Lumina Foundation is a private, independent foundation established in Indianapolis since August 2000. They are the nation's largest foundation dedicated to increasing students' access to and success in post-secondary education.
The mission of the foundation is to increase the percentage of Americans who hold high-quality degrees and credentials to 60% by 2025.
The foundation have worked with and made grants to many colleges, peer foundations, associations, and other organizations to improve student access and outcomes across the nation.
Senay Ataselim-Yilmaz, Chief Operating Officer, Turkish Philanthropy Funds, writes that philanthropy often solves the very problems that stems from market failure. Some social issues, however, cannot be tackled by questioning the return on investment.