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— Who Operates the Foundation? (return to top) |
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The Foundation Board of Directors is made up of individuals from a variety of educational and professional backgrounds. They volunteer and serve without any form of compensation. The Board nominates and elects members to serve on committees that govern the Foundation. These committees include Executive Committee, Investment Committee, Audit Committee and Membership and Elections Committee. |
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— How does the Foundation invest the support received?- How we help (return to top) |
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The Foundation Investment Committee is comprised of members with expertise in banking and finance. They are responsible for determining the most favorable manner to invest and manage both the NMSU and NMSU Foundation endowment funds. The Investment Committee is responsible for the Foundation's investment portfolio. This Investment Committee seeks to maintain a portfolio which promotes the growth of the fund's principal while protecting against inflation.
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— What is the Advancement Office? (return to top) |
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The Advancement Office, in conjunction with the NMSU Foundation, Inc., leads the private fund raising effort at New Mexico State University. Its fundraising responsibilities are in the private sector - securing funds from private foundations, corporations, individuals, alumni, and friends. Members of the Advancement staff will be happy to assist you in making a gift to New Mexico State University. They can visit with you about some of NMSU's most pressing funding needs and advise you on ways to give that will be beneficial to both you and New Mexico State. To contact the Advancement staff, please call 800.342.6678 or 575.646.1611. |
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— What is an Endowment? (return to top) |
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An endowment is a permanent gift which is held and managed by the Foundation to provide income in perpetuity. Endowments may be established for scholarships, fellowships, professorships, lectureships, library collections, athletic programs, operations of facilities, distinguished University Chairs or any purpose which benefits the New Mexico State University.
The principal is invested and a portion of the annual earnings (4-6% of the principal value) is used for purposes designated by the donor. Earnings above the expendable distributions and fees are returned to the principal of each fund in units to preserve the purchasing power of the fund over time. A minimum of $10,000 is required to establish an endowed fund. Additional gifts of any amount may be made at any time to increase the principal of the fund.
Information about the needs of each academic unit is available upon request. For information on establishing an endowment, please contact Shane Hollett at 800.342.6678 or 575.646.4043. |
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