INDIANAPOLIS, IN
Lumina Foundation For Education Inc.
Quick Facts
- EIN
- 351813228
- Location
- INDIANAPOLIS, IN
- Category
- Philanthropy & Grantmaking
- Total Assets
- $1.5B
- Annual Income
- $644.8M
- IRS Ruling Year
- 1991
- Organization Type
- Corporation
- Principal Officer
- % Erin Archer
- Tax Deductibility
- Contributions are deductible
About This Foundation
Lumina Foundation For Education Inc. is a private corporation based in INDIANAPOLIS, IN. The foundation received its IRS ruling in 1991. The principal officer is % Erin Archer. It holds total assets of $1.5B. Annual income is reported at $644.8M. The foundation operates in the area of philanthropy & grantmaking. Contributions to this foundation are tax-deductible.
View 990 FilingsFinancial Overview
Total Giving
$90.3M
2023+38%
Total Assets
$1.4B
2023+2%
Fair Market Value
$1.4B
2023
Net Worth
$1.4B
2023
Grants Paid
$54.8M
2023
Contributions
$0
2023
Net Investment Income
$37.6M
2023
Distribution Amount
$69.4M
2023
Total Giving by Year
$77.5M
11$57.3M
12$93.9M
13$81.1M
14$65.2M
15$87.7M
19$70.2M
20$96.8M
21$65.6M
22$90.3M
23Asset Growth
$1.1B
11$1.1B
12$1.3B
13$1.3B
14$1.2B
15$1.3B
19$1.4B
20$1.6B
21$1.4B
22$1.4B
23Investment Portfolio (2023)
Total: $373.4M
Corporate Stock: $314M
Corporate Bonds: $39.6M
Government Obligations: $19.8M
Other Investments: $990.7M
Corporate Stock (23%)
Corporate Bonds (3%)
Government Obligations (1%)
Other Investments (73%)
Expense Breakdown (2023)
Grants Paid$54.8M
Officer Compensation$3.8M
Pension & Benefits$1.5M
Travel & Conferences$1.2M
Occupancy$905K
Legal Fees$612K
Printing & Publications$577K
Accounting Fees$250K
Interest$225K
Depreciation$171K
Revenue Sources (2023)
- Capital Gains (Net)
- $42M
- Dividends
- $12.2M
- Interest
- $135K
- Other Income
- $16K
Financial Details (2023)
- Total Revenue
- $54.3M
- Total Expenses
- $90.3M
- Exempt Purpose Expenses
- $86.7M
- Required Distribution
- $69.4M
- Undistributed Income
- $0
- Grants Approved (Future)
- $725K
- Total Liabilities
- $9.7M
- Excise Tax
- $523K
Foundation Classification (2023)
Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings
Grantmaking Insights
Total Grants
50
Total Giving
$37.2M
Average Grant
$743K
Median Grant
$613K
Grant Range
Min$400K
Max$2M
Median: $613K
Smallest grantLargest grant
Geographic Distribution of Grants
AK
ME
VT
NH
WA
ID
MT
ND
MN
MN: $418K (1)
WI
MI
NY
NY: $6.2M (8)
MA
MA: $500K (1)
CT
RI
OR
NV
WY
SD
IA
IL
IL: $1M (1)
IN
IN: $2M (3)
OH
PA
PA: $1.4M (3)
NJ
CA
CA: $4.2M (6)
UT
CO
CO: $800K (1)
NE
MO
KY
WV
VA
VA: $4.2M (6)
MD
MD: $2M (2)
DE
DC
DC: $11.1M (12)
AZ
NM
KS
AR
TN
TN: $400K (1)
NC
NC: $800K (2)
SC
SC: $1.2M (1)
OK
LA
MS
AL
GA
GA: $450K (1)
FL
HI
TX
TX: $400K (1)
DC$11.1M (12)
NY$6.2M (8)
VA$4.2M (6)
CA$4.2M (6)
IN$2M (3)
MD$2M (2)
Past Grantees
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Georgetown UniversityAdd valuable empirical context around equity in postsecondary education and the economic value of degrees and credentials. | Washington, DC | $2M | 2021 |
| Rockefeller Philanthropy Advisors IncTo support the Prioritizing Adult Community College Enrollment initiative for community college participation. | New York, NY | $1.6M | 2021 |
| Us Chamber Of Commerce FoundationTo support two statewide Talent Pipeline Management Academies with community college partners. | Washington, DC | $1.5M | 2021 |
| American Association Of Collegiate Registrars And Admissions OfficersTo assist state community college systems in developing strategic enrollment management plans. | Washington, DC | $1.4M | 2021 |
| National Skills CoalitionTo 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. | Washington, DC | $1.3M | 2021 |
| Education Strategy GroupTo lead the coordination and technical advisory capacity of the state Credential As You Go network | Chevy Chase, MD | $1.3M | 2021 |
| Association Of Chamber Of Commerce Executives FoundationTo support up to eight partnerships between local or regional chambers of commerce and community colleges to expand employment aligned credential attainment for adults of color. | Alexandria, VA | $1.3M | 2021 |
| Blackbaud Giving FundPublic charity conduit for Lumina staff, board and retiree gifts to public charities. | Charleston, SC | $1.2M | 2021 |
