On September 22nd, 1997, Nick and Margaret Colarelli established the Colarelli Family Foundation, organized as a non-profit corporation (501 c 3), under the laws of the state of Missouri.

Overall policy, control, direction and management of the affairs and finances of the Corporation are currently vested in a Board of Directors comprised of twelve members. To be a Director, a person must be at least 21 years old and be a lineal descendent of Nick J. Colarelli and Margaret Ann Colarelli (either natural or adopted) or a spouse of a lineal descendent.

Currently, the Directors of the Colarelli Family Foundation are:

Nick J. Colarelli
Gina Colarelli O’Connor
Angela Colarelli Carron
Nick J. Colarelli III
Vincent Colarelli
Katherine Colarelli Beatty

Margaret Ann Colarelli
Patrick O’Connor
David Carron
Karen Hunter Colarelli
Janet Bearly Colarelli
Christopher Beatty

The officers of the Foundation shall be members of the Board of Directors and shall consist of a President, a Vice President, a secretary and a treasurer. The officers of the Foundation shall be elected by a majority vote of the Board Of Directors annually. Following are the current officers:

President: Nicholas J. Colarelli
Vice President: Margaret Ann Colarelli
Secretary: Margaret Ann Colarelli
Treasurer: Margaret Ann Colarelli