LINC Lincoln Educational Services

Lincoln Foundation for Education Receives Generous Donation from Matco Tools

Lincoln Foundation for Education Receives Generous Donation from Matco Tools

Matco Tools will fund a scholarship program through 2028 to aid students training for transportation careers.

PARSIPPANY, NJ – October 17, 2024, Oct. 17, 2024 (GLOBE NEWSWIRE) -- The Lincoln Foundation for Education Inc. (LiFE), a nonprofit 501(c)(3) organization founded in 2016, has received a generous donation from Matco Tools, a leading global provider of industry-standard tools and equipment for the auto, diesel, and collision repair industries. Matco Tools has agreed to provide $100,000 each year through 2028 to LiFE to benefit students attending Lincoln Technical Institute (LTI) and training for new careers in these fields. The funds will be made available as scholarships and awards for both new and currently enrolled LTI students.

“We are incredibly grateful to Matco Tools for supporting LiFE to benefit LTI students and their future career aspirations,” says Sheri D. Leach, President of LiFE. “For several years, Matco Tools has supported LTI's career training programs by providing equipment and tools and helping students build in-demand skills for some of the country’s most vital professions. Their donation gives even more students the opportunity to build those skills and enter those professions. Auto, diesel, and collision repair technicians will keep the American economy growing and moving forward.”

LTI has been a national leader in specialized technical training for more than 75 years, with campuses across the country. Students at 12 campuses where Automotive Service Technology, Diesel and Truck Service Technology, and Collision Repair and Refinishing Technology programs are offered will be eligible to apply for these scholarships and awards. Matco Tools supplies tools, computerized diagnostic equipment and more to support future technicians in these fields, where more than 1 million openings are projected nationwide by 2032.*

"At Matco Tools, we believe that investing in scholarships is a powerful way to bridge the skills gap in the transportation industry,” says Laurie Reinbolt, Matco’s Vice President of Sales. “By empowering the next generation of technicians with education and hands-on training, we're not only equipping them with essential skills but also ensuring they have access to premium hand tools that enhance their craft. Together, we’re fostering a future where expertise and quality go hand in hand, driving innovation and excellence in our field."

Each year, $90,000 from Matco Tools’ donation will be set aside for need-based scholarships to help new incoming students manage the investment in their education. The remaining $10,000 will be awarded to current students based on academic performance and skills-based competitions that test their new career proficiencies.

* Career growth projections can be found at onetonline.org for the years 2022-2032 and are current as of October 16, 2024.

###

About The Lincoln Foundation for Education Inc.

The Lincoln Foundation for Education, Inc. (LiFE) has a mission to provide financial aid and assistance, grants, scholarships, and awards to those individuals pursuing post-secondary education in technical or vocational education at LTI and other similar institutions. The ultimate objective is to provide industry and community organizations, who wish to support both the growth of individuals and the development of a qualified workforce, the ability to contribute aid to promising students who do not have sufficient financial resources to attend or graduate from a post-secondary vocational institution in a timely manner with minimal educational debt.

LiFE sees higher education as a catalyst, an agent of change for individuals, families, communities, and local economies. We envision a community that recognizes the importance of educational attainment and assures positive outcomes are accessible to all regardless of economic circumstance.

For more information, visit lincolnfoundationedu.org.

About Matco Tools

Founded in 1979, Matco Tools is an award-winning franchise business that provides premium tools, diagnostics equipment, and tool storage to professional mechanics in a wide range of industries including automotive, aviation and marine. With over 1,900 mobile tool truck franchisees across the United States, Canada and Puerto Rico, Matco Tools is focused on growing its footprint with outstanding customer service and thoughtfully designed solutions that help highly-skilled professionals build their future. Learn more at .

Attachments



Sheri D. Leach
The Lincoln Foundation for Education, Inc.
(973) 766-9679
 
EN
17/10/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Lincoln Educational Services

 PRESS RELEASE

Lincoln Educational Services Corporation Schedules First Quarter Earni...

Lincoln Educational Services Corporation Schedules First Quarter Earnings Release and Conference Call PARSIPPANY, N.J., April 21, 2025 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (Nasdaq: LINC) (“Lincoln”) announced today that it will host a conference call to discuss its first quarter financial results on Monday, May 12, 2025 at 10:00 a.m. Eastern time. A news release outlining Lincoln’s results will be issued before 9:30 a.m. Eastern time on that day. To access the live webcast of the conference call, please go to the investor relations section of Lincoln’s website at ...

Lincoln Educational Services Corp: 1 director

A director at Lincoln Educational Services Corp sold 36,560 shares at 14.817USD and the significance rating of the trade was 59/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last...

 PRESS RELEASE

Lincoln Educational Services Expands Credit Facility to Support Growth...

Lincoln Educational Services Expands Credit Facility to Support Growth Initiatives Increased Financial Liquidity, Coupled with a Robust Balance Sheet, Provides Resources for Sustained Growth and Success PARSIPPANY, N.J., March 11, 2025 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (Nasdaq: LINC) today announced an amendment to its secured credit agreement with Fifth Third Bank, National Association, increasing the aggregate principal borrowing amount from $40 million to $60 million. This increase enhances the Company’s financial flexibility, and the additional liquidity e...

 PRESS RELEASE

Lincoln Educational Services Reports Strong Results for Fourth Quarter...

Lincoln Educational Services Reports Strong Results for Fourth Quarter and Full Year 2024; Provides Outlook for Continued Strong Growth in 2025 Conference Call Today at 10 a.m. Eastern Standard Time PARSIPPANY, N.J., Feb. 24, 2025 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (Nasdaq: LINC) today announced financial and operating results for the fourth quarter and fiscal year ended December 31, 2024, as well as recent business developments. Fourth Quarter 2024 Financial Highlights Revenue increased by 16.4% to $119.4 millionStudent starts grew by 9.6%; quarter-end stude...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

S&P 500 and Nasdaq 100 Breaking Out We are seeing signs that this 2+ month consolidation in the S&P 500 and Nasdaq 100 (QQQ) is ready to break out to the upside. Part of that is the obvious; both the SPX and QQQ are breaking out to marginal new highs. The other part that has kept us bullish this whole time is that market dynamics have remained risk-on, which we have discussed on a weekly basis. Bottom line: our outlook remains bullish as long as the S&P 500 remains above 5770-5850. Our recommen...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch