Lumina Foundation is a private,
Indianapolis
Indianapolis (), colloquially known as Indy, is the state capital and most populous city of the U.S. state of Indiana and the seat of Marion County. According to the U.S. Census Bureau, the consolidated population of Indianapolis and Marion ...
-based foundation with about $1.4 billion in assets. Since its founding in August 2000, Lumina has made grants totaling more than $250 million.
History
Lumina Foundation is a
conversion foundation
Conversion or convert may refer to:
Arts, entertainment, and media
* "Conversion" (''Doctor Who'' audio), an episode of the audio drama ''Cyberman''
* "Conversion" (''Stargate Atlantis''), an episode of the television series
* "The Conversion" ...
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.
Lumina's early grant making efforts provided start-up funding for three initiatives: Achieving the Dream: Community Colleges Count; KnowHow2GO, a college-access campaign; and College Productivity, formerly known as Making Opportunity Affordable.
Presidents
* Martha Lamkin 2000-2007
*
Jamie P. Merisotis 2007–present
References
External links
Lumina Foundation Web siteCollege GrantsOrganizational Profile–
National Center for Charitable Statistics
The National Center for Charitable Statistics (NCCS) is a clearing house for information about the nonprofit sector of the U.S. economy. The National Center for Charitable Statistics builds national, state, and regional databases and develops st ...
(
Urban Institute
The Urban Institute is a Washington, D.C.–based think tank that carries out economic and social policy research to "open minds, shape decisions, and offer solutions". The institute receives funding from government contracts, foundations and pr ...
)
{{DEFAULTSORT:Lumina Foundation
Educational foundations in the United States
Organizations established in 2000
Non-profit organizations based in Indianapolis
2000 establishments in Indiana