annual report 2007 final

makemorepossible

2007 Annual Report

Table of Contents

Letter from the Co-Chairmen 3

Local Health Care Initiative 4

Bright Futures 7

One to One Quest Scholarship 8

New Naturita Library 11

OneTelluride 12

Wilson Peak Access Preservation 15

Board of Directors 16

Donors 18

Strengthening the Community 20

Most Recently We Have 23

Community Grants 25

Gifts 28

Funds 32

Forever Telluride 36

Investments 39

Statement of Financial Position 40

Expense Trend & Service Area 43

Mission Statement 44

The TellurideFoundation �

At the Telluride Foundation, there are three critical things we do: make cash grants

to regional nonprofits and community groups; work with nonprofits to improve their

efficiency and build their capacity; and develop and manage initiatives that address

unmet and emerging needs. We accomplish this with a single goal in mind - maximizing

the impact of our donors’ gifts to serve our mission of “improving the quality of life for

residents, guests and the workforce of Telluride.”

The generosity of our donors and the great work of our community

groups have helped us make impressive progress over the past eight

years. During that time our total grants have exceeded $10 million.

In 2007, we awarded the largest amount in our history to local community groups

– over $2.4 million. Through board-driven “Special Initiative” grants, we approved over

$450,000 for three exceptional projects in 2007: the San Miguel Resource Center

to purchase permanent office space; the Trust for Public Lands for acquisition of a

conservation easement to re-open public access to Mt. Wilson; and an Alternative

Futures Study of the region to provide fact-based information on long-term economic,

ecological and community impacts of current and projected trends.

Amazingly, the Foundation achieves this and more without an endowment. Instead, we

raise money every year from our local residents, second homeowners and visitors. We

invest those gifts in programs and projects that demonstrate real outcomes and impacts.

One of the key indicators of a nonprofit’s efficiency is the ratio of what it spends directly

on its mission to what it spends supporting that mission. For the Telluride Foundation,

this is measured by the amount of every dollar spent on grants, initiatives and capacity

building efforts versus administration and fundraising. The Foundation’s 89% ratio of

program to supporting expenses compares favorably to such esteemed nonprofits as

Habitat for Humanity (78%), The Nature Conservancy (79%), Mile High United Way,

Denver (82%), Animal Humane Society (76%) and NPR (78%), to name a few.

On behalf of the Board of Directors, we extend a warm thanks to all our generous donors

and community groups that make Telluride such a special place.

Sincerely yours,

Dear Telluride,

Make More possible

Mark Dalton Co-ChairmanTelluride Foundation

H. Norman Schwarzkopf Co-ChairmanTelluride FoundationRetired, US Army General

The TellurideFoundation�

proviDe

180 children have been screened and treated since the inception of the cavity prevention program in July 2007.

Daniela Garcia, a precocious 6 year–old girl, who loves to giggle, play

with her friends and finger paint, has a beautiful and healthy smile.

However, Daniela’s smile wasn’t always so bright due to a mouth full of

cavities and cracked fillings. Daniela’s mother Minerva could not afford

to bring her to a dentist even though Daniela complained of the pain.

That all changed with the launch of the San Juan Kids Cavity

Prevention Program—a mobile dental clinic that provides free or

reduced rates for dental hygiene screenings.

“It was so hard to hear my daughter complain about pain in her mouth

and not be able to afford a visit to the dentist. This program means so

much to my family, and I am so grateful. Daniela’s cavities are fixed,

and we learned about proper oral hygiene to prevent additional ones

in the future.”

Established with a $300,000 three-year grant from the Colorado Health Foundation,

the Local Health Care Initiative identifies and develops solutions to urgent and

practical healthcare needs to improve the health of the residents of San Miguel,

Ouray and Western Montrose counties.

The initial programs established include a healthcare services directory, medical

transportation service, tobacco education and prevention program, CPR/public

AED program and training, Latino Preventive Healthcare Fund, San Juan Kids Cavity

Prevention Program and entitlement enrollment program.

In just the first three months, 81 people utilized the complimentary, non-emergency

medical transportation service to physician offices, hospitals and dentists.

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local Health Care initiative

Minerva and Daniela Garcia

The TellurideFoundation 7

NurTure

$1 invested in early childhood development returns $7 in increased

wages, reduced crime and other societal benefits.

For the past 26 years Elaine Fischer has given back to the Telluride

community as a Telluride Town Council member, Mayor, Chair Person

of the Historical Architecture Review Committee (HARC) and is now

serving as County Commissioner.

Through her political involvement, Elaine is very in tune with important

and pressing issues on a local and national level such as child care and

early childhood development.

“Children in the U.S. aren’t receiving adequate education and training

in order to compete in our global economy. I’m a strong proponent of

developing initiatives that focus on early childhood development that

will give our children a head start and ultimately build a highly skilled

and educated workforce.”

