Arthur Blank’s Major Commitment to HBCUs: Investing in Futures & Equity

When business leader and philanthropist Arthur M. Blank gives, he gives with purpose. The founder of The Home Depot and owner of the Atlanta Falcons is once again making a major impact — this time through a $50 million donation to historically Black colleges and universities (HBCUs).

The funds, distributed through the Arthur M. Blank Family Foundation, are aimed at strengthening the educational pipeline, removing financial barriers, and creating lasting opportunities for thousands of students.

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🎓 Targeting the “Last Mile” of Education

The donation will support Clark Atlanta University, Morehouse College, Morris Brown College, and Spelman College, all based in Atlanta. A significant portion of the funds will be used for gap scholarships — financial aid designed to help students who are close to graduating but face unexpected costs that could keep them from completing their degrees.

This initiative is expected to assist nearly 10,000 students, ensuring that financial hardship doesn’t stand in the way of their future. It’s one of the largest single gifts made to HBCUs in Georgia and reflects Blank’s deep commitment to equity and access.

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🏈 Supporting Infrastructure and Athletics

Blank’s investment in HBCUs extends beyond scholarships. In recent years, his foundation has provided:

• $6.5 million in grants to upgrade football fields at Albany State, Clark Atlanta, Miles College, and Savannah State.
• New high-tech helmets for Clark Atlanta University and Morehouse College through a partnership with the Atlanta Falcons, improving player safety and athletic resources.

These efforts ensure that students don’t just receive financial support in the classroom — they also benefit from safer, more modern athletic environments.

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🌱 Why This Matters

1. Closing Graduation Gaps: Many students lose momentum in their final semesters due to sudden financial strain. Gap scholarships directly address this problem.
2. Leveling the Playing Field: Upgraded facilities and equipment help HBCUs remain competitive with larger, better-funded institutions.
3. Strengthening Communities: Higher graduation rates lead to stronger local economies, leadership pipelines, and intergenerational impact.
4. Raising the Profile of HBCUs: High-profile investments from figures like Blank signal the importance of HBCUs and encourage others to invest.

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✨ A Lasting Legacy

Arthur Blank’s philanthropy has long focused on transformative change, and this gift is no exception. By combining educational support, infrastructure investment, and a vision for equity, his foundation is helping ensure that talented students can cross the finish line — and that HBCUs continue to thrive for generations to come.

This isn’t just a donation. It’s an investment in potential, legacy, and the future of Black excellence.