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        <UnrelatedBusinessRevenueAmt>0</UnrelatedBusinessRevenueAmt>
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      <OtherExpensesGrp>
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      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>0</AccountantCompileOrReviewInd>
      <FSAuditedInd>1</FSAuditedInd>
      <FSAuditedBasisGrp>
        <SeparateBasisFinclStmtInd>X</SeparateBasisFinclStmtInd>
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        <CurrentTaxYearAmt>1857508</CurrentTaxYearAmt>
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      <PublicSupportCY509Pct>0.84850</PublicSupportCY509Pct>
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      <InvestmentIncomeCYPct>0.02270</InvestmentIncomeCYPct>
      <InvestmentIncomePYPct>0.01650</InvestmentIncomePYPct>
      <ThirtyThrPctSuprtTestsCY509Ind>X</ThirtyThrPctSuprtTestsCY509Ind>
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    <IRS990ScheduleB documentId="RetDoc1234500001">
      <ContributorInformationGrp>
        <ContributorNum>RESTRICTED</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
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        <TotalContributionsAmt>RESTRICTED</TotalContributionsAmt>
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        <EndYearBalanceAmt>2071769</EndYearBalanceAmt>
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      <CYMinus1YrEndwmtFundGrp>
        <BeginningYearBalanceAmt>1766279</BeginningYearBalanceAmt>
        <ContributionsAmt>21000</ContributionsAmt>
        <InvestmentEarningsOrLossesAmt>168169</InvestmentEarningsOrLossesAmt>
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        <EndYearBalanceAmt>1872948</EndYearBalanceAmt>
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        <EndYearBalanceAmt>1766279</EndYearBalanceAmt>
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      <CYMinus3YrEndwmtFundGrp>
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        <EndYearBalanceAmt>2105173</EndYearBalanceAmt>
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        <EndYearBalanceAmt>1345715</EndYearBalanceAmt>
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      <EndowmentsHeldRelatedOrgInd>0</EndowmentsHeldRelatedOrgInd>
      <TotalBookValueLandBuildingsAmt>0</TotalBookValueLandBuildingsAmt>
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      <NetUnrealizedGainsInvstAmt>251025</NetUnrealizedGainsInvstAmt>
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      <RevenueSubtotalAmt>2425977</RevenueSubtotalAmt>
      <InvestmentExpensesNotIncldAmt>22439</InvestmentExpensesNotIncldAmt>
      <RevenueNotReportedFinclStmtAmt>22439</RevenueNotReportedFinclStmtAmt>
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      <ExpensesNotReportedAmt>0</ExpensesNotReportedAmt>
      <ExpensesSubtotalAmt>1900770</ExpensesSubtotalAmt>
      <ExpensesNotRptFinclStmtAmt>0</ExpensesNotRptFinclStmtAmt>
      <TotalExpensesPerForm990Amt>1900770</TotalExpensesPerForm990Amt>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART V, LINE 4:</FormAndLineReferenceDesc>
        <ExplanationTxt>TO PROVIDE SUPPORT FOR THE ORGANIZATION.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleD>
    <IRS990ScheduleG documentId="RetDoc1041300001">
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        <Event1Nm>ANNUAL GALA</Event1Nm>
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        <CharitableContriEvent1Amt>1603757</CharitableContriEvent1Amt>
        <GrossRevenueEvent1Amt>554257</GrossRevenueEvent1Amt>
