1982 – The Colorado Attorney General’s Office files a lawsuit to remove the City and County of Denver as the Trustee of the George W. Clayton Trust for the City’s alleged self-dealing with the Trust’s assets, including the Park Hill Golf Course. The City resigns as the Trustee and University of Denver Chancellor Chester Alter is named as interim Trustee.

1984 – The Clayton Foundation is created and becomes the permanent Trustee of the George W. Clayton Trust. The Clayton Foundation is governed by a volunteer Board of Trustees.