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UGA Foundations Merge

By: Associated Press
By: Associated Press

ATLANTA (AP) -- The state Board of Regents has approved the
merger of two private foundations benefiting the University of
Georgia.

The UGA Foundation and the Arch Foundation are joining forces
after an ongoing feud led the university to split from its longtime
fund-raising arm. UGA cut ties with the UGA Foundation in 2005.

Foundation leaders say they hope to cut costs by eliminating
redundancies. They also hope to entice more alumni to donate by
ending the ill will between the two camps.

It also comes as UGA prepares for a $1 billion fund-raising
campaign. The new group will be known as the University of Georgia Foundation.


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