ATLANTA - The Arthur M. Blank Family Foundation is donating $50 million to help students at four of Atlanta’s Historically Black Colleges and Universities (HBCUs) overcome financial barriers and earn their degrees.

What we know:

The foundation, chaired by Home Depot co-founder Arthur M. Blank, will distribute the funds over the next 10 years. The initiative will provide gap scholarships aimed at increasing graduation rates at Clark Atlanta University, Morehouse College, Morris Brown College and Spelman College.

According to the foundation, many students at these institutions qualify for Pell Grants, which are federal need-based awards that do not have to be repaid. However, Pell Grant recipients often face additional financial challenges and are more likely to leave college before com

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