2024-25 Annual Report

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2024 DSF Gala Featured Video

DREAMS COME TRUE THROUGH A CAREER IN AVIATION

Letter From Our CEO

Dear friends,

It brings me great joy to share this year’s Annual Report, highlighting the remarkable accomplishments, resilience, and determination of Denver Scholarship Foundation (DSF) Scholars and Denver Public Schools (DPS) students. I am deeply grateful for the dedication of DSF staff, board, DSF Alumni, partners, and donors; together with students and DSF Scholars, we are opening doors, broadening horizons, and strengthening Colorado’s talent pipeline along with our shared future.

Last year, DSF served more than 14,000 DPS students at our DSF Future Centers and a growing number of over 2,500 DSF Scholars. We remain committed to partnering with students, not only to and through their college success, but also into meaningful careers. As the job market continues to become more competitive, we know college is only the first step toward economic mobility and leading a life of freedom and choice. Building skills, knowledge, and confidence to successfully transition from education to career continues to be a key focus of our work.

Alongside our district, college, community and corporate partners, we are expanding career and workforce readiness efforts through innovative programming that connects students with real-world information, skills-building, and career opportunities. These connections lead to powerful outcomes as DSF Scholars enter the workforce, contribute to the economy, give back to the community, and establish themselves as influential pillars in the Denver area. Many DSF Alumni also stay connected with DSF as employees, volunteers, mentors, ambassadors, and donors.

As I reflect on the many successes of the past year, I am honored to walk alongside so many incredible students, DSF Scholars, and Alumni on their educational and professional journeys, and I am energized by the passion and commitment of the entire DSF community. Our collective belief in the students and families we serve drives everything we do and inspires us to keep pushing forward, especially in times of uncertainty and challenge.

Thank you for being a key part of the DSF family; our work would not be possible without each of you. Please enjoy the many stories and highlights included in this year’s Annual Report and join us in celebrating each and every success!

With gratitude,

LORII RABINOWITZ

Chief Executive Officer
Denver Scholarship Foundation

Denver Scholarship Foundation (DSF) is a nonprofit helping to make college possible and building the educational and economic future of Denver by collaborating with Denver Public Schools (DPS) high school students, families, and partners statewide to increase access and completion of post-high school learning, while also expanding generational exposure to career and entrepreneurial opportunities.

DSF accomplishes this through its nationally recognized, evidence-based three-part program consisting of support systems, actionable tools, and scholarships to help guide students to lifelong success.

Our Three-Part Approach

Access

Our full-time DSF College Advisors work proactively with DPS 9th-12th graders at our DSF Future Centers located inside DPS high schools.

Scholarships

We award need-based scholarships to DPS graduates attending a technical college, community college, or university in Colorado.

Success

We partner with colleges in Colorado to provide our scholarship recipients with ongoing support to help them succeed through college, career and beyond.

DSF Donor Spotlight

U.S. Bank is honored to stand alongside DSF, powering potential and empowering our next generation workforce. From the DSF Future Centers to DSF’s impressive college success rate, we are so proud that we are a part of generational wealth building for DSF Scholars.

Marcia Romero

Vice President and Community Affairs Manager, U.S. Bank

For Marcia Romero, Vice President and Community Affairs Manager at U.S. Bank, supporting Denver students isn’t just a passion – it’s personal. An alum of Abraham Lincoln High School and a first-generation college graduate, Marcia understands the importance of the mission of Denver Scholarship Foundation (DSF). Since 2018, U.S. Bank has supported DSF through its grant program and, in 2022, became a Named Scholarship Partner, awarding scholarships to DSF Scholars pursuing majors such as accounting, finance, and more.

Marcia has also given her time on DSF career panels, as a mentor in various DSF programs, and as a long-time advocate of student advancement. At the 10th Annual DSF Gathering of Gratitude, DSF Scholar and CU Boulder student Dahni Austin shared her appreciation for U.S. Bank’s financial support and DSF’s guidance that has helped her navigate her academic path. During the event, Marcia shared how U.S. Bank’s commitment to expanding access to education aligns with helping Denver students achieve career success through storytelling and networking.

College Access

DSF staff operated 15 DSF Future Centers serving Denver Public Schools (DPS) high schools.

55% of all DPS Seniors were served by DSF.

