2026-05-13T17:36:55-05:00 2025-06-30 420714325 RSM US LLP 80 CITY SQUARE BOSTON MA 02129 990PF 2024-07-01 866021106 LINCOLN INSTITUTE OF LAND POLICY LINC 6023934300 11010 N TATUM BLVD D101 PHOENIX AZ 85028 GEORGE MCCARTHY PRESIDENT & CEO 6023934300 2026-05-13 1 1 LYNNE JOHNSON P00757336 6179129000 2026-05-12 2024 2025-03-06 01:10:19Z X 808637838 X 2764729 16677994 14930521 16677994 57904192 57904192 57904192 6533411 2072490 87323 2072490 79419405 72922036 25283895 2861907 1288461 1288461 1483196 13178379 0 0 12679191 11389773 0 0 6299692 52146 6336 6336 45811 221787 39887 39887 181900 20873527 7417656 7417656 15221997 1468441 93200 93200 1375240 1224766 105420 105420 1347151 1435012 91078 91078 1094914 62841 62841 905179 3612981 149572 149572 3438581 3747019 105354 105354 3797924 61160652 9359805 9359805 46775862 0 0 61160652 9359805 9359805 46775862 18258753 63562231 15924090 1576002 4783428 4783428 10532136 28456550 28456550 1256720 802946 1256720 1256720 1046926 1348269 1348269 444285 706933 706933 500504578 494481506 494481506 19181490 19514259 19514259 198799115 225703286 225703286 46340217 14904917 32851412 31435300 31435300 8625633 951587 951587 774364523 808637838 808637838 2914949 4931032 49120008 54338445 52034957 59269477 X 720575544 747584290 1754022 1784071 722329566 749368361 774364523 808637838 722329566 18258753 8871300 749459619 91258 749368361 PUBLICLY TRADED SECURITIES (SHORT) 6533411 6533411 6533411 PUBLICLY TRADED SECURITIES (LONG) 51370781 51370781 51370781 57904192 6533411 883515 0 883515 0 883515 775027 0 400000 0 1175027 X 14088 277424 277424 0 0 0 0 0 0 0 0 0 1 1 0 1 1 AZ MA DC 1 1 0 0 0 1 WWW.LINCOLNINST.EDU VINOD PARMESHWAR CFO 6023934300 11010 N TATUM BLVD D101 PHOENIX AZ 85028 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 GEORGE MCCARTHY 113 BRATTLE STREET CAMBRIDGE MA 02138 CEO & PRESIDENT/ DIRECTOR 37.50 589322 95887 0 WILLIAM GOODELL 11010 N TATUM BLVD PHOENIX AZ 85028 CIO 37.50 451683 67975 0 KATHRYN J LINCOLN 11010 N TATUM BLVD PHOENIX AZ 85028 CHAIR & CIO/DIRECTOR 37.50 440957 39522 0 VINOD PARMESHWAR 113 BRATTLE STREET CAMBRIDGE MA 02138 TREAS. & CFO-CHRO 37.50 301555 82952 0 LIZZIE KAZAN 11010 N TATUM BLVD PHOENIX AZ 85028 ASSISTANT TREAS. & DIRECTOR OF FINANCE 37.50 192727 43223 0 AMELIA STIER SECRETARY 11010 N TATUM BLVD PHOENIX AZ 85028 DIRECTOR OF BOARD & INVESTMENT MGMT 37.50 141962 39862 0 CAROLINA BARCO 11010 N TATUM BLVD PHOENIX AZ 85028 DIRECTOR 1.80 16500 0 0 THOMAS BECKER 11010 N TATUM BLVD PHOENIX AZ 85028 DIRECTOR 3.20 32000 0 0 JANE CAMPBELL 11010 N TATUM BLVD PHOENIX AZ 85028 DIRECTOR (UNTIL APRIL 2025) 2.00 23000 0 0 PETER CULP 11010 N TATUM BLVD PHOENIX AZ 85028 DIRECTOR 2.40 17000 0 0 CONSTANCE MITCHELL FORD 11010 N TATUM BLVD PHOENIX AZ 85028 DIRECTOR (UNTIL MAY 2025) 2.10 17000 0 0 NANCY GIBBS 11010 N TATUM BLVD PHOENIX AZ 85028 DIRECTOR 2.80 21000 0 0 TZU-CHIN LIN 11010 N TATUM BLVD PHOENIX AZ 85028 DIRECTOR 1.90 16500 0 0 