A state performance audit released today recommends next steps in Ohio State’s ongoing work to reduce administrative costs.
The university volunteered for the performance audit as part of its commitment to operational excellence and resource stewardship, a pillar of Ohio State’s strategic plan. In work prior to the performance audit, Ohio State has used efficiency savings and innovative partnerships to fund more than $100 million in new need-based aid for Ohio students.
Ohio State's investment portfolio earned a +7.7 percent net return in fiscal 2018 and grew to a record $5.2 billion.
The market value of the Long-Term Investment Pool grew $958 million in fiscal 2018 while distributing $201.5 million to support student scholarships, faculty positions and other academic priorities.
Ohio State’s portfolio was worth $4.25 billion at the beginning of the fiscal year, ranking it as the 23rd largest college endowment in the country.
After a record-setting year for technology commercialization at Ohio State, fiscal 2019 has started with exciting news for another startup connected to university research.
A global biotechnology company announced today that it is buying Celenex and 10 associated gene-therapy programs for rare disorders for $100 million. Celenex is based on research by Ohio State professor Arthur Burghes and two colleagues at Nationwide Children’s hospital, Drs. Brian Kaspar and Kathrin Meyer.
Through Ohio State’s equity stake in the company, the university expects to net $1.4 million from the transaction. Amicus Therapeutics is the buyer.
Innovative funding Ohio State has extended our relationship with Coca-Cola for another 15 years through a pouring rights contract that supports student initiatives and strategic priorities.
The new pouring rights contract, which has a total projected value of $84.7 million, includes:
$2.25 million for student scholarships $1.88 million for student discovery projects and other educational initiatives Six student internships per year
Ohio State has a 20-year history with Cola-Cola. Through this renewed relationship, Coca-Cola will continue to offer a variety of beverages to the Columbus campus, drawing on its portfolio of more than 800 products, including 250...
Ohio State set a record high in licensing income from technology commercialization and expanded its startup porfolio new highs in fiscal 2018, demonstrating continuing momentum in the Corporate Engagement Office.
“The past year was a banner year for the development of Ohio State research,” said Michael Papadakis, interim senior vice president for Business and Finance and chief financial officer.
In coordination with the recent announcement of the travel initiative , the OSU Travel Office will be conducting a monthly drawing for an Airline Voucher (valued at $450) through the first year of the travel initiative .
This week, President Drake announced the fifth year of the Faculty and Staff Appreciation Buckeye Football Game. A large number of faculty and staff have an opportunity to be randomly selected to each receive four complimentary tickets to the Ohio State vs. Tulane University football game on Saturday, September 22.
Everyone is required to "opt-in" at https://hr.osu.edu/appreciationevent/ by July 31, 2018, at 11:59 p.m. for the opportunity to receive football tickets. Tickets will be distributed via a randomized selection process. For more information and details about the game and related activities, visit the FAQs...
The university is launching a new travel initiative that will have short- and long-term benefits, Executive Vice President Provost Bruce A. McPheron and Senior Vice President and CFO Michael Papadakis announced today.
Starting Aug. 1, individuals traveling on university business must book their flights and car rentals through Ohio State’s travel partners. People may continue to directly arrange local flights within countries where booking through outside travel agencies is impractical.
A new report places a multibillion-dollar figure on the economic value of Ohio’s public universities.
A study by the Inter-University Council of Ohio finds Ohio public universities added $42 billion in income to the Ohio economy. That’s about equal to 6.7 percent of the state’s total economy.
Transportation and Traffic Management (TTM) and Ohio State’s Travel Office are working to streamline university-related travel options for the campus community. These efforts support the operational excellence goals outlined in Ohio State’s strategic plan to support the university’s academic mission.
