Complex sentence: It was founded in 1866 by members of the 62nd and 65th United States Colored Infantry under the name "Lincoln Institute" for the purpose of providing an education to African Americans through the combining of academics and labor.
Split into simpler sentences: It was founded in 1866 by members of the 62nd and 65th United States Colored Infantry under the name "Lincoln Institute". They wanted to provide an education to African Americans through the combining of academics and labor.