ALBUQUERQUE, N.M. — The PNM Resources Foundation has announced a three-year commitment of $2.5 million to support reducing homelessness, increasing public safety, increasing access to affordable housing and reducing carbon emissions.
The investment will be made through nonprofit grants that focus on improving key areas, the group said in a news release.
“New Mexico is a great place to be, but it is no secret that we have areas that need improving,” said Laurie Roach, PNM Resources Foundation executive director. “Supporting the efforts of nonprofits is part of our shared responsibility to better this state, and there is no time like the present to move New Mexico forward.”
The foundation believes that supporting nonprofits that make an impact in these key areas will help move the state in the right direction, according to the news release.
The foundation has awarded more than $25 million in the past seven years to nonprofits.
The group itself is a separate, nonprofit, tax-exempt corporation governed by a board of trustees made up of PNM Resources employees.
No customer funds are part of the PNM Resources Foundation endowment.