990-PF Return of Private Foundation - Foundationcenter

990-PF Return of Private Foundation QMBNO 157}4057

Form or Section 4947(a)(1) Nonexempt Charitable Trust ^00

DepvtnenlolNe7mssury Treated as a Private Foundation Inferno Flirnmnle sen,Ke Node The organization may be able to use e copy of this return to satisfy state reporting requirements

Far calendar year 2001, or tax year beginning , and ending

G Check all ~hal a I 0 Initial return 0 Final return 0 Amended return LJ Address than e E:1 Name Chan c e

Use the IRS Name of organization A Employer identification number

label RION FOUNDATION Otherwise, /O UNION COLONY BANK 84-1358074

print NumECVMstreet (arPOOOnnumber iimai.noiamvermacosumet address) Floem .-1h, 8 Telephone number or type ,O . BOX 1749 ( 970 ) 613-1140

See Specillc " O Instructions City or town state and ZIP cope C u uem,uon .oclimbon is ~ai~ gnaw n~~

OVELAND CO 80539 D1 Foreign organixations,check here ~ ED H Check type of organization O Section 501(c)(3)exempt pmalefoundation z cncckhere*naettaU~mmpu8aUO85%tst,

~

Section 4947(a)(1) nonexempt chanlable trust 0 Other taxable pmate foundation E If private foundation status was terminated I Fair marked value of all asses al end of year J Accounting method M Cash 0 Accrual under section 507(D)(1)(A), check here 10

(from Part II, cot (c), line 16) E:1 Other (specify) F It the foundation is in a 60-month termination " a 8 3 Q $ Q 1 3 , (Part l, column (o) must be on cash basis ) under section 507 ( b )( 1 ) B check here " 0

1pnalysls of Revenue and Expenses (a) Revenue and (O) Disbursements

(the total of amounts in columns (b) (b) Net investment (c) Adjusted net for charitable (c), end (d) may not necessarily equal expenses per income income purposes the amounts in column (e) ) books N/A (cash basis on ly)

Contnhuuons,pilts,prants,etc,received 276 000 . Cnax 111-O IIlelwnmomknartWIrtCmiIGNSM 0

2 Distnbutlons from split-interest trusts Intuest on sminps and iemporuy

3 cash Inridshents a Dividends andinterest from securities 287 662 . 287 662 . STATEMENT 2 5a Gross rents h (Net mnw in.. or loss)

6a "`~ gn or (loss) from sale of nuts not on < 195 r 499 . ~~~~~'+~~ nc~wm Pnabe dh 9,613 826 . m eseb on lift 6a ~ j

q ] Capldl gain net U~mme prom Part N, fine Z) O .

8 Net short-term capital gain 9 Income modifications

lO2 Gross sides less reWma ' NO Nlowence

6 Less Costolpoodssole

e Gross profit or (loss) T tt Offienncome 70 , 718 . 0 . STATEMENT 3 12 Total Addlines lthrou g h 11 438 881 . 287 , 662 . '

13 Compenmuonololficen directors waleea eto 0 " 0 " 0

14 Other employee salanes and wages 15 Pension plans, employee benefits _ --

c 16a Lepalfees h Accounting tees STMT 4 5 , 195 . U 2,598 . 0 .

0~41 L~u e Other professional fees STMT 5 27 033 . 0 . > 17 Interest

'- : 78 Taxes STMT 2 593 . ~ 0 . 0 . 19 Depreciation and depletion ~~~~d+ V

E 20 Occupancy a 21 iravai,conlerences,anameetings 10 320 . 0 . 3 , 406 .

22 Pnntinp and publications LLJ . ~ 23 Other expenses STMT 7 3 927 . 0 . 0 . ~

24 Total operating and administrative n expenses Add linesi3throuph23 49,068 . 29,631 . 3,406 . 0 25 Contributions, 319 660 . 427 669 .

26 Total expenses and disbursements nddlines 2aand25 368- 1 72-8- . 2-9 , 63-1 . 431 075 .

27 Subtract line 26 from line 12 ~C ~f

-7 8 F,- of ievsnue ar expanse and auburavrimb ` I

I

6 �1J

D Net Investment Income of ftpohe, enter 258 , 031 . -- N/A ~ ' ` ` c Ad justed net Income ufftuswa Los-a)

o,~x,°~~aa LHA For Paperwork Reduction Act Notice, tee the Instructions Form 990-PF (2001) 1

~ � nnr,I -,n~,nc~ ,I rnn-iw I nni ncn~n o� rnv cn~n,innmrnwT r/n r~~~rnw, 17SOh'7A1

Organizations that follow SFAS 117, check here ~ u and complete hoes 24 through 26 and lines 30 and 31

24 Unrestricted m 25 Temporarily resIncted M 26 Permanently restricted

Organizations that 00 not follow SPAS 117, check here " EK and complete hoes 27 through 31

27 Capital stock, trust principal, or current funds y 28 Paid-in or capital surplus or land bldg and equipment fund a 29 Retained earnings, accumulated income, endowment or other funds

2 30 Total net assets or fund balances °

02 . 7,526 731 . . 0 . 0 . o_ o .°

7

v~ 990-PF (2m+)

123511 o,-z4m

2 RTnN FOUNDATION C/O llNTON 13580741

ERION FOUNDATION Form 990-PF(2001) C/0 UNION COLONY BANK

pad ~~ Balance Sheets ~m°~ ~ o~"°'~;�~,~°D°'

1 Cish-non-interest-6eanng 2 Savings and temporary cash investments 3 Accounts receivable 1111~

Less allowance for doubtful accounts 1 4 Pledges receivable 1

Less allowance for doubtful accounts 1

5 Grants receivable

6 Recervables due from officers directors trustees, and other disqualified persons

7 omanocanoimrsmQrwet 1 Less allowance for doubtful accounts ~

8 Inventories for sale or use N y 9 Prepaid expenses and deterred charges Q 10a Investments- U S and state government obligations STMT 9

hInvestments -corporate stock STMT 10

c Investments-corporate bonds STMT 1 1

11 n~ waeder% wewomt n= 110. Lcumriuutaarortd+em

12 Investments - mortgage loans

13 Investments - other

14 Land buildings, and equipment basis L= am.wraao~em

15 Other assets (describe

17 Accounts payable and accrued expenses 18 Grants payable

m 19 Deferred revenue 20 Loenahomofficen dlncbrs Wa[ee snUONerdIaquNifieOpenons

n 21 Mortgages and other notes payable

22 Other liabilities (describe

1

84-1358074 Page 2 (pinning of year End of year a) Book Value (h) Book Value (c) Fair Market Value

2,754 . 3,411 . 3,411 . 432,301 . 1,230,820 . 1 , 23-0,820 .

2 , 38-4,76-3 . 1,735,436 . 1,774,984 . 3r225 , 467 . 2 , 985 , 690 . 3, 692 , 357 . 1 , 205 , 442 . 1 , 571 , 374 . 1,606 441 .

149 r 175 .

7 , 399 , 902 . 7,526r731 . 8 , 308 r 013 .

0 . 0 .

