A Private Foundation located in Artesia, NM



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

IRS Form 990 PF

P

2023 Tax Year

About this Private Foundation: 406034


This private foundation, located in Artesia, provides grants for various charitable purposes, focusing on philanthropy, voluntarism, and grantmaking. It supports local nonprofits through capacity-building initiatives, including education and training. The foundation funds the design and engineering of a new recreation center to replace the outdated facility serving the community. Additionally, it contributes to a multipurpose livestock building at the fairgrounds and empowers women through networking and educational opportunities. By addressing community needs and enhancing nonprofit capabilities, the foundation fosters growth and improvement in the local area.

Foundation Profile


In the tax year 2024, a prominent private foundation based in Artesia has demonstrated its commitment to philanthropy and community development through significant charitable giving. With total assets amounting to $69.9 million USD, the foundation has allocated $3.7 million USD in grants, focusing on enhancing the local community's capacity and infrastructure. The foundation’s mission centers around empowering local organizations and fostering a culture of voluntarism and grantmaking. It prioritizes funding initiatives that bolster the capabilities of nonprofits, providing them with the necessary resources for growth and sustainability. Grant opportunities are primarily available to organizations operating within the community, with a keen interest in projects that enhance public facilities, support education, and promote community engagement. One of the foundation's notable initiatives includes funding the architectural design and engineering costs for a new multipurpose livestock building at the local fairgrounds, which aims to enrich community events and activities. Additionally, the foundation plays a vital role in capacity building for local nonprofits, offering training programs in collaboration with educational institutions to enhance the skills of staff and board members. This commitment to education ensures that organizations are well-equipped to serve the community effectively. Another significant project is the development of a new recreation center, which will replace an outdated facility that no longer meets the community's needs. This public resource will provide vital recreational opportunities for residents and is part of the foundation's broader strategy to improve local infrastructure. Moreover, the foundation actively supports initiatives focused on empowering women in the community through networking and educational opportunities, fostering a spirit of collaboration and volunteerism. Eligibility for funding typically includes nonprofit organizations that operate within the local area and align with the foundation's mission. By prioritizing projects that enhance community welfare and promote sustainable growth, the foundation continues to make a meaningful impact in Artesia and its surrounding areas. Grant seekers are encouraged to explore these opportunities to contribute to the betterment of their communities.
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Artesia, NM

Summary

Assets

$69.9m

Distributions

$3.7m

Contributions

$0

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 ($)

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State

NM

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Artesia

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Interest

Philanthropy, Voluntarism & Grantmaking Foundations

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Nonprofit Grant Provider in Artesia, NM with $69.9m in Assets