Individual states have a long tradition of providing financial support for their public K-12 schools. This support reflects the state's constitutional requirement to educate its citizens. However, states vary widely in both the amount of funding provided to public schools, and the distribution of funding among schools. The fundamental observation underlying discussions of school finance is that communities vary in the amount of wealth they possess, and that this can affect the financial resources dedicated to providing K-12 education. The most commonly-used indicator of community wealth related to education funding is the assessed valuation of individual and business property within the community. Because communities vary greatly in the amount of taxable property per-pupil, significant variations existed across communities in revenues that could be raised for education. This report provides an overview of the main parts of Indiana's Foundation Program for K-12 education. Rather than focus on the details of the calculations of the Foundation Program, this report describes the purpose of the different parts of the Foundation Program. Readers who are interested in more of the details behind the various calculations presented here are referred to the Digest of Public School Finance, produced by the Indiana Department of Education. As shown here, Indiana's Foundation Program is actually a series of interrelated formulas that are subject to change depending on decisions made by the Indiana Legislature. These changes can affect not only the total amounts of funds given to schools for various purposes, but also how these funds are distributed among corporations. (Contains 6 figures and 19 tables.)