do penn state board of trustees get paid do penn state board of trustees get paid

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. As of 2022, the chair of the board of trustees is Matthew W. Schuyler, a graduate of Penn State and chief brand officer at Hilton. Copywriters are not paid to write. So, do we want to do this?, Vote - Yea: 29 Nay: 3 (Cairns, Detwiler, Fenchak) Abstain: 1 (Mumin). Trustees spent around $318,000 on expenses like food and lodging during meetings for its 38 board . Its management that is concerned with the day-to-day operation of Penn State. The pledge cost Penn relatively little; the market value of its endowment increased by 38 percent, or $5.6 billion, in the following year. Well, the above functions are the result of management. M. Abraham Harpster (2022) Co-Owner, Evergreen Farms, Inc. Chris R. Hoffman (2024) Vice President, Pennsylvania Farm Bureau, Mark H. Dambly (2023) President, Pennrose Properties, LLC. During the Sept. 22 governance committee meeting, David Kleppinger, a governor-appointed trustee, said the board supports university-operated services. . February 28, 2023. Dan Greenstein, the new State System chancellor, who began working. Its a situation that describes how I feel about the Penn State Board of Trustees. You simply ask, is a thing right, in itself? Nolan is soiling them tor 12.60. helping shape future decisions that can have a lasting impact on our students, faculty, staff, alumni, and community members. Rudy Glocker, a Nittany Lion letterman on the ballot in the race, said Specifically HBCU, so I can tell you that going to an HBCU is truly important especially if you . Who the stakeholders are, who will do the right thing, and what is the right thing. Board of Trustees | Penn State University. region. Out of 710,381 eligible voters, 22,297 ballots were cast 105 of which were mail-in. [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. Then third, how do we define what the right thing is for Penn State? To do that I need to ask three questions: Who are the stakeholders of Penn State University? Steve A. Garban, Senior Vice President for Finance and Operations/Treasurer Emeritus. Share your thoughts with the board at an upcoming meeting. For its July meeting at the universitys York campus, the board paid $17,800 on Reception/Dinner expenses. Share feedback on issues related to the Boards responsibility for governing and stewarding the University using an anonymous feedback form. Let us know what's going on! 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). The Penn State Board of Trustees met Friday, February 17th 2023 at the Penn Stater to vote on eight agenda action items. Enter the email address you signed up with and we'll email you a reset link. University Park Airport Reopens After Evacuation for Suspicious Item Found in Luggage, State Pattys Day: Reflection of Indiscretions. And how do we define what the right thing is? The university also wants to engage Greek life and student media to discuss promoting the strengths and benefits of Greek life.. Proposed Authorization to Engage External Auditors (Action Item 1). Youve been reading our work. If you purchase a product or register for an account through one of the links on our site, we may receive compensation. Donate to the Collegian by clicking the button below. Alice W. Pope (2023) Retired Associate Professor, Department of Psychology, Brandon D. Short (2024) Executive Director and Portfolio Manager, PGIM Real Estate. Andrew Solender / Axios: Biden says he will sign resolution blocking D.C. crime law President Biden said Thursday he would sign a GOP-led resolution to block changes to Washington, D.C.'s local criminal code that reduce maximum penalties for some violent crimes. SUMMARY OF THE BUDGET PLAN. As a special bonus, all new monthly gifts made today will be matched as 12X their value thanks to the generosity of the Lenfest Institute for Journalism. University Park, PA 16802, Phone: (814) 865-2521 For example, in May 2022, the board paid $10,858.54 for "Barron video" and "Fleet." 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 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. Sign up for our regional newsletter, Talk of the Town. Though he was armed with a few sub-contract orders from the Tamil Nadu Electricity Board, he failed to obtain a business loan from any banks. The non-trustee members of all other bodies, boards of advisors and other boards and formed by the Trustees, with the exception of the Investment Board and the Penn Medicine Board and Penn Medicine Executive Committee, shall be nominated by the Chair of the Trustees and the President and elected by the Trustees for terms of three years unless . Part 3: The proposal to appoint Randall E. Black, Barbara L. Doran, and Brandon D. Short, non-University employees, to membership (of the PSIC) with terms expiring in 2024, 2025 and 2026. A committee of the Board of Trustees, including many of its most influential leaders, has also come under scrutiny for regularly holding private meetings that potentially violate Pennsylvanias transparency law. The University's Official News Source. More Local News to Love Start today for 50% off Expires 3/6/23, creation of a new vice president position, regularly holding private meetings that potentially violate Pennsylvanias transparency law. Tho Underwriters Association of the middle department, comprising Penn sylvania, Maryland, Delaware, New Jersey, West Virginia nnd tho District of Columbia, has notified the agents of Reynoldsvillo of tho advnneo In fire in surance rates, which took effect March 1, 1902. And because the living alumni to student ratio is about 7:1, that will be the ratio of the elected members from these constituencies. Your support enables us to continue to produce tough, unique reporting you wont find anywhere else. Megan Swift is the editor-in-chief of The Daily Collegian. our exclusive reporting, plus the most important news and events from 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. 