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.
Form
990PF
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Name Not Listed Director | 2 | $42,250 | |
Name Not Listed Director | 1 | $28,000 | |
Name Not Listed Director | 1 | $28,000 | |
Name Not Listed Director | 1 | $28,000 | |
Name Not Listed Director | 1 | $28,000 | |
Name Not Listed Director | 1 | $32,500 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Cornerstone Partners | 12/30/23 | $2,692,962 |
Shiel Sexton Company Inc | 12/30/23 | $1,343,728 |
Hcm Strategists Llc | 12/30/23 | $1,288,587 |
Kite Washington Llc | 12/30/23 | $589,437 |
Moser Consulting Inc | 12/30/23 | $542,321 |
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 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $3,765,951 |
Other employee salaries and wages | $7,415,379 |
Pension plans, employee benefits | $1,506,910 |
Interest | $225,467 |
Taxes | $1,198,804 |
Depreciation | $170,572 |
Occupancy | $904,744 |
Travel, conferences, and meetings | $1,183,314 |
Printing and publications | $576,730 |
Other expenses | $12,639,273 |
Total operating and administrative expenses | $35,511,130 |
Contributions, gifts, grants paid | $54,831,247 |
Total expenses and disbursements | $90,342,377 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $12,902,794 |
Net Accounts receivable | $1,321,928 |
Net Pledges Receivable | $0 |
Grants 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 | $425,217 |
Net Investments - land, buildings, equipment | $0 |
Investments—mortgage loans | $0 |
Investments—other | $990,675,400 |
Net Land, buildings, and equipment | $394,124 |
Other assets | $68,449,589 |
Total assets | $1,447,572,232 |
Accounts payable and accrued expenses | $6,520,034 |
Grants payable | $725,000 |
Deferred revenue | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Mortgages and other notes payable | $0 |
Other liabilities | $2,496,821 |
Total liabilities | $9,741,855 |
Over the last fiscal year, Lumina Foundation For Education Inc has awarded $55,898,681 in support to 338 organizations.
Grant Recipient | Amount |
---|---|
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 |