Arizona Community Foundation

Arizona Community Foundation

Arizona Community Foundation was founded in 1978 to connect donors with nonprofits across Arizona. It operates as a grantmaker and scholarship provider while stewarding assets through multiple investment pools. The foundation deploys capital across public equities, real estate, private equity, hedge funds, and infrastructure. Confirmed holdings include positions in Bain Capital Real Estate Fund II, Brookfield Infrastructure Fund V, Basalt Infrastructure Partners IV, and Starwood Opportunity Fund XII through its Long Term Diversified Pool. It also maintains a Community Impact Loan Fund and a Rural Development Investment Fund focused on Arizona projects. Geographic exposure centers on the United States with additional global infrastructure allocations. Assets under management stand at $1.5 billion. The foundation maintains supporting organizations including the Burton Family Foundation, which received a $137.6 million real estate gift in 2021. It employs service providers such as Mercer Consulting for investment advice and Northern Trust as custodian. In May 2024 it sponsored the ACF Connects event in Phoenix. The foundation structure incorporates multiple supporting organizations and donor-advised funds that allow separate governance while sharing investment and administrative resources. This architecture separates philanthropic decision-making from the central investment pools managed by the CIO.