annual report design

POSSIBLE make mor e

ANNUAL REPORT 2013

TABLE OF CONTENTS

mission and values 4

letter from the co-chairs 6

board of directors 11

fund overview 13

community grant guideline 19

gift idea 23

what is planned giving? 27

the wright stuff foundation 31

the good neighbor fund 35

the telluride medical capital fund 39

latino initiative 43

the telluride film festival 47

san miguel resource center 51

donors 55

2013 community grants 57

statement of financial position 65

statement of activities 12.31.2013 67

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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.

MISSION AND VALUES

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.

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LETTER FROM THE CO-CHAIRS

Dear Board of Directors, friends andresidents 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.

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We invite you to help us celebrate our accomplishments in 2004

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.

GeneralH. Norman Schwarzkopf

Ron Allred

Paul Major

co-chair

co-chair

president and CEO

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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.

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BOARD OF DIRECTORS

The Telluride Foundation is honored to count these individuals among its board of directors.

General H. Norman SchwarzkopfRetired,

US Army General, Co-Chairman

Ron AllredCo-Chairman

Mike ArmstrongChairman, Comcast

Ed Barlow Senior Partner,

Whitcom Partners

Richard BettsOwner, ASAP

Accounting &

Payroll Services

Harmon Brown Proprietor, Harmon’s

at the Depot

Bill CarstensFounder,

Carstens Ranch

Joanne Corzine Developer,

West Meadows

Mark DaltonPresident,

Tudor Investment

Corporation

Kim DayPrivate Investor

Vern EbertMember,

San Miguel County

Commissioners

Davis FanslerMayor, Town of

Mountain Village

Bill FordChairman &

CEO, Ford

Motor Company

Bunny FreidusChair, San Miguel

Resource Center

Tully FriedmanChairman & CEO,

Friedman, Fleischer & Lowe

Ken GartChairman, Specialty

Sports Venture, LLC

Bill GershenOwner, Vanguard Industries

Allan GerstleDirector, San Miguel

County Social Services

Ron GilmerChair, Telluride

Commission for

the Arts & Special Events

Anne HerrickNon-profit Consultant

Ambassador

Richard HolbrookeFormer U.S.

Ambassador to the U.N.

Chuck HorningOwner, Telluride

Ski Resort

Ron KuruczOwner, San Miguel

Development Company

Betsy LindsayOwner, Mountain

View Events

Paul MajorCEO, Telluride

Foundation (ex-of ficio)

Tricia MaxonPresident, Bank of Telluride

Joan MayDirector, Sheep

Mountain Alliance

Joe Hideo MoritaPartner, Telluride

Ski & Golf Resort

John PryorMayor, Town of Telluride

Marilyn TuckerQuaylePresident, BTC, Inc.

Dick RodgersPresident,

Mountain Village

Wells Fargo Bank

Mary RubadeauSuperintendent,

Telluride School

District

Susan Saint JamesActress, Special

Olympics Board

Member

Josh SaleChair, San Miguel

County Open Space

Commission

Bob TrenaryPrivate Investor

Stephen WaldPrivate Investor,

Chair, Telluride

Medical Center

Jim WearFounder, Wear,

Travers, Krueger &

Perkins, P.C.

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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 per-

son, 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

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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, nonprofit capacity-building, initiatives, and

community building activities. The generous individuals and families

(listed on page 12-14) have contributed to the Foundation’s

multi-tiered donor program and enjoy a variety of exclusive benefits.

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)


• Bridal Veil donors give $2,500 (or up to $9,999)


• First Tracks donors give $1,500 (or up to $2,499)


RESTRICTED GIFTS

To date, the Telluride Foundation has created two types of restricted funds:

1 Donor Advised Funds

2 Designated Funds

For each of these funds, the Foundation provides donors with

regular, accurate 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.

Donor Advised Funds

Establishing a Donor Advised Fund with the Telluride

Foundation is like creating a private foundation. The donor

has the power and flexibility to make recommendations for

grants to specific non-profit 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.

