Clark Atlanta University has received $250,000 from Diageo North America to create a permanent endowment fund and provide financial aid grants to talented students across different disciplines and majors, reports PR Newswire. The donation is part of a broader innovative program that Diageo North America announced to support 25 Historically Black Colleges and Universities (HBCUs), focused on building opportunities to develop future leaders and help shape a more equitable society. The initiative is expected to benefit thousands of students across the country for many years to come.
The grant will be distributed within the institution through a fund structure established to provide $25,000 to address the 2021-2022 academic year’s immediate scholarship needs. At least 10 students each year who meet the set criteria will benefit from the endowment.
“I am elated about the generous gift provided to Clark Atlanta University by Diageo North America. Gifts like these provide our scholars with the crucial dollars and financial support they need to matriculate in private institutions such as CAU. Efforts like this help students in actualizing their academic and career goals,” said Clark Atlanta University president George T. French Jr., Ph.D.
