2020 FLOW RESTORED IN MILLIONS OF GALLONS2020 NUMBERS

These projects would not be possible without the help of our partners that generously contribute

water rights, time, capital, and support.

Alamosa River: 190.9

Boulder Creek/Blue River: 230.3Colorado River: 387.1

Hat Creek/East Brush Creek: 172.8Hermosa Creek: 14

Lower Yampa River: 81.4Maroon Creek: 280.8

Roaring Fork River: 74.3 Upper Yampa River: 325.8

Washington Gulch/Slate River: 82.1

*2020 flow data is provisional and subject to revision

Thank you for helping us restore

of Colorado’s rivers and streams.

DEAR FRIENDS OF COLORADO WATER TRUST This year, despite the many grave challenges, was one of the most productive and exciting for the Water Trust. In this update, you can read about our impressive 2020 successes. But I want to share with you another reason why I am so very proud to be the President of the Board of Directors of this powerful organization.

You know what this year was like for Colorado and I’m sure your life was altered by the pandemic in one way or another. The Water Trust felt the impact, too. However difficult, the team rose to the challenge — they adapted and innovated and showed just how resilient and creative they can be. The results in this update are proof.

Additionally, we have set ourselves up for an inspiring and productive 2021. We have a great deal to look forward to next year, especially, but not limited to:

our creative arrangement with the Grand Valley Water Users Association and Orchard Mesa Irrigation District for using hydropower capacity in the Grand Valley Power Plant, which allows us to help bring flows to the 15-Mile Reach of the Colorado River back up to a level that supports endangered fish;

installing infrastructure on the Little Cimarron River in the Gunnison to restore flow during critical times of need (also a project ten years in the making!), while, as part of the same project, launching a major study on the effects of split-season irrigation on high elevation agricultural operations, and;

the collaborative project on the Poudre River, which continues on the path to implementation (ten years in the making!).

In order to break ground on innovative concepts for river restoration that are years in the making, we hope you’ll consider continuing your support for the Water Trust in the year to come.

We can’t wait to share 2021 with you and thank you, thank you, for your 2020 contributions!

ANNE CASTLE | President, Board of Directors

2020 FINANCIALSUnaudited

COLORADO WATER TRUST

3264 Larimer Street, Suite D | Denver, Colorado 80205720.570.2897 | www.ColoradoWaterTrust.org

Jeff Abrams

Tom and Pam Acre

Dale Agger

Kyle Akin

Jeff Andersen

Donald Anderson

Susan Anderson

April Fund

Dennis Arbogast

Tanya Ariowitsch

Aspen Business Center Foundation

Jeff Attig

John Bartholow

Linda Bassi

William Battaglin

David Beaujon

Robert Beccard, Aqua Engineering, Inc

David Becher

Laura Belanger

Bradford Benning

Candace Benson

Barbara Biggs

Laurie Rink and Dan Birch

Katie Birch

Andrew Birkholz

Josh Boissevain

Bonneville Environmental Foundation

Parrish Boren

Jeffrey Boring and Emily Patterson

Brett Bovee and Lindsay Reynolds

David Bower

Jerome Brockway

Robert Brogden

Darrell Brown

Mike Brown

Stuart and Joanna Brown

Michael Browning and Frances Hartogh

Art and Roberta Bruchez

Paul Bruchez

Spencer Campbell

Joan Card

Brian M Carroll

John Carron and Traci Telander

Michael Carter

Anne Castle and Frank Daviess

Thomas Castle

Caterpillar Foundation

Sean Chambers

Sharon Clarke and Mark Lacy

Clif Bar Family Foundation

Carol Cochran

Judy and Mark Cole

Colorado Combined Campaign

Colorado Water Conservation Board

Colorado Watershed Assembly-Healthy Rivers

Fund

Community First Foundation

Community Shares of Colorado

Elizabeth Conover

Brad Coors

Joseph Costa

Cynthia Covell

Sean and Kim Cronin

Lurline Underbrink Curran

John and Teddy Ann Currier

Dana Dallavalle

Amy and Eric Daly

Bryce Daniels

Lisa Darling

Jenna Daucunas

John and Marsha Daughenbaugh

Alexandra L Davis

Richard Deem

Sara DeGroot

Theresa Desch

Brian Devine and Melissa May

Reed and Karen Dils

Michael Dino

Wade Dinsmore

Kathleen Doherty

Kathleen Doyle

Dan Drenckhahn

Amy Duggan

Jeannie Dunham

Jenine Ebersohl

Duncan T Eccleston

Nan Eckardt and Simon Tavener

Facebook

Lisa Feder-Feitel

Tom Feitel

Eli Feldman

David and Cheryl Fellows

Sam Fitch

Peter Fleming

Trish Flood

Wayne Forman

Carolyn Fortino

Jessica Foulis

Kent Fredrickson

Jon George

John Gerstle

Sarah and Judd Goldberg

Thomas Gougeon

Alyson Meyer Gould

Dave and Martha Graf

Great Divide Brewing Company

Green Waves Fund

Hillary Hamann

Erica Hamilton

Karen Hamilton

Carol Hansen

Richard Harris

Harris Water Engineering, Inc.

