2 0 1 2 A N N U A L R E P O R T

The wright stuff fundation

Letter from the Co-chair

The hanley rink

The good neighbor fund

Latino intiative

Donor

2012 community grants

Community grants guidelines

The bright future fund

The telluride film festival

Statement of financial position

San minguel resource center

The telluride medical captial fund

Fund overview

Gift ideas

What is planned giving?

Citizen of the year

Board of directors

Mission and values

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.

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Thanks to a $25,000 grant from the Telluride Foundation, the Wright Stuff Foundation can continue to make a positive impact on rural working families in San Miguel County. The Wright Stuff Foundation was founded in 1996 as a small child care program for at-risk children and quickly blossomed into the vital organization that it is today.

The organization grew to accommodate the growing need for affordable, early child care and to meet the growing demand for continuing educational opportunities. In 2002 the organization completed its most ambitious project to date – a 9,000 sq. ft. community learning center called Wright Mesa Center for Early and Continuing Education in Norwood.

The Wright Stuff Foundation

lisa, brendan, and kellon doyle

Lisa Doyle is passionate about her work. As a middle school English teacher in the Norwood School District, she enjoys challenging young minds and making a positive impact on future generations. After having her first child, Kellon, last July, she was excited to return to work but apprehensive to be apart from her infant son. Lisa’s husband Brendan, who works for Great Lakes Aviation at the Telluride Airport, could not stay home with the baby due to his work schedule. They were concerned about finding affordable, quality day care that they could trust. When the Doyle’s discovered theWright Stuff Foundation, their dilemma was solved. Kellan, now 9 months old, has been enrolled in the Wright Stuff Day Care Program for 5 months. He and his parents couldn’t be happier.

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

“Without the Wright Stuff Foundation, I wouldn’t have been able to return to work as there aren’t any other affordable, high-quality day care centers in our area. I really love what I do and being unable to continue teaching would have been very disappointing,”

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

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The Telluride Foundation continues to meet its own high expectations for the organization’s core mission: to preserve and enrich the quality of life for our residents, our workforce, and visitors to the Telluride Region. Over 60 local non-profits comprise this year’s family of recipients for grants, technical assistance, and educational workshops and symposiums.

It is indeed remarkable that with your help we have been able to grant over $4 million in four years to the dedicated people who step up each and every day to offer hope and assistance to those in need. We 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.

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 are excited about our new programs and outreach strategies to insure that we continue to meet the needs and expectations of our donors and our grantees. The Bright Futures Child Care Fund, focusing on early childhood interventions for success, and the Good Neighbor Fund, establishing an emergency assistance fund for local families in financial crisis, are just two initiatives that illustrate our unique ability to respond to local community needs and priorities in a timely and efficient manner.

Dear Board of Directors, friends and residents of the Telluride Community,

general h. norman schwarzkoph co-chair

ron allred co-chair

paul major president + ceo

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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 workeddiligently to create a professional skating facility for regional residents.

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

“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.

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

The Hanley Rink Charlie Cohn, hockey enthusiast

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Designed to be a resource for people to utilize after they’ve exhausted all other options, including state and local governmental agencies, the Good Neighbor Fund was created to provide one-time emergency assistance for San Miguel County residents experiencing financial hardship. Its goal is to quickly, effectively, and confidentially provide financial assistance for certain qualified needs including housing, transporta-tion, or medical treatment. The Fund pays vendors directly; it is the perfect mechanism for donors who want to impact the lives of San Miguel County residents in need by helping them remain a part of our community. The Fund has no overhead – all donations made to it are passed on to those in need. In 2004, the Good Neighbor Fund assisted 26 San Miguel County residents with nearly $24,000 in emergency grants.

Michelle and Jay Grierson, 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.

The Good Neighbor Fund

“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 GriersonJay Grierson, grant recipient of the Good Neighbor Fund

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The Latino population in the Telluride region is an integral and growing part of our community and our workforce, yet these individuals and families have trouble accessing basic services and lackinvolvement 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 complimentarytranslation 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.

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 multipleopportunities 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 LatinoInitiative 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.

