PY Foundation
PY Foundation is a private foundation based in Artesia, New Mexico. Its 2025 giving was concentrated in New Mexico and included major construction grants, support for education and health-related programs, and funding for local organizations and public services.
PY Foundation at a glance
In short: PY Foundation gave $13.1M across 25 grants in 2025 (avg $524K), mostly in New Mexico. 29% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $13,094,941
- +319.9% vs 2024
- Grants made (2025)
- 25
- +0.0% vs 2024
- Average grant
- $523,798
- +319.9% vs 2024
- Median grant
- $25,000
- Total assets
- $42,683,260
- -20.1% vs 2024
- New grantees (estimate)
- 29% first-time grantees (6 of 21, 2025; small sample)
- Primary geography
- New Mexico (99% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to PY Foundation
- Accepts unsolicited proposals
- No
- Contact
Mailing address: PO Box 1020, Artesia, NM 88211-1020
Phone: (575) 736-6702
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who PY Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Artesia Recreation Center Foundation ($5.9M). Together the top 10 received $12.9M.
Grant Size Distribution
96 grants across all recorded years
The most common grant size was under $50K: 49 grants of 96 (51%).
Geographic Focus
Where this funder awards grants
In 2025, 99% of grant dollars went to recipients in New Mexico and 1% to recipients in Texas. The listed grants included recipients in Artesia, Carlsbad, Las Cruces, Hagerman, and San Angelo.
Grant Distribution by State
Share of 2025 grant dollars across all 25 itemized grants.
States
Cities
Is PY Foundation open to new grantees?
29%
first-time grantees, 2025
In 2025, 6 of 21 grantees (29%) were first-time recipients. With only 21 grantees, that is a small sample: one grantee more or less moves the share by about 5 points. First grants averaged $46K; repeat grants $855K. How we count
Medians: $25K first-time, $100K repeat.
- 57% of 2025 grantees were also funded in 2024. Method
- Giving grew 379% from 2022 to 2025. Method
- In 2025 it paid out 450% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $2.6M (2023) to $13.1M (2025). In 2025 it made 25 grants totaling $13.1M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Artesia Recreation Center Foundation Artesia, NM | Construction | $5,900,000 |
| Eddy County Fair Association Carlsbad, NM | Construction | $3,800,000 |
| SW Foundation for Osteopathic Las Cruces, NM | Scholarship & SENM Dr incentive program | $1,675,000 |
| Greater Artesia Foundation Artesia, NM | Barrier systems for City of Artesia Police dept | $404,996 |
| City of Artesia Artesia, NM | First Responders Retention Bonuses | $399,000 |
| Artesia Public Schools Artesia, NM | Science Curriculum Enhancement | $211,820 |
| West Texas Counseling & Guidance Inc San Angelo, TX | Eddy County Programming | $180,000 |
| Artesia Classical Academy Inc Artesia, NM | Operating grant | $100,000 |
| Artesia MainStreet Inc Artesia, NM | Operating Grant | $100,000 |
| Haven of Hope Inc Artesia, NM | Operating | $100,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $42,683,260 | $5,020,535 | $15,783,557 | $13,094,941 | 25 | $15,204,692 | $4,507,395 | $3,379,988 |
| 2024 | $53,446,282 | $2,732,152 | $5,244,344 | $3,118,459 | 25 | $4,737,604 | $2,274,124 | $3,446,484 |
| 2023 | $55,958,474 | $3,077,926 | $4,261,276 | $2,553,515 | 22 | $3,723,830 | $2,579,803 | $3,392,381 |
| 2022 | $57,141,824 | $4,378,090 | $3,891,633 | $2,735,461 | 15 | $3,441,143 | $3,973,966 | $3,587,636 |
| 2021 | $56,655,367 | $3,921,217 | $7,666,476 | $6,269,648 | 9 | — | $3,503,942 | $3,777,791 |
| 2020 | $60,400,626 | $1,216,151 | $6,103,703 | $4,951,832 | 9 | — | $813,519 | $3,315,079 |
| 2019 | $65,288,178 | $1,997,794 | $4,242,915 | $3,517,491 | 15 | — | $1,648,027 | $3,672,978 |
Under IRS private-foundation payout rules, PY Foundation reported a distributable amount of $3.4M for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
No mission statement is provided in the available information. The foundation’s grants show support for construction, scholarships and an incentive program, public services, education, and nonprofit operations. Its 2023 filing describes support for design and engineering for a public recreation center in Artesia and pre-construction costs for a livestock building at the Eddy County Fairgrounds. It also reports providing nonprofit staff and board training, website design, bookkeeping, tax-filing assistance, and a contract employee for Artesia MainStreet.
