Major initiatives

New Resource Generation

  • Comprehensive Energy Management Project - The 2017 partnership is providing $1.165 billion for the university, launching an unprecedented sustainability program to improve energy efficiency 25 percent within 10 years; and establishing Ohio State as an international leader in sustainability. (Learn more) (link is external)
  • Nike contract extension - Ohio State’s 2016 athletic and academic agreement has a total value of more than $252 million, with more than $41 million devoted to support non-athletic initiatives. The contract funded a $10 million endowment that supports the University Institute for Teaching and Learning and includes support for student scholarships, 90 internships over the life of the contract and other student benefits. (Learn more) (link is external)
  • Parking lease - The 2012 lease of the university's parking system generated $483 million that Ohio State has devoted to endowments supporting student scholarships, faculty positions, the Arts District and a sustainable campus transportation system. (Learn more) (link is external)
  • Affinity agreements: The university's relationships with Nationwide Insurance (2014), Huntington (2012) and J. America (2012) have generated more than $139 million in support for the university, as well as internship opportunities for students and other benefits.

New resource generation at The Ohio State University

Highlights

Ohio State has generated more than $2 billion in recent years to our academic mission through innovative funding approaches.

These funds are supporting student scholarships, faculty positions, teaching excellence and other key priorities.

Operational Excellence at The Ohio State University

Highlights

More than 15,000 Ohio State students are receiving President's Affordability Grants each year with funding from administrative efficiencies.

Operational excellence

  • Operational efficiencies - In the past three years, the university has funded $60 million in President's Affordability Grants through efficiencies in our administrative offices. Another $25 million will be devoted in fiscal 2019. These grants provide financial aid to low- and moderate-income Ohioans at our Columbus and regional campuses. 
  • Strategic procurement - Since fiscal 2012, Ohio State’s strategic procurement program has produced cumulative savings of $262 million by utilizing the university’s buying power to drive both savings and quality enhancements. In fiscal 2017 alone, the university saved $58.1 million through strategic procurement compared with contracted rates five years earlier. Our strategy has been to increase usage of university contracts, consolidate to master vendors in each category and negotiate best-in-class pricing. In addition, our contracts emphasize increased service levels and academic benefits such as student internships or research opportunities. (Purchasing website)

  • OE@OSU - Our dedicated efficiency experts identify opportunities where the university can save money, add more value or otherwise improve how we do our work. The OE@OSU program is actively training leaders throughout the university in operational excellence techniques, so the university's efficiency team now includes 445 individuals who have been trained or are undergoing training. OE@OSU projects saved or avoided $39.4 million and eliminated more than 94,000 hours of non-value added work in the four years through FY17. (Read more)

Other innovation and resource stewardship

  • Digital Flagship University: Through a collaboration with Apple, Ohio State has created a comprehensive, university-wide digital learning initiative that will support educational innovation for students and economic development opportunities for the community. The Digital Flagship initiative will develop custom apps for Ohio State, provide incoming students with a iPad Pro learning technology suite, create an iOS design laboratory on the Columbus campus and expand opportunities in coding. (Read more)

  • Shelf-like registration process: Ohio State established an innovative strategy for issuing municipal bonds that has provided the university with enhanced flexibility over the timing and structure of bond issues. In 2017, this stategy was named Bond Buyer’s Midwest Deal of the Year and in 2017, it allowed the university to save money by moving quickly to issue general receipts bonds

  • Century Bonds: In 2011, Ohio State became the first public university to issue "Century Bonds" - financial that locks in low interest rates for 100 years. The university's $500 million bond issue provides a stable source of capital funding. (Read story

Financial Innovation at The Ohio State University

Highlights

The Digital Flagship University is integrating learning technology throughout the student experience at Ohio State.

Our innovative strategies provide Ohio State will access to low-cost funding for capital projects.