Annual Report 2004 Final

Paul Major CEO & President paul@telluridefoundation.org Annie Carlson Development Director annie@telluridefoundation.org Lorrie Mahoney Programs Manager lorrie@telluridefoundation.org

to reach us by mail or find us Telluride Foundation 620 Mountain Village Blvd, #2B Telluride, CO 81435

to reach us by phone 970.728.8717 fax 970.728.9007

to reach us on the web www.telluridefoundation.org

Designed by Proteus, www.proteusdesign.com Cover and feature photography by Ben Knight, knightphoto@gmail.com Landscape photography by Telluride Stock, www.telluridestock.com Paper donated by Monadnock Paper Mills, www.mpm.com

our mission

i a m pr otecting

i am ready

i a m thr iving

i am watc hing

i am aliv e

i am conne cted

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.

make more possible

2004 ann ual rep ort

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.

table of contents

the wright stuff foundation . 04 board of directors . 06 letter from the co-chairs . 08 the good neighbor fund . 10 donors . 12 the hanley rink . 15 the telluride medical capital fund . 16 community grant guidelines . 18 2004 community grants . 20 the bright futures fund . 23 latino initiative . 28 fund overview . 30 the telluride ďŹ lm festival . 34 gift ideas . 36 citizen of the year . 37 what is planned giving? . 38 san miguel resource center . 40 statement of ďŹ nancial position . 42 mission and values . 45

2004 annual report

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i a m ready

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

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the telluride foundation

the wright stuff foundation 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.

lisa, brendan, and kellon doyle

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 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.

“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,”

“It’s a wonderful opportunity for him to be around other babies his age and develop social skills. The program introduces so many developmental activities. It has made a big difference,” said Lisa.

lisa doyle.

photo: Ben Knight

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

General H. Norman Schwarzkopf Retired, US Army General, Co-Chairman Ron Allred Co-Chairman Mike Armstrong Chairman, Comcast Ed Barlow Senior Partner, Whitcom Partners Richard Betts Owner, ASAP Accounting & Payroll Services Harmon Brown Proprietor, Harmon’s at the Depot Bill Carstens Founder, Carstens Ranch Joanne Corzine Developer, West Meadows Mark Dalton President, Tudor Investment Corporation Kim Day Private Investor

Vern Ebert Member, San Miguel County Commissioners

Anne Herrick Non-profit Consultant Ambassador

Davis Fansler Mayor, Town of Mountain Village

Richard Holbrooke Former U.S. Ambassador to the U.N.

Bill Ford Chairman & CEO, Ford Motor Company Bunny Freidus Chair, 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

Dick Rodgers President, Mountain Village Wells Fargo Bank

Chuck Horning Owner, Telluride Ski Resort

Mary Rubadeau Superintendent, Telluride School District

Ron Kurucz Owner, San Miguel Development Company

Susan Saint James Actress, Special Olympics Board Member

Betsy Lindsay Owner, Mountain View Events

Josh Sale Chair, San Miguel County Open Space Commission

Paul Major CEO, Telluride Foundation (ex-officio) Tricia Maxon President, Bank of Telluride Joan May Director, Sheep Mountain Alliance Joe Hideo Morita Partner, Telluride Ski & Golf Resort John Pryor Mayor, Town of Telluride

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Marilyn Tucker Quayle President, BTC, Inc.

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Bob Trenary Private Investor Stephen Wald Private Investor, Chair, Telluride Medical Center Jim Wear Founder, Wear, Travers, Krueger & Perkins, P.C.

Leadership is more than simply being the ďŹ rst 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-proďŹ t 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 ďŹ rm set of principles recognized and shared by all we serve.

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Dear Board of Directors, friends and residents of the Telluride Community, The Telluride Foundation continues to meet its own high expectations for the organization’s core mission: to preserve and enrich the quality of life for our residents, our workforce, and visitors to the Telluride Region. Over  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.

