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
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.
|Vendor Name (Service)||Service Year||Compensation|
Hcm Strategists Llc
Frontline Solutions International Corp
Omnicom Group Inc
Kriegner Travel Services Inc
|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|
|Profit on Inventory Sales||$0|
|Statement of Expenses|
|Compensation of officers, directors, trustees, etc||$2,976,535|
|Other employee salaries and wages||$6,392,573|
|Pension plans, employee benefits||$3,424,412|
|Travel, conferences, and meetings||$4,052,696|
|Printing and publications||$795,946|
|Total operating and administrative expenses||$41,402,732|
|Contributions, gifts, grants paid||$46,311,136|
|Total expenses and disbursements||$87,713,868|
|Savings and temporary cash investments||$15,313,600|
|Net Accounts receivable||$715,460|
|Net Pledges Receivable||$0|
|Receivables from Officers, Directors, or Controlling Persons||$0|
|Net other notes and loans receivable||$0|
|Inventories for sale or use||$0|
|Prepaid expenses and deferred charges||$1,110,832|
|Net Investments - land, buildings, equipment||$0|
|Net Land, buildings, and equipment||$795,428|
|Accounts payable and accrued expenses||$11,189,463|
|Loans and other payables to any current Officer, Director, or Controlling Person||$0|
|Mortgages and other notes payable||$0|
Over the last fiscal year, Lumina Foundation For Education Inc has awarded $67,814,146 in support to 929 organizations.
HIGHER LEARNING ADVOCATES
PURPOSE: TO SUPPORT THE GENERAL OPERATIONS OF HIGHER LEARNING ADVOCATES
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.
Over the last fiscal year, we have identified 2 grants that Lumina Foundation For Education Inc has recieved totaling $1,463,179.
Rockefeller Philanthropy Advisors Inc
New York, NY
The Community Foundation Of Louisville Corporate Depository In
PURPOSE: T22 PRIVATE INDEPENDENT FOUNDATIONS
Lilly Endowment Inc
John D & Catherine T Macarthur Foundation
Abbvie Patient Assistance Foundation
North Chicago, IL
Lumina Foundation For Education Inc
Grainger Foundation Inc
Lake Forest, IL
Fulk Family Foundation Inc
Enterprise Holdings Foundation
Hall Family Foundation
Kansas City, MO
Abbott Park, IL