annual report 2006 final
DESCRIPTION
ÂTRANSCRIPT
make moreAnnual Report 2006
706862_TEL012_AR2006_R9_km.indd Sec1:1 6/28/07 11:12:40 AM
2
inside you will fi nd
Letter from the Co-Chairmen ..................................... 4
Nurturing .............................................................................. 6
Empowerment ................................................................... 8
Inspiration ............................................................................ 10
Confi dence .......................................................................... 12
Integration ........................................................................... 14
Beauty ................................................................................... 16
Board of Directors ........................................................... 18
Donors ................................................................................... 20
How We Strengthen the Community ..................... 24
Most Recently We Have ................................................ 26
Community Grants .......................................................... 28
Funds .................................................................................... 32
Gift Ideas .............................................................................. 42
Investments ......................................................................... 48
Statement of Financial Position ................................ 50
Expense Trend and Service Area .............................. 52
Mission Statement ........................................................... 53
706862_TEL012_AR2006_R9_km.indd Sec1:2 6/28/07 11:12:58 AM
3
Established to serve the interests of Telluride and the
surrounding community, the Telluride Foundation:
• Delivers the leadership and fundraising resources
necessary to deliver valued “quality of life” services
• Addresses unmet and emerging community needs
• Manages programs that strengthen local nonprofi ts
• Implements grant programs to improve the
community at-large
706862_TEL012_AR2006_R9_km.indd Sec1:3 6/28/07 11:12:58 AM
4
The $2.15 million granted to the community in
2006 is truly making a difference. Over $660,000
in Community Grants were distributed by the Board
through our annual competitive grants program;
the Telluride and Norwood school districts received
a $150,000 Special Initiative Grant for a drug and
alcohol counselor/curriculum advisor; $300,000
was directed towards the Local Health Care
Initiative; and fi nally the Foundation stewarded
over $1,000,000 in donor-directed grants.
We are maximizing every contribution from our
generous donors with continuous improvements
in operational effi ciency. Our supporting service
costs continue to be reduced so that over 90 cents
on every dollar that we spend goes back to the
community towards grants, initiatives,
dear telluride,It has been an exciting year at the Telluride Foundation, marked by many successes
such as granting over $2.15 million to local community groups, the launch of
our Special Initiatives Program, development of a local healthcare initiative and
establishment of an immigrant integration community planning process. The Telluride
Foundation recently received offi cial recognition for exceeding all of the National
Standards for U.S. Community Foundations, an endorsement that carries the highest
recognition for nonprofi t accountability, transparency and fi nancial responsibility.
706862_TEL012_AR2006_R9_km.indd Sec1:4 6/28/07 11:12:58 AM
5
capacity building and education. We are
leveraging your contributions, receiving a
15 times return in direct charitable impact
for every dollar spent fundraising.
Despite our recent successes, many
challenges lie ahead. Lack of affordable
housing, a burgeoning immigrant population,
a new medical facility and school are just a few
of the challenges we must meet in the near
future. We are confi dent that with your
continued support and guidance, the Telluride
Foundation can play an active leadership role
in shaping and supporting Telluride’s future.
A bright future with unlimited possibilities and
opportunities lies ahead. Make more possible.
Mark DaltonCo-Chairman
General H. Norman Schwarzkopf Co-Chairman
with warmest regards,
706862_TEL012_AR2006_R9_km.indd Sec1:5 6/28/07 11:12:58 AM
706862_TEL012_AR2006_R9_km.indd Sec1:6 6/28/07 11:13:00 AM
7
make more
Kevin Mesa loves to talk and
read — a drastic change from
the shy boy he was a year ago.
The progress Kevin has made
brings a smile to both his parents,
Morelia and Oscar, and also to
Deb Read, a parent educator
in the Bright Futures Program.
During her bimonthly home visits,
Deb works with ten families to
teach parents strategies that will
help their children. “I give parents
ideas of how to incorporate
developmentally appropriate
activities and learning on an
everyday basis,” she says. Deb
also helps with other issues that
arise. For example, she assisted
the Mesas in fi nding a dental
specialist for Kevin.
Some parents in the region, by
no fault of their own, lack the
proper tools to prepare their
children. As a result, children
risk entering kindergarten
lacking pre-literacy capabilities,
social skills and other crucial
developmental experiences. The
Bright Futures’ School Readiness
Initiative addresses these issues.
Established to assist working parents in the Telluride community, Bright Futures
improves the quality of children’s lifetime opportunities through affordable and
effective early-childhood care and education programs.
Deb Read with Kevin Mesa
706862_TEL012_AR2006_R9_km.indd Sec1:7 6/28/07 11:13:05 AM
8
make more
If the fountain of youth were
ever discovered, Dock Pulliam
wouldn’t need to drink from it.
At 93 years young, Dock is more
active than people half her age.
When she is not making quilts
and beautifully embroidered
items for her small business,
she volunteers her time for
the Montrose Senior
Transportation Network.
