The Lincoln-Lane Foundation was established in 1928 by Mr. and Mrs. John Henry Rodgers to enable deserving young men and women in the Norfolk Community to obtain a quality education.
Today, we have broadened our scope to include students from the Tidewater area of Virginia and our grants are to allow recipients to pursue full-time study at accredited post-secondary four-years schools, colleges, and universities located in the United States.
Scholarship recipients are selected annually on the basis of scholastic achievements as evidenced by academic records, tests, extra-curricular activities and demonstrated financial need. High potential for achievement in community service is also a consideration.
Once a scholarship is granted, it may be renewed for three additional years. Renewals are contingent upon continued demonstrated financial need and satisfactory academic performance, and may be altered by the Foundation at its own discretion.
The Foundation does not provide funds for endowments or building programs. It does not provide funds for general support or annual fund-raising campaigns. The Lincoln-Lane Foundation is classified as a private foundation within the meaning of Section 501(C)(3) of the Internal Revenue Code.
Grant recipients are required to submit periodic official transcripts or progress reports to the Foundation. The Foundation, in turn, must maintain accurate and thorough records as it is required by law to exercise expenditure responsibility for all grants to individuals. Detailed reports, with respect to such scholarship grants, are made annually to the Internal Revenue Service.
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