I31 Total liabilities andnetassets/lundbalances 1 7 ,399,902 .E 7,526, 7 :

Analysis of Changes in Net Assets or Fund Balances

1 Total net assets or land balances at beginning of year - Part II, column (a), line 30 (must agree with end-of-year figure reported on poor years return)

2 Enter amount from Part I, line 27a 3 Other increases notincluded inline 2(itemize) " PRIOR YEAR TRADES SETTLED IN 2001 d Add lines 1, 2, and 3 5 Decreases not included in line 2 (demrze) 10, 6 Total net assets or fund balances at end of veer (line 4 minus line 51- Part II, column (b), hoe 30

2 Total otline t.column (a) 2 .1667015 3 Average distribution ratio for the 5-year base period -divide the foul on line 2 by 5, or by the number of years

the foundation has been m existence A less than 5 years 3 .0333403

d Enter the net value of nonchantable-use assets for 2001 from Part X, line 5 4 7, 753 f 499 .

5 Multiply line 4byline 3 5 258 504 .

6 Enter 1% of net investment income (1% of Part I, line 27b) 6 2 , 580 .

7 naalines sanas t i I 261,084 .

8 Enter qualdymg distributions from Part XII, line 4 ~ 8 I 431t075 . It line 8 tt equal to or greater than line 7 check the box in Part VI, line 1b and complete that part using a 1% tax rate See the Park VI instructions

v. 990 PF Qpp,) izasz1 m z4m

3 17100513 792952 1358074 2001 .05020 ERION FOUNDATION C/O ttNTnN 13580741

ERION FOUNDATION Form990-vF(200i) C/O UNION COLONY BANK 84-1358074 Page 3 Pert IV Capital Gains and Losses for Tax on Investment Income

(a) List and describe tie kind(5) 01 property sold (e g , real estate (b`How acquire0 (~l Dale acquired (d) Date sold 2-story brick warehouse, or common stock, 200 shs MLC Co ~' - Purchase (ma day yr I (mo day yr ) 'Y 1 0- Donation

7a SEE ,ATTACHMENT A P VARIOUS VARIOUS b SEE ATTACHMENT A P VARIOUS VARIOUS c d

(e) Gross sales price (f) Depreciation allowed (g) Cost or other basis (h) Gain or (loss) (or allowable) plus expense of sale (e) plus (f) minus (g)

a 1 , 867 , 968 . 2,263,791 . <395,823 .> n 2 , 745 , 858 . 2,545,534 . 200,324 . e d e

Complete only for assets showing pain in column (h) and owned by the foundation an 12/31/69 (q Gains (Cal (h) gain minus

I F M V as of 17131/69 (U Adjusted basis (k) Excess of cot (q coI (LO~sses (from

but not cob (h) _) or as of 12/31/69 over cot (1), d any

a <395,823 .> b 200,324 . e a e

2 Capital gain net income or (nit capital loss) ~ It ?loss ) ,

enter in Pad I, line 7 1 2 < 19 5 , 4 9 9 . > If (loss,,enter -0- in Part l, line 7

3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6) If polo, also enter in Part I, line 8, column (c) Ifltossl .enter -0-in Part 1. line 8 .91 N/A

(For optional use by domestic private foundations subject to Ne section 4940(a) tax on net investment income )

It section 4940(d)(2) applies, leave this part blank

Was the organization liable for the section 4942 tax on the GistnOutable amount of any year in the base penod9 ED Yes 0 No If Yes,' the organization does not quality under section 4940(e) Do not complete this part 1 Enter the appropriate amount in each column for each year, see instructions before making any entries

Base period years Adjusted qual' m Ois (~) DistnhuUon ratio Calendar vear for tax voar hnoinnmn ml dying In6uli0ns Net value 01 nonchantable-use assets (Cal tel dmded by cal (cll

89-1358074 or 4948 - see instn

a on

2,580 .

0 . 2,580 .

2,580 .

6,491 .

3,911 . 0 .

Y b Exempt foreign organizations -tax withheld al source 6D c Tax paid with application tar extension of time to file (Form BSfiB) 6c d Backup withholding erroneously withheld 6d

7 Total credits and payments Add lines 6a through 60 8 Enter any penalty for underpayment of estimated tax Check here 0 if Form 2220 is attached 9 Tax due If the total of lines 5 and 8 is more than line 7, enter amount owed 10. 10 Overpayment If line 7 is more than the total of lines 5 and 8, enter the amount overpaid tt Enter the amount o1 line 10 to be Credited to 2002 estimated tax " 3 , 9 1 1 .I Refunded

1a During the tax year, did the organization attempt to influence any national, stale, or local legislation or did d participate or intervene in any political campaign?

6 Did it spend more than $100 dunnp the year (either directly or indirectly) for political purposes (see instructions for de5nilion)9

It the answer is 'Yes' to 1 a or 1b, attach e detailed description o! the activities end copies o! any materials published or

distributed by the organization in connection with the activities c Did the organization file Form 1120-POL for this year d Enter the amount (rt any) of tax on political expenditures (section 4955) imposed during the year

(1) On the organization " $ 0 " (2) On organization managers " $ 0 e Enter the reimbursement (d any) paid by the organization during the year for political expenditure tax imposed on organization

managers " $ 0 . 2 Has the organization engaged in any activities that have not previously been reported to the IRS?

If 'Yes,' attach e detailed description of the activities 3 Has the organization made any changes, not previously reported to the IRS, m its governing instrument, articles of incorporation, or

bylaws, or other similar instruments II 'Yes,' attach e conformed copy o! the changes 4a Did the organization have unrelated business gross income of $1,000 or more during the year b If 'Yes : has d filed a tax retain on Form 990-T for this yeah N/A

5 Was there a liquidation, termination, dissolution, or substantial contraction during the yeah If 'Yes," attach the statement required by General Instruction T

6 Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either " By language in the governing instrument or " By stake legislation that effectively amends the governing instrument so that no mandatory directions that conflict with the stale law

remain in the governing instrument? 7 Did the organization have at lean $5,000 in assets al any time during the year

II 'Yes,' complete Pert If, cot (c), and Part XV Be Enter the states to which the foundation reports or with which n is registered (see instructions) 1

COLORADO h If the answer is 'Yes'to line 7, has the organization furnished a copy of Form 990-PF to the Attorney General (or designate)

of each slate as required by General Instruction fig If 'No,' attach explanation 9 Is the organization claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 49420)(5) for calendar

year 2001 or the taxable year beginning in 2001 (see instructions for Part %IV)7 If 'Yes,' complete Part YJV 10 Did any persons become substantial contributors dating the tax year

if 'Yes,' attach e schedule listing their names end addresses 11 Did the organization comply with the public inspection requirements for its annual retains and exemption app6cation~

Web site address 10, N/A 72 The booksaremwreof " UNION COLONY BANK, TRUSTEE Telephone no "970-6

Locateaat " P .O . BOX 1749 LOVELAND, CO ZIP+4 11~8

to X th X

X

2 X

X as X 4h 5 X

6 X 7 X

ae X

r 13 Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form tOCt - Check here . 1

F~, 990-PF am» 4 n

ERION FOUNDATION C/O UNION COLONY BANK

1a Exempt operalinp foundations described in section 4940(d)(2) check here " = and enter VA' on line 1

Date of ruling letter (attach copy al ruling teller il necessary-see Inslrucllons) 6 Domestic organizations that meet the section 4940(e) requirements in Part V, check here " ~X and enter i%

of Part I line 27b c All other domestic organizations enter 2% 01 line 276 Exempt foreign organizations enter 4°/, 01 Part I, line 12, cot (b)

2 Tax under section 511 (domestic section 4947la)(1) trusts and taxable foundations only Others enter-0 " )

3 Add lines 1 and 2 4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only Others enter -0-) 5 Tax hosed on investment Income Subtract line 4 from line 3 I1 zero or less, enter -0- 6 Credits/Payments

