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It's time for wealthy colleges to share the wealth (opinion) Matthew W. Schuyler (2023) Chief Brand Officer. 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. 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. Penn States recent spending comes during a university-wide effort to tighten its belt and a recent tuition hike. 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). First, who are the stakeholders? [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. Trustee spending peaked over the past decade during fiscal year 2015-16, when the board spent more than $415,000 on meetings, according to older financial reports. In 1998-99, Ohio State s average faculty salary was $66,890, which was 1.9 percent below the benchmark average of $68,170. Copywriters are not paid to write. Hundreds of Penn State faculty are publicly and privately questioning university leadership. Like other boards of trustees throughout the state, USC's trustees are not paid a salary. This article and all of our journalism are available to you at no cost thanks to our supporters. Most trustees are entitled to payment for their work managing and distributing trust assetsjust like executors of wills. [6] Note: The date in parentheses following each name below indicates the year in which the term will expire. In that capacity, she became involved in the Jerry Sandusky scandal. (State College) The Penn State Board of Trustees approved a salary increase for university employees on Thursday. This is the story of her high-wire act. The university declined to say whether any of the changes outlined in the November memo violate that agreement. The board uses The Penn Stater Hotel & Conference Center which the university owns but is expected to sell this fall for some of its meetings at University Park. The trustee's payment comes from the trust assets. Get weekend previews and weekend recaps from The Daily Collegian Sports staff sent to your inbox. 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. 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. Roth and trustees David . Rudy Glocker, a Nittany Lion letterman on the ballot in the race, said I hope you appreciated this article. Penn State's Board of Trustees elected or appointed six incumbent trustees and five new members during its meeting Friday. For its July meeting at the universitys York campus, the board paid $17,800 on Reception/Dinner expenses. 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. It could get very expensive with regard to damaging the endowments investment performance - and all the fallout that entails. If we assign three board seats to the state, two to the faculty and one to the board for their use in filling a voice, we have a total of 30 trustees, and we hit our percentage goals above almost exactly. Previously, independent Greek-letter councils oversaw misconduct investigations. 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. Other factors stem from emotions, not money. (Closed on campus holidays), Conflict of Interest Disclosure and Certification Summary Report. Several of these action items have further details; you can read the. Army Veteran, 20+ year Law Enforcement Investigator, Private Investigator, and Digital Forensics Examiner driven to uncover the truth and find answers for challenges of all shapes and sizes . Lodging was the second-highest category of spending for the board during the most recent cycle. By participating in elections, attending meetings, and. 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. This leads us to the question of how many total Trustees should Penn State have? Your support enables us to continue to produce tough, unique reporting you wont find anywhere else. Piazza added that he believes the 2017 measures were a good start but did not go far enough. But that is not what ESG investing is. 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. Proposed Changes in Room and Board Charges for 2023-24 Academic Year. If you purchase a product or register for an account through one of the links on our site, we may receive compensation. Spotlight PA is different. [2] Undergraduate students do not elect any trustees; the court case Benner v. Oswald ruled that the Equal Protection Clause of the Fourteenth Amendment did not require the undergraduate students be allowed to participate in the selection of trustees. One member elected by the board as an at-large choice. SUPPORT THIS JOURNALISM and help us reinvigorate local news in north-central Pennsylvania at spotlightpa.org/statecollege. The board also paid $61,700 for Purchased University Services, though the reports offer limited details about those services. Hazleton, Pennsylvania native Jim Bognet has been connected to Penn State his entire life. For the past six meetings, the trustees spent more than $75,000 total, or an average of roughly $12,500 per meeting. Check upcoming meeting dates or watch a recording of a previous meeting to find out what you missed. Please, The Penn State Board of Trustees met Friday, February 17th 2023 at the Penn Stater to vote on eight agenda action items. Lodging was the second-highest category of spending for the board during the most recent cycle. But this stake is not very large given the states current financial distributions to the university. If you're interested in submitting a Letter to the Editor, click here. 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. For example, in May 2022, the board paid $10,858.54 for Barron video and Fleet.. Interested to expand my network of PSU alums because all voices deserve to be heard, and all are . Spotlight PA is funded by foundations and readers like you who are committed to accountability and public-service journalism that gets results. Learn more about the purpose, goals, and members of each standing committee. Christopher Baxter If you're legally entitled to compensation, why not take it? six ((). spotlightpa.org/donate. 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. There was an error processing your request. 