FAMU receives largest single personal HBCU donation of $237M from the Issac Batterson 7th family Trust and CEO Gregory Gerami

Last Updated on May 11, 2024 11:21 AM CDT

Gregory Gerami, CEO of Batterson Farms Corp, and the Issac Batterson 7th Family Trust donated a staggering $237.75 million to Florida A&M University (FAMU), making it one of the largest single personal donations to a Historically Black College and University (HBCU). This generous gift, nearly double FAMU’s endowment value, is earmarked for student success initiatives and athletics, marking a pivotal moment for the university.

Gerami’s commitment to sustainable agriculture and his alignment with FAMU’s mission and research capabilities, especially in hemp production, motivated this significant donation. His vision for the future of farming and community welfare is reflected in his company’s endeavors, focusing on cultivating industrial hemp for various applications.

The impact of this gift is monumental, with plans to enhance scholarships, faculty recruitment, and student support services. Notably, programs like the Center for Disability Access & Resources (CeDAR) and athletics will experience transformative changes, elevating opportunities and resources for students and athletes alike.

FAMU President Larry Robinson expressed deep gratitude, emphasizing how this donation will shape the university’s legacy and bolster its mission for generations to come. Shawnta Friday-Stroud, vice president for University Advancement, echoed these sentiments, highlighting the profound and lasting impact of Gerami’s generosity on FAMU’s tradition of excellence.

This historic donation reflects a shared vision of excellence, sustainability, and community impact, setting FAMU on a path to continued growth and distinction as a top HBCU in the nation.

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