Transformative financial donations don’t come along often in higher education. So when a donor promised a $237.75 million gift to Florida A&M University, school officials were understandably excited.

On May 4, when Florida A&M University announced it received a donation of stock valued at roughly $240 million from 30-year-old hemp entrepreneur Gregory Gerami, the news elicited excitement ...

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Florida A&M University announced a "transformative" donation earlier this month — but the school said it ceased contact with the donor after questions arose about the funds. (Jeffrey Greenberg | ...