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JM Family Enterprises, Inc. creates four-year scholarship

JM Family Enterprises, Inc.

$1.2 million gift establishes the JM Family Enterprises African-American Youth Achiever Endowed Scholarship

College-bound African-American high school seniors from South Florida will be able to compete for full, four-year academic scholarships to Florida State University, thanks to a $1.2 million gift from JM Family Enterprises, Inc. that establishes the African-American Youth Achiever Endowed Scholarship.

The gift will allow FSU and JM Family to eventually offer up to four annual $12,000 scholarships to African-American students from Broward, Miami-Dade and Palm Beach counties, who demonstrate financial need and have been accepted into FSU as undergraduates.

Each scholarship will be awarded in the recipient’s freshman year and continue for the next three years. A new freshman will be selected annually, so that beginning in the fourth year of the scholarship, there will be four scholarship recipients on Florida State’s campus. Although the scholarship is for a maximum of four years for each recipient, it can be used to fund the recipient’s graduate education at FSU as long as a total of four years is not exceeded. The maximum amount of the award is $12,000 each year. To continue receiving funds for all four years, recipients must maintain a minimum of 12 credit hours per semester and have a 2.0 GPA or better.