New Mexico Community Trust (NMCT) will partner with the State of New Mexico through the Department of Finance and Administration (DFA) to administer up to $11.8M of funds made available for Housing Stability Programs as part of the Emergency Rental Assistance Program.

NMCT is partnering with the New Mexico Coalition of Community Foundations (NMCCF), a statewide collaborative consisting of the Albuquerque Community Foundation, Santa Fe Community Foundation, Community Foundation of Southern New Mexico, Taos Community Foundation, Los Alamos Community Foundation and the New Mexico Foundation.

This partnership is to bring together interested stakeholders from across the state in order to develop a strategic spending strategy for effective use of the funds in alignment with the guidance and limitations set by U.S. Treasury.

The Saving for Success Award Program is a new college savings award program administered by New Mexico Community Trust with a mission to make higher education more affordable and accessible, especially to students in New Mexico who have financial need. According to the U.S. Department of Education’s website, college remains the greatest driver of socioeconomic mobility in America, and higher education remains the best investment students can make for their future.

The goal of the Saving for Success Award program is to prepare eligible K-8 students in New Mexico for future success in higher education through financial literacy education, encouragement and an award of up to $1,000 in initial value invested in a 529 college savings account with The Education Plan®, New Mexico’s 529 college savings plan. Up to fifty eligible students in New Mexico will receive a Saving for Success Award during this first award cycle. The award application will ask students about school achievement, honors and awards, community involvement, and higher education goals.

Initial funding for this award program was provided by the Jack Beaty Educational Scholarship Foundation. The foundation was created to carry out the final wishes of long-time New Mexico businessman and political leader Jack Beaty to fund college expenses for low-income New Mexicans.

The New Mexico Attorney General’s Office, Google™ and New Mexico Community Trust (NMCT) have partnered to provide up to $3.8 million in grant funding through the Google Kids Initiative to promote online safety and empower students through technology for students in the state.

Grants for this statewide initiative will fund programs that focus on increasing access to technology among children in underserved areas and educating children on how to safely use that technology.