PY Foundation
Preselected recipients only
PY Foundation is a private foundation in Artesia, New Mexico. In tax year 2024 it gave $13.1 million in 25 grants; the typical grant was $25,000 and the largest $5.9 million. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$13.1 million
- Number of grants25
- Typical grant$25,000
- Largest grant$5.9 million
- Assets$61.2 million
- New grantees43%
Giving in 2024 was up from $3.1 million the year before.
43% of its 2024 grantees had not received a grant from it the year before, a sign it is open to new organizations.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2022 | $2.6 million | 22 | $69.9 million |
| 2023 | $3.1 million | 25 | $74.8 million |
| 2024 | $13.1 million | 25 | $61.2 million |
How to apply
PY Foundation says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
Foundation website IRS filings on ProPublica
What PY Foundation funds
Where it gives
Its grants went to recipients in 2 states, the most to New Mexico.
| State | Grants | Amount |
|---|---|---|
| New Mexico | 22 | $12.9 million |
| Texas | 3 | $191,700 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| Artesia Recreation Center Foundation | Construction | $5.9 million |
| Eddy County Fair Association | Construction | $3.8 million |
| SW Foundation for Osteopathic | Scholarship & SENM Dr incentive program | $1.7 million |
| Greater Artesia Foundation | Barrier systems for City of Artesia Police dept | $404,996 |
| City of Artesia | First Responders Retention Bonuses | $399,000 |
| Artesia Public Schools | Science Curriculum Enhancement | $211,820 |
| West Texas Counseling & Guidance Inc | Eddy County Programming | $180,000 |
| Artesia Classical Academy Inc | Operating grant | $100,000 |
| Artesia MainStreet Inc | Operating Grant | $100,000 |
| Haven of Hope Inc | Operating | $100,000 |
| City of Artesia | TransAero Medivac membership for Eddy County | $32,000 |
| Hagerman Municipal Schools | Community Garden Construction | $28,000 |
| Chaves County Casa | Roswell NM flood relief | $25,000 |
| Imagine New Mexico | NM Health Dashboard | $25,000 |
| New Mexico Mounted Patrol | Training and Equipment | $25,000 |
| Artesia Literacy Council | Operating Grant | $22,500 |
| Inspired By Science | Summer Science Camp | $14,850 |
| United way of Eddy County | Artesia Outreach Program | $10,000 |
| Artesia Public Schools | Student Basic Necessities Funds | $9,000 |
| Artesia Youth Soccer Association | Equipment | $8,800 |
| San Angelo Area Foundation | Funders network event | $7,500 |
| Artesia Public Schools | Book Vending Machines | $6,000 |
| Cloudcroft Municipal Schools | Summer youth program | $5,000 |
| Literacy Coalition of the Permian Basin | Combat illiteracy in Eddy County | $4,200 |
| Artesia Public Schools | Veterans Day shirts for students in program | $1,275 |
Officers and trustees
- Peyton Yates
- Hanson Yates
- Sandra Borges
- Nancy Stall
Questions people ask
Does PY Foundation accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does PY Foundation give?
$13.1 million in tax year 2024, across 25 grants, with a typical grant of $25,000.
Who runs PY Foundation?
Its 2024 filing lists Peyton Yates (President), Hanson Yates (Vice President), Sandra Borges (Sec/Treas/Executive Director) and Nancy Stall (Chief Financial Officer).
What does PY Foundation fund?
Based on its grants, mainly education, science and research and human services.