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. I think this is a great starting point in our quest for people who will do the right thing for Penn State. 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). 843 Words4 Pages. (Action Item 7), [Amendments to the operating guidelines of the Boards subcommittee on compensation. In that capacity, she became involved in the Jerry Sandusky scandal. Sign up for But I know we can be and have been in the past. For its July meeting at the universitys York campus, the board paid $17,800 on Reception/Dinner expenses. 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. Hazleton, Pennsylvania native Jim Bognet has been connected to Penn State his entire life. Indiana University of Pennsylvania President Michael Driscoll was the top earner among the State System schools at $438,000. Penn State distances itself from past diversity proposals while launching similar efforts, Penn State trustees heard universitys diversity plan in secret 2021 gathering. Bognet graduated in 1997 and went on to a career in business and politics, as he ran for a seat in Congress this past fall. In 1998-99, Ohio State s average faculty salary was $66,890, which was 1.9 percent below the benchmark average of $68,170. All rights reserved (About Us). Penn State's Board of Trustees elected or appointed six incumbent trustees and five new members during its meeting Friday. 2023Spotlight PA228 Walnut St., #11728Harrisburg, PA 17108-1728. A Penn State trustee who led the board after the Jerry Sandusky scandal will be stepping down next week. Students are applying, getting accepted, being housed and fed, attending classes, participating in extracurricular activities and getting degrees. Two members selected by the faculty and staff. As a special bonus, all new monthly gifts made today will be matched as 12X their value thanks to the generosity of the Lenfest Institute for Journalism. Story by Wyatt Massey of Spotlight PA State College. The trustees, on the other hand, are the governance that sets the strategies and policies of Penn State. The Penn State Board of Trustees is the 38-member[1] governing body for The Pennsylvania State University. The selection of an accounting and audit firm for Penn State. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. I encourage you to watch it in its entirety. Trustees appointed by the Governor serve until their successors have been appointed and confirmed. How to calculate a reasonable fee is one questionwhether or not you should accept it is a wholly separate issue. Board of Trustees Developing great leaders is something we take pride in and is a major component of our curriculum. That said, we have many highly-qualified and experienced elected, voting members of the Board capable of taking on such a role. Adding the sentence citing social and environmental considerations to the existing language of The Universitys funds will be invested to achieve maximum return with an acceptable degree of risk may seem like a clear phrase, but it is not. Edward P. Junker, III, Retired Vice Chairman, Robert D. Metzgar, Former President, North Penn Pipe & Supply, Incorporated, L. J. Rowell, Jr., Retired Chairman and Chief Executive Officer, Provident Mutual Life Insurance, Kevin R. Steele, Past President, Penn State Alumni Association, Cecile M. Springer, President, Springer Associates, Paul V. Suhey, Orthopedic Surgeon, Martin & Suhey Orthopedics, Boyd E. Wolff, Retired, Owner and Operator Wolfden Farms. 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. 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. Sign up for Trustees are not paid and the university reimburses their travel expenses, though some board members forgo that reimbursement, DuBois said. 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. To balance the budget by 2025, the university is attempting to save an estimated $250 million and, in the last few weeks, it has both raised tuition and . Under state law, fees are usually calculated either as a percentage of the total value of trust assets or a percentage of the transactions you make (the money that goes in and out of the trust). The Penn State Board of Trustees passed a motion to fund a renovation to the Lasch Building during their virtual meeting on Friday afternoon. In July, the board voted to raise tuition by 5%-6% to help increase revenue. It could get very expensive with regard to damaging the endowments investment performance - and all the fallout that entails. 