Lincoln University severs ties with foundation
Lincoln University will start taking donations directly, ending its longtime partnership with the Lincoln University Foundation.
The relationship between the university and its foundation ended Dec. 31, Lincoln University spokeswoman Misty Young said in a news release Tuesday.
“At this time, the University has decided to move in a new direction consistent with best practices in higher education fundraising to assure the most effective and efficient use of donated funds,” Young wrote in the release.
Donations will now be made to Lincoln’s Office of Institutional Advancement and Alumni Relations.
“Donors can be assured that their gifts will go directly to Lincoln University’s priorities and according to the donors’ personal wishes,” Young wrote. “In addition, Lincoln University donors can have complete confidence that their gifts will be used effectively and efficiently to support the University and its students.”
The university said donors have “played an instrumental role” in providing students access to higher education.
The most recent available federal tax filing for the foundation is for the 2016 tax year and shows the organization took in about $3.4 million that year and revenue outpaced expenses by about $570,000. The document lists the foundation’s net assets at about $9.5 million.
The foundation’s stated mission is to raise funds in support of the univeristy and tax documents show much of that money is spent on scholarships. Lincoln is a historically black university established in 1866 in part by funds from black Union soldiers who fought in the Civil War.
