A Private Foundation located in PORTALES, NM



Latest data derived from the private foundation e-Filings updated by the IRS

IRS Form 990 PF

R

2023 Tax Year

About this Private Foundation: 404141

This private foundation is located in Portales and provides grants for various charitable purposes focused on mutual and membership benefits. It offers college scholarships to active members of a local electric cooperative and their immediate family members. Additionally, it awards scholarships for a youth tour program to the same eligible group. The foundation aims to enhance educational opportunities and support community development through its funding initiatives. By investing in education, it contributes to the personal and professional growth of individuals within the cooperative's membership.

Foundation Profile

In the realm of charitable giving, one foundation stands out for its commitment to supporting education and community engagement. With total assets amounting to $2.0 million in the 2024 tax year, this foundation has a clear mission: to empower active members of a regional electric cooperative and their families through educational opportunities. The foundation distributed $138.7K in grants this year, reflecting its dedication to fostering academic growth within the community. The foundation focuses primarily on providing college scholarships to active members of the cooperative and their immediate family members. This initiative not only supports individual educational pursuits but also strengthens the community by investing in its future leaders. Additionally, the foundation awards scholarships for a youth tour program, further engaging young members and promoting civic awareness. Funding priorities center on mutual and membership benefits, ensuring that resources are allocated to those who contribute to the cooperative's mission. Eligibility criteria are straightforward: applicants must be active members of the cooperative or immediate family members, making the application process accessible and inclusive for those within the community. In terms of funding locations, the foundation primarily serves the Portales area, reinforcing its commitment to local development and educational access. The total expenditure for the year reached $267.0K, demonstrating a robust investment in community welfare and educational initiatives. For grant seekers, this foundation presents a valuable opportunity for financial support aimed at furthering educational aspirations. By aligning with the foundation's mission and funding priorities, applicants can tap into a resource that not only provides financial assistance but also fosters a sense of community and shared responsibility. In summary, this foundation exemplifies the essence of charitable giving, focusing on educational support for cooperative members and their families. With a clear mission and accessible funding opportunities, it stands as a beacon of hope for aspiring students in the region.
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PORTALES, NM

Summary

Assets

$2m

Distributions

$138.7k

Contributions

$266.9k

Grant Median

$

Count

0

Grant Max

$0
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Latest Tax e-Filing

2023

Published by IRS

2024

People

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# Name Title Hours / Wk Comp ($)

Charitable Activities

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Grants

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Amount

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-
Max

State

NM

City

PORTALES

Purpose

Interest

Mutual & Membership Benefit

131 results

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Grants by Interest

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Black, Indigenous, People of Color
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Grants By Location

Grants Eligibility

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Native American Tribal Organizations (Federally recognized)
Native American Tribal Organizations (other than Federally recognized tribal governments)
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Nonprofits having a 501(c)(3) status with the IRS, other than institutions of higher education
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Private institutions of higher education
Public and State controlled institutions of higher education
Small Businesses
Specialized District Governments
State Governments
Unrestricted
Nonprofit Grant Provider in PORTALES, NM with $2m in Assets