augusta prep

Augusta Prep receives $500,000 from Malone Foundation for endowed scholarships

(Story and photo courtesy Augusta Prep)

Augusta Prep received a big boost to its Malone Family Foundation scholarship program in the form of a an additional $500,000 grant.

The new foundation grant will 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, according to a June 13 news release from the Martinez school.

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 lifechanging education for students in the CSRA,” Augusta Prep Head of School Derrick Willard
said in the release. “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

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

Augusta Prep is ranked as one of’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, the release said.

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