Community Finance Corporation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TUCSON, AZ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $966.9M in total assets. In 2024, it awarded 11 grants totaling $204K. Net investment income was $600K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$966.9M
+15.7% YoY
Annual Giving
$204K
+39.7% YoY
Grant Count
11
+57.1% YoY
Avg Grant Size
$19K
-11.1% YoY
Under IRS private-foundation payout rules, Community Finance Corporation reported a distributable amount of $45K for 2024 — the minimum it must pay out in qualifying distributions.
About Community Finance Corporation
Based on IRS filings
Community Finance Corporation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TUCSON, AZ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $966.9M in total assets. In 2024, it awarded 11 grants totaling $204K. Net investment income was $600K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $966,947,621 | $835,661,961 | $797,137,871 |
| Revenue | $88,017,179 | $85,271,726 | $87,586,765 |
| Expenses | $87,621,549 | $84,927,861 | $87,223,954 |
| Qualifying Distributions | $204,267 | $146,267 | $149,767 |
| Net Investment Income | $599,897 | $497,226 | $537,339 |
| Distributable Amount | $44,879 | $46,887 | $42,233 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
40 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University of Az Foundation ($39,267), Ua-college of Engineering ($25,000), Ymca of Southern Az ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| UA-COLLEGE OF ENGINEERING TUCSON, AZ | SEE ATTACHED SCHEDULE K | $25,000 |
| YMCA OF SOUTHERN AZ TUCSON, AZ | SEE ATTACHED SCHEDULE K | $25,000 |
| TUCSON UNIFIED SCHOOL DISTRICT TUCSON, AZ | SEE ATTACHED SCHEDULE K | $15,000 |
| UNIVERSITY OF AZ FOUNDATION TUCSON, AZ | SEE ATTACHED SCHEDULE K | $39,267 |
| SO AZ RESEARCH SCIENCE AND TUCSON, AZ | SEE ATTACHED SCHEDULE K | $20,000 |
| JEWISH COMMUNITY CENTER OF TUCSON, AZ | SEE ATTACHED SCHEDULE K | $10,000 |
| FLOWING WELLS SCHOOL DISTRICT TUCSON, AZ | SEE ATTACHED SCHEDULE K | $15,000 |
| EL GROUPO YOUTH CYCLING TUCSON, AZ | SEE ATTACHED SCHEDULE K | $15,000 |
| UNIVERSITY OF AZ FOUNDATION TUCSON, AZ | SEE ATTACHED SCHEDULE K | $25,000 |
| PRIMAVERA FOUNDATION TUCSON, AZ | SEE ATTACHED SCHEDULE K | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GARY MOLENDA | DES REP | 2 | — |
| MICHAEL HAMMOND | PRESIDENT | 2 | — |
| KENDALL BERT | SECRETARY | 2 | — |
| MICHAEL ARNOLD | TREASURER | 2 | — |
| KATHLEEN PERKINS | VICE-PRESIDE | 2 | — |
| KENNETH ABRAHAMS | BOARD MEMBER | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Community Finance Corporation?
Community Finance Corporation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TUCSON, AZ. It holds $966.9M in total assets as of 2024.
How large is Community Finance Corporation?
As of 2024, Community Finance Corporation holds $966.9M in total assets with $88.0M in annual revenue. It awarded 11 grants totaling $204K in 2024.
Where does Community Finance Corporation operate?
Community Finance Corporation has awarded grants in Arizona.
What size grants does Community Finance Corporation award?
In 2024, Community Finance Corporation awarded 11 grants totaling $204K — an average of about $19K per grant, based on its IRS Form 990 filings.
How much is Community Finance Corporation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Community Finance Corporation reported a distributable amount of $45K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Community Finance Corporation's EIN?
Community Finance Corporation's EIN (Employer Identification Number) is 86-0683138. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Community Finance Corporation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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