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Nonprofiteer
← DENVER FOUNDATION

Form 990 for tax year 2024

Filed by DENVER FOUNDATION.

Totals

Total revenue
$208,259,786
Total expenses
$161,755,855
Contributions and grants received
$142,888,365
Grants paid
$143,235,358
Program service revenue
$981,890
Investment income
$64,032,761
Other revenue
$356,770
Total assets, end of year
$1,322,643,652
Total liabilities, end of year
$129,775,557
Net assets or fund balances, end of year
$1,192,868,095
Program services expenses (Part IX)
$148,544,566
Management and general expenses
$10,598,770
Fundraising expenses
$2,612,519
Program service expenses (Part III)
$148,544,566

Program services were 91.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $3,449,529

  • 1f · All other contributions, gifts and grants

    $139,438,836

  • 1g · Noncash contributions included above

    $55,758,332

  • 2a · Program service revenue: ADMIN FEE INCOME

    total $978,890 · related or exempt $978,890

  • 2b · Program service revenue: ONE TIME PROGRAM ACTIVITIES

    total $3,000 · related or exempt $3,000

  • 3 · Investment income

    total $27,505,800 · excluded $27,505,800

  • 5 · Royalties

    total $17,600 · excluded $17,600

  • 7a · Gross sales of assets other than inventory

    securities $292,439,705

  • 7b · Less cost or other basis and sales expenses

    securities $255,912,744

  • 7c · Gain or loss

    securities $36,526,961

  • 7d · Net gain or loss

    total $36,526,961 · excluded $36,526,961

  • 11a · Other revenue: OTHER INCOME

    total $339,168 · related or exempt $9,666 · excluded $329,502

  • 11b · Other revenue: PARTNERSHIP INCOME

    total $2 · unrelated business $2,073,725 · excluded -$2,073,723

  • 11e · Other revenue, total

    $339,170

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $133,890,846 · program services $133,890,846

  • 2 · Grants to domestic individuals

    total $9,244,512 · program services $9,244,512

  • 3 · Grants to foreign organizations and individuals

    total $100,000 · program services $100,000

  • 5 · Compensation of officers, directors and key employees

    total $1,215,148 · program services $548,662 · management and general $442,479 · fundraising $224,007

  • 7 · Other salaries and wages

    total $4,474,884 · program services $2,192,693 · management and general $939,726 · fundraising $1,342,465

  • 8 · Pension plan contributions

    total $220,881 · program services $108,232 · management and general $46,385 · fundraising $66,264

  • 9 · Other employee benefits

    total $588,673 · program services $288,450 · management and general $123,621 · fundraising $176,602

  • 10 · Payroll taxes

    total $401,713 · program services $196,839 · management and general $84,360 · fundraising $120,514

  • 11b · Fees: legal

    total $268,164 · program services $171,625 · management and general $64,359 · fundraising $32,180

  • 11c · Fees: accounting

    total $111,977 · management and general $111,977

  • 11d · Fees: lobbying

    total $148,433 · management and general $148,433

  • 11f · Fees: investment management

    total $7,697,911 · management and general $7,697,911

  • 11g · Fees: other

    total $1,572,515 · program services $1,022,135 · management and general $314,503 · fundraising $235,877

  • 12 · Advertising and promotion

    total $23,728 · program services $13,288 · management and general $4,271 · fundraising $6,169

  • 13 · Office expenses

    total $159,160 · program services $77,987 · management and general $33,424 · fundraising $47,749

  • 14 · Information technology

    total $372,090 · program services $182,324 · management and general $78,139 · fundraising $111,627

  • 16 · Occupancy

    total $335,167 · program services $164,232 · management and general $70,385 · fundraising $100,550

  • 17 · Travel

    total $203,131 · program services $127,186 · management and general $43,444 · fundraising $32,501

  • 20 · Interest

    total $104,289 · management and general $104,289

  • 22 · Depreciation, depletion and amortization

    total $228,282 · program services $111,858 · management and general $47,939 · fundraising $68,485

  • 23 · Insurance

    total $102,900 · management and general $102,900

  • 24a · Other expenses: DUES AND PUBLICATIONS

    total $115,447 · program services $56,569 · management and general $24,244 · fundraising $34,634

  • 24b · Other expenses: BAD DEBT

    total $106,955 · program services $0 · management and general $106,955 · fundraising $0

  • 24c · Other expenses: PROFESSIONAL DEVELOPMEN

    total $29,228 · program services $14,322 · management and general $6,138 · fundraising $8,768

