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The Veteto Foundation was created in 2006 by Burton and Mark Veteto as a platform to give something back to the community of Hobbs New Mexico. The Veteto Foundation is awarding up to five outstanding teachers an award of 5000 each in order to recognize their value and service to the community of Hobbs. The award will be presented annually to K12 classroom teachers. A teacher must have a minimum of five years teaching experience with the Hobbs Municipal Schools.