Palenchar retires from El Pomar

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After 23 years, Dave Palenchar has retired as chief operating officer for El Pomar Foundation. In October of 1990, Palenchar joined the organization. He will remain a Trustee of El Pomar and continue to represent the foundation as chairman of the Colorado Springs Sports Corp, while also working on special projects such as the construction of the Pikes Peak Hill Climb Museum.

In addition, Palenchar will continue to serve as president of the Colorado Springs World Arena, Pikes Peak Center for the Performing Arts and Air Force Academy Foundation. He also serves on the Board of Directors for Pro Rodeo Hall of Fame, Great Outdoors Colorado Trust Fund and is a member of The Chancellor’s Round Table at UCCS.

During his tenure at El Pomar, amongst many other grants in the state of Colorado, Palenchar granted $11.2 million to the CU System, including funding for UCCS’s El Pomar Center: $1.15 million toward the purchase of the former Compassion International headquarters, $1 million toward the Osborne Center for Science and Engineering, and gifts to the Chancellor’s Leadership Class and CU Aging Center.

In 2007, Palenchar was named 2007 Business Citizen of the Year by what was then the Colorado Springs Chamber of Commerce.

University of Colorado Regent Kyle Hybl has been named chief operating officer for the foundation. Hybl joined El Pomar in 2000 and will continue to serve as general counsel. He is also chairman for the Police Foundation of Colorado Springs and general counsel for The Broadmoor Hotel.

Cameron Moix contributed to this story.