FAMU Sets $25.7M Annual Fundraising Record

August 07, 2023
Placeholder image
FAMU Sets $25.7M Annual Fundraising Record

Florida A&M University (FAMU) received nearly $25.7 million in donations during the 2022-2023 fundraising campaign, which ended June 30.

President Larry Robinson, Ph.D., said the record-breaking campaign is an indication of how much stakeholders are invested in the success of the University. 

“I am overjoyed by the generosity of our corporate partners, alumni and other supporters who understand the need to financially support FAMU. Giving is fundamental to bolstering our student success initiatives, and advancing our mission,” Robinson said. “FAMU is on the rise to take our place among the Top 100 public universities and achieve Carnegie R-1 status. We are excited about what the future holds.” 

The 2022-2023 fiscal year marks three consecutive record-breaking years. An analysis of the data shows that the University received $13.5 million from corporations, which is approximately $500,000 more than last year, and from mostly different corporate donors than the previous year, said Shawnta Friday-Stroud, Ph.D., vice president for University Advancement and executive director of the FAMU Foundation, Inc.

“I thank the best University Advancement (UA) team, faculty, administrators, and FAMUly for helping us to have another record-breaking fundraising year,” Friday-Stroud said. The fundraising total for June 30, was $25,746,316.33, which exceeded President Robinson’s $15 million fundraising goal and last year’s $24.6 million fundraising total. “I cannot thank everyone enough for working collaboratively with us to take FAMU to higher heights,” she added.

Although alumni giving of $2.8. million was down $1.1 million from 2021-2022 and friends’ giving of $648,000 was down $1.8 million, “thankfully, our faculty and UA team were able to double fundraising from foundations and organizations to $7.7 million as compared to the previous year’s $3.7 million,” Friday-Stroud explained.