The Sallie Mae Fund Inc
Invitation OnlyNewark, Delaware · EIN 52-2015381 · Private foundation · Website
Grants paid (2024)$3M
Organizations funded21
Typical grant$50,000
Total assets$2.5M
Half of its grants to organizations were between $25,000 and $99,254.
From the return
How to apply
On its return for tax year 2024 the foundation checked the box saying it only makes contributions to preselected charitable organizations and does not accept unsolicited requests for funds.
What it funds
Share of grant lines on the latest return, classified from the purpose each grant states.
Where it gives
80% of grants went outside Delaware.
Grants paid in tax year 2024
| Recipient | Location | Purpose | Amount |
|---|---|---|---|
| Thurgood Marshall College Fund | Washington, DC | General operating expenses | $1,625,250 |
| Delaware State University | Dover, DE | General operating expenses | $375,000 |
| Hbcu Week Foundation Inc | Wilmingtonn, DE | General operating expenses | $200,000 |
| Point Foundation | Los Angeles, CA | General operating expenses | $100,000 |
| Stony Brook Foundation | Stony Brook, NY | General operating expenses | $100,000 |
| Your Cause LLC | Charleston, SC | Employees matching gifts program | $99,254 |
| DC College Access Program | Washington, DC | Generating operating expenses | $75,000 |
| Boys and Girls Club of Delaware | Wilmingtonn, DE | General operating expenses | $60,000 |
| Folds of Honor | Owasso, OK | General operating expenses | $50,000 |
| The American College of the Maditerranean | Tempe, AZ | General operating expense | $50,000 |
| Utah State University | Logan, UT | General operating expenses | $50,000 |
| Epsilon Zeta Boule Foundation | Ashburn, VA | General operating expenses | $35,000 |
| Techpoint Foundation for Youth | Indianapolis, IN | General operating expenses | $35,000 |
| Bottom Line | Boston, MA | General operating expenses | $25,000 |
| Boys and Girls Club of Greater Salt Lake | Murray, UT | General operating expenses | $25,000 |
| DC Prep | Washington, DC | General operating expenses | $25,000 |
| Girls Inc of NYC | New York City, NY | General operating expenses | $25,000 |
| Latin American Community Center | Wilmingtonn, DE | General operating expenses | $25,000 |
| Binghamton University | Binghamton, NY | General operating expenses | $6,305 |
| Ronald Mcdonald House | Washington, DC | General operating expenses | $5,000 |
| Baruch Collegecuny | New York, NY | General operating expenses | $3,731 |
Giving by year
| Tax year | Grants paid | Grant lines |
|---|---|---|
| 2024 | $2,994,540 | 21 |
| 2023 | $1,486,763 | 11 |
Sources
- IRS Form 990-PF, tax year 2024, filed Nov 7, 2025 - IRS e-file batch, object ID 202513119349101426
- IRS Tax Exempt Organization Search for EIN 52-2015381
- Profile updated Nov 5, 2026
Facts on this page come from the foundation's own IRS Form 990-PF filings as published by the IRS. Grantvello does not know whether a foundation is accepting proposals right now: a past grant is not an open opportunity. Always confirm current guidelines with the funder before applying.