The first president and executive director of the Arts Festival was Bill Charney who originally presented the Arts Festival concept to the Cherry Creek Chamber of Commerce (then the Cherry Creek Commerce Association) Board of Directors.
At that meeting, the leadership of the Cherry Creek business community committed $15,000 in seed money, and a group of volunteers to assist Charney as an "Organizing Committee".
For three days during early July, the nation's #1 outdoor Arts Festival (as ranked by four independent industry publications)[which?]
The Arts Festival is hosted by the Cherry Creek North Business Improvement District and receives no commission for the sale of artwork.
CCAF is entirely dependent upon donations, sponsorships and grants, in addition to support from the City and County of Denver and the SCFD.