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Search results for famu

Investigator says ‘fraudulent’ gift to Florida’s only public historically Black university is void
4 months, 2 weeks ago

Investigator says ‘fraudulent’ gift to Florida’s only public historically Black university is void

Associated Press  

A record multi-million dollar gift to Florida’s only public historically Black university has been void for months, an independent investigator said Thursday, as a third-party report determined school officials failed to vet a “fraudulent” contribution and that the donor’s self-valuation of his fledgling hemp company was “baseless.” Little-known entrepreneur Gregory Gerami’s donation of more than $237 million was “invalidated” ten …

Florida University Report Gerami Fraudulent Gift Batterson Farms Corp
Florida’s only public historically Black university names interim president
5 months ago

Florida’s only public historically Black university names interim president

Associated Press  

TALLAHASSEE, Fla. — Florida’s only public historically Black university has chosen an interim leader, after the school’s president announced this month that he intends to resign. As the next executive of Florida A&M University, Interim President Timothy Beard will be tasked with managing the backlash over the school’s apparent failure to sufficiently vet a multimillion dollar donation from a dubious …

Florida University State President Beard Famu Interim President
The president of Florida’s only public historically Black university resigns after donation debacle
5 months, 1 week ago

The president of Florida’s only public historically Black university resigns after donation debacle

Associated Press  

TALLAHASSEE, Fla. — The president of Florida’s only public historically Black university is resigning amid backlash over the school’s apparent failure to properly vet a multi-million dollar donation from a dubious donor. Larry Robinson submitted his resignation last week and will leave Florida A&M University at a time when state officials are scrutinizing programs at the school that they say …

Florida University State Robinson Famu Donation Debacle
Here’s what to know about a stalled $237M donation to Florida A&M
6 months, 1 week ago

Here’s what to know about a stalled $237M donation to Florida A&M

Associated Press  

NEW YORK — In early May, Florida A&M University announced a stunning $237 million gift from a 30-year-old donor who cast himself as Texas’ “youngest African American industrial hemp producer.” The donation, which would have been the largest-ever private gift to a historically Black college or university, was announced at commencement to great fanfare. University officials say they began meeting …

Florida University Texas Donation Company Million Hemp
Florida A&M, a dubious donor and $237M: The transformative HBCU gift that wasn’t what it seemed
6 months, 1 week ago

Florida A&M, a dubious donor and $237M: The transformative HBCU gift that wasn’t what it seemed

Associated Press  

NEW YORK — It would have been the largest-ever private gift to a historically Black college or university: $237 million — far beyond the recipient’s endowment. Kimberly Sue Abbott, a founding board member who told the AP that she was incorrectly listed as co-CEO, cast doubt on Gerami’s self-reported value of the shares and said Batterson Farms “is not farming …

University Gift Texas Donation Company According Million
A mega-gift for an HBCU college fell through. Here's what happened — and what's next
7 months ago

A mega-gift for an HBCU college fell through. Here's what happened — and what's next

NPR  

A mega-gift for an HBCU college fell through. As the school's foundation and board of trustees held public Zoom meetings to discuss the matter, more details about the donation emerged: While Gerami said the money was "in the bank," Friday-Stroud said the donation was made in the form of 15 million shares of stock in Batterson Farms, Gerami's privately held …

Board University Gift Texas Donation College Coastal
Frederick S. Humphries, former FAMU president, dies at 85
3 years, 5 months ago

Frederick S. Humphries, former FAMU president, dies at 85

Associated Press  

CHARLOTTE, N.C. — Former Florida A&M University president Frederick S. Humphries, whose 16 years of leadership at the school are often referred to as its “golden years,” has died, a statement from the university said. During his tenure, Humphries, who died Thursday at age 85, oversaw the revival of FAMU’s law school and doubled the university’s enrollment through scholarship programs …

Law University President Clark Program Humphries Famu