| MORENO FAMILY FOUNDATION | Phoenix | T22 Philanthropy, Voluntarism & Grantmaking Foundations | $29M | 0 |
| White Mountain Regional Medical Center | Springerville | E22Z Health Care | $28.8M | 8 |
| ARIZONA CHRISTIAN SCHOOL TUITION ORGANIZATION INC | Chandler | B82 Education | $28.5M | 1 |
| BENSON HOSPITAL CORPORATION | Benson | — | $28.4M | 8 |
| Skystone Foundation Inc | Flagstaff | — | $28.3M | 0 |
| The Bob & Renee Parsons Foundation | Scottsdale | T20 Philanthropy, Voluntarism & Grantmaking Foundations | $28.2M | 0 |
| JEWISH COMMUNITY FOUNDATION OF SOUTHERN ARIZONA | Tucson | T31 Philanthropy, Voluntarism & Grantmaking Foundations | $28.1M | 5 |
| Legacy Cares Inc CO MCA Financial Group Ltd | Phoenix | N40 Recreation & Sports | $27.8M | 3 |
| INTER TRIBAL COUNCIL OF ARIZONA INC | Phoenix | — | $27.8M | 5 |
| SUN HEALTH GRANDVIEW TERRACE | Sun City West | L22 Housing & Shelter | $27.7M | 11 |
| PARADISE VALLEY COUNTRY CLUB INC | Paradise Valley | — | $27.5M | 14 |
| ARIZONA CONNECTIONS ACADEMY CHARTER SCHOOL | Gilbert | B29 Education | $27.5M | 0 |
| NORTHERN ARIZONA UNIVERSITY FOUNDATION | Flagstaff | B110 Education | $27.2M | 0 |
| LUTHERAN SOCIAL SERVICES OF THE SOUTHWEST | Phoeninx | X21Z Religion-Related | $27.1M | 3 |
| CANYONLANDS COMMUNITY HEALTH CENTER | Page | — | $27M | 8 |
| TMC One | Tucson | E32 Health Care | $27M | 8 |
| DESERT BOTANICAL GARDEN INC | Phoenix | C410 Environment | $26.7M | 7 |
| GRAHAM COUNTY ELECTRIC COOPERATIVE INC | Pima | — | $26.5M | 16 |
| Institute for Better Education | Tucson | B82 Education | $26.3M | 1 |
| WESTMINSTER VILLAGE INC | Scottsdale | P750 Human Services | $25.9M | 7 |
| CIRCLE THE CITY | Phoenix | P20 Human Services | $25.8M | 14 |
| RAZA DEVELOPMENT FUND INC | Phoenix | S43Z Community Improvement & Capacity Building | $25.7M | 13 |
| HEALTH CURRENT | Phoenix | E60 Health Care | $25.6M | 4 |
| SOUTHWEST AUTISM RESEARCH AND RESOURCE CENTER | Phoenix | H99 Medical Research | $25M | 9 |
| PIVOTAL FOUNDATION | Phoenix | T20 Philanthropy, Voluntarism & Grantmaking Foundations | $24.8M | 0 |
| NORTHERN COCHISE COMMUNITY HOSPITAL INC | Willcox | E22Z Health Care | $24.8M | 7 |
| CATHOLIC EDUCATION ARIZONA | Phoenix | B82 Education | $24.7M | 3 |
| United Assoc of Journeymen & Appren of Plumbing & Pipefitting Ind Local 469 | Phoenix | — | $24.6M | 14 |
| Operating Engineers Local 428 Health & Welfare Trust Fund | Phoenix | — | $24.5M | 0 |
| ACCEL | Phoenix | B28Z Education | $24.3M | 4 |
| Mohave Mental Health Clinic Inc | Kingman | F32Z Mental Health & Crisis Intervention | $24.3M | 8 |
| CHILD & FAMILY RESOURCES INC | Tucson | P400 Human Services | $23.8M | 2 |
| ARIZONA FOUNDATION FOR LEGAL SERVICES & EDUCATION | Phoenix | I128 Crime & Legal-Related | $23.8M | 6 |
| Hacienda Inc | Phoenix | E240 Health Care | $23.8M | 7 |
| MINGUS MOUNTAIN ESTATE RESIDENTIAL | Prescott Valley | P730 Human Services | $23.6M | 5 |
| The Kemper & Ethel Marley Fdn | Phoenix | T20F Philanthropy, Voluntarism & Grantmaking Foundations | $23.6M | 0 |
| VALLE DEL SOL INC | Phoenix | F320 Mental Health & Crisis Intervention | $23.6M | 11 |
| Legacy Traditional School - Surprise | Chandler | B29 Education | $23.5M | 2 |
| SPECTRUM MEDICAL CARE CENTER | Phoenix | E24 Health Care | $23.5M | 10 |
| HUMAN SERVICES CAMPUS INC | Phoenix | L20 Housing & Shelter | $23.4M | 5 |
| YUMA COMMUNITY FOOD BANK | Yuma | K31Z Food, Agriculture & Nutrition | $23.4M | 1 |
| INTERNATIONAL ASSOCIATION OF MACHINISTS & AEROSPACE WORKERS | Phoenix | — | $23.2M | 16 |
| THE CENTERS FOR HABILITATIONTCH | Tempe | J30 Employment | $23.1M | 2 |
| PRESCOTT COLLEGE INC | Prescott | — | $22.7M | 7 |
| THE AMERICAN COLLEGE OF THE MEDITERRANEAN | Tempe | B43 Education | $22.5M | 1 |
| Desert Christian Schools Inc | Tucson | — | $22.3M | 1 |
| Arizona Community Development Corporatio | Tucson | B29 Education | $22.3M | 3 |
| SCOTTSDALE CONVENTION AND VISITORS BUREAU INC | Scottsdale | S41 Community Improvement & Capacity Building | $22.3M | 13 |
| ACADEMY OF MATHEMATICS AND SCIENCE INC | Tempe | B29 Education | $22.1M | 4 |
| WORLDATWORK | Scottsdale | Y20Z Mutual & Membership Benefit | $22.1M | 12 |
