INDIANAPOLIS (June 12, 2018)—Lumina Foundation today announced that 19 college and universities will receive grant awards totaling $625,000 from its Fund for Racial Justice and Equity, a project of Rockefeller Philanthropy Advisors. The Fund was created after last year’s racially motivated violence in Charlottesville on the campus of the University of Virginia.
New funding approach appears to be working in Indiana. Lumina CEO Jamie Merisotis and Indiana Commissioner for Higher Education Teresa Lubbers review outcomes-based funding research from Philadelphia-based Research for Action.
Change can be hard, but we’ll get there. That’s the message of hope we heard at the 2017 Education Symposium this week with Army University, Lumina Foundation and the CBE Network.
Two years after shifting the focus of its impact investing program, Lumina Foundation is building partnerships that give emerging companies the benefit of the Foundation’s network—multiplying the investment’s value and creating new opportunities along the way.
Lumina president Jamie Merisotis sees the potential for trends that emerged during the Obama years to continue under President Trump, including competency-based learning, and the EQUIP program–a pilot project would allow students to qualify for federal financial aid at selected non-accredited schools.
In a new collaborative report with TICAS, researchers from the Higher Education, Race, and the Economy (HERE) Lab at the University of California, Merced offer a policy solution to wealth inequality: a supplemental Wealth-Based Pell Grant to help eliminate racial disparities in student loan borrowing and make debt-free college a reality for many more students.
Higher education and workforce leaders from more than 30 states gathered this week in Baltimore to explore national trends related to education and training after high school, equitable public financing and individual benefits, and the value and purpose of colleges and universities in American society.
Waterloo, Iowa, got an urgent wake-up call in 2018. Despite being one of Iowa’s most diverse towns with a major manufacturing hub, a financial commentary site listed it as the worst city to be a Black American.