505 Sports Venture Foundation - New Mexico Lobos Collective

The 505 Sports Venture Foundation is a New Mexico-based nonprofit corporation dedicated to the support of New Mexico Lobos student-athletes seeking to monetize the use of their NIL. The collective proudly touts itself as a proud partner for UNM Athletics on its website. “505 Sports Venture Foundation assists with securing endorsements, appearances, and other NIL-related financial opportunities,” the collective’s website says. “We offer support and resources to our clients, including financial literacy, compliance reporting, contract vetting, tax assistance, mentoring and personal growth opportunities.” Collective operator Kurt Roth said the 505SVF paid 32 Lobo athletes $525,000 through June 30, 2023.