Pnm Tnmp Foundation

ALBUQUERQUE, NM EIN: 85-0309005

The PNM TNMP Foundation (formerly known as the PNM Resources Foundation) is a private foundation established in 1983 and located in Albuquerque, New Mexico. The foundation is an employee-led organization that operates through trust-based philanthropy, partnering with mission-aligned nonprofits across New Mexico and Texas. The foundation is affiliated with PNM Resources, Inc., which operates two utilities: Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP).

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$14.2M

-5.2% YoY

Annual Giving

$1.3M

-3.9% YoY

Grant Count

169

+4.3% YoY

Avg Grant Size

$8K

-7.8% YoY

Under IRS private-foundation payout rules, Pnm Tnmp Foundation reported a distributable amount of $812K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

Mission Statement: The foundation supports programs designed to promote education, the environment, and economic vitality.

Primary Focus Areas:

Increasing access to affordable housing
Reducing homelessness
Increasing community safety
Reducing carbon emissions
Supporting education growth throughout New Mexico and areas within Texas
Energy efficiency and renewable energy initiatives

Grantmaking

1. **Employee Matching Gifts**

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Geographic Focus

Where this funder awards grants

The foundation provides funding to nonprofits and institutions in:

New Mexico (primary focus)
Texas (secondary focus, particularly areas served by TNMP)

Grant Distribution by State

New Mexico $1.9M (90%)

Texas $169K (8%)

California $13K (1%)

New Hampshire $10K (0%)

Virginia $10K (0%)

Indiana $8K (0%)

Massachusetts $2K (0%)

+3 more states

States

California Indiana Massachusetts New Hampshire New Mexico New York Ohio Pennsylvania Texas Virginia Washington

Cities

AlamogordoAlbuquerqueAlexandriaAlvinAngletonArenas ValleyArlingtonAubreyAztecBelenBellinghamBernalilloBlumBrazoriaCliftonCluteCochiti PuebloCorralesCovingtonCrawford

Financial History

Multi-year comparison from IRS filings

As of 2024:

Total Assets: $14,209,517
Total Revenues: $589,371
Total Expenses: $1,383,588
Number of Employees: 0

IRS Filing: The organization is required to file IRS Form 990-PF.

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$14,209,517	$14,983,568	$15,777,160
Revenue	$589,371	$602,607	$81,810
Expenses	$1,383,588	$1,401,200	$1,403,735
Qualifying Distributions	$1,332,210	$1,349,665	$1,362,062
Net Investment Income	$546,916	$563,425	$412,135
Distributable Amount	$812,117	$750,658	$828,734

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

250 grants across all recorded years

Open Grants

2 open opportunities from Pnm Tnmp Foundation

Foundation

Non-traditional Education Pathway Grant

PNM TNMP FOUNDATION

Amount

Up to US $400,000

Deadline

Rolling / Open

Foundation

PNM Reduce Your Use Grants

PNM TNMP FOUNDATION

Amount

Approximately US $5,000

Deadline

Rolling / Open

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Albuquerque Sign Language Academy ($15,000), Deming Luna County Econ Development Corp ($15,000), Encuentro ($15,000).

Recipient	Purpose	Amount
PETROLIA VFD PETROLIA, CA	TNMP POWER UP GRANTS	$7,500
516 ARTS ALBUQUERQUE, NM	PATHWAYS TO EDUCATION GRANTS	$10,000
ABRAZOS FAMILY SUPPORT SERVICES BERNALILLO, NM	PATHWAYS TO EDUCATION GRANTS	$10,000
ALBUQUERQUE MEALS ON WHEELS INC ALBUQUERQUE, NM	PATHWAYS TO EDUCATION GRANTS	$10,000
ALBUQUERQUE READS ALBUQUERQUE, NM	PATHWAYS TO EDUCATION GRANTS	$10,000
ALBUQUERQUE SIGN LANGUAGE ACADEMY ALBUQUERQUE, NM	PATHWAYS TO EDUCATION GRANTS	$15,000
CASA DE SALUD ALBUQUERQUE, NM	PATHWAYS TO EDUCATION GRANTS	$10,000
CENTER FOR SOUTHWEST CULTURE ALBUQUERQUE, NM	PATHWAYS TO EDUCATION GRANTS	$10,000
COLLEGE AND CAREER PLAZA SANTA FE, NM	PATHWAYS TO EDUCATION GRANTS	$10,000
DEMING LUNA COUNTY ECON DEVELOPMENT CORP ALBUQUERQUE, NM	PATHWAYS TO EDUCATION GRANTS	$15,000

Leadership & Key People

Leadership team and compensation from IRS filings

Laurie Roach - Executive Director

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
LISA GOODMAN	PAST PRESIDENT	1	—
CATHY NEWBY	VICE PRESIDENT	1	—
ERNIE RODARTE	SECRETARY/TREASURER	1	—
AIDAN GALLEGOS	TRUSTEE	1	—
ANGEL VELASQUEZ	TRUSTEE	1	—
KEITH NIX	TRUSTEE	1	—
STACEY GOODWIN	PRESIDENT	1	—
KRISTIN MCLOUGHLIN	TRUSTEE	1	—

Recent News & Activity

Recent developments and announcements

The foundation has been actively distributing grants to support its mission areas. Recent initiatives include:

PNM Resources Foundation Grants $220,500

Awarding grants to 48 New Mexico nonprofits through the Reduce Your Use Grants program

PNM Resources Foundation Grants $220,500

Supporting 42 New Mexico nonprofits through various foundation programs

PNM Reduce Your Use Grants awarded to 48 New Mexico nonprofits

Distributing grants of $220,500 to support community initiatives

PNM Resources Foundation Grants $220,500

The foundation rebranded from "PNM Resources Foundation" to "PNM TNMP Foundation" to reflect the consolidated business profile of its parent company and the growing presence of TNMP in Texas alongside PNM's operations in New Mexico.

PNM Resources Foundation Grants $220,500

Frequently Asked Questions

What does Pnm Tnmp Foundation fund?

**Mission Statement:** The foundation supports programs designed to promote education, the environment, and economic vitality. **Primary Focus Areas:** • Increasing access to affordable housing • Reducing homelessness • Increasing community safety • Reducing carbon emissions • Supporting education growth throughout New Mexico and areas within Texas • Energy efficiency and renewable energy initiatives

How do I apply for a grant from Pnm Tnmp Foundation?

**Grant Programs:** 1. **Employee Matching Gifts** • Matches contributions made by employees and retirees of PNM to nonprofit organizations in New Mexico and institutions of higher education • One-for-one matching basis • Range: $25 to $1,000 per contributor, per year 2. **Volunteer Grants** • $100 grants to nonprofits where employees or retirees volunteer at least 12 hours per year • $200 grants to nonprofits where employees or retirees volunteer at least 25 hours per year • $500 grants to non…

Where does Pnm Tnmp Foundation make grants?

The foundation provides funding to nonprofits and institutions in: • New Mexico (primary focus) • Texas (secondary focus, particularly areas served by TNMP)

What size grants does Pnm Tnmp Foundation award?

In 2024, Pnm Tnmp Foundation awarded 169 grants totaling $1.3M — an average of about $8K per grant, based on its IRS Form 990 filings.

How much is Pnm Tnmp Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Pnm Tnmp Foundation reported a distributable amount of $812K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.