Osu! Cuts Funding To 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.
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 regent stands by audit she sought that led to president's resignation
Jennifer Callahan, an Oklahoma City attorney with a background in nonprofit and corporate governance, said she did not like the way the Innovation Foundation operated.
What is The Innovation Foundation, and why are they at the center of an OSU audit?
The Innovation Foundation, Inc., formerly known as the Oklahoma State University Research Foundation, is at the center of a recently released audit detailing financial mismanagement at Oklahoma State University (OSU).
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