Science Foundation Arizona (SFAz) is an exempt public entity under Section 501(C)(3) of the Internal Revenue Code. As a nonprofit organization, all of our dealings are transparent and open to the public for review.

Funding and Operational Support

The core operating funds for the organization derive from a commitment by three Arizona CEO Groups over a five-year period.  These groups include: Flagstaff 40, Greater Phoenix Leadership and Southern Arizona Leadership Council.

With our operating costs covered by these groups, all public and philanthropic funds are used exclusively for investing in Arizona's future.

Investment Funds

Investment monies are derived from public and private monies. In June 2006, the Arizona Governor and State Legislature appropriated $35 million dollars through the Department of Commerce and its Commerce and Economic Development Commission to invest in SFAz. This money is going toward innovation awards that represent investments in Arizona's future. Additional philanthropic contributions are also being invested. 

For every dollar in state funding that SFAz has received, we’ve brought in an additional $3.15 from industry matches and other non-state sources. According to the independent auditor the Battelle Institute, SFAz’s leveraging of state dollars to raise outside investments has resulted in a net gain creating “new wealth for Arizona.”

Management Structure

SFAz is governed by a board of directors consisting of accomplished and respected individuals across Arizona, along with highly talented R&D world-class leaders from outside the state to ensure the perspective that is essential to compete in today's global economy.

The board sets investment policy and performance expectations, and empowers the president and CEO to operate the foundation.

Read more about SFAz's board, staff and independent audit committee>