Among the organizations it supported in 2025, Eddy County Fair Association describes its mission as promoting and educating the community about agriculture and related subjects, primarily through exhibits and competitions at the county fair. Artesia MainStreet says it works to foster preservation and economic development in historic downtown Artesia. Haven of Hope says it provides housing, mentoring, financial planning, and community-resource access for single mothers and their children.
Grantmaking
In 2025, PY Foundation made 25 grants totaling $13,094,941. Grant amounts ranged from $1,275 to $5,900,000, with a median of $25,000.
The largest grants included $5,900,000 to Artesia Recreation Center Foundation for construction and $3,800,000 to Eddy County Fair Association for construction. Other substantial awards included $1,675,000 to SW Foundation for Osteopathic for scholarships and the SENM Dr incentive program; $404,996 to Greater Artesia Foundation for barrier systems for the City of Artesia Police Department; and $399,000 to the City of Artesia for first-responder retention bonuses. Artesia Public Schools received $211,820 for science curriculum enhancement, and West Texas Counseling & Guidance received $180,000 for Eddy County programming.
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Peyton Yates as president, Hanson Yates as vice president, Sandra Borges as secretary/treasurer and executive director, and Nancy Stall as chief financial officer.
PY Foundation is led by Sandra Borges, Secretary, Treasurer & Executive Director on every filing since 2022; 2 of 4 officers listed in 2025 are compensated.
Officers on the 2025 filing
Sandra Borges
Secretary, Treasurer & Executive Director
On filings since 2022
40 hrs/week
$106K (2022) → $125K (2025)
Peyton Yates
President
On filings since 2019
20 hrs/week
No compensation reported
Nancy Stall
Chief Financial Officer
On filings since 2022
40 hrs/week
$103K (2022) → $121K (2025)
Hanson Yates
Vice President
On filings since 2019
1 hr/week
No compensation reported
Former officers (1)
- Former: Pam Horner (2019–2022) — Secretary, Treasurer & Accountant
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $125K, to Sandra Borges (Sec/Treas/Executive Director). 2 officers or directors reported compensation on that filing.
Frequently asked questions about PY Foundation
How much does PY Foundation give each year?
PY Foundation gave $13.1M across 25 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $3.1M across 25 grants.
What is PY Foundation's typical grant size?
PY Foundation's median grant in 2025 was $25,000, and its average grant was $523,798, across 25 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from PY Foundation that year got $46K on average.
Where does PY Foundation give grants?
PY Foundation gives mostly in New Mexico: 99% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Artesia, NM (14 grants), Carlsbad, NM (3 grants) and San Angelo, TX (2 grants).
Does PY Foundation give general operating support?
Yes: 16% of PY Foundation's 2025 grants with a stated purpose (4 of 25) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are PY Foundation's largest grantees?
PY Foundation's largest 2025 grantees include Artesia Recreation Center Foundation ($5,900,000), Eddy County Fair Association ($3,800,000) and SW Foundation for Osteopathic ($1,675,000), according to its 2025 IRS Form 990-PF. Together they received 87% of its itemized 2025 grant dollars.
How large is PY Foundation?
PY Foundation reported $42.7M in total assets on its 2025 IRS Form 990-PF. It paid out $15.2M in qualifying distributions that year, against a required minimum of $3.4M (roughly 5% of its investment assets).
What does PY Foundation fund?
No mission statement is provided in the available information. The foundation’s grants show support for construction, scholarships and an incentive program, public services, education, and nonprofit operations. See mission & focus areas ↑
How do I apply for a grant from PY Foundation?
PY Foundation does not accept unsolicited proposals, according to Grantable's research on its published guidelines.
What is PY Foundation's EIN?
PY Foundation's EIN (Employer Identification Number) is 46-0951214. IRS Form 990 filing data is available on this page for 2019–2025.
Does PY Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS August 7, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS February 9, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS December 16, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 27, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 5, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 16, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 12, 2026)
- IRS filings on file for fiscal years 2019–2025
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Assets
—
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16
Total Given
$5.1M
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Cite this profile
Grantable. (2026). PY Foundation funder profile. GrantGraph. Retrieved October 15, 2026, from https://grantable.co/funders/py-foundation-morg_72bdecb30b344700b5bda7b67aa0bd1a
BibTeX
@misc{grantable_460951214_2026,
author = {{Grantable}},
title = {{PY Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/py-foundation-morg_72bdecb30b344700b5bda7b67aa0bd1a},
note = {Accessed 2026-10-15. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from PY 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.
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