PY Foundation
PY Foundation is a private family foundation located in Artesia, New Mexico. As a place-based funder, the foundation is primarily dedicated to strategic investments in its local community and surrounding rural areas. The foundation operates with a philosophy of "going our own way and inspiring others to do the same," focusing on initiatives that drive positive transformation and revitalization in Southeast New Mexico.
Key facts about PY Foundation
- EIN
- 46-0951214
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $13,094,941
- Grants made (2025)
- 25
- Average grant
- $523,798
- Median grant
- $25,000
- Primary geography
- New Mexico (99% of itemized 2025 grant dollars)
- How to apply
- The foundation encourages potential grantees to reach out directly or submit a letter of inquiry to streamline the proposal process.
Data from IRS Form 990-PF, 2025; updated September 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who PY Foundation funds
By grant dollars, the top recipient states for PY Foundation's 25 itemized 2025 grants were New Mexico (99%). The most frequent recipient cities were Artesia, NM (14 grants), Carlsbad, NM (3 grants) and San Angelo, TX (2 grants). 16% of grants with a stated purpose were for general or operating support.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$13.1M
+319.9% YoY
Grant Count
25
+0.0% YoY
Avg Grant Size
$524K
+319.9% YoY
Mission & Focus Areas
Mission: PY Foundation's mission is to nurture a resilient and flourishing Artesia Community by investing in Education, Health & Human Services, Art & Culture, and Community Development, believing that the success realized in these sectors will inspire and drive the revitalization of rural areas and communities throughout Southeast New Mexico.
Vision: The foundation envisions a future that is both brighter and economically robust for the entire communities of Artesia, Eddy County, and Southeast New Mexico.
Core Values:
- Freedom: Exercising the freedom to explore opportunities without being bound by bureaucracy; offering people the opportunity to learn and succeed
- Integrity: Maintaining honesty and high principles in everything the foundation and grantees do; supporting strong leaders who demonstrate those same principles
- Innovation: Being willing to take reasonable risks that support new and creative approaches; seizing opportunities as they arise, and celebrating the learning that comes from successes and failures
- Courage: Taking a stand on beliefs, and being willing to bravely break from the norm when called for
- Responsibility: Accepting and acting on the responsibility to support personal and economic growth in the populations served
Funding Focus Areas:
- Education
- Health & Human Services
- Art & Culture
- Community Development
Grantmaking
Grants are exclusively awarded to organizations meeting the tax-exempt criteria outlined in Section 501(c)(3) of the Internal Revenue Code.
How to Apply
**
Ready to take the next step with PY Foundation?
Geographic Focus
Where this funder awards grants
PY Foundation's geographic focus is limited to:
- Artesia, NM
- Eddy County
- Pecos Valley communities of Dexter, Hagerman, and Lake Arthur
Grants are not made to organizations outside the foundation's geographic focus area.
Grant Distribution by State
Share of all 25 itemized 2025 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year 2024:
- Total Assets: $53.4 million
- Total Revenue: $2.73 million
- Total Expenses: $5.24 million
- Total Liabilities: $0
Tax Status:
- 501(c)(3) organization
- Tax-exempt since October 2014
- EIN: 46-0951214
- Donations are tax-deductible
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| 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 2025
Grant Size Distribution
96 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest recipients include Artesia Recreation Center Foundation ($5,900,000), Eddy County Fair Association ($3,800,000), SW Foundation for Osteopathic ($1,675,000).
| 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 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Peyton Yates – President
- Hanson Yates – Vice President
- Sandra Borges – Secretary/Treasurer/Executive Director
- Nancy Stall – Chief Financial Officer
- Destiny Rojo – Program Officer
- Valerie Moreno – Accountant
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Peyton Yates | President | 20 | — |
| Hanson Yates | Vice President | 1 | — |
| Sandra Borges | Sec/Treas/Executive Director | 40 | $125,260 |
| Nancy Stall | Chief Financial Officer | 40 | $121,252 |
Recent Activity
Recent developments and announcements
The foundation has been actively engaged in major community development projects, including:
Design and engineering support for an Artesia Recreation Center Foundation project to construct a new public recreation facility to replace the city's current recreation center built in 1980
Support for a multipurpose livestock building at the Eddy County Fairgrounds, including architectural design, engineering, and pre-construction services
Capacity building initiatives for local nonprofits
Various scholarship funds and operating grants to community organizations
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does PY Foundation fund?
**Mission:** PY Foundation's mission is to nurture a resilient and flourishing Artesia Community by investing in Education, Health & Human Services, Art & Culture, and Community Development, believing that the success realized in these sectors will inspire and drive the revitalization of rural areas and communities throughout Southeast New Mexico. **Vision:** The foundation envisions a future that is both brighter and economically robust for the entire communities of Artesia, Eddy County, and S…
How do I apply for a grant from PY Foundation?
**Grant Activity:** • The foundation made nine grants in the most recent fiscal year • Grant median: $21,000 • Grant maximum: $800,000 • Recent documented grant: $10,000 to City of Artesia for Senior Center Renovation (2023) **Eligible Organizations:** Grants are exclusively awarded to organizations meeting the tax-exempt criteria outlined in Section 501(c)(3) of the Internal Revenue Code. **Exclusions:** The foundation does not make grants for the following purposes: • Political campaigns, eve…
Where does PY Foundation make grants?
PY Foundation's geographic focus is limited to: • Artesia, NM • Eddy County • Pecos Valley communities of Dexter, Hagerman, and Lake Arthur Grants are not made to organizations outside the foundation's geographic focus area.
What size grants does PY Foundation award?
In 2025, PY Foundation awarded 25 grants totaling $13.1M — an average of about $524K per grant, based on its IRS Form 990 filings.
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.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.