A Donor Advised Fund is an irrevocable gift to the Founda-

tion while the donor retains the explicit ability to advise

the Foundation on distributions of grants for charitable

purposes.

The Telluride Foundation currently manages the

following Donor Advised Funds:

The Benchmark Fund

The Monika Callard Fund

Bill & Debbie Carstens Fund

The Grace & Paul Enbring Fund

Corey & Shirley Fortenberry Fund

Andy Hanley Recreation Fund

The Knox Fund

The Eric Moe Fund

Mountain Village Metro Services

The Ned & Diane Powell Fund

The Price Family Fund

Rico Center Fund

Town of Mountain Village

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 passthrough.

For a permanent endowed fund, 5% of the fund’s net

asset value is granted to the organization each year.

INITIATIVE FUNDS

To date, the Foundation manages six field of interest funds, three of which

are Board Initiatives. These funds are established to raise money and pool

investments to address the needs of a specific charitable cause or geograph-

ic area. To establish a field of interest fund, donors contribute a minimum

of $1,000 to the fund. Each fund is held in a separate account and invested

according to Foundation guidelines. The Field of Interest Funds that the

Telluride Foundation manages are as follows:

• 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 financial hardship (see page 35).

• 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 43).

• 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 39).

* Board initiatives

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COMMUNITY GRANT GUIDELINES

The Telluride Foundation is a non-profit, community foundation

committed to preserving and enriching the quality of life of the

residents, visitors, and workforce of the Telluride region by fostering

private giving and strengthening service providers. To this end, the

Telluride Foundation awards grants to local nonprofit organizations

involved in the arts, education, athletics, land conservation, and other

community-based efforts.

Additionally, the Foundation provides local non-profits with

technical assistance, such as training seminars, grant writing, and

consulting services. Foundation grants are awarded once a year, in

December. The 2004 application deadline was October 1.

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GRANTS COMMITTEE

The Grants Committee is composed of seven members selected from

the Board of Directors. This committee evaluates the grant

applications and provides recommendations to the Board for final

review and approval.

CURRENT TYPES OF SUPPORT

General operating support; existing and new programs and projects;

equipment; annual campaigns; conferences and seminars; consulting

services; matching funds; technical assistance; start-up funds; joint

requests from multiple applicants.

APPLICANT ELIGIBILITY REQUIREMENTS

The Telluride Foundation will consider grant applications from

organizations that meet the following criteria:

1. Conduct activities and programs consistent with the

Foundation’s mission statement.

2. Serve people living or working in San Miguel County.

3. Qualify as a 501(c) 3 tax-exempt organization under the Internal

Revenue Code or operating as a local government or one of their

subsidiaries.

4. Provide sound business plans demonstrating fiscal responsibility

and long-term viability.

5. 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 report prior to the current year’s

application deadline are ineligible for a grant in the current year.

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REVIEW CRITERIA

The Grants Committee will use the following criteria to review

applications. These criteria are not exclusive, and the board reserves

the right to use its own best judgment when making final grant

awards. Priority is given to:

Well-run, financially sound organizations. For example, strongboard participation and stable management, diverse source of revenues and earned income opportunities.

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 theirorganizations and its projects. For example, diversity of other funding sources and community resources; number of diverse partici-pants in the program, project, or organization, including local residents on their board.

Organizations that show an effective and efficient delivery of program services. For example, greater than 60% of the organization expenses are spent on program services.

TECHNICAL ASSISTANCE GRANTS

The Foundation is pleased to offer applicants the opportunity for

both a traditional grant and/or a technical assistance grant award.

Technical Assistance Grants provide an easy, effective way for non-

profit organizations to improve their operational efficiency through a

proven, turnkey program for assessing and addressing individual

organization’s needs. The Grants Committee reserves the right to of-

fer the applicant organization a technical assistance grant rather than

a grant award. Details on technical assistance grants may be found on

our web site at: www.telluridefoundation.org

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GIFT IDEA

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.

