Jewish Community Foundation of New Mexico

What it reported doing in 2024

The foundation provides philanthropic services for individual donors and nonprofit organizations in the jewish community. Services include grant making, field of interest research, consultations with professional advisors, fund investment, management and reporting. In addition, the foundation shares educational information about charitable/legacy planning, funding ideas and charitable opportunities in the jewish and broader communities.accomplishments include: foundation distributed grants from net assets totaling $810,993 to 206 charitable organizations. Grants addressed needs in a variety of areas including health, human services, education, religion, culture, environment, immigrant and refugee assistance, and the arts. One college scholarship, thirteen camp scholarships, and one israel experience scholarship were awarded on behalf of New Mexico youth and young adults.foundation staff helped educate the jewish community about charitable planning and worked with donors to develop legacy plans and open funds to support charitable organizations and causes now and into the future. Foundation extended its participation in the life & legacy endowment development program in partnership with harold grinspoon foundation. Life & legacy, a proven, successful initiative in 75 other communities throughout north america, promotes after-lifetime giving to benefit jewish organizations. The program emphasizes stewardship and formalization of legacy gifts and promotes a collaborative approach that strengthens the entire community.nine New Mexico jewish organizations (6 in albuquerque, 2 in santa fe, and 1 in los alamos) are participating. The program, since inception in 2018, had generated legacy gifts with an estimated value of $6.8 million and $1.3 million of realized endowment gifts as of december 31, 2024. Foundation managed investments to maximize returns consistent with its investment and distribution policies.

Financial Efficiency

• Mission deployment rate: 70%; rating input score 70
• Program expense ratio: 90.5%; rating input score 91
• Fundraising efficiency: $46.82 raised per $1 spent on fundraising; rating input score 77; 77th percentile among comparable filings

Transparency & Controls

• Consistency checks: 93.3%; rating input score 93; 22nd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: 66.2%; rating input score 66; 31st percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 5 of 8 controls in place; rating input score 62
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 36.2%; rating input score 88; 88th percentile among comparable filings
• Total-asset coverage ratio: 10.71; rating input score 92; 92nd percentile among comparable filings
• Liabilities to assets ratio: 0.45; rating input score 18; 18th percentile among comparable filings
• Officer compensation ratio: 5.6%; rating input score 51; 51st percentile among comparable filings

Growth

• Program expense growth: 13.5% per year; rating input score 100; 72nd percentile among comparable filings
• Revenue growth: 5.7% per year; rating input score 100; 48th percentile among comparable filings
• Asset growth: 13.2% per year; rating input score 100; 68th percentile among comparable filings