Introducing Nusenda Foundation's Financial Education Innovator Award

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Community Rewards® Giving

Our primary giving program, Community Rewards®, represents our values, supports our objectives, and strengthens the well-being of the communities where we live, work, and play. Community Rewards beneficiaries are nonprofit organizations that make a measurable, positive impact in the communities they serve.

To be considered, your organization must provide services in one of our five focus areas:

Education
Healthcare
Environment & Wildlife
The Arts
Community Services


Nusenda Foundation's goal is to partner with organizations that share in our work to help New Mexicans thrive in the communities they call home. Applications for Community Rewards must demonstrate how the requested resources are being invested and leveraged.

Applicants are evaluated based on:

  • Alignment to Nusenda Credit Union and the Nusenda Foundation’s values and focus areas
  • Organization history and financials
  • Successful program implementation
  • Overall organizational impact and performance

Successful recipients will be notified of the award before distribution.

Community Rewards Grant Application

Community Rewards applications for 2021 are now closed and will reopen next summer.

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How to Apply

Community Rewards grant applications are accepted once a year during a 45-60 day period, typically in the summer months. Awards will be announced in December.

To apply:

  1. Review the application guidelines below.
  2. Submit an online application.
  3. Email questions regarding Community Rewards grants directly to foundation@nusenda.org.
  4. Expect to hear from us in December.

Community Rewards Eligibility

  1. Your organization serves in one of our service areas:
              a. Northern New Mexico (includes Santa Fe, San Miguel, Mora, Taos, Rio Arriba, and San Juan Counties)
              b. Central New Mexico (includes Bernalillo, Sandoval, Valencia, and Torrance Counties)
              c. Southern New Mexico (includes Dona Ana, Grant, Hidalgo, Luna, Otero, Sierra, and Socorro Counties)
  2. Your organization is a 501(c)(3) and in good standing with the Attorney General’s office and the Secretary of State’s office.
  3. Your organization fits within one or more of our five focus areas:
              a. The Arts
              b. Community Services & Support
              c. Education
              d. Environment & Wildlife
              e. Healthcare
  4. Your organization would like to apply for funding through one of our support categories:
              a. Operational support
              b. Program support
  5. Your organization can provide the following proper documentation (size limit per file: 25MB):
              a. If funded, a completed Patriot Act compliance form
              b. A copy of your W-9
              c. A copy of your audit or financial statement
              d. A copy of your annual report
              e. A copy of your IRS letter of determination

Request Amount

Community Rewards grant sizes vary from organization to organization based on need. Typically, grants are no smaller than $2,500 and do not exceed $15,000 for any given program. Nusenda Foundation receives more requests for funds than we can fulfill. Applicants are encouraged to be mindful of these constraints when requesting resources.


Community Rewards FAQ’s

Why do I need to supply Patriot Act paperwork?

Patriot Act paperwork is used to help the government prevent or identify terrorism funding and money laundering activities. Federal law requires that all financial institutions obtain, verify, and record information that identifies each person who opens an account.

What is the difference between Community Rewards beneficiary support and sponsorship support?

Groups who request funding through Community Rewards must be charitable 501(c)(3)-eligible nonprofit organizations who have applied through our process. Sponsorship requests do not require 501(c)(3) status but must show how the request fits Nusenda Credit Union’s focus areas of support.

Are all funding requests approved?

Only requests that qualify will be approved. All requests are evaluated on a per-case basis, and all applicants will be notified regardless of the funding decision. We receive many more qualified applications than we have available funding.

What is the application process timing?

Applications for Community Rewards will open the second week of August and close the last business day in September, annually. Community Rewards distributions are made annually. Recipients will be notified in the winter prior to distribution.

Incomplete applications will not be considered. Nusenda Foundation does not fund individuals, political organizations, for-profit organizations, organizations not providing services in our geographic focus areas, or organizations that discriminate on the basis of race, sex, or religion. Nusenda Credit Union and the Nusenda Foundation reserve the right to deny any request. All decisions are at the discretion of the organization. Features of the program are subject to change, and the program may be withdrawn at any time.