School of Business and Industry
SBI, led by Dean Shawnta Friday-Stroud, was by far the biggest single source of fundraising leadership for FAMU in FYEs 2015 and 2016.
Universities are required by federal law to include pledges as part of their end-year fundraising total along with actual cash received. SBI alumnus John Thompson and his wife Sandra Thompson pledged $5M to FAMU in Fall 2014, so that counted toward the $5.8M fundraising total in 2014-2015. But the Thompsons are transferring the money to FAMU in installments of $1 million over five years.
FAMU counted last year’s $1M from Thompsons toward its 2015-2016 total.
Back in December 2015, Hershey Company Chairman Jim Nevels signed a commitment for his corporation to donate $1M to establish the Sybil C. Mobley Hershey Endowed Chair.
That brought the SBI fundraising total to $7M for FYEs 2015 and 2016.