History

Our History


Investing in New England’s future since 1990.

The Nellie Mae Education Foundation, New England’s largest public charity focused solely on education, has worked for over 20 years to help our region prosper by preparing all of its learners for success. 

We’re proud of the milestones we’ve set, and the students and educators we’ve reached, since our founding in 1990. 


1990

The Nellie Mae Corporation (NMC), a nonprofit education-financing company, creates the Fund for Education, pioneering philanthropy within the student loan industry.

1990-1998

Over these eight years, the Fund for Education provides $5 million in support, advancing more than 300 education programs throughout the region.

1998-2001

NMC is sold to Sallie Mae (SLM Holding), creating the endowment for the Nellie Mae Foundation. Grants are provided to improve underserved student access to higher education.

2001-2007

Nellie Mae Foundation becomes the Nellie Mae Education Foundation, launching four strategic initiatives: Adult Learning, College Prep, Minority High Achievement, and “Out-of-School Matters!”

2008-2010

To better achieve its mission of improving outcomes for underserved learners, the Foundation shifts its focus from college accessibility to education systems change.

2010-2014

The Foundation shifts its focus to promoting the integration of student-centered approaches to learning at the high school level. The Foundation’s grantmaking focuses on four initiatives: District-Level Systems Change, State-Level Systems Change, Research & Development, and Public Understanding and Demand.
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2015-Present

As a result of setting an ambitious target of ensuring that 80% of New England students are college and career ready by 2030, the Foundation launches four strategic initiatives that set out to advance the 2030 target: Build Public Understanding and Demand; Build Educator Ownership, Leadership and Capacity; Develop Effective Systems Designs; and Advance Quality and Rigor of Student-Centered Practices.