After living in Nucla for 52
years, Dock knows everyone
in town and 16 years ago she
decided to take the driver’s seat
of one of the Montrose Senior
Transportation vans. “I’ve worked
so hard because this is a vital
service and I want the vans to
run. There are people that rely
on them,” says Dock.
The transportation service is free
and enables seniors and persons
with disabilities to become
active once more. With their
regained mobility, they can once
again make it to every doctor
appointment, pharmacy run
or shopping trip they used to.
The Montrose County Senior Citizens Transportation was established 16 years ago, and
since then its vans have assisted seniors and disabled persons in Montrose County travel
to appointments, pharmacies, banks and other necessary errands.
Dock Pulliam
706862_TEL012_AR2006_R9_km.indd Sec1:8 6/28/07 11:13:06 AM
706862_TEL012_AR2006_R9_km.indd Sec1:9 6/28/07 11:13:07 AM
706862_TEL012_AR2006_R9_km.indd Sec1:10 6/28/07 11:13:09 AM
11When middle and high school
students in Norwood and
Telluride returned to school in
the fall, they noticed a new face
in the crowd: Sara Taylor, their
new drug and alcohol counselor.
A professional working with
adolescents with substance
abuse issues, Sara immediately
began to build an intervention
and prevention program from
the ground up.
Sara has developed a prevention
curriculum that incorporates
information about peer pressure,
refusal skills and ways to
deal with stress. “Clarifying
misperceptions decreases the
likelihood of children engaging in
substance abuse,” says Sara,
who relies on older students
to speak to their younger peers.
Sara counsels an average of
ten kids who have been referred
by parents, teachers or have
simply come to her on their own.
With Sara’s help Telluride and
Norwood’s schools are looking
at a brighter, drug-free future.
Established in 2006, Special Initiative Grants enable the Board of Directors to
proactively direct funds towards projects that will have a meaningful impact on the
Telluride community. With the fi rst-ever Special Initiative Grant, schools in the Telluride
and Norwood districts hired a drug and alcohol counselor.
make more
Sara Taylor
706862_TEL012_AR2006_R9_km.indd Sec1:11 6/28/07 11:13:16 AM
12
Scarlet Holvenstot
Three afternoons a week during
soccer season, Scarlet’s mom,
Linton, knows where to fi nd her
daughter — at the town park
enjoying soccer practice. Scarlet
has been playing for fi ve years
and is a perfect example of why
the Telluride Soccer Club is so
important to local youth.
“We need to keep kids busy,” says
Justin Chandler, Director of the
Telluride Soccer Club. “Sports
offer kids a positive alternative.
If a kid plays a sport, they are less
prone to use drugs and alcohol,
not to mention playing sports
boosts self-esteem and
self-confi dence.”
The Telluride Soccer Club works
with parks and recreations to
teach fundamental soccer skills.
The club has two goals — to
help players master the skills of
the sport they love, and more
importantly, to teach life lessons.
Providing an affordable, developmental soccer program for middle school kids and
opportunities for high school players to compete in seasons not sponsored by the
school, the Telluride Soccer Club utilizes soccer as a tool to teach positive behaviors
like sportsmanship, responsibility and teamwork.
make more
706862_TEL012_AR2006_R9_km.indd Sec1:12 6/28/07 11:13:17 AM
706862_TEL012_AR2006_R9_km.indd Sec1:13 6/28/07 11:13:20 AM
706862_TEL012_AR2006_R9_km.indd Sec1:14 6/28/07 11:13:26 AM
15
make more
The Latino Initiative was
established to provide services
to help integrate the Latino
population into our community
and to celebrate Latino culture.
Benito Cardenas, born and
raised in the United States,
knows fi rst hand the issues
facing Latino immigrants. His
understanding of place and
cultural differences makes him
the ideal person to spearhead
the launch of One Telluride, an
extension of the Latino Initiative.
The goal is to broaden the
conversation about and scope of
immigrant participation within
our community. “People are
actually talking about issues that
immigrants face and that is a
step in the right direction” said
Benito. The Telluride Foundation
received an initial grant of
$10,000 to develop a plan. Once
established, One Telluride will be
eligible to receive grants of up to
$75,000 per year for four years
to implement its plan addressing
housing, health care, education,
law enforcement, culture and
community, and employment.
Offering a place and programs, the Latino Initiative provides a welcoming lifeline
that translates easily into “You too are part of this community”.
Benito Cardenas
706862_TEL012_AR2006_R9_km.indd Sec1:15 6/28/07 11:13:33 AM
16
make more
Below red sandstone cliffs in the
heart of the Dolores River Valley,
the 300-acre Redburn Flying R
Ranch creates a stunning view
for travelers along the San Juan
Skyway. This ranch is not only
beautiful, but it also showcases
agricultural heritage, provides
vital wildlife habitat and is
an integral part of a working
livestock operation. Thanks to
Pat Redburn and the Montezuma
Land Conservancy, that will never
change. “I love looking down the
valley and seeing nothing but the
valley. I love coming home around
the curve in the road knowing it’s
always going to look like this,”
Pat proudly admits.
