Spencer and Julie Penrose started the El Pomar Foundation in 1937 with a mission to "enhance, encourage, and promote the current and future well-being of the people of Colorado," according to the foundation's website.
Eighty-five years later, that mission has paid off: The foundation has awarded more than $700 million in grants to more than 4,000 organizations in the state's 64 counties, KRDO reports.
The money has helped non-profits in arts and culture, civic and community initiatives, education, and health and human services, the foundation says.
The Penroses "were champions of entrepreneurship and regional pride, and they shared a spirit of generosity and adventure," El Pomar's CEO says in a press release.
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