2023Spotlight PA228 Walnut St., #11728Harrisburg, PA 17108-1728. Penn States recent spending comes during a university-wide effort to tighten its belt and a recent tuition hike. The trustees are unique in that they have two distinct advantages. For certain, those who advocate for ESG interpret that language as something very, very different. You have permission to edit this article. The expense reports show the trustees paid the Penn Stater more than $100,400 for Meals and Break Services during meetings there. The fine increases to $500 to $2,000 for subsequent offenses. Your use of this website constitutes acceptance of the Terms of Use, Supplemental Terms, Privacy Policy and Cookie Policy. The struggle continued for three long years and finally in 2012 a newly established IOB bank close to his business unit lent him INR 24,000 which he successfully repaid. The university has raised $8 million for the project so far. Also, the Philadelphia mayor and school board effusively praised the "historic gift" of the university. Lodging was the second-highest category of spending for the board during the most recent cycle. foundations and readers like you The board has made some, and continues to explore, changes to reduce costs, including remote off-cycle committee meetings, remote attendance for trustees, moving the full board meeting to the Eric J. Barron Innovation Hub Building, limiting the number of administrators and staff who are working at meetings and changing streaming services from WPSU to Microsoft Teams managed by Penn State IT, DuBois said. Insurance Rates Raised. And I will admit, although Im not proud of it, there was a certain amount of name-recognition ultimately involved in many of my votes. The memo says that university officials who enforce the 2017 rules will focus on coaching Greek leaders. Having spent decades in nonprofit management, if the members of the governing board are engaged and motivated, the number is not a critical issue. Last semester, the university recorded more than 30 violations of hazing, alcohol misuse, or sexual misconduct among IFC organizations. Which is great, and tremendously improves the response time in dealing with software coding issues, but doesnt at all catch fundamental user unhappiness with a correctly functioning but useless interface. A little over a week ago, my annual email from the Penn State Board of Trustees appeared in my inbox, requesting that I cast my ballot for alumni-elected members to the board. Lodging was the second-highest category of spending for the board during the most recent cycle. 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 because as trustee, you're in control of those assets, that means you're in charge of paying yourself. You do not seek power or popularity. The board's Subcommittee on Compensation said his salary got bumped . 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? 4/30/21 4:05 am. Among the planned upgrades are the . Penn State currently recognizes more than 60 Greek-letter organizations, grouped under four governing councils, and lists eight suspended fraternities on its website. Wyatt DuBois, a spokesperson for Penn State, said in an emailed statement that costs for trustee meetings vary depending on location, attendance, and the agenda. Previously, independent Greek-letter councils oversaw misconduct investigations. She is a senior studying digital and print journalism with a minor in creative writing through Schreyer Honors College. Second, who are the people most likely to do the right thing? An inheritance, on the other hand, isn't taxable income. If you value this reporting, please give a gift today at I dont believe that is accurate. In order to achieve our goals we must have people to guide and lead the way for us. exclusive reporting, plus the most important news and events from our They do, however, receive benefits such as paid travel and sports tickets. Sent every Thursday. 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. Penn students want voting rights on its board of trustees, like some other colleges. Lubrano also serves as the partial namesake for Penn State's campus baseball facility,. The Penn State Board of Trustees is the 38-member [1] governing body for The Pennsylvania State University. [This is to replace Deloitte, our previous accounting and auditing firm. Baylor Coach The article published May 28, 2016, by Mark Schlabach on ESPN titled, "Baylor to fire coach Art Briles after 8 Seasons," is about Sixty-year-old Art Briles in the process of finishing his extension of his ten-year contract for coaching football at Baylor University. 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. And if it is, you do it no matter the cost.. Sign up today! Error! 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. For example, 10 years ago a manager considering an investment in TESLA would certainly, if looking solely at their financial statements, not make such an investment (TESLAs financial positions at that time were awful, compared to its peers). 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. Going through the highlights of the Penn State and State College news so you don't have to. The University of Pennsylvania's board of trustees is led by a New York City investment banker, one of many . PHILADELPHIA (AP) - Penn State's board of trustees is dominated by a few wealthy and well-connected insiders, demands permanent secrecy, silences dissent and is in dire need of reform,. I am an advocate for many of those projects in principle. Community Rules apply to all content you upload or otherwise submit to this site. 