El Pomar Foundation
| Founded | 1937 |
|---|---|
| Founder | Spencer and Julie Penrose |
| Dissolved | Active |
| Type | 501c |
| Location | |
|
Area served
|
State of Colorado |
| Mission | Provide grants to nonprofits that provide basic services such as food, clothing, and shelter to people in need. |
| Website | http://www.elpomar.org/ |
El Pomar Foundation is a Colorado nonprofit organization (nonprofits) established in 1937 by Spencer and Julie Penrose. Assets reported on the 2010 Form 990-PF were $471,530,109.00. The foundation awards grants totaling around $20 million annually ($18,778,434; 2010 Form 990-PF) to nonprofits that provide basic services such as food, clothing, and shelter to people in need. In 2010 El Pomar reached a milestone with the 10,000th grant distributed. The recipient was the Colorado Springs Fine Arts Center, which was co-founded by Julie, and was the first grant recipient of $2000.00 from the El Pomar Foundation in 1938.
The name "el pomar" is Spanish for "the apple orchard" and was the name of a single story residence, built for Ashton and Grace Goodyear Potter, in what was the Dixon apple orchard in 1910. Spencer and Julie acquired the residence in 1916 and added a second and third floor.
El Pomar was founded in 1937 with 129,500 dollars and 15,000 shares of stock in the Penrose company.
El Pomar has created or operates several charity funds.
In September 2006, the El Pomar foundation was given control of the "Anna Keesling Ackerman Fund". The fund, founded by Mr. Jasper D. Ackerman in 1963 and named after his mother, is maintained separately. With primary concerns involving the Pikes Peak Region and El Paso County the fund supports the arts and humanities, education, health, human services, and civic and community initiatives. Ackerman was co-founder of the Hall of Great Westerners in Oklahoma City.
In 2002, the foundation created the "El Pomar Wild Lands Fire Fund" with 5 million dollars to provide assistance to any firefighting districts across Colorado.
In 2008, the "Colorado Assistance Fund" was established to provide grants to nonprofits that provides basic services such as food, clothing, and shelter to people in need in the Pikes Peak area, Pueblo County, and the nine rural regions set up by El Pomar.
Freda Hambrick worked for Jasper D. Ackerman and the "Freda Hambrick Foundation" was founded in 1988. On November 4, 2010, the foundation terminated with all the assets, having been granted to the El Pomar Foundation, and the charity continues within El Pomar as a fund.
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