Profiles

Arizona Community Foundation

2201 East Camelback Road, Suite 405B
Phoenix, Arizona 85016
United States

Mission

Lead, serve and collaborate to mobilize enduring philanthropy for a better Arizona

Most Meaningful Change

In 2007, after years of rising real estate prices, the foundation recognized that housing options, both owned and leased, had become far too few for those with lower and moderate incomes, including teachers, firefighters and police officers. In partnership with the Phoenix office of the Local Initiatives Support Corporation, we created the Affordable Housing Fund. Unlike traditional charitable funds, this fund provides zero-interest loans to nonprofit housing developers for the pre-development phase of affordable housing projects, for which financing is not typically available. Once the project receives long-term financing, loans are repaid to the fund-making those dollars available for new projects. Since its inception, donors-individual, bank and corporate-have contributed $1.2 million to the fund. Loans made since 2008 total $2.1 million for 30 separate housing projects. The loans have leveraged an estimated $169 million in lender financing, and have created 2,195 local jobs for construction and other workers. The housing fund served as a model for the development of our new Community Impact Loan Fund, which provides nonprofit loans at or below market rates for a variety of projects around the state that align with ACF’s priorities: education, health, environment, arts and community improvement.

1978 Year Founded
$273,000,000 Endowment Value
$41,000,000 Total Annual Grantmaking

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Last Updated: 09.19.14

Population Area Served

5,800,000

Identifying Information
OrganizationArizona Community Foundation
Address 12201 East Camelback Road, Suite 405B
Address 2Did not answer
City / TownPhoenix
State / RegionArizona
ZIP / Postal Code85016
CountryUnited States
ContinentNorth America
Map Address (If Different)Did not answer
Map City / Town (If Different)Did not answer
Map State / Region (If Different)Did not answer
Map Zip / Postal Code (If Different)Did not answer
Map Country (If Different)Did not answer
Phone602-682-2023
Emailmbrownell@azfoundation.org
Websitewww.azfoundation.org
Organization Leader (Name, Title)Steve Seleznow, President & CEO
Primary Contact’s NameMegan Brownell
Primary Contact’s PositionChief Business Development & Brand Officer
Foundation at a Glance
Year Founded1978
Mission StatementLead, serve and collaborate to mobilize enduring philanthropy for a better Arizona
Organization DescriptionCommunity Foundation
Other DescriptionDid not answer
Approximate Size of the Population Serviced5,800,000
Total Paid Staff (Full-Time Equivalents)44
Total Unpaid Staff (Full-Time Equivalents)Did not answer
Total Board Members32
Financial Information (in U.S. Dollars)
Organization’s Total Income in Last Fiscal Year$101,009,000
Organization’s Gifts Income in Last Fiscal Year$60,339,973
Organization’s Total Expenditures in Last Fiscal Year$55,409,000
Organization’s Grantmaking Budget in Last Fiscal Year$41,000,000
Does Organization Have an EndowmentYes
Value of Endowment (or Financial Reserves) as of the End of Last Fiscal Year$273,000,000
Change in Financial Status Over Last Three YearsSignificant improvement
Priorities and Achievements
Factors that Played a Role in the Origins of Your Organization
Community leadershipPlayed a centrally important role
Philanthropic giftsPlayed a centrally important role
Grassroots activismPlayed a slight role
Inadequate government servicesPlayed a slight role
Changes in the political environmentNo role
Changes in the economic environmentPlayed a slight role
Government initiative fundingNo role
Foundation initiative fundingPlayed a slight role
Bilateral or multilateral initiative fundingPlayed a slight role
Favorable legal or fiscal policiesPlayed a centrally important role
Time Spent Working in Following Areas
NeighborhoodVery little time
LocallyLots of time
RegionallyLots of time
NationallyVery little time
InternationallyNone
Rate Importance of the Following Functions
GrantmakingCentrally important
Having local people as leaders in the organizationCentrally important
Seeking local donationsCentrally important
Having a gender balance in the organizationImportant but not central
Board reflective of community diversityCentrally important
Building an endowmentImportant but not central
Serving donor needsCentrally important
Acting as a fiscal intermediary for the communityImportant but not central
Building inclusion and trust in the communityCentrally important
Pursuing equityImportant but not central
Accountability to local peopleCentrally important
Raising money for grantmaking annuallyImportant but not central
Community developmentCentrally important
In the Last Year, Extent to Which Programming and/or Grantmaking Involved Work in the Following Areas
Arts and cultureFair amount
EducationLot
EnvironmentFair amount
HealthLot
Human and social servicesLot
Human rightsLittle
International relationsNot at all
ReligionLittle
Economic developmentLot
Conflict resolution/bridging different parts of the communityNot at all
Information technologyLittle
Strengthening local or regional governmentNot at all
HousingLot
ChildrenLot
WaterFair amount
Alternative energyNot at all
Disaster reliefLot
Advocacy with authoritiesNot at all
Job trainingLittle
Nongrantmaking Services Offered to Community in Recent Years
Convening for issues of local concernOccasionally
Promote collaboration between granteesOccasionally
Promote understanding of public policyRarely
Training/capacity-building for local organizationsOften
AdvocacyNever
Loaned staffNever
ResearchRarely
Community needs assessmentOccasionally
Leadership developmentRarely
InternshipsRarely
Providing space for local organizationsOften
