New Mexico Tech Foundation
The foundation is organized to promote and advance the interests of the New Mexico institute of mining and technology by making funds available for institutional support and scholarships.
New Mexico Tech Foundation at a glance
In short: New Mexico Tech Foundation gave $3.2M across 1 grant in 2025 (avg $3.2M), mostly in New Mexico. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $3,189,993
- +14.8% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $3,189,993
- +14.8% vs 2024
- Median grant
- $3,189,993
- Total assets
- $46,162,411
- +5.2% vs 2024
- Primary geography
- New Mexico (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who New Mexico Tech Foundation funds
How this funder distributes its grants
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $1–5M range: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How New Mexico Tech Foundation gives
- Giving held roughly steady from 2022 to 2025 (+14%). Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $1.7M (2020) to $3.3M (2023). In 2025 it made 1 grant totaling $3.2M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 1 individual scholarship Recipients not named | — | $3,189,993 |
Ready to take the next step with New Mexico Tech Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $46,162,411 | $2,694,868 | $3,574,264 | $3,189,993 | 1 | $1,319,367 |
| 2024 | $43,864,530 | $3,416,400 | $3,160,865 | $2,778,555 | 1 | $1,064,326 |
| 2023 | $41,037,147 | $5,945,035 | $3,708,912 | $3,314,728 | 1 | $808,848 |
| 2022 | $38,498,574 | $2,517,298 | $3,211,554 | $2,805,077 | 1 | $744,831 |
| 2021 | $40,798,875 | $7,982,677 | $2,609,363 | $2,320,397 | 1 | $1,073,725 |
| 2020 | $29,029,841 | $1,877,558 | $2,160,691 | $1,665,212 | 1 | $697,873 |
About New Mexico Tech Foundation
Based on IRS filings
New Mexico Tech Foundation is a public charity, based in Socorro, NM. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $46.2M in total assets. In 2025, it awarded 1 grant totaling $3.2M. Net investment income was $1.3M.
Leadership & Key People
Officers and directors from IRS filings
New Mexico Tech Foundation is led by Clinton Marrs, President since 2022 (on filings since 2020); none of the 19 officers listed in 2025 report compensation.
Officers on the 2025 filing
Clinton Marrs
President
Trustee → President, 2022
On filings since 2020
1 hr/week
No compensation reported
Colleen Foster
Executive Director
On filings since 2020
20 hrs/week
No compensation reported
Jerry A. Armijo
Trustee
Vice President → Trustee, 2022
On filings since 2020
1 hr/week
No compensation reported
Joanna Debrine
Trustee
President → Trustee, 2022
On filings since 2020
1 hr/week
No compensation reported
Raul Deju
Trustee
On filings since 2020
1 hr/week
No compensation reported
William Daily
Trustee
On filings since 2020
1 hr/week
No compensation reported
Geraldine Rivera
Trustee
On filings since 2021
1 hr/week
No compensation reported
Nelia Dunbar
Trustee
On filings since 2021
1 hr/week
No compensation reported
Raven Goswick
Trustee
On filings since 2021
1 hr/week
No compensation reported
Lisa Noell
Trustee
On filings since 2022
1 hr/week
No compensation reported
Richard Cervantes
Trustee
On filings since 2023
1 hr/week
No compensation reported
Cindy Ardito
Trustee
On filings since 2024
1 hr/week
No compensation reported
Mahyar Amouzegar
Trustee
On filings since 2024
1.5 hrs/week
No compensation reported
Deborah Corey
Trustee
New on the 2025 filing
1 hr/week
No compensation reported
Delilah Walsh
Trustee
New on the 2025 filing
1 hr/week
No compensation reported
Earl Debrine
Trustee
New on the 2025 filing
1 hr/week
No compensation reported
Kip Purcell
Trustee
New on the 2025 filing
1 hr/week
No compensation reported
Borden Putnam III
Secretary & Treasurer
Trustee → Treasurer & Secretary, 2022
On filings since 2020
1 hr/week
No compensation reported
Jeffrey Corey
Vice President
Treasurer & Secretary → Vice President, 2022
On filings since 2020
1 hr/week
No compensation reported
Former officers (8)
- Former: Daniel Lopez (2023–2024) — Trustee
- Former: Cleve McDaniel (2020–2023) — Trustee
- Former: Stephen Wells (2020–2023) — Trustee
- Former: M. Pat Miller (2021–2022) — Trustee
- Former: Matthew Silva (2021–2022) — Trustee
- Former: Wd Peterson (2020–2021) — Trustee
- Former: James Reist Assistant (2021) — Secretary
- Former: James Reist (2020) — Assistant Secretary
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about New Mexico Tech Foundation
How much does New Mexico Tech Foundation give each year?
