Lincoln Foundation Promotes Economic Opportunity in Omaha
$150,000 in Workforce and Economic Development Grants Awarded
Omaha, Neb., February 15, 2012 — Grants from Lincoln Financial Foundation are helping to encourage entrepreneurism and promote adult and financial literacy in Omaha, laying a foundation for economic opportunity. Lincoln Foundation recently awarded $150,000 in workforce and economic development grants to five local nonprofit organizations working in these areas.
Family Housing Advisory Services will use $20,000 from Lincoln Foundation to create financially savvy citizens and provide a path to home ownership and financial independence for low-income people. The grant will provide financial literacy education and asset-building assistance to low- to moderate-income individuals and to youth aging out of the foster care system. Program participants will learn to budget and develop a financial plan, to manage debt and will have access to matched-savings accounts that will enable them to develop skills that will lead to self-reliance.
Completing the program, participants will have improved financial knowledge and skills and will adopt better financial behaviors and practices that will improve their financial sufficiency and self-reliance. The community will benefit from having more taxpayers with improved financial behaviors.
Other workforce and economic development grants awarded include:
$45,000 to the
Greater Omaha Chamber of Commerce for its entrepreneurship and innovation program.
Greater Omaha Alliance for Business Ethics to support programs that bring business leaders and students together to develop stronger business ethics policies.
Chicano Awareness Center (Latino Center of the Midlands) for adult literacy programs, GED and computer technology.
Literacy Center of the Midlands for a continuum of literacy classes for adults.
About Lincoln Financial Foundation
The Lincoln Financial Foundation, established in 1962, is a nonprofit organization formed and supported by Lincoln Financial Group. Under Lincoln Foundation guidelines, grants are made in the areas of arts, education, human services and workforce/economic development. The Lincoln Foundation allocated more than $846,000 to support nonprofits in Omaha in 2011. Since 2006, the Lincoln Financial Foundation has contributed more than $2.7 million to Omaha-area nonprofits.
About Lincoln Financial Group
Lincoln Financial Group has set aside almost $10 million of its pre-tax earnings for charitable causes that support philanthropic endeavors in the communities where its employees work. Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE:LNC) and its affiliates. With headquarters in the Philadelphia region, the companies of Lincoln Financial Group had assets under management of $153 billion as of September 30, 2011. Through its affiliated companies, Lincoln Financial Group offers: annuities; life, group life, disability and dental insurance; 401(k) and 403(b) plans; savings plans; and comprehensive financial planning and advisory services. For more information, including a copy of our most recent SEC reports containing our balance sheets, please visit www.LincolnFinancial.com.