A $2.4 million gift from the Goizueta Foundation will provide need-based scholarships to more than 100 University of Georgia students who are fluent in Spanish.
The gift is designed to encourage college enrollment among Latinos, who comprise a growing proportion of Georgia‘s high school graduates but are underrepresented in the state’s colleges, according to a UGA news release.
Twenty-seven percent of Hispanic 18- to 24-year-olds go to college, compared with 33 percent of African Americans and 43 percent of whites, according to the Southern Regional Education Board.
The gift will fund three programs over seven years. A total of 60 incoming freshman will receive a need-based tuition scholarship that can be renewed over their four years in school.
Another program will provide tuition to 28 students based on exceptional academic performance. The fund will also support 36 students who want to transfer into UGA, affording them the chance to extend their education beyond a two-year associate’s degree.
The Goizueta Foundation was established by Roberto Goizueta, a Cuban native who served as Coca-Cola Co.‘s CEO and board chairman until his death in 1997.