Civic Intelligence

Gecu Foundation

EIN 20-8801986 • 501(c)3 • El Paso, TX

Pub. 78 Eligible

Profile

The gecu foundation is the philanthropic arm of gecu that operates to elevate the el paso community and the credit union movement through strategic fundraising and charitable giving.

1225 Airway BlvdEl Paso, TX 79925

www.gecu.com/foundation

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

18th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

19th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

78th percentile

25%

Higher net margin than 78% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

96th percentile

138%

Faster asset growth than 96% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

91st percentile

84%

Faster revenue growth than 91% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$682,625

Up $395,515 (+138%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$682,625

Up $395,515 (+138%) from 2023

Revenue

Up

$1,551,607

Up $708,096 (+84%) from 2023

Expenses

Up

$1,156,092

Up $340,147 (+42%) from 2023

Net Income

Up

$395,515

Up $367,949 (+1335%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2010: $16,833Liabilities 2010: $0Net Assets 2010: $16,8332010Assets 2011: $11,137Liabilities 2011: $0Net Assets 2011: $11,1372011Assets 2012: $49,592Liabilities 2012: $0Net Assets 2012: $49,5922012Assets 2013: $9,882Liabilities 2013: $0Net Assets 2013: $9,8822013Assets 2014: $46,113Liabilities 2014: $0Net Assets 2014: $46,1132014Assets 2015: $39,441Liabilities 2015: $0Net Assets 2015: $39,4412015Assets 2016: $13,256Liabilities 2016: $0Net Assets 2016: $13,2562016Assets 2017: $166,652Liabilities 2017: $0Net Assets 2017: $166,6522017Assets 2018: $385,406Liabilities 2018: $0Net Assets 2018: $385,4062018Assets 2019: $451,073Liabilities 2019: $14,140Net Assets 2019: $436,9332019Assets 2020: $245,860Liabilities 2020: $13,740Net Assets 2020: $232,1202020Assets 2021: $149,052Liabilities 2021: $0Net Assets 2021: $149,0522021Assets 2022: $259,544Liabilities 2022: $0Net Assets 2022: $259,5442022Assets 2023: $287,110Liabilities 2023: $0Net Assets 2023: $287,1102023Assets 2024: $682,625Liabilities 2024: $0Net Assets 2024: $682,6252024

Highlighted filing

2024

Assets$682,625
Liabilities$0
Net Assets$682,625

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2010: $63Expenses 2010: $0Net Income 2010: $632010Revenue 2011: $29,304Expenses 2011: $35,000Net Income 2011: -$5,6962011Revenue 2012: $38,455Expenses 2012: $0Net Income 2012: $38,4552012Revenue 2013: $35,290Expenses 2013: $75,000Net Income 2013: -$39,7102013Revenue 2014: $46,231Expenses 2014: $10,000Net Income 2014: $36,2312014Revenue 2015: $46,428Expenses 2015: $53,100Net Income 2015: -$6,6722015Revenue 2016: $72,029Expenses 2016: $98,214Net Income 2016: -$26,1852016Revenue 2017: $189,339Expenses 2017: $35,943Net Income 2017: $153,3962017Revenue 2018: $299,093Expenses 2018: $80,339Net Income 2018: $218,7542018Revenue 2019: $468,260Expenses 2019: $416,733Net Income 2019: $51,5272019Revenue 2020: $507,734Expenses 2020: $712,547Net Income 2020: -$204,8132020Revenue 2021: $787,862Expenses 2021: $857,201Net Income 2021: -$69,3392021Revenue 2022: $1,003,675Expenses 2022: $893,183Net Income 2022: $110,4922022Revenue 2023: $843,511Expenses 2023: $815,945Net Income 2023: $27,5662023Revenue 2024: $1,551,607Expenses 2024: $1,156,092Net Income 2024: $395,5152024

Highlighted filing

2024

Revenue$1,551,607
Expenses$1,156,092
Net Income$395,515

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.68$0.00$0.68$1.55$1.16$0.40
2023Detailed filing. Detailed filing data is available for this year.$0.29$0.00$0.29$0.84$0.82$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.26$0.00$0.26$1.00$0.89$0.11
2021Detailed filing. Detailed filing data is available for this year.$0.15$0.00$0.15$0.79$0.86$0.07
2020Detailed filing. Detailed filing data is available for this year.$0.25$0.01$0.23$0.51$0.71$0.20
2019Detailed filing. Detailed filing data is available for this year.$0.45$0.01$0.44$0.47$0.42$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.39$0.00$0.39$0.30$0.08$0.22
2017Detailed filing. Detailed filing data is available for this year.$0.17$0.00$0.17$0.19$0.04$0.15
2016Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.07$0.10$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.04$0.00$0.04$0.05$0.05$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$0.05$0.01$0.04
2013Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.04$0.08$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.05$0.00$0.05$0.04$0.00$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.01$0.00$0.01$0.03$0.04$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.02$0.00$0.02$0.00$0.00$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 31, 2025
Return Version
2024v5.2
Gross Receipts
$1,552,813
Mission and Program Overview

Mission

The gecu foundation is the philanthropic arm of gecu that operates to elevate the el paso community and the credit union movement through strategic fundraising and charitable giving.

