What Guides Us
Luminos was created as a standalone non-profit organization in 2016. We’re part of a network of three organizations originated and scaled by the Legatum Foundation. The Freedom Fund was founded to abolish modern slavery, and the END Fund works to control and eliminate neglected tropical diseases. In its pursuit to make a positive difference in the world, the Legatum Foundation orients its philanthropy to areas that receive little attention yet are vital to improving lives at scale. Legatum is a private investment firm with a longstanding commitment to philanthropy. Whether they are investing in global capital markets or funding humanitarian projects, they use the same ‘investor’s lens’, leveraging their experience and unique perspective to move money to compelling ideas that can generate extraordinary social returns.
In the education space, Legatum partnered with Geneva Global, a philanthropic advisory firm, to create the Speed School program. Luminos has refined and scaled the program, now known as Second Chance, to reach children who have dropped out or never been to school. The Second Chance program enables these students to cover three years of school curriculum in one, intense year, and then mainstream to their local village school. This model has enabled over 118,000 children across rural Ethiopia and Liberia to get a second chance to learn.
Luminos was founded to scale the Second Chance program across the globe. Legatum launched the effort with a $10 million commitment over five years. Since that time, seven other major philanthropies and a number of high net worth individuals have invested in Luminos. Learn more about the history of Second Chance program here.
Since its launch, Luminos has expanded from Ethiopia to Liberia and Lebanon. In 2017, Luminos was recognized with two global awards: the WISE Award from the Qatar Foundation, and the HundrED Global Innovations Award. We received the HundrED Award again in 2018.
The Luminos Fund is a 501(c)(3), tax-exempt charitable organization registered in the United States (EIN 36-4817073).