New Mexico Military Institute Foundation Inc

THE MISSION OF THE NEW MEXICO MILITARY INSTITUTE FOUNDATION, INC. (FOUNDATION) IS TO CREATE, MAINTAIN AND ADMINISTER AN ENDOWMENT FUND FOR THE BENEFIT OF NEW MEXICO MILITARY INSTITUTE (NMMI) TO BE USED FOR RESEARCH, SCIENTIFIC AND LITERARY PURPOSES; FOR INCREASING THE BUILDING, EQUIPMENT AND OTHER FACILITIES OF NMMI; TO PROVIDE FOR SCHOLARSHIPS AND TO PROMOTE GENERALLY THE GROWTH, WELFARE, AND MAINTENANCE OF NMMI.

THE NMMI FOUNDATION MAINTAINS OVER 170 ENDOWED SCHOLARSHIP FUNDS AND OVER 20 ANNUAL DONOR SCHOLARSHIP FUNDS FOR THE BENEFIT OF NMMI CADETS. EARNINGS FROM THE ENDOWMENTS AND ANNUAL DONATIONS ARE PAID DIRECTLY TO NMMI TO PROVIDE SCHOLARSHIPS TO NMMI CADETS AT THE HIGH SCHOOL AND JUNIOR COLLEGE LEVEL. THE SCHOLARSHIPS HAVE VARYING CRITERIA SPECIFIED BY THE DONORS; FOR EXAMPLE SCHOLARSHIPS MAY INCLUDE MERIT-BASED AND/OR NEED-BASED REQUIREMENTS. NMMI HAS ESTABLISHED A SCHOLARSHIP COMMITTEE THAT FACILITATES THE FAIR AND IMPARTIAL GRANTING OF ALL SCHOLARSHIPS IN ACCORDANCE WITH NMMI POLICIES AND PROCEDURES AND DONOR STIPULATIONS. NMMI ESTIMATES THAT NEARLY 98% OF CADETS IN THE JUNIOR COLLEGE PROGRAM RECEIVE SOME FORM OF FINANCIAL ASSISTANCE, WHICH INCLUDES SCHOLARSHIP FUNDING. NEARLY 85% OF THE HIGH SCHOOL CADETS RECEIVE SOME SCHOLARSHIP ASSISTANCE. NMMI'S MAXIMUM CAPACITY IS ABOUT 1,000 CADETS. 379 CADETS RECEIVED SCHOLARSHIPS FROM FOUNDATION PROVIDED FUNDS IN THE 2021-2022 SCHOOL YEAR. IT IS ESTIMATED THAT 350 CADETS WILL RECEIVE SCHOLARSHIPS DURING THE 2022-2023 SCHOOL YEAR.

THE NMMI FOUNDATION MAINTAINS APPROXIMATELY 20 ENDOWMENTS WHEREBY EARNINGS ARE USED TO FUND NMMI LEADERSHIP REACTION COURSE PROGRAMS, LOW/HIGH ROPES COURSE FACILITIES AND GENERAL LEADERSHIP PROJECTS AND ACTIVITIES. THE DANIELS LEADERSHIP CENTER (DLC) SERVES GENERALLY OVER 900 CADETS EACH YEAR THROUGH USE OF STATE OF THE ART TECHNOLOGIES AND CLASSROOMS. PROGRAMS AND SERVICES ARE PROVIDED TO INTERNAL AND EXTERNAL CONSTITUENCIES AND INCLUDE THE LOW/HIGH ROPES COURSE AND THE LEADERSHIP REACTION COURSE WHICH PROVIDE LEADERSHIP CHALLENGES AND GROWTH TO BOTH CADETS AND PROFESSIONALS. THESE FACILITIES HELP BUILD SELF CONFIDENCE, TRUST AND TEAMWORK IN CHALLENGES THAT TEACH, TEST AND REINFORCE SOUND LEADERSHIP PRACTICES. THESE FACILITIES ARE USED TO TRAIN GENERALLY OVER 900 CADETS ANNUALLY WITH OVER 600 CADETS USING THE FACILITIES MULTIPLE TIMES THROUGHOUT THE SCHOOL YEAR. OVER 100 PARTICIPANTS FROM THE COMMUNITY AND OVER 500 YOUTH THROUGHOUT THE STATE USE THE FACILITIES ANNUALLY.

THE NMMI FOUNDATION MAINTAINS MORE THAN TEN ENDOWMENTS WHEREBY EARNINGS ARE USED, ALONG WITH OTHER DESIGNATED ANNUAL DONOR CONTRIBUTIONS, TO PROVIDE SUPPORT FOR CERTAIN NMMI ACADEMIC PROGRAMS. EXPENDITURES FROM THESE PROGRAMS INCLUDE SUPPORT FOR FACULTY AND CADET PROGRAMS. SUPPORT FOR FACULTY MEMBERS INCLUDES FUNDS FOR CONFERENCE ATTENDANCE, TRAINING PROGRAMS, ACADEMIC EXCELLENCE STIPENDS, PROFESSIONAL DEVELOPMENT AND RELATED TRAVEL AND LODGING. SUPPORT FOR CADETS INCLUDES FUNDS FOR ON-LINE TUTORING, ACT PROGRAMS, AUDIO BOOKS, PERIODICALS, FILMS ON DEMAND, LIBRARY BOOKS, COLLEGE FAIRS, HUMANITIES PROJECTS AND LYCEUM PROGRAMS. OTHER USES OF FUNDS INCLUDE FACULTY ENHANCEMENT SUPPORT FOR EMPLOYEES OF THE LEARNING RESOURCE CENTER, PURCHASE OF LIBRARY EQUIPMENT AND ENTREPRENEURIAL PROJECTS SUPPORT.

OTHER PROGRAM SERVICES SUPPORT WAS USED FOR NMMI CADET ACTIVITIES, ATHLETIC EQUIPMENT AND SUPPLIES, INSTITUTIONAL ADVANCEMENT, FACULTY AND STAFF PROGRAMS, RECRUITING AND ADMISSIONS PROGRAMS, ALUMNI RELATIONS SUPPORT AND CHAPLAIN PROGRAMS.