Funder DirectoryTHE SALLIE MAE FUND INC
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Private foundation (trust)EIN 522015381Est. 1998-08

THE SALLIE MAE FUND INC

NEWARK, DE 19713

Total Assets

$2.5M

FY 2024

Annual Giving

$3.0M

FY 2024

Grants Made

21

FY 2024

Avg Grant

$143K

FY 2024

Grant Range

$4K–$1.6M

Typical

Deadlines

Applications

Focus Areas

Education

Financial Snapshot

2024 filing

Total Revenue

$261K

Total Expenses

$3.1M

Qualifying Distributions

$3.1M

Distributable Amount

$184K

Min. Investment Return

$187K

Payout rate 100%Arc chart showing what share of IRS distributable amount was paid out as qualifying distributions in the latest filing.100%

Payout rate

Qualifying distributions as a share of distributable amount.

Grant Range

21 grants

Grant sizes from minimum $4K through median $50K to maximum $1.6M, shown on a logarithmic scale.

Logarithmic scale — typical grant portfolios span orders of magnitude, so distances are proportional to multiplicative change, not dollar gaps.

Giving Over Time

5 years

Giving over time from 2018 to 2024. Peak $3.0M in 2024. Hover bars for details.

Total dollars recorded per filing year. Scale adjusts to the foundation's range.

Top Recipients

88 grants

THURGOOD MARSHALL COLLEGE FUND
$3.5M
3 grants
DELAWARE STATE UNIVERSITY
$600K
2 grants
HBCU WEEK FOUNDATION INC
$500K
3 grants
COMMUNITY FOUNDATION OF GREATER WASHINGTON
$411K
2 grants
POINT FOUNDATION
$225K
2 grants
UTAH FOOD BANK
$200K
1 grant
FOOD BANK OF DELAWARE
$200K
1 grant
GLEANERS FOOD BANK OF INDIANA
$200K
1 grant

Grant Size Distribution

88 grants

<$10K
36
grants
$10–50K
23
grants
$50–250K
24
grants
$250K–1M
3
grants
$1–5M
2
grants
$5M+

Geographic Focus

21 states

District of Columbia
$4.2M
52% of total
Delaware
$1.5M
18% of total
California
$350K
4% of total
Utah
$350K
4% of total
New York
$311K
4% of total
Virginia
$305K
4% of total
Indiana
$296K
4% of total
Massachusetts
$277K
3% of total
Texas
$176K
2% of total
Oklahoma
$160K
2% of total

+11 more states

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THE SALLIE MAE FUND INC — Grants, Financials & Contact | Grantivo