Funding foundations

In the aggregate, our strategic partnerships with nonprofit student loan businesses have provided nearly $2 billion of up-front funding for five higher education foundations across the country.

• Southwest Student Services, 2004
  $500 million to the Helios Education Foundation to fund its mission of education philanthropy and make it the largest foundation in Arizona.
• Student Loan Finance Association, 2004
  More than $100 million for the Education Assistance Foundation, a Seattle-based foundation dedicated to education.
• Student Loan Funding, 2000
  $117.3 million to the Thomas L. Conlan Education Foundation (today known as KnowledgeWorks Foundation), a Cincinnati-based foundation that supports college access initiatives, school-to-career programs, and early childhood learning activities throughout Ohio.
• USA Group, 2000
  $770 million to the USA Group Foundation (today known as the Lumina Foundation), a charitable foundation dedicated primarily to expanding access to education through research, information, and innovation.
• Nellie Mae, 1999
  $320 million to the Nellie Mae Foundation (today known as the Nellie Mae Education Foundation), New England's largest public charity dedicated exclusively to improving academic achievement for the region's underserved communities.