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.
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