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LEADING QUESTIONS: Education guru's back-to-school advice

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Leading Questions

Welcome to the latest installment of  “Leading Questions: Wisdom from the Corner Office,” where  IBJ sits down with central Indiana’s top bosses to talk shop about their industry and the habits that lead to success.

Jamie Merisotis, president and CEO of the Indianapolis-based Lumina Foundation for Education, knows firsthand the sacrifices and hard work necessary for some working-class families to send their children to college. His mother went back to work to help send Merisotis and his three siblings to school. Attending Bates College in Maine, Merisotis cobbled together a mix of grants, scholarships, student loans and part-time jobs (including delivering newspapers at 4 a.m.) to finance his education.

"It wasn't easy," said Merisotis, 46. "And the challenge for paying for college has gotten worse instead of better."

The goal of Lumina Foundation is to increase the percentage of Americans receiving high-quality degrees and credentials from 40 percent to 60 percent in the next 15 years. Rather than give money directly to students, the foundation uses proceeds from its $1.1 billion endowment to help fund education programs that further its goal, to encourage effective public policy, and to build public support for change. In the video below, Merisotis describes how an early work experience ignited his passion for helping more students enroll and graduate from college, and provides advice for keeping students engaged once they arrive on campus.



Like those of many private foundations, Lumina's endowment took a major hit during the recession, dropping from a recent high of $1.4 billion to as low as $900 million. Despite the decrease and subsequent cost-cutting measures, Lumina avoided laying off any of its 40-some staff members. In the video below, Merisotis describes why maintaining human capital was the group's top priority.



 

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  • Thanks
    Thanks, Mason, for delivering my favorite portion of the IBJ webpage! Another inspiring leader we can all learn from.

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  1. why oh why does this state continue to elect these people....do you wonder how much was graft out of the 3.8 billion?

  2. i too think this is a great idea. I think the vision and need is there as well. But also agree with Wendy that there may be better location in our city to fulfill this vision and help grow the sports of hockey and figure skating in Indy. Also to help further develop other parts of the city that seem often forgotten. Any of the other 6 townships out side of the three northernmost could benefit greatly from a facility and a vision like this. For a vision that sounds philanthropic, the location is appears more about the money. Would really like to see it elsewhere, but still wish the development the best of luck, as we can always use more ice in the city. As for the Ice growth when they return, if schedules can be coordinated with the Fuel, what could be better than to have high level hockey available to go see every weekend of the season? Good luck with the development and the return of the Ice.

  3. How many parking spaces do they have at Ironworks? Will residents have reserved spaces or will they have to troll for a space among the people that are there at Ruth Chris & Sangiovese?

  4. You do not get speeding ticket first time you speed and this is not first time Mr.Page has speed. One act should not define a man and this one act won't. He got off with a slap on the wrist. I agree with judge no person was injured by his actions. The state was robbed of money by paying too much rent for a building and that money could have been used for social services. The Page family maybe "generous" with their money but for most part all of it is dirty money that he obtained for sources that are not on the upright. Page is the kind of lawyer that gives lawyers a bad name. He paid off this judge like he has many other tine and walked away. Does he still have his license. I believe so. Hire him to get you confiscated drug money back. He will. It will cost you.

  5. I remain amazed at the level of expertise of the average Internet Television Executive. Obviously they have all the answers and know the business inside and out.

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