The city [Fort Wayne, Indiana] will use $125,000 in income tax revenue both this year and next to provide financial support to the Friends of the Lincoln Financial Foundation Collection to permanently protect and manage the collection from the defunct Lincoln Museum.
City Council’s 7-0 approval of a resolution in committee session Tuesday evening paves the way for a final vote on the bill sometime in the near future.
Former Lincoln National Corp. CEO Ian Rolland and Allen County Public Library Director Jeff Krull sought the money from the city as part of a fundraising effort to amass an endowment of $12 million.
Rolland said council’s vote would set an example in the public and private contribution process, which he said has been under way for a while. Rolland said the foundation has received $980,000 in cash and $2.2 million in pledges.
Read the full article in the Fort Wayne News-Sentinel.
