| 1 | Arizona Community Foundation Phoenix | $401.5M | $202.5M | $1.2B |
| 2 | Sjouwerman Foundation INC Phoenix | $270.5M | $34.7M | $160.3M |
| 3 | Fh Association Phoenix | $153.2M | $153.2M | $21.5M |
| 4 | Virginia G Piper Charitable Trust 08-11-95 Phoenix | $144.2M | $0 | $429.9M |
| 5 | Valley of the Sun United Way Phoenix | $133.5M | $119.5M | $101.7M |
| 6 | Wyant Private Foundation Tr Dtd 032522 Tucson | $117.5M | $0 | $68.0M |
| 7 | Community Finance Corporation Tucson | $88.0M | $0 | $966.9M |
| 8 | Garcia Family Foundation INC Tempe | $65.2M | $0 | $61.0M |
| 9 | Kemper & Ethel Marley Foundation Phoenix | $64.9M | $0 | $250.1M |
| 10 | Simone Charitable Foundation INC Scottsdale | $64.4M | $0 | $115.2M |
| 11 | Moreno Family Foundation Phoenix | $61.8M | $0 | $143.1M |
| 12 | Winifred Stevens Foundation Tempe | $53.0M | $0 | $139.1M |
| 13 | Maricopa County Community College District Foundation Tempe | $50.5M | $14.9M | $69.3M |
| 14 | Dorrance Foundation for Education Scottsdale | $50.1M | $0 | $65.0M |
| 15 | Jewish Community Foundation of Southern Arizona Tucson | $48.9M | $28.1M | $170.8M |
| 16 | Frederick Gardner Cottrell Foundation Tucson | $48.7M | $0 | $70.0M |
| 17 | Diane and Bruce Halle Foundation Scottsdale | $47.7M | $0 | $16K |
| 18 | Ben and Catherine Ivy Foundation Paradise Vly | $38.8M | $0 | $299.8M |
| 19 | Community Foundation for Southern Arizona Tucson | $38.2M | $18.8M | $200.0M |
| 20 | John Sperling Foundation Litchfield Pk | $32.1M | $0 | $80.2M |
| 21 | The Norton Foundation Glendale | $29.9M | $0 | $43.9M |
| 22 | Rodel Foundation Phoenix | $28.2M | $0 | $64.1M |
| 23 | People-people-people Foundation Dated 4-19-2018 Scottsdale | $28.2M | $0 | $2.4M |
| 24 | Bob and Renee Parsons Foundation Scottsdale | $28.2M | $0 | $24.8M |
| 25 | Newman and Zeneth Ward Family Foundation Mesa | $25.5M | $2.0M | $18.4M |
| 26 | United Way of Tucson and Southern Arizona INC Tucson | $21.6M | $11.8M | $22.7M |
| 27 | American Foundation of Utah INC Phoenix | $21.3M | $2.6M | $39.9M |
| 28 | Thomas J Beatson Jr Foundation INC Mesa | $20.6M | $0 | $41.3M |
| 29 | Connie Hillman Family Foundation Tucson | $18.3M | $0 | $12.9M |
| 30 | Ahearn Fam Foundation Phoenix | $18.0M | $0 | $13.4M |
| 31 | Sun Angel Foundation INC Tempe | $17.8M | $17.3M | $34.0M |
| 32 | Legacy Global Foundation INC Mesa | $17.6M | $17.6M | $266.7M |
| 33 | Goldberg Family Foundation Scottsdale | $14.3M | $0 | $14.8M |
| 34 | Pivotal Foundation Phoenix | $14.1M | $0 | $92.5M |
| 35 | Sprouts Healthy Communities Foundation Phoenix | $14.0M | $14.0M | $6.0M |
| 36 | Jewish Community Foundation of Greater Phoenix Scottsdale | $13.9M | $13.9M | $92.8M |
| 37 | The Hickey Family Foundation Mesa | $13.9M | $0 | $150.7M |
| 38 | Timothy T Day Foundation INC Phoenix | $13.7M | $0 | $49.2M |
| 39 | International Dark Sky Discovery Center INC Fountain Hills | $13.4M | $13.4M | $19.2M |
| 40 | Old Pueblo Community Services Tucson | $12.1M | $12.1M | $10.8M |
| 41 | Thunderbirds Charities Phoenix | $11.4M | $11.4M | $11.3M |
| 42 | Penny and Robert Sarver Charitable Foundation Paradise Valley | $10.9M | $0 | $203K |
| 43 | Steven J Hilton Family Foundation Paradise Vly | $10.1M | $0 | $1.0M |
| 44 | Victor W Kramer Charitable Tr Tucson | $10.1M | $0 | $12.1M |
| 45 | Jewish Community Association of Greater Phoenix Scottsdale | $9.1M | $9.1M | $35.9M |
| 46 | Robert and Judith Atlas Family Foundation Scottsdale | $9.0M | $0 | $9.1M |
| 47 | McKinley Educational Initiative Tempe | $8.9M | $0 | $26.0M |
| 48 | Fathers Eyes Foundation Scottsdale | $8.9M | $0 | $5.5M |
| 49 | Dudley Family Foundation Scottsdale | $8.5M | $0 | $26.5M |
| 50 | Noel C and Ida B Smith Charitable Foundation Mesa | $8.1M | $0 | $33.2M |