The Sallie Mae Fund Inc
Preselected recipients only
The Sallie Mae Fund Inc is a private foundation in Newark, Delaware. In tax year 2024 it gave $3.0 million in 21 grants; the typical grant was $50,000 and the largest $1.6 million. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$3.0 million
- Number of grants21
- Typical grant$50,000
- Largest grant$1.6 million
- Assets$2.5 million
- New grantees52%
Giving in 2024 was up from $1.5 million the year before.
52% of its 2024 grantees had not received a grant from it the year before, a sign it is open to new organizations.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $1.5 million | 11 | $5.3 million |
| 2024 | $3.0 million | 21 | $2.5 million |
How to apply
The Sallie Mae Fund Inc says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
Foundation website IRS filings on ProPublica
What The Sallie Mae Fund Inc funds
Where it gives
Its grants went to recipients in 11 states, the most to District of Columbia.
| State | Grants | Amount |
|---|---|---|
| District of Columbia | 4 | $1.7 million |
| Delaware | 4 | $660,000 |
| New York | 4 | $135,036 |
| California | 1 | $100,000 |
| South Carolina | 1 | $99,254 |
| Utah | 2 | $75,000 |
| Arizona | 1 | $50,000 |
| Oklahoma | 1 | $50,000 |
| Indiana | 1 | $35,000 |
| Virginia | 1 | $35,000 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| Thurgood Marshall College Fund | General operating expenses | $1.6 million |
| Delaware State University | General operating expenses | $375,000 |
| Hbcu Week Foundation Inc | General operating expenses | $200,000 |
| Point Foundation | General operating expenses | $100,000 |
| Stony Brook Foundation | General operating expenses | $100,000 |
| Your Cause LLC FBO the Blackbaud Giving Fund | Employees matching gifts program | $99,254 |
| DC College Access Program | Generating operating expenses | $75,000 |
| Boys and Girls Club of Delaware | General operating expenses | $60,000 |
| Folds of Honor | General operating expenses | $50,000 |
| The American College of the Maditerranean | General operating expense | $50,000 |
| Utah State University | General operating expenses | $50,000 |
| Epsilon Zeta Boule Foundation | General operating expenses | $35,000 |
| Techpoint Foundation for Youth | General operating expenses | $35,000 |
| Bottom Line | General operating expenses | $25,000 |
| Boys and Girls Club of Greater Salt Lake | General operating expenses | $25,000 |
| DC Prep | General operating expenses | $25,000 |
| Girls Inc of NYC | General operating expenses | $25,000 |
| Latin American Community Center | General operating expenses | $25,000 |
| Binghamton University | General operating expenses | $6,305 |
| Ronald McDonald House | General operating expenses | $5,000 |
| Baruch Collegecuny | General operating expenses | $3,731 |
Officers and trustees
- Jenny Menna
- Jennifer Byers
- Antoine Oakley
- Patrick Chaing
- Christina Vogel
- Nicolas Jafarieh
- Kathy Edwards
- Patrick Freeman
Questions people ask
Does The Sallie Mae Fund Inc accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does The Sallie Mae Fund Inc give?
$3.0 million in tax year 2024, across 21 grants, with a typical grant of $50,000.
Who runs The Sallie Mae Fund Inc?
Its 2024 filing lists Jenny Menna (Director), Jennifer Byers (President), Antoine Oakley (Vice President) and Patrick Chaing (Secretary) among 8 officers and trustees.
What does The Sallie Mae Fund Inc fund?
Based on its grants, mainly education and youth programs.