Lumina Foundation For Education Inc

Lumina Foundation For Education Inc Overview

Lumina Foundation For Education Inc is located in Indianapolis, IN. The organization was established in 1991. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 12/2019, Lumina Foundation For Education Inc generated $124.9m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 21.7% each year . All expenses for the organization totaled $87.7m during the year ending 12/2019. While expenses have increased by 10.4% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2018, Lumina Foundation For Education Inc has awarded 1,882 individual grants totaling $137,381,799. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2019

Describe the Organization's Program Activity:

Part 3 - Line 4a

PHILANTHROPY: THE FOUNDATION ACTIVELY SUPPORTS THE PHILANTHROPIC SECTOR AS WELL AS ORGANIZATIONS INVOLVED IN THE FIELD OF POST-SECONDARY EDUCATION. FOUNDATION EXECUTIVES AND EMPLOYEES ARE ACTIVE WITH PHILANTHROPIC ORGANIZATIONS IN INDIANAPOLIS, WHERE THE FOUNDATION IS HEADQUARTERED, AND IN THE VICINITY OF THE DISTRICT OF COLUMBIA, WHERE IT HAS A SATELLITE OFFICE, AS WELL AS WITH NATIONAL AND INTERNATIONAL PHILANTHROPIC ORGANIZATIONS THAT FOCUS ON THE NEED TO INCREASE ACCESS TO POST-SECONDARY EDUCATION, AS WELL AS COMPLETION OF DEGREE, CERTIFICATE AND CERTIFICATION PROGRAMS. FOUNDATION EXECUTIVES AND STAFF MEMBERS ALSO SERVE ON THE BOARDS OF LOCAL AND NATIONAL CHARITABLE ORGANIZATIONS. FOR EXAMPLE, THE FOUNDATION'S PRESIDENT AND CEO SERVES ON THE BOARD OF THE COUNCIL ON FOUNDATIONS AND THE CHILDREN'S MUSEUM OF INDIANAPOLIS. OTHER LUMINA EMPLOYEES SERVE ON BOARDS SUCH AS THE COMMUNICATIONS NETWORK AND THE INDIANA UNIVERSITY LILLY SCHOOL OF PHILANTHROPY.


CONFERENCES AND CONVENINGS: THE FOUNDATION CONVENES POST-SECONDARY EDUCATION LEADERS, POLICYMAKERS, RESEARCHERS, AND OTHERS WHO ARE INFLUENTIAL AND ACTIVELY INVOLVED IN EFFORTS TO EXPAND ACCESS TO AND SUCCESS IN POST-SECONDARY EDUCATION, PARTICULARLY AMONG DIFFICULT-TO-REACH POPULATIONS SUCH AS STUDENTS OF COLOR, ADULTS WHO DELAY THEIR PURSUIT OF EDUCATION BEYOND HIGH SCHOOL, FIRST-GENERATION STUDENTS, AND STUDENTS FROM LOW-INCOME FAMILIES. THESE CONVENINGS ARE FOCUSED ON BRINGING TOGETHER STAKEHOLDERS AROUND A RANGE OF TOPICS WITH THE OBJECTIVES OF LEARNING, BUILDING, SHARING, AND ACTING. TOPICS COVERED RANGE FROM OVERCOMING BARRIERS TO POST-SECONDARY EDUCATION TO INCREASING RATES OF PERSISTENCE AND COMPLETION AMONG STUDENTS WHO ENROLL IN COLLEGE OR OTHER POST-SECONDARY PROGRAMS.


RESEARCH AND PUBLICATIONS: THE FOUNDATION CONDUCTS SUBSTANTIAL NONPARTISAN RESEARCH AND ANALYSES ON ISSUES AFFECTING POST-SECONDARY EDUCATION AND MAKES THIS RESEARCH WIDELY AVAILABLE AT NO CHARGE. THE FOUNDATION RELEASED ITS BENCHMARK REPORT, "A STRONGER NATION: LEARNING BEYOND HIGH SCHOOL BUILDS AMERICAN TALENT," AS AN ONLINE DATA VISUALIZATION TOOL. THIS REPORT, BASED ON FEDERAL DATA, OFFERS A COMPELLING CASE FOR THE NEED TO DRAMATICALLY INCREASE THE SHARE OF AMERICANS WITH WORKFORCE CERTIFICATES, COLLEGE DEGREES, AND OTHER HIGH-QUALITY POST-SECONDARY CREDENTIALS. THE TOOL, WHICH WAS WIDELY SHARED THROUGH MEDIA PITCHING AND SOCIAL MEDIA OUTREACH, OFFERS STATE-BY-STATE ANALYSES OF THE EDUCATION LEVELS OF EACH STATE'S RESIDENTS, HIGHLIGHTING THE WORK THAT MUST BE DONE TO ACHIEVE EDUCATIONAL ATTAINMENT OF 60 PERCENT. THE FOUNDATION RELEASED THREE ISSUES OF FOCUS MAGAZINE, A PUBLICATION WHICH HIGHLIGHTS SIGNIFICANT ISSUES FACING POST-SECONDARY EDUCATION.


