C.D. Spangler, the construction magnate and former president of the UNC system, has created a scholarship fund for African-American males in his hometown of Charlotte.
Under the new Anthony Foxx Scholars Program, all African-American men who graduate from West Charlotte High School will receive a $1,000 scholarship to go to college, according to this Charlotte Observer report.
Spangler hopes the scholarship program will help improve a serious dropout problem at that school, where more than half the African-American males quit before graduating.
Spangler's two daughters attended that high school.
The scholarship fund was named for Foxx, Charlotte's new mayor, who is a West Charlotte high graduate. But it isn't meant to honor Foxx as much as it is intended to point students towards a successful person to pattern, Spangler said.