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Steele Foundation Inc. is a private corporation based in PHOENIX, AZ. The foundation received its IRS ruling in 1980. The principal officer is % Gail Flinn. It holds total assets of $65.9M. Annual income is reported at $6M. DC SCHOLARSHIP PROGRAM THE PURPOSE OF THE SCHOLARSHIP PROGRAM IS TO AWARD SCHOLARSHIPS TO GRADUATING HIGH SCHOOL SENIORS WHO HAVE SHOWN THE PASSION TO SUCCEED DESPITE FACING ECONOMIC CHALLENGES. BECAUSE MANY OF THESE STUDENTS RECEIVE INSUFFICIENT FUNDS TO COVER BASIC TUITION AND FEES FOR THE SCHOOL, THE FOUNDATION MAKES GRANTS TO COVER SOME OR ALL OF THE GAP BETWEEN THE STUDENT'S COSTS AND THE SCHOOL'S FINANCIAL AID, SUCH AS BASIC SUPPLIES, TRANSPORTATION, TRAVEL, AND LIVING EXPENSES. IN 2021, THE SCHOLARSHIP PROGRAM HELPED FIVE STUDENTS WITH THEIR COLLEGE EXPENSES, PROVIDING SUPPORT TOTALING $33,000. THE FOUNDATION STRICTLY FOLLOWS ITS SCHOLARSHIP GRANTING PROCEDURES AS OUTLINED IN ITS IRS ADVANCE APPROVAL LETTER, INCLUDING THE USE OF A GRANT SELECTION COMMITTEE, STUDENT GPA AND REPORTING REQUIREMENTS, AND MONITORING USE OF FUNDS, AMONG OTHER THINGS. According to available records, Steele Foundation Inc. has made 175 grants totaling $16.4M, with a median grant of $25K. The foundation has distributed between $3.6M and $8.5M annually from 2021 to 2023. Grantmaking activity was highest in 2022 with $8.5M distributed across 90 grants. Individual grants have ranged from $300 to $2M, with an average award of $94K. The foundation has supported 74 unique organizations. The foundation primarily supports organizations in Arizona, Massachusetts, California, which account for 84% of all grants. Grantmaking reaches organizations across 11 states. Contributions to this foundation are tax-deductible.
DC SCHOLARSHIP PROGRAM THE PURPOSE OF THE SCHOLARSHIP PROGRAM IS TO AWARD SCHOLARSHIPS TO GRADUATING HIGH SCHOOL SENIORS WHO HAVE SHOWN THE PASSION TO SUCCEED DESPITE FACING ECONOMIC CHALLENGES. BECAUSE MANY OF THESE STUDENTS RECEIVE INSUFFICIENT FUNDS TO COVER BASIC TUITION AND FEES FOR THE SCHOOL, THE FOUNDATION MAKES GRANTS TO COVER SOME OR ALL OF THE GAP BETWEEN THE STUDENT'S COSTS AND THE SCHOOL'S FINANCIAL AID, SUCH AS BASIC SUPPLIES, TRANSPORTATION, TRAVEL, AND LIVING EXPENSES. IN 2023, THE SCHOLARSHIP PROGRAM HELPED FOUR STUDENTS WITH THEIR COLLEGE EXPENSES, PROVIDING SUPPORT TOTALING $34,290. THE FOUNDATION STRICTLY FOLLOWS ITS SCHOLARSHIP GRANTING PROCEDURES AS OUTLINED IN ITS IRS ADVANCE APPROVAL LETTER, INCLUDING THE USE OF A GRANT SELECTION COMMITTEE, STUDENT GPA AND REPORTING REQUIREMENTS, AND MONITORING USE OF FUNDS, AMONG OTHER THINGS.
Expenses: $34K
DC SCHOLARSHIP PROGRAM THE PURPOSE OF THE SCHOLARSHIP PROGRAM IS TO AWARD SCHOLARSHIPS TO GRADUATING HIGH SCHOOL SENIORS WHO HAVE SHOWN THE PASSION TO SUCCEED DESPITE FACING ECONOMIC CHALLENGES. BECAUSE MANY OF THESE STUDENTS RECEIVE INSUFFICIENT FUNDS TO COVER BASIC TUITION AND FEES FOR THE SCHOOL, THE FOUNDATION MAKES GRANTS TO COVER SOME OR ALL OF THE GAP BETWEEN THE STUDENT'S COSTS AND THE SCHOOL'S FINANCIAL AID, SUCH AS BASIC SUPPLIES, TRANSPORTATION, TRAVEL, AND LIVING EXPENSES. IN 2021, THE SCHOLARSHIP PROGRAM HELPED FIVE STUDENTS WITH THEIR COLLEGE EXPENSES, PROVIDING SUPPORT TOTALING $33,000. THE FOUNDATION STRICTLY FOLLOWS ITS SCHOLARSHIP GRANTING PROCEDURES AS OUTLINED IN ITS IRS ADVANCE APPROVAL LETTER, INCLUDING THE USE OF A GRANT SELECTION COMMITTEE, STUDENT GPA AND REPORTING REQUIREMENTS, AND MONITORING USE OF FUNDS, AMONG OTHER THINGS. Based on available records, the foundation has funded 175 grants. Its grantmaking reaches organizations primarily in AZ, MA, CA.
Steele Foundation Inc. has distributed a total of $16.4M across 175 grants. The median grant size is $25K, with an average of $94K. Individual grants have ranged from $300 to $2M.
