The Steele Foundation Inc
The Steele Foundation Inc is a private independent foundation established in 1980 and based in Phoenix, Arizona. Operating as a 501(c)(3) organization, the foundation focuses on improving the lives of Arizona's children through strategic philanthropic investments.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$65.9M
+0.9% YoY
Annual Giving
$3.7M
+2.7% YoY
Grant Count
34
+9.7% YoY
Avg Grant Size
$108K
-6.3% YoY
Mission & Focus Areas
The foundation's mission centers on making it great to be a kid in Arizona through investments in education. Primary areas of interest include:
- Education
- Holistic health
- Community enrichment
Grantmaking
The foundation administers several grant programs including general support, scholarships, and specialized initiatives such as the Blue Watermelon Project and the DC Institute.
Grant Range
$2,500 to $2,000,000
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation funds initiatives across multiple U.S. states and cities, with primary focus areas including Arizona, California, Colorado, Illinois, Indiana, Massachusetts, Missouri, New Jersey, New York, and Ohio. Within Arizona, the foundation has particular presence in Phoenix and Tucson.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2024):
- Total assets: $65.86 million
- Total revenue: $5.98 million
- Total expenses: $5.38 million
- Total liabilities: $16,700
Assets & Revenue (2023):
- Total assets: $65.27 million
- Total revenue: $2.73 million
- Total expenses: $5.32 million
The foundation maintains a giving rate of approximately 7.0% of assets annually.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $65,862,184 | $65,266,628 | $67,628,930 |
| Revenue | $5,975,536 | $2,733,059 | $6,342,764 |
| Expenses | $5,375,051 | $5,316,724 | $5,906,590 |
| Qualifying Distributions | $4,739,185 | $4,653,973 | $5,254,834 |
| Net Investment Income | $5,423,464 | $2,143,961 | $5,845,479 |
| Distributable Amount | $4,517,735 | $4,406,820 | $4,587,650 |
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
210 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Marianne Cracchiolo Mago – President (40 hours/week, $472,673 compensation)
- Andy Abraham – Secretary (1 hour/week, no compensation)
- Andy Cracchiolo – Director (1 hour/week, no compensation)
- Jeff Fishman – Director (1 hour/week, no compensation)
- Holly Tullis – Finance Director (40 hours/week, $169,000 compensation)
- Amber Skalsky – Program Manager (40 hours/week, $169,000 compensation)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Marianne Cracchiolo Mago | President | 40 | $504,539 |
| Andy Abraham | Secretary | 1 | — |
| Andy Cracchiolo | Director | 1 | — |
| Jeff Fishman | Director | 1 | — |
Contact Information
- Website: www.steeleaz.org
- Phone: 602-850-9804
- Address: 4131 N 36th St Ste 1, Phoenix, AZ 85018-4754
- EIN: 95-3466880
Subject Areas
Focus areas based on grantmaking activity
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Similar funders by location and focus area
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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