The Lumina Foundation
Application Deadline: Lumina Foundation may occasionally impose an application deadline for cluster grants or initiatives; otherwise, it accepts and reviews inquiries and proposals throughout the year.
Description: Lumina Foundation firmly believes that education is the best way to help people achieve their potential and improve the nation's future. Therefore, the foundation addresses issues that affect access and attainment in postsecondary education in the United States, particularly among traditionally underserved student groups. These students include 18- to 24-year-olds and adult students who face barriers to an education due to their income, preparation, or family background.
Who May Apply: Lumina Foundation makes grants to organizations that are classified as tax-exempt under Section 501(c)(3) of the Internal Revenue Code and as public charities under Section 509(a)(1), (2), or (3) of the code, or to public organizations that are designated under Section 170(c) of the code. The foundation makes grants within the United States and its territories. In addition, as an Indiana-based foundation, it sets aside 10 percent of grant funds each year for projects that are specific to its hometown and home state.
Funding Amount: Grants vary in size by their potential for impact. Direct-service grants to students and families tend to be relatively small, and those that affect entire systems tend to be larger. The median size of a typical grant is $150,000; the average size is about $400,000. The usual term for grants is one to three years, although exceptions sometimes apply to initiatives the foundation sponsors.
For more information, go to:http://www.luminafoundation.org/grants/index.html