Endowments

Guide to Creating an Endowment For New Mexico Military Institute

"*" indicates required fields

What would you like to name your endowment?

Example:
  • “The Smith Family Endowed Scholarship”
  • “In Memory of Lt. Col. John Doe”
If this endowment is in honor or memory of someone, please share anything meaningful about their life, values, or connection to NMMI. This may include military service, connection to NMMI, personal values, career accomplishments, or simply why you are establishing the scholarship.

3. Purpose of the Endowment

Scholarship Support
This endowment will support cadet scholarships
Operational Support
This endowment will support cadet programs, athletics, or other operational needs. If operational, please specify the area(s):

4. Scholarship Criteria Options

This is flexible. You may choose one or more or no specific criteria. Anything else that may not be mentioned

Cadet Status
Geographic Region
Academic Requirements
Financial/Background Considerations
5. Order of Preference (Optional)
If more than one criterion applies, please indicate the order of priority:
6. Renewal Option (Optional)
Would you like the scholarship to be renewable if the recipient continues to meet the criteria?

7. Endowment Amount & Start Date

The minimum to establish an endowment is $10,000. Scholarships are awarded based on annual investment earnings (currently ~4%). For example, a $70,000 endowment yields approximately $2,800 annually.

Please enter a number greater than or equal to 10000.

8. Fund Control

The fund will be managed by: NMMI Foundation, Inc.

9. Scholarship Selection Committee

Scholarships will be awarded by the: NMMI Scholarship Committee

10. Acknowledgements

Please provide the name and contact info of the individual(s) who should receive a thank-you note when a scholarship is awarded:

Name
Address

11. Final Notes

  • We are here to help you finalize the wording and structure of your scholarship criteria.
  • If no cadet meets your specific criteria in a given year, the Scholarship Committee may award the scholarship to another deserving cadet who meets the Foundation’s general scholarship guidelines.
Terms and conditions*
This field is for validation purposes and should be left unchanged.
 

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