Regents' Policy Manual - Section 7.17: University-Affiliated 501(c) Organizations

Adopted Date: 09-12-1996
Amended: 09-13-2016
Amended: 03-28-2023

Applicability

This policy applies to nonprofit organizations that are affiliated with the University and exist solely for the benefit and support of the University, even if not created by the University. These organizations are exempt under § 501(c) of the Internal Revenue Code.

Policy

The University recognizes the value and importance of affiliated organizations for the support and benefit of the University and its programs. The Board of Regents shall approve the articles of incorporation and bylaws, including any amendments, of any University affiliated organization. Pursuant to NMSA 1978, § 6-5A-1, the University shall enter into a written agreement with each affiliated organization approved by the Board of Regents specifying, among other requirements, the organization's purposes and relationship with the University.

The articles of incorporation and bylaws of affiliated organizations are maintained in the Office of the University Counsel.

References

NMSA 1978, § 6-5A-1 (“Definitions; requirements for governmental entities that receive funds or property from certain organizations”)
NMSA 1978, § 21-28-1 et seq. (“University Research Park and Economic Development Act”)

**Affiliated 501(c) Organizations**
NAME OF ENTITY¹	PURPOSE OF ENTITY²	FUNDRAISING ORGANIZATION	RESEARCH PARK CORPORATION³
Carrie Tingley Hospital Foundation, Inc.	Serve children with disabilities	X
Innovate ABQ, Inc.	Charitable, scientific, and educational: organized and operated exclusively for the benefit and support of and to perform the functions of or to carry out the purposes of the Regents of UNM		X
Lobo Development Corporation	The acquisition, development, disposition, and rental of real estate for the benefit of UNM		X
Lobo Energy, Inc.	Support UNM for the purposes of generally providing contractual services, including financing, operating, improving, and expanding the University's utilities services and infrastructure		X
NMC, Inc.	Formed by the three New Mexico universities to engage universities and industry in scientific research in the nation's interest, and to increase the role of Los Alamos National Laboratory in science, education, and economic development		X
UNM Rainforest Innovations (formerly STC.UNM, Inc.)	Support technology transfer and catalyze economic development at UNM		X
The Harwood Museum Alliance, Inc.	Membership organization for the Harwood Museum	X
The Robert 0. Anderson School and Graduate School of Management Foundation, Inc.	Promote continuing education to the business community, including masters programs and professional workshops	X
The University of New Mexico Alumni Association, Inc.	Provide services and support to UNM alumni and support to the University	X
The University of New Mexico Foundation, Inc.	Raise funds for UNM	X
U. N. M. Lobo Club, Inc.	Raise funds necessary to provide financial support for student-athlete scholarships, facilities, programs that support student-athlete success, and operational support to create an athletics program of excellence	X
UNM Medical Group, Inc.	Facilitate and enhance the clinical, educational, and research functions of the faculty UNM’s School of Medicine		X
UNM Sandoval Regional Medical Center, Inc.	Healthcare		X

[1] This list contains the legal names under which the organizations were registered with the New Mexico Secretary of State.

[2] The purposes are based on information submitted by the organizations when they registered with the State.

[3] These corporations were formed under the University Research Park and Economic Development Act.

Regents' Policies

Regents' Policy Manual - Section 7.17: University-Affiliated 501(c) Organizations

Applicability

Policy

References