This story was updated on Wednesday, Oct. 29, 2025, at 5:47 p.m.
The Arthur M. Blank Family Foundation made a major announcement Monday that will have a big financial impact on Atlanta’s historically Black colleges and universities. A 10-year scholarship investment was announced for Clark Atlanta University, Morehouse College, Morris Brown College and Spelman College. The $50 million fund is primarily designed to support juniors and seniors who need additional funding to graduate.
The initiative aims to increase the number of students graduating and builds on the Blank Foundation’s commitment to serving the city’s four HBCUs. Arthur M. Blank, the chairman of the foundation, hopes the grant will help other philanthropies start or expand their investments in HBCU student success.
The funding will be available starting at the beginning of 2026. In its first year, it’s expected to help nearly 10,000 students. According to a press release, this expands the Blank Foundation’s support to HBCUs, which previously included:
- $10 million to Spelman College for the Arthur M. Blank Innovation Lab
- $6 million for athletic field refurbishments at Clark Atlanta, Albany State, Miles College and Savannah State
- $3 million to Morris Brown College to digitize a one-year hospitality credential
- $400,000 to Morehouse College Golf Program with PGA TOUR Superstore
- New football helmets for Morehouse College and Clark Atlanta University student-athletes
Correction: A previous version of this article incorrectly stated the breakdown of the Blank Foundation’s support for HBCUs. This has now been corrected.
