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EIN 52-2015381

The Sallie Mae Fund

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Newark
State
Delaware
Year formed
1998
Most recent tax filings
2023-12-01
NTEE code, primary
T21: Corporate foundations
Description
The Sallie Mae Fund supports students with scholarships, financial resources, and educational programs to enhance access to higher education, especially for underserved communities.
Total revenues
$357,957
2023
Total expenses
$1,508,725
2023
Total assets
$5,326,164
2023
Num. employees
0
2023

Program areas at The Sallie Mae Fund

Kids2college- kids2college is The Fund's early-college awareness program. This six-session curriculum is tought within schools and community groups to middle school students and encourages them to start thinking about college. The fund:-continued to provide training to college-access partners nationwide.-continued to offer its national core curriculum and online community to suppoet program partners.-reached roughly 50,000 students with approcimately 450 partner schools/organizations.
Payments as part of a settlement

Grants made by The Sallie Mae Fund

GranteeGrant descriptionAmount
Thurgood Marshall College Fund (TMCF)General Operating Expenses$672,500
Delaware State University (DSU)General Operating Expenses$225,000
Hbcu Week FoundationGeneral Operating Expenses$200,000
...and 7 more grants made

Who funds The Sallie Mae Fund

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Home Neighborly Service of DenverGeneral Support$22,358

Personnel at The Sallie Mae Fund

NameTitleCompensation
Jonathan W. WitterChief Executive Officer
Kerri PalmerExecutive Vice President , Chief Operational Officer , and President of Sallie Mae Bank$0
Pete GrahamExecutive Vice President and Chief Financial Officer
Nicolas JafariehExecutive Vice President and Chief Legal , Government Affairs , and Communications Officer$0
Will BringsChief Human Resources Officer
...and 5 more key personnel

Financials for The Sallie Mae Fund

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Investment income and dividends$326,955
Net rental income$0
Net gain from sale of non-inventory assets$0
Gross sales of inventory$0
Miscellaneous revenues$31,002
Total revenues$357,957

Form 990s for The Sallie Mae Fund

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-12990PFView PDF
2022-122023-11-08990PFView PDF
2021-122022-11-07990PFView PDF
2020-122021-11-03990PFView PDF
2019-122021-06-11990PFView PDF
...and 9 more Form 990s
Data update history
December 28, 2024
Used new vendors
Identified 1 new vendor, including
December 28, 2024
Updated personnel
Identified 6 new personnel
November 8, 2024
Updated personnel
Identified 10 new personnel
September 26, 2024
Updated personnel
Identified 2 new personnel
January 1, 2024
Posted financials
Added Form 990PF for fiscal year 2022
Nonprofit Types
Grantmaking organizationsPrivate foundationsCorporate foundationsPrivate non-operating foundationsCharities
Issues
Education
Characteristics
Provides grantsPartially liquidatedTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
300 Continental Dr
Newark, DE 19713
Metro area
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
County
New Castle County, DE
Website URL
salliemae.com/ 
Phone
(302) 451-0200
IRS details
EIN
52-2015381
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
1998
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T21: Corporate foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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