Warren was also named Big Ten Offensive Player of the Week and AP Player of the Week for his performance against the Trojans.
Barker became the first Nittany Lion to hit four field goals in a game since Tyler Davis in 2016.
Mike Gambino's squad opens up conference play at home against Indiana on March 7-9.
After an employee's fifth year with the university, the program will award the individual a personalized Penn State-themed numeral and a customized yearbook.
The winning school will get $1 million to advance student and community health and Individual donors will also earn a one-month free subscription to BTN+.
The Polka Brothers and the Bavarian Stompers will headline the event as music performers.