LCF Approves $1.23 million in Local Distribution
At the August, 2017, board meeting, The Lincoln Community Foundation board approved distribution of $1.23 million to local nonprofit organizations. The total includes $480,000 in grants to 18 local nonprofits. Additionally, $250,000 will support the Give to Lincoln Day 2018 Match Pool.
A new match pool of $200,000 was approved for designated funds. The Lincoln Community Foundation will provide a 10% match for new gifts to endowed funds that support Lincoln nonprofit organizations and houses of worship. This match opportunity will run through December 2018 or until the match pool is dispersed.
In support of the Prosper Lincoln community agenda, LCF has made a mission investment in the form of a $300,000 second mortgage loan to the Dimensions Educational Research Foundation to help the organization acquire a new building. The space located at 7700 A Street will offer a second Dimensions Educations Programs location, providing quality early childhood education for 80 additional children. Approximately one-third of the placements will go to lower and moderate income families based on scholarships and a sliding fee scale. The additional site will provide 11 new, living-wage jobs. Situated near a wooded area, the preschool will include a Nature Explore outdoor classroom.