CONTENTS 2 Values 4 LEAD 6 CEO & Chair Message 7 Past Board Chairs 8 Board of Directors 14 SERVE 20 Affiliate Partners 27 Power of Endowment 32 COLLABORATE 37 Professional Advisory Board 38 Legacy Society 40 PHILANTHROPY 48 New Funds 50 Financial Highlights 51 Investment Management 54 ARIZONA 60 Awards by Strategic Priority 62 Summary Financial Statement 63 Financial Assets 64 Existing Funds 74 ACF Supporting Organizations & Boards 76 Board Committees, Regional Advisors, & Steering Committees 78 Staff The Arizona Community Foundation’s mission is to lead, serve, and collaborate to mobilize enduring philanthropy for a better Arizona. For over 40 years, we have built relationships to advance this important mission and foster partnerships that support communities throughout Arizona. OUR CORE VALUES DEFINE WHO WE ARE AND HOW WE OPERATE. 2 ANNUAL REPORT 2019 Our culture and our work revolves around the ideas set forth in these seven guiding principles. Developed to align with our mission, they enable us to serve communities across Arizona by creating a strong culture of philanthropy that builds generation upon generation. Exceptional Service. We serve and amaze our clients, nurturing lifelong relationships that span the generations. Stewardship. We safeguard donor intent in perpetuity, ensuring the resources entrusted to us are protected and invested in positive, sustainable outcomes for our communities. Integrity. We earn the trust of those we serve by operating ethically and transparently, honoring our commitments, and showing courtesy and respect in all aspects of our work. Innovation. We demonstrate and welcome creativity, resourcefulness, and ingenuity. We invite and encourage new ideas, pioneering practices, and inventive methods for achieving community good. Nimbleness. We are flexible, responsive, open to creative strategies and unusual requests, and able to take prompt action. Inclusion. Our strength is found in our differences. We believe diverse voices, engagement, and participation are essential to building and sustaining thriving communities. Collaboration. We believe in the transformative power of partnerships around shared passions and objectives. We encourage and celebrate teamwork, pooling of resources, open communication, and trust. 3 “Change doesn’t happen without community leadership,” said Steve Evans, ACF board chair. “ACF is fortunate to have access to a substantial wealth of knowledge and expertise in the community through our board, staff, and partners. No matter where you look, individuals, families, and organizations are stepping up to make Arizona better.” 4 ANNUAL REPORT 2019 Dear Donors, Partners, and Friends– The Arizona Community Foundation has begun the next chapter in our story. It was a year packed with new ideas and building for the future; some of which you will relive as you read this report. We proudly debuted our new, refreshed logo at our 40th anniversary celebration and the momentum continues as we roll out new projects and services to the community. This report pays tribute to the work of those who came before us, those making important contributions to Arizona today, and those ensuring a strong and vibrant future. This year, we want to introduce you to some of the people who make our work possible, impactful, and necessary. Our story wouldn’t be complete without their willingness to create change and invest in our communities. After 40 years of serving Arizona, One of the joys of leading a community foundation is the we honor our relationships opportunity to see people forming relationships, joining and the causes that are near together to solve common problems, and supporting one and dear to you, your families, another. We are proud to be part of this strong tradition and our communities. of believing in the power of community. Our enduring commitment to our state, our leadership on important issues, and our local presence are proof that ACF’s relationships are making a difference. When individuals invest in and create a shared vision for their community, based on the individual ideals of many while paying respect to the common good, we all benefit. ACF plays an essential role in this community building process and we are committed to forming long-standing relationships with you and other supporters of community philanthropy. We hope you enjoy reading about the people who are working to improve our state, and we thank you for your continued support. Sincerely, STEVEN G. SELEZNOW STEPHEN O. EVANS President & CEO Board Chair 6 ANNUAL REPORT 2019 OUR PAST CHAIRS BERT GETZ RICHARD H. WHITNEY, NEAL KURN, ESQ. RICHARD SNELL 1980-1989 ESQ. 1994-1995 1995-1997 Chairman, 1990-1993 Director (Retired), Chairman Emeritus, Globe Corporation Member, Gust Rosenfeld Fennemore Craig Pinnacle