Frequently Asked Questions
- How do I make a planned gift?
Among the most popular ways of providing a planned gift to UNM is through a bequest in a will, a beneficiary designation on life insurance policies and retirement plans, and establishing life-income gifts that provide a lifelong income to you today and a gift to UNM in the future. Each individual legacy gift contributes to our financial strength and ability to meet the needs of the students, faculty, and patients.
- What is the UNM Foundation’s tax identification number and legal name?
Federal Tax ID Number: 85-0275408
Legal Name: The University of New Mexico Foundation, Inc.
Address: 700 Lomas Blvd. NE, Albuquerque, NM 87102
- Why should I consider making a planned gift to the UNM Foundation?
- To “pay forward” the scholarship you received
- To honor a loved one or professor
- To express gratitude for the care you received
- To create an opportunity for students that you didn’t have
- To celebrate a special occasion
- Can I direct how the UNM Foundation will use my gift?
Yes, you can direct your gift for general use, scholarships, fellowships, research, faculty support, new or existing funds, and more. Some donors may wish to make a gift without designating a specific area of campus, however, most donors prefer to restrict the use of their gift to a college or fund for which they have an affinity. For additional designations that are not listed below, contact the Office of Planned Giving.
Colleges and Schools
Anderson School of Management
College of Arts & Sciences
College of Education
College of Fine Arts
College of Nursing
College of Pharmacy
College of Population Health
College of University Libraries & Learning Sciences
School of Architecture and Planning
School of Engineering
School of Law
School of Medicine
CULTURE & COMMUNITY
Continuing Education & Osher Lifelong Learning Institute
KNME NM PBS
The Museum of Southwestern Biology
University Art Museum
Centennial Science and Engineering Library
Center for Southwest Research and Special Collections
Fine Arts and Design Library
Parish Memorial Library
- What is the difference between an endowed fund and a current-use fund?
With a current-use fund, the monies are able to be spent as they are received and there is no minimum gift amount. An endowed fund allows your gift to exist in perpetuity and can be established with a gift of $25,000 or more. The monies in an endowed fund are invested and only the interest is used for the purpose you’ve selected.
If you are interested in creating an endowed fund, contact us and we will work with you to create a Gift Agreement that lays out the form, purpose, and administration of your gift. Signed by the donor, a UNM representative and the UNM Foundation president, a Gift Agreement documents your wishes with regard to guidelines for use of the funds. The UNM Foundation will manage the endowment and make annual disbursements while providing for the long-term growth of the principal.
- Why should I inform the UNM Foundation of my plans?
Most important, it gives us the opportunity to thank you and work with you on the specifics of your gift. Even if you wish to keep your planned gift anonymous, we encourage you to let us know the terms of the gift so we can ensure that the gift can be used as you intend. All inquiries are confidential.
Please contact Office of Planned Giving for more information.
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