| NORTH STAR CHARTER SCHOOL INC | Phoenix | B20 Education | $8.4M | 5 |
| Banner Alzheimer's Foundation | Phoenix | E112 Health Care | $8.4M | 1 |
| FRESH START WOMEN'S FOUNDATION | Phoenix | P20 Human Services | $8.4M | 5 |
| SOUTHWESTERN FAIR COMMISSION INC | Tucson | N52Z Recreation & Sports | $8.4M | 2 |
| The NROC Project | Scottsdale | B05 Education | $8.3M | 3 |
| Helping Ourselves Pursue Enrichment Inc | Tucson | — | $8.3M | 3 |
| LAS SENDAS COMMUNITY ASSOCIATION | Scottsdale | S20 Community Improvement & Capacity Building | $8.3M | 0 |
| PEJATC INC | Phoenix | B30 Education | $8.2M | 5 |
| Campesinos Sin Fronteras | Somerton | O50 Youth Development | $8.2M | 1 |
| NORTHLAND PREPARATORY ACADEMY | Flagstaff | B25P Education | $8.2M | 1 |
| ARIZONA ASSOCIATION OF CONSERVATION DISTRICTS INC | Tempe | C030 Environment | $8.2M | 0 |
| PINNACLE PEAK COUNTRY CLUB INC | Scottsdale | — | $8.2M | 7 |
| Camelback Education Inc | Glendale | B29 Education | $8.2M | 2 |
| Manzanita Outreach | Cottonwood | K30 Food, Agriculture & Nutrition | $8.2M | 1 |
| Phoenix Painting Industry H&W Trust | Phoenix | — | $8.1M | 0 |
| FRIENDS OF PUBLIC RADIO ARIZONA | Tempe | A11 Arts, Culture & Humanities | $8.1M | 1 |
| ARIZONA DIAMONDBACKS FOUNDATIONINC | Phoenix | A57 Arts, Culture & Humanities | $8.1M | 0 |
| TUBA CITY HIGH SCHOOL BOARD INC DBA GREYHILLS ACADEMY HIGH SCHOOL | Tuba City | — | $8.1M | 6 |
| Interfaith Community Services | Tucson | — | $8.1M | 3 |
| ARCHWAY CLASSICAL ACADEMY NORTH PHOENIX | Phoenix | B29 Education | $8.1M | 2 |
| ARCHWAY CLASSICAL ACADEMY LINCOLN | Phoenix | B20 Education | $8.1M | 2 |
| VIRIDIAN RESIDENTIAL ASSOCIATION | Scottsdale | S20 Community Improvement & Capacity Building | $8M | 0 |
| SOLHEIM FOUNDATION | Phoenix | T20 Philanthropy, Voluntarism & Grantmaking Foundations | $8M | 0 |
| Quality Connections Inc | Flagstaff | P80 Human Services | $8M | 2 |
| CROSSROADS MISSION | Yuma | P200 Human Services | $8M | 1 |
| BALL CHARTER SCHOOLS (HEARN) | Phoenix | B20Z Education | $8M | 2 |
| UNITED CEREBRAL PALSY ASSOCIATION OF CENTRAL ARIZONA INC | Phoenix | G200 Diseases, Disorders & Medical Disciplines | $8M | 1 |
| TECHNICAL ASSISTANCE PARTNERSHIP OF ARIZONA | Phoenix | E60 Health Care | $8M | 6 |
| TUCSON YOUTH DEVELOPMENT INC | Tucson | — | $8M | 1 |
| Calibre Academy | Glendale | B300 Education | $7.9M | 0 |
| SCHOOL CHOICE ARIZONA INC | Chandler | B82 Education | $7.9M | 0 |
| ONE ARIZONA | Phoenix | R40 Civil Rights, Social Action & Advocacy | $7.9M | 1 |
| GLENDALE PREPARATORY ACADEMY | Phoenix | — | $7.9M | 1 |
| POWER RANCH COMMUNITY ASSOCIATION | Scottsdale | L50 Housing & Shelter | $7.9M | 0 |
| INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 769 | Gilbert | — | $7.8M | 5 |
| TMC HEALTH FOUNDATION | Tucson | E110 Health Care | $7.8M | 7 |
| NEW WAY ACADEMY | Phoenix | — | $7.8M | 3 |
| TECHFORCE FOUNDATION | Phoenix | T30 Philanthropy, Voluntarism & Grantmaking Foundations | $7.8M | 4 |
| JEWISH RELIEF NETWORK UKRAINE | Tempe | Q99 International, Foreign Affairs & National Security | $7.8M | 2 |
| LANGHAM PARTNERSHIP USA INC NFP | Cave Creek | X20 Religion-Related | $7.8M | 2 |
| Foothills Food Bank | Carefree | — | $7.7M | 0 |
| ESPERANZA CHARITABLE FUND | Mesa | X21 Religion-Related | $7.7M | 0 |
| Charter Foundation Inc dba AmeriSchools Academy | Tucson | B20Z Education | $7.7M | 2 |
| CHILDREN'S MUSEUM OF PHOENIX | Phoenix | A50 Arts, Culture & Humanities | $7.7M | 3 |
| DC RANCH COMMUNITY COUNCIL INC | Scottsdale | L50 Housing & Shelter | $7.7M | 3 |
| CHOICE ACADEMIES INC | Phoenix | B29 Education | $7.7M | 3 |
| Academy Del Sol | Tucson | B24 Education | $7.6M | 4 |
| WESTERN SCHOOL OF SCIENCE AND TECHNOLOGY | Phoenix | B29 Education | $7.6M | 4 |
| EAST MESA CHARTER ELEMENTARY SCHOOL | Mesa | B29 Education | $7.6M | 1 |
| Synergy Public School | Phoenix | B29 Education | $7.5M | 0 |
