FINANCIALS

ENDOWMENT POWER

The NMSU Foundation manages gifts of all types and sizes, with a focus on major gift endowments. We invest these gifts and disburse part of the investment earnings for the purposes donors designate. In this way, endowments remain forever, benefiting NMSU students, faculty and programs for generations.

YEAR-END FINANCIAL SNAPSHOT

$
235900000

Endowment Value (as of 6-30-21)

$
274400000

Net Assets (as of 6-30-21)

$
15540000

2020-2021 Fundraising Goal

$
26500000

2020-2021 Funds Raised Year to Date

OUR ACCOUNTABILITY

Numerous checks and balances exist to ensure the integrity of the Foundation’s financial procedures:

Board of Directors

Our Board of Director members include alumni and distinguished partners, each with extensive business experience. These individuals are eligible to serve three consecutive three-year terms, during which they determine our investment and fundraising policies and approve our annual budget.

NMSU Foundation Board of Directors

External Audits

An external auditor annually audits the Foundation. We publish our financial statements in our annual report and provide complete copies to the public on request.

Gift Administration

Donor-restricted funds are administered and made available by the NMSU Foundation. We provide various weekly, monthly and annual reports of gift account activity to facilitate the appropriate use of funds.

Partnership with the University

To ensure the Foundation focuses on the university’s funding priorities, we maintain an open line of communication with the NMSU Chancellor and President, as well as the deans of the colleges.