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 12/2023, Lumina Foundation For Education Inc generated $54.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $90.3m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.

Since 2018, Lumina Foundation For Education Inc has awarded 3,860 individual grants totaling $329,680,221. 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

2023

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 POSTSECONDARY 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 ON THE BOARDS OF ACT AND THE CENTRAL INDIANA CORPORATE PARTNERSHIP. OTHER LUMINA STAFF SERVE ON BOARDS SUCH AS THE NELLIE MAE FOUNDATION, INDY CHAMBER, AND THE ARNOLT CENTER FOR INVESTIGATIVE JOURNALISM AT INDIANA UNIVERSITY.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Director
$42,250
Name Not Listed
Director
$28,000
Name Not Listed
Director
$28,000
Name Not Listed
Director
$28,000
Name Not Listed
Director
$28,000
Name Not Listed
Director
$32,500

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Cornerstone Partners
$2,692,962
Shiel Sexton Company Inc
$1,343,728
Hcm Strategists Llc
$1,288,587
Kite Washington Llc
$589,437
Moser Consulting Inc
$542,321
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $135,360
Dividends & Interest $12,159,694
Net Rental Income$0
Net Gain on Sale of Assets $42,020,517
Capital Gain Net Income $28,168,263
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $16,092
Total Revenue $54,331,663

Grants Awarded

Over the last fiscal year, Lumina Foundation For Education Inc has awarded $55,898,681 in support to 338 organizations.

Grant RecipientAmount

BLACKBAUD GIVING FUND

PURPOSE: PUBLIC CHARITY CONDUIT FOR LUMINA STAFF, BOARD AND RETIREE GIFTS TO PUBLIC CHARITIES.

$2,300,133

GEORGETOWN UNIVERSITY

PURPOSE: TO EXAMINE ATTAINMENT CHALLENGES TO MEET THE NEEDS OF THE MODERN WORKFORCE.

$2,000,000

NATIONAL SKILLS COALITION

PURPOSE: TO MOBILIZE A DIVERSE SET OF CROSS-SECTOR TEAMS FROM 15-20 STATES COMMITTED TO EXPANDING EQUITABLE ACCESS TO AND COMPLETION OF QUALITY NON-DEGREE CREDENTIALS.

$1,200,000

NATIONAL STUDENT CLEARINGHOUSE RESEARCH CENTER

PURPOSE: TO PRODUCE 2024 & 2025 SCNC REPORTS AND ADD RACE/ETHNICITY TO THE 2024 & 2025 UNDERGRADUATE DEGREE EARNERS REPORT.

$1,007,500

ITHAKA SR

PURPOSE: TO SUPPORT SCALING OF STRANDED CREDIT CLEARINGHOUSE

$1,000,000

LOUISIANA COMMUNITY AND TECHNICAL COLLEGE SYSTEM FOUNDATION

PURPOSE: TO IMPROVE THE BRAND-BUILDING EFFORTS OF THE 12 COLLEGES IN THE LOUISIANA COMMUNITY AND TECHNICAL COLLEGE SYSTEM TO SUPPORT ENROLLMENT OF ADULT LEARNERS.

$1,000,000
View Grant Profile

Peer Organizations

Organization NameAssets
John D & Catherine T Macarthur Foundation
Chicago, IL
$781,295,998
Abbvie Patient Assistance Foundation
North Chicago, IL
$377,265,553
Lumina Foundation For Education Inc
Indianapolis, IN
$54,331,663
The Robert D And Patricia E Kern Family Foundation Inc
Waukesha, WI
$170,205,304
Enterprise Holdings Foundation
Saint Louis, MO
$107,472,464
Fulk Family Foundation Inc
Chicago, IL
$5,187,231
Dunard Fund Ltd
Northbrook, IL
$70,889,532
Grainger Foundation Inc
Lake Forest, IL
$7,146,048
Caterpillar Foundation
Peoria, IL
$77,740,833
Humana Foundation Inc
Louisville, KY
$5,489,752
Negaunee Foundation Ltd
Northbrook, IL
$111,485,176
Pritzker Foundation
Chicago, IL
$36,193,620
William R Kenan Jr Charitable Trust
Chicago, IL
$81,478,601
John Deere Foundation
Moline, IL
$17,667,361
Claude And Betty Harris Foundation Inc
Louisville, KY
$6,969,966
Hall Family Foundation
Kansas City, MO
$87,869,006
Circle Of Service Foundation
Chicago, IL
$55,153,209
Alsam Foundation
Po Box Chica, IL
$9,030,574
Bader Philanthropies Inc
Milwaukee, WI
$41,185,717
Abbvie Foundation
North Chicago, IL
$12,199,592
Allstate Foundation
Northbrook, IL
$1,423,477
Marion And Henry Bloch Family Foundation
Kansas City, MO
$30,186,820
Polk Bros Foundation Inc
Chicago, IL
$57,050,478
Patterson Family Foundation
Kansas City, MO
$14,332,622
Ace Hardware Foundation
Oak Brook, IL
$22,144,186

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