The State Board of Regents Tuesday approved the new University of Georgia Foundation, which was formed by merging the UGA Foundation and the Arch Foundation.
UGA President Michael Adams told the regents he was grateful for the merger and the support both foundations provided.
The regents directed the university to sever ties with the UGA Foundation in 2005 after the group failed to submit an agreement outlining its relationship with the university. The rift between the university and the foundation began after Adams declined to extend athletic director Vince Dooley's contract. The Arch Foundation was then formed to raise money for the university.
The merger was announced last month.
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