Prosperity Denver Fund is thrilled to announce that this fall’s distribution cycle was the largest to date, allowing us to exceed 100% distribution of annual revenue and begin to distribute our funds in reserve! This significant accomplishment was made possible thanks to ordinance changes approved by City Council last summer. These changes expanded eligibility and added two new funding programs that serve learners on a credentials postsecondary pathway and in high school as they prepare for postsecondary education.
In the years ahead we will continue to grow our impact and provide much needed resources to increase enrollment rates of Denver residents into post secondary pathways. In partnership with our outstanding supported organizations, we will continue to make an impact through 2024 and beyond in driving down equity gaps in education and creating a more prosperous Denver.
To learn more about our exponential growth read our latest press release HERE.
To read the rest of this newsletter click HERE.
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About the Denver Prosperity Fund
In 2018, Denver voters passed a ballot initiative known as Prosperity Denver. The ordinance called for a 0.08% sales tax (less than one cent on $10) which would be distributed in the form of reimbursements to nonprofits providing scholarships to Denver students. Prosperity Denver Fund, a 501(c)3 nonprofit, manages and distributes this funding, contributing millions each year to eligible organizations.
