Osu! Cuts Funding To Innovation Foundation

New OSU president says university is cutting off funding for the OSU Innovation Foundation
Oklahoma State University's new president says the school is cutting off funds for its Innovation Foundation, which is central to a scathing audit.
Oklahoma State University cuts funding to The Innovation Foundation after audit showed mismanagement
Oklahoma State University officials have decided to discontinue funding for The Innovation Foundation after an audit showed that the university mismanaged $41 million.
Oklahoma State University to shutter Innovation Foundation at center of state audit
After one month in office, Oklahoma State University Interim President Jim Hess announced a series of “organizational changes” following a state audit that found $41 million in misappropriated funds at OSU’s Innovation Foundation.
OSU cuts funding to Innovation Foundation in response to audit results
Oklahoma State University will cease funding for its Innovation Foundation after an audit revealed $41 million in misappropriated funds, with $11.5 million transferred without proper contracts. Organizational changes are also underway.
OSU discontinues funding of foundation whose audit led to Shrum resignation
In an email to faculty and staff, Interim President Jim Hess said funding has been "discontinued" for "The Innovation Foundation at OSU and the shared services and facilities positions within it. This decision was necessary as the financial structure of The Innovation Foundation is simply not sustainable."
OSU interim president addresses audit, discontinues funding for The Innovation Foundation
The Oklahoma State University Interim President addressed the recent audit that found issues in the management and allocation of state funds at OSU.
Oklahoma State University leaders pledge ‘transparency’ after scathing audit finds misappropriation
A sign for Oklahoma State University is pictured at the Stillwater campus Dec. 6. A day after a critical audit of Oklahoma State University was made public, the university refused to answer questions on if it had prompted the sudden February resignation of the university’s president.
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