Mega-Gift Fiasco at Florida A&M Shows Nonprofits What Not to Do
The Chronicle of Philanthropy
JUNE 6, 2024
A questionable $240 million gift illustrates what can happen when nonprofit leaders ignore warning signs. By Maria Di Mento Glenn Beil-USA TODAY NETWORK Florida A&M University celebrates its spring 2024 commencement with guest speaker Gregory Gerami, whose $237 million donation of stock to the institution in May is now under scrutiny. A questionable $240 million gift illustrates what can happen when nonprofit leaders ignore warning signs.
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