The Montezuma Land
Conservancy partners with
landowners to protect the
historic lands from development
with an agricultural conservation
easement (a voluntary agreement
between landowners and land
trusts that conserves open space
and wildlife habitat by limiting
development). Without these
efforts, the pristine open spaces
our generation enjoys today
would disappear.
Since 1999, The Montezuma Land Conservancy has partnered with 35 private landowners
to conserve more than 8,800 acres of important agricultural lands and wildlife habitats.
Thanks to their efforts, the scenic spaces of Dolores and Rico boast an untouched landscape.
Pat Redburn
706862_TEL012_AR2006_R9_km.indd Sec1:16 6/28/07 11:13:34 AM
706862_TEL012_AR2006_R9_km.indd Sec1:17 6/28/07 11:13:38 AM
18
General H. Norman Schwarzkopf
Retired US Army General,
Co-Chairman
Mark Dalton
President, Tudor
Investment Corporation,
Co-Chairman
Ron Allred
Former owner,
Telluride Ski Resort
Mike Armstrong
Former Chairman & CEO, AT&T
Ed Barlow
Senior Partner,
Whitcom Partners
Richard Betts
Owner, ASAP Accounting
& Payroll Services
Harmon Brown
Former Restaurateur
Joanne Corzine
Developer, West Meadows
Kim Day
Private Investor
Davis Fansler
Mayor,
Town of Mountain Village
Elaine Fischer
Member, San Miguel County
Commissioners
Bunny Freidus
San Miguel
Resource Center
Tully Friedman
Chairman & CEO,
Friedman, Fleischer & Lowe
Ken Gart
Chairman, Specialty Sports
Venture, LLC
Bill Gershen
Owner, Vanguard Industries
Allan Gerstle
Director, San Miguel,
County Social Services
Ron Gilmer
Chair, Telluride Commission
for the Arts & Special Events
Kevin Holbrook
Real Estate Broker,
Telluride Realty
Board of Directors
The Telluride Foundation is honored to count these
individuals among its Board of Directors:
706862_TEL012_AR2006_R9_km.indd Sec1:18 6/28/07 11:13:42 AM
19
Richard Holbrooke
Former U.S. Ambassador
to the U.N.
Chuck Horning
Owner, Telluride Ski Resort
Paul Major
CEO, Telluride Foundation
(ex-offi cio)
Tricia Maxon
President, Community Bank
Melanie Montoya
Advocate Manager,
San Miguel Resource Center
Joe Hideo Morita
Partner, Telluride Ski
& Golf Resort
Brian O’Neill
Real Estate Broker,
Telluride Properties
George Parker
Attorney, Bracewell & Giuliani
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
Bob Trenary
Private Investor
Stephen Wald
Private Investor
James Wear
Founder, Wear, Travers,
Krueger & Perkins, P.C.
706862_TEL012_AR2006_R9_km.indd Sec1:19 6/28/07 11:13:42 AM
20
Donors
These individuals and companies help to make more possible.Donors as of 12/31/06
Friends of Telluride
Ron & Joyce Allred
Alpine Bank
C. Michael & Anne
Armstrong
Bank of Telluride
Ed & Frances Barlow
Barney & Carol Barnett
Sharen & Marc Berman,
The Skylark Foundation
Darren & Julie Blanton
Kevin & Mary Grace Burke
John & Alice Butler
Paul & Joann Claeyssens
Charles & Nancy Conner
Brian & Karen Conway
Cornerstone
Joanne Corzine
Mark & Susan Dalton
Kim & Kim Day
Bill & Becky Deupree
Dick Ebersol &
Susan Saint James
Bruce & Bridgitt Evans
Davis & Bobsey Fansler
Tully & Elise Friedman
Bill & Debra Gershen
Robert & Nancy Hayden
Herrick Family Foundation
Tom & Janine Hill
Joe & Lynne Horning
M. Charles Horning
James M. Johnson Fund
Michael and Rebecca
Jusbasche
Paula Malone
706862_TEL012_AR2006_R9_km.indd Sec1:20 6/28/07 11:13:42 AM
21
Fletcher & Elizabeth McCusker
Joe Hideo & Hiroko Morita
Daniel & Brooke Neidich
Barbara Parish & Gary Roberts
George & Julie Parker
The Peaks
Lee & Artie Richards
Bob & Winnie Roloson
Stuart & Valerie Ross
Henry & Susan Samueli
Richard & Barbara Schell
H. Norman & Brenda
Schwarzkopf
Tom Schwartz
Nelson & Sharon Sharp
Edward & Darenda Sheridan
Marty & Marlene Silver
Pamela Smith
Patricia Sullivan
Telluride Sports
Daniel & Sheryl Tishman
Bob & Jane Trenary
Bill Urbach & Janet
Effl and-Urbach
Stephen & Sheila Wald
The Robert T. Wall Family
Jim Wear
Jim & Sheila Wells
706862_TEL012_AR2006_R9_km.indd Sec1:21 6/28/07 11:13:43 AM
22
Gold Hill
Paul & Tina Allaire
Erin Amini & Walter Wright
Paolo & Carmela Canclini
Bob & Jenny Delves
Bill Fandel
Peter & Carol Sellon
Lary & Sally Simpson
Norma Upshur & Jeff Farmer
Laura & Bruce Van Wagner
