Arthur M. Blank Family Foundation Commits $50 Million to Atlanta Hbcus | AI News Digest
A recent report indicates that the Arthur M. Blank Family Foundation has committed $50 million to bolster historically Black colleges and universities (HBCUs) in Atlanta, focusing on Clark Atlanta University, Morehouse College, Morris Brown College, and Spelman College. This funding will offer gap scholarships to nearly 10,000 students who are on the verge of graduation but are confronted with financial challenges. The initiative seeks to improve graduation rates and ensure that financial constraints do not impede students' educational journeys. This donation is part of a larger effort by the foundation, which has a history of significant contributions to educational institutions and community projects. The investment is anticipated to promote economic development and create opportunities within Atlanta and the surrounding areas.
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