BRUCE LINCOLN 11010 N TATUM BLVD PHOENIX AZ 85028 DIRECTOR 2.20 21000 0 0 JOHN G LINCOLN III 11010 N TATUM BLVD PHOENIX AZ 85028 DIRECTOR 1.90 14000 0 0 THOMAS NECHYBA 11010 N TATUM BLVD PHOENIX AZ 85028 DIRECTOR 3.80 30000 0 0 KEVYN ORR 11010 N TATUM BLVD PHOENIX AZ 85028 DIRECTOR 3.10 18500 0 0 TIM RENJILIAN 11010 N TATUM BLVD PHOENIX AZ 85028 DIRECTOR 3.40 32000 0 0 SCOTT SMITH 11010 N TATUM BLVD PHOENIX AZ 85028 DIRECTOR 1.80 15000 0 0 RAPHAEL BOSTIC 11010 N TATUM BLVD PHOENIX AZ 85028 DIRECTOR 0.50 0 0 0 KAREN SCHAEFFER 11010 N TATUM BLVD PHOENIX AZ 85028 DIRECTOR 3.20 25500 0 0 CHARLA GRIFFY-BROWN 11010 N TATUM BLVD PHOENIX AZ 85028 DIRECTOR (FROM APRIL 2025) 0.00 0 0 0 OTIS MOSS 11010 N TATUM BLVD PHOENIX AZ 85028 DIRECTOR (FROM APRIL 2025) 0.00 0 0 0 ZHI LIU 11010 N TATUM BLVD PHOENIX AZ 85028 EXEC. DIR. - CHINA P 37.50 333093 72956 0 JOAN M YOUNGMAN 11010 N TATUM BLVD PHOENIX AZ 85028 EXEC. DIR. - LAND & 37.50 344260 60156 0 ANNE W SCOTT 11010 N TATUM BLVD PHOENIX AZ 85028 EXEC. DIR. - CTR FOR 37.50 330121 62737 0 ENRIQUE R SILVA 11010 N TATUM BLVD PHOENIX AZ 85028 CHIEF PROGRAM OFFICE 37.50 301975 61283 0 KATIE GRACE DEANE 11010 N TATUM BLVD PHOENIX AZ 85028 COO 37.50 279566 39219 0 95 MERRILL LYNCH 2555 E CAMELBACK RD PHOENIX AZ 85016 INVESTMENT CONSULTING 686764 EAGLE CAPITAL MANAGEMENT 499 PARK AVENUE NEW YORK NY 10222 INVESTMENT ADVICE 610162 GRANITE 1100 W ST GERMAIN ST ST CLOUD MN 56301 INVESTMENT MANAGEMENT 253430 SANDS CAPITAL 1101 WILSON BLVD ARLINGTON VA 22209 INVESTMENT ADVICE 244518 SANTA BARBARA 2020 ALAMEDA PADRE SERARRA SANTA BARBARA CA 93103 INVESTMENT MANAGEMENT 230751 52 CLAREMONT LINCOLN UNIVERSITY: THE INSTITUTE PROVIDES FINANCIAL AND PROGRAMMATIC SUPPORT TO SUSTAIN AND EXPAND EDUCATIONAL OFFERINGS. 11210422 CROSS CUTTING PROGRAMS: THROUGH OUR RESEARCH AND CROSS-CUTTING INITIATIVES (RXI) WORK, WE AIM TO PROMOTE THE CONCEPTUALIZATION, DESIGN, AND IMPLEMENTATION OF RESEARCH-INFORMED PRACTICE ACROSS A VARIETY OF PROGRAM AREAS, INCLUDING HOUSING, PLANNING, AND LAW. WE WORK WITH OUR STAFF AND EXTERNAL PARTNERS TO USE THIS RESEARCH TO STRENGTHEN OUR OVERALL KNOWLEDGE BASE AND TO PUT OUR LEARNINGS INTO ACTION. 7759333 LAND & FISCAL SYSTEMS: PROSPEROUS CITIES AND REGIONS PROVIDE ESSENTIAL PUBLIC GOODS AND SERVICES THROUGH COORDINATED LAND USE PLANNING AND PUBLIC FINANCE. OUR WORK SEEKS TO EXPAND ACCESS TO THRIVING CITIES TO CREATE NEW OPPORTUNITIES. 6393241 LAND & WATER: THE MOST BASIC OF NATURAL RESOURCES, LAND AND WATER ARE THE FOUNDATION OF CIVILIZATION. THROUGH INTERNATIONAL NETWORKS AND CUTTING-EDGE RESEARCH, WE STRIVE TOWARD GREATER LAND STEWARDSHIP AND COORDINATED LAND AND WATER DECISIONS TO ENSURE A LIVABLE FUTURE. 