A review released by Ohio State University on Thursday identified $336,000 in donations and pledges that the university received from Jeffrey Epstein and his foundation
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COLUMBUS, Ohio —
A review released by Ohio State University on Thursday identified $336,000 in donations and pledges that the university received from Jeffrey Epstein and his foundation, a sum the school said it was donating immediately to fight human trafficking.
All the donations went to the Wexner Center for the Arts, a campus museum bearing the family name of billionaire L Brands Leslie Wexner, who employed Epstein as his personal money manager in the late 1980s. An earlier review had found no evidence that Epstein influenced the fiscal operations of Wexner’s multi-million-dollar charitable foundation during their association.
Both reviews were ordered after Epstein’s arrest last year on federal sex trafficking charges. The wealthy financier was convicted as a sex offender and died in prison.
EY, the national accounting firm formerly known as Ernst & Young, examined Ohio State fundraising documents dating back to before 1980, real estate transactions, and treasury and investment records. Its examiners were given access to historical documents maintained by the Wexner Center and the university’s Office of Advancement, as well as to university archives, the school said in a statement.
The review found the arts center received $260,000 from the J. Epstein Foundation from 1990 to 1997. One additional document put the value of his gifts at $335,000, but accountants could not confirm the additional $75,000 pledge was ever received.
The university said it opted to include the $75,000 in the total that it has donated to the Ohio Attorney General’s Human Trafficking Initiative. The total also included a $1,000 membership fund gift to the arts center that was originally identified and disclosed in July.
The university’s statement said it has identified discretionary funds it can use to make the donation and would not use restricted donor funds, tuition or tax dollars.
All the donations were made “at least two decades ago and many years before any questions about Epstein surfaced. However, the university has determined that, in light of Epstein’s reprehensible crimes, retaining these gifts would not be consistent with the university’s values,” the statement said.
Another gift potentially tied to Epstein that the university had disclosed in July turned out not to be.
The review found the 2007 gift of $2.5 million from the COUQ Foundation, Inc., for which Epstein was a director and officer, originated from the Wexner Children’s Trust and the Leslie H. Wexner Charitable Fund and not from Jeffrey Epstein. The gift supported a renovation of the university’s Woody Hayes Athletic Center.
Wexner, who stepped down as L Brands chairman and CEO after the sale of its flagship store Victoria’s Secret in February, has said Epstein misappropriated “vast sums of money” from the Wexner family.
The review found no evidence Ohio State had engaged in real estate, investments or purchasing transactions with Epstein or his known affiliated entities.
Wexner says he severed ties with Epstein 12 years ago. Both he and his wife, Abigail, have served as members of Ohio State’s board of trustees.