Annual Report 2013 : simplebooklet.com

2 !Dear Friends of the Kenneth King Foundation, It has been an eventful and exciting year of transition for the Kenneth King Foundation. Looking back on 2013, we are proud to report the Foundation made $851,151 in grants, spanning many well-deserving nonprofit organizations that focus their efforts on providing basic services to individuals who need it most. Since the Foundation’s founding in 1990, we have made well over $35 million in grants to organizations all striving to improve the lives of those in need. During 2013, the Board of Trustees and staff reflected on the effectiveness of our grantmaking over the years. We considered the feedback we have received from our many recipients about their changing landscapes, the state of poverty and the economic condition in Colorado. We realized that most all of our past grant recipients are attempting to develop their clientele’s ability, sometimes capability, to become self-sufficient. We believe, improving access to self-sufficiency ultimately brings individuals increased happiness, self-esteem and economic freedom. Our strategic planning also served as an important checkpoint to ensure we continue to meet Kenneth King’s original intent. Knowing our Founder believed in truly helping those who needed it, we are confident that our grantmaking continues to align with Kenneth King’s beliefs and values. Throughout Kenneth King’s life, he greatly valued America’s free enterprise system and its power to enable self-sufficiency. Kenneth King lived these values, as he became a successful entrepreneur and later, philanthropist, in part because of his hard work, perseverance and in part, due to our free enterprise system. Over the years, we have learned there is no one single solution to creating a community that enables economic opportunity and self-sufficiency for all. What we do know is Colorado is a breeding ground for small business- es led by entrepreneurs who are providing the majority of jobs in our state. Small business, in particular, has generated 64 percent of net new jobs over the past 15 years (nationwide). They represent 99.7 percent of all employer firms, hire 40 percent of high tech workers, and produce 13 times more patents per employee than large patenting firms.[1] We believe that to ensure long-term self-sufficiency through meaningful employment we must capitalize on America’s free enterprise system. The creation of meaningful work must come from entrepreneurs, willing to take risks; the same risks Kenneth King took when he founded his successful bank, Columbia Savings & Loan. As we explore our refined funding focus of job creation through entrepreneurship, we are encouraged by the many nonprofit organizations throughout Colorado who are helping create jobs and lifting families and individuals out of poverty. We have met with many impressive organizations that are creating meaningful employment for individuals with a variety of backgrounds, including individuals with autism, the under-employed, immigrants, single parents and the formerly incarcerated. We look towards 2014 and beyond as an opportunity to provide entrepreneurs with access to economic opportunity, through working with non-profit organizations to deliver access to capital, financial education and the intellectual capital needed to succeed. Through all of this, we believe these entrepreneurs will build a better tomorrow for their families, create employment for their communities, encourage economic development and ultimately, strengthen our State. We look forward to working with you! Janice Fritsch Tim Welker President Board Chair [1] Small Business Administration, www.sba.gov

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Revenue Collected:Interest and dividends ........................................................................ $ 1,066,907Net realized gains (losses) on sale of investments ............................... 1,247,855Rental income ...................................................................................... 116,800Other income ........................................................................................ 6,670 Total revenue collected ................................................................... 2,438,232Expenses Paid:Grants paid ........................................................................................... 865,252Other grant expenses ............................................................................ 177,304Administrative expenses ...................................................................... 690,901Rental, real estate and other investment expenses ............................... 474,066Excise taxes .......................................................................................... - Total expenses paid ......................................................................... 2,207,523Changes in net assets ...................................................................... $ 230,709Balance Sheet Assets:Cash and money market accounts ..................................................... $ 2,670,640Common stock at fair market value .................................................... 32,981,360U.S. Treasury bills at fair market value ............................................... 999,990Partnership interest at fair market value ............................................. 234,430Real estate at fair market value ........................................................... 6,351,136Other investments at cost .................................................................... 1,980 Total cash and investments ............................................................ 43,239,536Employee advance ............................................................................... 11,311Total assets ......................................................................................... $ 43,250,847Liabilities and Net Assets:Security deposits ............................................................................... $ 5,000Net assets at fair market value ............................................................ 43,245,847Total liabilities and net assets ........................................................... $ 43,250,847The Foundation’s nancial statements are audited by Kundinger, Corder & Engle, P.C. A copy of the audited nancials is available upon request.3The Kenneth King Foundation Financial StatementsDecember 31, 2013Revenue and Expenses (Cash Basis)

