New Mexico Oil & Gas Association: Brighter Future Fund

The New Mexico Oil & Gas Association (NMOGA) is a statewide coalition of oil and natural gas stakeholders, individuals, and companies dedicated to promoting the safe and environmentally responsible development of New Mexico’s oil and natural gas resources. NMOGA has partnered with the Albuquerque Community Foundation (ACF) on a statewide grant program, the Brighter Future Fund, to ensure philanthropic funds are invested strategically in communities throughout New Mexico. The partnership is expected to grow to include future regional and statewide grant opportunities.

Grants from the Brighter Future Fund will focus on three areas: Education, Economic Opportunity, and Hunger. Within each of these areas, specific attention will be paid to the following:

1. Education (early childhood – adult):

• Programs that support STEM development and achievement
• Programs that strengthen and promote family engagement through education
• Programs that provide training, access, and/or professional development opportunities for teachers to incorporate social-emotional learning and trauma-informed learning for their students

2. Economic Opportunities:

• Programs that offer skills-based education and/or workforce training to improve economic opportunities for New Mexico residents
• Financial literacy programs so families and/or individuals can begin building financial assets
• Programs that provide small business development and entrepreneurial support to stimulate local economic growth

3. Hunger:

• Programs that provide basic food and nutritional needs, such as food banks, food pantries and free-reduced food services
• Programs that address the cross section of hunger and homelessness and/or hunger and educational success

Amount: $200,000 will be available annually with grants ranging from $5,000-$10,000.

Eligibility: Organizations must be:

• Exempt from U.S. federal income tax pursuant to section 501(c)(3) of the Internal Revenue Code and classified as a public charity under section 509(a)(1) or section 509(a)(2) of the Code
• An educational institution or governmental entity
• Located anywhere in the United States, however a local partner supporting New Mexico is required
• In compliance with the IRS Guidestar Charity Check Report, NM AttorneyGeneral’s COROS filing and the NM Secretary of State

Organizations with operating budgets of all sizes are eligible to apply, however, preference will be given to organizations with operating budgets less than $1,000,000. Audited financial statements are required if an organization has an operating budget of $500,000 or more.

Link: https://albuquerquefoundation.org/nmoga.aspx

Note: In 2020, there will be no third grant application for this opportunity in July. July grants will be determined by applications received during the January and April cycles.

This post was filed under: