Financials

2009 Financials for The Colorado Trust

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 2009, grants totaling $326.9 million have been made to grantees across Colorado.

$21.6 million in grants were made in 2009 with support being provided to more than 218 grantees.

TOTAL ASSETS:

 2009
$387,770,144
 2008
$337,239,618

THE COLORADO TRUST
STATEMENTS OF FINANCIAL POSITION
DECEMBER 31, 2009 AND 2008

ASSETS:
Cash and cash equivalents 
Interest and dividends receivable
Prepaid and other expenses
Excise tax receivable
Investments
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

 2009
$141,522
1,011,816
39,859
–
385,846,674
124,549


10,068
452,595
351,810
814,473
(579,250)
235,223
370,501
$387,770,144

 2008
$105,024
505,157
26,831
227,619
335,878,816
84,886


10,068
325,438
354,771
690,277
(613,701)
76,576
334,709
$337,239,618

LIABILITIES & NET ASSETS:
Accounts payable and accrued expenses
Other accrued liabilities
Deferred gain on sale-leaseback
Cash held in custody for others
Grants payable
Deferred compensation
Excise tax payable
     TOTAL LIABILITIES
Net assets – Unrestricted
     TOTAL LIABILITIES & NET ASSETS


$49,108
352,558
4,513,619
124,549
20,615,819
370,501
        91,978
26,118,132
361,652,012
$387,770,144


$50,785
174,541
4,763,219
84,886
30,260,145
334,709
                –
35,668,285
301,571,333
$337,239,618
REVENUES, GAINS & SUPPORT:
Interest and dividend income
Net realized and unrealized gain on investments
Income from real estate activities
Other investment income – Sherman Street Properties, Inc.
Other income
Investment management fees
     TOTAL REVENUES, GAINS & SUPPORT

EXPENSES:
Program services:
  Access to Health
  Accessible and Affordable Health Care Initiatives
  Strengthening Families Initiatives
  Other grant expenses
  Grant administration
     TOTAL PROGRAM SERVICES
Management and general
Excise tax expense
     TOTAL EXPENSES
Change in Net Assets
Net Assets at Beginning of Year
     NET ASSETS AT END OF YEAR		 2009
$9,548,444
(68,689,907)
1,299,607

–
15,107
(699,198)
$78,853,867



$4,628,755
6,458,541
573,462
3,718,378
2,698,589
*$18,077,725
657,571
37,892
$18,773,188
60,080,679
301,571,333
$361,652,012
 2008
$14,583,343
(167,217,829)
710,798

(287,435)
(1,015)
(914,314)
$(153,126,452)



$17,260,467
2,819,892
3,038,126
3,079,943
2,289,457
**28,487,885
1,363,873
(534,689)
$29,317,069
(182,443,521)
484,014,854
$301,571,333
*Accrual method; actual cash payments for 2009 grants totaled $21,614,060.
**Accrual method; actual cash payments for 2008 grants totaled $19,674,360.

ADDITIONAL FINANCIAL INFORMATION:
2009 Audited Financial Statements (PDF, 1.05MB)
The Colorado Trust's Financial 2009 990-PF, Return of Private Foundation (PDF, 1.57MB)