The gecu foundation works to support gecu mission, goals & the credit union movement by supporting charitable causes focusing on twelve development issues that affect our community

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$274,055$663,594▲ $389,539
Prepaid Expenses and Deferred Charges$13,055$15,979▲ $2,924
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$287,110$682,625▲ $395,515
Other Assets Total$0$3,052▲ $3,052
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$287,110$682,625▲ $395,515
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$287,110$682,625▲ $395,515
Total Liabilities and Net Assets / Fund Balance$287,110$682,625▲ $395,515
Compensation and Service Providers

Board Members and Trustees

NameTitle
Crystal LongChairman
Brad TaylorDirector
Elvira VallesDirector
Tomas Sigala JrDirector
Grace VaughnTreasurer and Secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$1,446,110
Program Service Revenue
$0
Investment Income
$12,105
Other Revenue
$93,392
All Other Contributions
$1,446,110
Change in Net Assets
$395,515
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$968,968
Other Expenses$187,124
Total Fundraising Expense$10,870
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$968,968--$968,968
Occupancy$0$42,950$0$42,950
All Other Expenses$11,496$11,832$2,536$25,864
Office Expenses$7,869$7,610$834$16,313
Fees for Services Legal$0$7,093$0$7,093
Fees for Services Accounting$0$4,084$0$4,084
Other Expenses$1,641$0$0$1,641
Conferences and Meetings$0$985$0$985
Total Functional Expenses$1,061,831$83,391$10,870$1,156,092
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
United Way of El Paso CountyEl Paso, TX501(c)(3)General Support$146,675
Texas Tech University FoundationLubbock, TX501(c)(3)Funded Scholarship$64,600
El Paso Credit Union - HoapEl Paso, TX501(c)(3)General Support and to Benefit Children With Backpacks and School Supplies$50,000
Sw Foundation for Osteopathic Education & ResearchLas Cruces, NM501 (c)(3)Donation for Health$50,000
Paso Del Norte Community FoundationEl Paso, TX501(c)(3)Community Donation$32,056
El Paso Gold Star Families MemorialEl Paso, TX501 (c)(3)Community Donation$30,000
Opportunity Center for the HomelessEl Paso, TX501 (c)(3)Community Donation$28,048
Texas Tech Health Sciences Center El PasoEl Paso, TX501 (c)(3)Health Donations$27,101
Ywca El Paso Del NorteEl Paso, TX501(c)(3)General Support$26,584
Kelly Center for Hunger ReliefEl Paso, TX501(c)(3)General Support$25,271
The Epc MuseumEl Paso, TX501(c)(3)Donation for Education$25,000
Big Brothers Big Sister of El PasoEl Paso, TX501 (c)(3)General Support$24,792
Candlelighters of El PasoEl Paso, TX501(c)(3)General Support$24,791
Project AmistadEl Paso, TX501(c)(3)General Support$24,660
Community En AccionEl Paso, TX501 (c)(3)Donation for Community$24,506
Make-a-wish Foundation North TexasAddison, TX501 (c)(3)Health Donation$24,204
American Red Cross- El Paso ChapterCharlotte, NC501(c)(3)Donation for Community$23,515
Rebuilding Together El PasoEl Paso, TX501(c)(3)General Support$20,000
EL PASO CHILDREN'S HOSPITALEl Paso, TX501(c)(3)General Support$16,667
University Medical Center Foundation of El PasoEl Paso, TX501(c)(3)General Support$16,667
University of Texas at El PasoEl Paso, TX501(c)(3)General Support$15,000
Creed FoundationEl Paso, TX501 (c)(3)General Support$12,500
Casa of El Paso IncEl Paso, TX501(c)(3)General Support$12,000
Howard Payne UniversityBrownwood, TX501(c)(3)Donation for Scholarships$12,000
Casa De PeregrinosLas Cruces, NM501(c)(3)General Support$10,000
Children at RiskHouston, TX501 (c)(3)General Support$10,000
El Paso Community College FoundationEl Paso, TX501(c)(3)Funded Scholarship$10,000
El Pasoans Fighting HungerEl Paso, TX501(c)(3)General Support$10,000
GIGI'S PLAYHOUSE EL PASOEl Paso, TX501(c)(3)Donation for Health$10,000
Hospice El PasoEl Paso, TX501(c)(3)General Support$10,000
Project ArribaEl Paso, TX501 (c)(3)Donation for Community$10,000
Rotacare El PasoEl Paso, TX501 (c)(3)Community Donation$10,000
Sacred Heart ChurchEl Paso, TX501 (c)(3)Community Donation$10,000
The Salvation Army of El PasoEl Paso, TX501(c)(3)Donation for Community$10,000
Proaction IncEl Paso, TX501 (c)(3)General Support$8,500
Ymca of El PasoEl Paso, TX501(c)(3)General Support$6,500
Mountain Star Sports Group FoundationEl Paso, TX501(c)(3)Donation for Health$5,100
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$94,598
Fundraising Direct Expenses$1,206
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$81,543$81,543$42$81,501
Back to School$12,450$12,450$20$12,430
Total Events$94,598$94,598$1,206$93,392
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION B, LINE 11B:

