You are correct...the money is going to charities for abused kids...same goes for the Bowl revenue share that amounts to $13 million that the Big Ten is taking from Penn State over the next 4 years.

As far as the $60 million dollars goes, I believe it actually has to come from revenues from revenue generating athletic programs, which at Penn State, as with most schools, would basically be from the football program. It can't come from unawarded scholarships either.