David L Harrison

Ed Harvey

Taylor Hawes

Collin Hiew

Deanna Hiew

Ryan Hilbig

David and Amy Hill

Eliza Hillhouse and William A. Hillhouse II

Gregory and Barbara Hobbs

Kathy Hoenig

Kevin Hollis

Jake Holtrop

David Hopkins

Horse and Dragon Brewing Co.

Corrine Houpt

Caroline and Thomas Hoyt

Ben Hrouda

Emily Hunt

James Hunt

Jennet Hunt

Nancy Hunt

Finnius Ingalls and Verita Perry

Diane and Reese Jameson

David Jankowski and Nancy Connick

Seth Jansen

Michelle Johnson

Janet Jones

Jeff Kahn

Julie and Bryan Kallenberger

Melinda Kassen

Linda Kemp

Walraven Ketellapper

Mary and Arnel Kimmett

Patti and Kevin Kinnear

Sarah Klahn

Jill Klancke

Richard Kloetzli

Geneva Kowalski

Teresa Krizman

David Kueter

Laffey McHugh Foundation

Laura Laffoon

Cindy & Robert LaGreca

Tony and Anna LaGreca

Jessica Lave

Kelly Lear

Jennifer Lee

Nancy Leibig

Mike and Michelle Lewellen

Chrystal Leyva

James and Margaret Lock

Brandy Logan

Linda Loughrey

Lyda Hill Philanthropies

Lawrence and Margo MacDonnell

Juan Roberto Madrid

Lindsey Marlow

Maynes, Bradford, Shipps and Sheftel

Kevin McAbee

Pete McBride

Molly McConnell

Melissa McCoy

We are grateful to the following individuals, foundations, corporations, and agencies for their generous financial contributions to Colorado Water Trust between January 1, 2020 and December 31, 2020. Their support makes our work possible.

Peggy McCoy

Dawn McKnight

Steven Menyhart

Matthew Merrill

Kay Meyer & Dan Gould

Edward and Alinda Michael

Sami Miller

Haley Mirr

Eric Mischnick

April Montgomery

Scott Mosiman

Lucy Murphy

Abby Murray

Namaste Foundation

Julia Nania

National Fish and Wildlife Foundation

Network for Good

Newton Family Fund

Peter Nichols

Lee O'Brien

Julie Ohara

Michael O'Hara

Mickey O'Hara

Colleen and Geoff O'Parkhill

Oreg Foundation

Mary Ott

Do and Jack Palma

Andrew Palmer

Richard Parachini

Laila Parker

Patagonia

The Payne Family

Gina Pedrett

Jacob E and Sadie Pelton

Bob Peters

Raymond and Catherine Petros

Paul Phillips and Susan Zimmermann

Jayla and Bret Poppleton

Poudre Sand Fund

Eddie Punch Bohn and Carol Hudak Bohn

Ruth and Ken Wright

Gene Reetz

Adam Reeves

Jeannette Reynolds

Ann Rhodes

Matt Rice

Robert Riker

Tim Ring

Matthew and Denise Rivera

Sarah Romero

In-Kind Donors Colorado Water Trust Tributaries (Monthly Donors)

