do penn state board of trustees get paid
I think they were all deemed to be permanent for the benefit and safety of the students.. Insurance Rates Raised. With gratitude, Otherwise, we will always be behind. Megan Swift is the editor-in-chief of The Daily Collegian. As Penn State's governing body, the Board of Trustees takes a holistic approach to guiding goals, policies, and procedures as well as reviewing and approving University budgets. Six years later, Penn States new administration appears to be easing those restrictions. I was the teaching assistant for COMM 409: News Media Ethics - one of the only undergraduate teaching assistants at Penn State. I hope you appreciated this article. Sign up for our regional newsletter, Talk of the Town. Going through the highlights of the Penn State and State College news so you don't have to. If it's left to you to come up with a "reasonable" fee, here are a couple of ways you might go about the task: After all, an executor's work is often very similar to that of a trustee. From giant corporations to predatory hedge funds, a small number of billionaire owners have a powerful hold on so much of the information that reaches the public about whats happening here. In January 2010, she was recruited to come to Penn State as the University's first general counsel, establish the Office of General Counsel and assist in recruiting a permanent general counsel. Email: bot@psu.edu, Hours: 8:00 a.m. to 5:00 p.m. EST In partnership with the president, the board seeks to advance the institution while acting in the best interests of the University community. To someone like myself, who works in the investment management field, considering other factors aside from pure financials is common and prudent. For example, in May 2022, the board paid $10,858.54 for Barron video and Fleet.. In July, the board voted to raise tuition by 5%-6% to help increase revenue. However, the document notes that hazing and other safety concerns, including sexual misconduct remain a concern and returning to full self-governance, especially for Greek groups connected to the Interfraternity Council, could undo positive changes gained from the 2017 changes. Now lets translate that into action and create a new Board of Trustees! Especially in tighter economic times, people should not be forced to choose between the essentials, and essential news. The University of Pennsylvania's board of trustees is led by a New York City investment banker, one of many . In recent years, these requests for taxpayer dollars have averaged over $500 million per year, over and above the "General Appropriation". Spotlight PAs free weekly newsletter and get our Then third, how do we define what the right thing is for Penn State? This is commonly referred to as ESG, or Environmental, Social, and Governance investing. From giant corporations to predatory hedge funds, a small number of billionaire owners have a powerful hold on so much of the information that reaches the public about whats happening here. Penn State Investment Council Resolutions (Action Item 6, 3 parts): Part 1:Amend bylaws to add Trustees to the Penn State Investment Council (PSIC), Part 2:Addition of language to state that the PSIC may take social and environmental considerations into account in the administration of the Universitys investments. We want a 7:1 ratio of alumni to students, so 24 trustees from these constituencies means alumni will elect 21 members seven a year for three-year terms and students will elect three one a year for three-year terms. That said, a large and rapidly increasing portion of that budget is the cost of debt servicelargely from the construction projects for new and renovated dormitories. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession. He was a member, former chair, and current board member of the Penn State Behrend Council of Fellows. Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement, Privacy Policy and Cookie Statement, and Your Privacy Choices and Rights (each updated 1/26/2023). ], This site requires JavaScript to run correctly. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. STATE COLLEGE Penn State is quietly planning to roll back its oversight of fraternities and sororities, policies the university championed in 2017 following the hazing death of a student. Penn State's Board of Trustees elected or appointed six incumbent trustees and five new members during its meeting Friday. They have some skin in the game, as it were, and their personal connection with the university can be affected by what happens to and at Penn State. SUMMARY OF THE BUDGET PLAN. Do Not Sell or Share My Personal Information, real work that comes with serving as a trustee, Do Not Sell or Share My Personal Information. Your engagement with the board is critical and necessary to supporting the success and advancement of the University. The press. Quentin E. Wood, Retired Chairman of the Board and Chief Executive Officer, This page was last edited on 4 February 2023, at 07:49. In 1999-00, Ohio State s average of $70,350 was 2.5 percent below the benchmark average of $72,130. The bulk of those expenses are for lodging, meals and break services, and other services, and that most of those are provided by university entities, Kleppinger said. None of us, today, can know where this will end up. This is something that is never discussed, especially when Penn State Trustees lament over lack of State funding for the University. 