The Bright Futures Initiative focuses on several critical areas that promote early

childhood development including child care quality improvement, specialized training

for child care providers, a resource and referral system to help parents find quality

child care in the region, and a Parents as Teachers Program, which provides family

outreach through home visits.

In conjunction with the Bright Futures Initiative, the second annual Economic Summit

on Early Childhood Investment will be held in Telluride in September 2008. Business

leaders, noted economists and scholars will convene to strategize on developing

policies and practices that make the successful development of children the top

economic priority of the U.S., ultimately generating a more productive workforce and

enhancing the nation’s economic success in terms of GDP and job growth.

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bright Futures

County Commissioner Elaine Fischer

The TellurideFoundation8

iNspire

adults with a bachelor’s degree nearly double their earning potential.

Thanks to a scholarship from the One to One Quest Scholarship

program, Vanessa Northurup’s dream of going to college to pursue a

degree in business management has become a reality.

Vanessa, who has lived in Telluride and participated in One to One

since she was 8 years old, is now a freshman at Fort Lewis College in

Durango. Without the financial assistance from the One to One Quest

Scholarship, college wouldn’t have been possible.

“I’m the first member in my family to go to college. I want to be

a positive role model for my brother, and I hope he follows in

my footsteps as having a college degree creates so many more

opportunities and will have a tremendous impact on my future.”

One to One provides mentoring experiences for children, ages 5-17, in San Miguel

County and addresses multiple issues for the under-privileged children in our region

including crossing language and cultural barriers, providing an extended family and

networking families into community resources. As children become involved with a

mentor, they are less likely to drop out of school or be involved with drugs or alcohol.

The Quest Scholarship program was established in 2007 by an endowment from Bill

and Debbie Carstens.

The Quest Scholarship program, a new component of One to One, provides full, four-

year college scholarships to exceptional local children who wouldn’t have the means

to attend college without financial assistance.

The Quest program targets potential scholarship recipients as early as middle school

to ensure they stay on the right track for a college degree.

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one to one Quest scholarship program

Vanessa Northurup


eNriCH

Susan Rice

Naturita’s per capita income is $1�,867 which

equates to 57% of the state average.

When Susan Rice, Program Coordinator, opens the doors to the

new Naturita Library for the first time, she will beam from ear to ear,

knowing it will usher in a brighter future for a community that has

struggled for many years.

“The new library will have a profound affect on our community.

Naturita is isolated more than geographically and the library gives

opportunity to open the door to the world of information and ideas.

Our library fosters interest in lifelong learning and is dedicated to

enriching the quality of our community by creating an educational

environment.”

In December 2007, the Telluride Foundation granted $80,000 from its Special

Initiatives Fund to the New Naturita Library to complete the final phase of

construction. Telluride Foundation funds were matched by area residents through

a property tax increase approved by 80 percent of Naturita voters; the Montrose

Regional Library District contributed $150,000 while residents and businesses

contributed $60,000 towards the project.

Prior to the 1980s, the economy of Naturita was fueled by uranium mining. Since

the collapse of the uranium industry, Naturita has faced economic challenges due

to the lack of sustainable industry and its remote location. There are very few jobs

in Naturita—the majority of the population commutes to Telluride to work service

industry jobs.

The current Naturita library, serving approximately 1,000 residents in Naturita and

surrounding areas, is only 500 square feet. The new 4,000 square-foot building will

enable a dramatically expanded collection of books and increased programming for

children and adults and serve as a “town common” or community center.

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The New Naturita library


eNable

english language skills acquisition for immigrants is directly tied to upward economic mobility.

After a two-year stint in Columbia, South America, long-time local

Don Mitchell knows firsthand the challenges associated with learning a

second language. A teacher for the past 15 years, Mitchell is utilizing his

classroom expertise and recent life experience in his new position as

Language Services Coordinator for OneTelluride.

With a burgeoning immigrant population, Mitchell is hard at work

reestablishing ESL adult classes, planning informal conversation groups

and launching a family literacy program through the Wilkinson Library,

just to name a few.

“The primary focus of the language services program is to increase

the number and ability of English as second language speakers

in the community as well as to nurture more effective two-way

communication in the community.”

Funded by a substantial grant from the Colorado Trust and contributions from towns

of Mountain Village and Telluride, San Miguel County and Telluride Mountain Village

Owners Association. OneTelluride is an initiative established to better integrate its

immigrant population.

OneTelluride focuses on finding solutions to immigrant challenges in six areas—health

care, business and employment, law enforcement, housing and transportation,

culture, community and education.

ESL classes, an interpretation/translation services and cultural outreach programs

are currently offered through OneTelluride with the ultimate goal of establishing a

cultural resource center.