Tom Romero II

Kelly Romero-Heaney

Matt Rooney and Andrea Torres

Julie Rosanova

Jeff and Diane Roth

Lee and Mary Rozaklis

Martha Rudolph and Bob Brown

Jennifer Russell

Kate Ryan

Nick Ryan

Christy and Chris Sanchez

Sanitas Brewing

Michael Sawyer

Andy Sayler

Michael Sayler and Lori Dietrich Sayler

Mollie Schreck

Andy Schultheiss

David and Nancy Schwenke

Chad Seahorn

Matthew and Anita L Seitz

Nicole Seltzer

Kevin and Elaine Shea

Marianne Sheldon

Jeff Shoemaker

John Shuler

Andy Simpson and Wendy Eder

Samantha Sitterley

Mike Smith

Nancy Smith

Zach Smith and Liz Scordato

Craig Sommers

Vince Sortman

Laurel Stadjuhar

Marilyn Starrett

Tim Steele and Inge La Cour

David Stiller

Allen Stokes

Lisa Stokes

Holly Storm and Rob Cobb

Lisa Strachan and Pat Nicholson

Tony and Randi Stroh

Gregory Sullivan

Brian Sundberg

Joe Szuszwalak Jr

Mr. David and Kim Taussig

Nancy Terrill

Jessica Terry

The Colorado Trust

The Denver Foundation

The Walton Family Foundation

Third Dune Productions

Tiffany Tom

Al Tucker

Brad Udall

Peter Van De Carr

Melissa van der Poel

Mary and Tom VanBerkel

Taylor VanBerkel

Barbara Vasquez

Leslie Volkar

David Wallace

Andrew and Rachael Walsh

Marcie Warner

Heather Waters

Scott Waters

Casey Weaver

Zoe and Brian Wedel

Brad Weinig and Anne Harrington

Robert Weiss

Curtis Weller

Jessica Welser

Brian Werner

Western Water Partnerships

Barney White

Kristin Whitten

2020 DONOR LIST

SILVER SPONSORS BRONZE SPONSORS

Bishop-Brogden Associates

Carlson, Hammond & Paddock

City of Thornton

Coalition to Keep Durango Rowdy

Colorado Parks and Wildlife

Former Board Member Ruth Wright

Holland & Hart

Holsinger Law, LLC

Conscience Bay Company

Davis Graham & Stubbs

Flywheel Capital

The Fellows Group LLC

Wingfoot Water Resources

THANK YOU TO OUR MANY AUCTION ITEM DONORS AND HARD-WORKING VOLUNTEERS!

FLOWING WATERS PARTNERSHIP

The Flowing Waters Partnership is a unique giving program for companies to give back to rivers and communities by supporting the work of Colorado Water Trust. Flowing Waters Partnership member’s contributions, combined with Colorado Water Trust’s experience in flow restoration, creates a powerful partnership. Together we are demonstrating that member organizations are part of the solution for healthy, flowing Colorado rivers and strong local communities. Thank you to our Flowing Waters Partnership members for another great year of support!

GOLD SPONSORSPLATINUM SPONSOR

GOLD SPONSORS

SILVER SPONSORS BRONZE SPONSORS

Aurora WaterScotts Roofing & SolarTri-State Generation & Transmission Association, Inc.

City of Boulder

Lyons Gaddis

Midfirst Bank

Northern Water

Porzak Browning & Bushong

Somach Simmons & Dunn

The Nature Conservancy

Wilson Water Group

2020 ANNUAL UPDATE

EXPENSES

Financials are presented in accordance with latest GAAP reporting requirements adopted in 2018

Program Services ($598,831)

Management ($219,304)

Fundraising Costs ($177,702)

Tyson and Ellen Williams

Thomas Williamsen

Erin Wilson

Justin and Courtney Wimbish

Laura Wing

Scott Wisor

James and Anne Witwer

Karen Wogsland and Linda Pratt

Woods Boss Brewing Company

Adam and Caroline Woolley

Wright Family Foundation

Wright-Hager Foundation

Kristina Wynne

Yampa River Fund

Yampa Valley Community Foundation

Taylor Ybarra

John and Kathleen Zaffore

William Zaki Robbins

Tyler Ziskin

PLATINUM SPONSOR

to

2020 NOTABLE PROJECT ACHIEVEMENTSYAMPA RIVER 2020 SUCCESS

Releases from Stagecoach Reservoir, at certain points during the fall, were able to hold off recreational closures on the river in Steamboat Springs and accounted for up to half of the river’s flows (our local partners also released water to support the river in 2020);

We implemented a new project on the lower Yampa River by leasing water from Elkhead Reservoir to boost flows in a critical reach of the river, home to endangered fish (supporting the decades-long effort to recover these endangered fish), and;

We employed the dollars from our first grant from the Yampa River Fund, a local funding mechanism aimed at supporting river projects in the long-term, to purchase and return water to the river.

POUDRE FLOWS 2020 SUCCESS

With the passing of House Bill 20-1037, a bill that provides direction for instream flow augmentation plans, the Poudre Flows’ innovative concept moved closer to reality, and;

The cities of Fort Collins, Greeley, and Thornton, which are

providing initial water supplies to the project’s pilot process, finalized offer letters and water delivery agreements that set the terms for protecting that water in the Cache la Poudre River.