7 train, local . Share feedback on issues related to the Boards responsibility for governing and stewarding the University using an anonymous feedback form. (Philadelphia [Pa.]) 1857-1880, October 01, 1857, Image 3, brought to you by Penn State University Libraries; University Park, PA, and the National Digital Newspaper Program. The previous fiscal year, 2014-15, the trustee meetings cost nearly $406,000. The Daily is reporting that former Penn State head football coach Joe Paterno had close business ties with board members of The Second Mile, the charity founded by alleged child molester and former Nittany Lions assistant coach Jerry Sandusky. 2023Spotlight PA228 Walnut St., #11728Harrisburg, PA 17108-1728. The Penn State Board of Trustees passed a motion to fund a renovation to the Lasch Building during their virtual meeting on Friday afternoon. After a bit of a hiatus, Been There, Done That Podcast co-hosts Sarah Pellis and Lindsey Sauerhaft return for a new addition of the podcast. And because the living alumni to student ratio is about 7:1, that will be the ratio of the elected members from these constituencies. In that capacity, she became involved in the Jerry Sandusky scandal. Please reference the Terms of Use and the Supplemental Terms for specific information related to your state. In a statement, the university said it remains committed to the safety of all Penn State students and any changes in Greek life at Penn State would only be put into place after carefully considering how they would impact the well-being of our students., After publication, Penn State confirmed the proposed changes to Greek life oversight have not occurred. (Action Item 8), [Authorizes the Vice President of Finance to execute the LCB applications for various locations on campus. So there we have all our criteria. who are committed to accountability journalism that gets results. Outgoing Penn State President Eric Barron unanimously received a 2.5% raise from the university's Board of Trustees Friday afternoon. It is well past time that we at least equal the efforts of our Big10 peers and commit to raising funds first, and THEN stick shovels into the dirt.. Lodging was the second-highest category of spending for the board during the most recent cycle. This story was produced by the State College regional bureau of Spotlight PA, an independent, nonpartisan newsroom dedicated to investigative and public-service journalism for Pennsylvania. The structure of Penn State's Board of Trustees, while never a secret, has been discussed at length by so many people in the weeks, months and years after the events of November 2011, that. Before you move on, I was hoping you would consider taking the step of supporting Spotlight PAs journalism either one time, or with a monthly gift. The university also wants to engage Greek life and student media to discuss promoting the strengths and benefits of Greek life.. This leads us to the question of how many total Trustees should Penn State have? Last semester, the university recorded more than 30 violations of hazing, alcohol misuse, or sexual misconduct among IFC organizations. The Project Gutenberg eBook of Historic Jamaica, by Frank Cundall This eBook is for the use of anyone anywhere in the United States and most other parts of the world at no cost an Some trusts set out a flat or hourly fee for the trustee, but that's not too common. Penn States new president led a Kentucky university through crises. Edward B. If you think other inheritors or family members will resent you for taking a fee, and you'd rather avoid the strain on relationships, you might decide that a fee just isn't worth it. And if it is, you do it no matter the cost.. I encourage you to watch it in its entirety. The following year, Penn State created the Timothy J. Piazza Center for Fraternity and Sorority Research and Reform, which helped launch a scorecard system for fraternity and sorority chapters across the country. Penn State's Board of Trustees supported the 2017 changes, which included restrictions on socials, deferred recruitment from fall to spring semester, increased monitoring of Greek-letter organizations, and university oversight of misconduct adjudication. DuBois said trustees use university-owned fleet vehicles and WPSU produced the video celebrating former university President Eric Barron, who retired in May. And because as trustee, you're in control of those assets, that means you're in charge of paying yourself. Now join thousands of your friends and neighbors in supporting it. Anytime you incorporate non-financial restrictions, and limit options, you are going to be operating in a sub-optimal fiscal manner. Spotlight PA is different. President and Owner/Operator,M & J Management Corp. Chairman Emeritus, McNees Wallace and Nurick LLC(Vice Chair of theBoard of Trustees), Executive Vice President and Chief