The Lincoln Academy of Illinois is a not-for-profit, non-partisan organization dedicated to recognizing contributions made by living Illinoisans.

[2] After visiting the Illinois exhibit at the 1964 New York World's Fair, the then head of the state's Organization for Economic Development and a theater producer, Michael Butler, was inspired to start an organization to honor distinguished Illinoisans.

The Governor accepted the proposal and named Butler the first Chancellor of The Lincoln Academy of Illinois on December 2, 1964.

The first convocation to honor Lincoln Laureates was held on February 12, 1965, at the Chicago Historical Society.

Administrative duties are carried out by the Executive Director, finances are handled by the Treasurer, and meeting minutes are taken by the Secretary.

Candidates are nominated for their contributions to ten fields: agriculture; the arts and performing arts; business, industry and communications; education; government and law; labor; medicine and science; religion; social services; and sports.

Student Laureates are chosen by the chief executive officers of their respective institutions, who also serve as Academic Trustees of The Lincoln Academy of Illinois.