20-3-499.3. Establishment, operation, and purpose of nonprofit REACH Georgia Foundation.

The authority may establish and operate a nonprofit corporation in accordance with subparagraph (a)(1)(Y) of Code Section 20-3-316, to be designated as the REACH Georgia Foundation. The purpose of the foundation shall be to accept private donations from individuals, charitable foundations, and corporations to provide funding for the scholarship program established pursuant to this part to ensure that Georgia’s low-income, academically promising students have the academic, social, and financial support needed to graduate from high school, access postsecondary education, and achieve postsecondary success. The foundation may identify, through strategic planning, other targeted fundraising and grant funding opportunities to support the purpose of the foundation.