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  1. Newbie
    Interested in Language
    • Member Info
      • Native Language:
      • Arabic
      • Home Country:
      • Egypt
      • Current Location:
      • Egypt

    • Join Date: Jan 2014
    • Posts: 6

    Conversion Foundation

    Hi All,
    I found this expression as I was reading about Lumina foundation. The Wikipedia says:
    "Lumina Foundation is a conversion foundation created in mid-2000 as USA Group, Inc., the nation's largest private guarantor and administrator of education loans, sold most of its operating assets to the Student Loan Marketing Association, Inc. (Sallie Mae). "

    Can anyone explain what does "Conversion Foundation" mean?
    Thanks in advance.

    • Member Info
      • Native Language:
      • English
      • Home Country:
      • England
      • Current Location:
      • England

    • Join Date: Jun 2010
    • Posts: 25,034

    Re: Conversion Foundation

    Welcome to the forum.

    Click here for a start.

    • Member Info
      • Native Language:
      • British English
      • Home Country:
      • UK
      • Current Location:
      • Laos

    • Join Date: Nov 2002
    • Posts: 58,885

    Re: Conversion Foundation

    This piece suggests that a conversion foundation can be a result when an organisation changes to a for-profit status:
    Health conversion foundations

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