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.
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 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.
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 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.
TIMELINE: What led to the OSU audit?
The recently released audit from the Office of Internal Audit at the Oklahoma Agricultural and Mechanical Colleges Board of Regents has revealed significant financial mismanagement of state-appropriated funds at Oklahoma State University.
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Kayse Shrum disputes OSU audit conclusions, says no laws broken or money missing
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Regent says employee tip led to internal OSU audit that showed alleged misspending
An OSU/A&M regent says an internal audit that apparently led to former President Kayse Shrum's resignation started with a ...
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Former OSU President Kayse Shrum Responds To Audit; Says Legal Counsel Was Followed
Former OSU President Kayse Shrum addresses audit findings, asserts no funds missing, and claims all actions followed legal ...
Regent Callahan says audit into OSU spending was prompted by employee complaints
The Oklahoma State University audit that revealed $41 million in misappropriated state funding was urged by confidential complaints from university employees, regent Jennifer Callahan said. The funds ...
In wake of scathing audit, Oklahoma State University hires a new chief financial officer
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Recent audit claims OSU mismanaged millions of taxpayer dollars
The report claims $41 million provided by the Oklahoma Legislature to the OSU Medical Authority (OSUMA) was not “properly ...