15-MILE REACH 2020 SUCCESS

For the second consecutive year, we leased water from Ruedi Reservoir that flowed down the Fryingpan, Roaring Fork, and Colorado Rivers till it reached the Grand Valley Power Plant, to restore flow to the 15-Mile Reach. This effort supports populations of four endangered, native fish that spawn and travel through the Reach, and;

The 387 million gallons of water leased in 2020 was made possible by a collaboration of funders including Bonneville Environmental Foundation, Coors Seltzer, Coca Cola, and Intel Corporation.

LITTLE CIMARRON RIVER 2020 SUCCESS

We launched a major multiyear project in the Gunnison basin, where we’ll be partnering with Colorado State University, Trout Unlimited, and a ranch management company to study the impacts of split-season irrigation on a high elevation ranching operation.

200RiverBank

Participants in Net Revenue

$51,700Congratulations to Nancy Smith and The Nature Conservancy for winning the David Getches Flowing Waters Award for her incredible leadership in bringing to life the Yampa River Fund.

My favorite project is the Stagecoach Reservoir release project in the Yampa Basin. The Water Trust helps ensure some water is released to help alleviate any stress in low water years. We love our wild river but a slight help for resiliency is appreciated. I am also a part of the Yampa River Fund and working with CWT to help get these releases to happen started this year, it has been a great process.

Lindsey MarlowFriends of the Yampa & Yampa River Fund

The Colorado Water Trust is one of our most valued partners. Not only do they get the job done, they’re smart, creative, and fun to work with!

Linda BassiColorado Water Conservation Board

Albeit different, we still had a great deal of fun with our week-long virtual RiverBank event in September. It was wonderful to have participants from all across the state. Thank you to our sponsors, silent auction item donors, and everyone who made RiverBank so special this year!

24Sponsors

VIRTUAL RIVERBANK 2020

Our 2020 RiverBank fundraiser was a grand success, raising $51,700 for our work to restore flows to Colorado’s rivers in need. A special thank you to our 2020 sponsors.

December 31, 2020

ASSETS

CURRENT ASSETS

Cash and cash equivalents

Accounts, grants and pledges receivable

Total Current Assets

OTHER ASSETS

Water rights

Fixed Assets

Total Other Assets

Total Assets

LIABILITIES AND NET ASSETS

LIABILITIES

Accounts payable

Payroll Liabilities

Total Liabilities

NET ASSETS(unrestricted)

Operating

Donor Restricted Net Assets

Total Equity

TOTAL LIABILITIES AND EQUITY

December 31, 2020

REVENUE

Contributions

Foundations and Nonprofit Organizations

Government and Government Agencies

Revenue from other sources

Special Events Income

Less: direct event expenses

Release from Temporary Restriction

Total Revenue

EXPENDITURES

Program services

Management and General

Fundraising

Total Expenditures

Change in net assets

Net assets, beginning of year

Net assets, end of year

TOTALUNRESTRICTED

$101,107

$217,538

$132,026

$107,385

$63,210

($12,020)

$597,132

$1,214,537

$598,831

$219,304 $219,304

$990,837

$223,700 ($311,265)

$959,000

2020

$1,334,303

$68,098

$1,402,401

$684,650

$2,340

$686,990

$2,115,361

$19,096 $28,217

$47,313

$1,182,700

$885,348

TOTAL

$151,307

$398,205

$192,026

$107,385

$63,210

($12,020)

($0)

$908,272

$598,831

$995,837

$87,565

DONORRESTRICTED

$50,200

$180,667

$60,000

$0

$0

—

($597,132)

($306,265)

—

—

$5,000 $172,702 $177,702

$5,000

$1,196,613 $2,155,613

$1,182,700 $885,348 $2,068,047

$2,068,047

$2,115,361

STATEMENT OF FINANCIAL POSITION STATEMENT OF ACTIVITIES

OVER 50 PEOPLE COMPETED IN OUR FACEBOOK RIVERBANK OLYMPICS GROUP FOR PRIZES — HERE ARE SOME HIGHLIGHTS

We launched a new program this year for those who wish to leave a lasting legacy for the life-sustaining rivers of Colorado. Long-time donors and supporters are signing up to leave their mark on Colorado’s rivers and the livelihoods of our communities for the years to come.

Forever Flows Society members receive exclusive benefits and have options for how they wish to designate their gift. We look forward to when this community can gather in person and share in our collective love of Colorado’s rivers.

For more information, visit: ColoradoWaterTrust.org/Forever-Flows-Society

Human lifetimes are limited. The value and beauty of healthy streams are forever. Please leave a legacy to help protect them even after you are gone.

Michael Browning

Colorado Water Trust Founder, former Board Member, and Forever Flows Society member. Founding partner of Porzak Browning & Bushong LLP