This figure clearly illustrates that, once again, meeting the needs of those affected by the economic downturn was a high priority last year for the trustees. It will continue to be a priority in 2011, as well. In fact, El Pomar trustees recently approved another $1 million round of funding through the Colorado Assistance Fund, the fund that was established in October 2008 to quickly aid those organizations providing direct services to people around the state affected by the downturn. Organizations will begin receiving grants through CAF IV in late March.
Last year the Trustees also approved the Foundation's 10,000th grant. It went to the Colorado Springs Fine Arts Center, an organization that Mr. and Mrs. Penrose helped create. Other 2010 milestones included:
- Passing the $400 million mark in grantmaking
- Honoring 33 nonprofit organizations at the Awards for Excellence Presentation Ceremony, which returned after a one-year hiatus
- Welcoming 12 new Fellows to Colorado Springs in July, a significant increase in the number of participants in the program.
- Initiating the Pikes Peak Community Development Initiative in southeastern El Paso County and continuing to operate more than a dozen other programs to complement the Foundation’s grantmaking efforts.
As we move forward in 2011, the trustees will continue to look for innovative ways to carry out our mission and engage with grantees and other stakeholders. Last year we launched a new web site, a new annual report micro-site and a new blog (click here to subscribe for updates). We also joined the conversation on Facebook and Twitter. All of these communications tools are designed to allow us learn more from the people who care deeply about strengthening Colorado through philanthropy.
We hope your new year is off to a great start and look forward to connecting with you in the coming months--online and in person.
The Trustees of El Pomar Foundation