Steele Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Steele Foundation Inc. is headquartered in PHOENIX, AZ. While based in AZ, the foundation distributes grants to organizations across 11 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Marianne Cracchiolo Mago | President | $473K | $47K | $520K |
| Jeff Fishman | Director | $0 | $0 | $0 |
| Andy Cracchiolo | Director | $0 | $0 | $0 |
| Andy Abraham | Secretary | $0 | $0 | $0 |
Total Giving
$5.3M
Total Assets
$65.3M
Fair Market Value
$89.7M
Net Worth
$65.2M
Grants Paid
$3.6M
Contributions
$0
Net Investment Income
$2.1M
Distribution Amount
$4.4M
Total: $96K
Total Grants
175
Total Giving
$16.4M
Average Grant
$94K
Median Grant
$25K
Unique Recipients
74
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| University Of Arizona FoundationThe DC Institute | Tucson, AZ | $2M | 2023 |
| Barrow Neurological FoundationDC/PG Fellowship Endowment | Phoenix, AZ | $500K | 2023 |
| Arizona Science CenterChevy Humphrey 3rd Grade Scholarships | Phoenix, AZ | $250K | 2023 |
| Read On ArizonaGeneral Support | Phoenix, AZ | $250K | 2023 |
| Heard MuseumFamily and Youth Engagement Project | Phoenix, AZ | $100K | 2023 |
| Asu FoundationDaniel Cracchiolo Chair in Civil & Criminal Law | Tempe, AZ | $100K | 2023 |
| Literacy ConnectsCapacity Bldg Reading Seed Program | Tucson, AZ | $75K | 2023 |
| Mesa Arts Center FoundationProject Literacy | Mesa, AZ | $53K | 2023 |
| Blue Watermelon ProjectGeneral Support | Phoenix, AZ | $37K | 2023 |
| ChildsplayStorybook Preview Performances | Tempe, AZ | $30K | 2023 |
| Nourish PhoenixProgram Director Salary | Phoenix, AZ | $25K | 2023 |
| The Salvation ArmyChristmas Angel Program | Scottsdale, AZ | $25K | 2023 |
| Jewish National FundGeneral Support | Rockville Center, NY | $18K | 2023 |
| Arizona Jewish Historical SocietyHilton Holocaust Education Center | Phoenix, AZ | $13K | 2023 |
| Temple SolelPreschool scholarship fund | Paradise Valley, AZ | $13K | 2023 |
| Dc Scholar - DanielScholarship | Phoenix, AZ | $10K | 2023 |
| St Francis Xavier SchoolGeneral Support | Phoenix, AZ | $10K | 2023 |
| Support My ClubGeneral Support | Phoenix, AZ | $10K | 2023 |
| Dc Scholar - SergioScholarship | Phoenix, AZ | $10K | 2023 |
| Dc Scholar - CharlieScholarship | Phoenix, AZ | $7K | 2023 |
| Dc Scholar - BryanScholarship | Phoenix, AZ | $7K | 2023 |
| College Vista Preparatory IncBooks, shelving, seating | Phoenix, AZ | $5K | 2023 |
| Shalhevet High SchoolTrip Scholarship | Los Angeles, CA | $5K | 2023 |
| Camp Stone Scholarship FundScholarship Fund | Beachwood, OH | $5K | 2023 |
| Cardozo School Of LawGeneral Support | New York, NY | $5K | 2023 |
| SharsheretGeneral Support | Teaneck, NJ | $5K | 2023 |
| Bainbridge Island Parks And TrailsGeneral Support | Bainbridge Island, WA | $5K | 2023 |
| American Friends Of Natal IncGeneral Support | New York, NY | $5K | 2023 |
| Education Forward ArizonaScholarship Funding | Phoenix, AZ | $4K | 2023 |
| Blue Watermelon Project IncColabl Coaching Sessions | Phoenix, AZ | $4K | 2023 |
| Az LeadsAZ Leads | Phoenix, AZ | $500K | 2022 |
| Make Way For BooksDigital Learning Platform | Tucson, AZ | $250K | 2022 |
| Brophy College PrepartoryGenerations Endowment Fund | Phoenix, AZ | $250K | 2022 |
| Arizona Community FoundationAccelerating Early Literacy | Phoenix, AZ | $250K | 2022 |
| Donors ChooseTeacher Supply Match | Phoenix, AZ | $200K | 2022 |
| Slow Food PhoenixBlue Watermelon Project | Phoenix, AZ | $104K | 2022 |
| Valley Of The Sun YmcaPreschool Gen Op Salary Support | Phoenix, AZ | $50K | 2022 |
| Nourish PhxProgram Director | Phoenix, AZ | $45K | 2022 |
| Ucla FoundationAndrea Cracchiolo III, M.D Ortho Award | Los Angeles, CA | $30K | 2022 |
| World Central KitchenGeneral Support | Washington, DC | $20K | 2022 |
| Sw Autism Research Resouce CenterCommunity School Tempe | Phoenix, AZ | $20K | 2022 |
| Brophy College PreparatoryGeneral Support | Phoenix, AZ | $10K | 2022 |
| Paradise Valley United Methodist ChGeneral Support | Paradise Valley, AZ | $10K | 2022 |
| St Ignatius College PrepGeneral Support | Chicago, IL | $10K | 2022 |
| University Of Notre DameGeneral Support | Notre Dame, IN | $10K | 2022 |
| Dc Scholar - RobertScholarship | Phoenix, AZ | $7K | 2022 |
| Dc Scholar - NelsonScholarship | Phoenix, AZ | $5K | 2022 |
| Uc Berkeley FoundationGeneral Support | Berkeley, CA | $5K | 2022 |
| Hillel At Washington UniversityGeneral Support | St Louis, MO | $5K | 2022 |
| New Pathways For YouthGeneral Support | Phoenix, AZ | $5K | 2022 |
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