Lumina Foundation


Lumina Foundation is a private, Indianapolis-based foundation with about $1.4 billion in assets. Since its founding in August 2000, Lumina has made grants totaling more than $250 million.

History

Lumina Foundation is a conversion foundation created in mid-2000 as USA Group, Inc., which sold most of its operating assets to the Student Loan [Marketing Association, Inc. (Sallie Mae)]. Proceeds from the sale established the USA Group Foundation with an endowment of $770M. The foundation was renamed Lumina Foundation for Education in February 2001.
Lumina's early grant making efforts provided start-up funding for three initiatives: Achieving the Dream: Community Colleges Count; KnowHow2GO, a college-access campaign; and College Productivity, formerly known as Making Opportunity Affordable.

Presidents