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LETTER TO MEMBERS
Join us in celebrating the best fundraising year ever for the Museum of New Mexico Foundation in fiscal year 2021-2022 (July 1, 2021 to June 30, 2022).
We generated $11.8 million in earned and contributed revenues for FY22, the highest one-year total in the Foundation’s history. We are grateful to you, our members, as well as our trustees, donors and friends, for being so generous in supporting the Foundation and Museum of New Mexico system.
In this annual report issue of Member News, we are honored to recognize by name all those who contributed to this tremendous success, including Ambassador, Circles and Circles Explorer members, Corporate Partners and Business Council members. Donors to our Annual Fund (at $1,000+) and Exhibition Development and Education Funds are also acknowledged, as well as Founders Society and Legacy Society members.
Beginning on page 3 is a full report on the Foundation’s membership, development, retail and licensing activities during FY22. All five of our membership programs and Annual Fund exceeded our goals with $1.8 million in total revenues. In addition to cash contributions, the Santa Fe business community also provided in-kind services valued at more than $223,000.
Our many generous donors, along with endowment payouts, provided $3.5 million in direct support for exhibitions development and educational programming for our 13 cultural partners, including the four state museums in Santa Fe, eight historic sites statewide and the Office of Archaeological Studies. This is another history-making total for the Foundation.
Endowment and estate gifts were especially generous in FY22. New endowments for the Museum of Indian Arts and Culture, Museum of International Folk Art and New Mexico Museum of Art were established, while over $2 million was realized in planned gifts of cash, real estate and artwork.
In another extraordinary outcome, our Museum Shops and online store broke an all-time sales record with nearly $3.6 million in gross revenue and $575,035 in net income in FY22. Our licensing program also had a stellar year with nearly $136,000 in gross revenue and the launch of three new collections.
In the end, what matters most is the world-class programming this support makes possible throughout the Museum of New Mexico system. The benefits to our residents and visitors alike are immeasurable. Thank you for all you do for the Foundation and our state museum system. Best wishes to you and your family during the holidays and in the new year ahead.
Sincerely,
Jamie Clements President/CEO