  • 24d · Other expenses: DISCOUNT ON NOTE RECEIV

    total $26,066 · program services $26,066

  • 24e · All other expenses

    total $13,755 · program services $6,740 · management and general $2,888 · fundraising $4,127

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $161,030 · end of year $306,303

  • 2 · Savings and temporary cash investments

    beginning of year $31,549,170 · end of year $27,847,180

  • 4 · Accounts receivable

    beginning of year $739,356 · end of year $104,868

  • 7 · Other notes and loans receivable

    end of year $260,700

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,350 · end of year $48,025

  • 10a · Land, buildings and equipment: cost or other basis

    $9,762,283

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,038,218

  • 10c · Land, buildings and equipment, net

    beginning of year $8,383,394 · end of year $8,724,065

  • 11 · Investments: publicly traded securities

    beginning of year $449,940,049 · end of year $552,247,730

  • 12 · Investments: other securities

    beginning of year $597,195,587 · end of year $590,037,605

  • 13 · Investments: program-related

    beginning of year $19,772,304 · end of year $19,536,371

  • 15 · Other assets

    beginning of year $110,995,197 · end of year $123,530,805

  • 17 · Accounts payable and accrued expenses

    beginning of year $642,179 · end of year $777,714

  • 18 · Grants payable

    beginning of year $20,225,546 · end of year $14,626,919

  • 23 · Secured mortgages and notes payable

    beginning of year $1,972,319 · end of year $1,620,113

  • 25 · Other liabilities

    beginning of year $101,335,943 · end of year $112,750,811

  • 27 · Net assets without donor restrictions

    beginning of year $1,084,783,121 · end of year $1,181,952,842

  • 28 · Net assets with donor restrictions

    beginning of year $9,784,329 · end of year $10,915,253

Mission and programs · 2024

Mission

TO INSPIRE PEOPLE AND MOBILIZE RESOURCES TO STRENGTHEN OUR COMMUNITY.

  • DONOR-ADVISED FUND GRANTS: THE DENVER FOUNDATION GAVE 3,635 GRANTS FROM DONOR-ADVISED FUNDS IN 2024. DONOR-INFLUENCED GRANTS REPRESENT APPROXIMATELY 82% OF THE GRANTS MADE BY THE DENVER FOUNDATION. THESE GRANTS SUPPORTED CHARITABLE ENDEAVORS IN NEARLY EVERY TYPE AND SIZE OF 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, OR FOREIGN EQUIVALENT.

    Expenses $98,657,641 · Grants $98,524,137

  • COMMUNITY GRANTS PROGRAM: THE DENVER FOUNDATION'S DONOR-BUILT PERMANENT ENDOWMENT FUELS THE COMMUNITY GRANTS PROGRAM, WHICH SUPPORTS CONSTITUENT-LED ORGANIZATIONS THAT WORK TO REDUCE DISPARITIES IN THEIR COMMUNITIES. THE COMMUNITY GRANTS PROGRAM HELPS NONPROFIT ORGANIZATIONS CREATE POSITIVE CHANGE. THROUGH THIS GRANTMAKING, THE FOUNDATION SUPPORTS NONPROFITS THAT SERVE THE SEVEN-COUNTY METRO DENVER AREA; ADVANCING THE FOUNDATION'S CORE VALUES; AND ALIGNING WITH THE FOUNDATION'S PRIORITY FUNDING AREAS OF CLIMATE AND ENVIRONMENT, ECONOMIC OPPORTUNITY, YOUTH WELL-BEING, AND HOUSING. 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.

    Expenses $11,411,453 · Grants $11,297,282

  • THE DENVER FOUNDATION OPERATES 84 DIFFERENT SCHOLARSHIP PROGRAMS. IN 2024 THESE PROGRAMS SUPPORTED 1,131 STUDENTS IN 119 SCHOOLS.

    Expenses $12,480,562 · Grants $12,390,995

  • ADMINISTRATION AND DISBURSEMENT OF FUNDS FOR CHARITABLE USE: THE DENVER FOUNDATION ADMINISTERS ENDOWMENTS FOR NUMEROUS NONPROFIT ORGANIZATIONS.

