Who or what organizations are eligible for an administrative agreement as a non-profit partner?
To be eligible for an administrative agreement with the New Mexico Community Foundation a project must have as its purpose an objective that in some way “serves and invests in New Mexico communities”. The activities of the project must be charitable in purpose. The project must have a written plan indicating the anticipated funding source(s), its purpose(s), the duration (or perpetuity) of the project, tentative budget (not less than $5,000), and information about the person(s) who will be involved in the project. The project, at its inception and before incurring any expenses, must have adequate funds secured to cover two months worth of operations (or the entire project if the project is an “event”). The following are NOT eligible for administrative agreement with NMCF: • A for-profit entity. • Services of an individual which are the sole expenditures of the project and which provide the basis for that individual’s livelihood. • A project which has as its objective the advancement of
