How THON money gets spent isn't crystal clear

The Four Diamonds charity — the beneficiary of THON's fundraising — has spent $239.4 million since fiscal year 2009.

The Four Diamonds charity — the beneficiary of THON's fundraising — has spent $239.4 million since fiscal year 2009.

View this email in your browser HELP KEEP PSU HONEST  PENN STATE ALERT    February 17, 2023 Spotlight PA provides alerts of its latest investigative and public-service reporting about Penn State University.  If you were forwarded this alert, you can subscribe here. THON MONEY Steven M. Falk / Philadelphia Inquirer While Penn State's THON promotes the benefits of its fundraising for children and their families, the charity it funds — Four Diamonds — uses the majority of the money to pay for research and Penn State endowments. Four Diamonds has spent $239.4 million since fiscal year 2009. Ahead of THON dancers standing all weekend, Spotlight PA sought to clarify the relationship between Four Diamonds and the university. Spotlight PA's Wyatt Massey analyzed Four Diamonds’ spending over the past 14 fiscal years, spoke with experts who study charitable finances, and sought information from Four Diamonds and THON about how they operate. Here’s what you need to know:   READ THE FULL STORY This vital accountability reporting can only continue with your support. Make a gift to Spotlight PA and help us keep powerful institutions like Penn State honest and transparent. As a special bonus, all monthly recurring gifts will be MATCHED 12X by the Lenfest Institute for Journalism. GIVE NOW Spotlight PA is an independent, non-partisan newsroom powered by The Philadelphia Inquirer in partnership with PennLive/The Patriot-News, TribLIVE/Pittsburgh Tribune-Review and WITF Public Media. Copyright © Spotlight PA / The Philadelphia Inquirer, All rights reserved. Spotlight PA 228 Walnut St., #11728 Harrisburg, PA 17108-1728 newsletters@spotlightpa.org This email was sent to: <<Email Address>> You're receiving this email because you subscribed to alerts about Spotlight PA's Penn State coverage. Receiving too many emails from Spotlight PA? To change your newsletter subscriptions and frequency, you can update your preferences. To stop receiving fundraising messages, you can update your preferences and select "Opt out of Fundraising." To stop receiving ALL EMAILS from Spotlight PA, including all of our investigations and newsletters, you can completely unsubscribe here.