TEL LUR IDE
2013 ANNUAL REPORT
Telluride... a place of endless beauty‌ A community with unlimited possibilities. But achieving the true potential of our region is going to take something. It’s going to take a commitment to a future where each and every person is fulfilled, cared for, and is making their mark on the region. As you’ll see on the following pages, the Telluride Foundation is already at work on fulfilling that future. We invite you to discover what we can do together. We invite you to be our partner in making more possible in Telluride.
the write stuff fund 07 board of directors 11 letter from the co-chairs 13 the good neighbor fund 15 donors 17 the telluride medical capital fund 19 community grant guidelines 21 2013 community grants 22 latino initiative 35 fund overview 38 the telluride film festival 44 gift ideas 46 what is planned giving? 48 san miguel resource center 50 statement of financial position 52 mission and values 54
TABLE OF CONTENTS
Thanks to a $25,000 grant from the Telluride Foundation, the Wright Stuff Foundation can continue to make a positive impact on rural working families in San Miguel County. The Wright Stuff Foundation was founded in 1996 as a small child care program for at-risk children and quickly blossomed into the vital organization that it is today. The organization grew to accommodate the growing need for affordable, early child care and to meet the growing demand for continuing educational opportunities. In 2002 the organization completed its most ambitious project to date – a 9,000 sq. ft. community learning center called Wright Mesa Center for Early and Continuing Education in Norwood. lisa, brendan, and kellon doyle Lisa Doyle is passionate about her work. As a middle school English teacher in the Norwood School District, she enjoys challenging young minds and making a positive impact on future generations. After having her first child, Kellon, last July, she was excited to return to work but apprehensive to be apart from her infant son. Lisa’s husband Brendan, who works for Great Lakes Aviation at the Telluride Airport, could not stay home with the baby due to his work schedule. They were concerned about finding affordable, quality day care that they could trust. When the Doyle’s discovered the Wright Stuff Foundation, their dilemma was solved. Kellan, now 9 months old, has been enrolled in
the wright stuff foundation
the Wright Stuff Day Care Program for 5 months. He and his parents couldn’t be happier. “It’s a wonderful opportunity for him to be around other babies his age and develop social skills. The program introduces so many developmental activities. It has made a big difference,” said Lisa.
the telluride foundation is honored to count these individuals among its board of directors
General H. Norman Schwarzkopf Retired, US Army General, Co-Chairman Ron Allred Co-Chairman
Bill Ford Chairman & CEO, Ford Motor Company Bunny Freidus Chair, San Miguel Resource Center
Mike Armstrong Chairman, Comcast
Tully Friedman Chairman & CEO, Friedman, Fleischer & Lowe
Ed Barlow Senior Partner, Whitcom Partners
Ken Gart Chairman, Specialty Sports Venture, LLC
Richard Betts Owner, ASAP Accounting & Payroll Services
Bill Gershen Owner, Vanguard Industries
Board Of Directors Harmon Brown Proprietor, Harmon’s at the Depot Bill Carstens Founder, Carstens Ranch
Allan Gerstle Director, San Miguel County Social Services Ron Gilmer Chair, Telluride Commission for the Arts & Special Events
Joanne Corzine Developer, West Meadows
Mark Dalton President, Tudor Investment Corporation Kim Day Private Investor
Vern Ebert Member, San Miguel County Commissioners Davis Fansler Mayor, Town of Mountain Village
Anne Herrick Non-profit Consultant Ambassador Richard Holbrooke Former U.S. Ambassador to the U.N.
Betsy Lindsay Owner, Mountain View Events Paul Major CEO, Telluride Foundation (ex-officio) Tricia Maxon President, Bank of Telluride Joan May Director, Sheep Mountain Alliance Joe Hideo Morita Partner, Telluride Ski & Golf Resort John Pryor Mayor, Town of Telluride Marilyn Tucker Quayle President, BTC, Inc. Dick Rodgers President, Mountain Village Wells Fargo Bank Mary Rubadeau Superintendent, Telluride School District Susan Saint James Actress, Special Olympics Board Member
Chuck Horning Owner, Telluride Ski Resort Ron Kurucz Owner, San Miguel Development Company
Josh Sale Chair, San Miguel County Open Space Commission Bob Trenary Private Investor
Stephen Wald Private Investor, Chair, Telluride Medical Center Jim Wear Founder, Wear, Travers, Krueger & Perkins, P.C.
Leadership is more than simply being the first in line or the ability to bark an order. True leaders earn this awesome responsibility with strength of character, hard work, and compassion for those who empower them with their trust. The Telluride Foundation understands that our leadership role in building a sustainable funding source for the remarkable non-profit community within the Telluride region can not be commanded, conferred, or assumed. The Telluride Foundation, its Board, friends, donors, and grant recipients, must set a high ethical bar, continually challenge ourselves with ambitious goals, and guide our actions with a firm set of principles recognized and shared by all we serve.
us can important e in shaping e’s future.
