Financials of 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 2010, grants totaling nearly $347 million have been made to grantees across Colorado.

$19.8 million in grants were paid in 2010 with support being provided to more than 200 grantees.

TOTAL ASSETS:

 2010
$410,863,387
 2009
$387,770,144

THE COLORADO TRUST
STATEMENTS OF FINANCIAL POSITION
DECEMBER 31, 2010 AND 2009

ASSETS:
Cash and cash equivalents
Accounts receivable
Contributions receivable
Interest and real estate distributions
  receivable
Prepaid and other expenses
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 under deferred compensaton agreements
TOTAL ASSETS

 2010
$303,855
319
1,334,000
1,191,079
14,792
407,24,983
93,109


18,872
585,787
351,810
956,469
(666,975)
289,494

389,756
$410,863,387
 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

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
Deferred excise tax payable
Excise tax payable
     TOTAL LIABILITIES
Net assets:
  Unrestricted
  Temporarily restricted
     TOTAL LIABILITIES & NET ASSETS


$52,531
249,412
4,264,019
93,109
14,167,098
389,756
388,759
        43,995
19,648,679

389,880,708
1,334,000
$410,863,387


$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
THE COLORADO TRUST
STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS
FOR THE YEARS ENDED DECEMBER 31, 2010 AND 2009

UNRESTRICTED REVENUES, GAINS &
SUPPORT:
Interest and dividend income
Net realized and unrealized gain on
  investments
Income from real estate activities
Other income
Investment management fees
Net assets released from restriction
     TOTAL UNRESTRICTED
     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

Increase in unrestricted net assets

Temporarily Restricted Support:
Contributions
Net assets released from restriction
Increase in temporarily restricted net assets
Change in Net Assets
Net Assets at Beginning of Year

     NET ASSETS AT END OF YEAR

2010

$8,759,325

38,921,522
746,225
57,011
(976,868)
666,000

$48,173,215



$11,727,168

421,851
262,060
3,200,788
2,772,632
*$18,384,499

1,080,732
479,288
$19,944,519

28,228,696


2,000,000
(666,000)
1,334,000
29,562,696
361,652,012

$391,214,708

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


–
________–
–
60,080,679
301,571,333

$361,652,012
*Accrual method; actual cash payments for 2010 grants totaled $19,789,822.
**Accrual method; actual cash payments for 2009 grants totaled $21,614,060.

ADDITIONAL FINANCIAL INFORMATION:
2010 Audited Financial Statements (PDF, 1.05MB)
The Colorado Trust's Financial 2010 form 990-PF, Return of Private Foundation (PDF, 1.57MB)