5175480 0 552516636 26721033 184802935 764040604 0 0 764040604 11460609 752579995 37629000 X 46775862 0 46775862 2006-11-01 X 15924090 12794754 9604384 5918517 44241745 13535477 10875541 8163726 5030739 37605483 46775862 39533468 41732550 40943792 168985672 0 0 0 0 0 46775862 39533468 41732550 40943792 168985672 0 0 25086000 23558577 21240521 23560455 93445553 0 0 0 0 X 0 0 PUBLICATIONS 29985 CONTRACT REVENUE 1870714 EVENTS 84468 523000 84970 14 16593024 18 57904192 OTHER INVESTMENT RELATED INCOME 14 87323 84970 74584539 1985167 76654676 1A SALES OF SCHOLARLY PUBLICATIONS IN VARIOUS PROGRAM AREAS 1B CONTRACT SERVICES FOR LINCOLN PROGRAM EXPERTISE 1C EVENT COSTS REIMBURSED 0 0 0 0 0 0 0 0 0 0 X X 1 BOISE STATE UNIVERSITY 1910 UNIVERSITY DRIVE BOISE ID 83725 10173 X 2 PLANET WOMEN 9760 COPPERTOP LOOP BAINBRIDGE ISLAND WA 98110 45000 X 3 ROBERT WOOD JOHNSON 50 COLLEGE ROAD EAST PRINCETON NJ 08540 689851 X 4 THE PEW CHARITABLE TRUST 25 MARKET STREET PHILADELPHIA PA 19103 90707 X 5 UNIVERSITY OF PITTSBURGH 300 MURDC 3420 FORBES AVE PITTSBURGH PA 15260 21845 X 6 US BUREAU OF RECLAMATION PO BOX 25007 DENVER CO 80225 347832 X 7 US GEOLOGICAL SURVEY NATIONAL CENTER 12201 SUNRISE VALLE RESTON VA 20192 362112 X 8 ARC SOLUTIONS 23564 CALABASAS RD STE 201 CALABASAS CA 91302 20000 X 9 CASCADE LOANS PO BOX 15035 CHANDLER AZ 85244 5000 X 10 ENTERPRISE COMMUNITY PARTNERS INC 11000 BROKEN LAND PARKWAY STE 700 COLUMBIA MD 21044 120000 X 11 FIDELITY CHARITABLE PO BOX 770001 CINCINNATI OH 45277 5000 X 12 GREATER KANSAS CITY COMMUNITY FOUNDATION 1055 BROADWAY BLVD STE 130 KANSAS CITY MO 64150 15000 X 13 JANET AND DAN DUBRAVA 4319 BROOKRIDGE DR FAIRWAY KS 66205 5000 X 14 KRESGE FOUNDATION 3215 W BIG BEAVER ROAD TROY MI 48084 500000 X 15 LINDA MASON 73 SOMERSET ST BELMONT MA 02478 5000 X 16 NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION 1401 CONSTITUTION AVE NW RM 5128 WASHINGTON DC 20230 53629 X 17 NEIL KARBANK 2000 SHAWNEE MISSION PRWY STE 400 MISSION WOODS KS 66205 10000 X 18 SCOTT AND MARY BROWN 1 DOWNING RD HANOVER NH 03755 5000 X 19 SPRING POINT PARTNERS 2929 WALNUT STREET STE 1150 PHILADELPHIA PA 19104 20110 X 20 THE NATURE CONSERVANCY 2424 SPRUCE STREET BOULDER CO 80302 25000 X 21 UNIVERSITY CORPORATION OF ATMOSPHERIC RESEARCH 3090 CENTER GREEN DRIVE BOULDER CO 80301 194923 X 22 UNIVERSITY OF NORTH CAROLINA 104 AIRPORT DR STE 2200 CHAPEL HILL NC 27599 17482 X 23 VERMONT COMMUNITY FOUNDATION 3 COURT STREET MIDDLEBURY VT 05753 5000 X 24 WATER FOUNDATION 3335 WATT WVE STE B PMB233 SACRAMENTO CA 95821 250000 X AUDIT FEES 221787 39887 39887 181900 BARROW HANLEY CORE 19514259 19514259 EAGLE CAPITAL MGMT 104759120 104759120 GRANITE 49614192 49614192 LINCOLN ELECTRIC HOLDINGS 145110435 145110435 SANDS CAPITAL MGMT 58561960 58561960 SANTA BARBARA 56218434 56218434 FULLER AND THALER 40757815 40757815 POLEN INTL GROWTH 37455570 37455570 BARROW HANLEY MUTUAL 2003980 2003980 NUVEEN GLOBAL INFRASTRUCTURE FMV 34131614 34131614 MUTUAL FUNDS FOR 457 PLAN FMV 731207 731207 SKELLIG DST WATER FUND FMV 16086874 16086874 ABRAAJ GROWTH MARKETS FMV 2256568 2256568 ANGELO GORDON II FMV 2630632 2630632 ANGELO GORDON III FMV 4563698 4563698 ANGELO GORDON REAL ESTATE FMV 