Little to no information is known on the donor of FAMU’s biggest gift.
Florida A&M University (FAMU) has received a historic $237 million donation from the Isaac Batterson 7th Family Trust and its Chief Executive Officer, Gregory Gerami. However, Gerami’s vague background leads to questions on the gift’s legitimacy.
FAMU announced the monumental donation on May 4; the money will go toward student initiatives and athletic programs. According to FAMU Forward, the sizable $237.5 million promised to the university is almost double its endowment of $121 million.
Moreover, the school’s President Larry Robinson released a statement on the “breathtaking” gesture. The money will significantly aid in its operations, including scholarships and recruitment. “It changes the narrative about what is possible for FAMU,” Robinson said.
“This donation will have a far-reaching impact on our academic and athletics programs,” he added. “It will greatly enhance our ability to provide scholarships for students and also give us a boost in recruiting top students, and recruiting and retaining top faculty.”
However, concerns over Gerami’s background and access to such resources looms over the donation, which FAMU claims is already in its account. Gerami, the founder of the Batterson Farms Corp, a San Antonio, Texas-based farming and hemp plastic company, has no ties to the Florida HBCU himself.
“FAMU has become like a family to our Trust, our company, and to me. Our morals and our mission are in line with FAMU and FAMU’s mission,” shared Gerami. “It’s also about making sure that we set FAMU on the path to being the top HBCU in this country.”
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Source: Black Enterprise
