FAMU Board of Trustees schedules special meeting following questions regarding $237 million donation


The Florida A&M University Board of Trustees has scheduled a special meeting following questions regarding a $237 million donation announced a commencement.

That special meeting scheduled is on the BOT website for May 15, 2024 at 3 p.m. The meeting will be held on Zoom. Wednesday, we reported the board was considering meeting May 15, 16 or 17.

Earlier in the week, Florida A&M University Board of Trustees Vice Chair, Deveron Gibbon, called for a meeting regarding the donation. ABC 27’s Channing Frampton interviewed Gibbons Tuesday. Watch that video above. Gibbons said he learned of the multi-million donation when it was first publicly announced at commencement on May 4, 2024.

WATCH THE MOMENT THE DONATION WAS ANNOUNCED BELOW:

Florida A&M University receives $237 million gift

In a statement issued Tuesday, Vice Chair Gibbons said,

A donation of this nature requires the highest degree of transparency and inquiry, and to this point that has not occurred. As Vice Chair of the Board of Trustees, I have a responsibility to safeguard the integrity of the university I cherish but I have deep concerns that this process is moving too quickly to embrace a gift without proper scrutiny.”

FAMU is confident in the validity of the money, saying all $237 million has been transferred to the FAMU Foundation in the form of stocks.

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