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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 ďŹ nancial crisis, are just two initiatives that illustrate our unique ability to respond to local community needs and priorities in a timely and efďŹ cient manner.

general h. norman schwarzkoph co-chair

Our guiding principle is to make more possible. Efforts to streamline and simplify our donors desire for immediate positive impacts with their philanthropic gifts continue to prove successful. The number of active donors has increased ten fold since our inception four years ago. As we look towards the future, a bright horizon of unlimited potential is within reach.

We invite you to help us celebrate our accomplishments in 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.

ron allred co-chair

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paul major president + ceo

i a m thr iving

10 Jay Grierson, grant recipient of the Good Neighbor Fund

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the good neighbor fund 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 assistance for certain qualified needs including housing, transportation, or medical treatment. The Fund pays vendors directly; it is the perfect mechanism for donors who want to impact the lives of San Miguel County residents in need by helping them remain a part of our community. The Fund has no overhead – all donations made to it are passed on to those in need. In 2004, the Good Neighbor Fund assisted 26 San Miguel County residents with nearly $24,000 in emergency grants.

“The Good Neighbor Fund lightened the load and gave us a sense of relief. Without the help, we would have ended up claming bankruptcy.” jay grierson

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.

photo: Ben Knight

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donors Davis & Bobsey Fansler First National Bank of Telluride Bill & Lisa Ford Bunny Freidus & John Steel Tully & Elise Friedman

friends of telluride Ron & Joyce Allred C. Michael & Anne Armstrong Bank of Telluride, A WestStar Bank Ed & Frances Barlow Barney & Carol Barnett

Bill & Debra Gershen Robert & Nancy Hayden Ted & Anne Herrick Joe & Lynne Horning Chad Horning

George & Julie Parker Ned & Diane Powell

M. Charles Horning James M. Johnson Fund Ron Kurucz

Bob & Winnie Roloson Rich & Elizabeth Salem Richard & Barbara Schell

Sharen & Marc Berman, The Skylark Foundation

Paula Malone

Darren & Julie Blanton

Fletcher & Elizabeth McCusker

Timothy Boberg & Roxanne Pulitzer

Joe Hideo & Hiroko Morita

Kevin & Mary Grace Burke

Barbara Parish & Gary Roberts

H. Norman & Brenda Schwarzkopf Tom Schwartz Nelson & Sharon Sharp Marty & Marlene Silver

Paul & Joann Claeyssens

Pamela Smith

Joanne Corzine

Terry & Chris Stephens

Mark & Susan Dalton

Patricia Sullivan

Kim & Kim Day

Telluride Sports

Bill & Becky Deupree

Bob & Jane Trenary

Dick Ebersol & Susan Saint James

Stephen & Sheila Wald The Robert T. Wall Family Jim Wear Jim & Sheila Wells Wyndham Peaks Resort

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donors first tracks John & Beverly Baker Richard Betts Charles & Virginia Bowden

telluride family funds

Alberto & Irene Casaretto

Bill & Debbie Carstens

Mike & Jane Conlin

Corey & Shirley Fortenberry

Rosie Cusack

Town of Mountain Village

Dr. Andrew & Ziva Dahl

gold hill Paul Allaire

Erik & Josephine Fallenius Stephen Farish III Bob Glah

Bill Fandel Richard & Julie Houck

Juan Carlos & Christina Casas

Bob & Ana Greene

Bob & Jenny Delves

Richard Holbrooke & Kati Marton

Peter Jamar

Bill & Lucy Kingsford

Betsy Lindsay Holly Parker/AMMV Sales

Peter & Carol Sellon

Casey & Megan McManemin

Lary & Sally Simpson

Bill & Cheryl Nordstrom

Harlan & Carol Waksal

Frederic Ohringer & Jane Taylor

Cliff & Brenda Gilbert Dan & Marilyn Quayle

bridal veil Brian & Mary Claire Blackshaw Peter & Francine Cogen Lou & Bonnie Cohen Roy & Diana Conovitz Bob Demsey & Suzanne Dahl