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 Javier, Lorena, Erica and Carla Ortez, Telluride residents who

have taken advantage of the programs within the Latino Initiative

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Ron & Joyce AllredC. Michael & Anne ArmstrongBank of Telluride, A WestStar BankEd & Frances BarlowBarney & Carol BarnettSharen & Marc Berman, The Skylark FoundationDarren & Julie BlantonTimothy Boberg & Roxanne PulitzerKevin & Mary Grace BurkePaul & Joann ClaeyssensJoanne CorzineMark & Susan DaltonKim & Kim DayBill & Becky DeupreeDick Ebersol & Susan Saint JamesDavis & Bobsey FanslerFirst National Bank of TellurideBill & Lisa FordBunny Freidus & John SteelTully & Elise FriedmanBill & Debra GershenRobert & Nancy HaydenTed & Anne Herrick

Joe & Lynne HorningChad HorningM. Charles HorningJames M. Johnson FundRon KuruczPaula MaloneFletcher & Elizabeth McCuskerJoe Hideo & Hiroko MoritaBarbara Parish & Gary RobertsGeorge & Julie ParkerNed & Diane PowellBob & Winnie RolosonRich & Elizabeth SalemRichard & Barbara SchellH. Norman & Brenda SchwarzkopfTom SchwartzNelson & Sharon SharpMarty & Marlene SilverPamela SmithTerry & Chris StephensPatricia SullivanTelluride SportsBob & Jane TrenaryStephen & Sheila Wald

The Robert T. Wall FamilyJim WearJim & Sheila WellsWyndham Peaks Resorttelluride family fundsBill & Debbie CarstensCorey & Shirley FortenberryTown of Mountain Village gold hillPaul AllaireJuan Carlos & Christina CasasBob & Jenny DelvesCliff & Brenda GilbertDan & Marilyn QuaylePeter & Carol SellonLary & Sally SimpsonHarlan & Carol Waksalbridal veilBrian & Mary Claire BlackshawPeter & Francine CogenLou & Bonnie CohenRoy & Diana ConovitzBob Demsey & Suzanne DahlStephen Farish III

Bob GlahBob & Ana GreeneRichard Holbrooke & Kati MartonBill & Lucy KingsfordCasey & Megan McManeminBill & Cheryl NordstromFrederic Ohringer & Jane TaylorDon & Nancy OrrLawrence & Joy RamaekersDick & Linda RodgersJohn & Laura ShieldsLynne Tryon SmalleyJack & Dawn TaylorJohn Temple & Judith GittingerDavid & Julie VaughnTom & Eppi Waldinfirst tracksJohn & Beverly BakerRichard BettsCharles & Virginia BowdenAlberto & Irene Casaretto Mike & Jane Conlin

Rosie CusackDr. Andrew & Ziva DahlErik & Josephine FalleniusBill FandelRichard & Julie HouckKevin & Kristin HolbrookPeter JamarBetsy LindsayHolly Parker/AMMV SalesBrian ParsleyMaureen Pechacek & Maynard HoweJohn PerparOck & Joanie PetersonJohn & Ellen PillsburyGenevieve PlamondonMichael & Marilyn RatnerSam & Francesca RehnborgFrank & Bee ReichelChad ScothornJohn & Carolyn SnowJonathan & Tiffany SweetWolf Family - Ridgway, CO patronsBob BorchardtScott Borman

Harmon BrownStuart & Joanna BrownPeter & Linda BynoeCharles & Sue CobbDavid DonnerTracey EsherickStephanie FanosDave & Shari FlattGeorge & Pam HamelJohn & Sandra HorvitzFred & Gail KittlerAdam & Tina KreysarLas MontanasVincent & Anne MaiMike & Beverly McTigueArt & Paige NagleThe Mountain Lodge at TellurideMountain Village Metro ServicesJonathan & Rebecca RadfordMary & Bob RubadeauJosh Sale & Peggy CurranJoseph SlotnikRichard & Anna TeerlinkPeter Wellesdonors /

friends of telluride

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arts & culture

Ah Haa School for the Arts Children Programs and General Operating Support $16,000

Lizard Head Theatre CompanyGeneral Operating Support and Technical Assistance $5,500

Michael D. Palm Theater for PA (TSD)Technical Assistance $5,000

MountainFilm in TellurideGeneral Operating Support and Technical Assistance $13,000

