Denver Foundation
- Assets
- $1.2b
- Revenue
- $137.6m
- Investments
- $552.3m
- Employees
- 60
- Location
- Denver, CO
- Founding
- 01/1943
- Data as of
- 12/2022
- EIN
- 84-6048381
Organization Overview
Denver Foundation is located in Denver, CO. The organization was established in 1943. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Denver Foundation employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Denver 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 12/2022, Denver Foundation generated $137.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $132.1m during the year ending 12/2022. While expenses have increased by 2.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Denver Foundation has awarded 11,046 individual grants totaling $734,210,766. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE PEOPLE AND MOBILIZE RESOURCES TO STRENGTHEN OUR COMMUNITY.
Describe the Organization's Program Activity:
DONOR-ADVISED FUND GRANTS: THE DENVER FOUNDATION GAVE 3,853 GRANTS FROM DONOR-ADVISED FUNDS IN 2022, REPRESENTING APPROXIMATELY 81% OF THE GRANTS MADE BY THE DENVER FOUNDATION. THESE GRANTS SUPPORTED CHARITABLE ENDEAVORS IN NEARLY EVERY TYPE AND SIZE OF A NONPROFIT ORGANIZATION. THE MAJORITY OF THESE ORGANIZATIONS ARE LOCATED IN THE SEVEN-COUNTY METRO DENVER AREA; HOWEVER, THESE FUNDS CAN MAKE GRANTS TO ANY U.S.-BASED CHARITY.
ADMINISTRATION AND DISBURSEMENT OF FUNDS FOR CHARITABLE USE: THE DENVER FOUNDATION ADMINISTERS ENDOWMENTS FOR NUMEROUS NONPROFIT ORGANIZATIONS.
COMMUNITY GRANTS: FUNDED BY GENEROUS GIFTS FROM DONORS THROUGHOUT THE 98-YEAR HISTORY OF THE FOUNDATION, COMMUNITY GRANTS SUPPORT NONPROFITS THAT HELP ACHIEVE THE FOUNDATION'S MISSION OF IMPROVING LIFE IN METRO DENVER. THROUGH THE COMMUNITY GRANTS PROGRAM, THE DENVER FOUNDATION INVESTS IN NONPROFIT ORGANIZATIONS AND COLLABORATIONS THAT ARE REDUCING DISPARITIES AND PROMOTING EQUITY IN THE COMMUNITIES, PRIORITIZING PEOPLE LIVING IN POVERTY, IMMIGRANTS AND REFUGEES, AND PEOPLE OF COLOR IN METRO DENVER. THROUGH THIS GRANTMAKING, WE SUPPORT NONPROFITS THAT SERVE THE SEVEN-COUNTY METRO DENVER AREA; ADVANCE OUR CORE VALUES OF CONSTITUENT ENGAGEMENT AND RACIAL EQUITY; AND ALIGN WITH OUR PRIORITY FUNDING AREAS OF CLIMATE AND ENVIRONMENT, ECONOMIC OPPORTUNITY, EDUCATION, HOUSING, AND TRANSPORTATION. TO BE ELIGIBLE FOR FUNDING, ORGANIZATIONS MUST HAVE A 501 (C)(3) TAX-EXEMPT STATUS, SERVE RESIDENTS IN ADAMS, ARAPAHOE, BOULDER, BROOMFIELD, DENVER, DOUGLAS, OR JEFFERSON COUNTIES, AND FULFILL THE GOALS OUTLINED IN THE PUBLISHED GRANT GUIDELINES AVAILABLE AT WWW.DENVERFOUNDATION.ORG.
THE DENVER FOUNDATION OPERATES 89 DIFFERENT SCHOLARSHIP PROGRAMS. IN 2022 THESE PROGRAMS AWARDED 1,224 SCHOLARSHIPS TO STUDENTS IN 79 SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Seth Belzley Trustee | Trustee | 1 | $0 |
Alisha Brown Trustee | Trustee | 1 | $0 |
Veronica Crespin-Palmer Trustee | Trustee | 1 | $0 |
Carey Dobbertin Trustee | Trustee | 1 | $0 |
Myra Donovan Vice -Chair | OfficerTrustee | 2 | $0 |
Mira Fine Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nepcllc Investment Consultant | 12/30/22 | $331,955 |
Latino Coalition For Community Leadershi Contract Services | 12/30/22 | $312,128 |
Holland & Hart Legal Services | 12/30/22 | $246,486 |
Foundant Technologies Software Services | 12/30/22 | $169,200 |
Colorado Health Institute Contract Services | 12/30/22 | $108,737 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,100,511 |
| All other contributions, gifts, grants, and similar amounts not included above | $101,309,627 |
| Noncash contributions included in lines 1a–1f | $71,293,580 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $105,410,138 |
| Total Program Service Revenue | $954,783 |
| Investment income | $17,952,891 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $8,009 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,333,181 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $137,620,038 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $108,840,555 |
| Grants and other assistance to domestic individuals. | $6,286,504 |
| Grants and other assistance to Foreign Orgs/Individuals | $10,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,244,410 |
| Compensation of current officers, directors, key employees. | $348,870 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,579,461 |
| Pension plan accruals and contributions | $186,304 |
| Other employee benefits | $474,339 |
| Payroll taxes | $319,362 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $244,004 |
| Fees for services: Accounting | $114,873 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,800,881 |
| Fees for services: Other | $1,382,492 |
| Advertising and promotion | $36,009 |
| Office expenses | $264,169 |
| Information technology | $408,315 |
| Royalties | $0 |
| Occupancy | $134,231 |
| Travel | $238,401 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $130,291 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $209,995 |
| Insurance | $90,291 |
| All other expenses | $2,799 |
| Total functional expenses | $132,117,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,313 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $569,977 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,350 |
| Net Land, buildings, and equipment | $8,551,232 |
| Investments—publicly traded securities | $469,023,388 |
| Investments—other securities | $552,325,745 |
| Investments—program-related | $16,200,828 |
| Intangible assets | $0 |
| Other assets | $103,696,835 |
| Total assets | $1,150,464,668 |
| Accounts payable and accrued expenses | $676,047 |
| Grants payable | $20,201,967 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,311,603 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $95,442,114 |
| Total liabilities | $118,631,731 |
| Net assets without donor restrictions | $1,022,999,125 |
| Net assets with donor restrictions | $8,833,812 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,150,464,668 |
Grants Awarded
Over the last fiscal year, Denver Foundation has awarded $107,120,865 in support to 1,126 organizations.
| Grant Recipient | Amount |
|---|---|
350 COLORADO PURPOSE: ENVIRONMENT NEC | $25,000 |
50CAN INC - TRANSFORM EDUCATION NOW PURPOSE: ALLIANCES & ADVOCACY | $30,000 |
5TH ELEMENT CENTER FOR DANCE PURPOSE: DANCE | $23,450 |
9TO5 COLORADO PURPOSE: WOMEN'S RIGHTS | $50,000 |
A LITTLE HELP PURPOSE: MUTUAL & MEMBERSHIP BENEFIT NEC | $12,000 |
A PRECIOUS CHILD INC PURPOSE: HUMAN SERVICES | $67,390 |