The 2013 Cottonwood Palo Verde Board of Directors members Kathy Skrei, Richard Hawkes, Don Hicks,
Nancy Pannebecker, Mel Rasmussen, Bud Jenssen, George Thomas,and Woody Neiman voted to form a committee to appoint five board members to begin the process of starting a community foundation.

December 13, 2013 Steve Nolan signed an agreement with the Rayndon Law Group to set up a non- profit organization named Cottonwood Palo Verde Foundation.

April 2, 2014 the original five board members met for the first time and elected officers:
President – Stan Shores
Vice President/Secretary – Elaine Kraemer
Treasurer – Steve Schneck
Directors – Bob Carlson, Keith Nelson

April 21, 2014 Bylaws were presented to the board members and signed by all

April 22, 2014 Articles of Incorporation were filed with the Arizona Corporation Commission

September 19, 2015 A Letter of Determination was approved by the IRS. The foundation now began working as a 501 (c)(3) organization.