TECHNICAL ASSISTANCE: THE FOUNDATION PROVIDES TECHNICAL ASSISTANCE BASED ON NONPARTISAN RESEARCH AND ANALYSES TO STAKEHOLDERS IN THE FIELD OF POST-SECONDARY EDUCATION, AS WELL AS TO POLICYMAKERS WHO ARE TASKED WITH DEVELOPING POLICY OPTIONS RELATED TO INCREASING ATTAINMENT. FOUNDATION EXECUTIVES AND STAFF REGULARLY PROVIDE TECHNICAL ADVICE AND ASSISTANCE ABOUT CRITICAL ISSUES SUCH AS THE STATE OF ACCESS TO EDUCATION BEYOND HIGH SCHOOL, THE RANGE OF PROGRAMS THAT HAVE BEEN INITIATED TO INCREASE SUCH ACCESS, AND EFFORTS TO ENHANCE THE LIKELIHOOD OF STUDENT SUCCESS. THIS INCLUDES PROVIDING BRIEFINGS AND TESTIMONY AT THE REQUEST OF POLICYMAKERS ON MATTERS WITHIN THE FOUNDATION'S EXPERTISE. THE FOUNDATION USES NONPARTISAN RESEARCH AND ANALYSES TO PROVIDE BACKGROUND AND EDUCATIONAL INFORMATION ON A WIDE ARRAY OF ISSUES AFFECTING POST-SECONDARY EDUCATION.


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Lumina Foundation For Education Inc Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Director
$4,750
Chi J Duong
Managing Director
$271,539
Indira Anand
It Director
$208,355
Holly Zanville
Strategy Director
$203,681
Timothy Robinson
Avp Operations
$189,263
Kevin Corcoran
Strategy Director
$185,928

Lumina Foundation For Education Inc Vendors

Vendor Name (Service)Compensation
Hcm Strategists Llc
$2,714,935
Frontline Solutions International Corp
$1,134,659
Cornerstone Partners
$2,055,192
Omnicom Group Inc
$741,640
Kriegner Travel Services Inc
$654,463
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $1,000
Interest on Savings $0
Dividends & Interest $11,416,663
Net Rental Income$0
Net Gain on Sale of Assets $113,400,914
Capital Gain Net Income $77,806,917
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $71,744
Total Revenue $124,890,321

Lumina Foundation For Education Inc Grants Awarded

Over the last fiscal year, Lumina Foundation For Education Inc has awarded $67,814,146 in support to 929 organizations.

Grant RecipientAmount

CREDENTIAL ENGINE

Org PageRecipient Profile

Washington, DC

PURPOSE: TO ACCELERATE STATE PROGRESS TOWARD AND POLICY FOR CREDENTIAL TRANSPARENCY

$1,600,000

HIGHER LEARNING ADVOCATES

PURPOSE: TO SUPPORT THE GENERAL OPERATIONS OF HIGHER LEARNING ADVOCATES

$1,200,000

STATE HIGHER EDUCATION EXECUTIVE OFFICERS

Org PageRecipient Profile

Boulder, CO

PURPOSE: TO SUPPORT NEW AND ONGOING BODIES OF WORK, CONVENINGS, TECHNICAL ASSISTANCE, QUALITY ASSURANCE, AND STATE ATTAINMENT GOAL SETTING.

$1,120,000

GEORGETOWN UNIVERSITY

Org PageRecipient Profile

Washington, DC

PURPOSE: TO STRENGTHEN THE ALIGNMENT OF POSTSECONDARY EDUCATION AND WORKFORCE THROUGH RESEARCH AND TECHNICAL ASSISTANCE.

$1,000,000

NATIONAL SKILLS COALITION

Org PageRecipient Profile

Washington, DC

PURPOSE: TO ENSURE NATIONAL CONVERSATION ABOUT THE FUTURE OF WORK ELEVATES THE NEED OF LESS-SKILLED WORKERS DISPROPORTIONATELY IMPACTED BY CHANGING NATURE OF JOBS. TO EXPAND SUPPORTIVE SERVICES FOR ADULT LEARNERS; TO PROVIDE THE NEXT PHASE OF STATE ADOPTION OF QUALITY DEFINITIONS FOR NONDEGREE CREDENTIALS.

$950,000

ROCKEFELLER PHILANTHROPY ADVISORS INC

Org PageRecipient Profile

New York, NY

PURPOSE: TO PROVIDE SUPPORT FOR PILOT SITES CREATING MILITARY STACKABLE CREDENTIAL PATHWAYS.

$740,000
View Grant Profile

Lumina Foundation For Education Inc Grants Recieved

Over the last fiscal year, we have identified 2 grants that Lumina Foundation For Education Inc has recieved totaling $1,463,179.

Awarding OrganizationAmount
Rockefeller Philanthropy Advisors Inc

New York, NY

PURPOSE: General

$1,361,508
The Community Foundation Of Louisville Corporate Depository In

Louisville, KY

PURPOSE: T22 PRIVATE INDEPENDENT FOUNDATIONS

$101,671
View Grant Recipient Profile

Lumina Foundation For Education Inc Peer Organizations

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