1 . a 2001 estimated tax pa menls and 2000 overpayment credited to 2001 6a 6 , 49

84-1358074 Pages

Yes No

Yes ~ No

0 Yes FX1 No Yes 0 No

0 Yes 0 No

0 Yes 0 No

Yes MI No

1h X h II any answer is 'Yes'to 1a(1 )-(6) did any of the acts tail to qualify under the exceptions described in Regulations

section 53 4941(4)-3 or in a current notice regarding disaster assistance (see page 19 of the instructions) Organizations retying on a current notice regarding disaster assistance check here

X

c If the answer is Yes' to question Sa(4), does the organization claim exemption from the tax because d maintained expenditure responsibility forlhepran!9 NBA Yes ONO If 'Yes,' attach the statement required by Regulations section 53 4945-5(co

6a Did the organization, during the year, receive any funds directly or indirectly, to pay premiums on a personal benefit coniract7 0 Yes ~ No

b Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contact I! you answered 'Yes' to 66, also file Form 8870

Fo. 990-PF Rain)

tnsat 01 24 02

ERION FOUNDATION Form 990-PF(200i) C/O UNION COLONY BP Pan VII-B Statements Reaardina Activities for

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies to During (he year did the organization (either directly or indirectly)

(7) Engage in the sale or exchange or leasing of property with a disqualified person (2) Borrow money from, lend money lo, or otherwise extend credit to (or accept it from)

a disqualified person (3) Furnish goods, services or facilities to (or accept them from) a disqualified person? (4) Pay compensation to or pay or reimburse the expenses of a disqualified person (5) Transfer any income or assets to a disqualified person (or make any o1 either available

toy the benefit or use of a disqualified person) (6) Agree to pay money or property to a government otfic1aI9 (Exception Check *No'

it the organization agreed to make a grant to or to employ the official for a period after termination of government service, d terminating within 90 days )

c Did the organization engage in a poor year in any of the acts described in 1a, other than excepted acts, that were not corrected before the first day of the tax year beginning in 20019

2 Taxes on failure to distribute income (section 4942) (does not apply tar years the organization was a private operating foundation defined in section 4942(j)(3) or 4942(j)(5))

a At the end of tax year 2001, did the organization have any undistributed income (lines 6d and 6e, Part XIII) for tax year(s) beginning before 20017 0 Yes 0 No If 'Yes ; list the years

6 Are there any years listed in 2a for which the organization is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the years undistributed incomes (If applying section 4942(a)(2) to all years listed, answer 'No' and attach statement-see instructions ) N/A

a It the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here

3a Did tie organization hold more than a 2% direct or indirect interest in any business enterprise at any time during theyear9 D Yes a] No

b If Yes; Oi0 R have excess business holdings M 2001 as a result of (7) any purchase by the organization or disqualified persons after May 26, 1969, (2) the lapse of the 5-year penal (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest, or (3) [he lapse of the 10-, 15-, or 20-year first phase holding penod7 (Use Schedule C, Form 4720, to determine N the organization had excess business holdings in 2001) N/A

4a Did the organization invest during the year any amount m a manner that would jeopardize As charitable purposes b Did the organization make any investment in a poor year (but after December 31, 1969) that could jeopardize its charitable purpose that

had not been removed from jeopardy before the first day of the lax year beginning in 2001 Sa During the year did the organization pay or incur any amount to

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? EJ Yes EXI No (2) Influence the outcome of any specific public election (see section 4955), or to carry on, directly or indirectly

any votes registration Cnve7 0 Yes 0 No (3) ProviAeagrant[oanindrvidualfortravel,study,orothersimilarpurposes9 Yes O No (4) Provide a grant to an organization other than a charitable, etc , organization described in section

509(a)(1), (2), or (3), or section 4940(d)(2)? ~ Yes EK No (5) Provide for any purpose otherlhanreligious,charitable scientific,IRerary,oreAucahonalpurposes,ortor

the prevention of cruelty to children Or animals D Yes 0 Nn h If any answer is 'Yes' to Sa(1)-(5), did any of the transactions fail to quality under the exceptions described in Regulations

section 53 4945 or in a current notice regarding disaster assistance (see instructions)? NBA Organizations retying on a current notice regarding disaster assistance check here 10

X

ERION FOUNDATION Farm 990-PF(M) CIO UNION COLONY 5807

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees, and Contractors

rortn new-rr (2W71

17100517 799957 11980

Part X minimum investment Return (All domestic foundations must complete this part Foreign foundations, see instructions

1 Fair market value of assets not used (or held for use) directly in carrying out charitable, etc purposes a Average monthly fair market value of securities h Average al monthly cash balances c Fair market value of all other assets d Total (add lines 1a, D and c) e Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) le 2 Acquisition indebtedness applicable to line 1 assets 3 Subtract line 2 from line Id 4 Cash deemed held for charitable activities Enter 1 112% of line 3 (for greater amount, see instructions) 5 Net value of noncharila6le-use assets Subtract line 4 from line 3 Enter here and on Part V, line 4 6 Minimum Investment return Enter 5% of line 5

Q

Part Xll Qualifying Distributions (see instructions)

u3ss, Ol 24 02

7

17100513 792952 1358074 9001_05020 RRiON FOUNDATION C/O ITn7TON 13580741

ERION FOUNDATION Form 990-PF(2007) C/0 UNION COLONY BANK 89-1358074 Page?

Part IX-B Summary of Program-Related Investments

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2 Amount i N/A

z

All other program-related investments See instructions 3

Add lines 1 through 3 1 I 0 .

~ Dlstributable Amount (see instructions) (Section 4942(j)(3) and (1)(5) private operating foundations and certain fareian oroanizalions check here " n and do net complete this part 1

1 Minimum investment return from Pail X, line 6 1 s n i , o i D .

2a Tax on investment income for 2001 from Part V1, line 5 2a 2 , 580 . h Income lax for 2001 (This does not include the lax from Part V1 2b c Add lines 2a and 26 2c 2 , 580 .

3 Distnbuta6la amount before adjustments Subtract line 2c from line 1 3 3-8-5 , 095 . 4a Recoveries of amounts treated as qualifying distributions 4a 0 . 0 Income distributions from section 4947(a)(2) trusts OD 0 . c A00 lines 4a and 4b 4C' 0

5 Add lines 3 and 4c s 385 095 . g Deduction from distnhutable amount (see instructions) ~ 5 ~ 0 . 7 Dlstrlhutahla amount as adjusted Subtract line 6 tram line 5 Enter here and on Part XIII, line 1 1 7 385,095 .

1 Amounts paid (including administralrve expenses) to accomplish chantable, etc , purposes a Expenses, contributions, gifts, etc -total from Part I, column (d), line 26 to 431 , 075 . b Progam-relatedinvestments -Total from Part IX-8 1D 0 "

2 Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc purposes 2 3 Amounts sat aside for specific charitable projects that satisfy the , a Suitability lost (DnOrIRSapproval r¢qWr¢d) ~33~ D Cash distribution lest (attach the required schedule) 3h

4 Qualifying distributions Add lines 1a through 3b Enter here and on Part V, line 8, and Part XIII, line 4 4 431 f 075 . 5 Orqani7a6ans that quality under section 4940(e) for lie reduced ate of tax on net investment

income Enter t% of Part 1, dine 27b 5 2 5 BO . 6 Adjusted qualifying distributions Subtract line 5 from line 4 ~ 6 ~ 42 8f495 .

