The Sallie Mae Fund Inc is a private, company-sponsored foundation established in Virginia in 1998 and currently headquartered in Newark, Delaware. The organization operates as a 501(c)(3) tax-exempt entity dedicated to expanding access to higher education and supporting early childhood education initiatives.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.5M
-52.6% YoY
Annual Giving
$3.0M
+101.4% YoY
Grant Count
21
+90.9% YoY
Avg Grant Size
$143K
+5.5% YoY
Mission & Focus Areas
The Fund's mission centers on giving primarily to support programs that encourage higher education and prepare families for their college investments. The organization also provides funding for programs that promote early childhood education.
The Fund's primary program area is Kids2College, an early-college awareness initiative. This six-session curriculum is delivered within schools and community groups to middle school students to encourage them to begin thinking about college. The Fund provides training to college-access partners nationwide, offers its national core curriculum, and maintains an online community to support program partners. As of recent reporting, the program reached approximately 50,000 students through roughly 450 partner schools and organizations.
Grantmaking
The Fund makes grants to support higher education access and completion, with a particular focus on underserved communities and first-generation students.
Grant Range
** Typical awards range from $3,731 to $1,625,250.
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Geographic Focus
Where this funder awards grants
The Fund's grantmaking focuses primarily on New York, Delaware, and the District of Columbia.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $2,524,011
- Total Revenues: $260,760
- Total Expenses: $3,062,913
- Total Liabilities: $0
Historical Assets (2023):
- Total Assets: $5.33M
- Total Revenues: $358,000
- Total Expenses: $1.51M
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,524,011 | $5,326,164 | $6,476,932 |
| Revenue | $260,760 | $357,957 | $102,983 |
| Expenses | $3,062,913 | $1,508,725 | $1,634,480 |
| Qualifying Distributions | $3,055,666 | $1,504,725 | $1,631,978 |
| Net Investment Income | $225,072 | $326,955 | $101,631 |
| Distributable Amount | $184,036 | $305,457 | $423,170 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
70 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JENNY MENNA | DIRECTOR | 0.5 | — |
| JENNIFER BYERS | PRESIDENT | 0.5 | — |
| ANTOINE OAKLEY | VICE PRESIDENT | 0.5 | — |
| PATRICK CHAING | SECRETARY | 0.5 | — |
| CHRISTINA VOGEL | TREASURER | 15 | — |
| NICOLAS JAFARIEH | DIRECTOR | 0.5 | — |
| KATHY EDWARDS | DIRECTOR | 0.5 | — |
| PATRICK FREEMAN | DIRECTOR | 0.5 | — |
Recent News & Activity
Recent developments and announcements
The Fund has been actively engaged in scholarship and grant distribution:
**2024:** Awarded a $75,000 grant to DC College Access Program to support higher education access and completion, with contributions supporting DC-CAP's 2050 Moonshot Goal of an 80% city-wide six-year college graduation rate.
The Sallie Mae Fund Grants $75,000 to DC College Access Program to Support**2025:** Opened application windows for the Bridging the Dream Scholarship program for high school seniors and the Completing the Dream Scholarship program. The Fund awarded $500,000 in scholarships to help students access and complete college.
The Sallie Mae Fund Grants $75,000 to DC College Access Program to SupportContact Information
Address: 300 Continental Drive, Newark, DE 19713-4329
Phone: 302-451-0200
Website: www.thesalliemaefund.org
EIN: 52-2015381
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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