        <RentFacilityCostsEvent1Amt>151328</RentFacilityCostsEvent1Amt>
        <OtherDirectExpensesEvent1Amt>79345</OtherDirectExpensesEvent1Amt>
        <GrossReceiptsTotalAmt>2158014</GrossReceiptsTotalAmt>
        <CharitableContributionsTotAmt>1603757</CharitableContributionsTotAmt>
        <GrossRevenueTotalEventsAmt>554257</GrossRevenueTotalEventsAmt>
        <RentFcltyCostsTotalEventsAmt>151328</RentFcltyCostsTotalEventsAmt>
        <OthDirectExpnssTotalEventsAmt>79345</OthDirectExpnssTotalEventsAmt>
        <DirectExpenseSummaryEventsAmt>230673</DirectExpenseSummaryEventsAmt>
        <NetIncomeSummaryAmt>323584</NetIncomeSummaryAmt>
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    </IRS990ScheduleG>
    <IRS990ScheduleI documentId="RetDoc1041900001">
      <GrantRecordsMaintainedInd>1</GrantRecordsMaintainedInd>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>ASPEN SCHOOL DISTRICT</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>235 HIGH SCHOOL ROAD</AddressLine1Txt>
          <CityNm>ASPEN</CityNm>
          <StateAbbreviationCd>CO</StateAbbreviationCd>
          <ZIPCd>81611</ZIPCd>
        </USAddress>
        <RecipientEIN>846002890</RecipientEIN>
        <IRCSectionDesc>GOVERNMENT</IRCSectionDesc>
        <CashGrantAmt>1483279</CashGrantAmt>
        <NonCashAssistanceAmt>0</NonCashAssistanceAmt>
        <PurposeOfGrantTxt>FUNDING EDUCATIONAL PROGRAMS AT THE ASPEN SCHOOL DISTRICT.</PurposeOfGrantTxt>
      </RecipientTable>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART I, LINE 2:</FormAndLineReferenceDesc>
        <ExplanationTxt>ONGOING MONITORING BY FOUNDATION STAFF MEMBERS.</ExplanationTxt>
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    </IRS990ScheduleI>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>DRAFT COPY OF THE 990 PROVIDED TO THE ORGANIZATIONS GOVERNING BOARD BEFORE THE RETURN IS FINALIZED AND FILED.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>GOVERNING DOCUMENTS AVAILABLE UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="RetDoc1043400001">
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        <DisregardedEntityName>
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        </USAddress>
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      <LoansOrGuaranteesFromOthOrgInd>0</LoansOrGuaranteesFromOthOrgInd>
      <DivRelatedOrganizationInd>0</DivRelatedOrganizationInd>
      <AssetSaleToOtherOrgInd>0</AssetSaleToOtherOrgInd>
      <AssetPurchaseFromOtherOrgInd>0</AssetPurchaseFromOtherOrgInd>
      <AssetExchangeInd>0</AssetExchangeInd>
      <RentalOfFacilitiesToOthOrgInd>0</RentalOfFacilitiesToOthOrgInd>
      <RentalOfFcltsFromOthOrgInd>0</RentalOfFcltsFromOthOrgInd>
      <PerformOfServicesForOthOrgInd>0</PerformOfServicesForOthOrgInd>
      <PerformOfServicesByOtherOrgInd>0</PerformOfServicesByOtherOrgInd>
      <SharingOfFacilitiesInd>0</SharingOfFacilitiesInd>
      <PaidEmployeesSharingInd>0</PaidEmployeesSharingInd>
      <ReimbursementPaidToOtherOrgInd>0</ReimbursementPaidToOtherOrgInd>
      <ReimbursementPaidByOtherOrgInd>0</ReimbursementPaidByOtherOrgInd>
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      <TransferFromOtherOrgInd>0</TransferFromOtherOrgInd>
      <TransactionsRelatedOrgGrp>
        <OtherOrganizationName>
          <BusinessNameLine1Txt>ASPEN SCHOOL DISTRICT</BusinessNameLine1Txt>
        </OtherOrganizationName>
        <TransactionTypeTxt>B</TransactionTypeTxt>
        <InvolvedAmt>1483279</InvolvedAmt>
        <MethodOfAmountDeterminationTxt>CASH</MethodOfAmountDeterminationTxt>
      </TransactionsRelatedOrgGrp>
    </IRS990ScheduleR>
  </ReturnData>
</Return>