New Mexico Tech Foundation

SOCORRO, NM EIN: 85-0194323

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.

Financial Overview

From 2024 IRS Form 990-PF

Total Assets

$43.9M

+6.9% YoY

Annual Giving

$2.8M

-16.2% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$2.8M

-16.2% YoY

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Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$2M$4M$7M$9M20202021202220232024
Metric202420232022
Total Assets$43,864,530$41,037,147$38,498,574
Revenue$3,416,400$5,945,035$2,517,298
Expenses$3,160,865$3,708,912$3,211,554
Qualifying Distributions
Net Investment Income$1,064,326$808,848$744,831
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$829K$2M$2M$3M1 grants20201 grants20211 grants20221 grants20231 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

NEW MEXICO INSTITUTE OF …$2.8M

Grant Size Distribution

5 grants across all recorded years

<$50K$50–100K$100–250K$250–500K$500K–1M5$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Who else does New Mexico Tech Foundation fund?

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Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
DR NELIA DUNBARTRUSTEE1
CLINTON MARRSPRESIDENT1
JEFFREY COREYVICE PRESIDENT1
BORDEN PUTNAM IIITREASURER/SECRETARY1
DR MAHYAR AMOUZEGARTRUSTEE1.5
CINDY ARDITOTRUSTEE1
JERRY A ARMIJOTRUSTEE1
RICHARD CERVANTESTRUSTEE1.5
WILLIAM DAILYTRUSTEE1
JOANNA DEBRINETRUSTEE1
DR RAUL DEJUTRUSTEE1
RAVEN GOSWICKTRUSTEE1
DR DANIEL LOPEZTRUSTEE (THROUGH APRIL 2024)1
LISA NOELLTRUSTEE1
GERALDINE RIVERATRUSTEE1
COLLEEN FOSTEREXECUTIVE DIRECTOR20

Geographic Focus

Where this funder has awarded grants

Grant Distribution by State

1states

States

Cities

Socorro

Data last updated March 2026. Sourced from IRS Form 990-PF filings.

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