New Mexico Community Trust
New Mexico Community Trust (NMCT) is a tax-exempt public charity based in Albuquerque, New Mexico, established to serve areas not serviced by existing community foundations across the state. The organization operates as both a fiscal agent and provider of back-office support for multiple community foundations throughout New Mexico, while also managing specific grant programs in partnership with government agencies and corporate funders.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$10.6M
-5.3% YoY
Annual Giving
$4.9M
-37.3% YoY
Grant Count
44
-21.4% YoY
Avg Grant Size
$112K
-20.1% YoY
Mission & Focus Areas
NMCT provides financial, investment, donor, and grant management services for communities across New Mexico. The organization's grant-making focuses on:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
Grantmaking
Grant Range
** $2,056 to $2,035,000
Invitation Only
** Application methods vary by program, with most opportunities being invitation-only or available through specific partnerships.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Total Assets: $10,626,169 (2024)
Annual Giving: $8,901,142 (2023)
Revenue: $16 million (2023)
Expenses: $9.68 million (2023)
Total Liabilities: $257,000 (2023)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $10,626,169 | $11,221,185 | $7,328,007 |
| Revenue | $5,200,017 | $16,029,996 | $10,280,145 |
| Expenses | $5,765,788 | $9,683,707 | $9,445,424 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $244,912 | $102,587 | $151,199 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
135 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Marisa Magallanez serves as President & CEO, noted as the first woman to hold this position.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BRIAN COLON | BOARD CHAIR | 2 | — |
| WALTER STERN | VICE CHAIR | 2 | — |
| KENNETH LEACH | TREASURER/SECRETARY | 2 | — |
| CARL ALONGI | TRUSTEE | 2 | — |
| BEVERLY BENDICKSEN | TRUSTEE | 2 | — |
| WILLIAM LANG | TRUSTEE | 2 | — |
| MARCUS MIMS | TRUSTEE | 2 | — |
| R RANDALL ROYSTER | PRESIDENT & CEO | 8 | — |
| NICHOLAS WILLIAMS | CFO | 8 | — |
| MARISA MAGALLANEZ | COO | 8 | — |
Contact Information
Website: www.nmctrust.org
Phone: 505-883-6240
Email: nick@nmctrust.org
Physical Address: 624 Tijeras Ave NW, Albuquerque, NM 87102
Mailing Address: PO Box 25266, Albuquerque, NM 87125-0266
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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