Don & Nancy Orr Lawrence & Joy Ramaekers Dick & Linda Rodgers John & Laura Shields Lynne Tryon Smalley Jack & Dawn Taylor John Temple & Judith Gittinger David & Julie Vaughn Tom & Eppi Waldin

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Kevin & Kristin Holbrook

Brian Parsley

donors patrons Bob Borchardt Scott Borman Harmon Brown Stuart & Joanna Brown Peter & Linda Bynoe Charles & Sue Cobb

The Mountain Lodge at Telluride Mountain Village Metro Services

David Donner

Jonathan & Rebecca Radford

Tracey Esherick

Mary & Bob Rubadeau

Stephanie Fanos

Josh Sale & Peggy Curran

Maureen Pechacek & Maynard Howe

Dave & Shari Flatt

Joseph Slotnik

George & Pam Hamel

Richard & Anna Teerlink

John Perpar

John & Sandra Horvitz

Peter Welles

Ock & Joanie Peterson

Fred & Gail Kittler

John & Ellen Pillsbury

Adam & Tina Kreysar

Genevieve Plamondon

Las Montanas

Michael & Marilyn Ratner

Vincent & Anne Mai

Sam & Francesca Rehnborg

Mike & Beverly McTigue

Frank & Bee Reichel

Art & Paige Nagle

Chad Scothorn John & Carolyn Snow Jonathan & Tiffany Sweet Wolf Family - Ridgway, CO

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The Hanley Rink Campaign is a special project of the Andy Hanley Recreation Fund, a donor advised fund established as a memorial fund by the family of Hanley, the late mayor of Mountain Village who worked diligently to create a professional skating facility for regional residents.

The Hanley Rink Committee began fundraising in November 2002 to complete an ice rink in the new Telluride Town Park Pavilion as a refrigerated, worldclass facility. After raising over $540,000, the Hanley Rink Campaign concluded when the rink officially opened in November 2004.

charlie cohn Born and raised in Telluride, Charlie Cohn is an athletic 16 year-old who has been hooked on hockey since the age of five.

Thanks to the construction of the Andy Hanley Rink, a professional quality rink that provides a consistent venue for training and competition, Charlie can pursue his passion in college. “With the three additional months of skating time, the rink is giving me the opportunity to play at a higher level in college,” said Charlie.

Charlie is just one of many locals who enjoys the new, state-of-the-art rink. From

photo: Ben Knight

2004 annual report

Charlie Cohn, hockey enthusiast

hockey addicts, to figure skaters, to broom ball enthusiasts, the completion of the rink symbolizes a vision 10-years in the making.

“As Andy’s brother in law, mayor and hockey coach, I bring an unusual perspective. The rink truly touches upon all those elements. It reflects Andy’s legacy— his passion for kids and the community and it is a symbol of cooperation between a variety of organizations and government.

The rink provides a foundation for kids to make a bona fide commitment to skating,” said Davis Fansler, Mountain Village mayor.

John Pryor, mayor of Telluride, agrees whole-heartedly. “The construction of the Hanley rink is one of the greatest examples in Telluride’s history of collaboration and the power of working together. It’s a wonderful gathering spot and the ideal place for sport and competition. It’s been a very powerful thing to witness. I’m extremely proud to have been involved with the project,” said John.

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the hanley rink

i am aliv e

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the telluride foundation

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

the telluride medical capital fund The Telluride Medical Capital Fund was established by local community members in 2003, with the goal to expand the scope and sophistication of healthcare services in the Telluride Region. The Fund hosts an annual dinner and auction event called Operation F.E.A.S.T. (Fundraiser for Expanding and Supporting Telluride’s medical capabilities). Through the generosity of the attendees, Operation F.E.A.S.T. 2003 and 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 threatening condition—an aneurysm in his abdominal aorta, on the verge of rupturing. Because every second was critical, he was flown to Durango for emergency surgery where he remained in a drug-induced coma for 10 days.

