $ 7,998,488 $ 8,031,564

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Community Grants

Total Grants

grant aWard history

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service area the telluride Foundation serves people in san miguel, ouray, and western montrose counties.

exPenses

development 9%

education 4%

administration 3%

grants 84%

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montrose

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cover Photo: nick Wolcott | design: mattheW Bacon

Please join us as we strive to make more possible…

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220 e. colorado avenue, suite 106 Po Box 4222 telluride, co 81435 970.728.8717 fax 970.728.9007

For more information about the telluride Foundation, please visit telluridefoundation.org

Paul major ceo & President [email protected]

susie schaefer Finance director [email protected]

katie singer development manager [email protected]

april montgomery Programs director [email protected]