Virginia G. Piper Charitable Trust Achieves $300 Million Milestone in Grantmaking
PHOENIX - (BUSINESS WIRE) - Virginia G. Piper Charitable Trust, a private foundation that honors the legacy of Virginia Galvin Piper, achieved a grantmaking milestone by investing more than $300 million in nonprofits and programs over the past 12 years. A grant award to Arizona Opera for $250,000 marks this defining moment in Piper Trust's history.
Annually, Maricopa County's 10 largest (public and private) foundations invest approximately $156 million in nonprofits and programs; the 10 largest private foundations in Maricopa County invest approximately $93 million.
"This is a significant point in time for all philanthropies in Greater Phoenix that have come of age together and work daily as partners to elevate best practices within our nonprofits, establish state-of-the-art facilities in our communities, and support programs that enhance quality of life for all," said Judy Jolley Mohraz, president and CEO, Virginia G. Piper Charitable Trust. "We also applaud the nonprofit community's extraordinary contributions over the years and particularly during times of economic distress-their innovative nature and drive for excellence are invaluable to the health of our state," said Mohraz.
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