Arizona Community Foundation

 Phoenix     Arizona

http://www.azfoundation.org     << visit website

Coverage:  Local

Categories:  Community Service, [ view all ]

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Arizona Community Foundation Charity Profile

For 30 years, the Arizona Community Foundation has worked to improve the quality of life in Arizona by promoting and facilitating effective philanthropy. Our success is directly related to our generous donors and the dedicated work of our state’s nonprofit organizations.

Individuals, families, organizations and businesses establish charitable funds at ACF to bring their own passions to life. Whether it’s the arts, health and human services, animal welfare, affordable housing or assisting the poor, donors can personalize their philanthropy to serve the causes that speak to their hearts. Often named for the donor’s family or a loved one, a fund at ACF can be established with a gift of $25,000 or more (advised funds may be opened with a gift of $10,000, so long as the fund balance reaches $25,000 within three years). Gifts of $1 million or more can establish a supporting organization, a flexible and cost-effective alternative to a private foundation.

Donor gifts are pooled together and may be invested, earning returns that are used for grants and scholarships. Over time, the amount granted exceeds the original gift, while the fund balance continues to grow. Through this income-generating power of endowment, a gift to ACF lives on forever.

Funding is awarded year-round to a wide range of community organizations, educational institutions and government agencies through more than 40 competitive grant cycles and through non-competitive grants awarded from advised and designated funds and supporting organizations. In addition, ACF awards scholarships to well over 1,000 students annually from its 80 scholarship funds to help them pursue higher education. In Fiscal Year 2008, ACF and its affiliates awarded $72.4 million to community organizations, including $3.9 million in scholarships for more than 1,000 students. Since its inception in 1978, ACF has awarded more than $280 million in grants and scholarships.