Florida A&M receives record $237 million gift during commencement

Florida A&M University has received a $237.75 million gift from the Issac Batterson 7th Family Trust and Gregory Gerami, the founder and CEO of Batterson Farms Corp, a leading industrial hemp business.

The gift, the largest in Florida A&M’s 136-year history, was presented to FAMU President Larry Robinson at one of the university’s commencement ceremonies on May 4.

FAMU will add the money to its endowment to support various academic initiatives, student success programs and its athletics program. It will almost double the size of the university’s current endowment, bringing its value to nearly $400 million.

Read more from Forbes.


Most Popular