Georgia Tech has received $15 million from a foundation it will use to offer scholarships to students based, in part, on their financial need.

The A. James Clark Scholars Program in the College of Engineering “will support incoming students who exhibit strong academic potential, leadership skills and financial need,” Tech announced on its website Thursday.

The Clark Foundation gift is the largest endowment gift for scholarship support that the College of Engineering has ever received.

Ten students per year will be selected as Clark Scholars based on their financial need, academic accomplishments, engagement in engineering and leadership skills. Tech will work with its financial aid office to determine potential students.

The scholarship honors the legacy of the late A. James Clark, a noted engineer, businessman and philanthropist.

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