Vance is best known for starring as Johnnie Cochran in FX's The People vs. OJ Simpson: American Crime Story. He will next be seen in upcoming HBO series Lovecraft Country and Netflix film Uncorked.
"The SAG-AFTRA Foundation is a vital organization and it is a privilege to shine a light on it in my new role as president. My parents raised us to be helpers and just as there are no small roles, there are no small jobs. This is an opportunity to help people and educate artists who are the backbone of our industry," Vance said in a statement.
"JoBeth set a high bar and I look forward to building upon her legacy with our new Entertainment Industry Council and our Actor's Council. Together, we will raise increased funding for our assistance and our scholarship funds, and continue creating more robust, free programs for our artists. I can't wait to get started," he continued.
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The SAG-AFTRA Foundation provides free resources to its members including free audition preparation classes, access to voiceover studios and panels on the business side of acting.
The Screen Actors Guild - American Federation of Television and Radio Artists functions as a union for actors.
BH90210 star Gabrielle Carteris was re-elected in August to another two-year term as president of SAG-AFTRA.
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