OutLoud Lecture SeriesGeneral Operating Support $3,000

Sheridan Arts Foundation Young People’s Program $12,000

SMC Public Library District #1Final stage of the 70’s Project $1,500

Telluride Chamber Music AssociationGeneral Operating Support $8,000

Telluride Choral Society General Operating Support $8,000

Telluride Council for the Arts and Humanities Small Grants & Artist Fellowship Program $10,000

Telluride Dance Academy Programs for Participants Ages 18 and Under $5,000

Telluride Film Festival Underwrite the Rent at the Nugget Theater and Educational Programs with the Schools $15,000

Telluride MusicfestPublic performances in Sheridan Opera House or Telluride R1 School District Performances $2,000

Telluride Repertory Theatre Company Support for the March Musical and the Summer Classics Production. $11,000

Telluride Society for JazzGeneral Operating Support $5,000

Telluride Writers GuildGeneral Operating Support $2,410

Total$122,410

2012 Community Grantsathletics/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 AssociationGeneral Operating Support $5,000

Telluride Ski & Snowboard ClubFinancial Aid for Low-income Children and New Programming Costs $12,500

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

Total$32,400

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child care

Rainbow Preschool & Day Care CenterSupport for Scholarships, Enrichment Programs, and Quality Rating System Training $21,800

Telluride Early Childhood CenterGeneral Operating Support $5,260

Telluride Montessori SchoolScholarships and Support for the Accreditation Process $4,000

Telluride PreschoolScholarships and Quality Rating System Training $3,000

Wright Stuff Community FoundationGeneral Operating Support $25,000

Total$59,060

education

High West CouncilGeneral Operating Support $4,000

Paradox Valley SchoolAfterschool Programs $3,000

Pinhead InstituteK-12 Biodiversity Education Program and SmithsonianInternship Program $10,000

San Juan Field SchoolSan Juan Avalanche EducationProgram and support for planning the International Snow Science Workshop $5,000

San Juan Parenting EducationProgram Support $2,500

Telluride Education FoundationTeacher Magnet Program and Outside Program Grants $17,000

Telluride Historical MuseumGeneral Operating Support $5,000

Telluride Mountain SchoolGeneral Operating Support $5,000

Total$51,500

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environment/animal protection

Animal Humane Society of Ouray County, Inc.San Miguel County Residents Spay & Neuter Program and General Operating $3,000

Atlas Arkology General Operating Support $1,500

Green Rico OrganizationSupport for Fundraising Efforts $1,500 Rocky Mountain Ark and Wildlife CenterGeneral Operating Support $10,000

San Miguel Watershed CoalitionRiver Ranger Program and Seed Money for the Report Card Program $5,000

Sheep Mountain AllianceBeaming 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 ProjectSan Miguel County Natural Gas Education Project $2,500

Total$37,500

human services

Angel Baskets Support for Christmas Dinner $4,000

Holistic Health Resources of the San Juans Alternative Care Assistance Fund for People Working or Living in San Miguel County $3,500 Midwestern Colorado Mental

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

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

One to OneGeneral Operating Support $25,000

San Miguel & Ouray Juvenile Diversion ProgramGeneral Operating Support $4,000

San Miguel Resource CenterGeneral Operating Support $25,000

St Mary’s Hospital Foundation CareFlight Program Equipment for Care Flight $5,000

Telluride AIDS BenefitProgram Support $4,500

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

Telluride Hospital DistrictTo Defray the Cost of Providing Low-Income Medical Care, Implement a Sliding Scale, and Spanish Language Training $20,000

Western Slope Rural Philanthropy DaysGeneral Operating Support $1,000

Total$104,000

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youth

Girls Scouts of Chipeta CouncilProgram Support $4,000

Horizon Program General Operating Support $12,500

Telluride Academy Financial Aid for West End Youth, Hispanic Summer School Students and Academy Programs $12,500

Voyager Youth ProgramsGeneral Operating Support $3,500 Total$32,500

Grand Total $439,370

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mountain village metro services 2012 grants** Some grant totals include value-in-kind and cash

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 SchoolAvalanche Education and Sense of Place Community Awareness $1,800