DSF College Advisors worked proactively with over 3,600 high school seniors and their families.

DSF expanded support by serving over 10,600 9th – 11th grade DPS students.

Campos with his both DSF College and Campus Advisor

FROM WEST HIGH SCHOOL TO MSU MARKETING GRAD

For eight years, DSF Alum Angel Campos utilized the wraparound support provided by DSF and his DSF College and Campus Advisors. College and career guidance helped him realize his dreams of a meaningful role in marketing.

Scholarships

DSF provided scholarships to over 2,500 esteemed and determined DSF Scholars.

DSF provided over $8.9 million in scholarship dollars to graduates of DPS pursuing a college education.

DSF surpassed $81.3 million in total scholarship dollars awarded to over 11,600 DPS graduates since the fall of 2007.

Carlos Cantor poses outside his office in front of colorful trees

A DSF ALUM INVESTING IN EDUCATION

Carlos Cantor, proud DSF donor and part of one of the first graduating classes of DSF Scholars, pursued a degree at CU Boulder with support from the DSF Scholarship. He now gives back, investing in the future of Denver.

Success

DSF partnered with 30 technical colleges, community colleges, and universities in Colorado to provide on-campus support for DSF Scholars.

On average, as a part of our partnership, each year DSF Scholars receive $3 in additional financial aid from our College Partners for every $1 they receive from DSF.

87% of DSF Scholars were first-generation college students and 92% identified as students of color.

100% of DSF Scholars grew up in moderate to low to moderate-income households.

Thaw Sue sits inside a large plane engine at the Denver International Airport

DREAMS COME TRUE THROUGH A CAREER IN AVIATION

DSF Alum Thaw Sue, a first-generation college graduate and George Washington High School alum, earned her bachelor’s degree in aviation and aerospace science from MSU Denver. Internship exposure and mentorship helped guide her path.

Community Spotlights

Use the arrows to explore stories on the slides below.

01 | DONORS

DSF Scholars Go Behind the Scenes at Leprino Foods

Since DSF’s inception, Leprino Foods has shared the commitment to education, career development, and community investment through philanthropic donations and volunteer support. Recently, DSF Scholars and staff had the unique opportunity to attend a guided tour of Leprino’s Denver facility, a day filled with meaningful learning experiences, engaging conversations, and a deeper look into one of the world’s leading dairy manufacturers.

READ THE FULL STORY

02 | Partners

Celebrating Champions: Meet DSF’s 2024 Partners of the Year!

DSF announced its 2024 Partners of the Year, Arapahoe Community College, Abraham Lincoln High School, Leprino Foods and Denver7, these four organizations were honored at the 2024 DSF Homecoming Gala for their exceptional commitment to supporting DSF and our students across the categories of College, District, Corporate and Community Partner. DSF extends our heartfelt gratitude to these organizations for their dedication, talent, and steadfast support.

READ THE FULL STORY

03 | Sponsors

DSF Partners with the Denver Broncos Foundation and DMLK

The Denver Broncos Foundation proudly sponsors one of DSF 15 Future Centers, the DSF Future Center at Dr. Martin Luther King Jr. Early College. This partnership highlights the importance of community collaboration in creating meaningful and lasting opportunities for students. By investing in today’s students, we are helping to build the next generation of leaders.

READ THE FULL STORY

04 | Alumni

DSF Scholar to Harvard Scientist and Lifelong Learner

DSF Alum Jose Santos Navarro Arriola graduated from Thomas Jefferson High School and attended the University of Colorado Boulder where he majored in Molecular, Cellular, and Developmental Biology. He is now pursuing a Ph.D. at Harvard University, focusing his research on diabetes and the molecular effects of hyperglycemia on pancreatic cells – an impactful field of study with biomedical relevancy and fundamental science.

READ THE FULL STORY

“Polsinelli, PC, my family, and I are proud to stand with DSF. As an alum, I know the power of DSF’s work—walking with Denver students from ninth grade to career. DSF doesn’t just award scholarships; they change trajectories and open doors for first-generation students that might never have existed. Education opens doors and DSF makes it possible for Denver students to achieve their dreams.”

Clement Asante
DSF Alum | DSF Associate Board Chair | Associate, Polsinelli

“I am deeply honored to serve on Denver Scholarship Foundation’s Board of Directors, the transformative power of education is undeniable, and the Foundation’s commitment to unlocking higher education opportunities for Denver’s young people resonates strongly with me.”

