Wednesday, December 19, 2007

Sallie Mae Employees, The Sallie Mae Fund Contribute $1 Million to The United Way

RESTON, Va., In 2007, Sallie Maeemployees reached into their hearts and wallets to provide assistance to families and communities across the country: with matching grants from The Sallie Mae Fund, combined giving to the United Way totaled $1 million. Employees donated nearly $650,000 through payroll deductions in 2007 and The Sallie Mae Fund, a charitable organization sponsored by Sallie Mae, gave more than $350,000.

The gifts from Sallie Mae employees and The Sallie Mae Fund help United Way in its effort to improve the quality of life for children and families by uniting effective partners, wise investments, and committed volunteers to create measurable differences in local neighborhoods. Since 2005, Sallie Mae employees and The Sallie Mae Fund have donated more than $2.7 million to the United Way.

"The Sallie Mae Fund is proud to honor the philanthropic commitment of more than 12,000 Sallie Mae employees nationwide by providing additional funding to local United Way chapters," said Kathleen deLaski, president of The Sallie Mae Fund. "Along with our important efforts to increase access to higher education for deserving students, The Fund aims to bolster employee volunteerism and community service in the communities where Sallie Mae employees live and work."

Beneficiaries of Sallie Mae/The Sallie Mae Fund campaigns since 2005 include United Way chapters located in and around:

Chemung and Steuben Counties, N.Y.
Cincinnati, Ohio
Denver, Colo.
Eastern Massachusetts
Ft. Hood, Texas
Indianapolis, Ind.
Johnson County, Iowa
King County, Wash.
Maricopa County, Ariz.
Northwest Florida
Southern Nevada
Washington, D.C.
Wyoming Valley, Pa.

SLM Corporation , commonly known as Sallie Mae, is the nation's leading provider of saving- and paying-for-college programs. The company manages $160 billion in education loans and serves nearly 10 million student and parent customers. Through its Upromise affiliates, the company also manages $19 billion in 529 college-savings plans, and 8 million members have joined Upromise to help save for college with rewards on purchases at nearly 70,000 places. Sallie Mae and its subsidiaries offer debt management services as well as business and technical products to a range of business clients, including higher education institutions, student loan guarantors and state and federal agencies. SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.

Sallie Mae serves people around the country, and its approach to giving back is no different. From Massachusetts to Arizona, the company and its employees are helping United Way chapters across the country. The company's employees give through payroll deduction, and then the Sallie Mae Fund matches those donations. Perhaps other national companies will follow their lead.

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