The Arthur M. Blank Family Foundation Invests $50 Million Into Atlanta’s HBCU Legacy

The Arthur M. Blank Family Foundation (AMBFF) has pledged $50 million to support four institutions within the Atlanta University Center over the next decade, commencing in 2026. This substantial scholarship fund will benefit Clark Atlanta University, Morehouse College, Morris Brown College, and Spelman College, aiding nearly 10,000 students in total. Originating from the Foundation’s Founder Initiative portfolio, this investment is a testament to the chairman's commitment to student success. Fay Twersky, president of AMBFF, emphasized that this approach transcends mere financial support. “By allocating $50 million, we’re not just offering scholarships; we’re enabling countless aspiring leaders to realize their ambitions,” she stated. The foundation, established in 1995 by Arthur M. Blank, has donated over $1.5 billion to higher education and community organizations, including significant contributions to HBCUs. This latest commitment underscores the foundation's dedication to fostering educational opportunities and community enhancement in Atlanta and beyond. (Photo: Wikipedia Commons)