Note The amount online 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for the section 4940(e) reduction of tar in those years

Fog 990-PF Raoq

" ERION FOUNDATION Form 990-PF(200i) C/0 UNION COLONY BANK 84-1358074 Page e

Part XIII Undistributed Income (see Instructions)

lal lel W lal Corpus nears prior l0 2000 2000 2001

1 DiStnbuWhle amount for 200 from van xi, line 7 ~ 385,095 .

2 UnaisVioute7,ncome deny as Of In* end of 2000 a Enter amount for 2000 only 386 , 647 .

hTotal rorfiner ymrs 19 - .19- .19 3 mouse alstnbubons wrryaver d my to 2007 a From 1996 b From 1997 c From 1998 d From 7999 e From 2000 I Total of lines 3a through e 0 .

4 Oualitymg distributions for 2001 from Pad XU,line 4 " S 431 075 .

aApplied to2000,butnolmore than line 2a ~ 386,647 . '

to Applied to undistributed income of pnor years (Election required -sae instructions) 0 .

c Treated as distributions out of corpus (Election required - see instructions) 0 .

d Applied to 2001 dislributable amount 44,428 .

e Remaining amount distributed out of corpus 0 . , 5 EstesfElsOibWOnawrywrapplleOlo2007 0 " '

of an amount appears In column (d), Nn, same ii moat De shown In column (a)

6 Enter the net fatal of each column as , ` Indicated haloes

2 Capua be ilna 7t, 4c, and b suebst fine 5 0 " bPrior years'undistributed Income Subtract line 4b from line 2b ' ' 0 .

cEnter lheamount ofpnoryears' - undistributed income for which a notice of ' deficiency has been issued, or on which - the section 4942(a) tax has been previously assessed 0 .

d Subtract line fic from line So Taxable amount-see instructions 0 .

e Undistributed income for 2000 Subtract line 4a from line 2a Taxable amount-see instr ~ 0 .

IUndistributed income tor2001 Subtract tines 4d and 5 tram line 1 This amount must hedistributed in2002 340 667 .

7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(E) or 4942(g)(3) 0 .

B Excess distributions carryover from 1996 not applied on tine 5 or line 7 0 .

9 Excess distributions carryover to 2002 Subtract lines 7 and 8 from line 6a 0 . ~~

10 Analysis of line 9 a Excess from 1997 6 Excess from 1998 c Excess from 1999 d Excess from 2000 e Excess from 2007

corm 990-PF Row)

173571 Ol I1-0t

nnC1 8

ERION FOUNDATION B4-

and

Total

each year listed c 'Support' alternative lest - enter

(1) Total support other than gross investment income (interest, dividends, rents. payments on securities loans (section 512(a)(5)), or royalties)

(2) Support from general public and 5 or more exempt organizations as provided in section 4942(l)(3)(8)(w)

(3) Largest amount of support from an exempt organization

123581M, 24 02 9 F~990-PF Room nnci1 -rn1nrn icon"I+-

1 a If the foundation has received a ruling or determination teller that it is a private operating

foundation and the ruling is effective for 2001 enter the dale of the ruling 11

6 Check box to indicate whether the organization is a mate o eralin foundation described in section 0 4942 (1)( 3) or

2 a Enter the lesser of the adjusted net Tax ear Prior 3 years

income from Part I or the minimum (a) 2007 (h) 2000 (s) 1999 (d) 1998

investment return foam Part % for

each year listed

D 85% of line 2a

c Qualifying distributions from Part XII

line 4 for each year listed

0 Amounts included in line 2c not

used directly for active conduct of

exempt activities

e Qualifying distributions made directly

for active conduct of exempt activities

Subtract line 2d from line 2c

3 Complete 3a, 6 or c for the

alternative lest relied upon

a 'Assets' alternative test - enter

(1) Value of all assets

(2) Value of assets qualifying

under section 4942(j)(3)(B)(Q

6 'Endowment alternative test -

Enter 7J3 of minimum investment

retain shown in Part X, line 6 for

I Part XV 1 Supplementary Information (Complete this part only if the organization had $5,000 or more in assets at any time during the year-see page 26 of the instructions.)

1 Information Regarding Foundation Managers a List any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation before the close of any tax

year (but only If they have contributed more than $5,000) (See section 507(d)(2) )

NONE h List any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the ownership of a partnership or

other entity) of which the foundation has a 10% or greater interest

NONE 2 Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc, Programs

Check here " 0 it the organization only makes contributions to preselected chanlabla organizations and does not accept unsolicited requests for funds It the organization makes gifts . grants, etc (see instructions) to individuals or organizations under other conditions, complete items 23, b, c and 0

a The name, address, and telephone number of the person to whom applications should be addressed CHARLOTTE ARMSTRONG, C/O UNION COLONY BANK PO BOX 1749, LOVELAND, CO 80539

h The form m which applications should tie submitted and information and materials they should include SEE STATEMENT 13

c Any submission deadlines SEE STATEMENT 14

d My restndions or (imitations on awards, such as by geographical areas, charitable fields, kinds of insGtuGOns, or other lectors N/A

ERION FOUNDATION 10 Form 990-PF BANK

Total " 3D I U . 123WIMI 24-02 cam990-PF Root)

10 O(151't 797459 1'358074 9001 .05090 RRT(1N FnUNDATTnN r/n IINTON 13580741

;V Supplementary Information (continued) nls and Contributions Paid During the Year or Approved for Future Payment

' Recipient It recipient is an individual, show any relationship io Foundation Purpose of grant or

Name and address (home of business) any foundation manager status of contribution Amount or su~slantialcantnDulor recipient

a Pad during the year

SEE STATEMENT 15 I Total " 3a

b Approved /or future payment

NONE

Line No I Explain below haw each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the organization's exempt purposes (other than by providing funds for such purposes)

L1A ETURN OF PROPERTY PURSUANT TO WRITTEN AGRREMENT AT DATE OF GIF

1 R

F«m990-PF Room tisan7ei

ERION FOUNDATION Form 990-PF(200t) C/O UNION COLONY BANK 89-1358074 page it PaR XVI-A ,Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated Unrelated business income a

Business (b) J V. (0) Related or exempt 1 Program service revenue code Amount mn Amount function income

a h C a e

I I I I ~ g Fees and contracts from government agencies

2 Membership dues and assessments 3 Interest on savings and temporary cash

investments a Dividends and interest from securities 14 287 , 662 . 5 Net rental income or (loss) from real estate

a Debt-financed property h Not debt-financed property

6 Net rental income or (loss) from personal property

7 Other investment income 8 Gain or (loss) from sales of assets other

than inventory 18 <195 , 499 . > 9 Net income or (loss) from special events 70 Gross profit or (toss) from sales o1 inventory 11 Other revenue

a OTHER INCOME 70 , 718 . 6 t d B

12 Subtotal Add columns (b), (d), and (e) 0 . . ; ~ 9 2 16 3 . 7 0 718 . 13 Total Add line 12, columns (b), (d), and (e) 10- 13 162,881 . See worksheet in line 13 instructions to verrfv calculations 1

Part VI-B Relationship of Activities to the Accomplishment of Exempt Purposes

ERION FOUNDATION 89- BANK Form 990-PF

With To and

1 Did tie organization directly or indirectly engage m any of the following with any other organization Aescnbe0 m section 501(c) of Yes NC the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations

a Transfers from tie reporting organisation to a nonchantable exempt organization of Te ll) ~X (t) Cash

(2) Other assets la (2 ) 7(

Ir Other Transactions (1) Sales of assets to a nonchariiable exempt organization 1b 1 (2) Purchases 01 assets from a nonchanlaDle exempt organization 1b (2 ) X (3) Rental of facilities, equipment or other assets 111 1 3 ) (a) Reimbursement arrangements 1h 4 X

(5) Loans or loan guarantees 1b (6 ) (6) Performance of services or membership or fundraising solicitations 1b( 6 )

c Sharing of facilities equipment mailing lists other assets, or paid employees 1c 0 II the answer to any of the above is 'Yes,* complete the following schedule Column (h) should always show the fair market value of the goods, other assets,

or services given by the reporting organization If the organization received less than fair marked value in any transaction or sharing arrangement, show in

2a Is the organization directly or indirectly affiliated with, or related lo, one or more lax-exempt organizations Aescnbed in section 501(c) of the Code (other than section 501(c)(3)) or in section 5277 Yes MI No

h If 'Yes : complete the following schedule /a) Name of organization (6) Type of organization (c) Description o1 relationship

izMi 01 24m

N

Unec pmelue of perk I d nave ew~Yned qla rtNm ie~dualnp amomppeyliq sd~e0ules en0 elatn~mb, W b Ne best of m/ YnvMedpe ena ballet, I~ la true wrtKl en0 mmplete u~4 0l p am Ner tlien tenpeye or 6dudvyj h EaseC on ell 1~b~

m 1 Signature of ott er o stee p Preparer's

N

m m c Signature °` o ti��,~~�� ,s GRANT THORNTON, LLP E0 0 a~ ~I~w~oim~ ,1600 BROADWAY, #1800

&-d zP DENVER, CO 80202

Schedule of Contributors Schedule 13 (Form 990, 090-EZ, or

990-PF) Omenment of ine Tma:~y ~mand aevmue senKe

Name of organization

OMB NO 151SOOC7

2001 Supplementary Information for line 1 of Form 990, 990-EZ and 990-PF (see instructions)

ERION FOUNDATION C/O UNION COLONY BANK 84-135807

Organization type(check one)

Filers of Section

13

Employer identification number

Form 990 or 990 EZ 0 501(c)( ) (enter number) organization

0 4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990 PF ~ 501(c)(3) exempt private foundation

0 4947(a)(1) nonexempt charitable trust treated as a private foundation

0 501(c)(3) taxable private foundation

Chock A your organization is covered by the General rule or a Special rule (Note Only e section 501(c)(7), (8), or (10) organization can check boxes) loiboth the General rule and e Special rule-see instructions)

General Rule-

OX For organizations filing Form 990, 990~EZ, or 990~PF that received, during the year, $5,000 or more (n money or property) from anyone contributor (Complete Parts I and 11 )

Special Rules-

0 For a section 501(c)(3) organization filing Form 990, or Forth 990-EZ, that met the 33 1/d% support test of the regulations under sections 509(a)(1)/170(b)l11(W(v) and received from any one contributor, during the year, a contribution of the greater of E5,000 or 2% of the amount on line 1 of these forms (Complete Parts I and II

0 For a section 501(c)(7),(8) . or (10) organization filing Form 990, or Forth 990~F2, that received from any one contributor, during the year, aggregate contributions or bequests of more than $1,000 for use exclusively for religious, charitable, scientific, literary, or educational purposes, or the prevention of cruelty to children or animals (Complete Parts I, II . and III )

0 For a section 501(c)(7), (8), or (70) organization filing Forth 990, or Form 990 EZ, that received from any one contributor, during the year, some contributions for use exclusively for religious, charitable, etc , purposes, but these contributions did not aggregate to more than $1,000 (If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc , purpose Do not complete any of the Parts unless the General rule applies to this organization because it received nonexclusrvely religious, charitable, etc , contributions of $5,000 or more during the yew) " E

Caution Organizations that ere not covered by the General rule and/or the Sprat rules do not file Schedule B (Form 990, 990-EZ, or 990.PF), but they must check the box in the heading o/ then Form 990, Form 990-EZ, or on line 1 0l then Form 990-PF, to certify that [hey do not meet the filing requirements of Schedule B (Form 990, 990-Q, or 990-PF)

Schedule B (Form 990, 990-EZ, or 990-PF) (2001)

,2345i 12 29-0i

S..neOUie B (F.- 990 990 E2 or 990 7F) (2001) Pqe 1 b 1 0l Pert I

Name of organization Employer Identilicalion number ERION'FOUNDATION C/0 UNION COLONY BANK I 84-1358074

Part 1 Contnbutors (see Specific Instrzictions)

la) fbl lcl (dl No Name, address and ZIP . 4 Aggregate contributions Type of contribution

1 DOUG & LYNNE ERION Person O Payroll

LOVELAND, COLORADO y 276,000 . Noncash

(Complete Part II if there is a noncash contribution )

(a) (b) (c) (d) No Name, address and ZIP +4 Aggregate contributions Type of contribution

Person Payroll 0

y Noncash

(Complete Part II if there is a noncash contribution

(a) (b) (c) No Name, address and ZIP + 4 Aggregate contributions Type of contribution

Person 0 Payroll Noncash

(Complete Part II d there is a noncash contribution )

(a) (b) (e) (d) No Name, address and ZIP f 4 Aggregate contnbutions Type of contribution

Person 0 Payroll

$ Noncash 0

(Complete Part II A there is a noncash contribution )

(a) fbl (c) No Name, address and ZIP + 4 Aggregate contributions Type of contribution

Person 0 Payroll

y Noncash

(Complete Part II A there is a noncash contribution )

(a) (b) k) (d) No Name, address and ZIP r 4 Aggregate contributions Type of contnbution

Person Payroll

$ Noncash 0

(Complete Part II d there a a noncash contribution )

,z3esz ,z z¢w 14 Schedule 8 (Form 990, 990-E2, or 990~PF) (20(11) 171l1hS1Z 7Q9Q59 1'3SRf17d 9!1!11 f15(19h FRTl1N F(IIiUT1ATTflU f`/ll t7UT(lU 1"34Rf17d1

1,867,968 2263791 (395 823)

LT 500 000 CERNER CORP COM 02/04/99 02/06/01 26.737 8,406 18,330 LT 500000 MBIA. INC 70/01/97 02/05/01 35,721 31,781 3,940 LT 5,000 000 MORGAN STANLEY DW ASIA PACIFIC FUND 06/09/98 01/09101 43,449 32,957 10 492 LT 3,000 000 MORGAN STANLEY DW ASIA PACIFIC FUND 07/0&98 01/09/01 26,069 20 805 5,264 LT 500000 AT HOMECORP 12/09/99 01/10/01 3,250 22,125 (18,875) LT 900 000 DURA AUTOMOTIVE SYSTEMS INC COM 08/13/99 02/15/01 7,922 26 494 (18572) LT 1,000 000 DURA AUTOMOTIVE SYSTEMS INC COM 08130/99 02/15/01 8.802 26,438 (77,636) LT 1,500 000 DURA AUTOMOTIVE SYSTEMS INC COM 11/15199 02/15/01 13,203 26,344 (13,147) LT 2,000 000 DURA AUTOMOTIVE SYSTEMS INC COM 72128FJ9 02115101 17.604 37 948 (14344) LT 206 000 MIDCOAST ENERGY RESOURCES INC 0525/99 03/1601 5.426 3 360 2,066 LT 794 000 MIDCOAST ENERGY RESOURCES INC 0526199 03/16/01 20,914 73 037 7,077 LT 700000 SOUTHWEST AIRLINES 11/06198 03116101 12,488 7238 5249 LT 150 000 SWIFT TRANSPORTATION 0120198 03/06/01 2,531 2 104 427

