CNN —Florida A&M University is putting a purported $237.75 million donation “on pause,” after media reports and college board leaders raised concerns about the actual value of the stock gift—and the details surrounding the donor’s previous donations.
South Carolina’s Coastal Carolina University had announced a $95 million donation from an anonymous donor, who then backed out months later.
At an emergency board meeting on Thursday, FAMU board of trustee and foundation members expressed their concerns and frustration about the school’s vetting process involving Gerami’s donation.
He referred questions to the university and agreed to answer CNN’s questions on the following day, but he couldn’t be reached.
FAMU’s Special Board of Trustees, which oversees the full school and the foundation, has scheduled a meeting for May 15 to discuss the donation.
Persons:
”, Larry Robinson, It’s, Gregory Gerami, Robinson, Gerami, Deveron Gibbons, ” Gibbons, “, Gibbons, Kristin Harper, ” Harper, FAMU, Stroud, Terry Arnold
Organizations:
CNN, Florida, M University, Batterson Farms Corp, Politico, Carolina’s Coastal Carolina University, Myrtle Beach Sun News, FAMU Foundation, university’s, Trustees, Foundation Board, University Advancement Shawnta, FAMU
Locations:
Texas, Carolina’s, Florida