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.
- $40,000 to Greater Omaha Alliance for Business Ethics to support programs that bring business leaders and students together to develop stronger business ethics policies.
- $15,000 to Chicano Awareness Center (Latino Center of the Midlands) for adult literacy programs, GED and computer technology.
- $10,000 to 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.