Harlan & Carol Waksal
Bill & Gail White
Bridal Veil
Peter & Francine Cogen
Lou & Bonnie Cohen
Roy & Diana Conovitz
Bob Demsey & Suzanne Dahl
Fairmont Heritage Place
Franz Klammer Lodge
Stephen Farish
Charles & Barbara Ferguson
Bunny Freidus & John Steel
Bob Glah
Bob & Ana Greene
Hank & Carol Hintermeister
Thomas & Lisa Hoeller
Richard Holbrooke & Kati Marton
Don Hootstein & Belinda Walters
John & Lulu Hunt
Jim Jenkins
Lawrence & Meg Kasdan
Bill & Lucy Kingsford
Casey & Megan McManemin
Bill & Cheryl Nordstrom
Brian & Hilaree O’Neill
Don & Nancy Orr
John & Terri Prunskis
Lawrence & Joy Ramaekers
Dick & Linda Rodgers
Mark Rosenthal &
Shoshannah Pollack
Michael Salloway
John & Laura Shields
Jim & Judy Singleton
Lynne Tryon Smalley
Dawn Taylor
John Temple &
Judith Gittinger
David & Julie Vaughn
Tom & Eppi Waldin
Wolf Family - Ridgway
Jack & Janet Wolinetz
Donors (continued)
706862_TEL012_AR2006_R9_km.indd Sec1:22 6/28/07 11:13:43 AM
23
First Tracks
John & Beverly Baker
Richard Betts
Charles & Virginia Bowden
Lars & Annie Carlson
Alberto & Irene Casaretto
Rosie Cusack
Dr. Andrew & Ziva Dahl
Neal & Karla Elinoff
Erik & Josephine Fallenius
John & Ellen Grimes
Matthew Hintermeister
Kevin & Kristin Holbrook
Richard & Julie Houck
Peter Jamar
Betsy Lindsay
Paul Major
Maureen Pechacek
& Maynard Howe
John Perpar
Ock & Joanie Peterson
John & Ellen Pillsbury
Genevieve Plamondon
Michael & Marilyn Ratner
Sam & Francesca Rehnborg
Frank & Bee Reichel
Chad Scothorn
John & Carolyn Snow
Harley & Sheryl Tropin
Robin Dinwoodie Wolf
Patrons
Carol & Neal Armstrong
Mike & Ashley Bradley
Stuart & Joanna Brown
Charles & Sue Cobb
Tracey Esherick
Stephanie Fanos
Kathleen Fisher
Mikey Herring & Jim Phelps
John & Sandra Horvitz
Ken & Pat Krueger
Las Montanas
Vincent & Anne Mai
Art & Paige Nagle
The Mountain Lodge at Telluride
Andrew & Debra Rachleff
Jonathan & Rebecca Radford
Mary & Bob Rubadeau
Ron & Fran Schwarz
Steve Stagner & Lisa Anderson
Jonathan & Tiffany Sweet
Richard & Anna Teerlink
Peter Welles
Joseph Wood
Aleta & Paul Zoidis
706862_TEL012_AR2006_R9_km.indd Sec1:23 6/28/07 11:13:43 AM
24
� Strengthened local nonprofi ts’ skills by providing seminars and workshops in grant writing, accounting, scholarships and board development.
� Developed new sources of funding for the region resulting in grants of over $500,000 to the Telluride Foundation from private grant making foundations.
� Funded a new CT scan, computerized radiology, conversion from paper to digital medical records and a replacement x-ray for the Telluride Medical Center.
� Developed the Bright Futures Early Childhood Development Initiative to assist parents and their children (ages 0-5 years) who are at risk of entering school lacking age-appropriate development skills.
� Received a fi ve year $350,000 Equality in Health Care Grant to increase health care competency and capacity for the Hispanic/Latino communities in San Miguel and West Montrose counties.
How We Strengthen The Community
The Telluride Foundation has made a real impact and addresses real need.
706862_TEL012_AR2006_R9_km.indd Sec1:24 6/28/07 11:13:43 AM
The Foundation has granted
over $7.3 million in 6 years.
706862_TEL012_AR2006_R9_km.indd Sec1:25 6/28/07 11:13:44 AM
In 2006 the Foundation
granted over $2.15 million locally.
706862_TEL012_AR2006_R9_km.indd Sec1:26 6/28/07 11:13:47 AM
27
Most Recently We Have...
� Received a $300,000 three-year grant from the Colorado Health Foundation
to establish the Local Health Care Initiative, which identifi es and develops
programmatic solutions to urgent and practical healthcare needs to improve
the health of the residents of San Miguel, Ouray and western Montrose counties.
� Received an initial $10,000 grant from Colorado Trust to implement an
immigrant integration program called “Telluride One”. Following the planning
process, Telluride will be eligible to receive grants of up to $75,000 per year
for four years to implement its community plan.
� Launched a special initiatives grant program, which enables the Board to direct
grant monies in a proactive fashion for projects that will have a signifi cant and
meaningful impact on the Telluride community.
