PNM Foundation awards $57K in grants to nonprofit programs
New Mexico Business Weekly
August 30, 2002
The non-profit, shareholder-funded PNM Foundation has awarded $57,500 to seven New Mexico organizations for its second grant period of 2002.
The PNM Foundation is a separate, nonprofit, tax-exempt corporation that is funded by shareholders of the Public Service Company of New Mexico (NYSE: PNM).
Sweet Bird Classics of Albuquerque will receive $6,000 to help provide music education to as many as 60,000 to children through its Boombox Classroom project, which makes music education available via the radio and the Internet.
The foundation awarded a $5,000 grant to the Albuquerque Resource Center to develop a classroom presentation aimed at reducing teen dating violence. The program teaches students skills they need to develop healthy, non-violent relationships.
Other recipients include: The Adoption Exchange ($5,000); Junior Achievement of New Mexico ($18,000-three-year grant); and Narconon Rio Grande Inc. ($7,500).
The PNM Foundation was formed in 1983, and has granted more than $4 million to IRS-qualified, non-profit organizations; it is governed by a board of trustees, elected from current PNM employees and directors.