Impact Investing Intern

Position Title:  Lumina Foundation Impact Investing Intern (May 2026- August 2026) 

Department:  Finance and Investments – Impact Investing 

Location: Indianapolis, Indiana. All Lumina staff and interns spend three working days per week in their local Lumina office.  

Duration:  May 12, 2026- August 6th, 2026 

Compensation: $20-$24 per hour for students enrolled in a graduate program or a recent graduate 

Schedule:  40 hours weekly. Schedule can be negotiated with supervisor. 

Lumina Foundation is an independent, private foundation in Indianapolis that is committed to making opportunities for learning beyond high school available to all. We envision a system that is easy to navigate, delivers fair results, and meets the nation’s need for talent through a broad range of credentials. Our goal is to prepare people for informed citizenship and for success in a global economy. 

Lumina is among the nation’s largest private foundations, with an endowment exceeding $1 billion and offices in Indianapolis, IN and Washington, D.C. Lumina has a passionate and committed staff who value candor, collaboration, and connection. Click?here?to learn more about our core values. 

Purpose 

The candidate will collaborate with the Impact Investing team to advance Lumina’s work in service of our 2040 goal: that 75% of US adults will have access to degrees and credentials of value leading to economic prosperity. The Impact Investing team invests in innovative, technology-oriented solutions that address the unmet needs of students to, and through, higher education and workforce. 

Responsibilities: 

Fund manager investment analysis 

• Analyze existing portfolio to assess financial performance and impact alignment to-date 
• Contribute to thought leadership by analyzing investment performance (impact and financial) at a firm and fund-level 
• Develop manager landscape across asset classes 

Strategic impact investment analysis  

• Analyze thematic subsectors for investment as related to Lumina’s mission 
• Support due diligence for direct equity investments 
• Support due diligence for fund manager asset allocation 
• Drive sourcing by leading accelerator and venture studio landscaping and screening

The candidate’s projects will include:  

• Co-constructing, leading, and managing short projects that leverage market-level financial data to inform internal strategies and strategy execution. 
• Leveraging market research to find and elevate strong opportunities for investment or ecosystem building.  
• Engaging with colleagues across the foundation through internal meetings and contributing to strategic conversations. 
• Working alongside strategy officers and directors to manage project tasks. 
• Other projects or tasks that the candidate and supervisor agree are related to the portfolio.   

Education and Experience  

• We are most interested in finding the best candidate for the job, and that candidate may come from a non-traditional background. We may consider knowledge, skills, education, and experience to meet minimum qualifications. If you are interested in applying, we encourage you to think broadly about your background, interests, and skill set for the role. 
• Enrolled graduate students only. 
• Understanding of impact investing, venture capital, private equity, or venture philanthropy is a plus. 
• Interest in the economics of postsecondary education and the issues facing underserved students is a plus. 

Qualifications 

• All-hands-on-deck, communicative working style 
• Strong analytical and strategic mindset 
• Stable access to high-speed internet when working outside the office 
• Advanced knowledge of Microsoft Office 
• Ability to work in the Indianapolis area 

Work Environment and Physical Demands 

• Work is performed in an office environment, mostly sedentary. 
• Able to extensively use various forms of technology. 
• Sitting and standing for long periods of time. 

This Position Summary is only a summary of the typical job functions, not an exhaustive list of all possible responsibilities, and may be subject to change at any time due to reasonable accommodation or other reasons. 

Accepting Applications- Applications will be reviewed on a rolling basis. Shortlisted candidates will be contacted during the interview period. 

Interview Period – February 16th – March 6, 2026 

Internship Program Dates: May 12th – August 6, 2026