Don Daboub
DSF Board Member | SVP of Sales at Entravision

“After receiving DSF’s guidance and support as a student, it’s incredibly meaningful for me to now serve as a DSF Campus Advisor at my very own alma mater, helping students walk the same hallways I once did and navigate the very same questions I once had.”

Alyssa Diaz
DSF Alum | DSF Campus Advisor at University of Colorado Denver

“As a Denver student, the sooner you start visiting the DSF Future Center and build a relationship with your DSF College Advisor, the sooner they can help you plan for your future. Believe in your potential, and know that there are always resources and people who want to help you, as long as you advocate for yourself and ask for support.”

Jose Santos Navarro Arriola
DSF Alum | Researcher and PhD Student at Harvard University

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“RevGen believes in empowering people – our clients, employees, and those within our communities – so that we may all aspire to be more. Our partnership with DSF is a wonderful embodiment of that ethos. We appreciate the collaboration to find meaningful opportunities for employee engagement that are first and foremost of value to DSF staff and students. It is an honor to work alongside DSF to support Denver students along their college and career journeys!”

Lisa Walvoord
Chief of Staff at RevGen

“My DSF College Advisor at John F. Kennedy High School, Miguel, opened the door to college for me and my family, helping me with FAFSA and all the enrollment processes, and still guides me today.”

Erick Plata
DSF Scholar at Colorado State University studying Construction Management

“As part of the DSF Alumni Artist Collaboration, I created an art piece to display my journey as a DSF Scholar and symbolize the help from DSF throughout high school and college. This support allowed me to expand, grow, and continue to bloom.”

Yazmin Atmore
DSF Alum, Artist, Educator and Community Organizer

“My DSF College Advisor and DSF Future Center at Dr. Martin Luther King Jr Early College have not only provided financial support but also connected me with guidance and resources that helped me navigate my academic path. Their investment in my education has inspired me to push forward, excel in my studies, and give back to my community by creating more opportunities for underrepresented students.”

Dahni Austin
DSF Scholar at University of Colorado Boulder studying Accounting and Real Estate

Combating Higher Education Crisis with Support – Urban Spectrum

The Urban Spectrum featured DSF College Advisor and alum Ambria Merriex, who discussed the increase in FAFSA completion rates through DSF-hosted financial aid workshops for the Denver community.

READ FULL STORY

Student Enrollment Up Despite FAFSA Issues – Chalkbeat

Chalkbeat featured Federico Rangel, DSF Lead College Advisor, and Natasha Garfield, Director of Scholarships and Financial Aid, who shared that despite delays and glitches with the FAFSA application, students’ enrollment at nearly all Colorado four-year universities is up.

Read full story

Closing the Wage Gap for Denver Latinas – Colorado Community Media

The Denver North Star featured DSF Marketing and Communications Manager Kimberley Villegas as a guest contributor in recognition of Latina Equal Pay Day, highlighting that Latinas earn just 57 cents for every dollar earned by white, non-Hispanic men.

Read full story

Financials

The DSF mission gives our donors something worth investing in, and our fiscal responsibility solidifies their sound return on investment.

Statement of Activities

Support and Revenue

Gifts & Grants	$10,625,685
Net Investment Income	$3,108,144
Government Grants	$931,510
Special Events Revenue (net)	$764,256
Prosperity Denver Fund	$9,798,590
Other	$197,460
Total Support & Revenue	$25,425,645

Expenses

Scholarships	$9,259,849
Program (Access & Success)	$6,493,918
Fundraising, Marketing, & Communications	$1,207,938
General & Administrative	$2,497,187
Totals	$19,458,892

Statement of Financial Position

Assets

Cash & Cash Equivalents	$2,474,755
Pledge Receivables	$3,522,394
Grant Receivables	$101,319
Investments	$37,975,046
Fixed Assets (net)	$41,015
Other Assets	$1,118,778
Totals	$45,233,307

Liabilities & Net Assets

Liabilities

Accounts Payable and Accrued Expenses	$528,675
Deferred Sponsorships & Refundable Advances	$208,654
Lease Liability	$1,060,753
Total Liabilities	$1,798,082

Net Assets

Unrestricted	$5,637,254
Restricted	$37,797,971
Total Net Assets	$43,435,225

Statements of financial position and activities as of June 30, 2025.

