According to staff director and senior researcher at the L. William Seidman Research Institute, W. P. Carey School of Business, Arizona State University, Dr. Anthony Evans, the economic impact of $500 million+ philanthropic dollars on Maricopa County (granted over 20+ years) is estimated at more than 4,015 job years of employment; more than $213.1 million in labor income; and, more than $495.3 million in total contribution to the state’s gross domestic product (GDP). “These economic impacts are a significant but nevertheless conservative estimate of Piper Trust’s total contribution to Maricopa County. These numbers don’t factor in social impact—things like the numbers of people who have benefited from health, human services, or educational programs funded by the Trust; or the number of arts and culture initiatives that have improved the quality of life within the local community,” Dr. Evans said. “If we could accurately measure all of those things, the absolute impact of the Trust’s support for nonprofits and programs over the last 20 years could be at least double or triple the GDP impact.”