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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 this limitation, the excess may be carried forward for tax

purposes for up to five additional years.

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 five-year carry forward. The Telluride

Foundation reserves the right to review stock gifts.

REQUEST

One of the simplest ways to make a gift to the Foundation is through a

will. The donor can designate a gift or portion of their estate to the Tel-

luride Foundation and, in some cases, receive a substantial reduction in

federal gift and estate taxes. (See page 27 for more information)

GIFTS OF REAL ESTATE

Real estate in the form of a residence, vacation home, ranch, or land may

have significantly appreciated in value through the years so that its sale

would mean 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.

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RETIREMENT PLANS

Donors can name the

Foundation as a beneficiary of

their Individual Retirement

Plan (IRA), Keogh plan, 401(k),

403(b), or other qualified

pension plan. They may name

the Foundation as beneficiary

for part or all of what remains

in their retirement account. The

proceeds of these plans are

distributed outside of the

probate and are entirely free

from federal estate tax.

GIFTS OF LIFE INSURANCE

If a donor owns a life insurance

policy that is no longer needed,

they can name the Foundation

as both the owner and

beneficiary of that policy. If the

policy has a cash value, they can

take a charitable deduction

approximately equal to the cash

value at the time of the gift. In

addition, if annual premiums

are still to be made and they

continue to pay them, those

premiums will become tax

deductible each year.25


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.

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REQUEST BY WILL

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 benefits 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 specific future event. Gifts through

bequests or trusts ensure you that your charitable wishes will be

fulfilled 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.

LIVE INOCME GIFTS

A life income gift provides an annual income while providing an

immediate charitable income tax deduction. Life income gifts are

irrevocable. There are two types of life income gifts, a charitable gift

annuity and a charitable remainder trust.

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.

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Charitable Remainder TrustGiving through a Charitable Remainder Trust allows

you to receive income for the rest of your life, knowing

that whatever remains will benefit 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 pass-

ing, 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 fixed dollar payment each year

for the life of the trust. The unitrust pays an amount

equal to a fixed percentage of the market value of the

trust, which is specified by the trust agreement.

LEAD INCOME GIFTS

A Charitable Lead Trust is beneficial for

donors who do not desire immediate

income but are concerned about

transferring assets to their heirs upon

passing. In a lead trust, a fixed annuity is

distributed each year to the Foundation for

a select number of years. When the lead

trust is initially funded, the donor receives a

gift tax charitable deduction for the current

value of the income that will be

distributed to the Foundation.

Once the trust terminates, the remaining

assets are then transferred to the donor’s

beneficiaries at tax-savings.

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THE WRIGHT STUFF FOUNDATION

Kellon Doyle, a “happy camper” in the Wright Stuff Day Care Program

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I AM

READY

“Without the Wright Stuff Foundation, I wouldn’t have been able

to return to work as there aren’t any other affordable,

high-quality day care centers in our area.

I really love what I do and being unable to continue teaching

would have been very disappointing,”

LISA DOYLE.-

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

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 skil ls. The program introduces so many developmen-

tal activities. It has made a big difference,” said Lisa.

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Jay Grierson, grant recipient of the Good Neighbor Fund

THE GOOD NEIGHBOR FUND

35


I AM

THRIVING

“The Good Neighbor Fund lightened the load and gave us a sense

of relief. Without the help, we would have ended up claiming

bankruptcy.”

JAY GRLERSON

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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 hardship. Its goal is to quickly, effectively, and confidentially provide financial as-

sistance 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 2004, 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.

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.

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William “Senior” Mahoney, life-long Telluride resident and ski industry icon

THE TELLURIDE MEDICAL CAPITAL FUND

39


I AM

ALIVE

“The thing of it is…that clinic down there just saved my bacon.

If the clinic didn’t have a cat scan, they would have x-rayed me

which wouldn’t have showed what the problem was.”