    Expenses $25,994,910 · Grants $21,022,944 · Revenue $991,556

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • ALISHA BROWN

    TRUSTEE

    Total calculated
    $197,183
    From this org
    $0
    From related orgs
    $179,500
    Other
    $17,683
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $143,500 related
    Bonus
    $0 + $36,000 related
    Other
    $0
    Deferred
    $0 + $7,175 related
    Nontaxable benefits
    $0 + $10,508 related
    Filer's total
    $0 + $197,183 related

  • LISA ZUNIGA RAMIREZ

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • PETER J KIRSCH

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • MIRA J FINE

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • SEAN C KENNEY

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • JOHN LOEWY

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    2

  • MICHELLE ADAMS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAMON O BARRY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARGARET DEANE FRANKO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOSEPH GARCIA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KELLY JEAN BROUGH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JENNIFER M KILPELA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ERIKA REYES MARTINEZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARK NEWHOUSE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LEE E REICHERT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JULIE REISKIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KAREN M ROBINSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SIMONE D ROSS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BRENNA SIMMONS-ST ONGE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JAVIER A SOTO

    PRESIDENT

    Total calculated
    $534,496
    From this org
    $490,058
    From related orgs
    $0
    Other
    $44,438
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $490,058
    Bonus
    $0
    Other
    $0
    Deferred
    $24,150
    Nontaxable benefits
    $20,288
    Filer's total
    $534,496

  • MARGARET DANUSER

    CHIEF FINANCIAL OFFICER

    Total calculated
    $251,684
    From this org
    $229,586
    From related orgs
    $0
    Other
    $22,098
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $229,586
    Bonus
    $0
    Other
    $0
    Deferred
    $5,192
    Nontaxable benefits
    $16,906
    Filer's total
    $251,684

  • COURTNEY CLAPP

    INTERIM CFO (THRU 2/5/24), TREASURY MANAGER

    Total calculated
    $147,214
    From this org
    $125,085
    From related orgs
    $0
    Other
    $22,129
    Hours/week
    20

  • DACE WEST-SCHLUE

    CHIEF IMPACT OFFICER

    Total calculated
    $281,754
    From this org
    $245,930
    From related orgs
    $0
    Other
    $35,824
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $245,930
    Bonus
    $0
    Other
    $0
    Deferred
    $17,517
    Nontaxable benefits
    $18,307
    Filer's total
    $281,754

  • LADAWN SULLIVAN

    EXEC. DIR. OF BLACK RESILIENCE OF CO

    Total calculated
    $181,424
    From this org
    $153,259
    From related orgs
    $0
    Other
    $28,165
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $153,259
    Bonus
    $0
    Other
    $0
    Deferred
    $11,148
    Nontaxable benefits
    $17,017
    Filer's total
    $181,424

  • BRIAN VAN VLEET

    SEN. DIR., INFORMATION TECHNOLOGY

    Total calculated
    $171,691
    From this org
    $131,923
    From related orgs
    $0
    Other
    $39,768
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $131,923
    Bonus
    $0
    Other
    $0
    Deferred
    $9,944
    Nontaxable benefits
    $29,824
    Filer's total
    $171,691

  • BENJAMIN PERRY

    SEN. DIR., PHILANTHROPIC INVESTMENT

    Total calculated
    $170,793
    From this org
    $130,675
    From related orgs
    $0
    Other
    $40,118
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $130,675
    Bonus
    $0
    Other
    $0
    Deferred
    $10,221
    Nontaxable benefits
    $29,897
    Filer's total
    $170,793

  • SHARON HARPER

    SENIOR DIRECTOR OF SCHOLARSHIPS

    Total calculated
    $161,607
    From this org
    $139,577
    From related orgs
    $0
    Other
    $22,030
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $139,577
    Bonus
    $0
    Other
    $0
    Deferred
    $9,992
    Nontaxable benefits
    $12,038
    Filer's total
    $161,607

  • ABIGAIL KESNER

    VP OF COMMUNICATION

    Total calculated
    $159,438
    From this org
    $151,421
    From related orgs
    $0
    Other
    $8,017
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $151,421
    Bonus
    $0
    Other
    $0
    Deferred
    $7,571
    Nontaxable benefits
    $446
    Filer's total
    $159,438

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • PLAZA LLC

    REAL ESTATE · CO · income $894 · assets $0

    Directly controlled by THE DENVER FOUNDATION

  • CASA GRANDE 1009 LLC

    REAL ESTATE · CO · income $835,643 · assets $11,579,434

    Directly controlled by THE DENVER FOUNDATION

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE REMAINDER TRUSTS (4)

    T · CRT · CO

    Directly controlled by THE DENVER FOUNDATION

Provenance

Return type
form_990
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.2
Source object
202513159349303936

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