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. Our readers keep us independent, beholden to no outside influence, and accessible to everyone whether they can afford to pay for news, or not. Who are the people most likely to do the right thing? In that case, lets use the ratio of alumni and student members to provide us with an answer here. Trustees are usually not paid for their duties, but they sometimes are. . YouTubes privacy policy is available here and YouTubes terms of service is available here. Penn State's Board of Trustees elected or appointed six incumbent trustees and five new members during its meeting Friday. First, who are the stakeholders? 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. Elected by Delegates from Agricultural Societies, Elected by Board Representing Business and Industry, Immediate Past President, Alumni Association, Pennsylvania Department of Conservation and Natural Resources, "Matthew W. Schuyler | Office of the Board of Trustees", "Role of the Board of Trustees in University Governance", https://en.wikipedia.org/w/index.php?title=Penn_State_Board_of_Trustees&oldid=1137371012, Creative Commons Attribution-ShareAlike License 3.0. The board also paid $61,700 for Purchased University Services, though the reports offer limited details about those services. 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. Spotlight PA relies on funding from 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. Sign up for our regional newsletter, Talk of the Town. Every day the university chugs along. Leaders of the Interfraternity Council did not respond to multiple Spotlight PA requests for comment. Editor in Chief. Six members elected by agricultural organizations, Six members elected by the board and representing business and industry, One member elected by the board and representing the student body, One member elected by the board and representing the faculty, One member representing the Penn State Alumni Association, Three members elected by the board as at-large choices. 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. Sign up for University Park, PA 16802, Phone: (814) 865-2521 historical city of Montgomery, Alabama. 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. Interested to expand my network of PSU alums because all voices deserve to be heard, and all are . foundations and readers like you fees paid from the Penn State endowment to outside investment advisors had averaged $10 . And because as trustee, you're in control of those assets, that means you're in charge of paying yourself. This leads us to the question of how many total Trustees should Penn State have? ), Proposed Purchase of Property at 131-151 Mendels Way, Benner Township, Centre County (Action Item 5), [This purchase will provide real estate to further Penn States Agricultural Research efforts.]. Everyone deserves access to the facts. Costs that are as much as double the costs incurred by many of our Big10 cohorts for similar projects, as I have discussed, Lubrano voted Nay earlier in the Finance Committee meeting. When the video of the meeting is released I will post a link to it on my website. I am not a first generation college student but I do have siblings that are/have attended college. Handling other people's money is a serious responsibility. 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. A final stakeholder is the faculty and staff of the university. In the last decade, however, this selection process has become an exercise in futility for me. [4] Regular meetings of the board are held bi-monthly and take place primarily on the University Park campus, although on occasion meetings are held at other locations within the Commonwealth.[5]. 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. Lubrano and Company, Inc. William F. Oldsey (2022) Independent Consultant/Educational Publishing. The law allows for fines ranging from $100 to $1,000, plus the cost of prosecution, for a first offense. Obviously the alumni, and current students by virtue of their pending alumni status, are the largest stakeholders. William Schreyer -- a Penn State trustee whose daughter is a longtime board member of The Second . 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. Right now, we are not even close in fundraising. 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. Learn more about addressing the board and how to sign up. He was a member, former chair, and current board member of the Penn State Behrend Council of Fellows. Now lets translate that into action and create a new Board of Trustees! and participate in a number of other committees and initiatives in addition to attending board meetings and executing trustee duties. Professors, administrators and staff are being hired, producing work, managing others, getting paid and retiring. 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. University officials said they are exploring other ways to increase revenue, which typically comes from tuition and state appropriations. (State College) The Penn State Board of Trustees approved a salary increase for university employees on Thursday. Outgoing Penn State President Eric Barron unanimously received a 2.5% raise from the university's Board of Trustees Friday afternoon. Fax: (814) 863-4631 Although Boards of Advisors do not have fiduciary responsibility, the President, Provost and Board of Trustees rely heavily on these boards to help inform the work of the schools and centers. The expense reports show the trustees paid the Penn Stater more than $100,400 for Meals and Break Services during meetings there.