� Through a generous, anonymous gift, established the Latino Health Care fund,
which provides fi nancial assistance for preventative dental and medical services
to low-income and indigent Latino adults and children in the Telluride area.
706862_TEL012_AR2006_R9_km.indd Sec1:27 6/28/07 11:13:49 AM
28
Community Grants
Community grants are funded by our generous
donors and awarded by our Board of Directors
through a competitive grant process.
In just six years, the Foundation has distributed over $7.3 million in grants
to over 80 nonprofi t organizations in the community. Through the generous
support of our donors, we’ve made a real impact on childcare, education,
health services, the environment and the arts.
706862_TEL012_AR2006_R9_km.indd Sec1:28 6/28/07 11:13:50 AM
�� �� �� �� ��� ���
�����
����
�����
����
����
����
29
Breakdown & Type Of Organizations
Awarded 2006 Grants
Human Services
27%
Arts & Culture
25%
Athletics & Sports
7%
Early Childhood
12%
Education
18%
Environment
& Animal
Protection
11%
Grant History
Over $7.3 million
in grants distributed
in six years.
(Represents community
grants and donor
restricted grants.)
Dollar Amounts are in Millions
706862_TEL012_AR2006_R9_km.indd Sec1:29 6/28/07 11:13:50 AM
30
Education
Colorado Avalanche Information Center . . . . . . . . . . . . . . . . . . . . . . . . . $ 3,000
Girl Scouts of Chipeta Council . . . 1,500
Horizon Program . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,500
Mushroom Festivalc/o Totem Institute . . . . . . . . . . . . . . . . . . . . . . . . . 3,000
Paradox Valley School . . . . . . . . . . . . . . . . . . . 6,000
Pinhead Institute . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,200
Ridgeway Schools . . . . . . . . . . . . . . . . . . . . . . . . . . 2,000
San Juan Field School . . . . . . . . . . . . . . . . . . . 6,000
San Miguel Educational Fund . . . . . 7,500
Telluride Academy . . . . . . . . . . . . . . . . . . . . . . . . . . 18,000
Telluride Community Television . . 7,500
Telluride Education Foundation . 22,000
Telluride Historical Museum . . . . . . . . . 11,000
University Centers of San Miguel c/o High West Council . . . . . . . . . . . . . . . . . . 6,000
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 119,200
Athletics & Sports
Telluride Adaptive Sports Program . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 12,000
Telluride Lizard Heads Hockey Club . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,000
Telluride Nordic Association . . . . . . . . 5,000
Telluride Ski & Snowboard Club . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16,000
Telluride Youth Lacrosse Association, Inc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,000
Telluride Youth Soccer . . . . . . . . . . . . . . . . . . . 6,000
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 46,000
Early Childhood
Great Start Family Visitor Program . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,500
Mountain Sprouts Preschool . . . . . . . . 5,000
Rainbow Preschool & Day Care Center . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24,000
Telluride Early Childhood Center . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,000
Telluride Montessori School. . . . . . . . . . 4,500
Wright Stuff Community Foundation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30,000
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 81,000
Community Grants
Arts & Culture
Ah Haa School for the Arts . . . . . . . . . $ 18,000
Michael D. Palm Theater for PA (TSD) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,000
MountainFilm in Telluride . . . . . . . . . . . . . 18,000
OutLoud Lecture Series . . . . . . . . . . . . . . . 4,000
Sheridan Arts Foundation. . . . . . . . . . . . 20,000
Telluride Chamber Music Association . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,000
Telluride Choral Society . . . . . . . . . . . . . . . . 10,000
Telluride Council for the Arts and Humanities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17,500
Telluride Dance Academy . . . . . . . . . . . . 7,500
Telluride Film Festival . . . . . . . . . . . . . . . . . . . . 17,000
Telluride Music Fest . . . . . . . . . . . . . . . . . . . . . . . . 4,000
Telluride Repertory Theatre Company . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,000
Telluride Society for Jazz . . . . . . . . . . . . . 11,000
Telluride Writers Guild . . . . . . . . . . . . . . . . . . . 2,610
Weehawken Art Center . . . . . . . . . . . . . . . . 1,000
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 171,610
706862_TEL012_AR2006_R9_km.indd Sec1:30 6/28/07 11:13:50 AM
31
Human Services
American Lung Associationof Colorado . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,000
Angel Baskets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,000
Basin Clinic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,000
Family Link Center . . . . . . . . . . . . . . . . . . . . . . . . . 5,800
Habitat for HumanitySteering Committee. . . . . . . . . . . . . . . . . . . . . . . 6,000
Hilltop Community Resources, Inc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,000
Midwestern Colorado Mental Health Center . . . . . . . . . . . . . . . . . . . . . 10,000
Midwestern Suicide Prevention . . 2,500
Montrose County Health and Human Services . . . . . . . . . . . . . . . . . . . . . . 8,000
Human Services (Continued)
