El Pomar Foundation Origins: A 'Gold Mine of a Gift' to Colorado Springs from Spencer and Julie Penrose
Libby Kinder - Cheyenne Mountain Guide - The Gazette
Most people living in Colorado Springs today have some inkling of the existence of El Pomar Foundation, along with the influence Spencer and Julie Penrose have had on the prosperity of our fair city.
There is a long history behind the couple’s generous gift, along with a mission “to enhance, encourage, and promote the current and future well-being of the people of Colorado.”
In early 1937, Spencer “Spec” Penrose was diagnosed with cancer. One can only guess that this was a wakeup call for Penrose and his wife, Julie, who were the visionaries and creators of The Broadmoor Hotel. It was time to begin to plan for the legacy they would leave behind for their beloved adopted hometown. El Pomar Foundation was incorporated that same year with initial funding of $1.4 million.
Read the full article here.