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."
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.
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.
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 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.
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 ...
Oklahoma State University names a new CFO after audit finds $41M in misallocations
Chris Kuwitzky has been named CFO and will be a key part of the team tasked with reviewing the university’s financial ...
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'I could not have anticipated that I would be serving under these circumstances': Board of Regents member Addresses OSU audit
In response to an open records request, Oklahoma State University released an audit report on March 5th that showed ...
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OSU Regents address $41M audit fallout, approve key spending measures
Oklahoma State University leaders are attempting to move forward after an audit revealed $41 million in state-appropriated ...
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 ...
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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 ...
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Regent Jennifer Callahan reveals audit origin, timeline of OSU complaints, concerns
The OSU Board of Regents held the first board meeting on March 7, 2025, after appointing an interim president and the release ...