Daniels Fund

The Daniels Fund is a perpetual foundation created by Robert William “Bill” Daniels, an entrepreneur whose fortune came from commissions made creating and selling cable television systems. The fund primarily supports nonprofits in Colorado, New Mexico, Utah, and Wyoming through scholarships and support for social service organizations. Approximately 10 percent of the Fund’s budget is directed to grants to national public policy organizations.

At-A-Glance

Formation:

1997

President:

Hanna Skandera

Location: Denver, CO View on map
Tax ID: 84-1393308
Most Recent Filing: 2024
Budget (2024): Assets: $1,734,544,841 Revenue: $184,503,751 Expenses: $85,624,815

Contents

    Early Life and Military Service

    Robert William “Bill” Daniels was born in 1920. He enlisted in the Navy in 1942, becoming a fighter pilot who served in North Africa in 1942 and in the Pacific between 1942 and 1945. He was awarded the Air Medal three times. 1 In November 1944, Daniels, then serving on the USS Intrepid, rescued wounded sailors from the ship’s burning deck, which earned him the Bronze Star. 2 He was recalled to service for the Korean War, serving as a flight instructor. 1

    Daniels and Associates

    After leaving the military, Daniels worked as the insurance business, but in 1954 he started one of America’s first cable television systems in Casper, Wyoming. Four years later, Daniels founded Daniels and Associates, which assisted cable systems that were merging. Daniels and Associates’ fee included a small percentage (or an “equity position”) in the merged companies. Channels of Communications magazine noted in 1985 that Daniels and Associates had been involved in the creation of the U.S.’s six largest cable systems and eight of the top ten. 3

    Major Deals

    In 1998, Daniels merged 24 small cable systems he owned with United Artists Communications, a deal that made Daniels $100 million. 4 Another major deal came in 1994, when Prime Ticket, a cable network that had the rights to Los Angeles Lakers and Los Angeles Kings games, sold to Tele-Communications Inc. for $200 million. Daniels owned 82.5 percent of Prime Ticket. The deal, the Los Angeles Times noted, made Daniels a billionaire. 5

    Political Views

    Daniels was a Republican who lost a race for governor of Colorado in 1974 and who contributed six-figure sums to the Republican Party in at least two presidential contests. He hired Neil Bush, brother of George W. Bush, in 1987 and 1988 and held a fundraiser for George H.W. Bush in 1987. In 1990, he held a charitable event hosted by then-First Lady Barbara Bush. 6

    “Remember I am a conservative and want no money going to liberal causes,” Daniels wrote in 1998.  “The only thing I have in common with liberals is my concern for the homeless, the poor, and the downtrodden.” 7

    Creation

    In 1997, Bill Daniels created the Daniels Fund. He designated 11 causes for the fund, designating 30 percent of the fund’s spending be “for scholarships for graduates of high schools” in Wyoming, Colorado, Utah, and New Mexico. Other purposes included supporting “innovative education initiatives,” helping the homeless and the disadvantaged, helping alcoholics and drug addicts recover, assisting the elderly, funding educational programs “which emphasize ethics and integrity,” and supporting amateur sports. 8

    Daniels stated that the Daniels Fund is barred from supporting “research of any kind” and cultural activities. “Most of my giving does not match with symphonies, art, and opera,” Daniels wrote. “I am just not into that. I am into helping people who need help, who are hungry, unclothed, in trouble.” 9

    Crisis of Donor Intent

    The Daniels Fund began operations in 2000. According to Daniels Fund president Linda Childears, the fund’s first president, Phil Hogue, “went to experts to see what could be done…We went to big foundations and hired people with expertise on grants and scholarships.” These well-credentialed officials, according to Childears, hired program officers who had impressive resumes (“We hired on credentials,” Childears recalled) but were also aligned with the political left. 10

    These program officers had unlimited power to approve grants up to $100,000 and reject all grants without informing the board. Evan Sparks in Philanthropy noted that, despite Daniels’s distinguished record as a naval aviator, the National Air and Space Museum’s request for grants was rejected because the Fund did not support funding “instruments of war” or devices that “kill people.” 11

    In November 2003, most of the program officers were let go and the Fund cancelled plans to spend $2 million on a new conference center. The board began approving all grants and administering all rejections. The Fund conducted extensive research into the ideas of its founder and commissioned a biography of Bill Daniels that it makes freely available. The National Air and Space Museum has received several donations from the Daniels Fund, including a $3 million donation in 2021 for a new gallery about aviation during World War II. 12

