Better Business Bureau Report for
Lincoln Foundation, Inc.

Better Business Bureau Report issued April 2018
Better Business Bureau Report expires April 2020

This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...

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Charity Contact Information

Name: Lincoln Foundation, Inc.
Address: 200 West Broadway, #500
  Louisville, KY 40202
Phone: 502-585-4733
Web Address:
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Better Business Bureau Comments

Year, State Incorporated: 1910, Kentucky
Affiliates: None
Stated Purpose: To provide educational enrichment programs that develop and support youth in overcoming barriers to achievement

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Evaluation Conclusions


Lincoln Foundation, Inc. meets the 20 Standards for Charity Accountability.
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The principal program service activities are non-traditional out of school enrichment programs. The signature program is the Whitney M. YOUNG Scholars ProgramĀ® which was created in 1990 to recruit academically talented, socioeconomically disadvantaged seventh grade students in the Louisville Metro area. Over a six-year period, this program prepares them for high school graduation and successful matriculation into post-secondary educational institutions. This goal is reached through Educational Clinics, Parental Institutes, and Summer Institutes. Approximately 400 students annually are served by this program.

For the fiscal year ended December 31, 2016, Lincoln Foundation, Inc.'s program expenses were:

Educational programs 893,006
Other programs 147,745
Grants and scholarships 81,025
Total Program Expenses: $1,121,776
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Chief Executive : Larry M. McDonald, President

Chair of the Board: Ekumene Lysonge
Chair's Profession / Business Affiliation: General Counsel, Cafe Press

Board Size: 22

Paid Staff Size: 44

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising


Method(s) Used:

Direct mail, invitations to fund raising events, print advertisements, television, radio, grant proposals, internet
Fund raising costs were 10% of related contributions. (Related contributions, which totaled $2,158,167, are donations received as a result of fund raising activities.)
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Tax Status


This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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The following information is based on Lincoln Foundation, Inc.'s audited financial statements for the fiscal year ended December 31, 2016.

Ending net assets as reported below include $4,757,279 in unrestricted net assets, $2,994,646 in temporarily restricted net assets, and $3,006,187 in permanently restricted net assets.

Unrestricted net assets include $4,153,907 in undesignated assets, $267,000 in Board designated, endowment assets, and $336,372 in Board designated, other assets.

Total assets as reported include $954,426 invested in property and equipment, net.

Source of Funds  
Contributions 1,857,668
Rental Income 478,754
Net Realized and Unrealized Investment Gains 212,613
In-kind Contributions 152,038
Grants 131,908
Investment Income 93,461
Miscellaneous 41,008
Special Events,net 16,553
Program Fees 8,178
Total Income $2,992,181


Uses of Funds as a % of Total Expenses

Programs: 78%  Fund Raising: 14%  Administrative: 8% 

Total income $2,992,181
Program expenses $1,121,776
Fund raising expenses 207,321
Administrative expenses 120,854
Total expenses $1,449,951
Income in Excess of Expenses 1,542,230
Beginning net assets 9,215,882
Ending net assets 10,758,112
Total liabilities 446,301
Total assets $11,204,413

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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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