Montrose County Senior Citizens Transportation, Inc . . . . . . . . . 6,000
Norwood/Redvale Ambulance . . . 1,200
One to One . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28,000
San Miguel Juvenile Diversion Program . . . . . . . . . . . . . . . . . . . . . . . . . . 8,000
San Miguel County Nursing Services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,000
San Miguel Resource Center . . . . . . . 28,000
Telluride AIDS Benefi t . . . . . . . . . . . . . . . . . . . 4,500
Telluride Medical Center . . . . . . . . . . . . . . . 15,000
Uncompahgre Medical Center . . . . 20,000
Voyager Youth Program . . . . . . . . . . . . . . . 8,000
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 176,000
Grand Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 666,310
Environment& Animal Protection
Animal Humane Society of Ouray County, Inc . . . . . . . . . . . . . . . . . . . . . . $ 6,000
Atlas Arkology/Biodiesel Share Program . . . . . . . . . . . . . . 2,000
Colorado Mountain Club . . . . . . . . . . . . . . 5,000
Montezuma Land Conservancy. . 7,500
San Miguel Basin Gunnison Sage Grouse Working Group . . . . . . 2,000
San Miguel Open Space Commission . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25,000
San Miguel Watershed Coalition 8,000
Telluride Institute . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,000
Totem Institute . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,000
Town of Ophir . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,000
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 72,500
Norwood and Telluride School District . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 150,000
Total ...................................................... $ 150,000
Special Initiatives Grant
706862_TEL012_AR2006_R9_km.indd Sec1:31 6/28/07 11:13:50 AM
706862_TEL012_AR2006_R9_km.indd Sec1:32 6/28/07 11:13:51 AM
33
Funds
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.
706862_TEL012_AR2006_R9_km.indd Sec1:33 6/28/07 11:13:56 AM
34
Unrestricted Gifts
By giving an unrestricted gift, donors can be assured their charitable gift will always
serve a vital purpose, even as the community changes and evolves. Unrestricted gifts
support the Foundation’s annual community grantmaking, nonprofi t capacity-building,
initiatives and community building activities. The generous individuals and families
(listed on page 20-23) have contributed to the Foundation’s multi-tiered donor program
and enjoy a variety of exclusive benefi ts.
This program consists of four levels:
� Friends of Telluride donors give a minimum of $100,000 over four consecutive years.
� Gold Hill donors give a minimum of $40,000 over four consecutive years.
� Bridal Veil donors give a minimum of $10,000 over four consecutive years.
� First Tracks donors give a minimum of $6,000 over four consecutive years.
706862_TEL012_AR2006_R9_km.indd Sec1:34 6/28/07 11:13:57 AM
35
Restricted Gifts
The Telluride Foundation has the following types of restricted funds:
� Donor Advised Funds
� Designated Funds
� Field of Interest Funds
For each of these funds, the Foundation provides donors with regular fund statements,
access to the expertise of Foundation staff, professional management and investment
of fund monies and increased knowledge of the Telluride community’s needs.
706862_TEL012_AR2006_R9_km.indd Sec1:35 6/28/07 11:13:57 AM
36
Donor Advised Funds
Establishing a Donor Advised Fund with the Telluride Foundation is like creating
a private foundation. The donor has the power and fl exibility to make recommendations
for grants to specifi c nonprofi t organizations from their fund — without the time,
paperwork and administrative expense of running their own foundation. A Donor
Advised Fund allows the donor to focus on charitable giving, while we handle the
administrative work. Additionally, with a Donor Advised Fund, the donor is able to take
an immediate tax deduction for full market value of appreciated assets and avoid capital
gains tax. This fund can be established as an endowed fund (to remain in perpetuity)
or as an expendable fund (to be spent down over a specifi ed number of years).
A Donor Advised Fund is an irrevocable gift to the Foundation while the donor
retains the explicit ability to advise the Foundation on distributions of grants
for charitable purposes.
706862_TEL012_AR2006_R9_km.indd Sec1:36 6/28/07 11:13:57 AM
37
“A donor advised fund operates like a private
foundation — without the administrative burden.
We’ve made it a family affair.”
Anne’s Rainbow Skate Fund
The Benchmark Fund
The Monika Callard Fund
The Bill and Debbie Carstens Fund
Corey & Shirley Fortenberry Fund
Habitat for Humanity
Andy Hanley Recreation Fund
The Hoot Fund
The Knox Fund
The McManemin Family Fund
Mountain Village Metro Services
The Ned & Diane Powell Fund
The Price Family Fund
Telluride Association of Realtors
Town of Mountain Village
The Telluride Foundation currently manages the following Donor Advised Funds:
706862_TEL012_AR2006_R9_km.indd Sec1:37 6/28/07 11:13:57 AM
38
“A designated fund is a wise, and
at the same time, generous choice.”
Designated Funds
Donors can create a fund to benefi t a specifi c nonprofi t organization. This fund can
be established as an endowed fund (to remain in perpetuity), as an expendable fund
(to be spent down over a specifi ed 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.
