Fact SheetThe United States' future economic growth and the success of our young people depend on addressing crucial higher education challenges. Our nation must ensure that students are acquiring the skills and knowledge to compete in the global economy. We must find ways to educate more of our low-income and minority students — in a cost-effective manner — and ensure that they graduate with the ability to meet changing workforce demands. Lumina Foundation for Education, a private, Indianapolis-based foundation with about $1.5 billion in assets, pursues the mission of expanding student access to and success in education beyond high school. Since its founding in August 2000, Lumina has made grants totaling more than $250 million. An increasing portion of Lumina's resources is devoted to the Foundation's three major initiatives — Achieving the Dream: Community Colleges Count; Making Opportunity Affordable: Reinvesting in College Access and Success; and KnowHow2GO, a college-access campaign.
In addition to these initiatives, Lumina continues to fund a wide array of individual efforts that serve our education access-and-success mission. For example, we maintain a portfolio of grants that support programs providing direct college-access assistance to students. Many of these direct-service grants are part of Lumina's support to College Goal Sunday, a nationwide program that gives low-income families hands-on help in completing the paperwork necessary to obtain financial aid. Through Lumina's support of the KnowHow2GO ground campaign, direct-service grants are helping underserved, low-income students learn how to get to college. We also maintain a growing portfolio of research and policy grants that are helping to build knowledge and stronger definitions of college access, success and student learning. Finally, we work to serve our local community by awarding 10 percent of our annual grants budget to Indiana college access and success programs. |
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