Centre County District Attorney Stacy Parks Miller and officials from the Pennsylvania District Attorneys Association will make an announcement at 9 a.m. today about an endowment related to the National Collegiate Athletic Association's sanctions placed upon Penn State, according to a press release.
The endowment will go toward assisting the survivors of child sex abuse, according to the press release. No additional information regarding what the endowment announcement will be was available before press time Tuesday.
The endowment came as a result of one of the sanctions levied against the university from the NCAA.
The fine on the university totals $60 million. Penn State will pay $12 million per year for five years "into a special endowment created to fund programs for the detection, prevention and treatment of child abuse," Penn State President Rodney Erickson said in a statement on July 23.
The NCAA imposed a number of penalties on Penn State in addition to the $60 million fine.
NCAA President, Mark Emmert delivered the punishments during a press conference on June 23.
The penalties include a four-year bowl and post-season ban, a reduction of scholarships from 25 to 15 and vacating all wins from 1998 to 2011.
Nine football players have transferred from Penn State to other universities since the sanctions were levied.
The sanctions were a response to the findings of Former Director of the FBI, Louis Freeh's investigative report.
The Penn State Board of Trustees hired Freeh's investigators in November to look into the university's policies and handling of reporting incidents of child sexual abuse involving former assistant coach Jerry Sandusky.
The report found that the university failed to appropriately report the incidents.
Sandusky was convicted of 45 of 48 counts of child sex abuse.
Freeh's report was released on July 12.
The press conference today will be held in room 242 of the State College Municipal Building on South Allen Street.