The chairman of the board reviews form 990 prior to filing. Upon completion of their review the return is filed with the internal revenue service. The organization informs the board of directors that form 990 is available to them upon their request.

FORM 990, PART VI, SECTION B, LINE 12C:

Each director and officer of the foundation documents or conflict of interest policy available to the public. Financial statements are also typically not made to the public.

FORM 990, PART VI, SECTION C, LINE 19:

Gecu foundation makes its governing documents or conflict of interest policy available to the public upon written request. Financial statements are also typically made available to the public.

Filing and Contact Details

Filer

Filer Name
Gecu Foundation
EIN
20-8801986
In Care Of
% GRACE VAUGHN
Phone
9157789221
Address
1225 AIRWAY BLVD, EL PASO, TX 79925

Signing Officer

Name
Emmeline Garcia
Title
Executive Director
Phone
9157789220
Signed
2025-10-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Emmeline Garcia
Formed
2007
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
634

Preparer

Firm
Pena Briones Mcdaniel & Co Pc
Address
4171 N MESA SUITE B-100, EL PASO, TX 79902-1498
Preparer
Rene D Pena CPA
Phone
9155421733
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0THE GECU FOUNDATION RECOGNIZES THE IMPACT THAT IT CAN HAVE ON THE WELL-BEING OF OUR COMMUNITIES WHEN WE SUPPORT ORGANIZATIONS THAT FOCUS ON HEALTH ISSUES. THIS YEAR, WE CONTRIBUTED TO COMMUNITY ORGANIZATIONS THAT HELP REDUCE TREATMENT COSTS, PROVIDE ESSENTIAL SERVICES TO COMBAT HEALTH ISSUES, AND MAKE THE HEALTH CARE JOURNEY FOR PATIENTS' FAMILIES EASIER. OUR CONTRIBUTION TO EL PASO CHILDREN'S HOSPITAL HELPED WITH THE DEVELOPMENT OF THE FAMILY LOUNGE ON THE EIGHTH FLOOR. THIS NEW FLOOR WILL BE A HYBRID UNIT DESIGNED TO ACCOMMODATE ADMISSIONS TO PEDIATRIC INTENSIVE CARE UNIT PATIENTS AND IS HOME TO THE REGION'S ONLY PEDIATRIC EPILEPSY MONITORING UNIT (EMU). THE FAMILY LOUNGE WILL ALSO HELP CREATE A COZY AND WELCOMING SPACE FOR FAMILIES, ESPECIALLY THOSE FROM OUT OF TOWN, THAT OFFERS THEM COMFORT AND A SENSE OF COMMUNITY DURING THEIR HEALTH CARE JOURNEY. THE SOBREVIVIENDO EL CANCER PROGRAM IS BASED AT THE UMC INFUSION CENTER IN EL PASO, TEXAS, AND PROVIDES PSYCHOSOCIAL SUPPORT AND SHORT-TERM FUNDING TO CANCER PATIENTS. APPROXIMATELY 37% OF UMC'S CANCER PATIENTS ARE UNINSURED AND/OR COME FROM A LOW-INCOME BACKGROUND. THE ADDITIONAL COST OF CO-PAYMENTS FOR TREATMENT AND MEDICATION, MEDICAL EQUIPMENT, AND SUPPLIES AND TRANSPORTATION NEEDS CAN BECOME AN OVERWHELMING BARRIER TO THEIR FIGHT. THE PROGRAM AIMS TO IDENTIFY AND ASSIST WITH THE CHALLENGES THAT MAY INTERFERE WITH THE