cutbacks

Boosting Arizona's Philanthropic Resources

posted by
Marissa Theisen,
President & CEO
Arizona Grantmakers Forum

In my last post, I highlighted the current status of Arizona's philanthropic sector, based on a research report released by Arizona Grantmakers Forum in January 2011. The report was based on 2008 tax data for both institutions and individuals. While the markets have rebounded somewhat since 2008 and thus individual and foundation assets have grown, it's unlikely that Arizona's relative position compared with other states has changed.

It seems clear that Arizona's philanthropic sector is underdeveloped relative to most other parts of the country. In addition, our low rankings on many social sector indicators suggest that some of the challenges we face are more severe than what other states deal with. Given the recent substantial cutbacks in state government support for many nonprofits, I believe the sector needs to get very creative about expanding revenue sources.