Corporate Affairs Officer, Highmark Health, CEO, Buffalo Bills, Buffalo Sabres, and JKLM Energy, LLC, Attorney and Founder, Law Offices of Alvin F. de Levie, Registered Investment Advisor and Securities Principal, Director, Air Quality Life Index (AQLI) and Air Quality Programs,Energy Policy Institute,University of Chicago. We have no billionaire owner or shareholders to consider. Error! *President, The Pennsylvania State University, Secretary, Department of Conservation and Natural Resources, Acting Secretary, Department of Education. University Park Airport Reopens After Evacuation for Suspicious Item Found in Luggage, State Pattys Day: Reflection of Indiscretions. Learn more about who members represent on the Elections page. University officials said they are exploring other ways to increase revenue, which typically comes from tuition and state appropriations. Trustees spent around $318,000 on expenses like food and lodging during meetings for its 38 board . The structure of Penn States Board of Trustees, while never a secret, has been discussed at length by so many people in the weeks, months and years after the events of November 2011, that I am usually able to recite its makeup without any reference material. Like other boards of trustees throughout the state, USC's trustees are not paid a salary. who are committed to accountability journalism that gets results. Copyright 2023 MH Sub I, LLC dba Nolo Self-help services may not be permitted in all states. Penn State University has not reimbursed Pa. State Police for security at Proud Boys event, Penn State paid state, local police almost $1.9 million for 2021 home football game security. But considering a more robust set of factors, including the consideration that TESLA might become a future market leader in a rapidly growing business, or that TESLAs leadership team had a strong track record of successful innovation a prudent investment manager might very well have made that investment. STATE COLLEGE (MCT) - Two candidates for Penn State board of trustees in the crowded field have dropped out of the race. historical city of Montgomery, Alabama. 4/30/21 4:05 am. Which results in our new World According To Hook Penn State Board of Trustees: Because the majority of the board will be held accountable by the alumni of the university, we can feel confident that they will do the right thing and continue the great 167-year legacy of Penn State for many years. Valerie L. Detwiler (2022) Senior Vice President, Senior Commercial Banker, Lynn A. Dietrich (2023) Retired Professional Engineer (PE). Set a rate that's appropriate given the kind of work you're doing, and then keep careful track, in writing, of how many hours you spend on trust business. Including a plethora of interpretations/viewpoints that would significantly restrict investment options in the Penn State Endowment for non-financial reasons. Thanks for reading Barry Fenchak For Penn State Trustee! exclusive reporting, plus the most important news and events from our DuBois said trustees use university-owned fleet vehicles and WPSU produced the video celebrating former university President Eric Barron, who retired in May. This article and all of our journalism are available to you at no cost thanks to our supporters. There is always one very straightforward financial consideration: a trustee's compensation is taxable income. The memo also states the policies put in place following Piazzas death were never intended to be permanent and were clearly presented at the time as necessary, yet temporary, actions. The university declined to provide Spotlight PA with examples of statements that showed the rules were not meant to be lasting. Coming off a $127 million deficit last year, Penn State is under a blanket strategic hiring freeze until at least the summer of 2023 to help balance its budget. For its July meeting at the universitys York campus, the board paid $17,800 on Reception/Dinner expenses. Penn State recorded 45 violations among IFC organizations during the spring 2017 semester. In three of the past four completed fiscal years, the boards annual spending was more than $300,000, the exception being the pandemic-affected 2020-21 fiscal year when the trustees spent $89,168, according to the finance reports. President Neeli Bendapudi also implemented a sweeping 3% budget cut. You do not seek power or popularity. Its management that is concerned with the day-to-day operation of Penn State. President Neeli Bendapudi also implemented a sweeping 3% budget cut. The law allows for fines ranging from $100 to $1,000, plus the cost of prosecution, for a first offense. that include details of the history of increases to Room and Board. But the point was that I felt I was engaged and making reasonably good choices. Well, the above functions are the result of management. Randolph B. Houston, Jr. (2023) Assistant General Counsel, Charles C. Brosius, Retired President, Marlboro Mushrooms, Walter J. Conti, Retired Owner, Cross Keys Inn/Pipersville Inn, Donald M. Cook, Jr., Retired President, SEMCOR, Incorporated, Marian U. Barash Coppersmith, Retired Chairman of the Board, The Barash Group. University Park, PA 16802, Phone: (814) 865-2521 For certain, those who advocate for ESG interpret that language as something very, very different. More perhaps than any man I know? Office of the Board of Trustees our region. Before you move on, I was hoping you would consider taking the step of supporting Spotlight PAs journalism either one time, or with a monthly gift. Now join thousands of your friends and neighbors in supporting it. Penn States Lion Ambassadors were accused of hazing. 