706862_TEL012_AR2006_R9_km.indd Sec1:38 6/28/07 11:13:57 AM
706862_TEL012_AR2006_R9_km.indd Sec1:39 6/28/07 11:13:59 AM
40
Initiative Funds
To date, the Foundation manages eight Field of Interest Funds (four of which are Board
Initiatives). These funds are established to raise money and pool investments to address
the needs of a specifi c charitable cause or geographic area. To establish a Field of
Interest Fund, donors contribute a minimum of $10,000 to the fund. Each fund is held
in a separate account and invested according to Foundation guidelines.
706862_TEL012_AR2006_R9_km.indd Sec1:40 6/28/07 11:14:02 AM
41
Bright Futures Fund*
Supports early childcare
programs for the working
parents of the Telluride region.
Good Neighbor Fund*
Assists San Miguel County
residents who are experiencing
fi nancial hardship.
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.
San Miguel Kids Endowment
Endows funds for kids and
youth programs.
Telluride Medical Capital Fund
Improves and expands the scope
and sophistication of regional
medical capabilities.
West End Initiative*
Empowers under-served
communities in the west end
of San Miguel and Montrose
counties, with grant writing
assistance to acquire
fi nancial resources for their
services, programs and
infrastructure.
Equality in Health Initiative
Strives to increase health
care competency and capacity
for the Hispanic/Latino
communities in San Miguel
and West Montrose counties.
*Board Initiatives
The Field of Interest Funds that the Telluride Foundation manages are as follows:
706862_TEL012_AR2006_R9_km.indd Sec1:41 6/28/07 11:14:02 AM
706862_TEL012_AR2006_R9_km.indd Sec1:42 6/28/07 11:14:03 AM
43
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 some of the best gift ideas,
all of which can be used for an unrestricted gift
or to start a fund at the Foundation.
706862_TEL012_AR2006_R9_km.indd Sec1:43 6/28/07 11:14:08 AM
44
Cash
Gifts of cash to the Foundation can be made by check or credit card (when itemized,
such outright cash gifts are generally deductible up to 50% of adjusted gross income).
If the donor’s total gifts should exceed the limitation, the excess may be carried forward
for tax purposes for up to fi ve additional years.
Gifts of Real Estate
Real estate in the form of a residence, vacation home, ranch or land may have
signifi cantly appreciated in value through the years so its sale would generate a sizeable
capital gains tax. By making a gift of property, the donor avoids the capital gains tax and
receives a charitable deduction for the full fair market value of the property.
Gifts of Stock
Giving long-term appreciated stock offers a two-fold tax savings. First the donor
avoids paying any capital gains tax on the increase in value of their stock. In addition
the donor receives a tax deduction for the full fair market value of the stock on the
date of the gift. For income tax purposes the value of such gifts may be deducted
up to 30% of adjusted gross income, with an additional fi ve-year carry forward.
The Telluride Foundation reserves the right to review stock gifts.
706862_TEL012_AR2006_R9_km.indd Sec1:44 6/28/07 11:14:08 AM
45
Bequest
Including a charitable bequest in your will is a simple way to make a lasting gift to your
community. When you make this gift through the Telluride Foundation, we establish a
special fund that benefi ts our community forever and becomes your personal legacy
of giving. With a bequest, you control the distribution of assets through a will or trust.
Your estate receives a charitable deduction for the full amount given. A bequest can
be given by an amount, percentage of the estate, or contingent on a specifi c future
event. Gifts through bequests or trusts ensure you that your charitable wishes will
be fulfi lled with no risk of running out of money or undergoing a change of lifestyle
during your lifetime. And, in many cases, you can receive a substantial reduction
in federal estate taxes.
Planned Giving
Charitable giving affords you the unique ability to make your community what you
envision it to 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 qualifi ed counsel for advice about your own situation.
706862_TEL012_AR2006_R9_km.indd Sec1:45 6/28/07 11:14:09 AM
46
Charitable Gift Annuity
Giving through a Charitable Gift Annuity allows you to arrange a generous gift to
your community, while providing yourself a new income source you can count on
for the rest of your life. In addition, part of the annuity payment is tax-free return on
principle. Unlike a bequest, you receive an immediate tax deduction for the charitable
portion of the gift. A charitable gift annuity begins with a donation of cash or another
form of 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 benefi t your community. With a
Charitable Remainder Trust, the donated assets are transferred into a trust rather than
to the Telluride Foundation. You receive an immediate tax deduction for the charitable
portion put into the trust. Upon your passing, the remaining assets are transferred from
the trust to the Telluride Foundation. There are two basic types of charitable remainder
trusts: charitable remainder annuity trust and charitable remainder unitrust. The annuity
trust pays a fi xed dollar payment each year for the life of the trust. The unitrust pays an
amount equal to a fi xed percentage of the market value of the trust, which is specifi ed
by the trust agreement.
706862_TEL012_AR2006_R9_km.indd Sec1:46 6/28/07 11:14:09 AM
47
The use of Charitable Remainder Trusts (CRT) and Gifts of Real Estate are gifts that pay.
