As reported in the Athens Banner-Herald, a $1.5 million dollar donation from the Arthur M. Blank Family Foundation will go toward students in UGA’s College of Pharmacy and from Atlanta’s Westside neighborhoods.
The foundation designated $1 million for the College of Pharmacy to support students needing financial assistance.
The $500,000, which was matched by $500,000 from the UGA Foundation, begins another endowment that will fund five need-based scholarships annually for students from Atlanta Westside neighborhoods — English Avenue, Vine City and Castleberry Hill.
Five undergraduates received the scholarship for Westside students from the newly-created Angela and Arthur M. Blank Scholarship Fund.
For over a decade, the Blank Foundation has funded efforts aiming to transform the Westside neighborhoods, including health, education, housing, civic empowerment, workforce development, youth development, parks and other areas.
Since the foundation was formed in 1995, it has given more than $300 million to charitable organizations.
Arthur Blank is the co-founder of Home Depot, now the world’s largest home improvement retailer. His current portfolio of businesses includes the Atlanta Falcons, Atlanta United, the new Mercedes-Benz Stadium, and others.
His wife, Angela Blank, is a director of the Blank Foundation and is a member of the UGA Board of Visitors.
In January, UGA President Jere Morehead announced the “Georgia Commitment Scholarship Program,” with a goal of adding 400 to 600 new needs-based scholarships.
Currently it exceeds 130 scholarships, according to a UGA announcement. The UGA Foundation would match any gift of $50,000, $75,000 or $100,000 for needs-based scholarships, he said.
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