Florida A&M University, the historically Black educational institution in Tallahassee, announced that it is committing $5 million to a new program to support scholarships for student retention and recruitment. The FAMU Foundation Board of Directors approved the initiative to help the university increase its graduation rate, enhance academic programs, and recruit top talent. Most of the funds will be earmarked for student scholarships, but $600,000 has been set aside for faculty support initiatives.
In announcing the program Larry Robinson, president of Florida A&M University, said that “this initiative represents a collaborative partnership that increases the possibilities for student success at the University by strengthening opportunities for talented students, and those who need financial support to complete their studies and receive their diplomas.”
Hosetta Coleman, vice chair of the FAMU Foundation Board of Directors, added that “we want to make sure all of our students – when they graduate – have the potential to become a CEO, and we want to support the top-notch talent that develops the scholars we are bringing in.”