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The Colorado Trust’s original endowment of $191 million was received from the sale of the PSL Healthcare Corporation in 1985. From its inception through 2006, grants totaling $267.1 million have been made to grantees throughout Colorado. |
| FINANCIAL GOAL: The Colorado Trust strives to conduct its financial affairs according to the highest ethical standards, and to maintain or increase the real value of Trust investments in perpetuity to serve the needs of the people of Colorado today and into the future. |
| THE COLORADO TRUST STATEMENTS OF FINANCIAL POSITION DECEMBER 31, 2006 AND 2005 |
| ASSETS: Cash and cash equivalents Interest and dividends receivable Prepaid and other expenses Investments Other assets Cash held in custody for others Property and equipment: Building improvements Machinery and equipment Furniture and fixtures Accumulated depreciation Property and equipment, net Investments held in trust TOTAL ASSETS |
2006 $185,732 872,182 24,015 480,133,622 323,498 94,908 1,459,738 371,182 326,966 2,157,886 (1,099,063) 1,058,823 396,120 $483,088,900 |
2005 $331,976 663,780 15,606 445,863,116 476,132 105,577 1,459,738 346,189 326,966 2,132,893 (1,009,771) 1,123,122 704,543 $449,283,852 |
| LIABILITIES & NET ASSETS: Accounts payable and accrued expenses Other accrued liabilities Cash held in custody for others Grants payable Deferred compensation Accrued excise tax payable Deferred excise tax liability TOTAL LIABILITIES Net assets - Unrestricted TOTAL LIABILITIES & NET ASSETS |
$36,938 331,835 94,908 22,457,439 396,120 89,403 805,348 24,211,991 458,876,909 $483,088,900 |
$36,142 300,156 105,577 27,949,655 704,543 95,965 1,040,457 30,232,495 419,051,357 $449,283,852 |