PATIENT'S TREATMENT PLAN TO IMPROVE THEIR TREATMENT OUTCOMES AND THEIR QUALITY OF LIFE. THE EL PASO CENTER FOR DIABETES MOVED FROM A 3,800-SQUARE-FOOT BUILDING TO A 6,000-SQUARE-FOOT FACILITY. THIS NEW, LARGER FACILITY WILL HAVE A TEACHING KITCHEN, ADDITIONAL CLASSROOMS, A HEALING GARDEN, PRIVATE CONSULT ROOMS, A DIABETES RESOURCE ROOM AND OTHER AMENITIES. OUR CONTRIBUTION SPONSORED ONE OF THE DIETITIAN ROOMS WHERE PARTICIPANTS LEARN ABOUT NUTRITION, STRESS MANAGEMENT, PHYSICAL ACTIVITY, MEDICATION ADHERENCE, REDUCING COMPLICATIONS AND MORE. THE EL PASO CENTER FOR DIABETES SERVES MORE THAN 10,000 FAMILIES ANNUALLY.
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IRS990/MissionDesc0THE GECU FOUNDATION IS THE PHILANTHROPIC ARM OF GECU THAT OPERATES TO ELEVATE THE COMMUNITIES THAT WE SERVE AND THE CREDIT UNION MOVEMENT THROUGH STRATEGIC FUNDRAISING AND CHARITABLE GIVING. THE GECU FOUNDATION FOCUSES ON 12 DEVELOPMENT ISSUES THAT AFFECT OUR COMMUNITIES: *HEALTH *HUNGER *HOUSING *EDUCATION *ENVIRONMENT *TRANSPORTATION *CREDIT *SAVINGS *TECHNOLOGY *EMPLOYMENT *INCLUSION *DIVERSITY AND EQUITY THIS 2024, THE GECU FOUNDATION WAS HONORED TO CONTINUE WORKING WITH NONPROFIT ORGANIZATIONS THAT FOCUS ON IMPORTANT ISSUES, SUCH AS EDUCATION, HEALTH, HUNGER, AND OTHER CHALLENGES THAT IMPACT THE LIVES OF PEOPLE IN THE COMMUNITIES WE SERVE THROUGHOUT EL PASO,TEXAS AND SOUTHERN NEW MEXICO. IN 2024, WE WERE ABLE TO CONTRIBUTE MORE THAN $1 MILLION TO HELP ENRICH LIVES IN THE COMMUNITIES THAT WE SERVE THANKS TO OUR DONORS AND FUNDRAISING EFFORTS. MORE THAN $129,300 OF DONATIONS AND 6,089 VOLUNTEER HOURS CAME FROM GENEROUS GECU EMPLOYEES. ADDITIONALLY, THE GECU FOUNDATION GOLF TOURNAMEN
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IRS990/ProgSrvcAccomActy2Grp/Desc0WE BELIEVE THAT INVESTING IN EDUCATION, ESPECIALLY IN THE HEALTH CARE FIELD, IS GOING TO HELP WITH THE OVERALL QUALITY OF LIFE OF UNDERSERVED REGIONS. THIS YEAR, WE CONTRIBUTED TO STUDENTS' TUITION COSTS AT VARIOUS INSTITUTIONS, ALLOWING THEM TO BETTER FOCUS ON COMPLETING THEIR DEGREES. OUR CONTRIBUTION TO BURRELL COLLEGE OF OSTEOPATHIC MEDICINE IN LAS CRUCES, NEW MEXICO, WILL FUND A FULL FOUR-YEAR SCHOLARSHIP FOR ONE STUDENT. THE ESTIMATED COST OF ATTENDANCE AT THIS COLLEGE IS $60,600 PER YEAR. WE TRUST THAT THIS INITIATIVE IS GOING TO HELP ADDRESS THE CRITICAL NEED FOR PHYSICIAN RETENTION IN THE BORDERPLEX AREA. HOWARD PAYNE UNIVERSITY IS A PRIVATE BAPTIST UNIVERSITY IN EL PASO, TEXAS, THAT OFFERS ASSOCIATE, BACHELOR'S AND MASTER'S DEGREES. THE ACADEMIC COMMUNITY OF THE UNIVERSITY IS DEDICATED TO EXCELLENCE BY DEVELOPING AND EQUIPPING ITS STUDENTS WITH INTELLECTUAL INQUIRY, PERSONAL AND