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Category: Non-Local News Releases Non-Local News Releases
Published: 08 August 2018 08 August 2018

(Albuquerque, N.M.) – Forty New Mexico nonprofits now have a total of $750,000 toward their missions, which included five organizations that received $50,000 and ten organizations that received $25,000 this week. Funding for the organizations was provided through the PNM Resources Foundation's New Century of Service Grant Program.

Designed to promote economic development, education and the environment within the PNM service area, the grants were awarded to organizations that work to innovate new products and services that, in turn, grow and develop businesses in New Mexico; create collaborative community spaces for public use; and provide educational opportunities that support economic development.

"It is an honor for the PNM Resources Foundation to invest this money in our New Mexico communities," said PNM Resources Foundation President Becky Teague. "We are excited to support projects which will promote jobs, services and education in hometowns across the state."

Priority for funding is given to projects that demonstrate a clear path to sustainability, have a well-defined timeline for implementation; show tangible results, fuel a stronger New Mexico through measurable economic impact and more.

The 2018 New Century of Service $50,000 grant recipients are:

The 2018 New Century of Service $25,000 grant recipients are:

The 2018 New Century of Service $10,000 grant recipients are:

Since 1983, the PNM Resources Foundation has helped improve the quality of life in New Mexico by supporting nonprofit organizations. Founded by PNM shareholders, the PNM Resources Foundation is a separate, nonprofit, tax exempt corporation governed by a board of trustees comprised of PNM employees. No customer funds are part of the PNM Resources Foundation endowment.