The Pinnacol Foundation awarded $269,500 to 94 students for the 2008-2009 academic year. Bold indicates that the student also received a scholarship in a previous year. Italics indicates that a sibling has also received the scholarship.
| Student | Hometown | School |
| Adrean Abalos | Northglenn | Redstone College |
| Jose Aguirre | Aurora | Community College of Denver |
| James Anderson | Greeley | American InterContinental University |
| Kassidee Benton | Wray | University of Wyoming |
| Bridgett Berg | Colorado Springs | Mesa State College |
| Martin Bonato | Trinidad | Colorado State University-Pueblo |
| Michael Bonney | Pueblo | University of Colorado-Denver |
| Leah Brooks | Longmont | Front Range Community College |
| Adam Bullock | Lafayette | Northeastern Junior College |
| Alicia Carpenter | Cedaredge | IntelliTec College |
| Maggie Carter | Greeley | Chadron State University |
| Sean Carter | Greeley | University of Colorado-Boulder |
| Cristina Chavez | Commerce City | Community College of Denver |
| Joshua Coatney | Fountain | Texas A&M University |
| Robin Coatney | Greeley | University of Northern Colorado |
| Kenneth Cole | Pueblo West | Pueblo Community College |
| Sachae Cordova | Denver | Metropolitan State College of Denver |
| Eric Courtaway | Falcon | Pikes Peak Community College |
| Nichole Courtaway | Falcon | University of Colorado-Colorado Springs |
| Ross Cross | Dolores | San Juan Basin Technical College |
| Savannnah Dade | Elbert | Colorado State University-Pueblo |
| Matthew DaVault | Indian Hills | Arapahoe Community College |
| Daniel Deming | Rifle | Westwood College |
| Kenneth D'Evelyn | Evergreen | Principia College |
| Charlene Elson | Pueblo | Pueblo Community College |
| Chavah Enderson | Fort Lupton | Sweet Briar College |
| Reece Enderson | Fort Lupton | University of Denver |
| Joshua English | Greeley | University of Northern Colorado |
| Amanda Fisher | Morrison | Red Rocks Community College |
| Benjamin Fout | Glenwood Springs | Colorado Mountain College |
| Westley Fout | Glenwood Springs | Colorado Mountain College |
| Karoline Fry | Delta | Mesa State College |
| Abigail Grey | Silverthorne | Colorado State University-Fort Collins |
| Bethany Guildner | Westminster | Undecided |
| Brianna Guildner | Keenesburg | Pensacola Christian College |
| Valorie Hoppe | Grand Junction | Mesa State College |
| Holly Huerta | Williamsburg | Pueblo Community College |
| Crystal Hunsinger | Seneca, SC | Tri-County Technical College |
| Jason Hunsinger | Seneca, SC | Winthrop University |
| Sarah Hutchison | Buena Vista | University of Colorado-Boulder |
| Sarah Imber | Byers | University of Colorado-Boulder |
| Taylor Imber | Byers | Western State College of Colorado |
| Monique Jaquez | Arvada | Adams State College |
| Khongor Jamiyanaa | Fort Collins | Colorado State University-Fort Collins |
| Amanda Jones | Canon City | University of Northern Colorado |
| Zachery Jones | Limon | Colorado State University-Fort Collins |
| Heather Kamla | Wray | Northeastern Junior College |
| Christopher Kelly | Longmont | University of Wyoming |
| Josey Kinnaman | Portland, OR | Portland Community College |
| Martin Kulick | Cotopaxi | University of Colorado-Colorado Springs |
| Natalie Kulick | Cotopaxi | Hawaii Pacific University |
| Miranda Lee | Aneth, UT | College of Eastern Utah |
| Jordan Legan | Pueblo | University of Colorado-Boulder |
| Cara Lipford | Longmont | Colorado State University-Fort Collins |
| Burke Luerssen | Denver | Northern Arizona University |
| James Mari | Burlington | Central Wyoming College |
| Rodney Marques | Florence | Pueblo Community College |
| Aaron Marquez | Thornton | Metropolitan State College of Denver |
| Sara McGraw | Centennial | Kendall College of Art & Design |
| Maggie McNamara | Lone Tree | Regis University |
| Laura Melton | Broomfield | Colorado State University-Fort Collins |
| Megan Miller | Grand Junction | Mesa State College |
| Arwen Milroy | Alamosa | Adams State College |
| Jerry Montoya | Center | Adams State College |
| Joseph Mulready | Colorado Springs | Colorado State University-Pueblo |
| Obed Navarrete | Edwards | Undecided |
| Christina Nguyen | Parker | University of Denver |
| Quinten Niccoli | Pueblo | Colorado State University-Pueblo |
| Ashley O'Conor | Omaha, NE | University of Nebraska at Omaha |
| Leslie O'Conor | Manhattan, KS | Kansas State University |
| Ashley Pham | Arvada | University of Colorado-Denver |
| Tiffany Pham | Arvada | University of Colorado-Boulder |
| Alex Post | Longmont | Laramie Community College |
| Ana Pulido | Westminster | University of Colorado-Denver |
| Anika Pyle | Monument | New York University |
| Elida Ramirez | Evans | Aims Community College |
| Kevin Rebers | Berthoud | Colorado School of Mines |
| David Ripp | Elm Creek, NE | Central Community College |
| Aaron Roberts | Fort Morgan | Wyoming Technical Institute |
| Alina Romero | Pueblo | Colorado State University-Pueblo |
| Salina Romero | Pueblo | Colorado State University-Pueblo |
| Katelin Schartz | Arvada | College of Saint Benedict |
| Mallory Schmalz | Grand Junction | Mesa State College |
| Trevor Schmid | Oak Creek | Undecided |
| Jill Schoeppner | Silt | Colorado Mountain College |
| Olivia Segal | Conifer | Colorado State University-Fort Collins |
| Kaitlin Speaker | Iliff | Northeastern Junior College |
| Megan Towne | Portland, OR | University of Portland |
| Ashlee Velez | LaJunta | Colorado State University-Fort Collins |
| Morgan Williamson | Grand Junction | University of Oregon |
| Emily Windhorst | Monte Vista | Alamosa State College |
| Matt Young | Golden | Colorado School of Mines |
| Michelle Young | Golden | University of Colorado-Denver |
| Alan Zamora | San Diego, CA | San Diego State University |