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SOURCE: Community Foundation Southern NM
Community Foundation of Southern NM Dedicated to Philanthropy in New Mexico
Las Cruces, NM (PRWEB) March 01, 2013
The New Mexico Association of Grantmakers (NMAG) recently released a report highlighting the effectiveness and impact of organized philanthropy throughout the state. The report serves as an opportunity to increase the understanding of the role of philanthropy in society.
Philanthropy in New Mexico 2012, authored by Sabrina V. Pratt included primary data research by Arika E. Sánchez for data years 2009-2010. The report was compiled by 323 grantmakers, grants made and charitable giving by individuals (government sources were not included).
The report showed total giving by New Mexico funders for 2009 was $59,004,182. New Mexico total assets held by foundations were $1.3 billion in 2010 and total giving in New Mexico through grants for 2009 was $132.8 million. Giving by New Mexico grantmakers in the state increased by 11.28% between 2006 and 2009 and the average grant size of out of state funders in 2009 was three times larger than New Mexico-based funders. In 2009, $655.7 million was given to charitable causes by New Mexico taxpayers who itemize deductions and 26% of NM taxpayers who itemized returns made charitable contributions in 2009 compared to 27% in 2005. In total, $1.3 billion in total assets for 2010 was reported by New Mexico foundations.
The NMAG was founded in 1991 and is dedicated to increasing the effectiveness and impact of organized philanthropy throughout the state. NMAG is a regional membership association that provides programs, research and educational resources and networking opportunities for grantmakers throughout New Mexico.
As a philanthropic leader in New Mexico, the Community Foundation of Southern New Mexico (CFSNM) serves as an independent charity that stewards philanthropic resources from institutional and individual donors to community-based organizations in southern New Mexico, including Doña Ana, Grant, Hidalgo, Lincoln, Luna, Otero and Sierra Counties.
The CFSNM manages 37 nonprofit endowments and 150 private endowments, and has become a catalyst for significant community change by enabling people to create and help finance charitable funds that address a wide range of interests. In 2012, the CFSNM acquired and managed permanent assets of $13,976,000 and total invested assets of $7,881,000 through 187 endowments of which 37 are local nonprofits. The CFSNM also awarded $142,800 of endowment earnings to local charities and over 47 scholarships totaling $28,375.42. The CFSNM also granted $90,375 in grant funds to local nonprofits, held the 20th Annual Estate Planning Institute and funded 34 mammograms for underserved women.
“As an independent charity that stewards philanthropic resources we are dedicated to making a difference in southern New Mexico,” said Luan Wagner Burn, executive director of the CFSNM. “Through the Community Foundation of Southern New Mexico, donors can create endowments, fund endowments and connect with causes that matter.”
Donating to an endowment contributes with a payoff both in the present and later for future generations. An endowment is set up with $5000 minimum and five years to meet that minimum, either anonymously or with recognition. Once the $5000 base is established, the endowment starts gaining interest, and the more that is added, the larger the endowment becomes, and the more it meets current needs.
Nearly every type of asset, including cash, real estate, stock and artwork can be contributed to a community foundation. Gifts come from living donors and bequests through various types of funds and giving vehicles.
In addition to managing funds and endowments, the CFSNM has several initiatives including the Unified Prevention! (UP!) Coalition for a Drug Free Doña Ana County and the Young Philanthropists and is host to the Gen M Summer Science Institute and the J. Paul Taylor Symposium.
The Community Foundation of Southern New Mexico is dedicated to helping the Southern New Mexico community now and in the future. Founded in 2000, the Community Foundation offers opportunities for local people who want to give back locally. The beauty of the Foundation is that you need not be wealthy to make a positive difference in the lives of people throughout our area. Through the establishment of permanent funds you can sustain local charitable organizations, provide scholarships to area students and fulfill wishes that are close to your heart. Through our planned giving programs, you can honor loved ones or leave a legacy that benefits the people of Southern New Mexico for generations to come. The Community Foundation of Southern New Mexico can advise you on how best to maximize contributions, no matter what size. For more information, see our website at http://www.cfsnm.org or call Luan Wagner Burn, Ph.D., at 575.521.4794.
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