The UGA Foundation and the Arch Foundation for the University of Georgia in July came together as a single entity in support of the university and its fundraising efforts. President Michael F. Adams said the merger would move the university forward in a significant way, as “we are all stronger together than we are separately.” The new organization, called the University of Georgia Foundation, is responsible for overseeing and managing the foundation’s assets totaling over $700 million. Adams praised the two boards for their responsible stewardship during the past six years in a difficult economic climate.
The new foundation is headed by two former chairmen of the respective organizations. Bill Young Jr., past chair of the UGA Foundation, is chairman, while John Spalding, a former chair of the Arch Foundation, is 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,” Holmes said on July 1, when the merger took effect. “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,” Head said. “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 includes the chairs of the standing committees as well as all officers, the immediate past chair and one at-large member. Adams continues in his role as an ex-officio voting member of the board.