Spelman College in Atlanta has announced a $10 million gift from Seth and Beth Klarman in support of student scholarships.

The gift will be used to help Spelman students overcome financial obstacles that may prevent them from graduating. Longtime supporters of the school, the Klarmans have committed more than $16 million since 2015 for student financial aid and scholarships across a range of academic disciplines.

"Spelman is an extraordinary educational institution. We hope our support ensures that exceptional young women have the opportunity to attend and graduate from Spelman and go on to have rewarding and fulfilling careers," said the Klarmans, who signed the Giving Pledge in 2013, in a statement. "Spelman students become leaders in their chosen fields, and as activists and participants in the work for social justice they are strong voices for positive change in America."

"What is striking about Seth and Beth's generosity is that their commitment to Spelman has been built over a long period of time," said Spelman president Mary Schmidt Campbell. "They have taken the time and care to know the college well. They've visited classes and engaged with students and faculty members to understand Spelman’s goals. They've reviewed statistics on financial aid versus financial need. Data driven, they ask tough questions that enable us to develop useful analyses of the financial aid support students require for degree completion and success that, ultimately, strengthen us as an institution."