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

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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 site

College Grants

Organizational Profile
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) {{DEFAULTSORT:Lumina Foundation Educational foundations in the United States Organizations established in 2000 Non-profit organizations based in Indianapolis 2000 establishments in Indiana