Calendar Year

Employees Volunteer to Get Cash Rewards

In addition to providing funding, the foundation supports community organizations by offering human resources through the WAVE program. WAVE is a volunteer program that helps Fannie Mae and Fannie Mae Foundation employees find volunteer opportunities and provide incentives for employees to participate in volunteer activities. Employees can receive up to 10 hours of paid leave per month to perform community service. The WAVE program also features a grants program called Dollars for Doers which matches employee volunteer hours with cash grants to the organizations for which they volunteer. Dollars for Doers grants range from $100 for 25 hours of service to $500 for 100 or more hours of service in one calendar year. The Employee Matching Gifts Program is another component of WAVE, which matches personal financial contributions by employees, up to $10,000 per year. Contact: Fannie Mae Foundation, 4000 Wisconsin Ave. N.W., N. Tower, Ste. 1, Washington, DC 20016-2804; (202) 274-8066 or (202) 274-8057 or (202) 274-8000; Fax: (202) 274-8100


Free $$$$$ to Pay Off Federally Insured Student Loans

The U.S. Federal Government has established a student loan repayment program which authorizes agencies to repay certain types of federally insured student loans as a recruitment or retention incentive for highly qualified personnel. If you qualify, an agency may agree to provide student loan repayment benefits of up to $10,000 per calendar year, subject to a cumulative maximum of $60,000 per employee. Contact The Office of Personnel Management, 1900 E Streets NW, Washington, DC 20415-1000; 202-606-1800; Continue reading

Get 100000 Grant From The IRS

Organizations providing low-cost legal assistance to people involved in tax disputes can apply for grants worth up to $100,000 for the calendar year. This year $6 million was awarded to 102 organizations. Grants are awarded in December for the following year. To qualify for a grant, tax clinics must be run by accredited law, business, or accounting schools whose students represent taxpayers in tax disputes with the IRS or in the courts, or by tax-exempt organizations. These groups can represent taxpayers in tax-related matters, refer taxpayers to qualified representatives and provide non-English speaking taxpayers information about their tax rights and responsibilities. Clinics may charge tax payers a small fee for legal help. For more information request application package in Publication 3319 by phone at 800-829-3676 or visit the following web sites


3800 in Supplemental Money

Sallie Mae Fund Unmet Need Scholarship Program applicants must have a cumulative GPA between 2.5 and 3.0 (on a 4.0 scale) or GED average test score between 42 and 52. Must be a U.S. citizen and have a family adjusted gross income for calendar year 2003 of $30,000 or less. Applicant must demonstrate unmet financial need of more than $1,000 after the financial aid award package has been determined. Must be a high school senior or graduate planning to enroll or already enrolled in a full-time undergraduate course of study at an accredited post secondary institution. Application Deadline is May 31, 2004. Scholarship awards, ranging from $1,000 to $3,800.