The Kit Faragher Foundation

“Client Note 1 - The Kit Faragher Foundation1525 Josephine StreetDenver, CO 80206-1406EIN 81-0619100___________________________________________________________________Attachment to Form 990EZ (2014)Schedule O: Requested for Attachment in Part I, Line 10 (Grants paid)The Kit Faragher Foundation awarded three Memorial Scholarships for the 2014-2015 School Year to Arianna Delgadillo, Javon Carter and Leda Stinson-Ebert. The total award was $5,000.00 each, which will be paid out at $2,500 per school year for two years. Arianna Delgadillo and Javon Carter are attending Colorado State University in Fort Collins, Colorado, and Leda Stinson-Ebert is attending Luther College in Luther College in Decorah, Iowa.Recipients Name & Address Arianna Delgadillo11250 Florence Street 20FHenderson, CO 80640AMOUNT: $1,250.00 PAID 8-18-2014 RELATIONSHIP: NONEJavon Carter 4395 Cook Street #2Denver, CO 80216AMOUNT: $1,250.00 PAID 8/17/2014 RELATIONSHIP: NONELeda Stinson-Evert1461 East 5th StreetDelta, CO 81416AMOUNT: $1,250.00 PAID 8/25/2014 RELATIONSHIP: NONEArianna Delgadillo $1,250.00 Jan. 2015Javon Carter $ 0.00** Jan. 2015Leda Stinson-Evert $1,250.00 Jan. 2015Arianna Delgadillo $1,250.00 Aug. 2015Javon Carter $ 0.00 Aug. 2015Leda Stinson-Evert $1,250.00 Aug. 2015Arianna Delgadillo $1,250.00 Jan. 2016Javon Carter $ 0.00 Jan. 2016Leda Stinson-Evert $1,250.00 Jan. 2016_____________________________________________________________________Arianna Delgadillo $ 5,000.00Javon Carter $ 1,250.00 + ??Leda Stinson-Ebert $ 5,000.00TOTAL: $11,250.00 + ?? Arianna Delgadillo: In August 2014, one-quarter of the scholarships $5,000.00, or $1,250.00 was paid to Colorado State University, Jeanne Snyder, Scholarship Coordinator, Student Financial Services, Centennial Hall, 1065 Campus Delivery, Fort Collins, CO 80523-1065 for Ms. Delgadillos scholarship. The second portion of the scholarship, $1,250, was paid to Colorado State University in January 2015 as Ms. Delgadillo met the scholarship requirements. The third portion of the scholarship, $1,250, was paid to Colorado State University in August 2015 as Ms. Delgadillo met the scholarship requirements. The remaining one-quarter ($1,250) of the scholarship will be paid to Colorado State University in January 2016 if Ms. Delgadillo continues to meet the scholarship requirements.**Javon Carter: In August 2014, one-quarter of the scholarships $5,000.00, or $1,250.00 was paid to Colorado State University, Jeanne Snyder, Scholarship Coordinator, Student Financial Services, Centennial Hall, 1065 Campus Delivery, Fort Collins, CO 80523-1065 for Mr. Carters scholarship. No scholarship payments were made in January or August 2015 as Mr. Carter did not meet the scholarship requirements. He failed to maintain the 2.5 GPA, send a copy of his transcript and send an update on accomplishments. If Mr. Carter comes back into compliance with the scholarship requirements he will receive the fourth portion of his scholarship. Leda Stinson-Ebert: In August 2014, one-quarter of the scholarships $5,000.00, or $1,250.00 was paid to Luther College, Financial Aid Office, Main 27, 700 College Drive, Decorah, Iowa 52101, for Ms. Stinson-Eberts scholarship. The second portion of the scholarship, $1,250, was paid to Luther College in January 2015 as Ms. Stinson-Ebert met the scholarship requirements. The third portion of the scholarship, $1,250, was paid to Luther College in August 2015 as Ms. Stinson-Ebert met the scholarship requirements. The remaining one-quarter ($1,250) of the scholarship will be paid to Luther College in January 2016 if Ms. Stinson-Ebert continues to meet the scholarship requirements.”

“Client Note 2 - Attachment to Form 990EZ (2014)The Kit Faragher Foundation offers scholarship(s) to graduating Colorado high school seniors who will be attending any accredited two or four-year college or university. The THREE scholarships for the 2014-2015 school year were an award of $5,000.00 each, to be paid over the students first two years of their programs. The requirements to qualify for the scholarship were as follows:Applicant must have a minimum high school GPA of 2.5Applicant must demonstrate a financial need for assistance.Applicant must submit an application, official high school transcript, and a written essay, which captures their sense of personality and achievements, while describing their short and long-term goals.Notice that the new scholarship application had been uploaded to the foundations website (www.kitfaragherfoundation.org) was mailed in February 2014 to the scholarship coordinator of every Colorado school, including public and private high schools and alternative schools, which had students in the 12th grade. Once received, a subcommittee comprised of members of The Kit Faragher Foundation Board of Directors reviewed the completed applications to determine if they met the scholarship requirements. The applicant pool was narrowed down, based primarily upon the financial need of the applicants, although the activities of the applicants and their essays were also considered. The applications were then reviewed by all the members of The Kit Faragher Memorial Scholarship Selection Committee, which determined which applicants to interview. Based upon the individual interviews, the THREE scholarship recipients for the 2014-2015 school year were chosen by The Kit Faragher Memorial Scholarship Selection Committee. The decision was then approved by the Board of Directors of The Kit Faragher Foundation.In order to maintain the scholarship, the recipients must maintain a 2.5 GPA during the time period over which the scholarship is paid out, usually four semesters. Additionally, the recipients must submit a personal written assessment of accomplishments after each semester for the same time period. Transcripts and the personal written assessment must be submitted to The Kit Faragher Foundation at the end of each semester/quarter during the time period over which the scholarship is paid out. The scholarship funds may be used for tuition, books, lab fees, or other costs directly related to the degree program. The scholarship payments are made directly to the college/university where the student is attending.”

“AWARD LUNCHEON $8100”

“SUPPLIES $1707”

“PRINTING & POSTAGE $465”

“REGISTRATION FEES $20”

“ROUNDING $-1”

“Deferred Revenue - Beginning $17761 Deferred Revenue - Ending $23119”

“SCHOLARSHIP COMMITMENTS - Beginning $5000 SCHOLARSHIP COMMITMENTS - Ending $10000”