The Nyenrode Fund Foundation (SNF) was established in its current form and mission in 2004. In the years before, the fund had a dormant existence after having emerged from the Nijenrode Study Fund. This fund provided soft loans and gifts to students to pay for their studies. From the start in 1946 by the business community, Nyenrode (then called NOIB) has been a private course that does not receive any government subsidy. Before 2004, the Fund fulfilled the traditional role of an endowment fund based on the Anglo-Saxon example. A tribal capital, mainly due to a number of large donations from US alumni and a large donation from Sam Johnson and S.C. Johnson Wax, with which the return could provide financial support through scholarships to talented students.