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‘Missteps were made' in handling of purported $237 million donation,xa0Florida A&M president says

·1 min

The president of a university in Florida has admitted to making mistakes in handling a $237 million stock gift from a Texas businessman. The donation was put on hold after concerns were raised about its actual value. The university’s president recommended ceasing engagement with the donor and announced a pause on the gift. Previous media reports had questioned the actual worth of the stock gift and raised doubts about the donor’s previous donations. This incident follows another donation deal that fell apart in 2020. The university official responsible for accepting the gift has since resigned but will continue in another role at the university.