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Arts, Culture and the Humanities FundingAgency Name Amount of Funding Ballet Nouveau Colorado ...................................................................................$1,500 Capitol Hill United Neighborhoods ...................................................................$2,500 Colorado Ballet ..................................................................................................$5,000Colorado Historical Society ............................................................................... $2,500Colorado Symphony Association ....................................................................$20,000 Denver Lyric Opera Guild ...............................................................................$10,000 Denver Museum of Nature and Science ..........................................................$50,000 Denver Urban Gardens .........................................................................................$500 Grand Junction Symphony Orchestra ................................................................$2,500 Grand Valley Zoological Quest .......................................................................... $1,500 Greenway Foundation, aka South Platte River Greenway Foundation, Inc. .............................................. $500 Mesa Verde Foundation .....................................................................................$2,500 National Repertory Orchestra ............................................................................$2,500 Price Pioneer Museum .......................................................................................$1,500 Southern Colorado Repertory Theatre ..................................................................$500 Stanley Museum of Colorado ............................................................................$1,000 Young America’s Foundation .............................................................................$1,500 Arts, Culture and the Humanities Total $106,0005

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Basic Needs FundingAgency Name Amount of Funding All Points Transit ...............................................................................................$2,000 Assistance League of Colorado Springs ............................................................$1,500 Audio Information Network of Colorado ..........................................................$2,500 Bayaud Industries ...............................................................................................$6,000 Boys and Girls Club of Chaffee County ............................................................$2,500 Brothers Redevelopment Inc. .............................................................................$5,000 Capitol Hill Community Services .................................................................... $35,000 Care And Share Food Bank for Southern Colorado ...........................................$5,000 Catholic Charities and Community Services of the Archdiocese of Denver, dba Catholic ........................................ $1,500 Catholic Charities of Diocese of Pueblo ............................................................ $1,500 Child & Migrant Services (CMS) ......................................................................$1,500 Church of the Holy Ghost ..................................................................................$2,000 Crossroads Ministry of Estes Park ................................................................... $10,000 Denver Inner City Parish ...................................................................................$1,000 Denver Lions Foundation ..................................................................................$2,500 Denver Urban Ministries ....................................................................................$1,500 Dress for Success Denver ..................................................................................$1,500 Elbert County Coalition for Outreach ................................................................ $1,000 Emergency Family Assistance Association........................................................$1,500 Empowerment International ...............................................................................$2,500 First Baptist Church .........................................................................................$36,000 Friends of the Haven .......................................................................................... $1,500 Friendship Bridge ...............................................................................................$2,500 Gathering Place .................................................................................................. $2,500 Global Livingston Institute ................................................................................$2,500 Goodwill Industries of Colorado Springs ........................................................$50,000 6

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7Agency Name Amount of Funding Haven House ...................................................................................................... $1,500 Loaves and Fishes Ministries of Fremont County .............................................$1,500 Manna - The Durango Soup Kitchen .................................................................$1,500 Marine Corps Scholarship Foundation .................................................................$550 Mi Casa .............................................................................................................$2,500 Open Door Ministries ........................................................................................$2,500 Pueblo Cooperative Care Center ........................................................................$2,500 Rainbow Bridge, aka Bessie’s Hope .................................................................. $2,500 Senior Assistance Center ....................................................................................$2,500 Senior Support Services ..................................................................................... $6,500 Spring Institute for International Studies ......................................................... $20,000 Street Fraternity .................................................................................................$2,500 The Delores Project ............................................................................................$2,500 Warren Village .................................................................................................$15,000 We Don’t Waste ...............................................................................................$10,000 Women with a Cause.............................................................................................$500 Work Options for Women ..................................................................................$1,500Basic Needs Total $308,550

