News Release

April 24, 2007

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NEWS MEDIA CONTACT Susan Sponar Telephone: (505) 241-2768

PNM Fund Has More Than $ 230,000 in Partnership Grants Available For New Mexico Nonprofits

Albuquerque: The PNM Fund has more than $230,000 in partnership grants available this year for nonprofit organizations to make education, environmental and economic vitality programs and projects possible.

“If you have a program that can help solve a problem and change lives for the better, we want to be your partner and give you the resources you need,” said Diane Harrison Ogawa, PNM Resources Foundation executive director.

Since it was established in 1983, the PNM Fund has donated over $5 million to help create or maintain essential community programs. The fund focuses broadly on education programs such as adult literacy, adult training and retraining or programs that improve graduation rates; environmental education programs including land restoration, conservation and biodiversity; and economic vitality projects that address critical social issues or create cultural attractions.

Thirty-four programs across the state received grants in 2006. Funded programs ranged from a land restoration project to keep sediment out of the Santa Fe River to a mentoring program for children in the Navajo communities of Nenahnazad, Shiprock, Ojo Amarillo and Newcomb. Agencies that provide assistance statewide such as the Ronald McDonald House in Albuquerque, the Santa Fe-based New Mexico Coalition for Literacy and Think New Mexico also received grants.

“The PNM Partnership Grants are an important way that we can build a better New Mexico,” said Ogawa.

Registered 501(c)(3) nonprofits that provide direct services to communities served by PNM are eligible to apply. The minimum grant considered by the PNM Fund is $5,000. Applications must be submitted online by 5 p.m., Tuesday, June 5, 2007.

To apply for a grant or to learn more about the types of programs that qualify, grant writing tips, who can apply, funding guidelines and how to apply for a PNM Partnership Grant, visit PNM.com/partner. Only one application per nonprofit is accepted each year.

Celebrating more than 20 years of improving New Mexico's quality of life, the PNM Resources Foundation is a nonprofit, tax-exempt corporation that was originally endowed by a gift from PNM's shareholders. No customer funds are part of the endowment. For more information, please contact the PNM Resources Foundation at (505) 241-2872.