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oneTelluride

Don Mitchell


proTeCT

Sheryl Tishman

over 500,000 people climb Colorado’s 5�

“1�ers” annually.

When Sheryl Tishman, her husband Dan and two sons discovered

Telluride 12 years ago, she immediately fell in love with the active and

environmentally aware community as well as the grandeur of the San

Juan Mountains. They have been part-time residents ever since.

Sheryl, an outdoor enthusiast, has been dedicated to land conservation

causes for many years and was a strong proponent of restoring public

access to the Wilson range through Silver Pick Basin.

“Climbing Mt. Wilson is a truly unique and unforgettable experience

that all avid hikers should be able to enjoy without worrying about

access issues.”

“Too many places, especially in the west, have fallen victim to some

level of environmental degradation. I grew up in a rural environment

and I think that protection of natural ecosystems and wilderness areas

are essential for not only our health but that of our planet.”

With a $150,000 Special Initiative grant from the Telluride Foundation, the Trust for

Public Land purchased a critical 220-acre parcel in Silver Pick Basin, west of Telluride.

Conservation of this 220-acre parcel was imperative as the landowner had blocked

the best access to three 14,000-foot peaks in the Wilson Range for several years and

had plans to conduct mining operations on the land.

The Trust for Public Land conveyed the Mt. Wilson-Silver Pick property to the U.S.

Forest Service for permanent conservation, preventing mineral development and

restoring access to Mt. Wilson, Wilson Peak and El Diente.

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Wilson peak access preservation


board of Directors

True leaders earn this responsibility with strength of character, hard work and compassion for those who empower them with their trust.

The Telluride Foundation is honored to count these individuals among its Board of Directors:

General H. Norman Schwarzkopf Retired US Army General, Co-Chairman

Mark Dalton President, Tudor Investment Corporation, Co-Chairman

Ron Allred Former Chairman, Telluride Ski & Golf Co.

Mike Armstrong Former Chairman & CEO, AT&T

Ed Barlow Senior Partner, Whatcom Partners

Lynne Beck Finance Director, Town of Telluride

Richard Betts Owner, ASAP Accounting & Payroll

Harmon Brown Retired, Restaurateur

Joanne Corzine Developer, West Meadows

Kim Day Retired, Private Investor

Bob Delves Mayor, Town of Mountain Village

Elaine Fischer Commissioner, San Miguel County

Stu Fraser Mayor, Town of Telluride

Bunny Freidus Community Activist

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

Tom Hill Vice Chairman, Blackstone

Kevin Holbrook Realtor, Peaks Real Estate

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

Chuck Horning Principle, Telluride Ski & Golf Resort

Paul Major President & CEO, Telluride Foundation

Tricia Maxon President, Community Banks of Colorado, Telluride

Melanie Montoya Community Activist

Brian O’Neill Realtor, Telluride Properties

George Parker Attorney, Bracewell & Giuliani

Dick Rodgers President, Telluride Wells Fargo Bank

Mary Rubadeau Superintendent, Telluride School District

Susan Saint James Actress, Special Olympics Board Member

Ed Sheridan Retired, Private Investor

Bob Trenary Retired, Private Investor

Sheila Wald Community Activist

Stephen Wald Retired, Private Investor

leaD



our donors are the heart of the Telluride Foundation and as such, the heart of our regional community. For this we are sincerely appreciative.

