ATHENS, Ga. — The University of Georgia Foundation and the Arch Foundation have formally approved merging.
The two private groups voted Thursday to join forces after an ongoing feud led the university split from its longtime fund-raising arm. UGA cut ties with the UGA Foundation in 2005.
Foundation leaders say they hope to cut costs by eliminating redundancies. They also hope to entice more alumni to donate by ending the ill will between the two camps.
It also comes as UGA prepares for a $1 billion fund-raising campaign.
The new group will be known as the University of Georgia Foundation.