Dear Board of Directors, friends and residents of the Telluride Community, The Telluride Foundation continues to meet its own high expectations for the organization’s core mission: to preserve and enrich the quality of life for our residents, our workforce, and visitors to the Telluride Region. Over 60 local non-profits comprise this year’s family of recipients for grants, technical assistance, and educational workshops and symposiums. It is indeed remarkable that with your help we have been able to grant over $4 million in four years to the dedicated people who step up each and every day to offer hope and assistance to those in need. We are excited about our new programs and outreach strategies to insure that we continue to meet the needs and expectations of our donors and our grantees. The Bright Futures Child Care Fund, focusing on early childhood interventions for success, and the Good Neighbor Fund, establishing an emergency assistance fund for local families in financial crisis, are just two initiatives that illustrate our unique ability to respond to local community needs and priorities in a timely and efficient manner. Our guiding principle is to make more possible. Efforts to streamline and simplify our donors desire for immediate positive impacts with their philanthropic gifts continue to prove successful. The number of active donors has increased ten fold since our inception four years ago. As we look towards the future, a bright horizon of unlimited potential is within reach. We invite you to help us celebrate our accomplishments in 2013 and to become an active part of our ongoing strategies for positive change by contacting us and exploring the many ways you can lend a hand. Each of us can make an important difference in shaping Telluride’s future.
general h. norman schwarzkoph co-chair
paul major president + ceo
ron allred co-chair
Designed to be a resource for people to utilize after they’ve exhausted all other options, including state and local governmental agencies, the Good Neighbor Fund was created to provide one-time emergency assistance for San Miguel County residents experiencing financial Jay Grierson,
hardship. Its goal is to quickly, effectively, and confidentially provide
grant recipient of the Good Neighbor Fund
financial assistance for certain qualified needs including housing, transportation, or medical treatment. The Fund pays vendors directly; it is the perfect mechanism for donors who want to impact the lives of San Miguel County residents in need by helping them remain a part of our community. The Fund has no overhead – all donations made to it are passed on to those in need. In 2013, the Good Neighbor Fund assisted 26 San Miguel County residents with nearly $24,000 in emergency grants. michelle and jay grierson Michelle and Jay Grierson, long-time locals of the Telluride region, are a responsible, hard-working couple. With a dual income from Jay’s construction job in Telluride and Michelle’s hair salon in Nucla, they were able to provide for their small family, their four-year old son Coby and a new baby on the way.
the good neighbor foundation
That all changed on October 7, when Jay, the passenger, was severely injured in a car accident at Society Turn. With four broken ribs, a fractured hip, and a ruptured spleen, he remained in the hospital for five days and was unable to work for four months due to the severity of his injuries. Without Jay’s income, his family started to fall into debt. “While I was pregnant, I worked six days a week in the salon to try to make ends meet, but I couldn’t make enough,” said Michelle. When Jay was able to return to work, his new job paid significantly less than he was making prior to the accident. “We were just falling deeper and deeper into the hole. We had no where else to turn, that is when I learned about the Good Neighbor Fund,” Michelle reflected. The Good Neighbor Fund paid one month of the Grierson’s bills including their utilities, propane, gas, electric and mortgage. “It was just one month of bills but the financial assistance really helped us out,” said Michelle.
Friends of Telluride
Telluride Family Funds
Patrons
Ron & Joyce Allred
Paula Malone
Bill & Debbie Carstens
Jane Taylor
John & Ellen Pillsbury
Bob Borchardt
C. Michael & Anne Armstrong
Fletcher & Elizabeth
Corey & Shirley Fortenberry
Don & Nancy Orr
Genevieve Plamondon
Scott Borman
Bank of Telluride, A WestStar Bank
McCusker
Town of Mountain Village
Lawrence & Joy Ramaekers
Michael & Marilyn Ratner
Harmon Brown
Ed & Frances Barlow
Joe Hideo & Hiroko Morita
gold hill
Dick & Linda Rodgers
Sam & Francesca Rehnborg
Stuart & Joanna Brown
Barney & Carol Barnett
Barbara Parish &
Paul Allaire
John & Laura Shields
Frank & Bee Reichel
Peter & Linda Bynoe
Sharen & Marc Berman,
Gary Roberts
Juan Carlos &
Lynne Tryon Smalley
Chad Scothorn
Charles & Sue Cobb
The Skylark Foundation
George & Julie Parker
Christina Casas
Jack & Dawn Taylor
John & Carolyn Snow
David Donner
Darren & Julie Blanton
Ned & Diane Powell
Bob & Jenny Delves
John Temple &
Jonathan & Tiffany Sweet
Tracey Esherick
Timothy Boberg &
Bob & Winnie Roloson
Cliff & Brenda Gilbert
Judith Gittinger
Wolf Family - Ridgway, CO
Stephanie Fanos
Roxanne Pulitzer
Rich & Elizabeth Salem
Dan & Marilyn Quayle
David & Julie Vaughn
Dave & Shari Flatt
Kevin & Mary Grace Burke
