Get Lumina Theater Film Grant 2011-2012

The Lumina Foundation was created in 2000 as a conversion foundation using proceeds from the sale of assets of the USA Group, a nonprofit student loan administrator, to the Student Loan Marketing Association (Sallie Mae).

However, if you choose to express these shared overhead expenses as "indirect costs," Lumina Foundation will consider a flat indirect-cost rate of up to 20 percent of the total salaries and benefits in the proposed budget.

Calculating indirect costs In the budget, indirect costs are calculated by multiplying the sponsor's overhead rate by the direct cost base.

Through our work and our partners' efforts, we lift people out of poverty, reduce racial inequality, improve health and well-being, promote the availability of good jobs and economic growth, and build sustainable communities.

The Lumina Foundation was created in 2000 as a conversion foundation using proceeds from the sale of assets of the USA Group, a nonprofit student loan administrator, to the Student Loan Marketing Association (Sallie Mae).

As of January 1, 2023, the Ford Foundation will pay a minimum indirect cost rate (IDC) of 25% for eligible project grants.

However, if you choose to express these shared overhead expenses as "indirect costs," Lumina Foundation will consider a flat indirect-cost rate of up to 20 percent of the total salaries and benefits in the proposed budget.

Jamie Merisotis, President and CEO of Lumina Foundation.

Indirect costs represent the expenses of doing business that are not readily identified with a particular grant, contract, project function or activity, but are necessary for the general operation of the organization and the conduct of activities it performs.

Calculating indirect costs In the budget, indirect costs are calculated by multiplying the sponsor's overhead rate by the direct cost base.

An indirect cost rate is the ratio between the total indirect expenses and some direct cost base. The indirect cost allocation methods used by each organization depend on its own structure, program functions, and accounting system.

Through our work and our partners' efforts, we lift people out of poverty, reduce racial inequality, improve health and well-being, promote the availability of good jobs and economic growth, and build sustainable communities.

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.

As of January 1, 2023, the Ford Foundation will pay a minimum indirect cost rate (IDC) of 25% for eligible project grants.

About Strategy Labs Lumina supports state leaders' efforts to increase post-high school attainment through Strategy Labs—a resource for policymakers and influencers in all 50 states that provides nonpartisan research, data, peer advice, and technical support.

Jamie Merisotis, President and CEO of Lumina Foundation.

Indirect costs represent the expenses of doing business that are not readily identified with a particular grant, contract, project function or activity, but are necessary for the general operation of the organization and the conduct of activities it performs.

An indirect cost rate is the ratio between the total indirect expenses and some direct cost base. The indirect cost allocation methods used by each organization depend on its own structure, program functions, and accounting system.

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.

About Strategy Labs Lumina supports state leaders' efforts to increase post-high school attainment through Strategy Labs—a resource for policymakers and influencers in all 50 states that provides nonpartisan research, data, peer advice, and technical support.