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Florida A&M president puts record, controversial $237 donation on hold

Texas hemp farmer Gregory Gerami, who transferred what was believed to be $237 million in stock to the university, shakes hands with FAMU President Larry Robinson before announcing the donation during a graduation ceremony.  The donation has since been suspended amid a flurry of headlines and scrutiny of Gerami's background.

Florida A&M University is putting a “pause” on the “transformational” and controversial $237 million gift that electrified the campus community before plunging the administration into a full-blown crisis of confidence.

At an emergency meeting of the FAMU Foundation Board of Trustees Thursday afternoon, President Larry Robinson announced that the university would not move forward until it had was able to determine the value of stock options given by Texas hemp farmer Gregory Gerami, CEO of Batterson Farms Corp and a university trustee. Isaac Batterson Family 7th Trust who provided the donation.

Robinson said he spent most of the day contacting board members to tell them about the university’s decision.

News Source : www.tallahassee.com
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