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 laid off 12 Innovation Foundation employees after an audit found $41M in misappropriated funds, including $11.5M wrongly ...

An internal audit of the OSU Innovation Foundation says the handling of $41 million in state appropriations did not conform ...

The audit report covers financial missteps from July 2022 through January 2025. It includes $11.5 million in unauthorized transfers to OSU's Innovation Foundation, which aims to enhance OSU's impact ...

The Innovation Foundation is a separate legal entity that manages research initiatives, technology commercialization, and business partnerships tied to OSU. Previously known as the Oklahoma State ...

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.

The report determined that $11.5 million of the $41 million in misappropriated funds were transferred to the Innovation Foundation, Inc. without a written contract approved by the OSU/A&M Board.

OKLAHOMA CITY — Twelve Innovation Foundation employees were laid off b State University in the latest fallout of an internal audit that found legislatively appropriated funds were improperly sent ...

The transfer of funds from OSUMA to OSU was approved by the Board of Regents with input from legal counsel. The research institutes and structure of the Innovation Foundation was presented to the ...

A longtime venture capitalist from Tulsa, Tracy Poole, has been nominated by Gov. Kevin Stitt to serve on the OSU/A&M Board ...