San Miguel Educational Fund General Operating Support $4,700

San Miguel Resource CenterSupport for the 2004 Chocolate Lover’s Fling $4,770

Telluride AIDS BenefitOperating and Marketing Support of Fashion Show $9,850

Telluride Choral SocietyGeneral Operating Support $4,800

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

Telluride Dance Academy and Movement CenterGeneral Operating Support $7,750

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

Telluride Historical MuseumGeneral Operating Support; Resources for Museum Store; Mini-exhibit at San Sofia Nature Center $5,000

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

Telluride Ski & Snowboard ClubUnderwrite 14 Race Events 2012 Season $60,000

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

Telluride Wine FestivalEnhance 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 $12,000

2012 Mountain Village Grants (a donor advised fund)

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

Midwest Colorado Mental HealthSupport Towards Emergency On-Call Service $2,000One to One

General Operating Support $5,000

Juvenile DiversionGeneral Operating Support $3,000

San Miguel Resource CenterGeneral Operating Support $5,000

Telluride Adaptive Sports Program Support for Nordic and Cycling Clinics $7,500

Total $25,000Total $303,365

town of mountain village 2012 grants

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Community Grant Guidelines

The Telluride Foundation is a non-profit, community foundation committed to preserving and enriching the quality of life of the residents, visitors, and workforce of the Telluride region by fostering private giving and strengthening service providers. To this end, the Telluride Foundation awards grants to local non-profit 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.

grants committee

The Grants Committee is composed of seven members selected from the Board of Directors. This committee evaluates the grant applications and provides recommendations to the Board for final review and approval.

current types of support

General operating support; existing and new programs and projects; equipment; annual campaigns; conferences and seminars; consulting services; matching funds; technical assistance; start-up funds; joint requests from multiple applicants.

applicant eligibility requirements

The Telluride Foundation will consider grant applications from organizations that meet the following criteria:1.Conduct activities and programs consistent with the Foundation’s mission statement.

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

3.Qualify as a 501(c) 3 tax-exempt organization under the Internal Revenue Code or operating as a local government or one of their subsidiaries.

4.Provide sound business plans dem-onstrating fiscal responsibility and long-term viability.

5.Comply to the Telluride Foundation’s nondiscrimination policy. Organizations awarded a grant in the prior year’s grant round and which have not submitted a follow-up report prior to the current year’s application deadline are ineligible for a grant in the current year.

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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.

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

Review Criteria 1,500,000

300,000

600,000

900,000

1,200,000

2001 2002 2003 2004

Community Grants

Total Grants

Community Grants $ 439,370

Good Neighbor Fund $ 25,234

Citizen of the Year $ 5,000

Donor Advised Funds $ 376,890

Town of Mountain Village/

Metro Services Grants $ 328,365

Donor Restricted Grants $ 98,137

Total $ 1,272,996

grant history

Over $4 million in grants

distributed in 4 years

Community grantTotal grant

300,000

600,000

900,000

1,200,000

1,500,000

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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 opportuniies 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% 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 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

The Bright Futures Fund

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The first Telluride Film Festival began in August 1974 with a tribute to silent film star, Gloria Swanson. In each of the 32 years since, the Festival has continued to celebrate the most gifted filmmakers, built its reputation as a savior for forgotten classics, and demonstrated an appreciation for great new works. An international educational event celebrating the art of film, it exists to provide a stimulating annual gathering, open to everyone, in which the lovers and creators of cinema come together to see and discuss the most interesting work of the past and the present.

the nugget theatre and sundays at the palm The Nugget Theatre, one of the venues for the Telluride Film Festival, almost shut its doors seven years ago due to cost prohibitive rent and challenging movie theatre economics. However, the Telluride Film Festival viewed the Nugget as a community resource and could not stand by idly to watch this Telluride institution close. The Film Festival entered into a partnership with the town of Telluride to underwrite the cost of keeping the Nugget Theatre open year-round. In 2004 the Telluride Foundation gave the Telluride Film Festival a grant to assist with this worthy 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.”

The Telluride Film Festival

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

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Cash and cash equivalents

Investments (Notes 3)

Accounts receivable, net of allowance for doubtful

accounts of $0 and $14,539, respectively

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

Other assets

Note receivable (Note 5)

Property and equipment, net (Note 6)

Total Assets

$337,077

$2,397,264

$250

$2,044,127

$33,717

$10,000

$31,407

$ 4,843,842

$578,240

$1,429,874

$15,543

$1,635,098

$11,304

$17,375

$ 3,697,434

statement of financial position

2012 2011

Accounts payable

Accrued liabilities

Deferred income

Charitable gift annuity (Note 7)

Total Liabilities

net assets Unrestricted

Temporarily restricted (Note 9)

Net Assets

Total Liablilities And Net Asssets

$722,452

$29,231

$4,860

$129,980

$886,523

$517,910

$22,882

$350

$541,142

liabilities and net assets

$1,883,416

$2,073,903

$3,957,319

$4,843,842

$1,032,235

$2,124,057

$3,156,292

$3,697,434

Assets

Commitments and contingencies (Note 8)2012 2011 2012 2011

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revenue, contributions, and support

Individual contributions (Note 10) $ 864,186 $ 1,645,448 $ 2,509,634

In-kind contributions $107,566 — $107,566

Dividend, interest and other income $78,756 — $78,756

Total revenue, contributions $1,050,508 $1,645,448 $2,695,956and supportnet assets released from restrictions

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

Total net assets released 1,682,972 (1,682,972) —from restriction

expensesProgram Services

Grants and assistance programs $1,454,879 — $1,454,879

Education and consulting $119,237 — $119,237

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

Support ServicesDevelopment $215,445 — $215,445

General and administrative $142,309 — $142,309

Total support services $357,754 — $357,754

Total expenses $1,931,870 — $1,931,870

Realized and unrealized investment gains/(losses) $49,571 $(12,630) $36,941 Change in net assets $851,181 $(50,154) $801,027

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

Net assets, end of year $ 1,883,416 $ 2,073,903 $ 3,957,319

Temporarily Unrestricted Resticted Total

Temporarily Unrestricted Resticted Total

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In 2004, the San Miguel Resource Center was awarded a $25,000 grant from the Telluride Foundation to cover general operating expenses. This vital organization was formed in 1993 when a group of women and men in Telluride realized that their beautiful valley had problems just like everywhere else.They formed the first board of what became the “Tomboy House.” The original mission was to provide crisis services for domestic violence victims. Very quickly they realized that the needs of local victims of domestic violence and sexual assault were much greater than even they had imagined. In 2001, Tomboy House became the San Miguel Resource Center.

a place to turn for help The moment his hand delivered the first shocking slap she realized her life was changed forever. The man she loved and trusted for seven years was pushing her against a wall and shouting vile names, accusations, and ultimatums. Her life was no longer in her control. This night, in fear of being injured, she called 911. When the Sheriff’s officer arrived her husband was arrested and the officer encouraged her to call the San Miguel Resource Center. The San Miguel Resource Center? Why? This was just an argument. Sure, her husband got out of hand, but what husband didn’t? She did call, and what she learned from the staff at the Center opened new ways for her to find a safe haven, assess what was happening to her, and begin searching for solutions. She was a victim of domestic violence. She is not alone in San Miguel County.

Thanks to the generous financial support of the Telluride Foundation thirty-nine trained Advocates staff the only twenty-four hour crisis line serving Telluride and the West End of Montrose counties. The survivors of domestic violence and sexual assault can receive emotional support, legal advocacy, victims rights information, referrals for counseling, immigration information referrals, emergency safe housing, and a myriad of support services needed to begin recovery. “Grantors located outside our community just look at numbers to determine our worth. The Telluride Foundation sees what we do, how we do it, and then supports us. Their funds are a validation of not just what we do but how we are striving to improve the community in a thousand different ways,” said Pam Stewart-Maddox, executive director of the San Miguel Resource Center.

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

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

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The Telluride Medical Capital Fund was established by local community members in 2003, with the goal to expand the scope and sophistication of 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.

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 homein 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

The Telluride Medical Capital FundWilliam “Senior” Mahoney, life-long Telluride resident and ski industry icon

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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.

