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Sallie Mae Fund is a private corporation based in NEWARK, DE. The foundation received its IRS ruling in 1998. The principal officer is Sallie Mae Inc.. It holds total assets of $2.5M. Annual income is reported at $261K. Total assets have grown from $5K in 2011 to $2.5M in 2024. The foundation is governed by 6 officers and trustees. The foundation operates in the area of education. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2024. The foundation primarily funds organizations in District of Columbia, New York and California. According to available records, Sallie Mae Fund has made 43 grants totaling $6.6M, with a median grant of $52K. Annual giving has decreased from $1.9M in 2020 to $1.5M in 2023. Grantmaking activity was highest in 2022 with $3.2M distributed across 20 grants. Individual grants have ranged from $25K to $1.2M, with an average award of $153K. The foundation has supported 25 unique organizations. The foundation primarily supports organizations in District of Columbia, Delaware, Utah, which account for 44% of all grants. Grantmaking reaches organizations across 11 states. Contributions to this foundation are tax-deductible.
Smallest Grant
N/A
Median Grant
$850
Average Grant
$89K
Largest Grant
$1M
Based on 16 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Sallie Mae Fund primarily funds organizations in the area of education. Based on available records, the foundation has funded 43 grants. Its grantmaking reaches organizations primarily in DC, DE, UT.
Sallie Mae Fund has distributed a total of $6.6M across 43 grants. The median grant size is $52K, with an average of $153K. Individual grants have ranged from $25K to $1.2M.
Sallie Mae Fund typically selects its grantees rather than accepting unsolicited proposals.
Sallie Mae Fund is headquartered in NEWARK, DE. While based in DE, the foundation distributes grants to organizations across 11 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Lori Aiken | DIRECTOR | $0 | $0 | N/A |
| Kerri Palmer | DIRECTOR | $0 | $0 | N/A |
| Antoine Oakley | PRESIDENT/VICE PRESIDENT | $0 | $0 | N/A |
| Nic Jafarieh | DIRECTOR | $0 | $0 | N/A |
| Anne Milen | SECRETARY | $0 | $0 | N/A |
| Christina Vogel | TREASURER | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$2.5M
Fair Market Value
N/A
Net Worth
$2.5M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
43
Total Giving
$6.6M
Average Grant
$153K
Median Grant
$52K
Unique Recipients
25
Most Common Grant
$50K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Thurgood Marshall College FundGENERAL OPERATING EXPENSES | Washington, DC | $673K | 2023 |
| Delaware State UniversityGENERAL OPERATING EXPENSES | Dover, DE | $225K | 2023 |
| Hbcu Week Foundation IncGENERAL OPERATING EXPENSES | Wilmingtonn, DE | $200K | 2023 |
| Your Cause LlcGENERAL OPERATING EXPENSES | Carrollton, TX | $124K | 2023 |
| Folds Of HonorGENERAL OPERATING EXPENSES | Owasso, OK | $60K | 2023 |
| Boys And Girls Club Of DelawareGENERAL OPERATING EXPENSES | Wilmingtonn, DE | $60K | 2023 |
| Epsilon Zeta Boule FoundationGENERAL OPERATING EXPENSES | Ashburn, VA | $35K | 2023 |
| Techpoint Foundation For YouthGENERAL OPERATING EXPENSES | Indianapolis, IN | $35K | 2023 |
| Bottom LineGENERAL OPERATING EXPENSES | Boston, MA | $25K | 2023 |
| Dc PrepGENERAL OPERATING EXPENSES | Washington, DC | $25K | 2023 |
| Boys And Girls Club Of Greater Salt LakeGENERAL OPERATING EXPENSES | Murray, UT | $25K | 2023 |
| Summit Land ConservancyFRANK PULEO - SUMMIT LAND CONSERVANCY | Park City, UT | $50K | 2022 |
| Buffalo Bill Memorial AssociationBILL SHIEBLER - BUFFALO BILLS MEMORIAL ASSOC | Cody, WY | $50K | 2022 |
| Community Foundation Of Greater WashingtonGENERAL OPERATING EXPENSES | Washington, DC | $271K | 2020 |
| Loudoun Hunger ReliefGENERAL OPERATING EXPENSES | Leesburg, VA | $200K | 2020 |
| Utah Food BankGENERAL OPERATING EXPENSES | Salt Lake City, UT | $200K | 2020 |
| The Greater Boston Food BankGENERAL OPERATING EXPENSES | Boston, MA | $200K | 2020 |
| Food Bank Of DelawareGENERAL OPERATING EXPENSES | Newark, DE | $200K | 2020 |
| Gleaners Food Bank Of IndianaGENERAL OPERATING EXPENSES | Indianapolis, IN | $200K | 2020 |
| National Urban League IncGENERAL OPERATING EXPENSES | New York, NY | $125K | 2020 |
| (Hacu) Hispanic Assoc Of Colleges & UniversitiesGENERAL OPERATING EXPENSES | Washington, DC | $125K | 2020 |
| Point FoundationGENERAL OPERATING EXPENSES | Los Angeles, CA | $125K | 2020 |
| The Entertainment Industry FoundationGENERAL OPERATING EXPENSES | Los Angeles, CA | $125K | 2020 |
| Network For GoodGENERAL OPERATING EXPENSES | Washington, DC | $60K | 2020 |
| City University Of New York (Cuny)RAY QUINLAN DONATION TO CUNY | New York, NY | $50K | 2020 |