Community Finance Corporation
Community Finance Corporation is a private foundation, based in Tucson, AZ. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $2.2B in total assets. In 2025, it awarded 5 grants totaling $116K. Net investment income was $550K.
Community Finance Corporation at a glance
In short: Community Finance Corporation gave $116K across 5 grants in 2025 (avg $23K), mostly in Arizona. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $116,015
- -43.2% vs 2024
- Grants made (2025)
- 5
- -54.5% vs 2024
- Average grant
- $23,203
- +25.0% vs 2024
- Median grant
- $15,000
- Total assets
- $2,151,348,262
- +122.5% vs 2024
- Primary geography
- Arizona (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Community Finance Corporation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was University of AZ Foundation ($51K). Together the top 5 received $116K.
Grant Size Distribution
37 grants across all recorded years
The most common grant size was under $50K: 36 grants of 37 (97%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
States
Cities
How Community Finance Corporation gives
- Giving fell 23% from 2022 to 2025. Method
- In 2025 it paid out 242% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $116K (2025) to $204K (2024). In 2025 it made 5 grants totaling $116K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of AZ Foundation Tucson, AZ | See Attached Schedule K | $51,015 |
| UA-College of Engineering Tucson, AZ | See Attached Schedule K | $25,000 |
| Tucson Unified School District Tucson, AZ | See Attached Schedule K | $15,000 |
| Flowing Wells School District Tucson, AZ | See Attached Schedule K | $15,000 |
| So AZ Research Science and Tucson, AZ | See Attached Schedule K | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $2,151,348,262 | $127,733,375 | $127,299,594 | $116,015 | 5 | $116,015 | $549,796 | $47,859 |
| 2024 | $966,947,621 | $88,017,179 | $87,621,549 | $204,267 | 11 | $204,267 | $599,897 | $44,879 |
| 2023 | $835,661,961 | $85,271,726 | $84,927,861 | $146,267 | 7 | $146,267 | $497,226 | $46,887 |
| 2022 | $797,137,871 | $87,586,765 | $87,223,954 | $149,767 | 7 | $149,767 | $537,339 | $42,233 |
| 2021 | $384,875,823 | $62,505,793 | $62,187,323 | $145,000 | 7 | — | $486,182 | $37,924 |
| 2020 | $284,744,884 | $59,653,037 | $59,553,115 | $150,000 | 8 | — | $284,346 | $39,716 |
Under IRS private-foundation payout rules, Community Finance Corporation reported a distributable amount of $48K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Community Finance Corporation is led by Michael Hammond, President on every filing since 2020; none of the 6 officers listed in 2025 report compensation.
Officers on the 2025 filing
Michael Hammond
President
On filings since 2020
2 hrs/week
No compensation reported
Gary Molenda
Des Representative
On filings since 2020
2 hrs/week
No compensation reported
Kathleen Perkins
Vice President
On filings since 2020
2 hrs/week
No compensation reported
Kendall Bert
Secretary
On filings since 2020
2 hrs/week
No compensation reported
Kenneth Abrahams
Board Member
On filings since 2020
2 hrs/week
No compensation reported
Michael Arnold
Treasurer
On filings since 2020
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Community Finance Corporation
How much does Community Finance Corporation give each year?
Community Finance Corporation gave $116K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $204K across 11 grants.
What is Community Finance Corporation's typical grant size?
Community Finance Corporation's median grant in 2025 was $15,000, and its average grant was $23,203, across 5 grants on its 2025 IRS Form 990-PF.
Where does Community Finance Corporation give grants?
Community Finance Corporation gives mostly in Arizona: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Tucson, AZ (5 grants).
Does Community Finance Corporation give general operating support?
Not in 2025: none of the 5 grants with a stated purpose on Community Finance Corporation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "See Attached Schedule K" (5 grants).
Who are Community Finance Corporation's largest grantees?
Community Finance Corporation's largest 2025 grantees include University of AZ Foundation ($51,015), UA-College of Engineering ($25,000) and Tucson Unified School District ($15,000), according to its 2025 IRS Form 990-PF. Together they received 78% of its itemized 2025 grant dollars.
How large is Community Finance Corporation?
Community Finance Corporation reported $2.2B in total assets on its 2025 IRS Form 990-PF. It paid out $116K in qualifying distributions that year, against a required minimum of $48K (roughly 5% of its investment assets).
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 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS August 21, 2026)
- IRS filings on file for fiscal years 2020–2024
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