Theo Ferrara was a talented artist, an honors scholar, an athlete, and above all else, a kind and generous spirit. The Theo Ferrara Scholarship Fund is dedicated to keeping the memory of Theo alive. The money raised by this fund will be dispersed yearly to a deserving Freeport High School in conjunction with the Freeport High School Scholarship Fund, and The Cushing Trust.

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The Theo Ferrara Memorial Scholarship Fund is a 501c3 approved organization.