9/17/21 4:10 pm. ], Proposed Annual Applications, Renewals and Other Filings Required by the Pennsylvania Liquor Control Board. trustee, the follpwlng (described real estate, situated In the county of Jackson and state ot Missouri, to wlt: All ot the south twenty-five (35) feet of lot three (3). A board of trustees is a group appointed to preside over a nonprofit, charitable foundation or business. Chairman Keith Masser sent an email to trustees around 8 p.m. Friday announcing that Karen P The board also paid $61,700 for Purchased University Services, though the reports offer limited details about those services. Coming off a $127 million deficit last year, Penn State is under a blanket strategic hiring freeze until at least the summer of 2023 to help balance its budget. Trustees appointed by the Governor serve until their successors have been appointed and confirmed. Furthermore, in Penn State University there were people in high place that know about Sandusky behavior and did nothing. . For the past six meetings, the trustees spent more than $75,000 total, or an average of roughly $12,500 per meeting. Our journalism is produced to serve the public interest not profit motives. Who the stakeholders are, who will do the right thing, and what is the right thing. Hello everyone, I am Taylar Tunstall, a second year biology major, chemistry minor from the. The university declined to say whether any of the changes outlined in the November memo violate that agreement. UCLA and USC bolted the Pac-12 for the Big Ten in the summer of 2022 and will begin competing in the richest conference in college athletics ($1.1 billion per year in TV deals) in 2024. Wyatt Massey of Spotlight PA State College, agreed to tighten some of its Greek life rules, recognizes more than 60 Greek-letter organizations, register State Pattys weekend social events, Unequal election policies disenfranchised Pennsylvania voters in 2022, by Kate Huangpu of Spotlight PA and Carter Walker of Votebeat, How anxiety came to dominate the big business of medical marijuana cards in Pennsylvania, Thousands of Pa. homeowners feel stuck in a high-stakes game of telephone with their homes, vital utilities on the line, What the public can and cant know about Four Diamonds, beneficiary of Penn State THONs fundraising, Grudges, tribalism, and infighting rife in Pennsylvania borough that hired the cop who killed Tamir Rice, by Min Xian of Spotlight PA State College, A complete guide and amendment tracker for proposed changes to Pennsylvanias Constitution, Penn State English teaching faculty say they arent paid a living wage, by Wyatt Massey of Spotlight PA State College. He had eight years left of that ten-year . STATE COLLEGE Penn States Board of Trustees spent nearly $318,000 on its past six in-person meetings, covering the travel, lodging, food, and other expenses of attendees, according to newly released records. The financial disclosures for the six meetings from September 2021 to July 2022 were among materials made available for the trustees Committee on Governance and Long-Range Planning meeting Sept. 22. As announced by The Pennsylvania State University Board of Trustees Wednesday night, Bradley will assume head coaching duties for the Penn State Football team for the . This story was produced by the State College regional bureau of Spotlight PA, an independent, nonpartisan newsroom dedicated to investigative and public-service journalism for Pennsylvania. Several of these action items have further details; you can read the published agenda and supporting materials that include details of the history of increases to Room and Board. Sign up for our regional newsletter, Talk of the Town. But I am not an advocate for the prices we have paid for many of those projects. Since the university is an instrumentality of the Commonwealth of Pennsylvania, providing the essential government function of higher education, and receives 4.2% of its total operating budget and 11.1% of its general funds budget from the states appropriation, we should allocate 10% of the board seats to members chosen by the state in whatever manner the state chooses. 