Erion Foundation Gainl(Loss) Calculation 72171/2001 "

EXHIBIT A Sales

Shortllong # ShareslUnits Description Acquired Sold Proceeds Cost Basis Gain/(Loss) ST 200 000 MGIC INVT CORP WIS COM 3/102000 112/2001 13 208 6 612 6 596 ST 400 000 MGIC INVT CORP WIS COM 5142000 1/212007 26 415 19,135 7 280 ST 2,500 000 ADTRAN INC COM 11/228000 2/742007 61,451 97 451 (36,000) ST 500000 A7 HOME CORP 5/23/2000 1/10/2001 3,250 9,781 (6531) ST 2000000 DURA AUTOMITIVE SYSTEMS INC COM 6/12/2000 2/152001 17 604 24 798 (7,194) ST 4,800 000 DURA AUTOMITIVE SYSTEMS INC COM 10/32000 2/212001 42 249 45,450 (3,202) ST 500 000 NUCOR CORP 6/162000 3/5/2001 23 253 18 280 4 973 ST 1,800 000 AMAZON COM INC 12/282000 3/12/2001 20,174 32 372 (12 198) ST 1,738020 KEMPER NEW EUROPE FUND 12/212000 3/142001 18718 20,874 (2,155) ST 200 000 000 US Treas NLS did 2-15-93 12/282000 5/302001 206,188 204 281 1,906 ST 1,000 000 CANADIAN PACIFIC LTD COM 11/152000 4/212001 36,659 27 810 8 849 ST 500 000 SYMANTEC CORP COM 4/252000 4/202001 30 899 29,438 1 461 ST 2,000 000 XCEL ENERGY INC COM 12/202000 4/52001 58 911 56 325 2,586 ST 1,500 000 SENSORMATIC ELECTRONICS CORP COM 6/15/2000 5/22/2001 22 222 25,182 (2,960) ST 800 000 RADIOSHACK CORPORATION COM 11/92000 5/12001 24,288 45 998 (21,710) ST 700 000 RADIOSHACK CORPORATION COM 12!72000 5/12001 21 252 32 009 (10,757) ST 1,200 000 LEVEL 3 COMMUNICATIONS INC 2/22001 5172001 20 489 45,525 (25,036) ST 800000 PLANTRONICS INC COM 5/262000 5/7/2001 17,789 22 283 (4494) ST 400 000 GUIDANT CORP COM 6/132000 5/252001 14,700 19,349 (4,649) ST 5,800 000 ATLAS AIR WORLDWIDE HLDGS INC VAR 9/172001 65 480 180,009 (114,529) ST 1,000000 COMERICA,INC 11/278000 7120/2001 60197 48373 11,824 ST 1,100000 COOPER INDS INC 11/12000 7131/2001 45,629 41,454 4,175 ST 200 000 US BANCORP COM 10/04/00 011106/01 4,888 3 987 901 ST 0408 EQUITY OFFICE PROPERTIES TRUST REIT 07/02/01 07/19/01 12 13 (1) ST 4,788 000 EQUITY OFFICE PROPERTIES TRUST REIT 07/02tt11 07/77/01 128442 132,927 (4,485) ST 2,300 000 NICOR INC 1127/00 08/01/01 85,299 89,669 (4370) ST 400 000 US BANCORP COM 08!15/00 08106/01 9.776 9,996 (220) ST 2,500 000 AMAZON COM INC 08176/01 11/14/07 22 974 24 050 (1,076) ST 500 000 APACHE CORP 0621/01 11/09/01 25,869 25,549 321 ST 1,000 000 APACHE CORP 04/17/01 10/29/01 53.505 60,440 (6,935) ST 2,900 000 BALLY TOTAL FITNESS HLDG CORP 0322/07 1123/07 56,374 73,820 (17,445) ST 1,900000 CALPINE CORP 0&09/01 11/19/01 48.781 58,638 (9857) ST 1 .900 000 CALPINECORP 05/11/01 10/19101 47.747 90,057 (42,310) ST 1,550000 CONVERGYSCORP VAR 10/11/01 42,997 59,833 (16,836) ST 1,300 000 CARNIVAL CORP 03127/01 10/08/01 28,203 34 710 (5,907) ST 3,400 000 DOUBLECLICK INC COM 06121/01 1029/01 23,210 37 170 (13,960) ST 0020 FORDING INC 11/15/01 11/09/01 3 2 1 ST 1,700 000 FOUR SEASONS HOTELS INC 03127/01 10/01101 38,815 56,503 (17,689) ST 700000 ISHARES TRUST S&P EUROPE 06/01/01 10f26/01 39 367 46 060 (6,693) ST 5,300 000 12 TECHNOLOGIES 04/30/01 10/29/07 26.187 47 543 (21356) ST 4,000 000 LEVEL 3 COMMUNICATIONS INC 0322/01 11/14/01 26.350 54,038 (27 687 ; ST 2,500000 METRISCOSINC 06120/01 12/05/01 55,598 78003 (22,405; ST 0 800 PANCANADIAN ENERGY CORP 11/15/00 11/09/01 21 17 4 ST 2,300000 SYNOVUSFINLCORP 05/77/01 11/19/01 55,809 71,826 (16,018; ST 1,500000 TELEFLEXINC 08101/01 11/19/01 61,937 73027 (11090 ; ST 2,700000 YAHOOINC VAft 09/26!01 22,274 41,370 (19096 ; ST 5,000 000 MSDW ASIA PACIFIC FUND 06101/01 10/31/01 32 .758 42356 (9,598' ST 12,800 000 CANADIAN PACIFIC LTD COMLAP GAIN DISTR 11/15/02 10/03/01 79,751 - 79,751

2,745,858 2,545,534 200,324

Tonal 4,613,825 4,809,324 (195,499)