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Community and Civic InvolvementAgency Name Amount of Funding Colorado Press Association Foundation ............................................................$2,500 Pedal the Plains ..................................................................................................$2,500 University of Denver ..........................................................................................$1,000 Community and Civic Involvement Total $6,000Crime Prevention, Intervention and Enforcement FundingAgency Name Amount of Funding Rocky Mountain Children’s Law Center ...........................................................$2,500Sacred Heart House of Denver ..........................................................................$1,500 Tu Casa ............................................................................................................$10,000 Crime Prevention, Intervention and Enforcement Total $14,000EducationAgency Name Amount of Funding Anchor Center for Blind Children .....................................................................$5,000ARCS Foundation, Inc. ...................................................................................... $5,000 Auraria Library ..............................................................................................$100,000 Colorado Christian University ...........................................................................$5,000 Colorado Hard at Work Kids (HAWKS) ...........................................................$1,500 Cottonwood Institute ..........................................................................................$2,500 Creative Growth, Inc. .........................................................................................$1,500 East High School - State Constitutional Scholars Team ...................................$1,000 FASB Fitness Festival Inc. ...............................................................................$10,000 Florence Crittenton Services of Colorado ..........................................................$5,000 Friends of Slavens School ..................................................................................$1,500 I Love U Guys Foundation ...................................................................................$500 Inner-City Christian School Partnership ............................................................$1,500 Johnson & Wales University ............................................................................ $21,000 Junior Achievement - Rocky Mountain Inc. ......................................................$5,000 Liberty Day Colorado ......................................................................................$25,000 Moffat County 4H Foundation ..............................................................................$500 Phillips Foundation ............................................................................................$1,500 Pueblo Community College Foundation ............................................................$2,500 Regis University ...............................................................................................$12,000 Roaring Fork School District RE-1 ..................................................................$12,458 Sigma Chi Foundation .....................................................................................$40,000 St. Mary’s Academy ........................................................................................... $2,500 St. Vincent de Paul School ................................................................................. $1,500 University of Northern Colorado Foundation .................................................... $6,000 Volunteers of America ......................................................................................$25,000 Education Total $294,9589

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Individual and Family Support Services Agency Name Amount of Funding Denver Kids, Inc. ...............................................................................................$1,500Desert Edge Therapy ..........................................................................................$1,500 Excelsior! Youth Centers ...................................................................................$5,000 Fremont Regional Elder Support at Home (F.R.E.S.H.) ....................................$1,500 Kempe Foundation for the Prevention and Treatment of Child Abuse and Neglect .............................................................. $5,000 OneMorgan County............................................................................................$2,500 Parents Challenge ...............................................................................................$1,000 Savio House .......................................................................................................$2,500 Individual and Family Support Services Total $20,500 10

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Individual, Youth and Family EnrichmentAgency Name Amount of Funding Boy Scouts of America - Denver Area Council .................................................$2,500 Boys and Girls Club of Northwest Colorado ..................................................... $1,500 Colorado Youth Baseball Foundation ...................................................................$500 First Baptist Church ...........................................................................................$5,143Geneva Glen Camp, Inc. .................................................................................... $1,500 Marble Retreat ...................................................................................................$1,500 National Day of Prayer Task Force .................................................................... $1,500 Respite Care Inc. ................................................................................................ $1,500 St. Mary’s Hospital Foundation .........................................................................$2,500 Therapeutic Riding & Education Center ............................................................$2,500 Individual, Youth and Family Enrichment Total $20,643Mental HealthAgency Name Amount of Funding Aurora Mental Health Center .............................................................................$1,500CHARG Resource Center ..................................................................................$5,000 Denver Health Foundation ................................................................................. $2,500 Mental Health America of Colorado ..................................................................$2,500 Mental Health Total $11,50011

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Personal and Public HealthAgency Name Amount of Funding Cancer League of Colorado ...............................................................................$5,000 Carin Clinic ........................................................................................................ $2,500 Clinica Tepeyac .................................................................................................. $5,000 Colorado Northwestern Community College Foundation (CNCC) ...................$1,000 Craig Hospital Foundation ............................................................................... $10,000 Cross D Bar Recreation Foundation ..................................................................$1,500 Denver Hospice ..................................................................................................$5,000 Doctors Care ......................................................................................................$2,500 Domus Pacis.......................................................................................................$1,500 Ensight Skills Center........................................................................................$10,000 Estes Park Quota Foundation ............................................................................. $1,500 Freedom to Cowboy Therapeutic Riding Center ..................................................$500 HospiceCare of Boulder and Broomeld County .............................................. $5,000 Kids in Need of Dentistry /KIND ....................................................................$10,000 Mile High Down Syndrome Association, Inc. ...................................................$1,000 Mt. Evans Hospice, Inc. ..................................................................................... $1,500 Northwest Colorado Visiting Nurses Association, Inc.......................................$2,500 Yampa Valley Crisis Pregnancy Center ................................................................$500 Personal and Public Health Total $66,50012

Annual Report 2013

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