SENIOR MAHONEY

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The Telluride Medical Capital Fund was established by local community members in 2003,

with the goal to expand the scope and sophistication of health care services in the Telluride

Region. The Fund hosts an annual dinner and auction event called Operation F.E.A.S.T.

(Fund raiser for Expanding and Supporting Telluride’s medical capabilities). Through the

generosity of the attendees, Operation F.E.A.S.T. 2003 and 2004 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, 2004 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 threat-

ening condition—an aneurysm in his abdominal aorta, on the verge of ruptur-

ing. 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 Tel-

luride, 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 home in Telluride.

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Javier, Lorena, Erica and Carla Ortez, Telluride residents who have taken advantage of the programs within the Latino Initiative

LATINO INITIATIVE

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I AM

CONNECTED

“A lot of times we feel so far away from our homes. Events l ike

Papa Noel bring us together and make us feel important. It makes

us feel more a part of the community.”

MARTINEZ ORTEZ

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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.

LAVLER, LORENA, AND ERLCA 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.

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Peggy Curran, Telluride Coordinator of Development, Communications and Strategic Affairs for the Telluride Film Festival

THE TELLURIDE FILM FESTIVAL

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I AM

WATCHING

“The Telluride Foundation is a wonderful partner and easy to

work with. We greatly appreciate the support. They help us to

make film available all year long to the community.”

PEGGY CURRAN

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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 and challenging movie

theatre economics. However, the Telluride Film Festival viewed the Nugget as a

community resource and could not 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 2004 the Telluride Foundation gave the Telluride Film Festival a grant to assist

with this worthy endeavor. 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 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.”

49


Pam Stewart-Maddox, Executive Director of theSan Miguel Resource Center

SAN MIGUEL RESOURCE CENTER

51


I AM

PROTECTING

“The grant from the Telluride Foundation is particularly impor-

tant to us. It is not just the financial support, it is the fact that

the Telluride Foundation actually knows the impact our agency

has on the community.”

PAM STEWART-MADDOX

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foundation

In 2004, 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 we do it, and then supports us. Their funds

are a validation of not just what we do but how we are striving to improve the

community in a thousand different ways,” said Pam Stewart-Maddox, executive

director of the San Miguel Resource Center.

