The Coca-Cola Foundation — the global philanthropic arm of The Coca-Cola Company – has awarded a $1 million grant to Oglethorpe University to establish the Coca-Cola Oglethorpe Scholars program. The foundation recently announced grants to seventeen colleges and universities totaling $5 million as part of The Coca-Cola First Generation College Scholarship Program. Oglethorpe will award its first Coca-Cola scholarships during its annual competitive scholarship competition in January 2013.
“Oglethorpe has a longstanding tradition of providing a high-quality, hands-on liberal arts education to first-generation college students. In fact, nearly 35 percent of our students are first-generation, a rarity among the nation’s top liberal arts colleges,” said Dr. Lawrence Schall, president of Oglethorpe University.
“We are extremely grateful for Coca-Cola’s recognition of our service to these students and to the city of Atlanta through this very generous grant. Our new Coca-Cola Oglethorpe Scholars program will help 100 first-generation students learn to make a life, make a living, and make a difference.”
For nearly 100 years, the Coca-Cola Company and Oglethorpe University have shared strong ties to one another and to the city of Atlanta. The very first Coca-Cola bottler, John Thomas Lupton, was a great Oglethorpe benefactor for whom one of our signature buildings is named. Throughout the years, numerous Coca-Cola executives have served on Oglethorpe’s board of trustees, including current Oglethorpe board chairman Norm Findley, retired Executive Vice President for Coca-Cola Enterprises, and board member Ceree Eberly, Chief People Officer for the Coca-Cola Company. Coca-Cola CEO Muhtar Kent was awarded an honorary Doctor of Laws degree from Oglethorpe in 2008.
Read the press release from the Coca-Cola Foundation
Download the OU press release (pdf)
The Atlanta Business Chronicle, a leading source for Atlanta business news, recently published a feature story titled “Oglethorpe University makes ‘amazing’ turnaround.”
Here’s a brief excerpt from the article, which was published in the December 16th print edition:
“The Oglethorpe story is an amazing one,” said Jack Guynn, retired president of the Federal Reserve Bank of Atlanta, who recently completed a three-year term as the chairman of its board of trustees. “Every indicator of success has moved in the right direction under Larry’s leadership — enrollment, markers of academic strength such as SAT scores, philanthropic giving and on and on. And this has all been accomplished during the most difficult economic times most of us have ever seen.”