2022 Board of Trustees election results announced | Penn State University Three incumbent trustees and five new members were elected or appointed to serve on the Penn State Board of Trustees today (May 6). Spotlight PA is funded by foundations and readers like you who are committed to accountability and public-service journalism that gets results. [This is to replace Deloitte, our previous accounting and auditing firm. The Penn State Board of Trustees is the 38-member[1] governing body for The Pennsylvania State University. I dont believe that is accurate. By participating in elections, attending meetings, and addressing the board, youre helping shape future decisions that can have a lasting impact on our students, faculty, staff, alumni, and community members. Brown, III (2022) President & CEO, KETCHConsulting, Inc. Alvin F. de Levie (2024) Attorney and Founder, Law Offices of Alvin F. de Levie, Barbara L. Doran (2022) CEO/CIO, BD8 Capital Partners, LLC. That leaves us with 5% that can be used by the board to identify any constituencies that it may from time to time feel need a voice at the trustee level. For fans of Harry Potter, in the prequel movie Fantastic Beasts: The Crimes of Grindelwald, Albus Dumbledore tells Newt Scamander the following: Do you know why I admire you, Newt? President, A.P. Eric Hagarty, Acting Secretary, Department of Education, Abraham Amors (2024) Director of Operations, PA Municipal League, Daniel J. Delligatti (2023) President and Owner/Operator, M&J Management Corporation, J. Alex Hartzler (2022) Managing Partner & Founder, WCI Partners, LP, David M. Kleppinger (2022) Chairman Emeritus, McNees Wallace and Nurick, LLC (, Stanley I. Rapp (2023) Partner, Greenlee Partners, LLC, Governor's Non-Voting Representative: William S. Shipley, III, Chairman, Shipley Group. In the World According to Hook, the easiest definition is those things that further the purpose of the university. The trustee's payment comes from the trust assets. Sign up for our regional newsletter, Talk of the Town. As a service to alumni and the public who were unable to access the live broadcast of the meeting, the following is an excerpt of the comments I prepared and the vote results for each agenda item. And it also enables us to share that work with more than 90 newsroom partners in your community and communities across the state at no charge. Because alumni and current students are the largest stakeholders, with the most to gain or lose from the universitys good or bad fortunes, lets have alumni and student-elected members comprise 80% of the board. If you're interested in submitting a Letter to the Editor, click here. [3], The main responsibilities of the board are to select the president of Penn State, to determine the goals and strategic direction of the University, and to approve the annual budget. block. I cannot support increases to student fees for housing and food service unless and until we rein in the costs of these capital projects which directly impact the cost of room and board charged to students. Robert E. Fenza (2024) Retired Chief Operating Officer, Walter C. Rakowich (2023) Retired Chief Executive Officer, Prologis, Mary Lee Schneider (2024) Former President and CEO, SG360, Kathleen L. Casey (2022) Senior Advisor, Patomak Global Partners, LLC; KLC Consulting Group, LLC. Specifically HBCU, so I can tell you that going to an HBCU is truly important especially if you . Sign up for The Penn State Board of Trustees is the 38-member [1] governing body for The Pennsylvania State University. One searches in vain for public praise of Penn's payment of the TCJA tax. Let us know what's going on! Julie Anna Potts (2024) President and CEO. Get weekend previews and weekend recaps from The Daily Collegian Sports staff sent to your inbox. fees paid from the Penn State endowment to outside investment advisors had averaged $10 . (Action Item 7), [Amendments to the operating guidelines of the Boards subcommittee on compensation. The 38-member board spent more than $155,500 on food and associated costs for the gatherings an average of nearly $26,000 for each two-day event. All rights reserved (About Us). Its members include the university's president, the Governor of the Commonwealth, and the state Secretaries of Agriculture, Conservation and Natural Resources, and Education, as well as a representative for the Governor. The median compensation for members of. We dont believe vital investigative and public-service journalism should be hidden behind a paywall or only for those who can afford a subscription fee. As Penn States governing body, the Board of Trustees takes a holistic approach to guiding goals, policies, and procedures as well as reviewing and approving University budgets. Back in the days when the ballots came in the mail, this selection process used to be a semi-enjoyable bit of reading and vetting that made me feel as if I played a very small part, but a part nonetheless, in the governance of a great university. That said, we have many highly-qualified and experienced elected, voting members of the Board capable of taking on such a role. STATE COLLEGE Penn States Board of Trustees spent nearly $318,000 on its past six in-person meetings, covering the travel, lodging, food, and other expenses of attendees, according to newly released records. By participating in elections, attending meetings, and. Penn students want voting rights on its board of trustees, like some other colleges. The younger programmers default to these statistics when determining which problems to fix. The university has raised $8 million for the project so far. Professors, administrators and staff are being hired, producing work, managing others, getting paid and retiring.