Lumina Foundation For Education Inc

Organization 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. Lumina Foundation For Education Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2020, Lumina Foundation For Education Inc generated $124.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $70.2m during the year ending 12/2020. While expenses have increased by 1.9% per year over the past 4 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 3,183 individual grants totaling $239,505,611. 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

2020

Describe the Organization's Program Activity:

Part 3 - Line 4a

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.


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 TWO ISSUES OF FOCUS MAGAZINE, A PUBLICATION WHICH HIGHLIGHTS SIGNIFICANT ISSUES FACING POST-SECONDARY EDUCATION.


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.


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. FOUNDATION EXECUTIVES AND STAFF MEMBERS ALSO SERVE ON THE BOARDS OF LOCAL, NATIONAL AND INTERNATIONAL CHARITABLE ORGANIZATIONS. FOR EXAMPLE, THE FOUNDATION'S PRESIDENT AND CEO SERVES ON THE BOARD OF DITCHLEY FOUNDATION IN THE UNITED KINGDOM, AS PAST CHAIRMAN AND TRUSTEE EMERITUS OF THE COUNCIL ON FOUNDATIONS, AND THE CENTRAL INDIANA CORPORATE PARTNERSHIP. OTHER LUMINA STAFF SERVE ON BOARDS SUCH AS THE NATIONAL SURVEY OF STUDENT ENGAGEMENT, INDY CHAMBER, DEPAUW UNIVERSITY AND THE INDIANA UNIVERSITY LILLY FAMILY SCHOOL OF PHILANTHROPY.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Director
$7,077
Kevin Corcoran
Strategy Director
$200,369
Christa Velasquez
Dir Lumina I.v.
$198,711
Haley Glover
Strategy Director
$194,923
Shelley Lloyd
Dir Of Hr & Fac
$193,256
Julie Shewmaker
Avp For Fin & Acct
$189,637

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Vox Global
$655,183
Morgan Lewis Bokius Llc
$403,947
Hcm Strategists Llc
$1,343,861
Cornerstone Partners
$5,934,990
Kite Washington Llc
$555,758
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $0
Dividends & Interest $7,965,030
Profit on Inventory Sales $0
Other Income $89,698
Total Revenue $124,727,424

Grants Awarded

Over the last fiscal year, Lumina Foundation For Education Inc has awarded $61,797,458 in support to 448 organizations.

Grant RecipientAmount

GEORGETOWN UNIVERSITY

Org PageRecipient Profile

Washington, DC

PURPOSE: ADD VALUABLE EMPIRICAL CONTEXT AROUND EQUITY IN POSTSECONDARY EDUCATION AND THE ECONOMIC VALUE OF DEGREES AND CREDENTIALS.

$2,000,000

ROCKEFELLER PHILANTHROPY ADVISORS INC

Org PageRecipient Profile

New York, NY

PURPOSE: TO SUPPORT THE PRIORITIZING ADULT COMMUNITY COLLEGE ENROLLMENT INITIATIVE FOR COMMUNITY COLLEGE PARTICIPATION.

$1,562,500

US CHAMBER OF COMMERCE FOUNDATION

Org PageRecipient Profile

Washington, DC

PURPOSE: TO SUPPORT TWO STATEWIDE TALENT PIPELINE MANAGEMENT ACADEMIES WITH COMMUNITY COLLEGE PARTNERS.

$1,500,000

AMERICAN ASSOCIATION OF COLLEGIATE REGISTRARS AND ADMISSIONS OFFICERS

Org PageRecipient Profile

Washington, DC

PURPOSE: TO ASSIST STATE COMMUNITY COLLEGE SYSTEMS IN DEVELOPING STRATEGIC ENROLLMENT MANAGEMENT PLANS.

$1,450,000

EDUCATION STRATEGY GROUP

PURPOSE: TO LEAD THE COORDINATION AND TECHNICAL ADVISORY CAPACITY OF THE STATE CREDENTIAL AS YOU GO NETWORK

$1,300,000

NATIONAL SKILLS COALITION

Org PageRecipient Profile

Washington, DC

PURPOSE: TO SUPPORT STATE EFFORTS TO 1) EXPAND FINANCIAL ASSISTANCE FOR ADULT LEARNERS PARTICIPATING IN COMMUNITY COLLEGE WORKFORCE PROGRAMS; AND 2) EXPAND SNAP E&T PARTNERSHIPS BETWEEN COMMUNITY COLLEGE SYSTEMS AND STATE HUMAN SERVICE AGENCIES.

$1,300,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Lumina Foundation For Education Inc has recieved totaling $30,000.

Awarding OrganizationAmount
Community Foundation For Greater Buffalo Inc

Buffalo, NY

PURPOSE: UNRESTRICTED USE

$30,000
View Grant Recipient Profile

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