How A Private Foundation With Student Loan Ties Became A Force In Higher Education
by Molly Hensley-Clancy
Buzzfeed Business
May 22, 2014
Lumina has a unique focus on a single goal: to see 60% of Americans hold a college degree, certificate, or other “high-quality” postsecondary credential by 2025. That focus puts Lumina ahead of larger foundations in terms of setting the higher education agenda, said Victor Kuo, a philanthropic evaluation expert at the National Committee for Responsive Philanthropy, which released a report this month examining the Lumina Foundation’s work.
Lumina is well-regarded among higher education experts; the National Committee for Responsive Philanthropy report noted that “the foundation’s clarity around achieving an ambitious goal and its commitment to addressing systemic inequities are highly praised.”
“Lumina has done an outstanding job in terms of getting college completion rates onto the national policy agenda,” said Kuo, who wrote in his report that Lumina had “extremely savvy policy advocacy strategies.”
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