West CHAIRMAN EMERITUS IN MEMORIAM BENNETT DORRANCE ROBERT M. DELGADO GERALD BISGROVE RICHARD SILVERMAN 1998-2001 2002-2004 2005-2007 2007-2009 Managing Director, President & CEO, Chairman & CEO, Jennings, Strouss & DMB Associates Hensley Beverage Company Stardust Companies Salmon, PLC MARILYN HARRIS WILLIAM J. HODGES, JACK DAVIS RON BUTLER, CPA 2009-2011 CPA/PFS 2013-2015 2015-2017 President, 2011-2013 President & CEO (Retired), Managing Partner, Manistee Investments Chairman, MRA Associates Arizona Public Service Ernst & Young LLP LEAD 7 BOARD OF DIRECTORS CHAIR VICE CHAIR SECRETARY TREASURER STEPHEN O. EVANS ROBBIN M. COULON, ESQ. LEEZIE KIM, ESQ. RUFUS GLASPER STEVEN G. SELEZNOW Chairman, Director of Legal Services, General Counsel, President & CEO, President & CEO, Evans Charitable Foundation Area Agency on Aging, Fox Restaurant Concepts LLC League for Innovation in the Arizona Community Region One Community College Foundation BENITO ALMANZA JIM AMEDURI LON BABBY NOREEN BISHOP MARK C. BOHN, ESQ. Arizona, State President, Chief Executive Officer, President of Basketball Managing Director & Partner, Bank of America Alizé Ventures Operations (Retired), Market Manager for Arizona, Boyer Bohn P.C. Phoenix Suns J.P. Morgan Private Bank TONY BOLAZINA MARK B. BONSALL* DANNY BRYANT GWEN CALHOUN JAVIER CÁRDENAS Senior Vice President and President & CEO, President & CEO, Council Member, Director, Region President, Santee Cooper Pacesetter Home Centers City of Sierra Vista Barrow Concussion and The Northern Trust Company Brain Injury Center *leave of absence July 2019-December 2020 8 ANNUAL REPORT 2019 SHELLEY COHN MARIANNE MARK FELDMAN CHARLEY FREERICKS PATRICIA GARCIA DUARTE Community and CRACCHIOLO MAGO CEO & Managing Partner, Senior Vice President, President & CEO, Arts Volunteer President, MRA Associates Catellus Trellis IMMEDIATE PAST CHAIR Steele Foundation NEIL H. HILLER, ESQ. HEIDI JANNENGA TAMMY MCLEOD ANN DRUMMOND JACOB MOORE Director (Retired), Co-Founder & President & CEO, MELSHEIMER Assistant Vice President of Fennemore Craig Chief Clinical Officer, Flinn Foundation Community Volunteer Tribal Relations, WebPT Arizona State University RICHARD MORRISON ESSEN OTU JODI O. PADGETT, CFP, MS MI-AI PARRISH BARBARA POLEY Chairman, Senior Director for Diversity Partner, Sue Clark-Johnson Professor Executive Director (Retired), Morrison Enterprises and Community Affairs, Taylor & Padgett in Media Innovation & The Hopi Foundation; Mountain Park Health Center Financial Group LLC Leadership, ASU Walter Community Volunteer Cronkite School of Journalism & Mass Communication EVE ROSS, JD JAMES W. RYAN, ESQ. LISA URIAS Vice President of Founding Partner, Managing Partner, Public Policy & Strategic Frazer Ryan Goldberg & CoNecs North America Initiatives (Retired), Arnold LLP W. L. Gore & Associates, Inc. LEAD 9 Affordable Housing In 2007, the Arizona Community Foundation joined forces with the Phoenix chapter of the Local Initiatives Support Corporation (LISC) to launch the Affordable Housing Loan Fund to address the state’s critical shortage of affordable housing. Through collaboration with many local organizations and contributors, the fund has provided interest-free pre-development loans to support 49 housing projects led by nonprofits and community development corporations. A loan from the fund helped kick-start the renovation of the historic Coffelt-Lamoreaux Apartment Homes in south Phoenix. $4.5 million loaned for 49 housing projects across Arizona 2,937 units created or rehabilitated 3,524 first-year jobs created $75,000 – $100,000 per project 10 ANNUAL REPORT 2019 Coffelt-Lamoreaux The Coffelt-Lamoreaux Apartment Homes were Residents the state’s first affordable housing project. When faced with the threat of demolition, dozens of Rita & Lucio collaborative partners renovated the community. This prevented the uprooting of long-time residents “Chief” Villalpando like Chief Villalpando, who has called Coffelt home for 50 years. He has plenty of stories to share about his life, recalling his days as a boxer and the 23 years he spent volunteering at Phoenix Memorial Hospital. Chief now lives with his daughter Rita, who moved to Phoenix two years ago to care for him. “I always say we keep each other going,” said Rita of their relationship. “We keep each other in good company, and we just keep going.” “I’ve lived at Coffelt since I was 16,” said Vanessa. “After growing up here and now taking care of my family, I feel strongly connected to this community.” Coffelt-Lamoreaux Vanessa Magill lives at Coffelt-Lamoreaux Although Coffelt-Lamoreaux is a large Residents with her daughter Isabella, her sister Faith, complex that houses over 800 residents, and her two brothers Steve and Charles. Vanessa has formed close connections