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 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."
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).
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.
Shrum's departure coincided with OSU audit of Innovation Foundation
An internal audit of the OSU Innovation Foundation says the handling of $41 million in state appropriations did not conform with state law and university and state regents' policy.
In wake of scathing audit, Oklahoma State University hires a new chief financial officer
Oklahoma State University has hired Chris Kuwitzky as new chief financial and administrative officer for the OSU system.
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 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.
Regent says employee tip led to internal OSU audit that showed alleged misspending
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Kayse Shrum disputes OSU audit conclusions, says no laws broken or money missing
She resigned as Oklahoma State University president amid an investigation into the alleged mishandling of $41 million in ...
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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 ...
Internal audit finds 'significant issues' in how OSU spent appropriated money
An internal audit at Oklahoma State University found "significant issues" with how certain legislatively appropriated money ...
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'Violated state laws': Audit reveals financial mismanagement at Oklahoma State University
Former OSU President Kayse Shrum unexpectedly stepped down from her post ... This includes $11.5 million in unauthorized ...