53


DONORS

Ron & Joyce Allred

C. Michael &

Anne Armstrong

Bank of Telluride,

A WestStar Bank

Ed & Frances Barlow

Barney & Carol Barnett

Sharen & Marc Berman,

The Skylark Foundation

Darren & Julie Blanton

Timothy Boberg &

Roxanne Pulitzer

Kevin & Mary Grace Burke

Paul & Joann Claeyssens

Joanne Corzine

Mark & Susan Dalton

Kim & Kim Day

Bill & Becky Deupree

Dick Ebersol &

Susan Saint James

FRIENDS OD TELLURIDE

Davis & Bobsey Fansler

First National Bank

of Telluride

Bill & Lisa Ford

Bunny Freidus & John Steel

Tully & Elise Friedman

Bill & Debra Gershen

Robert & Nancy Hayden

Ted & Anne Herrick

Joe & Lynne Horning

Chad Horning

M. Charles Horning

James M. Johnson Fund

Ron Kurucz

Paula Malone

Fletcher & Elizabeth

McCusker

Joe Hideo & Hiroko Morita

Barbara Parish &

Gary Roberts

George & Julie Parker

Ned & Diane Powell

Bob & Winnie Roloson

Rich & Elizabeth Salem

Richard & Barbara Schell

H. Norman & Brenda

Schwarzkopf

Tom Schwartz

Nelson & Sharon Sharp

Marty & Marlene Silver

Pamela Smith

Terry & Chris Stephens

Patricia Sullivan

Telluride Sports

Bob & Jane Trenary

Stephen & Sheila Wald

The Robert T. Wall Family

Jim Wear

Jim & Sheila Wells

Wyndham Peaks Resort

55


2013 COMMUNITY GRANTS

ART AND CULTURE 28%

ATHLETICS ANDSPORTS 7%

YOUTH 7%

ENVIRONMENT/ANIMAL PROTECTION 9%

EDUCATION 12%

CHILD CARE 13%

HUMAN SERVICES 24%

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ART AND CULTURE

Ah Haa School for the ArtsChildren Programs andGeneral Operating Support $16,000

Lizard Head Theatre Company

General Operating Support and

Technical Assistance $5,500

Michael D. Palm Theater for PA (TSD)


MountainFilm in Telluride

General Operating Support and


OutLoud Lecture Series

General Operating Support $3,000

Sheridan Arts Foundation

Young People’s Program $12,000

SMC Public Library District #1

Final stage of the 70’s Project $1,500

Telluride Chamber Music Association


Telluride Choral Society


Telluride Council for the Arts

and Humanities

Small Grants & Artist

Fellowship Program $10,000

Telluride Dance Academy

Programs for Participants Ages

18 and Under $5,000

Telluride Film Festival

Underwrite the Rent at the Nugget Theater

and Educational Programs

with the Schools $15,000

Telluride Musicfest

Public performances in Sheridan

Opera House or Telluride R1 School

District Performances $2,000

Telluride Repertory Theatre Company

Support for the March Musical and

the Summer Classics Production. $11,000

Telluride Society for Jazz


Telluride Writers Guild


TOTAL $122,410

ATHLETICS AND SPORTS

Telluride Adaptive Sports ProgramVolunteer and Instructor Training , the Telluride Intermediate

School Disability Awareness Program and Scholarships for

Low-income San Miguel County Students $8,900

Telluride Lizard Heads Hockey ClubGeneral Operating Support $4,000

Telluride Nordic AssociationGeneral Operating Support $5,000

Telluride Ski & Snowboard ClubFinancial Aid for Low-income Children and

New Programming Costs $12,500

Telluride Youth Lacrosse Association, IncGeneral Operating Support $2,000

TOTAL $32,400

CHILD CARE

Rainbow Preschool & Day Care Center

Support for Scholarships, Enrichment Programs, and Quality

Rating System Training $21,800

Telluride Early Childhood Center


Telluride Montessori School

Scholarships and Support for the Accreditation Process $4,000

Telluride Preschool

Scholarships and Quality Rating System Training $3,000

Wright Stuff Community Foundation


TOTAL $59,06058

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EDUCATION

High West Council


Paradox Valley School

Afterschool Programs $3,000

Pinhead Institute

K-12 Biodiversity Education

Program and Smithsonian

Internship Program $10,000

San Juan Field School

San Juan Avalanche Education Program and

support for planning the International Snow

Science Workshop $5,000

San Juan Parenting Education Program

Program Support $2,500

Telluride Education Foundation

Teacher Magnet Program and Outside

Program Grants $17,000

Telluride Historical Museum


Telluride Mountain School


Animal Humane Society of

Ouray County, Inc.

San Miguel County Residents Spay & Neuter

Program and General Operating $3,000

Atlas Arkology


Green Rico Organization

Support for Fundraising Efforts $1,500

Rocky Mountain Ark and Wildlife Center


San Miguel Watershed Coalition

River Ranger Program and Seed Money for the

Report Card Program $5,000

Sheep Mountain Alliance

Beaming Bioneers Conference and the Regional

Hazardous Materials Day $4,000

Telluride Institute

Greenbucks Program and WEP’s Educational

Experiential Activities $10,000

Western Colorado Congress–

San Miguel County Project

San Miguel County Natural Gas

Education Project $2,500

TOTAL $37,500

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TOTAL $51,500

ENVIRONMENT/ANIMAL PROTECTION

HUMAN SERVICES

Angel BasketsSupport for Christmas Dinner $4,000

Holistic Health Resources of the San JuansAlternative Care Assistance Fund for People Working or Living in

