Aspen Community Foundation

Organization Overview

Aspen Community Foundation is located in Basalt, CO. The organization was established in 1982. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Aspen Community Foundation employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aspen Community Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Aspen Community Foundation generated $28.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $18.8m during the year ending 12/2021. While expenses have increased by 8.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Aspen Community Foundation has awarded 1,557 individual grants totaling $69,811,991. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ASPEN COMMUNITY FOUNDATION BUILDS PHILANTHROPY AND SUPPORTS NONPROFIT ORGANIZATIONS BY CONNECTING DONORS TO COMMUNITY NEEDS, BUILDING PERMANENT CHARITABLE FUNDS AND BRINGING PEOPLE TOGETHER TO SOLVE COMMUNITY PROBLEMS.

Describe the Organization's Program Activity:

IN 2021, THE FOUNDATION PROVIDED GRANTMAKING IN THREE AREAS; 1. THE FOUNDATION'S UNRESTRICTED GRANTMAKING FOR ESSENTIAL SERVICES BY NONPROFITS IN THE FOUNDATION'S SERVICE AREA, FUNDED BY AN ANNUAL FUNDRAISING DRIVE. 2. DONOR ADVISED FUND GRANTMAKING IS SUPPORTED FROM OVER 100 DONOR ADVISED FUND, MEETING THE PHILANTHROPIC GOALS OF THE FOUNDATION'S DONORS. 3. DESIGNATED AND SCHOLARSHIP FUNDS PROVIDE GRANTS FOR SPECIFIED PURPOSES IDENTIFIED BY THE FUND'S DESIGN AND ADMINISTERED BY THE FOUNDATION.


IN 2021 THE FOUNDATION CONTINUED ITS CRADLE-TO-CAREER INITIATIVE, A COLLECTIVE IMPACT PROJECT IN PARTNERSHIP WITH NONPROFITS, LOCAL GOVERNMENTS, SCHOOL DISTRICTS, CIVIC ORGANIZATIONS, DONORS AND BUSINESSES TOWARD ITS GOAL TO INCREASE AND ENRICH EDUCATIONAL OPPORTUNITIES FOR ALL CHILDREN FROM 0 - 18 TO BE PREPARED TO ENTER SCHOOL, TO BE SUCCESSFUL IN SCHOOL AND TO GRADUATE FROM SCHOOL PREPARED FOR COLLEGE AND CAREER.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $208,800
All other contributions, gifts, grants, and similar amounts not included above$27,836,517
Noncash contributions included in lines 1a–1f $9,384,510
Total Revenue from Contributions, Gifts, Grants & Similar$28,045,317
Total Program Service Revenue$0
Investment income $256,109
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $28,301,426

Grants Awarded

Over the last fiscal year, Aspen Community Foundation has awarded $15,973,080 in support to 316 organizations.

Grant RecipientAmount

ASPEN SANTA FE BALLET

Org PageRecipient Profile

Aspen, CO

PURPOSE: GENERAL SUPPORT

$927,457

HAMMER MUSEUM OF ART AND CULTURAL CENTER AT UCLA

Org PageRecipient Profile

Los Angeles, CA

PURPOSE: GENERAL SUPPORT

$611,600

Aspen, CO

PURPOSE: GENERAL SUPPORT

$609,600

JAZZ ASPEN SNOWMASS

Org PageRecipient Profile

Aspen, CO

PURPOSE: GENERAL SUPPORT

$578,501

VIRGINIA ATHLETICS FOUNDATION

Org PageRecipient Profile

Charlottesville, VA

PURPOSE: GENERAL SUPPORT

$502,500

FARMS WORK WONDERS

Org PageRecipient Profile

Wardensville, WV

PURPOSE: GENERAL SUPPORT

$500,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Aspen Community Foundation has recieved totaling $4,100.

Awarding OrganizationAmount
Bluespruce Foundation

Chicago, IL

PURPOSE: GENERAL SUPPORT

$2,600
Kahle Foundation Inc

Vero Beach, FL

PURPOSE: FURTHERANCE OF CHARITABLE ACTIVITY

$1,000
$500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$89,015
Earnings$9,560
Net Contributions$100,000
Ending Balance$198,575

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