The Piton Foundation
- Assets
- $212.6m
- Revenue
- $13.8m
- Investments
- $197.2m
- Employees
- 0
- Location
- Denver, CO
- Founding
- 02/2003
- Data as of
- 12/2020
- EIN
- 81-0587194
Organization Overview
The Piton Foundation is located in Denver, CO. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Piton Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Piton Foundation generated $13.8m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 22.9% each year . All expenses for the organization totaled $12.1m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Piton Foundation has awarded 561 individual grants totaling $36,791,674. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION WAS FORMED TO MAKE DISTRIBUTIONS TO EXEMPT ORGANIZATIONS FOR CHARITABLE AND EDUCATIONAL PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Johnston President & CEO | 20 | $219,606 | |
Santhosh Ramdoss VP Impact Investing | 20 | $132,573 | |
Damion Leenatali VP Strategic Philanthropy & Policy | 20 | $116,304 | |
Carey Dobbertin CFO & Treasurer | 20 | $109,255 | |
Ami Desai COO | 20 | $106,892 | |
Eric Parrie VP Builds | 20 | $101,226 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Change Matrix | 12/30/21 | $387,500 |
Slalom Llc | 12/30/21 | $378,536 |
The Caprock Group Inc | 12/30/21 | $246,500 |
Root Policy Research | 12/30/21 | $59,000 |
Colorado Futures Center | 12/30/21 | $84,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,276,667 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,985,557 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,789,326 |
| Capital Gain Net Income | $4,956,244 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$269,463 |
| Total Revenue | $13,782,087 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $638,445 |
| Other employee salaries and wages | $1,756,981 |
| Pension plans, employee benefits | $767,931 |
| Interest | $0 |
| Taxes | $33,120 |
| Depreciation | $16,669 |
| Occupancy | $277,663 |
| Travel, conferences, and meetings | $21,336 |
| Printing and publications | $59,623 |
| Other expenses | $444,872 |
| Total operating and administrative expenses | $5,270,216 |
| Contributions, gifts, grants paid | $6,807,133 |
| Total expenses and disbursements | $12,077,349 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,146,669 |
| Savings and temporary cash investments | $2,265,585 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $50,959 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $77,903,739 |
| Net Land, buildings, and equipment | $77,147 |
| Other assets | $7,822,054 |
| Total assets | $212,611,882 |
| Accounts payable and accrued expenses | $1,000,923 |
| Grants payable | $5,551,864 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,552,787 |
Grants Awarded
Over the last fiscal year, The Piton Foundation has awarded $7,435,762 in support to 134 organizations.
| Grant Recipient | Amount |
|---|---|
Denver, CO PURPOSE: A NEW, PERMANENTLY AFFORDABLE HOUSING PLATFORM ? INITIATED BY A CONSORTIUM OF LOCAL FOUNDATIONS AND INCUBATED BY THE NATIONALLY-RECOGNIZED LAND PRESERVATION NONPROFIT URBAN LAND CONSERVANCY THAT SUPPORTS LOW- AND MODERATE-INCOME RESIDENTS TO ATTAIN AND SUSTAIN HOMEOWNERSHIP. THE SELF-SUSTAINING PLATFORM WILL HELP MITIGATE HOUSING DISPLACEMENT, KEEP FAMILIES IN PLACE AND OFFER SOLUTIONS TO ADDRESS ACCESS TO MULTIPLE SOCIAL DETERMINANTS OF HEALTH. IN ITS FIRST 5-YEARS, ELEVATION WILL ACQUIRE AND DEVELOP OVER 700 SINGLE FAMILY HOMES, TOWNHOMES AND CONDOS, PROVIDING A RANGE OF RENTAL, LEASE-TO-OWN AND OWNER-OCCUPIED HOUSING OPTIONS IN GENTRIFYING/AT-RISK NEIGHBORHOODS ACROSS METRO DENVER. | $1,000,000 |
Denver, CO PURPOSE: FUNDING FOR THE LAUNCH OF A NEW EVIDENCE BASED PROGRAM IN COLORADO TO SERVE HIGH NEED FAMILIES WITH HOME-BASED MENTAL HEALTH SERVICES. LAUNCH AND EVENTUALLY SCALE A PROGRAM DESIGNED TO SERVE THE CHILDREN AND FAMILIES FACING THE EFFECTS OF TRAUMA. | $500,000 |
Denver, CO PURPOSE: SCALE UP THE SUCCESSFUL WORKNOW COLLECTIVE IMPACT MODEL BY INCLUDING NEW SERVICE PARTNERS, EMPLOYER PARTNERS AND CONSTRUCTION TRAINING CURRICULUM TOOLS. FURTHER EXPAND JOB CREATION FOR 30,000 UNDEREMPLOYED, LOW SKILLED WORKERS AND ENTREPRENEURS IN COMMUNITIES AFFECTED BY THE UPCOMING LARGE PROJECTS. | $489,500 |
Denver, CO PURPOSE: INVESTMENT IN POLICY AND ADVOCACY IN EARLY CHILDHOOD - INVESTING IN THE COLORADO CHILDREN'S CAMPAIGN WILL SUPPORT THE TRANSFORMATION OF COLORADO'S EARLY CHILDHOOD SYSTEM. | $345,000 |
Denver, CO PURPOSE: ROSE WILLL SERVE AS THE FISCAL SPONSOR FOR THE POOLED PHILANTHROPIC FUNDING FOR THE EARLY CHILDHOOD WORKFORCE INNOVATION GRANTS. ROSE WILL ALLOW THE PARTNERS TO SEEK OUT ADDITIONAL FUNDERS FOR THIS PROJECT BECAUSE THEY CAN ADD THEIR FUNDS TO THIS POOL. | $315,000 |
DENVER PUBLIC SAFETY YOUTH PROGRAMS PURPOSE: RECOVERABLE GRANT TURNED INTO A REG GRANT- AN UPSTREAM, PREVENTATIVE APPROACH TO PROVIDE EARLY SUPPORT FOR RUNAWAY YOUTH LIKELY TO BECOME INVOLVED IN STATE-FUNDED JUVENILE JUSTICE SYSTEMS. THE PRIMARY PROJECT GOAL WAS TO PREVENT OR REDUCE JUVENILE JUSTICE AND/OR CHILD WELFARE INVOLVEMENT OF PROJECT PARTICIPANTS WITH SHORT-TERM SUCCESS MEASURES FOCUSING ON PARTICIPANT ENGAGEMENT RATES. | $294,884 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sorenson Legacy Foundation Midvale, UT | $495,708,411 | $38,649,828 |
Diane And Bruce Halle Foundation Scottsdale, AZ | $130,264 | $31,307,586 |
Inasmuch Foundation Oklahoma City, OK | $394,422,796 | $49,887,073 |
William K Warren Foundation Tulsa, OK | $318,898,600 | $38,179,587 |
Kennys Kids Sedona, AZ | $0 | $509,065 |
Brent Eley Center Inc Aurora, CO | $0 | $0 |
Boettcher Foundation Denver, CO | $266,743,315 | $22,782,794 |
Charityvision International Inc Provo, UT | $7,076,179 | $9,590,152 |
R Foundation Kaysville, UT | $410,534 | $5,235,533 |
The Piton Foundation Denver, CO | $212,611,882 | $13,782,087 |
Stonewall Foundation Tucson, AZ | $0 | $109,268 |
Ssb Charitable Foundation Colorado Springs, CO | $10,867,168 | $21,135,487 |