About New Mexico Military Institute Foundation
The mission of the New Mexico Military Institute Foundation, Inc. is to create, maintain, and administer an endowment fund for the benefit of New Mexico Military Institute to be used for research, scientific and literary purposes; for increasing the building, equipment, and other facilities of New Mexico Military Institute; to provide scholarships; and to promote the growth, welfare, and maintenance of New Mexico Military Institute.
Focus Areas
scholarshipscadet activitiesleadership operationsacademic programsathletic programsprofessorshipsstaff and faculty programsfacility and equipment improvements
Who They Fund
NMMI cadets/current studentsIntermediate Preparatory Academy students/prospective cadetsfaculty and staff
About New Mexico Military Institute Foundation
New Mexico Military Institute Foundation Inc centers its giving on one institution: New Mexico Military Institute in Roswell, with support that includes cadet scholarships, leadership programs, academic projects, athletics, and operating support for the preparatory academy. The recent grant record shows a large, recurring pattern of internal funding rather than outside grantmaking, with multiple awards across 2023, 2024, and 2025 to the Institute itself. The largest recent grant was $1,199,338 in 2025 for NMMI Cadet Scholarships, followed by $1,122,808 in 2024 for the same purpose. Other sizable awards supported leadership program operations and academic programs and projects, showing that the foundation’s role extends beyond tuition aid into the day-to-day structure of the school. The foundation’s mission, as stated, is to create and maintain an endowment for the benefit of New Mexico Military Institute, including scholarships, research, scientific and literary purposes, and improvements to buildings, equipment, and other facilities. That focus makes the foundation a single-purpose funder tied closely to the Institute’s academic, military, and campus needs.
What New Mexico Military Institute Foundation Funds
Scholarship support is the clearest theme in the grant record. In 2025, New Mexico Military Institute received $1,199,338 for NMMI Cadet Scholarships, and in 2024 it received $1,122,808 for the same line of support. The foundation also uses directed institutional funding to back leadership program operations, including a $332,549 award in 2024 and a $328,367 award in 2025. Academic support is another recurring area. New Mexico Military Institute received $263,248 in 2025 for Academic Programs and Projects and $214,497 in 2024 for the same purpose. The preparatory academy appears in the record too, with $200,000 in 2025 for Intermediate Preparatory Academy Operations Support. Beyond classroom and leadership support, the foundation funds student-life and institutional functions. Awards in 2025 included $175,203 for Athletic Programs, $51,200 for Cadet Activities Programs, and $21,507 for Facilities Support.
How New Mexico Military Institute Foundation Gives
The foundation’s typical grants are mid-sized, with a p25 of $42,750, a median of $135,545, and a p75 of $219,654. The recent record also includes several awards well above that range, especially scholarship and operating support for New Mexico Military Institute. The pattern is recurring: the same institution appears across multiple years, with repeated line items such as cadet scholarships, leadership operations, and academic programs. This is not an open application funder in the usual outside-grant sense; the grants are directed to NMMI, and the organization is a single-purpose foundation created to support that institution. It does make some scholarship programs available through the school, including programs that are awarded through NMMI processes.
Financial Snapshot
Annual Giving
$2.4M
Total Assets
$93.5M
Total Revenue
$5.2M
Total Expenses
$3.1M
Typical Grant Size
Most grants fall between $43K and $220K, with a median of $136K.
25th Percentile
$43K
Median
$136K
75th Percentile
$220K
Geographic Reach
Local1 state funded
Funding intensity
LowHigh
Headquarters
Leadership
Jimmy Barnes
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