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longtime HBCU fundraiserAssociated Press News
•83% Informative
Gregory Gerami promised to donate $237 million to Florida A&M University .
Gerami , 30 , said he was Texas ’ “youngest African American industrial hemp producer’s.
FAMU said the gift is now on pause, dashing expectations of increased financial stability for the institution.
Spelman College publicized a $100 million gift in January .
FAMU and Gerami have said the transfer of the stock certificates between their respective accounts took place in April .
A spokesperson for Carta , the equity management company they say completed the exchange, would only confirm that Gerami 's contract was terminated over “misrepresentations” he'd made.
Gerami told AP that he “considered” as many as 15 colleges and universities in recent years as part of a strategy to establish research partnerships.
Historically Black land-grant universities in 16 states missed out on $12.6 billion over the past three decades , including $1.9 billion that should have gone to FAMU .
HBCUs have courted and gained newfound corporate interest in recent years .
For his part, Gerami believes the questions over his donation are unnecessary “whack-a-mole”.
VR Score
86
Informative language
86
Neutral language
35
Article tone
semi-formal
Language
English
Language complexity
59
Offensive language
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Hate speech
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Attention-grabbing headline
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Known propaganda techniques
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Time-value
short-lived
External references
14
Source diversity
3
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