When he finally woke up, he was confronted with a long and challenging road to recovery. “I had to retrain all of my muscles and learn to walk again. I couldn’t even lift my finger. I was just bone in the hide,” Senior recollected.

The doctors doubted that Senior would fully recover, walk again, or return to the high altitude environment of Telluride, a place he has called home for the past 73 years. But Senior defied all odds and after an intense, two-month rehabilitation that entailed 3-5 hours per day of physical therapy, Senior is happily back home in Telluride.

“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

photo: Ben Knight

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community grant guidelines applicant eligibility requirements The Telluride Foundation will consider grant applications from organizations that meet the following criteria:

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.

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.

grants committee

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.

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.

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community grant guidelines 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, strong board 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 their organizations and its projects. For example, diversity of other funding sources and community resources; number of diverse participants in the program, project, or organization, including local residents on their board.

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.

2004 annual report

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 offer 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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 community grants

Athletics & Sports 7% Youth 7%

Arts and Culture 28%

Environment/Animal Protection 9% Education 12%

Human Services 24%

Child Care 13%

arts & culture Ah Haa School for the Arts Children Programs and General Operating Support Lizard Head Theatre Company General Operating Support and Technical Assistance

$16,000

$5,500

Michael D. Palm Theater for PA (TSD) Technical Assistance $5,000 MountainFilm in Telluride General Operating Support and Technical Assistance OutLoud Lecture Series General Operating Support Sheridan Arts Foundation Young People’s Program SMC Public Library District #1 Final stage of the 70’s Project

$13,000 $3,000 $12,000 $1,500

Telluride Council for the Arts and Humanities Small Grants & Artist Fellowship Program Telluride Dance Academy Programs for Participants Ages 18 and Under

$10,000

$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 Chamber Music Association General Operating Support $8,000

Telluride Society for Jazz General Operating Support

$5,000

Telluride Choral Society General Operating Support

Telluride Writers Guild General Operating Support

$2,410

$8,000

Total

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$122,410

 community grants

child care Rainbow Preschool & Day Care Center Support for Scholarships, Enrichment Programs, and Quality Rating System Training $21,800

athletics/sports Telluride Adaptive Sports Program Volunteer 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 Club General Operating Support $4,000 Telluride Nordic Association General Operating Support Telluride Ski & Snowboard Club Financial Aid for Low-income Children and New Programming Costs Telluride Youth Lacrosse Association, Inc General Operating Support Total

$5,000

Telluride Early Childhood Center General Operating Support

$5,260

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 General Operating Support $25,000 Total

$12,500

$2,000 $32,400

2004 annual report

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$59,060

2004 community grants environment/ animal protection Animal Humane Society of Ouray County, Inc. San Miguel County Residents Spay & Neuter Program and General Operating $3,000

education

Atlas Arkology General Operating Support

$1,500

Green Rico Organization Support for Fundraising Efforts

$1,500

High West Council General Operating Support

$4,000

Paradox Valley School Afterschool Programs

Rocky Mountain Ark and Wildlife Center General Operating Support $10,000

$3,000

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

Pinhead Institute K-12 Biodiversity Education Program and Smithsonian Internship Program San Juan Field School San Juan Avalanche Education Program and support for planning the International Snow Science Workshop

$10,000

$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 General Operating Support

$5,000

Telluride Mountain School General Operating Support

$5,000

Total

Total

$51,500

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$37,500

the bright futures fund The Bright Futures Fund is established to improve the quality, affordability, and capacity of early childhood education and care for families in our community.

The Foundations’ initiative is a two-year School Readiness Project designed to better prepare their kids to enter the public school system at age-appropriate development.

