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MDC/RICHMOND AMERICAN HOMES FOUNDATIONa supporting organization of Lion Global FoundationLIFTING UP OUR COMMUNITIES & CREATING OPPORTUNITY THROUGH GIVING.CONTINUING OUR COMMITMENT

“ LARRY A. MIZEL AND DAVID D. MANDARICH HAVE WORKED THEIRENTIRE CAREERS TO GIVE BACK TO THE COMMUNITY AS THEY BUILTONE OF THE MOST SUCCESSFUL COMPANIES IN OUR STATE.THE RICHMOND AMERICAN HOMES FOUNDATION WAS FORMED TOENSURE THEIR SUPPORT WILL CONTINUE LONG INTO THE FUTURE.” JARED POLIS, GOVERNOR OF COLORADO

OVER 40 YEARS OF SUSTAINABILITYEven as their homebuilding business was just beginning to grow inthe 70s, Larry Mizel and David Mandarich had a bigger vision forthe company than simply financial success. In the early years, thatincluded everything from raising funds for a children’s hospital tocovering the costs for a youth baseball team’s uniforms. Today, aswe’re building new homes and establishing new neighborhoods fromcoast to coast, we’re still focused on supporting thriving communities.In the following pages, you’ll find stories from people from many walksof life. Whether we’re funding cancer research, a second chance for asurvivor of domestic violence, or a scholarship for a low-income child,our goal remains steadfast—to foster a vibrant, thriving community—one step, one dollar, one dream at a time. After all, that’s whatsustainability in business is all about. We’re over 40 years strong,and this is the world view that will sustain us for 40 years to come.As company and community leaders, we understood somethingfrom the very beginning: growing a successful company goes handin hand with fostering a world where that business can flourish.Balancing environmental and social concerns with business needshas always been a cornerstone of our efforts. That means lifting upthe communities where our employees live and work so they canprosper. And it means recognizing that our financial performanceis dependent on the continued improvement of the greater worldaround us. Ultimately, building up our customers, employees andour communities isn’t just our responsibility; it’s how we best serveour shareholders.Warm regards,So, we’re taking a long-term view. Our Foundation was formed totake our philanthropic investments to the next level, and that’s notsomething we approach lightly. Through our giving, we look beyondprofitability to support diversity, equal opportunities for women,educational opportunities for at-risk youth, and so much more.Larry A. MizelChairman and CEO, M.D.C. Holdings, Inc. andChairman and CEO, MDC/Richmond American Homes FoundationDavid D. MandarichPresident and COO, M.D.C. Holdings, Inc. andPresident, MDC/Richmond American Homes Foundation1

MDC GIVES BACK.BUILDING BETTER COMMUNITIES THROUGH A CULTURE OF GIVING.M.D.C. Holdings’ Chairman and CEO, Larry A. Mizel, looked for waysto make a difference from day one. From helping Colorado’s youngfarmers and ranchers attend college through the Denver Rustlers, topartnering with employees and subcontractors to raise 1 million forvictims of 9/11, giving has been a huge part of our company culture.Throughout the years, building stronger communities became just asimportant to us as building homes. In 1999, donations were takento the next level with the formation of the MDC/Richmond AmericanHomes Foundation, which quickly became the main vehicle forgiving back.With the Foundation in place, we started asking ourselves how wecould make the greatest impact. What could we do to championhealthcare? How could we support education? How could we enrichour community through art and culture? The answer: sending aid tolocal and global nonprofits desperately in need of funding.GIVING HAS BEEN A HUGE PART OF THECOMPANY CULTURE.2 Forbes Magazine featuresM.D.C. Holdings on itsPlatinum 400 list for theeighth year in a row asone of “America’s BestBig Companies.”2014 M.D.C. realizes recordrevenues of nearly 5 billion. M.D.C. is named a Fortune500 Company, and isrecognized as one ofthe nation’s “MostAdmired Builders.” M.D.C. celebrates its debut onthe New York Stock Exchange!1984 David D. Mandarich joins the Companyand leads the formation of the Company’sRichmond American Homes subsidiaries. The Company closes its first sale on asingle-family home in Denver, CO.2006 Richmond AmericanHomes closes onhome number100,000!1977 Larry A. Mizel establishes MizelDevelopment Corporation, which willlater become M.D.C. Corporation.200520031972COMPANY HISTORY M.D.C. celebrates 30years on the NewYork Stock Exchange(NYSE) by ringing theclosing bell!

THE MOVE!20002001 M.D.C. clocks in at more than205,000 homes built fromcoast to coast. M.D.C., its employeesand subcontractorsraise 1,000,000 forvictims of 9/11.A COMPANY ON M.D.C. celebrates 40years of building singlefamily homes! M.D.C. launches an employeecharitable contributionmatching program.2019 Larry A. Mizel is inducted into the ColoradoBusiness Hall of Fame. Volunteers of America honorsLarry A. Mizel with the 2016Humanitarian Award. M.D.C. ranks in the Top 10 ofthe “Top 400 Housing Giants”by Professional Builder.2017198719852016 M.D.C. Corporation becomesM.D.C. Holdings, Inc.13

4 Giving commences in earnest withthe Foundation donating a total of 250,000 to charitiesin need. The MDC/Richmond American Homes Foundation commits 1.25 million to History Colorado Center (left). With a focus on supporting healthcare, Denver Hospice andShalom Cares each receive 100,000 from the Foundation.20052002 The MDC/Richmond AmericanHomes Foundation is formedto take charitable giving to thenext level.201520121999FOUNDATION HISTORY The MDC/Richmond American Homes Foundation beginspartnership with The Denver Post Charities’ annual SeasonTo Share fundraising campaign with an inaugural corporatesponsor donation of 100,000. 1 million is given to the National Homeland Defense Fund bythe MDC/Richmond American Homes Foundation. The Foundation commits 50,000 to the USS ColoradoCommissioning Committee in support of our nation’s Navy.

LAYING THE FOUNDATION FOR CHANGE.HELPING ORGANIZATIONS DEDICATED TO MAKING A DIFFERENCE.Once the MDC/Richmond American Homes Foundation wasestablished in 1999, the focus on giving gained momentum. In thefirst year alone, the Foundation gave a total of 250,000, with fundsgoing to The Denver Campus of Jewish Education, the TennysonCenter for Children and the Gold Crown Foundation.was quick to lend financial support and helped make the governor’smission possible.The following pages detail similar success stories. Over the years,millions of dollars have been aimed at creating positive change byhelping organizations that share our passion for making a difference.Directing funding where it was needed most became a streamlinedprocess and the Foundation was able to act quickly in times of crisis.In 2010, following the devastating earthquake in Haiti, Coloradogovernor Bill Ritter organized a mission to bring 32 orphans in thefinal stages of adoption safely home to new parents. The FoundationAlways searching for new and innovative ways to deepen its impactand broaden its reach, the Foundation restructured in 2016 to alignwith Lion Global Foundation. Together, they have expanded theiropportunities to engage in effective philanthropy.CREATING POSITIVE CHANGE BY HELPINGORGANIZATIONS THAT SHARE The Foundation celebrates 20years since inception! We lookforward to continuing to supportour mission to lift up communitiesthrough giving.ON GIVING After the devastating earthquake in Haiti, theMDC/Richmond American Homes Foundation joinsforces with Governor Bill Ritter to bring adoptedHaitian children home to their Colorado families.RENEWING OUR FOCUS The Foundation’s cumulative contributions to The Denver Post Charities’Season To Share program reach 1.7 million. The Foundation forms a strategic alliance with Lion Global Foundation todeepen the impact and broaden the reach of both.2010 Victims of Hurricane Katrina receive more than 200,000 from the MDC/Richmond AmericanHomes Foundation.201920162006OUR PASSION.5

EMPOWERING WOMEN.One of our missions is to support women as they work toward better lives and careers through a variety ofworthy organizations.GIVING WOMEN A SECOND CHANCEWe believe everyone has the right to feel safe. For survivors of domestic violence, safety is not a given.Many survivors stay in abusive situations because they fear financial repercussions or physical retaliation.SafeHouse Denver provides the shelter, non-residential counseling and advocacy services needed foradults, children and youth to reclaim their right to a life free of violence. Given this vital mission, lending ahand is an easy choice for us.To learn more, visit safehouse-denver.orgOTHER ORGANIZATIONS WE VALUEMDC/Richmond American Homes Foundation is proud to help SafeHouse Denver and other nonprofits that empowerwomen to live their best lives, including: Blue Bench The Women’s Foundation of Colorado International Women’s Day Women’s Bean Project Mountain 2 MountainFounded in 1977, SafeHouse Denver is celebrating 40 yearsof service to the community.SETTING WOMEN UP FOR SUCCESSIS A TOP PRIORITY.6

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Colorado Flyers Track Club members compete in avariety of track and field events.8

EMPOWERING WOMEN.Education can be key to a successful future and we’re proud to assist organizations that make it easier for womenin need to attend college.COLORADO FLYERS TRACK CLUBFROM THE TRACK TO THE CLASSROOMCollege shouldn’t be out of reach, especially for those with the ambition and drive to make their dreams come true. The Colorado Flyers Track Team startedwith the simple quest of helping young people attain athletic milestones in track and field. In 1976, the Colorado Flyers expanded its mission to provideopportunities for women to attend college through athletic scholarships. We’re honored to help make that happen.To learn more, go to Facebook.com/TheColoradoFlyersIncSUPPORTING WOMEN IN ACADEMICS“Helping women earn scholarships based on their athletic prowess is something we’re proud to get behind. Through theColorado Flyers Track Team, athletes have been given academic opportunities that will benefit them long after their trackand field careers are over.” Larry A. Mizel, Chairman and CEO, MDC/Richmond American Homes FoundationHELPING WOMEN ACHIEVE ATHLETICAND ACADEMIC GOALS.9

CULTIVATING A GREENER WORLD.We believe in leaving a community legacy that fosters a greener, more environmentally conscious future.GREEN INITIATIVES & SUSTAINABILITYAs the economy thrives and development progresses, it becomes more important to preserve and cultivate agreener, healthier community within the city limits. When we saw The Park People working to enhance Denverparks and open spaces, we wanted to do our part. We’re proud to help The Park People spearhead programsthat encourage urban forest development and other green initiatives, especially in Denver’s low-income andlow-canopy neighborhoods.To explore ways to give, visit theparkpeople.orgDENVER DIGS TREESThe Park People is celebrating its 50th year supporting Denver’s parks, recreation resources, open space and urban forest.Their Denver Digs Trees program has provided more than 60,000 free and low-cost trees to Denver residents, enrichingthe local environment and nurturing a greener community for all.The Denver Digs Trees program provides medium and large shade treesspecially selected for Colorado’s climate.R AISING FUNDS TO ENHANCEDENVER’S PARKS.10

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