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Annual Report 2019

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2019K 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 gP.O. Box 6699Denver, CO 80206Phone: 303-832-3200Fax: 303-328-2322www.kennethkingfoundation.org

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2019ANNUAL REPORTEnclosed please find the 2019 KennethKing Foundation Annual Report.In 2019, the Foundation made$1,660,000 in grants and $385,001 inProgram Related Investments toColorado-based organizations. Our grantmaking and program relatedinvestment funding continues to focus oncreating employment andentrepreneurship opportunities for thosein need. In 2020, in response to thedevastating economic impacts of COVID-19, the Foundation will increase fundingtowards emergency services and basicneeds providers in urban and rural areas.Thank you for your continuedcommitment to improve our community.P A G E  1

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2019 FINANCIALSP A G E 3Statement of Financial PositionAssetsCash and cash equivalents $102,499Investments, at market value 60,773,152 Program related investments 1,521,810 Total Assets $62,397,461 Liabilities $0Total Net Assets $62,397,461 Statement of Revenue, Expenses & Other Changes in Net AssetsRevenuesInterest and Dividends $1,879,623Net realized gains on sales of investments 1,235,541 Other income 55Investment expense (71,683)Total revenues $3,043,536ExpensesGrants paid $1,660,000Other grant expenses 120,813Total program expenses $1,780,813Administrative expenses $496,415Excise taxes paid 32,718Total expenses $2,309,946Expenses of revenues over expenses $733,590

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T.E. Welker, Board ChairMatthew R. Banner, III, DirectorStacey Duke, Treasurer/DirectorJohn Love, DirectorJared Minor, DirectorJanice K. Fritsch, PresidentCindy Willard, Contract Program Officer2019BOARD OF DIRECTORS& STAFFThe Kenneth King Foundation accepts grant applications by invitation only.Invitations to apply for a grant are sent to mission-aligned organizationsthroughout the year, generally no later than 60 days before the grant proposaldeadline. The Foundation has two deadlines to apply for funding (please checkweb site for specific dates):March 1 timeframe – Basic Human Needs that remove barriers to employmentSeptember 1 timeframe – Entrepreneurship and Jobs ProgramsFor organizations interested in applying, who have not received an invitation toapply, please submit a letter of inquiry alongside year-to-date financialstatements (statement of income and balance sheet). The Foundation willnotify these organizations if they are eligible to apply for funding for theirrespective program area.GRANTMAKING GUIDELINESP A G E 4

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Access Gallery $10,000Alamosa Live Music Association                 $5,000Blue Sage Center for the Arts $5,000Broomfield Council Arts & Humanities          $2,500Colorado Ballet                              $10,000Colorado Historical Society/History Colorado $10,000Colorado Springs Philharmonic Orchestra      $10,000Colorado Symphony Association               $70,000Denver Lyric Opera Guild                      $10,000Denver Museum of Nature and Science         $15,000Denver Zoological Foundation $10,000Elsewhere Studios $5,000Gunnison Arts Center $10,000Emerald City Opera (Steamboat Opera)        $10,000Gunnison Council for the Arts                 $10,000Jefferson Symphony Association                   $7,500Littleton Town Hall Arts Center                $10,000Museum of Contemporary Art $10,000Museum of Friends                            $10,000Opera Colorado     $10,000Phamaly Theatre Company                     $10,000Rocky Mountain Repertory Theatre            $10,000Swallow Hill Music                             $10,000The Colorado College Summer Music Festival $10,000Yampa Valley Performing Arts Council   $5,000Total Arts, Culture & Humanities Funding $275,000, (16% of funding)Grants and Investments by Program AreaARTS, CULTURE & HUMANITIESP A G E 5

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Capitol Hill Community Services $50,000Durango Adult Education Center $15,000Girls Inc. $15,000Hands of the Carpenter $5,000Homeward Bound of the Grand Valley $20,000Outreach United Resource Center $15,000Rio Grande Farm Park $10,000Saint Francis Center $20,000Second Chance Center $25,000So All May Eat (SAME Cafe) $25,000The Delores Project $15,000The Gathering Place $10,000Urban Peak Denver $15,000Warren Village $50,000WorkLife Partnership $27,500Total Removing Barriers to Employment Funding $317,500, (19% of funding)Grants and Investments by Program AreaREMOVING BARRIERS TOEMPLOYMENTP A G E 6Central Visitation Program $5,000Community Foundation of the San Luis Valley $10,000Denver Children's Advocacy Center $10,000Denver South High School $5,000Kidpower of Colorado $5,000Kids in Need of Dentistry $5,000Total Community Engagement Funding $40,000, (2% of funding)Grants and Investments by Program AreaCOMMUNITY ENGAGEMENT

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Bayaud Enterprises                     $50,000Blind Institute of Technology $10,000Blue Star Recyclers $15,000Bridge House $60,000Celebrate Autism $5,000Center for Employment Opportunities $25,000Colorado Coalition for the Homeless $40,000Colorado Mesa University Foundation $25,000Denver Homeless VOICE $12,500Discover Goodwill $75,000Emergency Family Assistance Association $15,000Focus Points Family Resource Center $25,000Hope Communities $15,000La Puente Home  $65,000Manna Soup Kitchen $15,000Mesa Developmental Services, STRIVE $17,500Mi Casa Resource Center  $25,000Mile High Workshop  $20,000Mount Carmel Center of Excellence  $15,000Prodigy Ventures $30,000Solar Energy International  $50,000Unlimited Learning  $20,000Women's Bean Project $25,000Year One Inc., Mile High Youth Corps $20,000 Youth On Record $20,000Total Employment/Self-Sufficiency Funding $695,000, (42% of funding)Grants and Investments by Program AreaEMPLOYMENT & SELFSUFFICIENCYP A G E 7

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Bunker Labs $25,000Colorado Business Committee for the Arts $20,000Colorado Nonprofit Loan Fund $2,500Community College of Aurora Foundation  $20,000Defy Ventures Colorado  $20,000Dreamspring $10,000E for All $20,000Emily Griffith Foundation $25,000First Southwest Community Fund $15,000Impact Finance Center $5,000Metropolitan State College of Denver $15,000Rocky Mountain Microfinance Institute $25,000Young Americans Center for Financial Education $10,000Total Entrepreneurship Funding $212,500, (13% of funding)Grants and Investments by Program AreaENTREPRENEURSHIPP A G E 8ColoradoLions Kidsight Program $10,000Community Resource Center $10,000Denver Lions Foundation $10,000Denver South High School $5,000Eagle Valley Religious Foundation $10,000Green and Gold Foundation $2,500Kempe Foundation $5,000Mount St. Vincent Home $7,500Parent Possible $5,000Rocky Mountain Multiple Sclerosis Center $10,000Sigma Chi Foundation $10,000St. Elizabeth's School $10,000There With Care $5,000WINGS Foundation $10,000 Total Legacy Funding $120,000, (7% of funding)Grants and Investments by Program AreaLEGACY

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P A G E 9Bitsbox-Codepops (Equity investment) - $150,001To increase access to software coding education and materials for low-income youth inColorado's rural areas.First Southwest Fund (Loan) - $85,000To increase small business growth in Colorado's San Luis Valley.Community Enterprise Development Services (Loan) - $50,000Lending capital for underserved entrepreneurs.Dreamspring (Loan) - $50,000Lending capital for underserved entrepreneurs.WorkLife Partnership (Loan) - $50,000Emergency loan pool for low-income individuals.Total Program Related Investments $385,001Grants and Investments by Program AreaPROGRAM RELATEDINVESTMENTS