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.
Presidents Martha Lamkin 2000–2007 Jamie P. Merisotis 2007–present
References
External links Lumina Foundation Web site College Grants Organizational Profile – National Center for Charitable Statistics (Urban Institute)