Source of LU scholarships still unclear after split with foundation
Questions still surround the method by which Lincoln University will fund scholarships that, until Jan. 1, were handled by the Lincoln University Foundation.
At the end of 2018, the university severed ties with the foundation which was later rebranded the 62nd & 65th Regiments Legacy Foundation.
“The university will also be advising past scholarship recipients as to the process for continuing receipt of their scholarship through the University,” LU spokesperson Misty Young said in an April 8 press release.
Following the LU Board of Curator’s meeting Thursday, newly sworn board President Frank Logan wouldn’t comment on whether the situation with the university’s former fundraising partner was discussed, but did address the question of how scholarships would be funded.
“The university has already issued statements to those students involved that the university has funds available to honor those scholarships,” Logan said.
When asked where the funds would be drawn from, Logan said that they would be coming from “various sources,” but would not elaborate.
According the recent 990 forms filed for the Lincoln University Foundation, the nonprofit group distributed about a quarter-million dollars to students for scholarships and grants each year.
The number of scholarship recipients has varied over the previous four years as indicated by the chart below.
ABC 17 News submitted multiple requests for information regarding the funding source for 2019 scholarships, but the university did not immediately respond.
In February, a new scholarship fund was established in honor of Lincoln University student leader D’Angelo Bratton-Bland, who was killed in a December shooting.
That fund is being processed through the university’s Office of Institutional Advancement, which now shoulders the duties that were previously handled by the foundation.
The 62nd & 65th Regiments Legacy Foundation told ABC 17 News it has retained legal council and plans to file a lawsuit if the University does not comply with its request for the financial information that was withheld when the schism occured.
