Blank Foundation Changes Strategic Direction

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The Arthur M. Blank Family Foundation has embarked on a new strategic direction, with more focus on programs that provide opportunities to children and youth.

The foundation, which was established in 1995 by Arthur Blank, co-founder of Home Depot, reached its $100-million milestone in giving in early 2003. The Atlanta, Ga.-based foundation plans to commit $100 million over the next five years to the new initiative.

Grants over the next five years will be awarded in two primary areas: Fostering Opportunity, aimed at helping low-income youth and their families overcome barriers imposed by poverty and origin; and Enhancing Quality of Life, designed to ensure that growing communities remain desirable places to live by protecting the environment, increasing recreational opportunities, and fostering diverse arts and cultural activities.

"Our family is committed to being a partner in promoting positive change - in individual lives and in entire communities," said founder Arthur Blank.