| Complete College AmericaCreate a HBCC/PBCC network and provide technical assistance to implement credentials to associates pathways and related policy guidance. | Indianapolis, IN | $1M | 2021 |
| Foundation For California Community CollegesTo support California Community College System participation in Innovative Credentials to Associates Network to increase adult learner of color completion. | Sacramento, CA | $1M | 2021 |
| Office Of Comm College Research And Leadership - UiTo support a network of states implementing credential as you go models with equity conscious practices for adults of color. | Champaign, IL | $1M | 2021 |
| Foundation For California Community CollegesTo build on existing partnerships between California community colleges, the California Workforce Development Board, and the State Building & Construction Trades Council to improve community college outcomes for High Road Construction Careers participants. | Sacramento, CA | $1M | 2021 |
| National Student Clearinghouse Research CenterTo better understand the re-enrollment, perseverance and credentials earned by students with some college, but no credential. | Herndon, VA | $1M | 2021 |
| Research Foundation Of State University Of New YorkTo support the development of Strategic Enrollment Management plans at the 30 SUNY Community Colleges. (Connected to AACRAO grant) | Albany, NY | $900K | 2021 |
| Hechinger Institute On Education And The MediaTo produce, publish, and broker publication of in-depth national education stories about the need for more people to receive education and training beyond high school. | New York, NY | $850K | 2021 |
| Association Of Public And Land-Grant UniversitiesTo support development of navigation/recruitment strategies and comprehensive student success pathways for adults of color pursuing BA degrees. | Washington, DC | $818K | 2021 |
| Colorado Community College System Foundation TheTo support Colorado community colleges participation in Innovative Credentials to Associates Network to increase adult learner of color completion. | Denver, CO | $800K | 2021 |
| National Fund For Workforce SolutionsTo strengthen community college engagement in five regional workforce collaboratives with a goal of increasing credential attainment for workers of color and women by 10 percent over current baseline. | Washington, DC | $800K | 2021 |
| Century Foundation Inc TheTo expand current Industry and Inclusion cohort to include at least eight new community college-led partnerships in expanding manufacturing credentialing and employment opportunities for workers of color. | New York, NY | $745K | 2021 |
| New America FoundationTo support research, policy analysis, and nonpartisan advocacy that advances federal policies that support today's students | Washington, DC | $725K | 2021 |
| Achieving The Dream IncTo accelerate change and develop participation proof points in the field through direct investment in institutions. | Silver Spring, MD | $708K | 2021 |
| Foundation For California Community CollegesTo support participation through the development of actionable strategic enrollment management plans at 10-20 California Community Colleges. (Connected to AACRAO grant) | Sacramento, CA | $654K | 2021 |
| Education Writers AssociationTo support journalism training that supports informed, independent, authoritative coverage of higher learning issues. | Washington, DC | $650K | 2021 |
| California State University FoundationTo digitize degree pathways and implement faculty dashboards in the CSU system. | Long Beach, CA | $650K | 2021 |
| Pbs Newshour ProductionsTo support public television news broadcast segments related to the nation's need for increased educational attainment after high school.. | Arlington, VA | $625K | 2021 |
| Research Foundation Of State University Of New YorkTo support community colleges in the State University of New York system participation in Innovative Credentials to Associates Network to increase adult learner of color completion. | Albany, NY | $600K | 2021 |
| Research For ActionTo conduct research to understand state and system responses to Coronavirus-related displaced workers | Philadelphia, PA | $575K | 2021 |
| Complete College AmericaTo work with Kentucky's CPE to implement comprehensive pathways that align with students' career goals and integrate career competencies and experiential activities in degrees. | Indianapolis, IN | $550K | 2021 |