Friends of Telluride

Ron & Joyce Allred

Alpine Bank

Curt & Libba Anderson

Mike & Anne Armstrong

Bank of Telluride/US Bank

Ed & Frances Barlow

Barney & Carol Barnett

Marc & Sharen Berman

Darren & Julie Blanton

Kevin & Mary Grace Burke

John & Alice Butler

Paul & Joann Claeyssens

Community Banks of Colorado

Charles & Nancy Conner

Brian and Karen Conway

Cornerstone

Ms. Joanne Corzine

Mark & Susan Dalton

Kim & Kim Day

Dick Ebersol & Susan Saint James

Bruce & Bridgitt Evans

Davis & Bobsey Fansler

Tully & Elise Friedman

Bill & Debra Gershen

Ted Herrick

Tom & Janine Hill

Chuck Horning

James Johnson

Michael & Rebecca Jusbasche

Ron Kurucz

Paula Malone

Marty & Tristin Mannion

Fletcher & Liz McCusker

Daniel & Brooke Neidich

George & Julie Parker

The Peaks

Steven Plofker & Bobbi Brown

Lee & Artie Richards

Barbara Parish & Gary Roberts

Bob & Winnie Roloson

Stuart & Valarie Ross

Henry & Susan Samueli

Richard & Barbara Schell

H. Norman & Brenda Schwarzkopf

Nelson & Sharon Sharp

Edward & Darenda Sheridan

Martin & Marlene Silver

Pamela H. Smith

Patricia Sullivan

Telluride Sports

Dan and Sheryl Tishman

Robert & Jane Trenary

Bill & Janet Urbach

Stephen & Shiela Wald

John & JoAnn Weisel

Jim & Sheila Wells

Mollye Wolahan

Gold Hill

Paul & Tina Allaire

Erin Amini & Walter Wright

Mike & Ashley Bradley

Paolo & Carmela Canclini La Piazza Ristorante

Bob & Jenny Delves

Bill Fandel

Jeffrey & Debra Resnick

John & Laura Shields

Lary & Sally Simpson

Norma Upshur & Jeff Farmer

Bruce & Laura Van Wagner

Harlan & Carol Waksal

Bill & Gail White

Bridal Veil

Keith & Linda Beaty

A. MacDonald & Ellen Caputo

Mr. and Mrs. John Mike M. Cohen

Roy & Diana Conovitz

Robert Dempsey & Suzanne Dahl

Stephen Farish III

Charles & Barbara Ferguson

Bunny Freidus & John Steel

Hank & Carol Hintermeister

Thomas Hoeller &. Lisa Ungar-Hoeller

Richard Holbrooke & Kati Marton

Donald Hootstein & Belinda Walters

Fairmont Heritage Place

Franz Klammer Lodge

John & Lulu Hunt Jr.

John & Victoria Irwin

Jim Jenkins

Lawrence & Meg Kasdan

Bill & Lucy Kingsford

Casey & Megan McManemin

Brian & Hilaree O’Neill

Don & Nancy Orr

John & Terri Prunskis

Lawrence & Joy Ramaekers

Richard & Linda Rodgers

Mark Rosenthal & Shoshannah Pollack

Mr. Mickey Salloway

James & Judy Singleton

Lynne Tryon Smalley

Dawn Taylor

John Temple & Judith Gittinger

David & Julie Vaughn

Tom & Eppi Waldin

Wells Fargo

Erving & Joyce Wolf

Jack & Janet Wolinetz

First Tracks

Michael & Jane Badger

John & Beverly Baker

Richard Betts

Charles & Virginia Bowden

Gary & Ilona Cantor

Lars & Annie Carlson

Rosie Cusack

Andrew & Ziva Dahl

Neal & Karla Elinoff

Erik & JosephineFallenius

John & Ellen Grimes

Matthew Hintermeister

Kevin & Kristin Holbrook

Maynard Howe & Maureen Pechacek-Howe

Peter Jamar

Betsy Lindsay

Paul & Lois Major

John & Lori Perpar

Ock & Joanie Peterson

Jock & Ellen Pillsbury

Michael & Marilyn Ratner

Carl & Francesca Rehnborg

Frank & Bee Reichel

John & Carolyn Snow

Harley & Sheryl Tropin

Robyn Dinwoodie Wolf

Patrons

Carol & Neal Armstrong

Mike & Ashley Bradley

Stuart & Joanna Brown

Charles & Sue Cobb

Tracey Esherick

Stephanie Fanos

Kathleen Fisher

Mikey Herring & Jim Phelps

John & Sandra Horvitz

Ken & Pat Krueger

Las Montanas

Vincent & Anne Mai

Art & Paige Nagle

The Mountain Lodge at Telluride

Andrew & Debra Rachleff

Jonathan & Rebecca Radford

Mary & Bob Rubadeau

Ron & Fran Schwarz

Steve Stagner & Lisa Anderson

Jonathan & Tiffany Sweet

Richard & Anna Teerlink

Peter Welles

Joseph Wood

Aleta & Paul Zoidis

*Donors as of 12/31/07

Donors

Your generosity and commitment allow the Foundation to do its work to support, nurture, champion and advocate for the Telluride regional community.

These individuals and companies help to make more possible:

Your generosity has enabled over $100,000 in

medical assistance through the Good Neighbor Fund.



Developed the Bright Futures Early Childhood Development Initiative to assist parents

and their children (ages 0-5 years) who are at risk of entering school lacking age-

appropriate development skills.

Received a five year $350,000 Equality in Health Care Grant to increase health care

competency and capacity for the Hispanic/Latino communities in San Miguel and West

Montrose counties.

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up liFT

Strengthened local nonprofits’ skills by providing seminars and workshops

in grant writing, accounting, scholarships and board development.

Developed new sources of funding for the region resulting in grants of over

$1,000,000 to the Telluride Foundation from private grant making foundations.

Funded a new CT scan, computerized radiology, conversion from paper to digital

medical records and a replacement x-ray for the Telluride Medical Center.

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How We strengthen The Community

The TellurideFoundation 2�

Granted the largest amount ever in 2007 to local community and

non-profits groups.