Erion Foundation Gain/Loss) Calculation 12/3112001

EXHIBIT A Sales

Short/Long # Shares/Units Description Acquired Sold Proceeds Cost Basis Gain/(Loss) LT 1 050 000 SWIFT TRANSPORTATION 08/20/98 03/06/01 17 718 13 300 4,418 LT 200 000 RADIOSHACK CORPORATION COM 11/16/99 03/08/01 8,760 73 298 (4539) LT 800 000 RADIOSHACK CORPORATION COM 12/23/99 03/08/01 35,039 37,519 (2480) LT 4308570 KEMPER NEW EUROPE FUND 06/13/97 03/14/01 46 403 49 305 (2,902) LT 1,436 190 KEMPER NEW EUROPE FUND 02/13/98 03/14/01 15468 17435 (1967) LT 467 626 KEMPER NEW EUROPE FUND 12/22/99 03114/07 5 036 7,800 (2,764) LT 50,000 000 US Treas Nts dtd 2-15-93 07J25/00 05/30/01 51,547 49,563 1,984 LT 25 000 000 BANK OF AMERICA CORP 08/05/97 05/24/01 25 074 25,016 858 LT 100000000 BOATMENSBANCSHARESINC 01/01/74 05/24/01 102815 99,775 3,040 LT 206000 MIDCOASTENERGY RESOURCES INC 05/26/99 05/77/07 5,562 3,382 2,180 LT 2,812 000 MIDCOAST ENERGY RESOURCES INC 08/16/99 05/14/01 75 924 51,776 24 148 LT 982 000 MIDCOA$T ENERGY RESOURCES INC 09/27199 05/17101 26,514 17 980 8,534 LT 200 000 ROBERT MONDAVI CORP COM 01113/99 06/07/01 9,937 7,456 2,482 LT 500 000 SYMANTEC CORP COM 12/02/99 04120/07 30899 23,550 7,349 LT 100 000 000 PENNY JC INC 06/04/97 05/22/01 92 250 102 645 (10395) LT 60000 GUIDANTCOPRCOM 11/23/99 05/25/01 22,049 32,877 (10,762) LT 100 000 GUIDANT COPR COM 12/17/99 05/25/01 36,749 45,548 (8,799) LT 200 000 PIANTRONICS INC COM 08/76/99 007/07 4,447 4 557 (109) LT 500 000 RADIOSHACK CORPORATION COM 12/23/99 05/01/01 15,180 23,449 (8,270) LT 1,500 000 SENSORMATIC ELECTRONICS CORP COM 05/19/00 05/22101 22,222 24,376 (2,154) LT 300 000 XL CAPITAL LTD CL A COM VAR 09/20/01 22,061 74,906 7,156 LT 300000 SOUTHWEST AIRLINES VqR 09/17/01 4,129 3,702 7,027 LT 400,000 000 FFCB MTN DTD 1218/98 (5 09%) 12130/98 08/09101 406 548 399,916 6,632 LT 250 000 000 FFCB MTN DTD 12/75198 (5 07°,6) 12/17198 08/09/01 254,015 250,763 3,253 LT 700 000 COOPER INDS INC 02/21/00 07/31/01 29,037 23,089 5,948 LT 2,000000 DOVER CORP 03/11/97 08/01/01 72,097 52,605 19,492 LT 1,000 000 ILLINOIS TOOL WORKS COM 07/08197 08/01/01 62,388 57,989 10,399 LT 500 000 ILLINOIS TOOL WORKS COM 05/31/00 08/01/01 31,194 29,558 1,636 LT 900 000 PEPSI BOTTLING GROUP INC COM 11/17/99 08/21/01 40,130 14,679 25,451 LT 2,500000 SOUTHWEST AIRLINES 11/06/98 08/21/01 45,156 25,851 19,305 LT 900 000 SPIEKER PROPERTIES INC COM 02124/99 07/02/01 54,881 32,229 22,652 LT 900 000 SPIEKER PROPERTIES INC COM 03/19199 07/02/01 54,881 32,067 22,814 LT 1,000 000 SPIEKER PROPERTIES INC COM 10/07/99 07/02/01 60,979 35,468 25,511 LT 500 000 UNITEDHEALTH GROUP INC COM 02/18199 07/27/01 32,439 11,843 20,596 LT 200 000 XL CAPITAL LTD CL A COM 10/20/99 07/11/01 15,588 9,062 6,526 LT 300 000 XL CAPITAL LTD CL A COM 12/13/99 07/11/01 23,382 14,906 8,477 LT 750,000 000 US Treas Nts dtd 12131/96 01/05!00 12/31/01 150,000 149,332 668 LT 50 000 000 FNMA NTS DTD 11/2/98 12/1/1998 12/12/01 51376 49606 1,770 LT 200,000 000 GMAC SMART MTN DTD 12/&98 12/01/98 12/17/01 200,000 200,000 - LT 500 000 ADOBE SYS INC 02/04/99 12/14/01 16.949 6,436 10,513 LT 1,550 000 CONVERGYS CORP 08/15/00 10/11/01 42,997 53,059 (10,062) LT 1,000 000 PLANTRONICS INC COM 05/26/00 10/18/01 22,500 27,853 (5,354) LT 1,000 000 PROVIDENT FINANCIAL GROUP COM 02/24/00 11/19107 22,245 28,164 (5,919) LT 1,000000 SOUTHWEST AIRLINES 11/06/98 10/01/01 14,890 10,340 4,549 LT 1,500000 SOUTHWEST AIRLINES 11/06/98 10/02/01 23,159 15,511 7,649 LT 1 000 000 SYMANTEC CORP COM 09729/00 11/14/01 61,002 42,825 18,177 LT 2,600 000 US BANCORP 10/04/00 11/27/01 48,235 51,831 (3,596) LT 100 000 XL CAPITAL LTD CL A COM 12/13/99 71/09/01 9,094 4,969 4,125

(A) MANNER DATE DESCRIPTION OF PROPERTY ACQUIRED ACQUIRED DATE SOLD

SEE ATTACHMENT A PURCHASED VARIOUS VARIOUS

(B) (C) (D) (E) (F) GROSS COST OR EXPENSE OF

SALES PRICE OTHER BASIS SALE DEPREC . GAIN OR LOSS

2,745,858 . 2,545,534 . 0 . 0 . 200,324 .

CAPITAL GAINS DIVIDENDS FROM PART IV

TOTAL TO FORM 990-PF, PART I, LINE 6A

FORM 990-PF DIVIDENDS AND INTEREST FROM SECURITIES

COLUMN (A) AMOUNT

CAPITAL GAINS GROSS AMOUNT DIVIDENDS SOURCE

UNION COLONY BANK FNC TRUST GROUP - CORPORATE INTEREST UNION COLONY BANK FNC TRUST GROUP - DOMESTIC DIVIDENDS UNION COLONY BANK FNC TRUST GROUP - U .S . GOVERNMENT INTEREST

TOTAL TO FM 990-PF, PART I, LN 4

104,676 . 0 . 104,676 .

54,475 . 0 . 54,475 .

128,511 . 0 . 128,511 .

287,662 . 0 . 287,662 .

STATEMENT S) 1, 2 15

ERION FOUNDATION C/0 UNION COLONY BANK 84-1358074

FORM 990=PF GAIN OR (LOSS) FROM SALE OF ASSETS STATEMENT 1

(A) MANNER DATE DESCRIPTION OF PROPERTY ACQUIRED ACQUIRED DATE SOLD

SEE ATTACHMENT A PURCHASED VARIOUS VARIOUS

(B) (C) (D) (E) (F) GROSS COST OR EXPENSE OF

SALES PRICE OTHER BASIS SALE DEPREC . GAIN OR LOSS

1,867,968 . 2,263,791 . 0 . 0 . <395,823 .>

0 .

<195,499 .>

STATEMENT 2


FORM 990-PF OTHER INCOME STATEMENT 3

TOTAL TO FORM 990-PF, PART I, LINE 11, COLUMN A

FORM 990-PF ACCOUNTING FEES STATEMENT 4

(A) (B) (C) (D) EXPENSES NET INVEST- ADJUSTED CHARITABLE

DESCRIPTION PER BOOKS MENT INCOME NET INCOME PURPOSES

FIDUCIARY FEES 27,033 . 27,033 . 0 .

TO FORM 990-PF, PG 1, LN 16C 27,033 . 27,033 . 0 .

(C) (D) ADJUSTED CHARITABLE NET INCOME PURPOSES

(A) (H) EXPENSES NET INVEST-PER BOOKS MENT INCOME DESCRIPTION

16 STATEMENT S) 3, 4, 5, 6 17100513 792952 1358074 2001 .05020 ERION FOUNDATION C/O UNION 13580741

DESCRIPTION

OTHER INCOME

AMOUNT

70,718 .

70,718 .



GRANT THORNTON 5,195 . 2,598 . 0 .

TO FORM 990-PF, PG 1, LN 16B 5,195 . 2,598 . 0 .

FORM 990-PF OTHER PROFESSIONAL FEES STATEMENT 5

FORM 990-PF TAXES STATEMENT 6

2001 ESTIMATED TAXES 2,593 . 0 . 0 .

TO FORM 990-PF, PG 1, LN 18 2,593 . 0 . 0 .



