The Arizona Business and Professional Women’s Foundation was founded in 1989, by the Arizona BPW Federation to support the financial needs of women seeking educational opportunities to improve their job opportunities. The first Foundation Scholarship was established in 1990 in honor of past National President, Dr. Dorine Chancellor. Members of the Arizona BPW Federation provided initial funding for this scholarship. The scholarship was further developed to provide an opportunity for BPW units and individuals to sponsor additional community colleges. Today, financial aid is still being offered.
The Arizona Business and Professional Women's Foundation promotes the advancement of Arizona's working women through scholarships, research, and education. Scholarships are awarded to women 19 years or older who are returning to school at a community college to acquire better job opportunities or advance their current careers. All scholarship recipients are required to attend one Arizona BPW Foundation event per year.