A total of $27,775,000 in grants was awarded to New Mexico State University by the New Mexico Higher Education Department earlier this year to establish four new endowment funds and increase two existing endowment funds.
The New Mexico State University Foundation, a 501(c)(3) nonprofit corporation, will invest and manage the funds in support of NMSU’s nursing, education and social work programs. All funds will be invested in the foundation's long-term investment pool and distributed annually according to its investment policy.
“These NMHED grants enable NMSU to educate and prepare nurses, social workers and educators to achieve incredible results,” said Derek Dictson, president of the NMSU Foundation. “These are programs that will serve generations of New Mexicans and give our students and faculty the support they need to impact thousands of people in our communities.”
NMHED funded the following requests made on behalf of NMSU:
- $2,500,000 for NMSU endowed nursing faculty
- $6,000,000 for NMSU endowed positions in educator preparation
- $16,500,000 for the NMSU School of Social Work True Initiative
- $2,500,000 for an endowed nursing faculty coordinator in the Doña Ana Community College Health Sciences Nursing Program at the Sunland Park Center
- $25,000 for the Esperanza/Covarrubias Endowed Helping Hands Scholarship
- $250,000 for the Papen-Aprendamos Professorship
The NMSU Foundation has been a key catalyst in seeking gifts, grants and investments to support the land grant missions of NMSU. NMSU and the foundation work hand in hand to enhance fundraising and development for all areas of NMSU.