Richard & Barbara Schell
Peter & Carol Sellon
Tom & Eppi Waldin
George & Pam Hamel
Paul & Joann Claeyssens
H. Norman & Brenda Schwarzkopf
Lary & Sally Simpson
first tracks
John & Sandra Horvitz
Joanne Corzine
Tom Schwartz
Harlan & Carol Waksal
John & Beverly Baker
Fred & Gail Kittler
Mark & Susan Dalton
Nelson & Sharon Sharp
bridal veil
Richard Betts
Adam & Tina Kreysar
Kim & Kim Day
Marty & Marlene Silver
Brian & Mary Claire
Charles & Virginia Bowden
Las Montanas
Bill & Becky Deupree
Pamela Smith
Blackshaw
Alberto & Irene Casaretto
Vincent & Anne Mai
Dick Ebersol &
Terry & Chris Stephens
Peter & Francine Cogen
Mike & Jane Conlin
Mike & Beverly McTigue
Patricia Sullivan
Lou & Bonnie Cohen
Rosie Cusack
Art & Paige Nagle
Davis & Bobsey Fansler
Telluride Sports
Roy & Diana Conovitz
Dr. Andrew & Ziva Dahl
The Mountain Lodge
First National Bank of Telluride
Bob & Jane Trenary
Bob Demsey &
Erik & Josephine Fallenius
at Telluride
Bill & Lisa Ford
Stephen & Sheila Wald
Suzanne Dahl
Bill Fandel
Mountain Village
Bunny Freidus & John Steel
The Robert T. Wall Family
Stephen Farish III
Richard & Julie Houck
Metro Services
Tully & Elise Friedman
Jim Wear
Bob Glah
Kevin & Kristin Holbrook
Jonathan &
Bill & Debra Gershen
Jim & Sheila Wells
Bob & Ana Greene
Peter Jamar
Rebecca Radford
Robert & Nancy Hayden
Wyndham Peaks Resortt patrons
Richard Holbrooke &
Betsy Lindsay
Mary & Bob Rubadeau
Ted & Anne Herrick
Kati Marton
Holly Parker/AMMV Sales
Josh Sale & Peggy Curran
Joe & Lynne Horning
Bill & Lucy Kingsford
Brian Parsley
Joseph Slotnik
Chad Horning
Casey & Megan
Maureen Pechacek &
Richard & Anna Teerlink
M. Charles Horning
McManemin
Maynard Howe
Peter Welles
James M. Johnson Fund
Bill & Cheryl Nordstrom
John Perpar
Ron Kurucz
Frederic Ohringer &
Ock & Joanie Peterson
Susan Saint James
donors
the telluride medical capital fund
The Telluride Medical Capital Fund was established by local community members in 2003, with the goal to expand the scope and sophistication of healthcare services in the Telluride Region. The Fund hosts an annual dinner and auction event called Operation F.E.A.S.T. (Fundraiser for Expanding and Supporting Telluride’s medical capabilities). Through the generosity of the attendees, Operation F.E.A.S.T. 2003 and 2013 raised over $380,000 for the purchase of a CT scan and computerized x-ray for the Telluride Medical Center. The new equipment has made a tremendous impact–lives have been saved and the quality of health care available in Telluride has increased dramatically. william “senior” mahoney A true Telluride native, Senior Mahoney moved to Telluride in 1937, when he was three-years old. After working in the mines for 27 years, he resigned from his position as Idarado mining foreman to become the first mountain manager of the Telluride Ski Resort in 1970. Instrumental in Telluride’s transition from mining town to skiing destination, Senior was inducted into the Colorado Ski Hall of Fame in 1997. September 6, 2013 is a day that changed Senior’s life forever. With major discomfort in his back, he knew something wasn’t right. When he arrived at the Telluride Medical Center, he was examined and given a CT scan, a lifesaving measure for Senior. The CT scan revealed an extremely serious and life threatening condition—an aneurysm in his abdominal aorta, on the verge of rupturing. Because every second was critical, he was flown to Durango for emergency surgery where he remained in a drug-induced coma for 10 days. When he finally woke up, he was confronted with a long and challenging road to recovery. “I had to retrain all of my muscles and learn to walk again. I couldn’t even lift my finger. I was just bone in the hide,” Senior recollected. The doctors doubted that Senior would fully recover, walk again, or return to the high altitude environment of Telluride, a place he has called home for the past 73 years. But Senior defied all odds and after an intense, two-month rehabilitation that entailed 3-5 hours per day of physical therapy, Senior is happily back
William “Senior” Mahoney, life-long Telluride resident and ski industry icon
home in Telluride.
The Telluride Foundation is a non-profit, community
Applicant Requirements
Review Criteria
Technical Assistance Grants
quality of life of the residents, visitors, and workforce
The Telluride Foundation will consider grant
The Grants Committee will use
The Foundation is pleased to offer applicants
of the Telluride region by fostering private giving
applications from organizations that meet the
the following criteria to review
the opportunity for both a traditional grant
and strengthening service providers. To this end, the
following criteria:
applications. These criteria are not exclusive, and the
and/or a technical assistance grant award.
board reserves the right to use its own best judgment
Technical Assistance Grants provide an easy,
when making final grant awards.
effective way for non-profit organizations to
foundation committed to preserving and enriching the
C O M MUNITY GRANT GUIDETelluride Foundation awards grants to local non-profit
organizations involved in the arts, education, athletics,
1.
land conservation, and other community-based efforts. Additionally, the Foundation provides local non-profits with technical assistance, such as training seminars,
with the Foundation’s mission statement.