Access to information technologyOccasionally
Publishing/knowledge sharingRarely
Main Trends Over the Past Year in Geographic Area Served
PovertyNo change
CrimeNo change
Trust among different sections of the communityNo change
Equitable distribution of resources and servicesGetting worse
Social position of marginalized groupsGetting better
Responsiveness of authoritiesNo change
Appropriateness of public policiesGetting worse
Value of community assetsGetting better
Quality of the environmentNo change
Number of people and organizations working to change and improve their communityGetting better
Levels of innovation and risk taking in addressing community problemsGetting much better
Networks and links between different parts of the communityNo change
Gender equityGetting better
Charitable giving through the community foundationGetting much better
Number of people and organizations involved in philanthropic givingGetting better
Extent to Which Organization Can Claim Tangible and Measurable Achievements in the Past Three Years
PovertyWork in the sphere but no measurable achievement
CrimeDo not work in this sphere
Trust among different sections of the communityDo not work in this sphere
Equitable distribution of resources and servicesWork in the sphere but no measurable achievement
Social position of marginalized groupsA few small achievements
Responsiveness of authoritiesDo not work in this sphere
Appropriateness of public policiesA few small achievements
Value of community assetsSome important achievements
Quality of the environmentA few small achievements
Number of people and organizations working to change and improve their communitySome important achievements
Levels of innovation and risk taking in addressing community problemsSome important achievements
Networks and links between different parts of the communityDo not work in this sphere
Gender equityDo not work in this sphere
Charitable giving through the community foundationMuch achievement
Number of people and organizations involved in philanthropic givingSome important achievements
Active Partnerships
Formal community associations and groupsLot
Informal associations of citizensNot at all
Non-governmental organizationsLittle
Local governmentLittle
National governmentLittle
UniversitiesLot
SchoolsLot
BusinessesLot
Partnerships and External Aid
Other Institutions Helpful to Our Work
National association of grantmakersNeither helpful or unhelpful
Regional association of grantmakersVery helpful
Global Fund for Community FoundationsN/A
Particular foundationN/A
Other organizationHelpful
Involvement of Local People
Regularly survey local people about our programsNo
Local people are engaged in the delivery of our workYes
Local people control what our organization doesNo
Have local people represented on our boardYes
Have regular sessions where local people advise us what our programs should doNo
Actively engage local people as volunteersYes
All of our board is composed of local peopleYes
Account to local people about our successes and failures each yearYes
Assistance in Overcoming Main Difficulties Faced in Developing Organization Further
Increased fundingVery important
Better legal or fiscal environmentVery important
More volunteersUnimportant
Access to advice or technical assistanceUnimportant
Better local culture of givingVery important
Stronger civil societyVery important
More responsive authoritiesUnimportant
OtherBetter awareness of the work and importance of community foundations
Most Meaningful Change
Most Meaningful Change that Organization Has Helped to Bring About in the Last Three YearsIn 2007, after years of rising real estate prices, the foundation recognized that housing options, both owned and leased, had become far too few for those with lower and moderate incomes, including teachers, firefighters and police officers. In partnership with the Phoenix office of the Local Initiatives Support Corporation, we created the Affordable Housing Fund. Unlike traditional charitable funds, this fund provides zero-interest loans to nonprofit housing developers for the pre-development phase of affordable housing projects, for which financing is not typically available. Once the project receives long-term financing, loans are repaid to the fund-making those dollars available for new projects. Since its inception, donors-individual, bank and corporate-have contributed $1.2 million to the fund. Loans made since 2008 total $2.1 million for 30 separate housing projects. The loans have leveraged an estimated $169 million in lender financing, and have created 2,195 local jobs for construction and other workers. The housing fund served as a model for the development of our new Community Impact Loan Fund, which provides nonprofit loans at or below market rates for a variety of projects around the state that align with ACF’s priorities: education, health, environment, arts and community improvement.
 

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Identifying Information

Foundation at a Glance

Financial Information (in U.S. Dollars)

Priorities and Achievements
Factors that Played a Role in the Origins of Your Organization

Time Spent Working in Following Areas

Rate Importance of the Following Functions

In the Last Year, Extent to Which Programming and/or Grantmaking Involved Work in the Following Areas

Nongrantmaking Services Offered to Community in Recent Years

Main Trends Over the Past Year in Geographic Area Served

Extent to Which Organization Can Claim Tangible and Measurable Achievements in the Past Three Years

Active Partnerships

Partnerships and External Aid
Other Institutions Helpful to Our Work

Involvement of Local People

Assistance in Overcoming Main Difficulties Faced in Developing Organization Further

Most Meaningful Change

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