The study space is open to students Monday through Thursday from 5:30 p.m. to 9:30 p.m.
Kraut previously spent eight years at The Lawrenceville School in New Jersey where he served as medical director and senior administrator.
The event will take place from 5 p.m. to 8 p.m. on the 100, 200, and 300 blocks of South Allen Street.
Megabus recently announced that it is teaming up with Fullington Trailways to connect State College with 18 cities.
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Registration for the 5K begins at 8 a.m. on the day of the race.