Longtime El Pomar Foundation executive Rob Hilbert retired Sunday and has been replaced as chief financial officer and treasurer by Elaine Martinez, though he will remain as a trustee of southern Colorado's largest charitable foundation.
Hilbert became El Pomar's CFO in 2011, directing the foundation's financial and accounting operations, tax matters and internal administrative operations for grant-making, programs, personnel and office administration. He joined El Pomar in 1987 and helped the foundation through its sale of The Broadmoor hotel a year later, designing its accounting system and helping to create the Rocky Mountain Tax Seminar for Private Foundations in 2010. He has served as a trustee of the foundation since 1993 and was named a Life Trustee in 2011; and also serves on the boards of the Garden City Co. and The Broadmoor World Arena.
He previously had been executive vice president of the U.S. Olympic Foundation in Colorado Springs, and secretary-treasurer of the Piton Foundation and vice president and executive director of the Helen K. and Arthur E. Johnson Foundation, both in Denver. He also had been a revenue agent for the Internal Revenue Service and a supervising tax specialist for Coopers & Lybrand.
"Since he joined the foundation in 1987, Rob Hilbert has played a crucial role in overseeing and managing the financial operations of El Pomar," foundation CEO William J. Hybl said in a news release. "His financial leadership has safeguarded the legacy of Spencer and Julie Penrose, better equipping El Pomar to support nonprofits across Colorado. We are fortunate to have someone with Elaine's level of experience and knowledge to build upon Rob's legacy."
Martinez joined El Pomar in September after spending eight years at Monigle Associates, a Denver-based corporate branding firm, as chief financial officer; six years with Goodwill Industries of Denver as vice president of finance and administration, four years at Colorado Access in Denver and six years at Intergroup Healthcare Corp. in Tucson, Ariz., both in financial roles. Most of her previous experience was in the health care industry in Arizona.
El Pomar has assets of more than $500 million and gives more than $22 million a year to Colorado nonprofits.