For Immediate Release
Contact: Anthony Flint 617-661-3016 x116
Cambridge, Mass. (February 13, 2009) – In response to the budgetary impacts of the economic downturn, the Lincoln Institute of Land Policy is consolidating its institutional structure to maintain focus on its core mission, President Gregory K. Ingram announced.
“Non-profit organizations are facing serious challenges in these times and we are no exception,” Ingram said. “We have made difficult decisions based solely on the need to reduce expenditures while focusing our resources on programs that are most closely aligned with the Institute’s core mission.”
The Department of Economic and Community Development, created in 2006 as a fourth department at the Lincoln Institute, will be phased out at the end of the current fiscal year June 30. The Institute’s work will then return to being organized in three major departments: Valuation and Taxation; Planning and Urban Form; and International Studies, including programs in China and Latin America.
The department’s work will continue as scheduled until June 30, and some activities will be continued beyond that date, including, for example, training in community land trusts as an affordable housing strategy.
Like many other non-profit organizations, the Lincoln Institute is taking steps to reduce expenditures going forward. As a private operating foundation, the Institute maintains an operating budget that is dependent on its endowment, which has declined in value.
The organization change will help the Lincoln Institute maintain the effectiveness of its overall program at a time when resources are much diminished, Ingram said.
Founded in 1974, the Lincoln Institute of Land Policy is a leading resource for key issues concerning the use, regulation, and taxation of land. The Lincoln Institute conducts research, holds conferences, provides education and training, undertakes policy evaluations, and publishes books and reports to improve the quality of public debate and decisions in land policy.
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