    Daniels Scholarships

    In 2020 the Daniels Fund reported that it awarded $47.5 million in grants and $21.3 million in scholarships. The fund awards Daniels Scholarships, which cover tuition, room and board, and incidental expenses, to students in Colorado, New Mexico, Utah, and Wyoming. The scholarships are awarded annually but can be renewed for up to four years. The fund says as of March 2021 it had awarded scholarships to 4,600 students that were worth $220 million. 13

    Grantmaking

    In 2020, the Daniels Fund made nine grants of over $1 million to Eisenhower Medical Center ($5,000,000), Young Americans Education Foundation ($2.2 million), Hobbs Municipal Schools ($1.6 million), Colorado State University ($1.3 million), University of Colorado Foundation ($1.3 million), National Air and Space Museum ($1.2 million), United Way of Salt Lake ($1.1 million), and University of Wyoming Foundation ($1 million). 14

    The organization made grants of $150,000 to the American Enterprise Institute, $100,000 to the Institute for Justice, and $100,000 to the U.S. Chamber of Commerce Foundation, among other grants to right-leaning public-policy organizations. 14

    Financial Statistics

    Total Assets

    Total Revenue

    Total Expenses

    YearTotal AssetsTotal RevenueTotal ExpensesFiling
    2024 $1,734,544,841 $184,503,751 $85,624,815 View
    2023 $1,638,182,029 $123,024,315 $79,427,902 View
    2022 $1,529,058,941 $-1,110,928 $74,232,103 View
    2021 $1,794,331,969 $136,981,565 $72,466,663 View
    2020 $1,649,114,178 $97,503,421 $77,198,417 View

    Prior year filings: 2019, 2015, 2014, 2013, 2012, 2011

    Expenses Detail

    Employee Compensation

    Highest Earning Employees

    EmployeeTitleTotal Compensation
    Hanna SkanderaPRESIDENT & CHIEF EXECUTIVE OFFICER$969,680
    David BrownTREASURER & CHIEF FINANCIAL OFFICER$390,031
    Luke RaglandSENIOR VICE PRESIDENT$341,301
    Kristen MorganCHIEF OF STAFF$335,565
    Alex RuehleDIRECTOR OF INVESTME$244,056
    Bo PerettoSENIOR VICE PRESIDENT$227,423
    Susana LoyaconaDIRECTOR OF ALUMNI R$189,747
    Joshua GreenSENIOR VICE PRESIDENT (AS OF 03/24)$171,790
    Leah CurtsingerGRANTS PROGRAM OFFIC$166,451
    Bruce WilmsenVP OF COMMUNICATIONS$162,112
    Erin EnnisSPECIAL ASSISTANCE T$159,250
    John SuthersBOARD CHAIRMAN$76,350
    Brian DeevyDIRECTOR$71,186
    Randall WellsDIRECTOR$69,881
    James R NicholsonDIRECTOR$69,154
    Margaret KelleyDIRECTOR$68,818
    Tom MarinkovichDIRECTOR$67,850
    Francisco GarciaDIRECTOR$66,350
    Leroy WilliamsDIRECTOR$65,350
    Susana MartinezDIRECTOR$62,350
    John FitzgeraldDIRECTOR (THRU 06/24)$61,850
    Laura RizzoSENIOR VICE PRESIDENT (THRU 01/24)$9,646
    Hank BrownDIRECTOR$6,350

    Grant Activity

    All-time grants received statistics from Candid dataset:

    • Total Grant Value: $812,935
    • Number of Grants: 13
    • Number of Funders: 7

    Selection of highest value grants received from the last seven years:

    AmountYearFunderSubject
    $380,0002020 UNITED WAY OF NORTHERN UTAHGENERAL OPERATIONS
    $9,4222024 The Strohm Link Family FoundationASSISTANCE WITH ORDINARY OPERATING EXPENSES
    $1,0002023 French Foundation Trust UdeclGENERAL OPERATING
    $1,0002022 French Foundation Trust UdeclGENERAL OPERATING
    $1,0002021 French Foundation Trust UdeclGENERAL OPERATING
    $1,0002020 French Foundation Trust UdeclGENERAL OPERATING
    $1202023 First Interstate Bancsystem Foundation IncGeneral Operating Support

    All-time grants given statistics from Candid dataset:

    • Total Grant Value: $919,663,936
    • Number of Grants: 12,747
    • Number of Recipients: 3,278

    Selection of highest value grants given from the last seven years:

