Why does a children’s charity like New Mexico Boys and Girls Ranches need a Foundation?
We do not accept government funding. Consequently, monies needed to operate all of our childcare programs must be raised annually. This requires that we utilize a wide variety of fund raising activities, including direct mail, estate planning, special events, gift annuities and the like. Additionally, donors through the years have given us assets that must be actively managed, sometimes on their behalf. These include trusts, bequests, oil and gas royalties, stocks, bonds, real estate and gift annuity contracts. As a service to our donors, we will also serve as the executor of their estate when immediate family is not available. The legal structure of a foundation enables us to conduct all of these activities under state and federal law.
