In a sweeping show of philanthropic commitment, the Arthur M. Blank Family Foundation has announced a $50 million, 10-year scholarship initiative aimed at narrowing the financial divide for students at Atlanta’s historically Black colleges and universities.

The initiative, announced Monday, will provide “gap scholarships” to students at Clark Atlanta University, Morehouse College, Morris Brown College and Spelman College who are in good academic standing but face financial hurdles that could prevent them from earning their degrees.

The new program, which begins in 2026, is expected to assist nearly 10,000 students across the four institutions over the next decade.

Students in good academic standing who have fully exhausted other financial options — including scholarships, federal grants

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