DSF Staff

From advising high school students to processing scholarship payments, the impact of DSF staff serves as the heartbeat of DSF.

Staff list current as of the 2024-25 fiscal year.

Executive Team

Nate Cadena
Chief Impact Officer

Darcy Morel
Chief Development Officer

Lorii Rabinowitz
Chief Executive Officer

Patti Schwartzberg
Chief Financial and Administrative Officer

Development

Taylor Atkinson
Donor Relations Manager

Montze Casillas
Events Intern

Cendy De La Torre Gonzalez
Events Manager

Robin DeGrassi James
Director of Development Operations

Sara Golditch
Corporate Relations and Volunteer Manager

Corey Layden
Development Operations Specialist

Kate Lievens
Director of Individual Philanthropy

Becca Orozco
Director of Corporate Relations

Juliana Wierimaa
Director of Events

Marketing and Communications

Angel Campos
Marketing and Communications Intern

Olivia Omega
Senior Director of Marketing and Communications

Flor Prieto
Social Media & Digital Marketing Intern

Graciela Valencia
Marketing Project Coordinator

Kimberley Villegas
Marketing and Communications Manager

Evan Wilder
Creative Design Manager

Administration

Taylor Circeo
Operations Manager

Anna Gorman
IT Business Analyst

Rigo Hinojos
IT Support Administrator

Adriana Kilday
Salesforce Administrator

Mat Lichini
Director of Finance

Elizabeth Miscles
Accountant

Angrith Na
Director of Data & Evaluation

Nomi Naranbaatar
Salesforce Developer

Maria Rangel Leon
Salesforce Administrator/Business Analyst

Alma Rocha Vasquez
Employee Experience Coordinator

Sara Saucedo
Executive Assistant

Roger Trigo
Assistant Director of People & Culture

Jake Wenger
Director of Information Technology

Patricia Whitehouse
Senior Director of People & Culture

Program

Lidia Alvarez
Success Partnership Manager

Renae Bellew
Senior Program Director

Danté Bills
Assistant Director of Access

Ryan Burton
Executive Doctoral Resident

Emily Carlson
Program Coordinator

Ashton Clouse
Director of College Success

Natasha Garfield
Director of Scholarships and Financial Aid

Gabe Guindon
Director of College Access

B.J. Layman
Assistant Director of Advisement

Stephanie López
Success Program Manager

Diana Madriz
Assistant Director of College Access

Kevin McNulty
Assistant Director of Career & Applied Pathways

Anitra Montoya
Re-engagement Manager

Breanna Murphy
Scholarship Data Specialist

Christian Muñoz
Program Advisor

Keiry Sosa Velazquez
Scholarship Program Specialist

Ben Stevens
Scholarship Program Manager

Steph Yazell
Assistant Director of Success Advisement

Campus Advisors

Alyssa Diaz
Campus Advisor, University of Colorado Denver

Maria Finan
Lead Campus Advisor, University of Colorado Denver

Ona Fisher
Campus Advisor, Community College of Denver

Cynthia Gallegos
Campus Advisor, Community College of Denver

Ale Gutierrez
Campus Advisor, University of Colorado Denver

Citlalith Medrano
Campus Advisor, Community College of Denver

Elynn Price
Lead Campus Advisor, Community College of Denver & University of Colorado Denver