San Miguel County $3,500

Midwestern Colorado Mental Health CenterThe San Miguel County Drug Court Program $5,000

Midwestern Colorado Mental Health CenterGeneral Operating Support $5,000

One to OneGeneral Operating Support $25,000

San Miguel & Ouray JuvenileDiversion Program General Operating Support $4,000

San Miguel Resource CenterGeneral Operating Support $25,000

St Mary’s Hospital FoundationCareFlight ProgramEquipment for CareFlight $5,000

Telluride AIDS BenefitProgram Support $4,500

Telluride Elks Lodge #692Challenge Grant for General Operating Support $2,000

Telluride Hospital DistrictTo Defray the Cost of Providing Low-Income Medical Care,

Implement a Sliding Scale, and Spanish Language Training

$20,000

Western Slope Rural Philanthropy DaysGeneral Operating Support $1,000

TOTAL $104,00061


YOUTH

Girls Scouts of Chipeta Council

Program Support $4,000

Horizon Program


Telluride Academy

Financial Aid for West End Youth, Hispanic

Summer School Students and Academy

Programs $12,500

Voyager Youth Programs


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TOTAL $32,500

GRAND TOTAL $439,370

2013 GRANT OVERVIEW

Community Grants $439,370

Good Neighbor Fund $25,234

Citizen of the Year $5,000

Donor Advised Funds $376,890

Town of Mountain Village/Metro Services Grants $328,365

Donor Restricted Grants $98,137

TOTAL $1,272,996

GRANT HISTORYOver $4 million in grants distributed in 4 years

300,000

600,000

900,000

1200,000

1500,000

2013201220112010

COMMUNITY GRANTS

TOTAL GRANTS

2013 MOUNTAIN VILLAGE GRANTS

MountainFilmTo Continue and Expand MajorPresence of MOUNTAINFILMin the Mountain Village $42,280

Pinhead InstituteFunding to Host SmithsonianEncyclopedia of Life Symposia $14,850 San Juan Field SchoolAvalanche Education and Senseof Place Community Awareness $1,800

San Miguel Educational FundGeneral Operating Support $4,700 San Miguel Resource CenterSupport for the 2004 ChocolateLover’s Fling $4,770

Telluride AIDS BenefitOperating and Marketing Supportof Fashion Show $9,850

Telluride Choral SocietyGeneral Operating Support $4,800

Telluride Council for the Artsand HumanitiesSupport Beaux Arts Ball $2,245

Telluride Dance Academyand Movement CenterGeneral Operating Support $7,750

Telluride Film FestivalTo Continue and Expand Major Presence of Telluride Film Festivalin the Mountain Village $72,945

Telluride Medical Capital Fund BenefitTo Raise Funds for Purchase of Computerized X-ray at TMC and a New Ambulance for MV Fire House $17,905

Telluride Ski & Snowboard ClubUnderwrite 14 Race Events2004 Season $60,000

Telluride Soccer ClubSupport 2004 Chili Cook-offin Mountain Village $2,500



Telluride Society for JazzPresenting Sponsor for the Festival $21,000

Telluride Wine FestivalEnhance and Expand Presencein Mountain Village $18,970

Wright StuffHigher Education Programs in MV; Child Care Support at Prime Time Youth Care; ESL and GED Courses $12,000

(A donor advised fund)

Mountain village metro services 2013 grants*

TOTAL $303,365

Town of mountain village2004 grants

The Horizon ProgramGeneral Operating Support andPrograms at the MV Boulder $2,500

Midwest Colorado Mental HealthSupport Towards EmergencyOn-Call Service $2,000 One to OneGeneral Operating Support $5,000 Juvenile DiversionGeneral Operating Support $3,000

San Miguel Resource CenterGeneral Operating Support $5,000

Telluride Adaptive Sports ProgramSupport for Nordic andCycling Clinics $7,500

TOTAL $25,000

63


STATEMENT OF FINANCIAL POSITION

Cash and cash equivalents

Investments (Notes 3)

