| A Race Against Blindness | Gilbert | H41 Medical Research | $12.5M | 0 |
| OPEN HEARTS | Phoenix | P730 Human Services | $12.5M | 3 |
| GAP MINISTRIES | Tucson | P730 Human Services | $12.4M | 6 |
| HERITAGE ACADEMY INC | Mesa | B20 Education | $12.4M | 5 |
| THE PHOENIX THEATRE COMPANY AND SUBSIDIARY | Phoenix | A650 Arts, Culture & Humanities | $12.3M | 4 |
| Candelen Inc | Phoenix | — | $12.2M | 4 |
| DC RANCH ASSOCIATION INC | Scottsdale | L50 Housing & Shelter | $12.2M | 3 |
| Old Pueblo Community Services | Tucson | T31 Philanthropy, Voluntarism & Grantmaking Foundations | $12.1M | 5 |
| CHRISTIAN CARE MESA II INC | Phoenix | L22 Housing & Shelter | $12.1M | 4 |
| LEGACY TRADITIONAL SCHOOL - LAVEEN | Chandler | B25 Education | $12.1M | 0 |
| ARIZONA HEALTH CARE ASSOCIATION INC | Phoenix | — | $12.1M | 5 |
| The Paideia Academies Inc | Phoenix | B29 Education | $12M | 3 |
| USA PICKLEBALL ASSOCIATION | Scottsdale | N70 Recreation & Sports | $12M | 10 |
| Sonoran Schools | Gilbert | B29 Education | $12M | 5 |
| HABITAT FOR HUMANITY CENTRAL ARIZONA | Phoenix | — | $12M | 8 |
| ARIZONA ASSOCIATION OF REALTORS | Phoenix | — | $12M | 6 |
| LOWELL OBSERVATORY | Flagstaff | U31Z Science & Technology | $11.9M | 13 |
| Arizona Children's Risk Solutions | Phoenix | Y20 Mutual & Membership Benefit | $11.9M | 5 |
| PLC Charter Schools | Tolleson | B29 Education | $11.9M | 1 |
| ARIZONA INDUSTRIES FOR THE BLIND | Phoenix | J20Z Employment | $11.9M | 3 |
| ARIZONA CENTER FOR EMPOWERMENT | Phoenix | R22 Civil Rights, Social Action & Advocacy | $11.9M | 1 |
| GREEN VALLEY RECREATION INC | Green Valley | — | $11.8M | 4 |
| DESERT MISSION INC | Scottsdale | P75Z Human Services | $11.8M | 9 |
| LEGACY TRADITIONAL SCHOOL - GILBERT | Chandler | B29 Education | $11.8M | 1 |
| Soulistic Medical Institute | Tubac | E22 Health Care | $11.8M | 0 |
| UNITED WAY OF TUCSON AND SOUTHERN ARIZONA INC | Tucson | T70 Philanthropy, Voluntarism & Grantmaking Foundations | $11.8M | 6 |
| ANTHEM PREPARATORY ACADEMY | Phoenix | B29 Education | $11.8M | 2 |
| FSL PATHWAYS | Phoenix | — | $11.8M | 4 |
| LEAD CHARTER SCHOOLS | Gilbert | B29 Education | $11.7M | 1 |
| SIMONE CHARITABLE FOUNDATION INC | Scottsdale | T20 Philanthropy, Voluntarism & Grantmaking Foundations | $11.7M | 2 |
| ARIZONA'S CATHOLIC TUITION SUPPORT ORGANIZATION | Tucson | — | $11.6M | 1 |
| LEGACY TRADITIONAL SCHOOL - QUEEN CREEK | Chandler | B20 Education | $11.5M | 0 |
| MELITA CHRISTIAN FELLOWSHIP HOSPITAL AID PLAN | Tempe | X02 Religion-Related | $11.4M | 6 |
| YUMA PRIVATE INDUSTRY COUNCIL INC | Yuma | — | $11.4M | 4 |
| SHONTO GOVERNING BOARD OF EDUCATION DBA SHONTO PREPARATORY ACADEMY | Shonto | B99Z Education | $11.4M | 1 |
| RIDGELINE ACADEMY INC | Phoenix | — | $11.3M | 3 |
| Arizona Community Action Association | Phoenix | — | $11.3M | 3 |
| ESPIRITU COMMUNITY DEVELOPMENT CORP | Phoenix | P20 Human Services | $11.3M | 1 |
| THUNDERBIRDS CHARITIES | Phoenix | T30 Philanthropy, Voluntarism & Grantmaking Foundations | $11.3M | 2 |
| Desert Heights Charter Schools | Glendale | B29 Education | $11.3M | 1 |
| Neighborhood Ministries Inc | Phoenix | X20Z Religion-Related | $11.3M | 4 |
| ARIZONA RETIREMENT CENTERS INC | Peoria | P750 Human Services | $11.3M | 1 |
| HOZHONI FOUNDATION INC | Flagstaff | P730 Human Services | $11.3M | 3 |
| COMITE DE BIEN ESTAR INC | San Luis | Z99Z Unknown | $11.2M | 10 |
| THE NARBHA INSTITUTE INC | Flagstaff | V23Z Social Science | $11.2M | 11 |
| COMMUNITY LEGAL SERVICES | Phoenix | I83Z Crime & Legal-Related | $11.1M | 8 |
| THE TRANSLATIONAL GENOMICS RESEARCH INSTITUTE FOUNDATION | Phoenix | H112 Medical Research | $11M | 5 |
| SCOTTSDALE PREPARATORY ACADEMY | Phoenix | B29 Education | $11M | 2 |
| ESTRELLA JOINT COMMITTEE INC | Scottsdale | S99 Community Improvement & Capacity Building | $11M | 0 |
| CHRISTIAN FAMILY CARE AGENCY INC | Phoenix | P46Z Human Services | $10.9M | 3 |