A long-time, local couple purchased land in Telluride back in the 1970’s and was considering
selling it. However, if they sold the land they faced a 20 percent capital gains tax on a highly
appreciated asset. Rather than pay an exorbitant amount to the government in taxes, they
set up a charitable remainder trust with the Telluride Foundation. The income received from
the trust was much greater than income they would have collected from reinvestment and
resulted in paying less to the government. They received an immediate charitable deduction.
More importantly, they knew that when they passed, their money would help the community
they love. (This is not a true story but an example for illustrative purposes).
Tax consequences CRT Sold and Re-Invested
Net fair market value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,500,000 $ 1,500,000
Cost Basis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . N/A 50,000
Taxable Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . N/A 1,450,000
Less capital gains tax @15% (Federal) . . . . . . . . . . . . . . . . . . . . . . . N/A (217,500)
Less capital gains tax @5% (CO State) . . . . . . . . . . . . . . . . . . . . . . N/A (72,500)
Net proceeds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,500,000 1,210,000
Charitable deduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 264,240 0
Tax savings (37% Tax Rate) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 97,769 0
Total investment returns after 30 year . . . . . . . . . . . . . . . . . . . . . . . . . 13,756,923 11,823,382
(with compounded interest)
Amount distributed to benefi ciaries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,756,923 11,823,382
Remaining Amount given to charity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,363,752 $ 0
706862_TEL012_AR2006_R9_km.indd Sec1:47 6/28/07 11:14:09 AM
48
Investments
The Telluride Foundation assets are invested to manage
risk while seeking the best possible returns.
The Investment & Finance Committee implements a
stringent decision making process when considering
investments and continuously monitors all investments.
The investment strategy includes a long-term investment
view while providing liquidity and diversifi cation across
a wide range of asset classes, including alternatives.
The investment accounts include The Investment
Fund for Foundations (TIFF) multi-asset fund,
PIMCO Allianze Bond fund and money markets.
706862_TEL012_AR2006_R9_km.indd Sec1:48 6/28/07 11:14:09 AM
“In 2006 the total portfolio returned
an impressive 12.1% annualized rate of the return.”
706862_TEL012_AR2006_R9_km.indd Sec1:49 6/28/07 11:14:10 AM
50
2006 2005
Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 8,124,914 $ 6,179,997
Cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,684,228 843,619
Investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,405,614 2,857,401
Accounts receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,970 2,096
Pledges and grants receivable, net of discount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,997,033 2,432,568
Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,866 17,491
Property and equipment, net. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18,203 26,822
Liabilites and Net Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,887,051 1,125,079
Accounts payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,360,901 874,416
Accured liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43,866 28,986
Agency payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 380,091 103,606
Charitable gift annuity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 102,193 118,071
Net Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,124,914 6,179,997
Unrestricted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,959,975 2,113,023
Temporarily restricted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,277,888 2,941,895
Total Liabilities and Net Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 8,124,914 $ 6,179,997
Balance Sheet and Statement of Activities – 2006(Draft fi nancials pending audit committee approval)
706862_TEL012_AR2006_R9_km.indd Sec1:50 6/28/07 11:14:13 AM
51
Unrestricted Temporarily Restricted Total
Revenue, contributions and support
Individual contributions (Note 10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 637,750 $2,804,722 $ 3,442,472
In-kind contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 122,088 — 122,088
Dividend, interest and other income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 185,177 — 185,177
Total revenue, contributions and support . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 945,015 2,804,722 3,749,737
Net assets released from restrictions
Satisfaction of activity restrictions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,468,729 (2,468,729) —
Total net assets released from restrictions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,468,729 (2,468,729) —
Expenses
Program services
Grants and assistance programs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,338,796 2,338,796 —
Education and consulting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 191,920 — 191,920
Total program services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,530,716 — 2,530,716
Support services
Development . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 257,709 — 257,709
General and administrative . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 81,183 — 81,183
Total support services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 338,892 — 338,892
Total expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,869,608 — 2,869,608
Realized and unrealized investment gains/(losses) . . . . . . . . . . . . . . . . . . . . 302,816 — 302,816
Change in net assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 846,952 335,993 1,182,945
Net assets, beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,113,023 2,941,895 5,054,918
Net assets, end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,959,975 $3,277,888 $ 6,237,863
706862_TEL012_AR2006_R9_km.indd Sec1:51 6/28/07 11:14:13 AM
Delta
San Miguel
Montrose
Dolores
Ouray
Telluride�� �� �� �� ��� ���
���
���
���
���
���
���
���������
����������������
��������
� ��������������
52
Service Area
The Telluride Foundation serves people living and/or working in San Miguel County.
Expense Trend Graph 2006
706862_TEL012_AR2006_R9_km.indd Sec1:52 6/28/07 11:14:13 AM
53
Mission Statement 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
Heather Biggs
Finance Director
Telluride Foundation
620 Mountain Village Blvd, #2B
Telluride, CO 81435
970.728.8717
fax 970.728.9007
telluridefoundation.org
Cover and profile photography: Ben Knight feltsoulmedia.com
Landscape photography: Meg Bodnar megbphotography.com
Annie Carlson
Development Director
April Montgomery
Programs Director
Design:
proteusdesign.com