MEMBERSHIPS 300 . 0 . 0 . ADMINISTRATION 3,627 . 0 . 0 .

TO FORM 990-PF, PG 1, LN 23 3,927 . 0 . 0 .

STATEMENT S) 7, 8 17


FORM 990=PF OTHER EXPENSES STATEMENT 7

FOOTNOTES

Is ON STATEMENT A-15', THE CONTRIBUTION MADE TO THOMPSON EDUCATION FOUNDATION IS LISTED AT COST BASIS . THE FAIR MARKET VALUE OF THIS CONTRIBUTION WAS $300,000

STATEMENT 8

FORM 990-PF CORPORATE BONDS STATEMENT 11

DESCRIPTION

CORPORATE BONDS

TOTAL TO FORM 990-PF, PART II, LINE lOC

18 STATEMENT S) 9, 10, 11 GT(lU L'()ITT7IlTTTIlT7 !` /!1 177.77!1T7 1 "2SRl17A 1

ERION FOUNDATION C/0 UNION COLONY BANK 84-1358074

FORM 990'-PF U .S . AND STATE/CITY GOVERNMENT OBLIGATIONS STATEMENT 9

U .S . OTHER FAIR MARKET DESCRIPTION GOVT GOVT BOOK VALUE VALUE

U .S GOVERNMENT AGENCIES & X SECURITIES 1,735,436 . 1,774,984 .

TOTAL U .S . GOVERNMENT OBLIGATIONS 1,735,436 . 1,774,984 .

TOTAL STATE AND MUNICIPAL GOVERNMENT OBLIGATIONS

TOTAL TO FORM 990-PF, PART II, LINE 10A 1,735,436 . 1,774,989 .

FORM 990-PF CORPORATE STOCK STATEMENT 10

FAIR MARKET DESCRIPTION BOOK VALUE VALUE

CORPORATE STOCK 2,985,690 . 3,692,357 .

TOTAL TO FORM 990-PF, PART II, LINE lOB 2,985,690 . 3,692,357 .

FAIR MARKET BOOK VALUE VALUE

1,571,374 . 1,606,441 .

1,571,374 . 1,606,441 .


FORM 99a-PF PART VIII - LIST OF OFFICERS, DIRECTORS STATEMENT 12 TRUSTEES AND FOUNDATION MANAGERS

EMPLOYEE TITLE AND COMPEN- BEN PLAN EXPENSE AVRG HRS/WK SATION CONTRIB ACCOUNT NAME AND ADDRESS

ROGER E . CLARK MEMBER C/O UNION COLONY BANK, PO BOX 1749 1 0 . 0 . 0 . LOVELAND, CO 80539

0 . 0 . 0 . TOTALS INCLUDED ON 990-PF, PAGE 6, PART VIII

EXEMPT TAX DETERMINATION LETTER REQUIRED, RECEIPIENT MUST BE A 501(C)(3) ORGANIZATION . STATE OR MUNICIPALITY PREFERENCE GIVEN TO NEEDS OF LOVELAND, LARIMER COUNTY OF COLORADO .

19 STATEMENT S) 12, 13 '

CHRISTINE E . KLEIN PRESIDENT C/O UNION COLONY BANK, PO BOX 1749 1 0 . 0 . 0 . LOVELAND, CO 80539

DOUGLAS J . ERION VICE-PRESIDENT C/O UNION COLONY BANK, PO BOX 1749 1 0 . 0 . 0 . LOVELAND, CO 80539

JANICE E . PIERCE SECRETARY C/0 UNION COLONY BANK, PO BOX 1749 1 0 . 0 . 0 . LOVELAND, CO 80539

FRANCILLA G . TUENGE TREASURER C/O UNION COLONY BANK, PO BOX 1749 1 0 . 0 . 0 . LOVELAND, CO 80539

UNION COLONY BANK CUSTODIAN C/O UNION COLONY BANK, PO BOX 1749 5 0 . 0 . 0 . LOVELAND, CO 80539

FORM 990-PF PART XV, LINE 2B STATEMENT 13 APPLICATION REQUIREMENTS

DESCRIPTION

84-1358074 ERION FOUNDATION C/O UNION COLONY BANK

NEIGHBOR TO NEIGHBOR, 565 PUBLIC GENERAL NONE CLEVELAND, LOVELAND, CO 80537 2,000 .

20 STATEMENT S) 14, 15 17100513 792952 1358074 2001 .05020 ERION FOUNDATION C/O UNION 13580741

FORM 990-PF PART XV, LINE 2C STATEMENT 14 SUBMISSION DEADLINES

DESCRIPTION

APPLICATIONS RECEIVED DURING CALENDER QUARTER WILL BE CONSIDERED DURING FIRST MONTH OF FOLLOWING QUARTER .

FORM 990-PF GRANTS AND CONTRIBUTIONS STATEMENT 15 PAID DURING THE YEAR

RECIPIENT RECIPIENT RECIPIENT NAME AND ADDRESS STATUS PURPOSE OF GRANT RELATIONSHP AMOUNT

FOOD BANK FOR LARIMER PUBLIC GENERAL NONE COUNTY, 1301 BLUE SPRUCE, FORT COLLINS, CO 80524 2,000 .

HOUSE OF NEIGHBORLY PUBLIC GENERAL NONE SERVICE, 565 CLEVELAND, LOVELAND, CO 80537 12,000 .

LOVELAND CHAMBER ORCHESTRA, PUBLIC GENERAL NONE PO BOX 2577, LOVELAND, CO 80539 1,000 .

LOVELAND MUSEUM, LOVELAND, PUBLIC GENERAL NONE CO 80537 21,000 .

LOVELAND ROTARY, PO BOX PUBLIC GENERAL NONE 1029, LOVELAND, CO 80539 5,000 .

LOVELAND YOUTH GARDENERS, PUBLIC GENERAL NONE 545 ROOSEVELT AVE ., LOVELAND, CO 80537 1,169 .

LOVELAND-BERTHOUD PUBLIC GENERAL NONE INTERFAITH HOSPZTALTIY, 101 E . 6TH ST ., LOVELAND, CO 50,000 .

MEALS ON WHEELS, 535 PUBLIC GENERAL NONE DOUGLAS AVE ., LOVELAND, CO 80537 6,000 .

ERION FOUNDATION C/0 UNION COLONY BANK

PROJECT SELF SUFFICIENCY, PUBLIC GENERAL 2105 MAPLE DR ., LOVELAND, CO 80538

ROCKY MOUNTAIN YOUTH PUBLIC GENERAL ORCHESTRA, PO BOX 9663, FORT COLLINS, CO 80525

THOMPSON EDUCATION PUBLIC GENERAL FOUNDATION, 535 DOUGLAS AVE ., LOVELAND, CO 80537

UNIVERSITY OF NORTHERN PUBLIC GENERAL COLORADO, 1620 RESERVIOR RD ., GREELYE, CO 80639

WOMEN'S CENTER 424 PINE PUBLIC GENERAL ST ., FORT COLLINS, CO 80524

TOTAL TO FORM 990-PF, PART XV, LINE 3A

191,991 .

20,500 .

NONE 3,000 .

319,660 .

17100513 792952 1358074 21 STATEMENT S) 15

2001 .05020 ERION FOUNDATION C/O UNION 13580741

NONE

NONE

NONE

NONE

84-1358074

3,000 .

1,000 .

990-PF Return of Private Foundation - Foundationcenter

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