    AmountYearFunderSubject
    $5,000,0002020 EISENHOWER MEDICAL CENTEROutpatient surgical center
    $2,529,7982023 Young Americans Education Foundation2023 OPERATING SUPPORT AND SPECIAL PROJECTS
    $2,425,9272022 Young Americans Education Foundation2022 Operating Support
    $2,406,6622024 Young Americans Education Foundation2024 OPERATING SUPPORT
    $2,218,4002020 Young Americans Education Foundation2020 Operating support and special projects
    $2,000,0002023 Wyo ComplexWYO SPORTS RANCH ATHLETICS FACILITY
    $1,826,1112020 The University of Colorado BoulderScholarships
    $1,800,0002024 Young Americans Education FoundationADDITIONAL OPERATING SUPPORT
    $1,800,0002021 Homewise IncNEW MEXICO CHARTER SCHOOL FACILITY FUND
    $1,800,0002021 Smithsonian Institution National Air and Space MuseumNATIONAL AIR AND SPACE MUSEUM – WORLD WAR II IN THE AIR
    $1,750,0002024 US Chamber of Commerce FoundationNATIONAL CIVICS BEE
    $1,734,2372021 University of Denver DistributionSCHOLARSHIP
    $1,600,0002020 Hobbs Municipal SchoolsHobbs career & technical education center
    $1,500,0002023 Advance IncADVANCE IMPLEMENTATION
    $1,500,0002023 US Chamber of Commerce FoundationNATIONAL CIVICS BEE
    $1,472,5112021 Psi Chi the International Honor Society in PsychologySCHOLARSHIP
    $1,454,3022020 University of DenverScholarships
    $1,400,0002023 Hazelden Betty Ford FoundationBETTY FORD CAMPUS TRANSFORMATION CAPITAL CAMPAIGN
    $1,294,1812020 Colorado State UniversityScholarships
    $1,226,2582022 University Womens Club of the University of Colorado at BoulderScholarships
    $1,200,0002024 Redemptoris Mater House of FormationCATHOLIC SCHOOL CORE QUALITY TEACHER PIPELINE AND PREPARATION
    $1,200,0002020 Smithsonian Institution National Air and Space MuseumNational air and space museum – world war ii in the air
    $1,150,0002024 Alliance for Choice in EducationTUITION ASSISTANCE ACROSS OUR FOUR-STATE REGION
    $1,150,0002023 Alliance for Choice in EducationTUITION ASSISTANCE ACROSS OUR FOUR-STATE REGION
    $1,128,6052021 Colorado State UniversitySCHOLARSHIP

    References

    1. The Life and Legacy of Bill Daniels, third edition (Denver:  Daniels Fund, 2021), 23.
    2. The Life and Legacy of Bill Daniels, third edition (Denver:  Daniels Fund, 2021) 22-23.
    3. Randy Welch, “The Builder of Cable Empires,” Channels of Communications, January/February 1985.
    4. Life and Legend of Bill Daniels (Denver:  Daniels Fund, 2012), 39.
    5. Larry Stewart, “With Daniels, You Find That Nice Guys Needn’t Finish Last,” Los Angeles Times, May 27, 1994. In 2006 Daniels and Associates was acquired by the Roya Bank of Canada.  Mike Farrell, “Canadian Bank Buys Daniels,” Multichannel News, November 27, 2006.
    6. Marcy Gordon,” Neil Bush Working for Cable Consulting Firm,” Associated Press, October 5, 1992.
    7. Sally Beatty, “Preserving a Donor’s Intent,” Wall Street Journal, October 6, 2006.
    8. Amended and Restated Bylaws of the Daniels Fund, May 2009
    9. [1] Life and Legend of Bill Daniels (Denver:  Daniels Fund, 2012)
    10.  Martin Morse Wooster, How Great Philanthropists Failed and How You Can Succeed in Protecting Your Legacy (Washington, D.C.:  Capital Research Center, 2017), 314.
    11. Evan Sparks, “Back to Bill,” Philanthropy, Fall 2011.
    12. “National Air and Space Museum Receives #3 Million Gift from Daniels Fund For New World War II Gallery,” press release dated May 10, 2021, https://airandspace.si.edu/newsroom/press-releases/national-air-and-space-museum-receives-3-million-gift-daniels-fund-new (accessed June 17, 2022)
    13. [1] Daniels Scholarship Program, Daniels Fund, https://www.danielsfund.org/scholarships/daniels-scholarship-program/overview (Accessed June 17, 2022)
    14. 2020 Daniels Fund Form 990.