Complex sentence: Pickens, who is on the board of the O.S.U. Cowboy Golf, waived any management fees for the OSU monies, however, and all profits of the fund go to growing the OSU gift.
Split into simpler sentences: Pickens, who is on the board of the O.S.U. Cowboy Golf, waived any management fees for the OSU monies. All profits of the fund go to growing the OSU gift.