Community Finance Corporation
Preselected recipients only
Community Finance Corporation is a private foundation in Tucson, Arizona. In tax year 2024 it gave $116,015 in 5 grants; the typical grant was $15,000 and the largest $51,015. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$116,015
- Number of grants5
- Typical grant$15,000
- Largest grant$51,015
- Assets$2.2 billion
- New grantees0%
Giving in 2024 was down from $204,267 the year before.
0% of its 2024 grantees had not received a grant from it the year before, so most of its money goes to organizations it already funds.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2022 | $146,267 | 7 | $836 million |
| 2023 | $204,267 | 11 | $967 million |
| 2024 | $116,015 | 5 | $2.2 billion |
How to apply
Community Finance Corporation says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
What Community Finance Corporation funds
Where it gives
All of its grants went to recipients in Arizona.
| State | Grants | Amount |
|---|---|---|
| Arizona | 5 | $116,015 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| University of Az Foundation Arizona Assurance | See attached schedule k | $51,015 |
| Ua-College of Engineering Davinci Scholarship | See attached schedule k | $25,000 |
| Tucson Unified School District Education Enrichment Foundation | See attached schedule k | $15,000 |
| Flowing Wells School District | See attached schedule k | $15,000 |
| So Az Research Science and Engineering Foundation | See attached schedule k | $10,000 |
Officers and trustees
- Gary Molenda
- Michael Hammond
- Kendall Bert
- Michael Arnold
- Kathleen Perkins
- Kenneth Abrahams
Questions people ask
Does Community Finance Corporation accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does Community Finance Corporation give?
$116,015 in tax year 2024, across 5 grants, with a typical grant of $15,000.
Who runs Community Finance Corporation?
Its 2024 filing lists Gary Molenda (Des Rep), Michael Hammond (President), Kendall Bert (Secretary) and Michael Arnold (Treasurer) among 6 officers and trustees.
What does Community Finance Corporation fund?
Based on its grants, mainly education and science and research.