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2018K E N N E T H K I N GF O U N D A T I O NA N N U A LR E P O R TP . O . B o x 6 6 9 9D e n v e r , C O . 8 0 2 0 6w w w . k e n n e t h k i n g f o u n d a t i o n . o r g P.O. Box 6699Denver, CO 80206 Phone: 303-832-3200Fax: 303-328-2322 www.kennethkingfoundation.org
2018ANNUAL LETTEREnclosed please find the 2018 KennethKing Foundation Annual Report. In 2018, the Foundation made$1,112,500 in grants and $591,502 inProgram Related Investments toColorado-based organizations. Ourgrantmaking and program relatedinvestment funding continued to focuson creating employment andentrepreneurship opportunities for thosein need. TheFoundation continues to expand itsrural grantmaking, including increasingour past investments in regions such asthe San Luis Valley, where under-employment, generational poverty andaccess to education is lacking. In 2019, we will continue to expand ourprogram related investment portfolio bypartnering with social enterprises tocreate meaningful careers for the under-served. Thank you for your continuedcommitment to improve our community.P A G E 1
FINANCIALSP A G E 3The Foundation's financial statements are audited by Kundinger, Corder & Engle,P.C.
T.E. Welker, Board ChairMatthew R. Banner, III, DirectorStacey Hekkert, DirectorJohn Love, Treasurer/DirectorJared Minor, DirectorJanice K. Fritsch, President2018BOARD OFDIRECTORSThe Kenneth King Foundation accepts grant applications by invitationonly. Invitations to apply for a grant are sent to mission-alignedorganizations throughout the year, generally no later than 60 days beforethe grant proposal deadline. The Foundation has instituted two deadlinesto apply for funding: March 1 – Basic Human Needs that remove barriers to employmentSeptember 1 – Entrepreneurship and Jobs Programs For organizations interested in applying, who have not received aninvitation to apply, please submit a letter of inquiry alongside year-to-date financial statements (state of income and balance sheet). TheFoundation will notify these organizations if they are eligible to apply forfunding for their respective program area.GRANTMAKING GUIDELINESP A G E 4
Alamosa Live Music Association $5,000Broomfield Council Arts & Humanities $2,500Colorado Ballet $10,000Colorado Springs Philharmonic Orchestra $10,000Colorado Symphony Association $37,500Denver Lyric Opera Guild $20,000Denver Museum of Nature and Science $37,500Edwards Interfaith Chapel Community Center $10,000Emerald City Opera (Steamboat Opera) $5,000Gunnison Council for the Arts $10,000Jefferson Symphony Assoc. $5,000Littleton Town Hall Arts Center $10,000Museum of Friends $10,000Opera Colorado $10,000Phamaly $5,000Rocky Mountain Repertory Theatre $10,000Swallow Hill Music $10,000Yampa Valley Performing Arts Council $5,000 Total Arts, Culture & Humanities Funding $212,500, (19%) Grants and Investments by Program AreaARTS, CULTURE &HUMANITIESP A G E 5
Attention Inc. $10,000Capitol Hill Community Services $50,000Central Visitation Program $5,000Colorado Homeless Coalition $35,000Colorado Lions KidSight Program $10,000Community Resource Center $5,000Delores Project $10,000Denver Food Rescue $10,000Emergency Family Assistance Association $10,000First Baptist Church of Denver $15,000Gabby Krause Foundation $10,000Institute for Leaders in Development $5,000La Puente Home $50,000Manna Soup Kitchen $15,000Metro Caring $15,000OUR Center $10,000Project Self Sufficiency $10,000Rocky Mountain MS Center $10,000The Gathering Place $10,000Warren Village $20,000WINGS Foundation $10,000 Total Basic Needs Funding $325,000, (29%)Grants and Investments by Program AreaHUMAN SERVICESP A G E 6
Bayaud Enterprises $25,000Blue Star Recyclers $15,000Bridge House $110,000CASA of the 7th District $10,000Center for Work Educ. & Employment $10,000Community College of Aurora $10,000Denver Homeless Voice $5,000ECDC African Community Center $5,000Emily Griffith Foundation $25,000Focus Points Family Resource Center $25,000Girls Inc. $10,000Goodwill Industries of Denver $75,000Hope Communities $15,000Mi Casa $25,000Mile High Workshop $20,000Partners in Housing $5,000Prodigy Ventures $15,000Resource Central $10,000Rocky Mountain MicroFinance Institute $25,000SAME Café $10,000Spring Institute $10,000Technical College of the Rockies $10,000Urban Peak Denver $10,000Western State Colo. University Foundation $10,000Women’s Bean Project $20,000Work Options for Women $10,000Worklife Partnership $20,000Total Jobs & Entrepreneurship Funding $540,000, (48.5%)Grants and Investments by Program AreaJOBS ANDENTREPRENEURSHIPP A G E 7
Denver Scholarship Foundation $5,000Green and Gold Foundation $5,000Sigma Chi Foundation $10,000St. Elizabeth’s School $10,000William Roberts School E-8 $5,000Total Education Funding $35,000, (3.1%)Grants and Investments by Program AreaEDUCATIONP A G E 8Total Grant Funding in 2018 $1,112,500Altius Farms (Equity investment) - $100,000For job creation and to provide access to healthy foods to surrounding socialenterprises. Bits Box - Codepops (Equity investment) - $200,002For underserved children in rural schools, to provide access to learning how to code. Colorado Lending Source (Loan) - $116,500Lending capital for underserved entrepreneurs. Knotty Tie (Equity Investment) - $125,000To purchase manufacturing equipment. Rocky Mountain Microfinance Institute (Loan) - $50,000Lending capital for underserved entrepreneurs. Total Program Related Investments $591,502 Grants and Investments by Program AreaPROGRAM RELATEDINVESTMENTS
Mailing Address:Kenneth King FoundationPO Box 6699Denver, CO 80206 Phone: 303-832-3200Fax: 303-328-2322www.kennethkingfoundation.orginfo@kennethkingfoundation.orgCONTACT INFORMATIONP A G E 9