The boards of directors of the University of Georgia Foundation and the Arch Foundation for the University of Georgia voted June 9 to approve an agreement merging the foundations into a single cooperative entity. The votes formalize a relationship that was made public in April and which will become effective at the beginning of the university’s fiscal year on July 1.
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.
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. UGA President Michael Adams will continue in his role as an ex-officio voting member of the board.