Bright Futures has adopted the nationally recognized Parents As Teachers curriculum that recognize that parents are their children’s first and most influential teachers and that all young children and their families deserve the same opportunities to succeed, regardless of any demographic, geographic or economic considerations. It is a national model, but a local program.

The Foundation has raised over $130,000 to fund the School Readiness initiative, which launched in June 2004.

All contributions qualify for the federal charitable deduction and a 50%

sock. With this final scoop, her bean bag puppet is complete. The “bean game,” as Kaitlin calls it, is her favorite activity that she has learned from the Bright Futures School Readiness Initiative.

After just one year in the program, the Newport’s can truly see how the curriculum has helped Kaitlin progress and develop.

“She’s more advanced than other kids her age. She’s picking up things really quickly,” said Sharon.

Carol White, lead teacher for the Bright Futures Program, visits the Newports in their home every other week. During their sessions, Carol teaches Jim and Sharon activities including finger plays, rhymes, songs, and arts and crafts that are age-specific and directly tied to brain development.

“I’ve been doing child development for 20 years and Parents as Teachers is the best program I’ve ever seen.” said Carol.

Jim, Sharon and Kaitlin Newport, family participating in the Bright Futures School Readiness Project

Colorado state child care income tax credit. There are currently 45 kids participating from Paradox to the Mountain Village, and 25 kids on the waiting list.

jim, sharon, and kaitlin newport Kaitlin, a precocious two-year old with black silky hair and an irresistible smile, concentrates as she drops the last scoop of beans into a funnel which fall into a photo: Ben Knight

2004 annual report

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2004 community grants

human services Angel Baskets Support for Christmas Dinner Holistic Health Resources of the San Juans Alternative Care Assistance Fund for People Working or Living in San Miguel County

$4,000

$3,500

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

St Mary’s Hospital Foundation CareFlight Program Equipment for CareFlight

$5,000

Telluride AIDS BeneďŹ t Program Support

$4,500

Telluride Elks Lodge #692 Challenge Grant for General Operating Support

$2,000

Telluride Hospital District To Defray the Cost of Providing LowIncome Medical Care, Implement a Sliding Scale, and Spanish Language Training $20,000 Western Slope Rural Philanthropy Days General Operating Support $1,000

Midwestern Colorado Mental Health Center General Operating Support $5,000

Total

One to One General Operating Support

Girls Scouts of Chipeta Council Program Support

$25,000

youth

Horizon Program General Operating Support

San Miguel & Ouray Juvenile Diversion Program General Operating Support

$4,000

San Miguel Resource Center General Operating Support

$25,000

$4,000 $12,500

Telluride Academy Financial Aid for West End Youth, Hispanic Summer School Students and Academy Programs $12,500 Voyager Youth Programs General Operating Support Total

Grand Total

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$104,000

the telluride foundation

$3,500 $32,500

$439,370

Community Grants

$ 439,370

Good Neighbor Fund

$

25,234

Citizen of the Year

$

5,000

Donor Advised Funds

$ 376,890

2004 grant overview

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

98,137

$ 1,272,996

grant history

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2004 annual report

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2004 mountain village grants (a donor advised fund)

mountain village metro services 2004 grants* MountainFilm To Continue and Expand Major Presence of MOUNTAINFILM in the Mountain Village

$42,280

Pinhead Institute Funding to Host Smithsonian Encyclopedia of Life Symposia

$14,850

San Juan Field School Avalanche Education and Sense of Place Community Awareness

$1,800

San Miguel Educational Fund General Operating Support

$4,700

San Miguel Resource Center Support for the 2004 Chocolate Lover’s Fling Telluride AIDS Benefit Operating and Marketing Support of Fashion Show

$4,770

$9,850

Telluride Choral Society General Operating Support

$4,800

Telluride Council for the Arts and Humanities Support Beaux Arts Ball

$2,245

Telluride Dance Academy and Movement Center General Operating Support

$7,750

Telluride Film Festival To Continue and Expand Major Presence of Telluride Film Festival in the Mountain Village $72,945 Telluride Historical Museum General Operating Support; Resources for Museum Store; Mini-exhibit at San Sofia Nature Center $5,000