2.
3.
The 2012 application deadline was October 1. grants committee
Serve people living or working in San Miguel County.
grant writing, and consulting services. Foundation grants are awarded once a year, in December.
Conduct activities and programs consistent
4.
selected from the Board of Directors. This committee evaluates the grant applications and provides
recommendations to the Board for final review and approval.
5.
General operating support; existing and new
addressing individual organization’s needs. The Grants Committee reserves the right to
Qualify as a 501(c) 3 tax-exempt organization
strong board participation and stable management,
offer the applicant organization a technical
under the Internal Revenue Code or operating as
diverse source of revenues and earned income
assistance grant rather than a grant award.
a local government or one of their subsidiaries.
opportunities.
Details on technical assistance grants may be found on our web site at:
Provide sound business plans demonstrating
Comply to the Telluride Foundation’s nondiscrimination policy.
Organizations awarded a grant in the prior year’s grant round and which have not submitted a follow-up
current types of support
report prior to the current year’s application deadline are ineligible for a grant in the current year.
Organizations whose mission and proposed project address a current and proven public need for people living and/or working in San Miguel County Applicants that demonstrate strong community support for their organizations and its projects. For example, diversity of other funding sources and community resources; number of diverse participants in the program, project, or organization, including local residents on their board.
programs and projects; equipment; annual campaigns; conferences and seminars; consulting services;
Organizations that show an effective and efficient
matching funds; technical assistance; start-up funds;
delivery of program services. For example, greater
joint requests from multiple applicants.
than 60% of the organization expenses are spent on
LINES
a proven, turnkey program for assessing and
Well-run, financially sound organizations. For example,
fiscal responsibility and long-term viability.
The Grants Committee is composed of seven members
improve their operational efficiency through Priority is given to:
program services.
www.telluridefoundation.org
2013
community grants
action & sports 7%
youth 7% arts & culture 28%
evnironment 9%
education 12% human services 24%
child care 13%
arts & culture
athletics & sports
child care
Ah Haa School for the Arts
Telluride Council for the
Telluride Adaptive Sports Program
Rainbow Preschool & Day Care Center
Children Programs and
Arts and Humanities
Volunteer and Instructor Training,
Support for Scholarships, Enrichment
General Operating Support $ 16,000
Small Grants & Artist
the Telluride Intermediate School
Programs, and Quality Rating System
Fellowship Program $10,000
Disability Awareness Program and
Training $ 21,800
2013
Lizard Head Theatre Company
Scholarships for Low-income San Miguel
General Operating Support and
Telluride Dance Academy
Technical Assistance $ 5,500
Programs for Participants Ages 18 and Under $5,000
community grants Michael D. Palm Theater for PA (TSD) Technical Assistance $ 5,000
County Students $ 8,900
Telluride Early Childhood Center General Operating Support $ 5,260
Telluride Lizard Heads Hockey Club General Operating Support $ 4,000
Telluride Film Festival
Telluride Montessori School Scholarships and Support for
Underwrite the Rent at the Nugget
Telluride Nordic Association
MountainFilm in Telluride
Theater and Educational Programs
General Operating Support $ 5,000
General Operating Support and
with the Schools $ 15,000
the Accreditation Process $ 4,000 Telluride Preschool
Telluride Ski & Snowboard Club
Scholarships and Quality Rating
Telluride Musicfest
Financial Aid for Low-income
System Training $ 3,000
OutLoud Lecture Series
Public performances in Sheridan
Children and New Programming
General Operating Support $ 3,000
Opera House or Telluride R1 School
Costs $ 12,500
Technical Assistance $ 13,000
District Performances $ 2,000
Sheridan Arts Foundation
Young People’s Program $ 12,000
Telluride Repertory Theatre Company
General Operating Support $ 25,000 Telluride Youth Lacrosse Association, Inc General Operating Support $ 2,000
Support for the March Musical and SMC Public Library District #1
the Summer Classics Production. $ 11,000
Final stage of the 70’s Project $ 1,500 Telluride Society for Jazz Telluride Chamber Music Association
General Operating Support $ 5,000
General Operating Support $ 8,000 Telluride Writers Guild Telluride Choral Society
General Operating Support $ 2,410
General Operating Support $ 8,000 Total $ 122,410
Wright Stuff Community Foundation
Total $ 32,400
Total $ 59,060
2013
education
environment
High West Council
Animal Humane Society of Ouray
Telluride Institute
General Operating Support $ 4,000
County,Inc.