5747697 5747697 BARINGS FMV 9914090 9914090 BAYVIEW FMV 1519834 1519834 BLACKSTONE STRATEGIC CAP HOLDINGS FMV 11647274 11647274 BLACKSTONE STRATEGIC OPPORTUNITY FUND FMV 3890758 3890758 BLACKSTONE STRATEGIC PARTNERS SECONDARIES FMV 5967101 5967101 CARLYLE FMV 136078 136078 CARLYLE ALPHAINVEST FMV 5176510 5176510 CARLYLE ENERGY PARTNERS FMV 5257042 5257042 ECOSYSTEM III FMV 7208831 7208831 ECOSYSTEM PARTNERS IV FMV 8539744 8539744 ECOSYSTEM V FMV 2903992 2903992 GERBER TAYLOR FMV 11000000 11000000 GERBER TAYLOR OFFSHORE FMV 11781125 11781125 IHS DEVFUND I EKHAYA FMV 781992 781992 INTERNATIONAL HOUSING SOLUTIONS FMV 3208667 3208667 INVESTEC (AFRICAN) FMV 861820 861820 KAIROS VENTURE PARTNERS III FMV 7117148 7117148 KAYNE ANDERSON FMV 3445157 3445157 LEVINE LEICHTMAN CAP PARTNERS VI FMV 10238725 10238725 LEVINE LEICHTMAN CAP PARTNERS VII FMV 1680022 1680022 LLCP III FMV 8344484 8344484 MORGAN CREEK FMV 1529191 1529191 MORGAN CREEK NEW CHINA FUND FMV 4778041 4778041 SILVER LAKE ALPINE II OFFSHORE FMV 9501830 9501830 SKYBRIDGE FMV 7812841 7812841 UNIGESTION FMV 9388253 9388253 UNIGESTION CLIMATE FMV 5924446 5924446 LAND & BUILDING - BRATTLE 10082410 8026905 2055505 2055505 LAND & BUILDING - PHILLIPS 4189780 1770751 2419029 2419029 LAND & BUILDING - PHOENIX 3366209 2327069 1039140 1039140 CAP IMPROVEMENT - BRATTLE 20292767 1437459 18855308 18855308 CAP IMPROVEMENT - PHILLIPS 3020893 201881 2819012 2819012 CAP IMPROVEMENT - PHOENIX 2751904 0 2751904 2751904 CAPITALIZED INTEREST - BRATTLE 358310 0 358310 358310 CAPITALIZED INTEREST - PHILLIPS 443002 0 443002 443002 CAPITALIZED INTEREST - PHOENIX 121864 25588 96276 96276 ARTWORK 228901 0 228901 228901 FURNITURE & EQUIPMENT 1484177 1115264 368913 368913 LEGAL FEES 52146 6336 6336 45811 HEALTH INSURANCE DEPOSIT 46800 108400 108400 INVESTMENT INTEREST RECEIVABLE 150136 226228 226228 OPERATING LEASE RIGHT-OF-USE ASSET 178930 116959 116959 RECEIVABLES FROM INVESTMENTS SOLD 8249767 SAFE INVESTMENT 0 500000 500000 CHANGE IN DEFERRED EXCISE TAX 91258 RESEARCH & RFPS 1055070 0 0 963259 DISSEMINATION 886117 0 0 772214 GENERAL OFFICE 675096 76176 76176 1025572 INSURANCE 179180 0 0 179181 OTHER STAFFING 214118 0 0 205148 INFORMATION TECHNOLOGY 737438 29178 29178 652550 PUBLICATIONS 29985 29985 CONTRACT REVENUE 1870714 1870714 EVENTS 84468 84468 OTHER INVESTMENT RELATED INCOME 87323 87323 87323 UNREALIZED GAIN ON INVESTMENTS 8871300 REVOLVING LOAN ACCOUNT 38825555 38825555 DEFERRED FEDERAL EXCISE TAX 3027736 3118993 ACCRUED POST-RETIREMENT BENEFITS 6473123 11525928 DEFERRED COMPENSATION RESERVE 610135 731207 OPERATING LEASE LIABILITY 183459 136762 INVESTMENT ADVISORY FEES 2201799 2201799 2201799 0 INVESTMENT CONSULTANT 1499377 1499377 1499377 0 PROGRAM PROFESSIONAL FEES 17172351 3716480 3716480 15221997 FOREIGN TAXES 103762 103762 103762 0 PROPERTY TAXES 48848 1658 1658 47189 FEDERAL UBIT 61637 0 0 61637 FEDERAL EXCISE 974703 0 0 1202519 OTHER TAXES 35816 0 0 35806