Permanent Fund

Permanent fund: Permanent Fund depletion will hurt the future of New Mexico’s children. The Land Grant Permanent Fund (LGPF) is New Mexico’s education endowment fund. Left alone (at the current 5% allocation rate), the LGPF will soon provide $1 billion dollars annually for education. Increasing the current distribution rate jeopardizes future distributions and, historically, increased funding has not improved educational outcomes.