PNM Resources Foundation
/OVERVIEW: The PNM Resources Foundation is a corporate funder that serves New Mexico communities in the areas of education, environment, and economic vitality.
FUNDING AREAS: Education, environmental awareness and education, economic vitality
IP TAKE: PNM clearly spells out grant guidelines and posts opportunities on its website. Nonprofits that work in education or economic development should plan to attend an upcoming PNM grant webinar.
PROFILE: Established in 1983, the PNM Resources Foundation is the grantmaking arm of the PNM Resources energy company, which is headquartered in Albuquerque, New Mexico. This company has been serving the residents of New Mexico since 1917, and its foundation serves New Mexico communities too. PNM shareholders established the foundation to improve the quality of life in the state by supporting local nonprofits. Grantmaking interests include education, environmental awareness and education, economic vitality, and employee engagement.
Combined, the foundation and company give out over $3 million each year to community organizations. PNM also utilizes the efforts of employee volunteers and supports educational programs to develop local talent. Learn more about PNM Community Crew volunteers here. The company recognizes employees through Volunteer Excellence Awards and $1,000 donations made in their names to nominated nonprofits. Recent education efforts include the PNM Pop-up Pavilion, created from shipping containers, and the UNM-PNM Statewide High School Mathematics Contest.
To celebrate the 100th anniversary of PNM, the company announced New Century of Service grants to New Mexico nonprofits, totaling $750,000. PNM has also awarded Reduce Your Use grants of up to $5,000 to help nonprofits put energy-saving ideas into action. PNM Power Up Grants have gone to community nonprofits working to revitalize neighborhoods, create green spaces, or improve other public spaces. A total of $500,000 was awarded for these grants in a recent year. Other funding opportunities include matching grants and volunteer grants. For its second century of operation, PNM has been seeking to support organizations that offer innovative and new services to grow businesses and that create public-use collaborative community spaces. Economic development work in New Mexico is also an interest. Support has gone to the Adelante Development Center and Cultivating Coders.
Overall, foundation grants tend to be between $10,000 and $100,000. View lists of past grantees on the funder’s website. Only New Mexico nonprofits should apply for PNM grants, and groups should utilize PNM volunteers when possible. In terms of economic development, PNM has been interested in arts and culture in Santa Fe, outdoor recreation in Ruidoso and Lincoln counties, and other opportunities in Clayton, Alamogordo, Tularosa, and Silver City.
This corporate foundation accepts unsolicited grant requests from local nonprofits. Typically, when a new grant opportunity opens up, PNM hosts an information session or webinar for grant seekers. Direct general questions to the staff at Community@pnm.com, and the general phone number for the company is 888-342-5766.
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