Florida Agricultural and Mechanical University Foundation

Florida Agricultural and Mechanical University Foundation (FAMU Foundation) manages an endowment fund that is based in Tallahassee, Florida. Established in 1966, the foundation was established with the specific mandate to serve as a custodian of contributions from the private sector, alumni, friends, and industry. The foundation receives, invests, and administers funds. The earnings from endowment investments support scholarships, chairs, professorships, fellowships, basic research, as well as academic and public service programs. The endowment is managed by the board members.