GrantAuthority

Steele Foundation Inc

Grantmaking foundation in Phoenix, Arizona · EIN 95-3466880

Grants itemized on the 990
$3.7MTax year 2024
Grants made
34Tax year 2024
Total assets
$66MLatest reported
Latest IRS filing
2024Form 990 / 990-PF

Mission

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.

Quoted from the foundation's IRS filing.

Giving by year

$2.6M2019
$3M2020
$4.3M2021
$4.3M2022
$3.6M2023
$3.7M2024

Totals by tax year, rounded to two significant figures. Years without a reported total show the sum of grants itemized on the filing.

Top recipients

RecipientAmountTax year
University of Arizona Foundation$2M2024
Barrow Neurological Foundation$500K2024
Arizona Jewish Historical Society$260K2024
Literacy Connects$110K2024
Childsplay$110K2024

Amounts are rounded. The full grantee list (34 grants in 2024) is available with a free account.

Website: steeleaz.org

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Source: IRS Form 990 and 990-PF filings, tax year 2024. Also see this organization on ProPublica Nonprofit Explorer.