Steph Saenz
Campus Advisor, Metropolitan State University of Denver

Liz Taylor
Lead Campus Advisor, Metropolitan State University of Denver

Denisse Villalba
Campus Advisor, Metropolitan State University of Denver

Jesus Yañez
Campus Advisor, Metropolitan State University of Denver

College Advisors

Leslie Andrade
College Advisor, Northﬁeld High School

Alyssa Baker
College Advisor, Thomas Jeﬀerson High School

Miguel Bañuelos-Garcia
College Advisor, John F. Kennedy High School

Kenny Boettcher
College Advisor, Northeast Early College

Yesenia Bonilla-Cardenas
College Advisor, Northeast Early College

Katie Damas
College Advisor, John F. Kennedy High School

Gabriela Delgado
College Advisor, Montbello High School

Juan Estrada
College Advisor, George Washington High School

Ali Klein
College Advisor, South High School

Michele Lopez
College Advisor, North High School

Angelica Lopez-Rodriguez
College Advisor, Bruce Randolph School

Patton Lowell
College Advisor, South High School

Joselyn Loya Acosta
College Advisor, Abraham Lincoln High School

Caitlin Mendenhall
College Advisor, East High School

Ambria Merriex
College Advisor, East High School

Hannah Minturn
College Advisor, George Washington High School

Zack Montez
Lead College Advisor, Northﬁeld High School

Christina Mulé
College Advisor, Bruce Randolph School & Manual High School

Yesenia Ortiz
College Advisor, Dr. Martin Luther King, Jr. Early College

Araceli Palacios
College Advisor, Montbello High School

Claudia Quiroz
College Advisor, Abraham Lincoln High School

Federico Rangel
Lead College Advisor, West High School

Esmeralda Rodriguez
Lead College Advisor, Dr. Martin Luther King, Jr. Early College

Marcela Rodriguez-Campos
College Advisor, CEC Early College

Victor Sandoval
College Advisor, West High School

Zulema Sierra
Lead College Advisor, North High School

Chiara Spavieri
College Advisor, Manual High School

Emily Webster
Lead College Advisor, Thomas Jeﬀerson High School

Emily Weiss
Lead College Advisor, CEC Early College

TRIO Talent Search

Ismael Garcia
Assistant Director of TRIO

Denise Kupetz
TRIO Operations Specialist

Ivan Montes
Assistant Director of TRIO

Jose Olivo
Director of TRIO Talent Search

Derrek Sandoval
Assistant Director of TRIO

DSF Board

Our board of directors, comprised of leaders invested in the success of every Denver Public Schools student, shapes the future and direction of DSF.

Board list current as of the 2024-25 fiscal year.

Luella Chavez D’Angelo
Chair
Senior Advisor, Lee Hecht Harrison

Katie L. MacWilliams
Treasurer
Community Volunteer

John A. Elofson
Secretary
Partner, Davis Graham & Stubbs LLP

Steve E. Abelman
Shareholder, Brownstein, Hyatt, Farber, Schreck

Maria G. Arias
Principal, Maria Arias Solutions

Andy Boian
Founder & CEO, dovetail solutions

Tom F. Brady
Professor of Practice in Mineral Economics, Colorado School of Mines

David Brewster
Associate Board Chair
Attorney, Otten Johnson Robinson Neff + Ragonetti PC

Daniel Brown
Delivery Executive, Customer Success Services, SAP

Denise Burgess
President & CEO, Burgess Services

Stacy Carpenter
Shareholder, Greenberg Traurig

Jennifer Cmil
Executive Vice President of Human Resources, Newmont

Jason Clark
Director, D&I Strategy & Business Partner, Charles Schwab

Jonathan Coleman
Portfolio Manager, Janus Henderson

Luis A. Colón
Chief Financial Officer, Colorado Judicial Branch

James Cousin
CFO & Chief Diversity Officer, Association of periOperative Registered Nurses (AORN)

Don Daboub
SVP of Sales, Entravision

Bob F. Deibel
Owner/Shareholder, Jupiter Consolidated Group

Barry Dorfman
President, Rocky Mountain Region, Jones Lang LaSalle Americas, Inc.

Cathey M. Finlon
Retired CEO & Chair, McClain Finlon

Alberto Garcia
Government & Community Affairs Manager, Google Fiber

Lynn M. Gangone
Retired President & CEO, American Association of Colleges for Teacher Education (AACTE)

John J. Hanley
Managing Director, J.P. Morgan Private Bank

Marisa Hudson Arney
Attorney, Condit Csajaghy LLC

John A. Ikard
Retired CEO, FirstBank Holding Company

Afsoon Kelly
Treasurer, The Anschutz Corporation, The Anschutz Foundation

Steve Krom
SVP of Marketing and Sales West Division, Comcast

Tiphani Krueger
Executive Counselor, McLean & Company

Sandi Lewis
Board Member

Andy Miller
Co-Founder & Managing Director, Copley Equity Partners LLC

R. Scott Nycum, Jr.
Retired Vice Chairman, J.P. Morgan Private Bank

Betsy Rodriguez
Retired SVP & Chief Human Resource Officer, Children’s Hospital Colorado

Bill Ryan
Retired Director, Colorado State Land Board

Ryan Tobin
Market President for the Greater Denver Market, CommonSpirit

Anne Trujillo
Retired News Anchor, Denver7

Danny Wetmore
Vice President, Operations Innovation, DaVita

DSF Associate Board

The Associate Board members are an integral part in inspiring Denver Public Schools students and providing the tools, knowledge, and financial resources essential for success.

