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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$3.1M
+22.1% YoY
Grant Count
25
+13.6% YoY
Avg Grant Size
$125K
+7.5% 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
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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
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 | 2024 | 2023 | 2022 |
|---|---|---|---|
| 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 2024
Grant Size Distribution
80 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
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 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Peyton Yates | President | 20 | — |
| Hanson Yates | Vice President | 1 | — |
| Sandra Borges | Sec/Treas/Executive Director | 40 | $120,873 |
| Nancy Stall | Chief Financial Officer | 40 | $117,005 |
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
Related Funders
Similar funders by location and focus area
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—
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Total Given
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Future Focused Education
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Total Given
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Las Cruces Lodge No 2081 Loyal Order of Moose
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Assets
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Total Given
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Healthcare Trusted Voice Inc
SANTA FE, NM
Assets
—
Grants
0
Total Given
—
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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