Investing in New Mexico’s Future.

Baby Bonds embody New Mexico's shared values of equity, economic mobility, and prosperity for all.

Baby Bonds provide a “nest egg” or “seed fund” to children at birth to ensure that every child has the financial foundation to pursue wealth building opportunities later in life. Baby Bonds help dismantle systemic inequities and foster a future where all families can build generational wealth, contributing to a more inclusive and thriving community.

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How Baby Bonds Work

Baby Bonds are an increasingly popular government policy in which children, ideally at birth, receive a publicly funded trust account. This provides them with future “start-up capital” to pursue fulfilling, productive, prosperous, and self-directed lives. The invested funds grow over time, becoming available when the child reaches adulthood. The funds can be invested in their education, or they can be used to start a business, purchase a home, or pursue other opportunities that foster upward mobility.

Partnership for Community Action, Abriendo Puertas/Opening Doors, MoneyByrd, and Prosperity Works are actively working toward greater awareness and implementation of Baby Bonds at a federal, state, and local level to build economic equity for all families.

Who Benefits from Baby Bonds?

Leslie Moreno-Roacho and her son, 1-year-old Zaiden, are the first family and child to receive a Baby Bond in New Mexico.

“I grew up very low income,” Leslie says, “I didn’t have the opportunity to go to college and I wanted to be a nurse.”

She’s excited that her son, and others, will have more opportunities than she had with the support of Baby Bonds.

“It’s amazing that the new generation is going to have the opportunity to go to school. To buy a home. A car,” she says.

Leslie came to New Mexico at 3 years old. She is the eldest of 5 siblings, and along with her parents, they all call New Mexico home.

“My son gets the opportunity that I never had.”

New Mexico families with children ages 0 to 5 who have participated in programs offered by Partnership for Community Action are eligible to receive a Baby Bond. Partnership for Community Action, Abriendo Puertas/Opening Doors, Prosperity Works, and MoneyByrd are committed to raising a capital of $6 Million to fund hundreds of Baby Bonds for New Mexico families. To find out more about eligibility, click below to learn more.

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Multi-Generational Impacts

Encourages Local Investment

Baby bonds provide young people with a compelling reason to stay, invest, and build wealth in their home state.

Promotes Asset-Building

These bonds support homeownership, entrepreneurship, and asset-building across all communities.

Facilitates Education and Careers

Recipients can afford education pathways and pursue career paths, enhancing their economic opportunities.

Breaks Poverty Cycles

Baby bonds address economic inequities, helping to break cycles of poverty that persist due to the racial wealth divide.

New Mexico has one of the widest income gaps between richest and poorest households in the country, ranking 45 out of 50. Now is the time to take action to close the racial wealth gap to build stronger economic communities and generational wealth.

Let’s close the racial wealth divide together.

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How else can I help build wealth in New Mexico?

Washington DC, Connecticut, and California have passed Baby Bond programs with state government agencies working toward implementation, backed by government funding. Momentum and support for Baby Bonds is building, with an additional eight states in the process of establishing programs.

New Mexico needs to be on the forefront of closing the racial wealth gap, ensuring all children have equal opportunities to grow and prosper in their home state.

Don’t wait to support this movement - be an advocate for all New Mexico children and get involved today!

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Frequently Asked Questions

Baby Bonds are an increasingly popular government policy in which every child born into poverty receives a publicly funded trust account at birth. This provides them with “start-up capital” to pursue fulfilling, productive, prosperous, and self-directed lives. The invested funds grow over time and are available to invest in education, start a business, own a home, or pursue other opportunities that foster upward mobility when the child reaches adulthood.

New Mexico families with children ages 0 to 5 who have participated in programs offered by Partnership for Community Action are eligible to receive a Baby Bond. Partnership for Community Action, Abriendo Puertas/Opening Doors, Prosperity Works and MoneyByrd are committed to raising a capital of $6 Million to fund hundreds of Baby Bonds for New Mexico families. To find out more about eligibility click learn more.

Wealth inequality has grown sharper along racial lines in the past decades. Black, Indigenous, and People of Color (BIPOC) have faced generations of systemic barriers to wealth building in New Mexico. Baby bonds invest in the futures of these children to repair and close this income gap and build equitable, generational wealth for all families.

Current landscape:

New Mexico has one of the widest income gaps between richest and poorest households in the country, ranking 45 out of 50. The top 1% make 15.5 times more than the bottom 99%.
Our state also ranks near the bottom in child poverty, with 24% of children living below the poverty line.

All New Mexican children deserve equal opportunities for prosperity. Partnership for Community Action, Abriendo Puertas/Opening Doors, Money Byrd, and Prosperity Works are actively working toward greater awareness and implementation of Baby Bonds at a federal, state, and local level to build economic equity for all families.

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Media Inquiries

Please reach out to BabyBondsNM@ForCommunityAction.org for more information.