| Behavioral Ideas Lab IncTo help community colleges address behavioral design in their participation design work. (Linked to Participation Design RFP project) | New York, NY | $517K | 2021 |
| Higher Learning AdvocatesTo support the general operations of Higher Learning Advocates | Washington, DC | $500K | 2021 |
| MdrcTo conduct an implementation study of SUCCESS | New York, NY | $500K | 2021 |
| American Institutes For ResearchTo research adult-friendly educational and training models that support participation among adults of color | Washington, DC | $500K | 2021 |
| Trustees Of Boston UniversityTo support Boston University Center for Antiracist Research | Boston, MA | $500K | 2021 |
| Northwest Central Indiana Community Partnerships IncTo honor a gift from the Herman Rubin estate by supporting the Wabash Heartland Innovation Network's Living Lab and IoT education programs. | West Lafayette, IN | $500K | 2021 |
| MultiplierTo support the launch of the All We Can Save Project's learning and education work | San Francisco, CA | $500K | 2021 |
| National Student Clearinghouse Research CenterTo improve the quality and process by which student data from industry credentialing bodies is matched to create a single learner record. | Herndon, VA | $500K | 2021 |
| Behavioral Ideas Lab IncTo apply behavioral interventions aimed at increasing adult enrollment in bachelor's programs | New York, NY | $494K | 2021 |
| Equal MeasureTo serve as the implementation evaluation partner for the comprehensive participation design initiative | Philadelphia, PA | $475K | 2021 |
| Education Trust Inc TheTo support Ed Trust in providing technical assistance to a cohort states implementing the Ed Trust Equity Policy Audit framework | Atlanta, GA | $450K | 2021 |
| UnidosusTo develop and launch a communications campaign centered on today's Latino/Hispanic students | Washington, DC | $450K | 2021 |
| Minnesota State SystemTo support the development of Strategic Enrollment Management Plans at up to 15 Minnesota State Community Colleges. | St Paul, MN | $418K | 2021 |
| Virginia Community College SystemTo create a pipeline into careers in construction and infrastructure through a combination of higher education and workforce training. | Richmond, VA | $400K | 2021 |
| Virginia Community College SystemTo support Virginia Community College System participation in Innovative Credentials to Associates Network to increase adult learner of color completion. | Richmond, VA | $400K | 2021 |
| Jobs To Move AmericaTo develop a partnership between employers, community colleges, HBCUs, and other stakeholders that creates new job opportunities in green manufacturing through community benefits agreements. | Los Angeles, CA | $400K | 2021 |
| Association Of American Colleges And UniversitiesTo support the Association of American Colleges and Universities' Truth, Racial Healing and Transformation Centers. | Washington, DC | $400K | 2021 |
| University Of Texas System TheTo redesign student pathways to ensure equity. | Austin, TX | $400K | 2021 |
| Hope Center For College Community And Justice - Temple UniversityTo build capacity in federal higher education policy related to student basic needs | Philadephia, PA | $400K | 2021 |
| North Carolina Community Colleges System OfficeTo support North Carolina Community College System participation in Innovative Credentials to Associates Network to increase adult learner of color completion. | Raleigh, NC | $400K | 2021 |
| University Of North Carolina SystemTo increase university capacity to serve adult learners and increase adult learner enrollment within the UNC System | Chapel Hill, NC | $400K | 2021 |
| Highlander Research & Education Center IncTo support the Highlander Research and Education Center's efforts to work with people in Appalachia and the South through popular education, language justice, participatory research, cultural work and intergenerational organizing. | Maryville, TN | $400K | 2021 |
990-PF Filings
| Tax Period | Return Type | View |
|---|---|---|
| 2023-12 | 990PF | View Filing |
| 2022-12 | 990PF | View Filing |
| 2021-12 | 990PF | View Filing |
| 2020-12 | 990PF | View Filing |
| 2018-12 | 990PF | View Filing |
Filings sourced from IRS e-file index. View all on ProPublica
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