Greenbucks Program and
San Miguel County Residents Spay
WEP’s Educational Experiential
Paradox Valley School
& Neuter Program and General
Activities $ 10,000
Afterschool Programs $ 3,000
Operating $ 3,000
Pinhead Institute
Atlas Arkology
San Miguel County Project
K-12 Biodiversity Education
General Operating Support $1,500
San Miguel County Natural Gas
Western Colorado Congress
community grants
Program and Smithsonian Internship Program $ 10,000
Education Project $ 2,500 Green Rico Organization Support for Fundraising Efforts $ 1,500
San Juan Field School San Juan Avalanche Education
Rocky Mountain Ark and Wildlife Center
Program and support for planning
General Operating Support $ 10,000
the International Snow Science Workshop$ 5,000
San Miguel Watershed Coalition River Ranger Program and Seed
San Juan Parenting Education Program
Money for the Report Card
Program Support $ 2,500
Program $ 5,000
Telluride Education Foundation
Sheep Mountain Alliance
Teacher Magnet Program and Outside
Beaming Bioneers Conference
Program Grants $ 17,000
and the Regional Hazardous Materials Day $ 4,000
Telluride Historical Museum General Operating Support $ 5,000 Telluride Mountain School General Operating Support $ 5,000 Total $51,500
Total $ 37,500
human services
youth
Angel Baskets
Telluride AIDS Benefit
Girls Scouts of Chipeta Council
Support for Christmas Dinner $ 4,000
Program Support $ 4,500
Program Support $ 4,000
Holistic Health Resources of the San Juans
Telluride Elks Lodge #692
Horizon Program
Alternative Care Assistance Fund
Challenge Grant for General
General Operating Support $ 12,500
for People Working or Living in
Operating Support $ 2,000
2013
Telluride Academy
San Miguel County $ 3,500 Western Slope Rural Philanthropy Days
Financial Aid for West End Youth,
General Operating Support $ 1,000
Hispanic Summer School Students
community grants Midwestern Colorado Mental Health Center General Operating Support $ 5,000
and Academy Programs $ 12,500
Telluride Hospital District
Midwestern Colorado Mental Health Center
To Defray the Cost of Providing Low-
Voyager Youth Programs
The San Miguel County Drug Court Program
Income Medical Care, Implement a
General Operating Support $ 3,500
$ 5,000
Sliding Scale, and Spanish Language Training $ 20,000
Total $ 32,500
One to One
General Operating Support $ 25,000
Total $ 104,000
San Miguel & Ouray Juvenile Diversion Program
General Operating Support $ 4,000 San Miguel Resource Center General Operating Support $ 25,000 St Mary’s Hospital Foundation CareFlight Program Equipment for CareFlight $ 5,000
GRAND TOTAL
$439,370
grant history
1,500,000
1500 000
1,200,000
1200 000
2013 grant overview 900,000
Community Grants
$ 439,370
Good Neighbor Fund
$ 25,234
Citizen of the Year
$ 5,000
Donor Advised Funds
$ 376,890
Town of Mountain Village
$ 328,365
Donor Restricted Grants
$ 98,137
Total
$ 1,272,996
600,000
300,000
2010
2011
community grants
2012
2013
total grants
2013 MOUNTAIN VILLAGE
mountain village metro services 2013 grants
town of mountain village 2013 grants
MountainFilm
Telluride Council for the Arts
Telluride Soccer Club
The Horizon Program
To Continue and Expand Major
and Humanities
Support 2013 Chili Cook-off
General Operating Support and
Presence of MOUNTAINFILM
Support Beaux Arts Ball $2,245
in Mountain Village $2,500
Programs at the MV Boulder $2,500
in the Mountain Village $42,280
Telluride Dance Academy
Telluride Wine Festival
Midwest Colorado Mental Health
Pinhead Institute
and Movement Center
Enhance and Expand Presence
Support Towards Emergency
Funding to Host Smithsonian
General Operating Suppor $7,750
in Mountain Village $18,970
On-Call Service $2,000
Encyclopedia of Life Symposia $14,850
Telluride Film Festival
Wright Stuff
San Juan Field School
To Continue and Expand Major
Higher Education Programs
Avalanche Education and Sense
Presence of Telluride Film Festival
in MV; Child Care Support at
of Place Community Awareness $1,800
in the Mountain Village $72,945
Prime Time Youth Care; ESL and GED Courses $12,000
San Miguel Educational Fund
Telluride Historical Museum
General Operating Support $4,700
General Operating Support; Resources
Telluride Society for Jazz
for Museum Store; Mini-exhibit at
Presenting Sponsor for the
San Miguel Resource Center
San Sofia Nature Center $5,000
Festival $21,000
Support for the 2013 Chocolate
Telluride Medical Capital Fund Benefit
Lover’s Fling $4,770
To Raise Funds for Purchase of Computerized X-ray at TMC
Telluride AIDS Benefit
and a New Ambulance for MV
Operating and Marketing Support
Fire House $17,905
of Fashion Show $9,850
Telluride Ski & Snowboard Club Telluride Choral Society
Underwrite 14 Race Events
General Operating Support $4,800
2013 Season $60,000
2013 MOUNTAIN VILLAGE One to One
General Operating Support $5,000
Juvenile Diversion
General Operating Support $3,000
San Miguel Resource Center
General Operating Support $5,000
Telluride Adaptive Sports Program
Total $303,365
Support for Nordic and Cycling Clinics $7,500
Total $25,000
latino initiative
The Latino population in the Telluride region is an integral and growing part of our community and our workforce, yet these individuals and families have trouble accessing basic services and lack involvement in local activities. The Latino Initiative was established to celebrate the Latino culture and provide services and activities to integrate the Latino population into our community. A complimentary translation service and events including Papa Noel (a Hispanic Christmas Celebration), Hispanic Learn to Ski Day, and a Family Fiesta are just a few of the programs within the Latino Initiative. javier, lorena, carla, and erica ortez In Oaxaca Mexico, Javier Ortez spent his days distributing water bottles to businesses while his wife Lorena, a talented seamstress, worked in a textile company. Life was difficult in Mexico as wages were extremely low. Dreaming of a better life for their two young daughters, Carla and Erica, they decided to leave their home. Four years ago, they moved to Telluride to be close to Lorena’s sister. The Ortezes plan to stay in Telluride for the long term as it presents multiple opportunities for their children. “In Mexico, I didn’t have the opportunity to learn to ski. Hispanic Ski Day gave my daughters and I the chance to learn. Now I have an idea of what skiing is all about which is important because we live at a ski area,” said Lorena. Ursula Cristol, Spanish Outreach Coordinator for the Wilkinson Public Library, is a supporter of the Latino Initiative and has been instrumental in planning many of the events. “It’s really important for the Hispanic population to feel a part of the community, know that people respect and care about them, and want to share their traditions. That’s key to achieve a future blend of both communities. The Latino Initiative is the first step,” said Ursula.