Approved three new “Special Initiative” grants for over $450,000

including funding the San Miguel Resource Center to purchase

permanent office space; the Trust for Public Land to acquire a

conservation easement to re-open public access to Mt. Wilson;

and an Alternative Futures Study of the region to provide fact-

based information on long-term economics, ecological and

community impacts.

Received a four-year $300,000 grant from the Colorado Trust

for the purpose of immigrant integration. This initiative, called

OneTelluride, is based on a comprehensive community planning

process and will include an immigrant resource office, English

language acquisition programs and adult literacy programs.

Received a three year $285,000 grant from the Caring for Colorado

Foundation to provide children, ages 2-12, with an oral health

program. Of the 1,800 children in the region, many have never

seen a dentist and this program will bring a complete oral health

program to their schools.

Expanded our early childhood efforts to include a national

conference co-hosted with the Pew Charitable Trust called the

Telluride Economic Summit on Early Childhood Investment. It was

the first ever conference to focus on the underlaying economics of

investment in early childhood. Speakers at the Summit included the

Governors of Colorado, Montana and Kansas, the Lt. Governor of

Colorado and the Mayor of Denver to name a few.

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Most recently We Have

our ratio of program vs. supporting expenses is 89%,

a proud achievement in the nonprofit world, which

averages 78.6%.

elevaTe


Community Grants

in just seven years, the Telluride Foundation has distributed over $�.6 million in community grants to more than 100 nonprofit organizations in the community.

Community grants are funded by our generous donors and awarded by our board of Directors through a competitive grant process.

Breakdown & Type of Organizations

Awarded 2007 Grants

Human Services 23%

Arts & Culture 22%

Athletics & Sports 8%

Early Childhood 18%

Education 19%

Environment & Animal Protection 10%

Grant History

Over $10.1 million in grants distributed in seven years.

Dollar Amounts are in Millions

(Represents community grants and donor restricted grants.)

01 0702 03 04 05 06

$0

.7 $0

.8

$1.1 $

1.25

$1.

8

$2.2

1

$2

.47



Norwood/Redvale Ambulance $4,500

Telluride Writers Guild $4,200

San Miguel Basin Gunnison Sage Grouse Working Group $4,000

San Juan Riding Program $4,000

Ridgway Schools $3,500

Sparky Productions $3,000

San Juan Field School $3,000

Holistic Health Resources of the San Juans $3,000

Dolores County Senior Services $3,000

Colorado Avalanche Information Center $3,000

San Miguel County Nursing Services $2,800

Weehawken Art Center $2,500

Top of the Pines $2,000

Telluride Youth Lacrosse Association, Inc $2,000

Wright Stuff Foundation/ Prime Time Child Care $40,000

San Miguel Resource Center $34,000

One to One $30,000

Bright Futures for Children and Families $30,000

Uncompahgre Medical Center $26,000

Telluride Education Foundation $24,000

Rainbow Preschool & Day Care Center $22,000

Telluride Early Childhood Center $20,000

Sheridan Arts Foundation $20,000

Telluride Council for the Arts and Humanities $19,000

MountainFilm in Telluride $19,000

Telluride Repertory Theatre Company $18,000

Telluride Film Festival $18,000

Telluride Academy $18,000

Ah Haa School for the Arts $18,000

Telluride Ski & Snowboard Club $17,000

Michael D. Palm Theater for PA (TSD) $17,000

Telluride Adaptive Sports Program $15,000

San Miguel Open Space Commission $15,000

New Community Coaltion $15,000

Telluride Society for Jazz $14,000

Pinhead Institute $14,000

Telluride Institute $13,500

Telluride Medical Center $12,500

Midwestern Colorado Mental Health Center $12,500

Horizon Program $12,500

Telluride Historical Museum $12,000

Voyager Youth Programs $10,000

University Centers of the San Miguel $10,000

Telluride Dance Academy $10,000

Telluride Choral Society $10,000

San Miguel Juvenile Diversion $10,000

San Miguel Educational Fund - KOTO $10,000

Mountain Sprouts Preschool $10,000

Telluride Youth Soccer $9,100

Telluride Community Television $9,000

Montrose County Health and Human Services $9,000

Telluride Lizard Heads Hockey Club $8,000

Telluride Chamber Music Association $8,000

San Miguel Watershed Coalition $8,000

Paradox Valley School $8,000

Community Grants

Through the generous support of our donors, we’ve made a real impact on childcare, education, health services, the environment and the arts.

