Source: Arthur M. Blank Family Foundation / Arthur M. Blank Family Foundation Arthur Blank's latest move is nothing short of monumental. Through the Arthur Blank Foundation, he has pledged $50 million over the next 10 years to support four of Atlanta's most storied HBCUs (Clark Atlanta University, Morehouse College, Morris Brown College, Spelman College) with "gap scholarships" for students who are nearing graduation but have exhausted other financial aid.