* Some grant totals include value-in-kind and cash

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2004 mountain village grants (a donor advised fund)

Telluride Medical Capital Fund BeneďŹ t To Raise Funds for Purchase of Computerized X-ray at TMC and a New Ambulance for MV Fire House $17,905 Telluride Ski & Snowboard Club Underwrite 14 Race Events 2004 Season Telluride Soccer Club Support 2004 Chili Cook-off in Mountain Village

$60,000

$2,500

Telluride Society for Jazz Presenting Sponsor for the Festival

$21,000

Telluride Wine Festival Enhance and Expand Presence in Mountain Village

$18,970

Wright Stuff Higher Education Programs in MV; Child Care Support at Prime Time Youth Care; ESL and GED Courses Total

$12,000 $303,365

town of mountain village 2004 grants The Horizon Program General Operating Support and Programs at the MV Boulder

$2,500

Midwest Colorado Mental Health Support Towards Emergency On-Call Service

$2,000

One to One General Operating Support

$5,000

Juvenile Diversion General Operating Support

$3,000

San Miguel Resource Center General Operating Support

$5,000

Telluride Adaptive Sports Program Support for Nordic and Cycling Clinics

$7,500

Total

2004 annual report

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$25,000

i a m connected

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the telluride foundation

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

latino initiative The Latino population in the Telluride region is an integral and growing part of our community and our workforce, yet these individuals and families have trouble accessing basic services and lack involvement in local activities. The Latino Initiative was established to celebrate the Latino culture and provide services and activities to integrate the Latino population into our community. A complimentary translation service and events including Papa Noel (a Hispanic Christmas Celebration), Hispanic Learn to Ski Day, and a Family Fiesta are just a few of the programs within the Latino Initiative.

“A lot of times we feel so far away from our homes. Events like Papa Noel bring us together and make us feel important.

It makes us feel more a part of the community.” martinez ortez

photo: Ben Knight

2004 annual report

javier, lorena, carla, and erica ortez In Oaxaca Mexico, Javier Ortez spent his days distributing water bottles to businesses while his wife Lorena, a talented seamstress, worked in a textile company. Life was difficult in Mexico as wages were extremely low. Dreaming of a better life for their two young daughters, Carla and Erica, they decided to leave their home. Four years ago, they moved to Telluride to be close to Lorena’s sister.

The Ortezes plan to stay in Telluride for the long term as it presents multiple opportunities for their children.

“In Mexico, I didn’t have the opportunity to learn to ski. Hispanic Ski Day gave my daughters and I the chance to learn. Now I have an idea of what skiing is all about which is important because we live at a ski area,” said Lorena.

Ursula Cristol, Spanish Outreach Coordinator for the Wilkinson Public Library, is a supporter of the Latino Initiative and has been instrumental in planning many of the events. “It’s really important for the Hispanic population to feel a part of the community, know that people respect and care about them, and want to share their traditions.

That’s key to achieve a future blend of both communities. The Latino Initiative is the first step,” said Ursula.

29

fund overview

Because every donor has different needs and values, the Telluride Foundation works with each interested donor individually to create a giving opportunity that is right for that person, family, or company.

Your gift to the Foundation can be made in many ways: 1 Unrestricted gifts which goes toward all of our work in the region including our community grant making 2 Restricted Gifts 3 Initiatives 4 Planned Gifts

30

the telluride foundation

fund overview

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) for four consecutive years.

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.

• Bridal Veil donors give $2,500 (or up to $9,999) for four consecutive years.

• First Tracks donors give $1,500 (or up to $2,499) for four consecutive years.

2004 annual report

31

fund overview 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

The Telluride Foundation currently manages the following Donor Advised Funds:

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 Foundation while the donor retains the explicit ability to advise the Foundation on distributions of grants for charitable purposes.

