Innovative Funding

Take a moment to learn how Ohio State's innovative funding strategies are supporting access, affordability and academic excellence.

Innovative Funding supports academic mission


Ohio State is committed to academic excellence, access and affordability. We support this mission through innovative funding like leasing the management of parking operations. Over the next 50 years this unique funding source is expected to provide $3.1 billion to academic initiatives such as hiring faculty, offering more student scholarships, and supporting the arts and humanities.


So far, the $483 million infusion into our endowment has generated more than $105 million in distributions for teaching, learning, research, transportation and sustainability:

  • $18.2 million for student scholarships – Annual distribution of $3.8 million
  • $43.8 million to recruit and hire tenured and tenure-track faculty – Annual distribution to support faculty salaries of $9.3 million
  • $32.8 million to support the Campus Area Bus Service and sustainability initiatives – Annual distribution approximately $7 million
  • $8.6 million to support the Arts District – Annual distribution approximately $2.3 million

Student Scholarship Funding

Eminence Fellows Program


Graduation cap icon 102

The university is providing 102 Eminence scholarships this year. Since 2012, there have been 132 Eminence Fellows.


The Eminence Fellows Program cultivates productive relationships between outstanding students and faculty. Students are matched with faculty mentors, and go on to great achievements in their majors like award-winning research on food security, diabetes, immunology, education policy, and more.


Top Talent

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Students selected are high school valedictorians, national merit scholars, community leaders, entrepreneurs, scholar athletes and represent the top of the incoming class at Ohio State.


Community Engagement

Each class of Eminence Fellows collectively chooses a social issue to address and works to develop and implement a creative response. The current sophomore class project, Best Food Forward, is focused on food security and is working to increase students’ access to nutritious food. The organization is developing a bulk food buying club and working on community outreach, all directed toward the ultimate goal of creating a student-run market on campus that provides locally sourced food at a discounted price.

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Eminence Fellows entering in:

2012 31

2013 27

2014 29

2015 18

2016 27

Total 132 students

Undergraduate Research Office


277

In the past year, 277 undergraduate students received scholarships for research and creative activities totaling more than $500,000. Students in all disciplines and majors are eligible, in Columbus and at Ohio State’s regional campuses.

182 students supported by new Research Scholar Awards ($1,000 each)

College of Arts and Sciences
126

Knowlton School of Architecture
3

Fisher College of Business
4

College of Engineering

20

 

College of Education and Human Ecology
10

College of Food, Agricultural, and Environmental Sciences
12

School of Health and Rehabilitation Sciences
1

 

College of Medicine
2

College of Pharmacy
1

College of Public Health
1

College of Social Work
2


95 students received grants to work full-time for 10 weeks on faculty-mentored projects as Undergraduate Summer Research Fellows

95 students supported by the Summer Research Fellowship program ($3,500 each)

College of Arts and Sciences
68

Knowlton School of Architecture
1

College of Engineering

13

College of Food, Agricultural, and Environmental Sciences
3

 

School of Health & Rehabilitation Sciences
1

College of Medicine
7

College of Pharmacy
1

College of Public Health
1

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The Undergraduate Research Office has funded 277 new Research Scholar Awards in the past year using earnings from the parking lease.

Arts District Funding

$6.4 million to support comprehensive remodel of Sullivant Hall

Home to Ohio State’s Department of Dance; Department of Arts Administration; Education and Policy; Advanced Computing Center for the Arts and Design; Lawrence and Isabel Barnett Center for Integrated Arts and Enterprise; and the Billy Ireland Cartoon Library and Museum. Another $4.5 million has been set aside to support upcoming Arts District projects.

Sullivant Hall Art