What does El Pomar mean?
El Pomar is Spanish for "the orchard." El Pomar founders Spencer and Julie Penrose lived in an estate called El Pomar because it was situated on a one-time apple orchard. When the Penroses established the Foundation they gave it the name El Pomar. The Foundation now owns the home that inspired its name and operates it as a nonprofit education and conference center called Penrose House.
Where is El Pomar Foundation located?
We're based in Colorado Springs, but we make grants and operate programs that impact residents of all 64 Colorado counties.
How much money does El Pomar have and how much does the Foundation contrubute each year?
El Pomar Foundation is one of the largest and oldest private foundations in the Rocky Mountain West, with assets totaling approximately $450 million. El Pomar currently contributes approximately $20 million annually through grants and programs.From its inception, El Pomar Foundation has provided more than $400 million in capital, program, and general operating support through direct grantmaking and has invested more than $47 million in various programs.
How do the trustees decide who gets grants and what kind of programs to operate?
The trustees look to the Penroses for guidance. Based on their legacy, the following guidelines help inform the trustees' decision making:
El Pomar Foundation makes five $5,000 grants to nonprofit organizations
Education as the path to a better life
Yellow Devil Restored
Center located at 200 N. Tenth Street
Program created 35 jobs, contributed $1 million to eastern Colorado economy
Gazette/El Pomar fund tops $1 million goal
The Gazette - Jakob Rodgers
IRA Charitable Rollover
El Pomar Foundation Statewide Meeting