Naturita Elementary School $8,000

Mountain Munchkins Daycare $8,000

Tomten Institute $7,500

Habitat for Humanities Steering Committee $7,500

Animal Humane Society of Ouray County, Inc. $7,500

Telluride Preschool $7,000

Telluride Nordic Association $7,000

Montrose County Senior Citizens Transportation, Inc $7,000

Telluride AIDS Benefit $6,700

Hilltop Community Resources, Inc $6,000

Trust for Land Restoration $5,000

The Nature Conservancy $5,000

Angel Baskets $5,000

Telluride Montessori School $4,500

The Telluride Foundation funds are a validation of not just what we do but

how we are striving to improve the community in a thousand different ways.

Telluride Music Fest $2,000

Nucla -Naturita Senior Citizens Inc. $2,000

Montezuma Land Conservancy $2,000

Girl Scouts of Colorado $1,500

OutLoud Lecture Series $1,000

Telluride Mountain School $1,000

Rimrocker Historical Society $1,000

Grand Total $801,800


The Telluride Foundation does not have an endowment. it’s strategy is to address issues and support the community with today’s dollars.

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 pages 18-19) 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 a minimum of

$100,000 over four consecutive years.

Gold Hill donors give a minimum of $40,000 over

four consecutive years.

Bridal Veil donors give a minimum of $10,000 over

four consecutive years.

First Tracks donors give a minimum of $6,000

over four consecutive years.

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Restricted Gifts

The Telluride Foundation has the following types

of restricted funds:

Donor Advised Funds

Designated Funds

Field of Interest Funds

For each of these funds, the Telluride Foundation

provides donors with regular fund statements,

access to the expertise of Foundation staff,

professional management and investment of fund

monies and increased knowledge of the Telluride

community’s needs.

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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.

Gifts

supporT

The TellurideFoundation �1

Gift ideas

as you review your tax planning, especially at year-end, we hope you will consider making good use of the income tax charitable deduction. Here is an overview of some of the best gift ideas, all of which can be used for an unrestricted gift or to start a fund at the Foundation.

Cash

Gifts of cash to the Foundation can be made by

check or credit card (when itemized, such outright

cash gifts are generally deductible up to 50% of

adjusted gross income). If the donor’s total gifts

should exceed the limitation, the excess may be

carried forward for tax purposes for up to five

additional years.

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 its sale

would generate a sizeable capital gains tax. By

making a gift of property, the donor avoids the

capital gains tax and receives a charitable deduction

for the full fair market value of the property.

Gifts of Stock

Giving long-term appreciated stock offers a two-

fold tax savings. First the donor avoids paying any

capital gains tax on the increase in value of their

stock. In addition the donor receives a tax deduction

for the full fair market value of the stock on the date

of the gift. For income tax purposes the value of

such gifts may be deducted up to 30% of adjusted

gross income with an additional five-year carry

forward. The Telluride Foundation reserves the right

to review stock gifts.

Planned Giving

Charitable giving affords you the unique ability to

make your community what you envision it to be

while preserving personal, family or business wealth.

There are great opportunities to make a difference

through a variety of giving vehicles to match your

own unique situation. Consult a qualified counsel for

advice about your own situation.

Bequest

Including a charitable bequest in your will is

a simple way to make a lasting gift to your

community. When you make this gift through the

Telluride Foundation, we establish a special fund

that 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 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 and

be a part of Forever Telluride

Give

The TellurideFoundation�2

The TellurideFoundation ��

Funds

a donor advised fund operates like a private foundation without the administrative burden. We’ve made it a family affair.

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 nonprofit organizations

from their fund — without the time, paperwork and administrative expense of running their own foundation.

A Donor Advised Fund allows the donor to focus on charitable giving, while we handle the administrative

work. Additionally, with a Donor Advised Fund, the donor is able to take an immediate tax deduction for full

market value of appreciated assets and avoid capital gains tax. This fund can be established as an endowed

fund (to remain in perpetuity) or as an expendable fund (to be spent down over a specified number of

years). A Donor Advised Fund is an irrevocable gift to the Foundation while the donor retains the explicit

ability to advise the Foundation on distributions of grants for charitable purposes.

The Telluride Foundation currently manages the following Donor Advised Funds:

Anne’s Rainbow Skate Fund

The Benchmark Fund

The Monika Callard Fund

Habitat for Humanity

•

•

•

•

Andy Hanley Recreation Fund

The Hoot Fund

The Knox Fund

The McManemin Family Fund

•

•

•

•

The Ned & Diane Powell Fund

The Price Family Fund

Telluride Association of Realtors

Town of Mountain Village

•

•

•

•

Designated Funds

Donors can create a fund to benefit a specific nonprofit 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 pass-through fund. 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 eight Field of Interest Funds (four of which are Board Initiatives). These

funds are established to raise money and pool investments to address the needs of a specific charitable

cause or geographic area. To establish a Field of Interest Fund, donors contribute a minimum of $10,000 to

the fund. Each fund is held in a separate account and invested according to Foundation guidelines.