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.

32

the telluride foundation

fund overview

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 geographic 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 (see page 23).

• Good Neighbor Fund* assists San Miguel County residents who are experiencing financial hardship (see page 10).

• Land Conservation Fund supports open space preservation and watershed protection.

• Latino Initiative* supports programs that celebrate and integrate the Latino population into the Telluride community (see page 28).

• San Miguel Kids Endowment endows funds for kids and youth programs (ages 0-19).

• Telluride Medical Capital Fund improves and expands the scope and sophistication of regional medical capabilities (see page 16).

* Board initiatives

2004 annual report

33

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

i am watc hing

34

the telluride foundation

the telluride film festival 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 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

photo: Ben Knight

2004 annual report

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 endevor. As a part of their effort to make the Telluride Film Festival meaningful and alive in the community, they also utilized part of the grant money to start ‘Sundays at the Palm,’ a free, movie 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.”

35

gift ideas gifts of real estate

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.

Real estate in the form of a residence, vacation home, ranch, or land may have significantly appreciated in value through

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.

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.

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

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.

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.

bequest 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 Telluride Foundation and, in some cases, receive a substantial reduction in federal gift and estate taxes.

(See page 38 for more information)

36

the telluride foundation

The Telluride Foundation once again bestowed its prestigious Citizen of the Year award on a person within our region who exemplifies the determination, compassion and integrity needed to bring a beneficial public service program from dream to reality. The Telluride Foundation Board recognizes the importance of celebrating outstanding individual achievement within the non-profit networks that support and nurture the quality of life in the region. An outstanding pool of candidates were nominated by the community for consideration and each one of them is making a positive difference each day for those in need. photo: Ben Knight

2004 annual report

Lissa Margetts–Executive Director of the Rocky Mountain Ark and 2004 Citizen of the Year

Lissa Margetts stands on the frontline in an often unrecognized battlefront as an advocate for wildlife. Her resourceful nature, her passion for those in need, and her nearly three decades of work building the Rocky Mountain Ark animal refuge are a blueprint for special recognition from the selection committee. Her broad menu of educational programs centered on wild animals and the ecosystems they inhabit have reached over 100,000 children. She is building an awareness of our obligations to the natural world around us one young mind at a time.

37

citizen of the year

what is planned giving? life income 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.

Charitable giving affords you the unique ability to make your community what you envision it can be while preserving personal, family, or business wealth.

There are great opportunities to make a difference through a variety of giving vehicles to match your own unique situation. Consult a qualified counsel for advice about your own situation.

bequest by will 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.

Charitable Remainder Trust. Giving through a Charitable Remainder Trust allows you to receive income for the rest of your life, knowing that whatever remains will benefit your community.

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the telluride foundation

charitable giving benefits A long-time, resident, interested in giving back to the community, approached the Telluride Foundation to assist with his estate planning. He had invested wisely over the years; most of his investments had appreciated significantly and would be affected heavily by capital gains tax if he liquidated them. The Telluride Foundation suggested a charitable gift annuity (CGA) as an efficient and effective planned giving tool. The fixed income amount that he receives from the annuity is greater than the dividend income from his portfolio.

The gift annuity enabled him to fix and maximize his income while focusing and fulfilling his philanthropic interests.

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 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.

2004 annual report

Before CGA

After CGA

Capital Gain Basis $312,700

Capital Gain Basis $130,550

Capital Gain Tax (15% rate) $46,905

Capital Gain Tax (15% rate) $19,583 Charitable Deduction (15% rate) $28,050

CGA Capital Gains Tax Savings

$27,323

CGA Charitable Deduction (15% rate)

$28,050

Total Tax Savings for Donor

$55,373

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.

39

i am pr otecting

40

the telluride foundation

Pam Stewart-Maddox, Executive Director of the San Miguel Resource Center

san miguel resource center 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. photo: Ben Knight

2004 annual report

Thanks to the generous financial support of the Telluride Foundation thirty-nine trained Advocates staff the only twentyfour 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.

