Arthur M. Blank Family Foundation donating $50M to Black Atlanta colleges
Source: ABC News/AP
October 13, 2025, 5:15 AM
ATLANTA -- ATLANTA (AP) — The Arthur M. Blank Family Foundation announced a $50 million donation to Atlanta’s historically Black colleges and universities on Monday, aiming to close financial aid gaps that might otherwise prevent students from completing their degrees.
The money will support nearly 10,000 students with “gap scholarships” if they are approaching graduation in good academic standing and have exhausted all other sources of financial support. The aim is to raise graduation rates at Clark Atlanta University, Morehouse College, Morris Brown College and Spelman College, according to the foundation’s announcement.
“These grants are a material investment in hope,” said Fay Twersky, the foundation’s president.
The 10-year commitment comes days after the Trump administration said it would redirect nearly $500 million in federal funding toward HBCUs and tribal colleges as a one-time investment. A similar amount would be cut from colleges with large enrollments of Hispanics and other minorities, amid other moves to eliminate programs that promote diversity in higher education.
Read more: https://abcnews.go.com/US/wireStory/arthur-blank-family-foundation-donating-50-million-historically-126464320
Great news! Both my great-grandparents on my father's paternal side graduated from Atlanta U in the early-1880s (the school having merged with Clark College in more recent times).
As a note - although he was a former co-founder of Home Deport (whose other co-founder was a RW loon and finally bought the farm last November), Blank was a Harris (and other Democratic Party causes) supporter - Arthur Blank joins 'Business Leaders for Harris' as his former business partner funnels money to Trump
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