Philanthropy at Sallie Mae
Philanthropy and corporate citizenship go hand-in-hand at Sallie Mae where the company encourages its employees to improve their communities with donations of time, talent and money. In recent months, employees have distributed and read books to kids through Reading Is Fundamental, volunteered to help Junior Achievement inspire and prepare young people to succeed in a global economy, collected food for families in need, and given the gift of life by participating in blood drives.
In honor of the philanthropic commitment of Sallie Mae employees nationwide, the company offers employee programs to provide up to four hours of paid leave time per month to volunteer for a Sallie Mae-supported, education program in their community.
The Sallie Mae Fund
The Sallie Mae Fund, a charitable organization sponsored by Sallie Mae, achieves its mission — to increase access to higher education for America's students — by supporting programs and initiatives that help open doors to higher education, prepare families for their college investment, and bridge the gap when no one else can.
In addition, The Sallie Mae Fund encourages employee volunteerism and community service in the communities where Sallie Mae employees live and work.
Sallie Mae established a donor-advised fund at The Community Foundation for the National Capital Region in 1992, with an initial grant of $2 million, to institutionalize its history of educational programs, scholarships, employee volunteerism, and community service.
In the late 1990s, The Fund's giving efforts evolved to focus on access philanthropy — promoting that a higher education is accessible and affordable to all. Since 2001, The Sallie Mae Fund has contributed more than $123 million, largely to address key barriers to college access.
Sallie Mae employees raise money to assist people with special needs by participating in the Easter Seals Delaware Volleyball Challenge.
Employee Michael Walter distributes free books to children at a local elementary school through a Reading Is Fundamental volunteer program.