“The grant from the Telluride Foundation is particularly important 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

41

statement of ďŹ nancial position 2004

2003

assets Cash and cash equivalents

$

337,077

$

578,240

Investments (Notes 3)

$ 2,397,264

$

1,429,874

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

$

250

$

15,543

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

$

2,044,127

$

1,635,098

Other assets

$

33,717

$

11,304

$

10,000

Property and equipment, net (Note 6)

$

31,407

$

17,375

Total Assets

$ 4,843,842

$

3,697,434

Accounts payable

$

722,452

$

517,910

Accrued liabilities

$

29,231

$

22,882

Deferred income

$

4,860

$

350

Charitable gift annuity (Note 7)

$

129,980

Total Liabilities

$

886,523

$

541,142

Unrestricted

$

1,883,416

$

1,032,235

Temporarily restricted (Note 9)

$ 2,073,903

$

2,124,057

Net Assets

$

3,957,319

$

3,156,292

Total Liablilities And Net Asssets

$ 4,843,842

$

3,697,434

Note receivable (Note 5)

liabilities and net assets

—

Commitments and contingencies (Note 8)

net assets

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the telluride foundation

statement of activities 12.31.04 Temporarily Resticted

Total

864,186

$ 1,645,448

$ 2,509,634

107,566

—

107,566

Unrestricted

revenue, contributions, and support Individual contributions (Note 10)

$

In-kind contributions Dividend, interest and other income Total revenue, contributions and support

78,756

—

78,756

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 net assets released from restrictions

1,682,972

(1,682,972)

—

expenses Program Services Grants and assistance programs

1,454,879

—

1,454,879

119,237

—

119,237

1,574,116

—

1,574,116

Development

215,445

—

215,445

General and administrative

142,309

—

142,309

Total support services

357,754

—

357,754

1,931,870

—

1,931,870

Education and consulting Total program services Support Services

Total expenses Realized and unrealized investment gains/(losses) Change in net assets Net assets, beginning of year Net assets, end of year

49,571 851,181

(12,630) (50,154)

36,941 801,027

1,032,235

2,124,057

3,156,292

$ 1,883,416

$ 2,073,903

$ 3,957,319

2004 annual report

43

breakout of expenses These charts demonstrate the Foundation’s improved efďŹ ciencies in delivering program services (grants, education and capacity-building) to our community.

34% 66%

2001

28%

20%

72%

80%

2002

2003

supporting services

19% 81%

2004

program services

service area The Telluride Foundation serves people living and/or working in San Miguel County.

Delta

Montrose Ouray San Miguel telluride

Dolores

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the telluride foundation

our mission

i a m pr otecting

i am ready

i a m thr iving

i am watc hing

i am aliv e

i am conne cted

The Telluride Foundation is committed to preserving and enriching the quality of life of the residents, visitors, and workforce of the Telluride region. The Foundation does this by providing leadership in philanthropy, strengthening community groups, serving as a responsible steward for entrusted funds, and supporting activities that celebrate our unique community.

The values we hold are passion, leadership, excellence, fairness, teamwork, accountability and knowledge.

Paul Major CEO & President paul@telluridefoundation.org Annie Carlson Development Director annie@telluridefoundation.org Lorrie Mahoney Programs Manager lorrie@telluridefoundation.org

to reach us by mail or find us Telluride Foundation 620 Mountain Village Blvd, #2B Telluride, CO 81435

to reach us by phone 970.728.8717 fax 970.728.9007

to reach us on the web www.telluridefoundation.org

Designed by Proteus, www.proteusdesign.com Cover and feature photography by Ben Knight, knightphoto@gmail.com Landscape photography by Telluride Stock, www.telluridestock.com Paper donated by Monadnock Paper Mills, www.mpm.com