| FSL PROGRAMS INC | Phoenix | P81Z Human Services | $10.9M | 4 |
| ARIZONA PIPE TRADES JOINT APPRENTICESHIP TRUST | Phoenix | J22Z Employment | $10.8M | 7 |
| LEGACY TRADITIONAL SCHOOL - NORTH CHANDLER | Chandler | B29 Education | $10.8M | 0 |
| SAN TAN MONTESSORI SCHOOL INC | Gilbert | B11 Education | $10.7M | 2 |
| THE HEARD MUSEUM | Phoenix | A500 Arts, Culture & Humanities | $10.7M | 5 |
| TUCSON CENTERS FOR WOMEN & CHILDREN INC DBA EMERGE CENTER AGAINST DOMESTIC ABUSE | Tucson | P43Z Human Services | $10.6M | 4 |
| SKYLINE EDUCATION INC | Chandler | B29 Education | $10.6M | 4 |
| GREATER PHOENIX URBAN LEAGUE INC | Phoenix | B01 Education | $10.6M | 3 |
| Humane Society of Southern Arizona | Tucson | D200 Animal-Related | $10.6M | 7 |
| LOCAL FIRST ARIZONA FOUNDATION | Phoenix | S31 Community Improvement & Capacity Building | $10.5M | 2 |
| TRIVIUM PREPARATORY ACADEMY | Phoenix | B29 Education | $10.5M | 1 |
| PHOENIX SYMPHONY ASSOCIATION | Phoenix | A690 Arts, Culture & Humanities | $10.5M | 8 |
| TUCSON COUNTRY CLUB | Tucson | — | $10.5M | 5 |
| VITALYST HEALTH FOUNDATION | Phoenix | E210 Health Care | $10.4M | 3 |
| SEDONA-OAK CREEK UNIFIED SCHOOL DIST EDU FND INC | Sedona | B11 Education | $10.4M | 0 |
| GREATER PHOENIX ECONOMIC COUNCIL | Phoenix | S300 Community Improvement & Capacity Building | $10.3M | 6 |
| MAKE-A-WISH FOUNDATION OF ARIZONA INC | Scottsdale | E86 Health Care | $10.3M | 5 |
| ARIZONA GOLF COMMUNITY FOUNDATION | Tempe | N6A Recreation & Sports | $10.3M | 0 |
| SUN CITY ORO VALLEY COMMUNITY ASSOCIATION INC | Oro Valley | S99 Community Improvement & Capacity Building | $10.3M | 5 |
| WESLEY COMMUNITY CENTER INC | Phoenix | P53I Human Services | $10.3M | 9 |
| CPLC REFUGEE AND HUMANITARIAN SERVICES INC | Phoenix | Q71 International, Foreign Affairs & National Security | $10.3M | 6 |
| AID TO ADOPTION OF SPECIAL KIDS AASK ARIZONA | Phoenix | P31 Human Services | $10.3M | 3 |
| MERCHANT INDUSTRY FUND GROUP INSURANCE TRUST | Scottsdale | — | $10.2M | 0 |
| ARIZONA EDUCATION ASSOCIATION | Phoenix | — | $10.2M | 10 |
| DEFENDING AMERICA TOGETHER INC | Phoenix | — | $10.2M | 0 |
| BALLET ARIZONA | Phoenix | A630 Arts, Culture & Humanities | $10.2M | 3 |
| ROOSEVELT PREPARATORY ACADEMY | Phoenix | B29 Education | $10.2M | 2 |
| STEVEN J HILTON FAMILY FOUNDATION | Paradise Valley | T20 Philanthropy, Voluntarism & Grantmaking Foundations | $10.1M | 0 |
| VERITAS PREPARATORY ACADEMY | Phoenix | B29 Education | $10.1M | 4 |
| REAL HOPE INC | Prescott Valley | K30 Food, Agriculture & Nutrition | $10.1M | 0 |
| STEWARDSHIP ENDOWMENT FUND | Scottsdale | X112 Religion-Related | $10.1M | 0 |
| ARIZONA SCHOOL FOR THE ARTS | Phoenix | B25P Education | $10.1M | 1 |
| TEAMSTERS LOCAL 2727 RETIREE MEDICAL BENEFITS TRUST | Phoenix | Y43 Mutual & Membership Benefit | $10M | 0 |
| LIFESTANCE HEALTH FOUNDATION | Scottsdale | T22 Philanthropy, Voluntarism & Grantmaking Foundations | $10M | 0 |
| HERITAGE ACADEMY MARICOPA INC | Mesa | B20 Education | $10M | 3 |
| WORKER POWER | Phoenix | S01 Community Improvement & Capacity Building | $9.9M | 0 |
| PIMA ASSOCIATION OF GOVERNMENTS | Tucson | — | $9.9M | 15 |
| CIVITAN FOUNDATION INC | Phoenix | — | $9.9M | 2 |
| RIO VERDE COUNTRY CLUB INC | Rio Verde | — | $9.8M | 0 |
| YMCA OF SOUTHERN ARIZONA | Tucson | P270 Human Services | $9.8M | 3 |
| THE GREGORY SCHOOL | Tucson | — | $9.7M | 2 |
| LEADING EDGE ACADEMY MARICOPA | Gilbert | B90 Education | $9.7M | 1 |
| JEWISH FAMILY & CHILDREN'S SERVICE OF SOUTHERN ARIZONA INC | Tucson | P28Z Human Services | $9.7M | 2 |
| JUNIPER TREE ACADEMY | Yuma | B20 Education | $9.7M | 1 |
| United Tissue Network | Phoenix | E65 Health Care | $9.7M | 4 |
| PHOENIX CHRISTIAN UNIFIED SCHOOLS | Phoenix | — | $9.7M | 1 |
| INTERMOUNTAIN HEALTH CENTER INC | Tucson | E60 Health Care | $9.6M | 5 |
| ARIZONA BAPTIST CHILDREN'S SERVICES | Tucson | P300 Human Services | $9.6M | 0 |
| CENTER FOR THE FUTURE OF ARIZONA | Phoenix | S05 Community Improvement & Capacity Building | $9.6M | 9 |
| CAFA INC | Gilbert | B29 Education | $9.6M | 6 |
