Augusta Prep receives $500,000 from Malone Foundation for endowed scholarships
Augusta Prep is pleased to announce a big boost to its Malone Family Foundation scholarship program.
This week, Augusta Prep received an additional $500,000 grant from the Malone Foundation to help further provide educational opportunities for new students in the top five percent of their class who demonstrate academic achievement, exemplary citizenship, and leadership potential, as well as financial need.
In 2009, Augusta Prep was selected by the Malone Family Foundation as one of 48 schools nationwide – the only school in Georgia – to receive a $2 million endowment. Augusta Prep uses interest from the endowment to fund the annual Malone Scholarship program, which offers renewable scholarships that can pay up to 100 percent of tuition and most fees for students who are U.S. citizens in grades 7-12.
“We are so thrilled that John Malone decided to invest further in our ability to provide a life-changing education for students in the CSRA,” Augusta Prep Head of School Derrick Willard said. “This endowment expands our ability to provide access through scholarships to a Prep education. I hope families who qualify and want the very best education for their children will apply.”
The Malone Family Foundation, per its website, was founded in 1997 by Dr. John C. Malone, a well-known communications and media executive and investor, and his family, with one principal initial objective: to improve access to quality education – particularly at the secondary school level — for highly capable students who lack the financial resources to best develop their talents.
Augusta Prep is ranked as one of Niche.com’s 2023 "Best Schools" and as Augusta's best private school with an A+ rating. Augusta Prep is ranked No. 1 as the Best Private K-12 School in the Augusta area, No. 1 as the Best Private High School in Augusta, No. 1 as the Best High School for STEM in the Augusta area and No. 1 ranking as Best College Prep Private School in Augusta.
Augusta Preparatory Day School is an independent, college preparatory school serving children ages 2 through Grade 12 from the greater Augusta-Aiken area. Augusta Prep seeks to enroll a group of diverse students. We follow an open admission policy, whereby qualified candidates are admitted without regard to religion, race, nationality, economic background, or ethnic origin.