The UNM Foundation: Our Stories of Impact

A Shared Commitment

For over three decades Bank of America has been a partner of the University of New Mexico. Their support for the University has touched the lives of students, faculty, and patients. Bank of America is driven by their commitment to responsible growth and strive to create strong partnerships that work to advance economic mobility and social progress.  Their focus areas include basic needs such as food and housing, workforce development and education and community development. 

Over the years, Bank of America has supported a variety of programs at UNM such as the Presidential Scholarship Program, the Comprehensive Cancer Center, and the New Mexico Central NM STEM Research Challenge. Bank of America has developed a strong partnership with the Anderson School of Management, with support ranging from financial literacy classes to the student entrepreneurial experience. 

Most notably, is Bank of America’s commitment to the Small Business Institute (SBI).  SBI provides direct support for local businesses by linking management students with business owners. Consulting work is completed by a group of graduates and/or undergraduate students who are guided by faculty members. These mutually beneficial partnerships simultaneously offer students the opportunity to experience the challenges of sustaining a small business while providing businesses with management assistance, and proven business expertise. Small businesses can participate in SBI with little or no cost due to generous gifts from Bank of America.  

The partnership developed between the Anderson School of Management and Bank of America created a relationship that is about far more than teaching business classes.  It has become an extension of the Albuquerque and New Mexico communities. The Anderson School of Management’s vision to accelerate the development of a business community that values the principles of diversity, equity, and inclusion and the mission to create equitable opportunities for underrepresented students at UNM through partnerships with businesses that practice inclusive hiring and work practices has taken the partnership with Bank of America to an exciting chapter. With a focus on diversity, equity and inclusion, Bank of America awarded a $200,000 grant to invest in these initiatives at the Anderson School. The funding will center on creating opportunities for faculty and students to support New Mexico minority-owned and led businesses. 

“We share the Anderson School’s focus on creating a more diverse and inclusive business community in New Mexico,” said Paul Mondragon, president, Bank of America New Mexico. “As New Mexico begins to re-open and look ahead toward recovery, we’re excited to aid in strengthening the local workforce, foster diversity, and inclusion, and support local business opportunities, especially those that are Hispanic, women, and Native American owned and led.” 

Anderson is thrilled to have this support. “This generous gift will enable Anderson to enhance student learning while also providing valuable business services to minority-owned businesses in our state,” said Mitzi Montoya, Dean of the Anderson School of Management. “Providing opportunities for our students to gain hands-on learning experience while supporting the development of our state’s economy is a key Anderson strength. We thank Bank of America for supporting our DEI initiatives and continuing to invest in New Mexico.”  

“At Bank of America, we’re guided by a common purpose to help make financial lives better through the power of every connection,” Mondragon said. “Our support of the Anderson School’s DEI initiatives, like the numerous other cultural institutions we support throughout the state, represent putting those actions and dollars to work, and we’re proud of the strong partnership we have with the University.”

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Stories of ImpactA Shared Commitment