PROFESSIONAL INTEGRITY, AND SERVICE TO GOD AND HUMANITY. OUR CONTRIBUTION AWARDS FOUR-YEAR SCHOLARSHIPS TO TWO STUDENTS TO HELP THEM OBTAIN THEIR DEGREE AT HOWARD PAYNE UNIVERSITY. PROACTION ACTIVELY WORKS TO BRING WOMEN AND PEOPLE OF COLOR INTO THE EMERGENCY MEDICAL TECHNICIAN (EMT) FIELD THROUGH TARGETED OUTREACH AND EDUCATION. PROACTION PARTNERS WITH COMMUNITY MEMBERS TO OFFER SCHOLARSHIPS TO REMOVE BARRIERS ASSOCIATED WITH THE PROGRAM'S COST. OUR SUPPORT PROVIDED SCHOLARSHIPS TO TWO EL PASOANS AND HELPED THEM COMPLETE THEIR BASIC OR ADVANCED EMT PROGRAMS.
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IRS990/ProgSrvcAccomActy3Grp/Desc0THIS YEAR, WE CONTINUED TO ELEVATE THE COMMUNITIES THAT WE SERVE BY DONATING TO COMMUNITY ORGANIZATIONS THAT FOCUS ON OUR 12 CORE DEVELOPMENT ISSUES, INCLUDING THROUGH A NEW FUNDRAISING INITIATIVE. WE ALSO PROVIDED SUPPORT TO THOSE AFFECTED BY THE WILDFIRES IN NEW MEXICO. IN 2024, THE GECU FOUNDATION LAUNCHED ITS FIRST MATCHING MAY CAMPAIGN, WHERE WE MATCHED DONATIONS OF UP TO $12,000 TO EACH OF THE 12 NONPROFIT ORGANIZATIONS THAT WE SELECTED. EACH OF THE SELECTED NONPROFITS REPRESENTS ONE OF OUR CORE DEVELOPMENT ISSUES THAT ARE CRUCIAL FOR THE ECONOMIC GROWTH AND PROSPERITY OF THE EL PASO, TEXAS, COMMUNITY. THROUGHOUT MAY, THE EL PASO COMMUNITY CAME TOGETHER TO SUPPORT THEIR FAVORITE CHARITIES THROUGH DONATIONS. THE MISSION OF THE EL PASO GOLD STAR MEMORIAL IS TO HONOR AND RECOGNIZE THE FAMILIES OF SERVICE MEMBERS WHO HAVE PASSED AWAY IN SERVICE TO THE COUNTRY. THE ORGANIZATION SERVES AS A REMINDER OF THE SACRIFICES MADE BY MILITARY FAMILIES AND THE NATION'S DEBT OF GRATITUDE TO THEM. THEIR EFFORTS INCLUDE CONSTRUCTING MEMORIALS, HOSTING EVENTS AND PROVIDING SUPPORT TO GOLD STAR FAMILIES. THE UTEP FOSTER HOMELESS ADOPTED RESOURCES PROGRAM PROVIDES COMPREHENSIVE ACADEMIC AND SOCIAL WELFARE SERVICES TO UTEP STUDENTS WHO WERE ADOPTED, HAVE AGED OUT OF FOSTER CARE, AND/OR ARE EXPERIENCING HOUSING INSECURITY. THIS GRANT HELPS EMPOWER GENERATIONS OF VULNERABLE STUDENTS BY OFFERING THEM THE ESSENTIAL SUPPORT THAT IS REQUIRED FOR THEM TO COMPLETE THEIR UNIVERSITY DEGREE. OUR CONTRIBUTION HELPED EIGHT STUDENTS RECEIVE FINANCIAL ASSISTANCE FOR NEEDS SUCH AS PURCHASING BOOKS AND SUPPLIES, COVERING UTILITY BILLS, SECURING DEPOSITS FOR RENTAL UNITS, TRANSPORTATION COSTS, AND MORE. IN THE SPIRIT OF THE CREDIT UNION'S PEOPLE HELPING PEOPLE PHILOSOPHY, THE GECU FOUNDATION SUPPORTED THOSE AFFECTED BY THE WILDFIRES IN RUIDOSO, NEW MEXICO, THROUGH THE AMERICAN RED CROSS. WE ARE GRATEFUL TO GECU MEMBERS AND EMPLOYEES AND OUR COMMUNITY FOR HELPING US MAKE THIS CONTRIBUTION.
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