A Forever Gift
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America's School Trust Library
Architectural plan view of the Counting House — a banking-hall interior with a teller counter, ledger desks behind it, and a small vault recess at the rear. Hand-drafted in oxidized navy ink on parchment.

New Mexico financial profile

4-Section Cohort (cohort 6) · Single elected/appointed commissioner

Substrate v1.3 · Last reviewed 2026-05-01 · Read the state dossier

Permanent fund corpus

$32,600,000,000 Verified

As of 2024-10-31

Most recent distribution

$1,100,000,000 Verified

Federal grant acreage

8,711,324 acres Verified

Transparency status

Corpus and distribution disclosed

Both the permanent fund corpus and the most recent distribution figure are present in the substrate.

Governance form

Classification: Single elected/appointed commissioner

Commissioner of Public Lands (statewide elected, four-year term, two-term limit) — current Commissioner is Stephanie Garcia Richard (elected 2018, re-elected 2022). The Land Grant Permanent Fund is invested by the State Investment Council under the State Investment Officer.

New Mexico Land Grant Permanent Funds market value over time, exceeding $30 billion in FY 2024.
New Mexico Land Grant Permanent Funds market value over time. The School Fund comprises approximately 87 percent of the invested LGPF assets. Source: Advocates for School Trust Lands , New Mexico Trust Lands Report (Scott Smith). Reproduced for the library by permission.

Preview publication — cite the linked primary sources; interpretive framing is provisional.