Request for Applications: Higher Education Endowment Fund

Pursuant to Laws 2021, Chapter 137 and Laws 2022, Chapter 54 of the 55th Legislative Session (General Appropriations Act), the New Mexico Higher Education Department (NMHED) is requesting applications for funding activities supported by the Higher Education Endowment Fund.   

Endowment funds shall not be expended but shall be invested by the higher education institutions in accordance with the Uniform Prudent Management of Institutional Funds Act [46‐9A‐1 to 46‐9A‐10 NMSA 1978] and the provisions of Section 21‐1‐38 NMSA 1978. The income from the investments shall be expended only for endowment purposes.

As directed by the legislation, the remainder of funds not distributed in FY23 is open to all sectors and higher education institutions for awards in FY24.  The available funding for this cycle is $5 million. All awards are subject to an amount equal to at least fifty percent of the award amount in matching funds from non‐governmental sources. Proposals shall include the following:

• Establishing endowed chairs, lectureships, professorships, research positions, graduate assistantships and faculty development programs that will enhance the quality of public post-secondary education in New Mexico; and
• Addressing one or more of the governor's initiatives, including research and development initiatives; technology transfer initiatives; science, technology, engineering and mathematics initiatives; health, education, water and agriculture initiatives; and work force development initiatives.