New Mexico Tech Foundation gave $3.2M across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $2.8M across 1 grant.
How large is New Mexico Tech Foundation?
New Mexico Tech Foundation reported $46.2M in total assets on its 2025 IRS Form 990. Its revenue that year was $2.7M.
Where does New Mexico Tech Foundation operate?
New Mexico Tech Foundation has awarded grants in New Mexico.
What is New Mexico Tech Foundation's EIN?
New Mexico Tech Foundation's EIN (Employer Identification Number) is 85-0194323. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS April 26, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS April 25, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS March 16, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS April 24, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 12, 2025)
- Updated Form 990 for fiscal year 2025 (received by the IRS April 22, 2026)
- IRS filings on file for fiscal years 2020–2025
Other open foundation grants in New Mexico
New Mexico Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in New Mexico Tech Foundation's focus areas in our free grants database
Similar Funders
Similar funders in New Mexico
Dreamspring
Albuquerque, NM
DreamSpring primarily provides loans, training, and business support to underserved entrepreneurs and small businesses, rather than grants; recent filings report no grants, though a 2020 grant of $15,000 is recorded. It serves entrepreneurs in 27 states, and no typical grant size or process for unsolicited grant requests is stated.
Assets
$66.4M
Grants
356
Total Given
$4.8M
Santa Fe Community Foundation
Santa Fe, NM
The Santa Fe Community Foundation funds 501(c)(3) nonprofits working in health, education, economic opportunity, the environment, arts and culture, and other community priorities; its main focus is Mora, Rio Arriba, San Miguel, and Santa Fe counties, though some funds support work statewide. In 2024, grants ranged from $5,250 to $1,517,500, with a median of $16,006. It accepts proposals through competitive grant cycles and fund-specific opportunities; no grants were open at the time described.
Assets
$144.1M
Grants
302
Total Given
$12.4M
Albuquerque Community Foundation
Albuquerque, NM
The Albuquerque Community Foundation funds nonprofit work in health care, human services, arts and culture, education, environment and historic preservation, and economic and workforce development, serving Bernalillo, Sandoval, Torrance, and Valencia counties. Its 2024 grants had a median of $16,000 and ranged from $5,200 to $663,352; its annual grant cycle has a minimum award of $10,000.
Assets
$160.6M
Grants
245
Total Given
$6.9M
PNM TNMP Foundation
Albuquerque, NM
The PNM TNMP Foundation supports nonprofits working in education, environmental stewardship, and economic vitality, with grants also benefiting a range of community services. It funds organizations in New Mexico and Texas; 2024 grants ranged from $500 to $75,000, with a median grant of $5,000. Its website provides an application for the 2026 PNM Power Grant, but the profile does not explicitly state whether it accepts unsolicited requests.
Assets
$14.2M
Grants
169
Total Given
$1.3M
JF Maddox Foundation
Hobbs, NM
The JF Maddox Foundation funds education, community development, and social services projects that benefit residents of Lea County, New Mexico, including work by public charities and government entities. Grants vary widely; its 2024 filing shows a median award of $5,000, and it accepts unsolicited requests through an online application.
Assets
$247.3M
Grants
159
Total Given
$4.2M
Thornburg Foundation
Santa Fe, NM
The Thornburg Foundation supports New Mexico nonprofits working on education, water, land and agriculture, good governance, federal funding, homelessness, and community needs. In 2024, grants ranged from $1,000 to $225,000, with a median of $25,000; most funding went to New Mexico. It does not accept unsolicited requests and funds preselected organizations.
Assets
$179.4M
Grants
144
Total Given
$6.4M
More similar funders
More Funders in New Mexico
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from New Mexico Tech Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
New Mexico Tech Foundation down — hundreds of funders to go?