The Field of Interest Funds that the Telluride Foundation manages are as follows:

a designated fund is a wise, and at the same

time, generous choice.

Equality in Health Initiative

Strives to increase health care

competency and capacity for

the Hispanic/Latino communities

in the San Miguel and West

Montrose counties.

San Miguel Kids Endowment

Endows funds for kids,

youth programs and college

scholarships.

Bright Futures Fund*

Supports early childcare programs

for the working parents of the

Telluride region.

Land Conservation Fund

Supports open space preservation

and watershed protection.

OneTelluride*

Supports programs that celebrate

and integrate the Latino

population into the Telluride

community.

Good Neighbor Fund*

Assists San Miguel County

residents who are experiencing

financial hardship.

West End Initiative*

Empowers under-served

communities in the west end

of San Miguel and Montrose

counties with grant writing

assistance to acquire financial

resources for their services,

programs and infrastructure.

*Board Initiatives

The TellurideFoundation��


local Healthcare initiative

The Telluride Foundation was awarded a three-year grant from the Colorado Health Foundation to develop a “local Healthcare initiative” (lHi) for residents of Western Montrose, ouray and san Miguel Counties to identify and address critical preventive healthcare services to improve the health status of the regions residents. The Foundation has since been award a three-year grant from the Caring for Colorado Foundation and annual grants from the Children Health Fund (New York) and the el pomar Foundation. a total of �,��6 units of service were delivered in the first 12 months of operation.

Healthcare access, affordability and preventive care are the greatest challenges for people in rural communities.

Regional Medical Shuttle

Working with the San Miguel County Commissioners

and the Children’s Health Fund — a free, weekly,

non-emergency transportation service to

physician offices, hospitals and dentists — has

been established for residents in the service area.

202 regional medical shuttle units of service were

provided to 19 medical and dental providers in

Montrose and Grand Junction.

Healthcare Services Directory

An internet-based healthcare provider service

directory incorporating over 250 regional medical,

mental health and dental providers has been

developed. The directory assists individuals seeking

services as well as providers looking for consultants

to assist their patients. 2,014 residents consulted a

web-based Health Care Directory last year.

Tobacco Education and Prevention Program

The State of Colorado has granted the LHI a grant

to assist San Miguel Schools with youth tobacco

use prevention. In 2007 the project helped school

administrators evaluate and modify their policies

to aid in the prevention of tobacco use by students

and visitors.

CPR/AED Training

Through the assistance of a visiting cardiologist,

32 Automatic Electronic Defibrillators have been

purchased by the Telluride Foundation and installed

throughout the Telluride community to create a

“Heartsafe Community” with readily available AEDs

and a CPR trained population. To compliment this

effort, the LHI received support from the Telluride

Association of Realtors to provide scholarships for

CPR/AED certification classes. Approximately 199

residents received CPR/AED certification.

Latino Preventive Healthcare Fund

A donor to the Telluride Foundation has established

a targeted preventive healthcare fund to finance

primary and secondary preventive healthcare

services for Latino’s residing in the Telluride area.

Over 590 Latino residents have received preventive

health screenings for heart disease, diabetes, cancer,

S.T.D.’s and dermatology.

San Juan Kids Cavity Prevention Program

A collaborative agreement with the Forsyth Institute

in Boston has resulted in the implementation of its

school-based cavity prevention program for children

ages 1-13. The Forsyth Institute program is evaluated

by a National Institutes of Health Research Grant

that reports a 51% reduction in cavities in children

after one round of treatment and near zero cavities

with children after two rounds of care. LHI has

established a children’s cavity prevention program

in eight elementary schools.

Entitlement Enrollment Program

As a component of the Cavity Prevention Program,

a dental navigator function has been established

through the Uncompahgre Medical Center. The

program is designed to enroll eligible children and

their families in Medicaid and the Colorado Health

Plan. To date, 45 children have been identified to

qualify for entitlement programs.



Forever Telluride

it can be simple to create a will and to leave a legacy by contributing to an organization that means a great deal to you.

When you include a bequest provision in your estate plan, the Telluride Foundation will enroll you in Forever Telluride which honors those who make lasting gifts to the community.

How do I leave a gift in my will for the Telluride Foundation?

Many individuals set aside a certain dollar amount through their will. Others leave a percentage of their

estate or any assets left after their family has been provided for. Some people give something they own,

such as a car or their home. Others leave a paid-up life insurance policy.

Do I have control over how the Telluride Foundation will use my bequest?

Yes. You can specify whether you would like the assets to go toward our annual community grantmaking as

an unrestricted gift, be assigned to a specific fund or organization of your choice or be used to establish a

new fund in your name (or any name that you choose). You can also specify whether the principal should

be permanently invested, allowing the Foundation to spend only the annual earnings (endowed fund) or

whether the Foundation may spend the principal amount of your gift at its discretion (expendable fund).

