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MarketScreener Homepage  >  Equities  >  Nyse  >  Lincoln National Corporation    LNC

LINCOLN NATIONAL CORPORATION

(LNC)
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Lincoln National Corporation : Dec 17, 2012: Lincoln Foundation Supports Adult Education And Entrepreneurship — $135,000 in Economic and Workforce Development Grants Awarded

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12/20/2012 | 06:06am EDT

Lincoln Foundation Supports Adult Education And Entrepreneurship
$135,000 in Economic and Workforce Development Grants Awarded

Greensboro, NC, December 17, 2012 - Grants from Lincoln Financial Foundation are supporting agencies that provide job training, adult education, financial literacy programs and economic development in Greensboro. Lincoln Foundation recently awarded $135,000 in economic and workforce development grants to seven local nonprofit organizations, a portion of $1.8 million in charitable funds Lincoln Foundation has allocated for the area in 2012.

A $20,000 grant to the Women's Resource Center will fund workshops on financial literacy for women in transition. The workshop series focuses on money management strategies, including budgeting, banking services, saving, managing debt and credit, homeownership, protecting assets and planning for retirement. The Lincoln Financial Women's Leadership Group held a financial literacy seminar at the Women's Resource Center in October.

Other economic and workforce development grants awarded include:
Economic Development

  • $25,000 to Piedmont Triad Partnership for the Accelerating High Growth Entrepreneurial Mentoring/Training program, mobilizing and training seasoned entrepreneurs, investors and business leaders then deploying them as mentors, teachers and coaches to promising entrepreneurs.
  • $20,000 to Family Service of the Piedmont for Consumer Credit Counseling and Foreclosure Prevention Services, which provide families in Guilford County with the tools they need to be financially self-sustaining and to prevent losing their homes to foreclosure.
  • $15,000 to Nussbaum Center for Entrepreneurship for the Entrepreneur Assistance Support and Education program, which provides entrepreneurs with professional consulting and business support, including access to marketing, accounting, legal, capital, human resources, financial and graphic design services.

Workforce Development

  • $25,000 to Reading Connections to support adult literacy programs including GED, English as a Second Language and adult basic education, which improve self-sufficiency and employability.
  • $15,000 to Greensboro Chamber Foundation for Triad InternNet, an online matching and referral program for individuals seeking internships and organizations seeking interns.
  • $15,000 to Welfare Reform Liaison Project to re-train unemployed manufacturing employees in the area of digital imaging, giving them a technologically advanced skill set and future career opportunities.

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 economic/workforce development. The Lincoln Foundation awarded more than $2.5 million to support nonprofits in the greater Fort Wayne area in 2011. Since 1962, the Lincoln Foundation has contributed over $89 million to Fort Wayne 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 $174 billion as of September 30, 2012. 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.



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Financials (USD)
Sales 2019 17 849 M
EBIT 2019 2 401 M
Net income 2019 1 652 M
Debt 2019 5 983 M
Yield 2019 2,83%
P/E ratio 2019 7,04x
P/E ratio 2020 5,31x
EV / Sales2019 0,93x
EV / Sales2020 0,90x
Capitalization 10 644 M
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Number of Analysts 16
Average target price 72,94  $
Last Close Price 53,17  $
Spread / Highest target 73,0%
Spread / Average Target 37,2%
Spread / Lowest Target 1,56%
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Dennis R. Glass President, Chief Executive Officer & Director
William H. Cunningham Non-Executive Chairman
Randal J. Freitag Chief Financial Officer & Executive Vice President
Kenneth S. Solon Chief Information Officer & Executive VP
Eric G. Johnson Independent Director
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