Lumina Foundation was established in August 2000 with a substantial initial endowment and a foundational commitment to advancing education in the United States.
The Genesis of Lumina Foundation
Lumina Foundation officially began its work in August 2000. Its creation was marked by a significant financial contribution, providing the foundation with the resources to pursue its ambitious goals.
The initial funding details are as follows:
| Founding Aspect | Detail |
|---|---|
| Creation Date | August 2000 |
| Initial Endowment | $770 million (in cash and stock) |
| Core Commitment | Working toward a better-educated country |
This substantial initial endowment of $770 million in both cash and stock provided Lumina with the financial bedrock to immediately begin its mission. From its very inception, Lumina Foundation has maintained a steadfast commitment to addressing the educational landscape of the country, aiming for a better-educated nation.
A Steadfast Commitment to Education
The founding principle of Lumina Foundation—to work toward a better-educated country—has remained central to its operations since August 2000. This commitment shapes its strategies and initiatives, focusing on increasing the number of Americans with college degrees, certificates, and other high-quality credentials.
To learn more about their ongoing work and mission, you can visit the Lumina Foundation's official website.
