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University of New Mexico & Foundation Endowment Fund

Name: University of New Mexico & Foundation

Assets Under Management: $181.1 Million (Source: University of New Mexico & Foundation on 6/30/2013)

Annual Report: University of New Mexico & Foundation Financial Statements June 30, 2013 and 2012

Portfolio Insights: “As a component unit of the University of New Mexico (UNM or the University), the University of New Mexico Foundation, Inc. (the Foundation) applies the provisions of Governmental Accounting Standards Board (GASB) Statement No. 34, Basic Financial Statements–and Management’s Discussion and Analysis–for State and Local Governments.

At June 30, 2013, the Foundation’s total assets were $181.1 million, which represents an increase of 10.6% over June 30, 2012 total assets of $163.7 million. At June 30, 2012, the Foundation’s total assets were $163.7 million, which represents an increase of 1.3% over June 30, 2011 total assets of $161.6 million.” (Source)

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Top University of New Mexico & Foundation Endowment Fund Headlines:

1) The Life Enhancement Fund is the CFL’s patient assistance fund. Unfortunately, those most vulnerable in our communities frequently have the least access to quality healthcare services. An investment in this fund can bring healing and hope to those who could benefit greatly from our team of integrative practitioners. (Source)

2) Director’s Discretionary Fund, supports faculty, staff, and students at the Center on Alcoholism, Substance Abuse, and Addictions (CASAA) to conduct research on the prevention and treatment of alcohol and drug problems; develop new researchers; train community practitioners; and develop new service programs to prevent adverse consequences from the use of alcohol and other drugs. (Source)

3) The University of New Mexico Foundation is now in the venture capital game. The foundation has approved its first co-investment of $100,000 with Pajarito Powder LLC, a company using UNM technology to reimagine how fuel-cell motors work, Pajarito Powder CEO Tom Stephenson said.

“This is the UNM Foundation’s first entry into this type of investment and partnership with the university, and we are pleased to be a part of this effort to help promote technology and entrepreneurship,” Jennifer Kemp, communications manager for the UNM Foundation told Business First on Friday. “The $1 million allocation of funds is part of the Consolidated Investment Fund, the university’s endowment which the foundation manages. Depending on how well this works, the board of regents and board of trustees may decide to make additional commitments with STC in UNM technology.” (Source)

4) The University of New Mexico Foundation, which has been warned to make its business more transparent, is adding audits and other documents to its website.

The website, at unmfund.org, will provide access to the foundation’s annual financial audit reports and its memorandum of agreement with UNM. Foundation CEO Henry Nemcik said making additional documents public is part of the routine website development.

“Since we launched our website, we have continually improved the quality and quantity of information posted. … Adding additional reports and documents is part of this ongoing effort to fully inform our community,” Nemcik said in a statement.
(Source)

5) The University of New Mexico Foundation makes a list of all holdings available to the public. This information is accessible to the school community on a password-protected site and to the public at the investment office. The foundation aims to optimize investment returns and is exploring, but not currently invested in, renewable energy funds. (Source)

About Richard C. Wilson