(Atlanta, GA – June 9, 2011) – The boards of directors of the University of Georgia Foundation and the Arch Foundation for the University of Georgia today announced that they have voted to approve an agreement merging the foundations into a single cooperative entity. Today’s votes formalize a relationship that was made public in April and which will become effective at the beginning of the university’s fiscal year July 1, 2011.
The new entity will be known as the University of Georgia Foundation and will be headed by two former chairmen of the respective organizations. Bill Young, Jr., past chair of the UGA Foundation will serve as the new entity’s first chairman, while John Spalding, a former chair of the Arch Foundation will serve as vice chair. Spalding will become chair at the conclusion of Young’s two-year term.
The current chairs of both foundations, Sam Holmes (UGAF) and Jack Head (Arch) will continue to serve in leadership capacities with the new foundation as immediate past chairs.
“This is a great day for the University of Georgia and the UGA Foundation,” said Holmes. “I want to thank all of the trustees of both foundations for their diligent efforts in bringing this merger to reality.”
“We all have a great love for the University of Georgia and I am truly honored to be part of this historic merger,” said Head. “We know that bringing the two entities together will help us better focus our collective efforts on raising and managing funds in a way that will provide the greatest benefit to the university.”
The executive committee will include the chairs of the standing committees as well as all officers, the immediate past chair and one at-large member. President Michael Adams will continue in his role as an ex-officio voting member of the board.
Arch Foundation UGA Foundation
Tom Jackson Chip Stewart
University of Georgia Cookerly Public Relations
Phone: 706-542-8090 Phone: 404-816-2037