# Arizona Community Foundation

Arizona Community Foundation is an Endowment / Foundation based in Phoenix, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Phoenix, United States
- **Region:** North America
- **Address:** 2201 E. Camelback Road Suite 405B, Phoenix, AZ, United States
- **Founded:** 1978
- **Assets under management:** 1500 (Altss estimate)
- **Website:** azfoundation.org
- **LinkedIn:** https://www.linkedin.com/company/azfoundation

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Philanthropy
- Real Estate
- Infrastructure

## People

- Anna María Chávez — President & CEO
- Charley Freericks — Board Chair
- Gary Dokes — Chief Investment Officer
- Karla Jones — Chief Financial Officer
- Jacob Schellinger — General Counsel

## Questions

### Who runs investment decisions at Arizona Community Foundation?

Gary Dokes serves as Chief Investment Officer. The foundation also retains Mercer Consulting as investment advisor and maintains multiple investment pools for different risk profiles.

### Does Arizona Community Foundation participate in fund commitments or only direct deals?

The foundation acts as a limited partner in private equity, real estate, and infrastructure funds. It also holds direct real estate assets and operates revolving loan programs for Arizona nonprofits.

### What investment stages does Arizona Community Foundation typically target?

The foundation allocates across public market index funds, private equity buyout and growth strategies, real estate opportunity funds, and infrastructure vehicles. It does not focus on early-stage venture.

### How is Arizona Community Foundation related to the Burton Family Foundation?

The Burton Family Foundation operates as a supporting organization under Arizona Community Foundation. It received the largest gift in the foundation's history in October 2021.

## Related profiles

- [Aon Retirement Pension Plan](https://altss.com/profile/aon-retirement-pension-plan-aon)
- [Ascaro Vorsorgestiftung](https://altss.com/profile/ascaro-vorsorgestiftung)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/arizona-community-foundation

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