Associate Board list current as of the 2024-25 fiscal year.

David Brewster
Chair
Attorney, Otten Johnson Robinson Neff + Ragonetti PC

Clement Asante
Chair-Elect
Associate, Polsinelli

HuyenThi Le
Chair Emeritus
Independent Mortgage Broker, Industry Home Mortgage

Michael Kelly
Community Engagement Committee Chair
Relationship Manager – AVP – Front Range Business Banking, Vectra Bank Colorado

Amber Conn
Community Engagement Committee Chair-Elect
Investor Relations Coordinator, Liberty Media

Brian Dorfman
Nominations Committee Chair
Vice President Operations at PropX, Liberty Energy

Hannah Koutrouvelis
Nominations Committee Chair-Elect
Staff Counsel, Resource Capital Funds

Julia Bremer
Social Committee Chair
Assurance Manager, DaVita

Bola Adeyeye
Production Engineering Manager, Antero Resources

Daniella Branger
Business Banking Sales Manager, US Bank

Abby Brown
Strategy & Analytics Senior Consultant, Deloitte Consulting

Jenna Case
Technical Software Engineer, MindCloud

Emmanuel Dominguez
Senior Loan Officer, Supreme Lending

Arnold Fernandez
Senior Investment Associate, JPMorgan Chase & Co.

Tyler Gamble
Strategic Initiatives Manager, The ZOMA Foundation

Maureen “Mo” McDonald
Sr. Project Manager, DaVita

Joe Miller
Founder & Managing Partner, Flatiron Search Partners

Joe Newswander
Assistant Principal, Erie High School

Lynn Ngo
Commercial Loan Officer, Redstone Bank

Sav Pillay
Head of Strategy and Operations, Fountain

Alana Plaus
Senior Associate, GBSM, Inc.

Carmen Robinson, MSN, RN
Director of Business Development and Strategy
Colorado Cardiac CPR & First Aid Training

Joe Stork
Portfolio Manager, Bow River Capital

Brittany Thomas
Manager, Client Delivery, RevGen Partners

Jeff Wulliman
Project Manager, Muller Engineering Company, Inc

Maria Yarbough
Vice President Investment Advisor, PNC Bank

Alumni Advisory Committee

The Alumni Advisory Committee (AAC) is made up of DSF Alumni who are engaged in growing and strengthening our larger alumni population.

Alumni Advisory Committee list current as of the 2024-25 fiscal year.

Mattias Assefa
Co-Chair
Healthcare Actuarial Associate, Willis Towers Watson

Jasmine Villalobos-Valles
Co-Chair
Coordinator Scholarship, Leadership, and Community Partner Programs for Scholarship Support, Metropolitan State University of Denver

Perla Bustillos
Parliamentarian
CEO & Project Manager, Inspirada Co.

Keema Ebong
Social Media Chair
Digital Marketer

Amodj Manga
Mentorship Program Chair
Court Operations Analyst, Denver District Court

Elvis Molina
Treasurer
Network Implementation Engineer 2, Lumen

Dirza Pedroza Ceballos
Social Chair
Creative Content Manager, DSST Public Schools

Graciela Valencia
Secretary
Marketing Project Coordinator, Denver Scholarship Foundation

Bintou Diallo
Senior Associate Analyst, Infosys Limited

Rosaisela Hernandez
Admissions Counselor, Metropolitan State University of Denver

Dunya Jimma
Accounting Manager, YES! Communities

Tifany Quinonez
Senior Auditor, Crowe, LLP

Alejandro Reyes Juarez
Community Member

Fabian Reyes Juarez
Assistant Field Manager, Shea Homes

Jeri Romero
Community Member

Ge’Swan Swanson
Enrollment Services Specialist, University of Colorado Denver

Jesus Terrones-Pulido
Engagement Specialist, Kaiser Permanente

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