GCI announces two entrepreneur opportunities that support Colorado's children:
The Colorado Innovation Network
, with the support of Gary Community Investments announce Imagine Colorado, a first-of-its-kind statewide open innovation challenge that is seeking bold actionable ideas from Colorado residents in response to the challenge question:
How would you connect Colorado's youth to a healthier lifestyle?
Submit your idea and learn more
Colorado State EITC Awareness Day
To celebrate the Colorado state Earned Income Tax Credit (EITC) being available to working families for the first time in 15 years, Governor Hickenlooper proclaimed January 28 Colorado State EITC Awareness Day. Together with
Colorado Fiscal Institute
Mile High United Way
, The Piton Foundation hosted a press conference where Lt. Governor Joseph Garcia read the proclamation and spoke about the importance of ensuring eligible families claim the state EITC. Lt. Gov. Joe Garcia was joined by State Senator John Kefalas and Krysten Stevenson, an EITC recipient and member of
. Click here
to watch the Lt. Governor reading the proclamation.
in the News
- The Denver Post mentioned The Piton Foundation in a front page story about the new Colorado state Earned Income Tax Credit (EITC).
- The Denver Post ran a piece on Denver's Social Impact Bound homelessness initiative.
- The Piton Foundation was mentioned in the Kansas City Star for its early investment in the Denver Preschool Program.
- Fox31 Denver also covered the new Colorado state EITC, including perspective from recipients of the credit.
ecognizes Sam and Nancy Gary
Executives Partnering to Invest in Children (EPIC)
hosted its 6th Annual Business Leaders Dinner on November 12, 2015. During the dinner, EPIC presented the inaugural EPIC award to Sam and Nancy Gary for their lifetime commitment to early childhood care and education in Colorado. Read more
City of Denver
Social Impact Bond Program
The Piton Foundation is proud to partner with the City of Denver on its first Pay for Success (PFS) project to provide permanent housing and supportive services to 250 chronically homeless individuals with behavioral health and substance abuse challenges. This initiative will deliver intensive case management to those who frequently interact with the criminal justice and emergency care systems in order to create long-term solutions for a hard-to-reach population. Piton's $500,000 investment is part of $8.6 million in financing from eight lenders that will support comprehensive service provision and align spending with measurable results. Read more about the program here.
Gary Community News is an e-newsletter that provides updates from Gary Community Investments, which includes The Piton Foundation. We invest in for-profit and philanthropic solutions for Colorado's low-income children and their families. Learn more.
Investment Portfolio Now Online
Learn more about how our investments are improving the lives of Colorado's children
Gary Community Investments recently launched an online
, which features profiles of select, strategically-aligned investments.
We invite you to explore this new website section to learn how we are using business and philanthropy to create opportunities for Colorado's low-income children and their families.
New investment profiles will be added frequently, so please check back often!
Meet Bruce Hoyt, SVP Investments
Bruce Hoyt recently took on the role of Senior Vice President, Investments for Gary Community Investments and The Piton Foundation. Here, he shares more on his background, interests and why he's excited to put his decades of investment experience to work for Colorado's kids.
In your new role, how will you help GCI advance its mission?
I hope that the combination of my 31 years of investment banking experience and long time community activism will provide me with the tools and insights to advance our desire to put more impact investment dollars to work in Colorado. That is a nice way of saying I'm old.
Why were you interested in philanthropy and impact investing?
I have been a community
volunteer for over 30 years. When my head hit the pillow at night I found myself usually
thinking about the nonprofit accomplishments more than my day job. I have always hoped to
end my career working with a foundation and consider myself incredibly lucky to get this
opportunity. Denver is one of the most hopeful cities in the nation in terms of bold leaders
from all walks willing to take on large challenges to solve problems. I believe GCI can act as a
catalyst and help craft solutions that will change the lives of children in poverty. Impact
investing makes intuitive sense to me. Impact investments will allow GCI to make its
investment capital go farther, create sustainable funding for many Denver nonprofits, and
bring an impact discipline that
will allow us and others to funnel capital to those that make the
biggest difference for our kids.
Read Bruce's full interview here.
Investee Spotlight: Colorado Children's Healthcare Access Program
In 2006, Colorado children on Medicaid faced a problem that Dr. Steve Poole was determined to solve. Although more than 200,000 kids across the state were relying on public insurance, less than 20 percent of pediatric practices accepted Medicaid, leaving a significant number of low-income children without a primary care physician. The Piton Foundation's Sam Gary and Children's Hospital's Jim Todd came to me eight years ago and said, 'You need to fix this'," says Dr. Poole, who was serving as the Vice Chairman of the Department of Pediatrics at the University of Colorado School of Medicine.
Dr. Poole began by surveying pediatric practices to better understand why they were refusing to offer care to children who needed it most. He discovered that physicians wanted to serve Medicaid-eligible children, but most private practices, which operate like small businesses, simply couldn't afford to because the state government covered less than two-thirds of the cost of providing care.
Continue reading the full story here.
Community Facts Upgrades & Public Information Campaign Reports
- In response to feedback received from Community Facts users, the Data Initiative has made new enhancements to the tool, allowing it to better serve the community's needs. These enhancements, which are now live, were informed by input received at the Community Facts launch event earlier this year and further discussion among our key stakeholder group.
- Read the recently released 2015 annual report, which provides an overview of the significant projects completed by the Data Initiative over the past year.
- The Data Initiative will be doing a series of joint research projects with the Colorado Futures Center at Colorado State University in 2016. Specifically, the work will focus on issues of middle class employment, housing affordability, funding of county human services programs, and education achievement in the context of achieving family economic security.
arned Income Tax Credit Outreach:
For the first time in 15 years, the state Earned Income Tax Credit (EITC) is available to Colorado residents, and working families could be eligible for an even bigger refund at tax time.
With tax filing recently opening, we encourage you to help raise awareness about the EITC and free tax help. Through Piton's EITC public information campaign, a suite of educational materials, including an
EITC & free tax help flier,
poster in English & Spanish
electronic newsletter & website copy
, is available to nonprofits, government agencies, community organizations and businesses.
Hard copy versions of these materials are available for free in any quantity by contacting
The Tax Help Colorado program is now offering free tax help to individuals and families with incomes less than $53,000, helping to link more families to the Earned Income Tax Credit while easing the cost of commercial tax preparation on low-wage earners.
During the 2016 tax season, Tax Help Colorado is operating 27 free tax sites across the state, where IRS-certified high school and college students prepare and e-file tax returns for free.
For tax site locations, dates and times, download