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Ave Maria University (AMU) is a private Catholic university in Ave Maria, Florida.
In June 2010, the Commission on Colleges of the Southern Association of Colleges and Schools (SACS) declared that Ave Maria had obtained "accredited membership" status.
This allows the university to award bachelors, masters, and doctoral degrees accredited by the SACS.
Monaghan initiated the founding of the Florida institution Ave Maria University with a donation of 0 million.
While occupying the interim campus, Monahgan focused efforts on constructing a new campus and planned community nearby known as Ave Maria, Florida.
According to Towey, for a period of time the University survived through Monaghan's funding of a ten million dollar annual deficit.The Barron Collier family donated the land in southwest Florida for the campus, joining Monaghan in the enterprise as 50% partner.While the infrastructure of the new campus and town were being completed in early 2007, the Ypsilanti campus was also closing at the end of the 2006–2007 academic year.The 2008 financial crisis took a toll on Ave Maria's finances.Monaghan said in 2012 that Ave Maria's construction cost estimates doubled over three years, requiring the university to cut back on planned buildings.