Accounts receivable, net of allowance for doubtful accounts of $0 and $14,539, respectively

Pledges and grants receivable, net of discount (Note 4)

Other assets

Note receivable (Note 5)

Property and equipment, net (Note 6)

$ 337,077

$ 2,397,264

$ 250

$ 2,044,127

$ 33,717

$ 31,407

$ 578,240

$ 1,429,874

$ 15,543

$ 1,635,098

$ 11,304

$ 10,000

$ 17,375

2013 2012

ASSETS

TOTAL ASSETS $ 4,843,842 $ 3,697,434

Accounts payable

Accrued liabilities

Deferred income

Charitable gift annuity (Note 7)

Commitments and contingencies (Note 8)

$ 722,452 $ 29,231

$ 4,860

$ 129,980

$ 517,910

22,882

$ 350

—

LIABILITIES AND NET ASSETS

TOTAL LIABILITIES $ 886,523 $ 541,142

NET ASSETSUnrestricted

Temporarily restricted (Note 9)

$ 1,883,416

$ 2,073,903

$ 1,032,235

$ 2,124,057

NET ASSETS $ 3,957,319 $ 3,156,292

TOTAL LIABILITIES ANDNET ASSETS

$ 3,957,319 $ 3,156,292

65


STATEMENT OF ACTIVITIES 12.31.13

Individual contributions (Note 10)

In-kind contributions

Dividend, interest and other income

$ 864,186

$ 107,566

$ 78,756

$ 1,645,448

—

—

UNRESTRICTEDTEMPORARY RESTRICTED

REVENUE, CONTRIBUTIONS, AND SUPPORT

TOTAL

$ 2,509,634

$ 107,566

$ 78,756

TOTAL REVENUE, CONTRIBUTIONS, AND SUPPORT

$ 1,050,508 $ 1,645,448 $ 2,695,956

NET ASSETS RELEASED FROM RESTRICTIONS

Satisfaction of activity restrictions $ 1,682,972 ($ 1,682,972) —

TOTAL REVENUE, CONTRIBUTIONS, AND SUPPORT

$ 1,682,972 ($ 1,682,972) —

EXPENSESprogram services

Grants and assistance programs

Education and consulting

$ 1,454,879

$ 119,237

—

—

$ 1,454,879

$ 119,237

total program services $ 1,574,116 — $ 1,574,116

support services

Development

General and administrative

$ 215,445

$ 142,309

—

—

$ 215,445

$ 142,309

total support services $ 357,754 — $ 357,754

TOTAL EXPENSES $ 1,931,870 — $ 1,931,870

Realized and unrealizedinvestment gains/(losses)

$ 49,571 ($ 12,630) $ 36,941

CHANGE IN NET ASSETS $ 851,181 ($ 50,154) $ 801,027

Net assets, beginning of year $ 1,032,235 $ 2,124,057 $ 3,156,292

NET ASSETS, END OF YEAR $ 1,883,416 $ 2,073,903 $ 3,957,319

67


Paul MajorCEO & [email protected]

Annie CarlsonDevelopment [email protected]

Lorrie MahoneyPrograms [email protected]

to reach us by mail or find usTelluride Foundation620 Mountain Village Blvd, #2BTelluride, CO 81435

to reach us by phone970.728.8717fax 970.728.9007

to reach us on the webwww.telluridefoundation.org

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BREAKOUT OF EXPENSESThese charts demonstrate the Foundation’s improved efficiencies in delivering program

services (grants, education and capacity-building) to our community.

34% 28% 20% 19%

66% 72% 80% 81%

PROGRAM SERVICES SUPPORTING SERVICES

SERVICE AREAThe Telluride Foundation serves people living and/or working in San Miguel County.

San Miguel

Montrose

Ouray

Dolores

Delta

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annual report design

Documents