TEMPORARY FUNDS MANAGED BY THE COMMUNITY FOUNDATION OF
SOUTHERN NEW MEXICO
- SpringBoard! (Empowering Every Woman)
- Over The Rainbow
- Father's Support Group
- Bill and Renee Cupit Fund
- Mayor's Top Teens
- AGUA
- Southwest Energy Alliance
- Honor Flight of Southern New Mexico
- David Diaz Fund
- Mesilla Valley Preservation Inc.
- Mesilla Valley Skeet & Trap Club
- Ziacase
- Monagle Second Chance Scholarship
- For the Sake of Animals
ENDOWMENTS MANAGED BY THE COMMUNITY FOUNDATION OF
SOUTHERN NEW MEXICO
An endowment is a permanent fund created in the Community Foundation. The donor's gift is invested over time. A portion of the earnings from the principal of the endowment is used to make grants addressing community needs. The donor's gift is a permanent source of community capital, helping do good work today and in the future.
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Stan and Jeanne Hanssen
Purpose: CFSNM Operations
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Russell E. and Frankie D. Clemons
Purpose: CFSNM Operations
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Kevin T. Riedel Memorial Scholarship
Purpose: Scholarship for Area Young People
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Hispanic Scholarship
Purpose: Scholarship for Minority Students
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Ammu and Rama Devasthali to benefit SpringBoard!
Purpose: Scholarships/Grants for women
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Jacquelyn McCutcheon Richards Memorial
Purpose: Charitable Projects in Las Cruces, New Mexico
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Anderson Carter II
Purpose: CFSNM Operations
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The Ruth Endowment
Purpose: CFSNM Operations
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Citizens Bank
Purpose: CFSNM Operations
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State National Bank
Purpose: CFSNM Operations
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Harold Cousland for Young Journalists
Purpose: Scholarship for Journalism Students
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Forch E. Atkinson Scholarship
Purpose: Scholarship for students in Lovelady, Texas
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Dr. Larry D. Morgan Memorial
Purpose: Patient Services at Mesilla Valley Hospice
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June and Paul T. Hutchcroft Memorial
Purpose: Teacher Grants in Mediapolis, IA
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June Hutchcroft Memorial
Purpose: CFSNM Operations
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Memorial Medical Center
Purpose: Community Impact Fund
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SpringBoard!
Purpose: Scholarships/Grants for Women
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MountainView Regional Medical Center
Purpose: Community Impact Fund
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Futurists
Purpose: Fund for Community Projects
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Miller Stratvert
Purpose: Mesilla Valley Hospice
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SWIM Las Cruces
Purpose: Funds for Indoor Swimming Pool
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Buesing Endowment
Purpose: Community Impact Fund
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CFSNM Operations
Purpose: CFSNM Operations
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Rotary Club of Las Cruces
Purpose: First Step Center Programs
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Patsy A. Duran
Purpose: Non-Profit Agencies
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Vidusha & Kryn for SpringBoard! Operations
Purpose: Scholarships/Grants for Women
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Zia Trust
Purpose: CFSNM Operations
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Bill and Renee Cupit
Purpose: Support The Bridge
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Juanita Trujillo Memorial
Purpose: Operations of the
Carmelite Nuns of Las Cruces,
New Mexico (OCDS)
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NMSU Sigma Nu Scholarship In memory of Edward A. Jaramillo
Purpose: Scholarship for NMSU Business College Students
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Leslie Lobdall Fletcher Memorial
Purpose: CFSNM Operations
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Richard and Nancy Gregory
Purporse: TBD
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| First Presbyterian Church |
Myra Covarrubias Scholarship
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| Purpose: First Presbyterian Church |
Purpose: Scholarships for |
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Students Majoring in Special Ed |
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| Alexis Elle Scholarship |
Alfred P. Corrall |
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Purpose: Scholarships for Single
Mothers Attending NMSU or DACC
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Purpose: Scholarships for Hispanic Students enrolled at DACC |
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| David Diaz Music From the Heart |
Tom and Donna Tate |
| Purpose: New Mexico Music Programs and/or |
Operations of CFSNM |
| Music Scholarships |
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| Margie C. Huerta |
Keith and Luan Burn |
Programs, Services, Operations and Scholarship
at DACC |
Operations of CFSNM |
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DONOR ADVISED FUNDS
Simply stated, a donor advised fund is a charitable vehicle in which a donor contributes cash or assets to create a fund in a "sponsoring organization" such as The Community Foundation.
The donor, or someone the donor names, makes recommendations to the Community Foundation about how the funds should be used. Some donor advised funds will be fully expended during the donor's lifetime; others will be a permanent legacy, benefiting communities into the future.
The Community Foundation educates donors about community needs and about the charities that are working effectively to meet those needs. The Community Foundation also takes care of the administrative details - tax, legal and accounting matters.
The most important reason why donors establish donor advised funds is they are generous and committed people with a passion for their causes and their communities. Donor Advised Funds can be set up as permanent funds, preserving the donor's legacy long after the donor has passed away.
Donor Advised Funds are professionally managed and maintained in The Community Foundation. The Foundation is overseen by a public board of directors that reflect their community. The organization conducts an audit and files Form 990 - making key financial information available to the public.
Because a public charity supervises activities and ensures that fund distributions are for legitimate charitable purposes, there is no need for a donor to establish a new organization or to seek IRS approval. The Community Foundation administers the details, freeing donors to focus on philanthropy.
The Community Foundation of Southern New Mexico has three donor advised funds:
• EL PASO ELECTRIC DONOR ADVISED FUND: This Donor Advised Fund is a permanent fund and the donor makes a recommendation annually about the use of the distributable income.
• AFRICAN AMERICAN HISTORICAL RESEARCH DONOR ADVISED FUND: This Donor Advised Fund is an expendable fund and its purpose is a project to recognize contributions of African Americans
• THE RICHARD & ANNE MARKMAN FUND: This is an expendable fund and the donor makes recommendations about the use of the fund.
