Looking to start or expand your business? Morgan Community College is now accepting applications for its Small Business Entrepreneurship Program.
In its first year, 1937, El Pomar granted to five organizations: the Fountain Valley School, Glockner Hospital, the Boys & Girls Club of The Pikes Peak Region, the Junior League of Colorado Springs (for the Nutrition Camp School), and the Penrose Community School. The grant to the community school in Penrose, Colorado offers an opportunity to explore the history of the town named for El Pomar Foundation’s founder.
Just north of downtown Colorado Springs, at 423 N Cascade Avenue, is the McAllister House—one of the three oldest houses in Colorado Springs and the only one that retains its original floor plan. On the National Register of Historic Places since 1973, the House is open to the public as a museum, offering insights into the rich history of Colorado Springs and the McAllisters’ role in the development of the region.
While it is well known that nonprofit grant making foundations like El Pomar maintain and grow their assets via financial investments, it is less well known that this means that foundations also pay a considerable sum in taxes each year. In fact, if the Internal Revenue Service were a grantee organization, it would be El Pomar’s sixth highest grantee to date.
Belief in the power of education and the promise of children have been central components of El Pomar Foundation giving from the beginning, and many of the Foundation’s early grants reflect the compassion Spencer and Julie Penrose had for the young. A grantee since 1952, the Laradon Hall Society for Exceptional Children and Adults was the first charitable organization in the Rocky Mountain region to offer innovative support for a particular group of Colorado’s children—those with developmental disabilities.
El Pomar Trustees have committed $1 million, $100,000 per year for 10 years, to underwrite the City of Colorado Springs’ operational expenses for a world class mountain biking facility.
Education was important to Spencer and Julie Penrose’s philanthropic efforts, and that is evident in the significant amount of scholarship funding the Foundation has provided throughout its history. Julie Penrose wanted to ensure deserving young men and women who wanted to go to college but could not afford it were provided an opportunity to continue their education. Originally, Mrs. Penrose conducted the interviews personally, granting to fund educations at institutions of higher education throughout the state.
The Pauline Chapel was built in 1919 by Spencer Penrose on behalf of his wife. Julie Penrose was a devout Catholic and her interest in charitable giving encouraged the couple to establish El Pomar Foundation as a means to give back to the communities of Colorado. With Mrs. Penrose’s passing in 1956, the Foundation entered a new stage, in which the stewardship of the Penrose legacy transferred from the Penrose’s to Trustees outside of the family.
Recently, the Central Peaks Regional Council hosted a Town Hall event which used live polling and breakout sessions to ask key community leaders for assistance in determining and prioritizing regional challenges and identify opportunities for philanthropic dollars to assist in addressing those issues.
Volkswagen plans to make its first appearance in 31 years when it returns to the annual Pikes Peak International Hill Climb.