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

Fund overview

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, non-profit 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.• 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.

unrestricted 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 ex-pertise of Foundation staff, professional management and investment of fund monies, and increased knowledge of the Telluride community’s needs.

restricted gifts

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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 pro-grams for the working parents of the Telluride region• Good Neighbor Fund* assists San Miguel County residents who are experiencing financial hardship.• 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 • San Miguel Kids Endowment endows funds for kids and youth programs.• Telluride Medical Capital Fund improves and expands the scope and sophistication of regional medical capabilities

Establishing a Donor Advised Fund with the Telluride Foundation is like creating a private foundation. The donor has the power and flexibility to make recommendations for grants to specific non-profit organizations from their fund, without the time, paperwork, and administrative expense of running their own foundation. A Donor Advised Fund allows the donor to focus on charitable giving, while we handle the administrative work. Additionally, with a Donor Advised Fund, the donor is able to take an immediate tax deduction for full market value of appreciated assets and avoid capital gains tax. A Donor Advised Fund is an irrevocable gift to the Foundation while the donor retains the explicit ability to advise the Foundation on distributions of grants for charitable purposes.

Initiative funds

Board initiativesdonor advised funds Advised Funds:

The Benchmark Fund

The Monika Callard Fund

Bill & Debbie Carstens Fund

The Grace & Paul Enbring Fund

Corey & Shirley Fortenberry Fund

Andy Hanley Recreation Fund

The Knox Fund

The Eric Moe Fund

Mountain Village Metro Services

The Ned & Diane Powell Fund

The Price Family Fund

Rico Center Fund

Town of Mountain Village

designated funds

The Telluride Foundation currently manages the following Donor

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 pass-through. For a permanent endowed fund, 5% of the fund’s net asset value is granted to the organization each year.

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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.

cashGifts 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 stockGiving 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.

bequestOne 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.

gifts of real estateReal estate in the form of a residence, vacation home, ranch, or land may have significantly appreciated in value through the years so that its sale would mean a sizeable capital gains tax. By making a gift of property, the donor avoids the capital gains tax and receives a charitable deduction for the full fair market value of the property.

retirement plansDonors can name the Foundation as a beneficiary of their Individual Retire-ment 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 insuranceIf 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 approxi-mately 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.

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.

gift ideas?

What is planned giving

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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 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.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 dol-lar 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.

Life 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.

Lead income gifts

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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.

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

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

Citizen of the year

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General H. Norman SchwarzkopfRetired, US Army General, Co-Chairman

Ron AllredCo-Chairman

Mike ArmstrongChairman, Comcast

Ed Barlow Senior Partner, Whitcom Partners

Richard BettsOwner, ASAP Accounting & Payroll Services

Harmon Brown Proprietor, Harmon’s at the Depot

Bill CarstensFounder, Carstens Ranch

Joanne Corzine Developer, West Meadows

Mark DaltonPresident, Tudor Investment Corporation

Kim DayPrivate Investor

Vern Ebert Member, San Miguel County Commissioners

Davis Fansler Mayor, Town of Mountain Village

Bill FordChairman & CEO, Ford Motor Company

Bunny FreidusChair, San Miguel Resource Center

Tully Friedman Chairman & CEO, Friedman, Fleischer & Lowe

Ken GartChairman, Specialty Sports Venture, LLC

Bill GershenOwner, Vanguard Industries

Allan GerstleDirector, San Miguel County Social Services

Ron GilmerChair, Telluride Commission for the Arts & Special Events

Marilyn Tucker QuaylePresident, BTC, Inc.

Dick Rodgers President, Mountain Village Wells Fargo Bank

Mary RubadeauSuperintendent, Telluride School District

Susan Saint JamesActress, Special Olympics Board Member Josh SaleChair, San Miguel County Open Space Commission

Bob TrenaryPrivate Investor

Stephen Wald Private Investor, Chair, Telluride Medical Center

Jim WearFounder, Wear, Travers, Krueger & Perkins, P.C

Board of directors

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

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, a

countability and knowledge.

Our mission

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Paul MajorCEO & President

paul@telluridefoundation.org

Annie CarlsonDevelopment Director

annie@telluridefoundation.org

Lorrie MahoneyPrograms Manager

lorrie@telluridefoundation.org

to reach us by mail or find usTelluride Foundation

620 Mountain Village Blvd, #2BTelluride, CO 81435

to reach us by phone970.728.8717

fax 970.728.9007

to reach us on the webwww.telluridefoundation.org