Funder DirectoryThe Steele Foundation Inc
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Private foundation (trust)EIN 953466880Est. 1980-05

The Steele Foundation Inc

PHOENIX, AZ 85018

Total Assets

$89.7M

FY 2023

Annual Giving

$3.6M

FY 2023

Grants Made

31

FY 2023

Avg Grant

$116K

FY 2023

Grant Range

$3K–$2M

Typical

Deadlines

Applications

Programs & Activities

Program 1

$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 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.

Focus Areas

Private Independent Foundations

Financial Snapshot

2023 filing

Total Revenue

$2.7M

Total Expenses

$5.3M

Qualifying Distributions

$4.7M

Distributable Amount

$4.4M

Min. Investment Return

$4.4M

Payout rate 100%Arc chart showing what share of IRS distributable amount was paid out as qualifying distributions in the latest filing.100%

Payout rate

Qualifying distributions as a share of distributable amount.

Grant Range

31 grants

Grant sizes from minimum $3K through median $10K to maximum $2M, shown on a logarithmic scale.

Logarithmic scale — typical grant portfolios span orders of magnitude, so distances are proportional to multiplicative change, not dollar gaps.

Giving Over Time

3 years

Giving over time from 2020 to 2023. Peak $4.3M in 2022. Hover bars for details.

Total dollars recorded per filing year. Scale adjusts to the foundation's range.

Top Recipients

132 grants

University of Arizona Foundation
$3.2M
5 grants
Barrow Neurological Foundation
$1.0M
3 grants
Arizona Science Center
$750K
3 grants
AZ Leads
$500K
1 grant
Arizona Community Foundation
$460K
5 grants
ASU Foundation
$425K
4 grants
Make Way for Books
$300K
2 grants
Brophy College Preparatory
$260K
2 grants

Grant Size Distribution

132 grants

<$10K
50
grants
$10–50K
43
grants
$50–250K
34
grants
$250K–1M
4
grants
$1–5M
1
grants
$5M+

Geographic Focus

10 states

Arizona
$10.7M
99% of total
California
$40K
0% of total
New York
$37K
0% of total
District of Columbia
$20K
0% of total
Washington
$10K
0% of total
Ohio
$10K
0% of total
New Jersey
$10K
0% of total
Indiana
$10K
0% of total
Illinois
$10K
0% of total
Missouri
$5K
0% of total

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