Reuters: U.S.: NCAA names task force to oversee $60 million Penn State fine

Reuters: U.S. Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

NCAA names task force to oversee $60 million Penn State fine Sep 18th 2012, 19:07 Tue Sep 18, 2012 3:07pm EDT (Reuters) - A 10-member task force has been named to oversee distribution of the record $60 million fine Penn State will pay because of the Jerry Sandusky child sex scandal, the NCAA said on Tuesday. Funds from the fine will follow guidelines set up by the new Child Sexual Abuse Endowment Task Force, the National Collegiate Athletic Association said in a statement. The money will fund programs to combat child sexual abuse and help victims. The task force will set policy and hire an administrator who will choose which nonprofit groups get the money each year, said the NCAA, which governs U.S. college sports. The NCAA imposed sanctions on Pennsylvania State University over its handling of child sex abuse allegations against Sandusky, a former assistant football coach. He was convicted in June on 45 counts of child molestation. Sentencing is set for October 9. The NCAA punishment includes a four-year ban on postseason play and scholarship cuts. Penn State agreed to pay $12 million a year for five years to fund programs to combat child abuse. The NCAA task force includes United Way Worldwide Chief Executive Brian Gallagher, administrators from Penn State and other NCAA member schools, and a representative from the federal Department of Health and Human Services. (Reporting by Ian Simpson; Editing by Peter Cooney) Link this Share this Digg this Email Reprints

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions