Philanthropic giving is approaching $600 billion annually in the United States, and New Mexicans do their part every year to underwrite the causes that matter most to them. Often overlooked among worthy food bank and animal welfare nonprofits are organizations that promote grass-roots economic development. Nonprofit lenders that offer business assistance — LiftFund, DreamSpring, and others — rely on private giving to support and enable individual entrepreneurship in our state.

Microlenders such as these manage separate pools of private and public money, which they make available as loans and lines of credit to small businesses — especially startup businesses and those in chronically underserved communities and populations. They also support their clients’ success through other services, such as business counseling, training, and mentoring.

Thoughtful contributions — sometimes known as social investments — to any one of these organizations have a way of living indefinitely into the future.