Javier, Lorena, Erica and Carla Ortez, Telluride residents who have taken advantage of the programs within the Latino Initiative
fund overview
Because every donor has different needs and values, the Telluride Foundation works with each interested donor individually to create a giving opportunity that is right for that person, family, or company. Your gift to the Foundation can be made in many ways: 1.
Unrestricted gifts which goes toward all of our work in the region including our community grant making
2. Restricted Gifts 3. Initiatives 4. Planned Gifts
fund overview
unrestricted gifts
restricted gifts
By giving an unrestricted gift, donors can
To date, the Telluride Foundation has created
be assured their charitable gift will always
two types of restricted funds:
serve a vital purpose, even as the community changes and evolves. Unrestricted gifts
1.
Donor Advised Funds
support the Foundation’s annual community
2.
Designated Funds
grantmaking, non-profit capacity-building, initiatives, and community building activities.
For each of these funds, the Foundation
The generous individuals and families (listed
provides donors with regular, accurate
on page 12-14) have contributed to the
fund statements, access to the expertise of
Foundation’s multi-tiered donor program and
Foundation staff, professional management
enjoy a variety of exclusive benefits.
and investment of fund monies, and increased knowledge of the Telluride community’s needs.
This program consists of four levels: •
Friends of Telluride donors give $25,000 for four consecutive years.
•
Gold Hill donors give $10,000 (or up to $24,999) for four consecutive years.
•
Bridal Veil donors give $2,500 (or up to $9,999) for four consecutive years.
•
First Tracks donors give $1,500 (or up to $2,499) for four consecutive years.
donor advised funds
fund overview
Establishing a Donor Advised Fund with the
The Telluride Foundation currently manages
Telluride Foundation is like creating a private
the following Donor Advised Funds:
foundation. The donor has the power and flexibility to make recommendations for grants
The Benchmark Fund
to specific non-profit organizations from
The Monika Callard Fund
their fund, without the time, paperwork, and
Bill & Debbie Carstens Fund
administrative expense of running their own
The Grace & Paul Enbring Fund
foundation. A Donor Advised Fund allows the
Corey & Shirley Fortenberry Fund
donor to focus on charitable giving, while we
Andy Hanley Recreation Fund
handle the administrative work. Additionally,
The Knox Fund
with a Donor Advised Fund, the donor is able
The Eric Moe Fund
to take an immediate tax deduction for full
Mountain Village Metro Services
market value of appreciated assets and avoid
The Ned & Diane Powell Fund
capital gains tax. A Donor Advised Fund is
The Price Family Fund
an irrevocable gift to the Foundation while
Rico Center Fund
the donor retains the explicit ability to advise
Town of Mountain Village
the Foundation on distributions of grants for charitable purposes.
designated funds Donors can create a fund to benefit a specific non-profit organization. This fund can be established as an endowed fund (to remain in perpetuity), as an expendable fund (to be spent down over a specified number of years), or as a one-time pass-through. For a permanent endowed fund, 5% of the fund’s net asset value is granted to the organization each year.
initiative funds
fund overview
To date, the Foundation manages six
The Field of Interest Funds that the Telluride
field of interest funds, three of which
Foundation manages are as follows:
are Board Initiatives. •
Bright Futures Fund* supports early
These funds are established to raise
childcare programs for the working
money and pool investments to address
parents of the Telluride region (see
the needs of a specific charitable cause
page 23).
or geographic area. To establish a field of interest fund, donors contribute a minimum
•
Good Neighbor Fund* assists San Miguel
of $1,000 to the fund. Each fund is held in a
County residents who are experiencing
separate account and invested according to
financial hardship (see page 10).
