Dan Mayfield, Reporter- Albuquerque Business First
The CNM Foundation is kicking off a $10 million fundraising campaign by doing something it’s never done before: selling the permanent naming rights of its buildings.
Lisa McCulloch, the director of the foundation, told Business First that the school has raised $1 million so far with the campaign, but wants to raise $9 million more in the next three years.
“Like many places, we’ve named things to honor dignitaries. But now we’re making a commitment to offer these to community leaders, to those who would help CNM,” she said. “The number one reason students drop out of CNM is unexpected financial issues, so that’s where the foundation steps in.”
The school has seven campuses with hundreds of buildings.
The first facility to be renamed will be the Sustainable Technology Lab at CNM’s Workforce Training Center, which will be renamed the PNM Sustainable Technology Lab. Lovelace Health System has sponsored a nursing facility, the New Mexico Educators Federal Credit Union has sponsored the new Student Community Mall and the school’s tutoring lab will now be called the Wells Fargo Assistance Center for Education.