The Kit Faragher Foundation

“Five person board includes 3 related family members (siblings)”

“No review was or will be conducted.”

“No documents available to the public.”

“Client Note 1 - The Kit Faragher Foundation1525 Josephine StreetDenver, CO 80206-1406EIN 81-0619100___________________________________________________________________The Kit Faragher Foundation awarded eight Memorial Scholarships for the 2019-2020 School Year to Angeline Alcarez, Nancy Coykendall, Phillip Hufman, Emily Gyurman, and Rhianna Patrick. The total award was $10,000.00 each, which will be paid out at $5,000 per school year for two years. The Foundation also awarded a one-time stipend to the University of Colorado in the amount of $1,000.00 on behalf of, and for the benefit of, student Dae Leon Downs, of Colorado Springs, CO. The Foundation also awarded a one-time stipend to the University of Denver in the amount of $1,000.00 on behalf of, and for the benefit of, student Tu Par, of Lakewood, CO. The Foundation also awarded a one-time stipend to Colorado Mountain College in the amount of $500.00 on behalf of, and for the benefit of, student Ashley Urratia, of Rifle, CO.”

“Client Note 2 - Attachment to Form 990 (2018)In 2019 the Kit Faragher Foundation awarded FIVE SCHOLARSHIPS. Three scholarships were awarded to graduating Colorado high school seniors, one of which had to be awarded to a graduating senior from a Montrose County, CO high school. The Kit Faragher Foundation also awarded one scholarship to a graduating high school senior from Geauga County, Ohio. The applicants are all attending an accredited two or four-year college or university. The FIVE scholarships for the 2019-2020 school year were an award of $10,000.00 each, to be paid over the students first two years of their programs. In addition, the Foundation awarded stipends in the amount of $2,500 each (on a one-time basis) to three students in special recognition of their educational endeavors. 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 2019 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 FIVE scholarship recipients for the 2019-2020 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.”

“ROUNDING = $1”