Foundation guidelines. •
Land Conservation Fund supports open space preservation and watershed protection.
•
Latino Initiative* supports programs that celebrate and integrate the Latino population into the Telluride community (see page 28).
•
San Miguel Kids Endowment endows funds for kids and youth programs (ages 0-19).
•
Telluride Medical Capital Fund improves and expands the scope and sophistication of regional medical capabilities (see page 16).
The first Telluride Film Festival began in August 1974 with a tribute to silent film star, Gloria Swanson. In each of the 32 years since, the Festival has continued to celebrate the most gifted filmmakers, built its reputation as a savior for forgotten classics, and demonstrated an appreciation for great new works. An international educational event celebrating the art of film, it exists to provide a stimulating annual gathering, open to everyone, in which the lovers and creators of cinema come together to see and discuss the most interesting work of the past and the present. the nugget theatre and sundays at the palm The Nugget Theatre, one of the venues for the Telluride Film Festival, almost shut its doors seven years ago due to cost prohibitive rent Peggy Curran, Telluride Coordinator
and challenging movie theatre economics. However, the Telluride Film
of Development, Communications and
Festival viewed the Nugget as a community resource and could not
Strategic Affairs for the Telluride Film Festival
stand by idly to watch this Telluride institution close. The Film Festival entered into a partnership with the town of Telluride to underwrite the cost of keeping the Nugget Theatre open year-round. In 2013 the Telluride Foundation gave the Telluride Film Festival a grant to assist with this worthy endevor. As a part of their effort to make the Telluride Film Festival meaningful and alive in the community, they also utilized part of the grant money to start ‘Sundays at the Palm,’ a free, movie
telluride film festival
screening each month at the new Michael Palm Theatre. “We asked the Telluride Foundation to become a partner in the endeavor to keep the Nugget doors open. The Foundation recognized that the preservation of the Nugget was a broader affair beyond the Film Festival and stepped up to maintain the Nugget as a community resource,” said Peggy. “In addition, ‘Sunday at the Palm’ would not be possible without the financial support from the Foundation.”
gift ideas As you review your tax planning, especially at year-end, we hope you will consider making good use of the income tax charitable deduction. Here is an overview of the some of the best gift ideas, all of which can be used for an unrestricted gift or to start a fund at the Foundation.
cash
bequest
retirement plans
Gifts of cash to the Foundation can be made
One of the simplest ways to make a gift to
Donors can name the Foundation as a
by check or credit card (when itemized such
the Foundation is through a will. The donor
beneficiary of their Individual Retirement Plan
outright cash gifts are generally deductible
can designate a gift or portion of their estate
(IRA), Keogh plan, 401(k), 403(b),
up to 50% of adjusted gross income.)
to the Telluride Foundation and, in some
or other qualified pension plan. They may
If the donor’s total gifts should exceed
cases, receive a substantial reduction in
name the Foundation as beneficiary for part
this limitation, the excess may be carried
federal gift and estate taxes.
or all of what remains in their retirement
forward for tax purposes for up to five
(See page 38 for more information)
account. The proceeds of these plans are
additional years.
distributed outside of the probate and are
gifts of real estate
entirely free from federal estate tax.
gifts of stock
Real estate in the form of a residence,
Giving long-term appreciated stock offers a
vacation home, ranch, or land may have
gifts of life insurance
two-fold tax savings. First, the donor avoids
significantly appreciated in value through
If a donor owns a life insurance policy
paying any capital gains tax on the increase
the years so that its sale would mean a
that is no longer needed, they can name
in value of their stock.
sizeable capital gains tax. By making a gift of
the Foundation as both the owner and
property, the donor avoids the capital gains
beneficiary of that policy. If the policy has
In addition, the donor receives a tax
tax and receives a charitable deduction for
a cash value, they can take a charitable
deduction for the full fair market value of
the full fair market value of the property.
deduction approximately equal to the cash
the stock on the date of the gift. For income
value at the time of the gift. In addition, if
tax purposes the value of such gifts may
annual premiums are still to be made and
be deducted up to 30% of adjusted gross
they continue to pay them, those premiums
income, with an additional five-year carry
will become tax deductible each year.
forward. The Telluride Foundation reserves the right to review stock gifts.
gift ideas what is planned giving ?
Charitable giving affords you the unique ability to make your community what you envision it can be while preserving personal, family, or business wealth. There are great opportunities to make a difference through a variety of giving vehicles to match your own unique situation. Consult a qualified counsel for advice about your own situation.
bequest by will
life income gifts
Including a charitable bequest in your will is
A life income gift provides an annual income
a simple way to make a lasting gift to your
while providing an immediate charitable
community. When you make this gift through
income tax deduction. Life income gifts
the Telluride Foundation, we establish a
are irrevocable. There are two types of life
special fund that benefits our community
income gifts, a charitable gift annuity and a
forever and becomes your personal legacy
charitable remainder trust.
of giving. With a bequest, you control the distribution of assets through a will or trust.
