| PENNZOIL QUAKER STATE EE HEALTH | Phoenix | Y43 Mutual & Membership Benefit | $5.5M | 1 |
| ARIZONA MECHANICAL CONTRACTORS ASSOCIATION | Tempe | J03 Employment | $5.5M | 0 |
| Southwest Nonprofit Housing Corporation | Tucson | — | $5.5M | 0 |
| JUNIOR ACHIEVEMENT OF ARIZONA | Tempe | Q320 International, Foreign Affairs & National Security | $5.5M | 9 |
| ARIZONA SCHOOL BOARDS ASSOCIATION INC | Phoenix | B20C Education | $5.5M | 8 |
| BLOOMKIDZ INC | Chandler | G84 Diseases, Disorders & Medical Disciplines | $5.5M | 4 |
| Cochise Community Development Corp | Sierra Vista | B20 Education | $5.5M | 3 |
| Arizona Women's Recovery Center | Phoenix | — | $5.5M | 2 |
| GRAYHAWK COMMUNITY ASSOCIATION | Scottsdale | L50 Housing & Shelter | $5.4M | 0 |
| THE FOSTER ALLIANCE | Phoenix | B82 Education | $5.4M | 1 |
| TIMOTHY T DAY FOUNDATION INC | Phoenix | T20 Philanthropy, Voluntarism & Grantmaking Foundations | $5.4M | 0 |
| ARABIAN HORSE ASSOCIATION OF ARIZONA | Scottsdale | — | $5.4M | 0 |
| Labor & Oper Engineers Util H&W Trust Fund | Phoenix | — | $5.4M | 0 |
| Young Scholars Academy Charter School C | Fort Mohave | B24P Education | $5.4M | 2 |
| TUCSON MUSEUM OF ART AND HISTORIC BLOCK INC | Tucson | A510 Arts, Culture & Humanities | $5.4M | 3 |
| TRINITY CHRISTIAN SCHOOL INC | Prescott | B25 Education | $5.4M | 1 |
| PHOENIX ART MUSEUM ENDOWMENT FUND INC | Phoenix | A110 Arts, Culture & Humanities | $5.4M | 2 |
| Arizona Cultural Academy | Paradise Valley | B200 Education | $5.4M | 4 |
| SAVE THE FAMILY FOUNDATION OF ARIZONA | Mesa | L20Z Housing & Shelter | $5.4M | 4 |
| TMM FAMILY SERVICES INC | Tucson | — | $5.4M | 1 |
| VICTORY COLLEGIATE ACADEMY | Phoenix | B29 Education | $5.3M | 1 |
| CENTRAL ARIZONA COUNCIL ON DEVELOPMENTAL DISABILITIES | Apache Junction | P20 Human Services | $5.3M | 5 |
| BOYS & GIRLS CLUB OF GREATER SCOTTSDALE FOUNDATION | Scottsdale | T20Z Philanthropy, Voluntarism & Grantmaking Foundations | $5.3M | 2 |
| SER-Jobs for Progress of Southern Arizona INC | Tucson | — | $5.3M | 0 |
| ARIZONA CAPITAL SOURCE | Tucson | — | $5.3M | 16 |
| Presidio School | Tucson | B20Z Education | $5.3M | 2 |
| Santa Cruz Training Programs Inc | Nogales | J300 Employment | $5.3M | 0 |
| Our Family Services Inc | Tucson | — | $5.3M | 1 |
| GAINEY RANCH COMMUNITY ASSOCIATION | Scottsdale | S22 Community Improvement & Capacity Building | $5.3M | 3 |
| ARIZONA SHEET METAL JOINT APPRENTICESHIP AND TRAINING COMMITTEE | Phoenix | B30 Education | $5.2M | 4 |
| DESERT GARDEN MONTESSORI SCHOOL INC | Phoenix | B240 Education | $5.2M | 1 |
| ARIZONA MUSICFEST INC | Scottsdale | A69 Arts, Culture & Humanities | $5.2M | 2 |
| PENNY AND ROBERT SARVER CHARITABLE FOUNDATION | Paradise Valley | T122 Philanthropy, Voluntarism & Grantmaking Foundations | $5.2M | 0 |
| BOYS & GIRLS CLUBS OF TUCSON INC | Tucson | O23Z Youth Development | $5.2M | 2 |
| MATFORCE YAVAPAI COUNTY SUBSTANCE ABUSE COALITION | Prescott Valley | P20 Human Services | $5.2M | 1 |
| Marshall Foundation | Tucson | T22 Philanthropy, Voluntarism & Grantmaking Foundations | $5.2M | 7 |
| DUNCAN VALLEY ELECTRIC COOPERATIVE INC | Duncan | — | $5.2M | 12 |
| LEGACY GLOBAL FOUNDATION | Mesa | T12 Philanthropy, Voluntarism & Grantmaking Foundations | $5.2M | 1 |
| DEL E WEBB FOUNDATION | Prescott | T20 Philanthropy, Voluntarism & Grantmaking Foundations | $5.2M | 6 |
| PINON COMMUNITY SCHOOL BOARD INC | Pinon | B80Z Education | $5.2M | 4 |
| Disability Rights Arizona | Phoenix | R230 Civil Rights, Social Action & Advocacy | $5.2M | 2 |
| BALL CHARTER SCHOOLS(DOBSON) | Chandler | B29 Education | $5.2M | 3 |
| WEST AND SOUTHEAST REALTORS OF THE VALLEY INC | Chandler | — | $5.2M | 5 |
| Hospice of Yuma | Yuma | P74Z Human Services | $5.2M | 3 |
| TELESIS CENTER FOR LEARNING INC | Lake Havasu City | — | $5.2M | 0 |
| HOUSE OF REFUGE INC | Mesa | L400 Housing & Shelter | $5.1M | 1 |
| MONTESSORI EDUCATION CENTRE CHARTER SCHOOL | Mesa | B20Z Education | $5.1M | 2 |
| INTERNATIONAL ORDER OF T ROOSEVELT | Scottsdale | D300 Animal-Related | $5.1M | 2 |
| Pathways School and Evaluation Center | Gold Canyon | B28 Education | $5.1M | 0 |
| INTERMOUNTAIN FOUNDATION | Tucson | F113 Mental Health & Crisis Intervention | $5.1M | 2 |
