Lumina Foundation Explained
| Lumina Foundation |
| Size: | 250px |
| Founder: | Conversion from USA Group |
| Location: | Indianapolis, Indiana, U.S. |
| Area Served: | United States |
| Focus: | Expanding access and success in postsecondary education |
| Method: | Grants, funding |
| Endowment: | 1.4 billion USD |
| Revenue: | $101,413,918[1] |
| Revenue Year: | 2022 |
| Expenses: | $63,876,354 |
| Expenses Year: | 2022 |
Lumina Foundation is a private, Indianapolis-based foundation with about $1.4 billion in assets. Since its founding in August 2000, Lumina has made grants totaling more than $250 million.[2] [3]
History
Lumina Foundation is a conversion foundation created in mid-2000 as USA Group, Inc., which sold most of its operating assets to the Student Loan Marketing Association, Inc. (Sallie Mae). Proceeds from the sale established the USA Group Foundation with an endowment of $770M. The foundation was renamed Lumina Foundation for Education in February 2001.[4]
Lumina's early grant making efforts provided start-up funding for three initiatives: Achieving the Dream: Community Colleges Count;[5] KnowHow2GO, a college-access campaign;[6] and College Productivity, formerly known as Making Opportunity Affordable.[7]
Presidents
External links
Notes and References
- Web site: Lumina Foundation for Education, Inc. . 14 November 2016 . Foundation Center . 18 January 2018 .
- Web site: Lumina Foundation web site About Us page . 2006-09-16 .
- Web site: Lumina Foundation web site FAQs page . 2006-09-16 . https://web.archive.org/web/20060831034013/http://www.luminafoundation.org/about_us/faqs.html . 2006-08-31 . dead .
- Web site: From the ground up: an early history of Lumina Foundation for Education . 2008-12-11 . https://web.archive.org/web/20110915214752/http://www.luminafoundation.org/publications/From_the_Ground_Up.pdf . 2011-09-15 . dead .
- Web site: NATIONAL INITIATIVE TO HELP MORE COMMUNITY COLLEGE STUDENTS SUCCEED WILL EXPAND TO 24 NEW COLLEGES IN EIGHT STATES . 2011-06-30 . https://web.archive.org/web/20111008034313/http://www.achievingthedream.org/News_Release/Apr162007.pdf . 2011-10-08 . dead .
- Web site: Learn More About KnowHow2Go .
- Web site: Lumina Foundation Web site Our Initiatives page . 2008-12-11 . https://web.archive.org/web/20080630032849/http://www.luminafoundation.org/our_work/our_initiatives/ . 2008-06-30 . dead .
- Web site: President's Corner . 2008-12-11 .