We all leave our assets behind, but nearly 60% of us do so without knowing to whom. If you die without a

will, the State of Colorado decides how your property will be distributed. Your will ensures that you are in

control of those important decisions that will impact the people, places and things you care about most.

Individuals and families who are committed to creating a stronger Telluride community and sustaining it for

future generations work through a planned gift or bequest to the Telluride Foundation to continue giving

back forever. Your estate receives a charitable deduction for the full amount given, so your heirs pay no

estate tax.

Ensure that your commitment to the community continues with a bequest to the Telluride Foundation

through your will or trust.

only 8% of americans include charitable

bequests in their will.


The Foundation assets are invested to manage risk while seeking the best possible returns.

The investment & Finance Committee implements a stringent decision making process when considering investments and continuously monitors all investments. The investment strategy includes a long-term investment view while providing liquidity and diversification across a wide range of asset classes, including alternatives. The investment accounts include The investment Fund for Foundations (TiFF) multi-asset fund and various fixed income vehicles.

investments

in 2007 the Telluride Foundation achieved a

12.9% investment return.

aCHieve



Temporarily Unrestricted Restricted Total

Revenue, contributions and support

Individual contributions $473,907 $3,606,068 $4,079,975

In-kind contributions 115,250 — 115,250

Realized and unrealized investment gains/losses 247,532 — 247,532 Dividend, interest and other income 340,615 — 340,615

Net assets released from restrictions 3,472,004 (3,472,004) —

Total revenue, contributions and support 4,649,308 134,064 4,783,372

Expenses

Program services

Grants and assistance programs 2,633,566 — 2,633,566

Education and consulting 292,935 — 292,935

Total program services 2,926,501 — 2,926,501

Support services

Development 318,304 — 318,304

General and administrative 101,342 — 101,342

Total support services 419,646 — 419,646

Total expenses 3,346,147 — 3,346,147

Change in net assets 1,303,161 134,064 1,437,225

Net assets, beginning of year 2,959,975 3,277,888 6,237,863

Net assets, end of year $4,263,136 $3,411,952 $7,675,088

statement of Financial position

The Telluride Foundation has secured over $1 million dollars from Colorado foundations for the region.

2007* 2006 2005

Assets $ 9,879,290 $ 8,124,914 $ 6,179,997

Cash and cash equivalents 1,259,366 1,684,228 843,619

Investments 5,705,296 3,405,614 2,857,401

Accounts receivable 60,427 6,970 2,096

Pledges and grants receivable, net of discount 2,717,663 2,997,033 2,432,568

Note receivable 100,000 — — —

Other assets 17,597 12,866 17,491

Property and equipment, net 18,941 18,203 26,822

Liabilities and Net Assets $ 2,204,202 $ 1,887,051 $ 1,125,079

Grants and accounts payable 1,775,818 1,360,901 874,416

Accrued liabilities 44,078 43,866 28,986

Agency payable 301,960 380,091 103,606

Charitable gift annuity 82,346 102,193 118,071

Net Assets $ 7,675,088 $ 6,237,863 $ 5,054,918

Unrestricted 4,263,136 2,959,975 2,113,023

Temporarily restricted 3,411,952 3,277,888 2,941,895

Total Liabilities and Net Assets $ 9,879,290 $ 8,124,914 $ 6,179,997

* Pending final audit committee approval

The TellurideFoundation ��

eMpoWer

expense Trend & service area

The Telluride Foundation is a driving force in sustaining and improving the overall health and spirit of our community. The Foundation provides guidance and support for our caregivers, addresses unattended needs in the community and provides a forum for collaboration when needed. These charts demonstrate the Foundation’s improved efficiencies in delivering program services to our community in san Miguel County.

Delta

San Miguel

Montrose

Dolores

Ouray

Telluride

Service Area

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

Expense Trend Graph 2007

01 02 03 04 05 06 07

68

% 76

% 81% 82% 88

% 89

%

89

%

Programs(Grants & Education) Support(G&A, Development)

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.

Design by Proteus, www.proteusdesign.com Cover and Profile photography by Ben Knight, feltsoulmedia.com Landscape photography by Meg Bodnar, megbphotography.com

Telluride Foundation

620 Mountain Village Blvd, #2B

Telluride, CO 81435

970.728.8717

fax 970.728.9007

www.telluridefoundation.org

Paul Major

CEO & President

[email protected]

Annie Carlson

Special Projects

[email protected]

Heather Biggs

Finance Director

[email protected]

April Montgomery

Programs Director

[email protected]

Katie Singer

Development Manager

[email protected]

annual report 2007 final

Documents

community grants

local community groups

dear telluride

workforce of telluride

donors gifts

community impacts of

cash grants

nonprofits efficiency