2025-11-14T09:53:41-08:00 2024-12-31 200841703 Michael P Merrion PC 8758 Wolff Court Ste 105 Westminster CO 80031 990 2024-01-01 810619100 THE KIT FARAGHER FOUNDATION KITF 3033224922 PO BOX 12440 DENVER CO 80212 BETH ANN FARAGHER President 2025-11-13 true true Michael P Merrion P00098160 3033226288 2024 2025-03-06 01:10:19Z BETH ANN FARAGHER PO BOX 12440 DENVER CO 80212 180705 false X kitfaragherfoundation.org X 2003 CO GRANT SCHOLARSHIPS AND EDUCATIONAL ASSISTANCE TO COLORADO AND OHIO STUDENTS IN NEED OF FINANCIAL ASSISTANCE FOR COLLEGE. 5 2 0 5 0 34213 26974 0 9493 31739 2448 0 46154 58713 29000 49313 0 0 0 0 9975 8561 38975 57874 7179 839 489740 502764 86689 98878 403051 403886 GRANT SCHOLARSHIPS AND EDUCATIONAL ASSISTANCE TO COLORADO AND OHIO STUDENTS IN NEED OF FINANCIAL ASSISTANCE FOR COLLEGE. false false 49313 49313 IN 2024 SCHOLARSHIPS TOTALING $44,313.00 WERE AWARDED TO STUDENTS SELECTED BY THE SELECTION COMMITTEE AS THE MOST DESERVING APPLICANTS. OF THAT AMOUNT $21,813.00 WAS PAID DURING 2024, AS WELL AS AN ADDITIONAL AMOUNT OF $27,500.00 FOR SCHOLARSHIPS AWARDED IN PRIOR YEARS. THESE GRANTS INCLUDED ASSISTANCE STIPENDS IN THE AMOUNT OF $500 GRANTED TO TWO STUDENTS IN 2024 AND A THIRD GRANT TO ANOTHER STUDENT IN THE AMOUNT OF $2,500. IN ALL, EDUCATIONAL GRANT DISTRIBTIONS IN 2024 TOTALED $49,313. ALL SCHOLARSHIP AMOUNTS ARE PAID DIRECTLY TO THE COLLEGES SELECTED BY THE RECIPIENTS. ASSISTANCE STIPENDS ARE PAID TO THE STUDENT AWARDED THE GRANT. SEE ATTACHED SCHEDULE FOR ADDITIONAL DETAIL. 49313 true false false false false false false false false false false false false true true false false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false true 0 0 false 0 false false false false false false false 0 false false false false false false false X 5 2 true false false false false false false false true false false false false false false false false false BETH FARAGHER 3033224922 PO BOX 12440 DENVER CO 80212 X BETH ANN FARAGHER President & CEO 4.00 0.00 X X 0 0 0 MICHAEL MCCASLAND Treasurer 2.00 0.00 X X 0 0 0 WILLIAM E FARAGHER JR Director 2.00 0.00 X 0 0 0 MARY FARAGHER WATERMAN Vice President 2.00 0.00 X X 0 0 0 TAYLOR HALAGAN Secretary 2.00 0.00 X X 0 0 0 0 false false false 0 26974 26974 0 12931 12931 0 0 0 140800 121992 18808 18808 18808 0 0 0 0 58713 31739 0 49313 49313 0 0 0 0 0 0 0 0 0 0 1699 1699 0 0 2521 2521 0 0 0 0 0 0 0 0 0 0 0 0 0 Printing and Publications 1740 1740 Postage and Shipping 1540 1540 MEALS & ENTERTAINMENT 575 575 ADMINISTRATIVE EXPENSES 476 476 10 10 57874 49313 8561 0 0 70074 35950 0 0 0 0 0 0 0 0 382166 424314 0 0 0 37500 42500 489740 502764 49189 56377 37500 42501 86689 98878 X 403051 403886 403051 403886 489740 502764 X 839 -4 X false false false X 30300 29946 35305 34212 26974 156737 0 0 0 0 30300 29946 35305 34212 26974 156737 0 0 156737 9417 13381 11735 9493 12904 56930 0 9417 13381 11735 9493 12904 56930 0 0 39717 43327 47040 43705 39878 213667 0.73360 0.78000 0.26640 0.22000 X SCHOLARSHIP COMMITMENTS 42500 42500 Rounding 1 SCHOLARSHIP COMMITMENTS 42500 42501 false 0 0 SCHOLARSHIP 12 49313 CASH Form 990, Part VI, Section A, Line 2 FIVE PERSON BOARD INCLUDES 3 RELATED FAMILY MEMBERS (SIBLINGS) Form 990, Part VI, Section B, Line 11b No review was or will be conducted. Form 990, Part VI, Section C, Line 19 No documents available to the public. Form 990, Part XI, Line 9 ROUNDING = -$4 Statement Note 1 The Kit Faragher FoundationPO Box 12440Denver, CO 80212EIN 81-0619100___________________________________________________________________The Kit Faragher Foundation awarded four Memorial Scholarships for the 2024-2025 School Year to Gabriella Combs, Sarah Green, Anahi Mendez Diosdado and Jack White. In addition, assistance stipends were awarded to Emma Geesling, Rachael Zurick and Corbin Wallace. Total Scholarships awarded in 2024-2025 School Year was $40,000 which will be paid out over a two year period. Total Assistance Stipends awarded in 2024 was $4,313. Statement Note 2 Attachment to Form 990 (2024)In 2024 the Kit Faragher Foundation awarded FOUR 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 four scholarships for the 2024-2025 school year were an award of $10,000.00 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 January, 2024 to the scholarship coordinator of every Colorado high school, including public and private high schools and alternative schools, which had students in the 12th grade. For the Geauga County Ohio Scholarship, that application (in English and Spanish) was uploaded to the foundation's website in January, 2023 and notice was mailed to the scholarship coordinator for every Geauga County, Ohio school that had students in the 12th grade. Once received, subcommittees (one in Colorado and one in Ohio) 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 Colorado and Geauga County Ohio Kit Faragher Memorial Scholarship Selection Committees, which determined which applicants to interview. Based upon the individual interviews, the four scholarship recipients for the 2024-2025 school year were chosen by The Kit Faragher Memorial Scholarship Selection Committees. 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. In addition to the scholarships awarded by the committee, three special awards were made in the form of student assistance stipends to scholarship applicants who, while not awarded a scholarship, were recommended by the committee as exceptional applicants based on the same criteria utilized for the scholarship awards. Student Assistance Stipends awarded in 2024 totalled $4.313.