Wanted: ‘Angel’ with $50 million donation to halt closing of Lincoln College in central Illinois. Deadline: Now.

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Wanted: ‘Angel’ with $50 million donation to halt closing of Lincoln College in central Illinois. Deadline: Now.
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The school, founded in 1865, has seen its finances devastated by the pandemic and a ransomware attack. If a hefty donation doesn’t come soon, its fate will be sealed.

LINCOLN, Ill. — The point of no return for Lincoln College will arrive within days, and when it does, the bad news will be final: After 157 years, this small liberal arts school named after Illinois’ most illustrious son will close.That’s what president David Gerlach says is necessary to secure the future of the predominantly Black institution, which has seen its finances devastated by the pandemic and a ransomware attack.

“These kids, this is the first time where somebody believes in them,” she said. “That’s why it’s hard for us to walk away.”Lincoln College, named after President Abraham Lincoln, was founded in the small town that also bears his name just a few months before his assassination in 1865. When the Great Depression took hold, it became a junior college, offering degrees that could be achieved in two years.

When that happened, Gerlach said, school officials were finally able to project enrollment for the 2022-2023 school year and made a jarring discovery: Instead of the increase they had expected, the number of students would once more remain flat.In late March, he gathered the students in the school gymnasium and told them the college would close by May 13. Students interviewed by the Tribune said they had no idea the school was on such thin ice.

“ is definitely leaving me with an empty kind of feeling,” he said. “I planned on spending the next two years of my life here. I’m confused about what’s going to come next.” Those involved say they know their work is probably in vain, especially given the tight deadline. On Thursday, dozens of schools will come to the campus to help students transfer . The day after that, Lincoln will begin to withdraw from the federal student aid program.

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