There is a gold and black flag on display at graduation, which is likely the
institutional flag. I could not find a picture that showed any details, however. Dave Fowler, 3 February
2020
Additionally, during Commencement, there appears to be a tradition of lining the
fence behind the speaker with banners representing each class that has graduated
from Colorado College. The banners all have the same pattern: black with a gold
border, the year the class graduated in the center in gold numbers (e.g. "2020"
or "1977"), the word "COLORADO" arched above the class year in gold capital
letters, and the word "COLLEGE" along the bottom of the banner, also in gold
capital letters. Randy Young, 4 September 2020
Colorado College - "Colorado College is a private liberal arts college in Colorado Springs, Colorado. It was founded in 1874 by Reverend Thomas Nelson Haskell in his daughter's memory. The college enrolls approximately 2,000 undergraduates at its 90-acre (36 ha) campus. The college offers 42 majors and 33 minors. Notable alumni include Liz Cheney, Dutch Clark, Thomas Hornsby Ferril, James Heckman, Steve Sabol, Ken Salazar, and Marc Webb. Colorado College is affiliated with the Associated Colleges of the Midwest. Most sports teams are in the NCAA Division III, with the exception of Division I teams in men's hockey and women's soccer.” Source:
https://en.wikipedia.org/wiki/Colorado_College