El Pomar Foundation is a private, general purpose foundation established in 1937 by Spencer and Julie Penrose. With a mission to “enhance, encourage, and promote the current and future well-being of the people of Colorado,” El Pomar Foundation provides more than $22 million annually in grants and programs throughout the state. Spencer Penrose incorporated El Pomar Foundation in 1937 with a donation of 15,000 shares of stock in El Pomar Investment Company and a check for $129,500. In its first year, the Foundation made 5 grants, totaling $81,737, to: Junior League of Colorado Springs Nutrition Camp, Fountain Valley School of Colorado, Penrose Colorado Community School, Glockner Hospital, and the Boys & Girls Club of Colorado Springs. Penrose contributed an additional $15 million two years later upon his death in 1939 and Julie Penrose served as the President of the Foundation until her passing in 1956. More information...
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