IBJNews

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

Back to TopCommentsE-mailPrintBookmark and Share
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.



 

ADVERTISEMENT

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

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.

ADVERTISEMENT