Sallie Mae Donates $200,000 to the Utah Food Bank to Support Those Affected by COVID-19

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COVID-19 continues to present new challenges in communities across the country, including access to critical services and food supplies for the most vulnerable populations affected by this pandemic. In response, The Sallie Mae Fund, the charitable arm of Sallie Mae, today announced a $200,000 contribution to the Utah Food Bank.

This contribution is part of a $1 million emergency aid grant The Sallie Mae Fund is providing to food banks in states home to Sallie Mae facilities and where the companys nearly 2,000 employees live, work, and serve. Food banks in Delaware, Indiana, Massachusetts, and Virginia will also receive support from The Sallie Mae Fund.

We are honored to be the recipient of this remarkably generous donation from Sallie Mae, said Ginette Bott, Utah Food Bank President and CEO. With so much uncertainty in the future, it will go a long way in helping us respond to increased need as economic fallout from this crisis continues. On behalf of the 374,000 Utahns facing hunger, thank you for your support!

The contributions to the area food banks will support each organizations on-going emergency response efforts to combat food insecurity for families in our local communities who have been affected by COVID-19. Food banks across the country are on the front lines and showing extraordinary adaptability in the face of an ever-changing landscape.

Our food banks are a lifeline to our communities most vulnerable residents and during these uncertain times, theyve taken an unprecedented hit from increased demand, said Raymond Quinlan, Chairman and CEO, Sallie Mae. Coming together to support our neighbors in need is essential right now. This investment will help these vital organizations continue to provide food and other assistance as we respond to and manage through this pandemic.

Sallie Mae is also assisting customers in need and taking care of the employees who serve them. Sallie Mae customers who are experiencing hardship due to COVID-19 can request to temporarily postpone payments for three months. The company modified operations to enable social distancing and remote working capabilities with as little disruption to customers as possible.

These actions, including The Sallie Mae Funds grants to area food banks, are just a few examples of Sallie Maes commitment to its core values: Connect, Thrive, Do Right, Dare to Do, and Make a Difference. Sallie Maes efforts to live those values are highlighted in its forthcoming Corporate Social Responsibility report, Serving Students and Families: Supporting Dreams and Building Prosperous Futures.

For more information about Sallie Maes efforts in the community, visit SallieMae.com. For resources and information about Sallie Maes response to COVID-19, visit salliemae.com/coronavirus.

Sallie Mae (Nasdaq: SLM) believes education and life-long learning, in all forms, help people achieve great things. As the leader in private student lending, we provide financing and know-how to support access to college and offer products and resources to help customers make new goals and experiences, beyond college, happen. Learn more at SallieMae.com. Commonly known as Sallie Mae, SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.

The Sallie Mae Fund, the charitable arm of Sallie Mae, expands pathways for the successful development of youth, works to open doors to higher education, and supports employee volunteerism and communities, including those where Sallie Mae employees live and work. Since 2014 alone, it has awarded nearly $3.5 million in grants to local nonprofit organizations.

Jennifer Ruiz

302-273-4101

[email protected]