Home Depot Co-Founder Blank Gives $50 Million to Black Colleges in Atlanta

The family foundation of Arthur M Blank, the billionaire owner of the Atlanta Falcons and co-founder of Home Depot Inc., is giving $50 million over a decade to four historically Black colleges in Atlanta to help students graduate and prevent them from dropping out because of funding gaps.

The donation will be distributed by Morehouse, Spelman and Morris Brown colleges and Clark Atlanta University. Each institution has high populations of recipients of federal Pell grants for low-income students, Blank’s foundation said in a statement Monday.