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How Trust Land Earned $1.4 billion

for Colorado School Children

Colorado Counties, Inc

Denver, CO

March 15, 2019

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Results for School Children

10yr Distributions( July 2008-June 2018)

$630 million to BEST (capital construction for school buildings)+

$414 million to Permanent Fund (endowment for schools)+

$380 million to School Finance Act (Department of Education’s operating budget)_______________________________________= $1.4 billion to schools

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1780s … Our Founding Fathers consider the concept of lands for schools.

History of Trust Land

~1860s

American Schoolchildren

~1780s

America’s Founders

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States with Trust Land

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Trust Lands in Colorado

The Colorado Enabling Act (1875): “sections 16

and 36 … are hereby granted to said state for

the support of common schools.”

~1900 schoolhouse

Gilpin, CO

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$4.3

BILLIO

N TOTAL

SCHOOL

TRUST

$4.3 billion

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What Guides Us

Mission

Manage an endowment of assets held in perpetual,

intergenerational, public trusts for the financial support

of Colorado’s public schools and other public institutions

Mandate

Reasonable and consistent income over time AND

protecting and enhancing natural values

Fiduciary Duty

Legal and ethical obligation to act solely in the best

interest of beneficiaries

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How We Operate

• Governance: five-person Board

• 45 employees; 7 statewide offices

• Self-funded; no tax dollars used; $7M budget

• Asset owner; not operator

• Layer leases and contracts

• Different from ‘public lands’

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3.15.19

How We Operate

• Governance: five-person Board

• 45 employees; 7 statewide offices

• Self-funded; no tax dollars used; $7M budget

• Asset owner; not operator

• Layer leases and contracts

• Different from ‘public lands’

CCI

3.15.19

How We Operate

• Governance: five-person Board

• 45 employees; 7 statewide offices

• Self-funded; no tax dollars used; $7M budget

• Asset owner; not operator

• Layer leases and contracts

• Different from ‘public lands’

CCI

3.15.19

How We Operate

• Governance: five-person Board

• 45 employees; 7 statewide offices

• Self-funded; no tax dollars used; $7M budget

• Asset owner; not operator

• Layer leases and contracts

• Different from ‘public lands’

CCI

3.15.19

How We Operate

• Governance: five-person Board

• 45 employees; 7 statewide offices

• Self-funded; no tax dollars used; $7M budget

• Asset owner; not operator

• Layer leases and contracts

• Different from ‘public lands’

CCI

3.15.19

How We Operate

• Governance: five-person Board

• 45 employees; 7 statewide offices

• Self-funded; no tax dollars used; $7M budget

• Asset owner; not operator

• Layer leases and contracts

• Different from ‘public lands’

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Subject to Local Land Use Regulations

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Leases in Your Counties

Most # of leases:

• Weld (1273)

• Moffat (471)

• Logan (388)

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Leases in Your Counties

350-250 leases:

• Washington

• Elbert

• Routt

• Las Animas

• Lincoln

• Morgan

• El Paso

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Leases in Your Counties

249-150 leases:

• Yuma

• Pueblo

• Adams

• Larimer

• Arapahoe

• Kiowa

• Jackson

• Bent

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Leases in Your Counties

149-100 leases:

• Kit Carson

• Huerfano

• Cheyenne

• Park

• Fremont

• Otero

• Baca

• Saguache

• Prowers

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Leases in Your Counties

99-10 leases:● Crowley

● Conejos

● Jefferson

● Grand

● Montezuma

● Chaffee

● Rio Grande

● San Miguel

● Eagle

● La Plata

● Phillips

● Sedwick

● Alamosa

● Boulder

● Gunnison

● Custer

● Denver

● Teller

● Douglas

● Dolores

● Archuleta

● Rio Blanco

● Lake

● Pitkin

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Leases in Your Counties

<10 leases:

• Mineral

• Gilpin

• Hinsdale

• Ouray

• Summit

• Mesa

• Clear Creek

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Local Tax Payments

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Lines of

Business

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Recent School Trust Revenues

Millio

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$1.4 billion to support CO schools

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