charitable gift annuity
Your estate receives a charitable deduction
Giving through a Charitable Gift Annuity
for the full amount given. A bequest can be
allows you to arrange a generous gift to your
given by an amount, percentage of the estate,
community, while providing yourself a new
or contingent on a specific future event. Gifts
income source you can count on for the rest
through bequests or trusts ensure you that
of your life. In addition, part of the annuity
your charitable wishes will be fulfilled with no
payment is tax-free return on principle. Unlike
risk of running out of money or undergoing a
a bequest, you receive an immediate tax
change of lifestyle during your lifetime. And,
deduction for the charitable portion of the
in many cases, you can receive a substantial
gift. A charitable gift annuity begins with a
reduction in federal estate taxes.
donation of cash or another formof accepted gift. A contract is established that combines immediate annuity payments with a deferred charitable gift. The annuity payment is calculated based on various factors such as age and current return on the market. charitable remainder trust Giving through a Charitable Remainder Trust allows you to receive income for the rest of your life, knowing that whatever remains will benefit your community.
san miguel resource center
In 2013, the San Miguel Resource Center was awarded a $25,000 grant from the Telluride Foundation to cover general operating expenses. This vital organization was formed in 1993 when a group of women and men in Telluride realized that their beautiful valley had problems just like everywhere else. They formed the first board of what became the “Tomboy House.” The original mission was to provide crisis services for domestic violence victims. Very quickly they realized that the needs of local victims of domestic violence and sexual assault were much greater than even they had imagined. In 2001, Tomboy House became the San Miguel Resource Center. a place to turn for help The moment his hand delivered the first shocking slap she realized her life was changed forever. The man she loved and trusted for seven years was pushing her against a wall and shouting vile names, accusations, and ultimatums. Her life was no longer in her control. This night, in fear of being injured, she called 911. When the Sheriff’s officer arrived her husband was arrested and the officer encouraged her to call the San Miguel Resource Center. The San Miguel Resource Center? Why? This was just an argument. Sure, her husband got out of hand, but what husband didn’t? She did call, and what she learned from the staff at the Center opened new ways for her to find a safe haven, assess what was happening to her, and begin searching for solutions. She was a victim of domestic violence. She is not alone in San Miguel County. Thanks to the generous financial support of the Telluride Foundation thirty-nine trained Advocates staff the only twenty-four hour crisis line serving Telluride and the West End of Montrose counties. The survivors of domestic violence and sexual assault can receive emotional support, legal advocacy, victims rights information, referrals for counseling, immigration information referrals, emergency safe housing, and a myriad of support services needed to begin recovery. “Grantors located outside our community just look at numbers to determine our worth. The Telluride Foundation sees what we do, how
Pam Stewart-Maddox, Executive Director of the
we do it, and then supports us. Their funds are a validation of not just
San Miguel Resource Center
what we do but how we are striving to improve the community in a thousand different ways,” said Pam Stewart-Maddox,
assets
2013
2012
Cash and cash equivalents
$ 337,077
$ 578,240
Investments (Notes 3)
$ 2,397,264
$ 1,429,874
Accounts receivable, net of allowance
$ 250
$ 15,543
$ 2,044,127
$ 1,635,098
$ 33,717
$ 11,304
for doubtful accounts of $0 and $14,539,
statement of financial position
respectively Pledges and grants receivable, net of discount (Note 4) Other assets Note receivable (Note 5)
$ 10,000
Property and equipment, net (Note 6)
$ 31,407
$ 17,375
Total Assets
$ 4,843,842
$ 3,697,434
Accounts payable
$ 722,452
$ 517,910
Accrued liabilities
$ 29,231
$ 22,882
Deferred income
$ 4,860
$ 350
Charitable gift annuity (Note 7)
$ 129,980
_
Total Liabilities
$ 886,523
$ 541,142
liabilities and net assets
Commitments and contingencies (Note 8)
$ 1,883,416
net assets Unrestricted
$ 1,883,416
$ 1,032,235
Temporarily restricted (Note 9)
$ 2,073,903
$ 2,124,057
Net Assets
$ 3,957,319
$ 3,156,292
Total Liablilities And Net Asssets
$ 4,843,842
$ 3,697,434
our mission
The Telluride Foundation is committed to preserving and enriching the quality of life of the residents, visitors, and workforce of the Telluride region. The Foundation does this by providing leadership in philanthropy, strengthening community groups, serving as a responsible steward for entrusted funds, and supporting activities that celebrate our unique community. The values we hold are passion, leadership, excellence, fairness, teamwork, accountability and knowledge.
Paul Major CEO & President paul@telluridefoundation.org Annie Carlson Development Director annie@telluridefoundation.org Lorrie Mahoney Programs Manager lorrie@telluridefoundation.org to reach us by mail or find us Telluride Foundation 620 Mountain Village Blvd, #2B Telluride, CO 81435 to reach us by phone 970.728.8717 fax 970.728.9007 to reach us on the web www.telluridefoundation.org Designed by Malisa Kuch Feature photography by Ben Knight, knightphoto@gmail.com Landscape photography by Telluride Stock, www.telluridestock.com Paper donated by Monadnock Paper Mills www.mpm.com