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 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. Penn State operated at a $166 million deficit the last academic year, using its central reserves to off-set the shortfall, with Thorndike acknowledging such a practice is not sustainable. Trustees | Office of the Board of Trustees - Pennsylvania State University Payment for Serving as Trustee | How Much Do Trustees Get Paid? | AllLaw historical city of Montgomery, Alabama. We have no billionaire owner or shareholders to consider. February 28, 2023. He was a member of the Penn State Board of Trustees, and served as both its president and vice president. our region. 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. Download this stock image: Penn State interim head football coach Tom Bradley, right, arrives for a press conference with interim athletic director Mark Sherburne, left rear, in State College, Pa., Thursday, Nov. 10, 2011. The alumni trustees' report, co-signed by former trustees Anthony Lubrano and Ryan McCombie, and current board members Ted Brown, Barbara Doran, Robert Jubelirer, William Oldsey and Alice. But I am not an advocate for the prices we have paid for many of those projects. Missouri, which said deed of trust was given to secure tha payment of one principal promissory . Penn State Board of Trustees approves increased salaries - WITF Employees have questioned university leadership about a $71,000 raise for a top administrator, the creation of a new vice president position during the hiring freeze, and increases to employees workloads at a time when wages are outpaced by inflation. 2023Spotlight PA228 Walnut St., #11728Harrisburg, PA 17108-1728. It was an email that I had expected because a week or two before that trustee campaign signs started popping up on the streets around Happy Valley. The memo argues the 2017 policies created culture shift, including an increase in grade-point averages among Greek life members and a drop in reports of misconduct. The median compensation for members of. 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. Community Rules apply to all content you upload or otherwise submit to this site. I hope you appreciated this article. The press. We're always interested in hearing about news in our community. The trustees, on the other hand, are the governance that sets the strategies and policies of Penn State. 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. University Park, PA 16802, Phone: (814) 865-2521 7 train, local . In a statement, the university said it was disappointed in the IFCs decision. 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. The current Ohio State salary average of $73,930 is 2.9 percent below the average benchmark salary of $76,160. Second, they are also individuals dependent on. 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. Hello everyone, I am Taylar Tunstall, a second year biology major, chemistry minor from the. [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]. The Town Hall, held via ZOOM session, was put together by PS4RS - and is available at the link below. This is commonly referred to as ESG, or Environmental, Social, and Governance investing. 2023 Advance Local Media LLC. Trustees OSU salaries slip Consider it just one more family responsibility, which you meet because it's the right thing to do, not because you're being paid for it. Six years later, Penn States new administration appears to be easing those restrictions. Spotlight PA relies on funding from There are, however, some circumstances in which you might want to choose to forgo compensation. Fax: (814) 863-4631 Approval of Subcommittee on Compensation Operating Guidelines. Jim Bognet Implores 'Return To Penn State's Legacy' In Trustee Campaign For the past six meetings, the trustees spent more than $75,000 total, or an average of roughly $12,500 per meeting. Penn States new president led a Kentucky university through crises. Share feedback on issues related to the Boards responsibility for governing and stewarding the University using an anonymous feedback form. And because the living alumni to student ratio is about 7:1, that will be the ratio of the elected members from these constituencies. Sign up for His dad, brother, and sister all graduated from the university, along with at least 20 of his cousins. You'll probably also be in charge of determining the amount of your own compensation. It is not detrimental to our program to do so. Costs that are as much as double the costs incurred by many of our Big10 cohorts for similar projects, as I have discussed here. 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. We on this Board might think that adding the ESG language is not a change from that type of decision making process. Board Of Trustees Raises President Barron's Salary Randolph Houston will also assume a two-year seat as the immediate past president of the Penn State Alumni Association, replacing Wagman. For the Glory! Your use of this website constitutes acceptance of the Terms of Use, Supplemental Terms, Privacy Policy and Cookie Policy. In partnership with the president, the board seeks to advance the institution while acting in the best interests of the University community. So there we have all our criteria. (Note: Trustee Lubrano voted Nay earlier in the Finance Committee meeting. Stay up to date on the boards activities and get involved. 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. The average Board Member salary in Texas is $72,974 as of January 26, 2023, but the range typically falls between $56,258 and $90,123. Photo by Michael Tauriello | Onward State. The Penn State Board of Trustees passed a motion to fund a renovation to the Lasch Building during their virtual meeting on Friday afternoon. Things are working, so whats the problem? With gratitude, Monday - Friday Employees have questioned university leadership about a $71,000 raise for a top administrator, the creation of a new vice president position during the hiring freeze, and increases to employees workloads at a time when wages are outpaced by inflation. None of us, today, can know where this will end up. Johns University, Executive Director and Portfolio Manager,PGIM Real Estate, National Healthcare Business Leader, Siemens Industry, Inc. Smart Infrastructure Division, CEO and President,First Citizens Community Bank, Senior Vice President,Senior Commercial Banker,Reliance Bank, Retired Chief Operating Officer, Liberty Property Trust, Retired President,CEO and Director,ADT Corporation, Retired Chief Executive Officer, Prologis, Former Project Manager,The Vanguard Group, President and CEO, North American Meat Institute, Chief Brand Officer, Hilton(Chair of theBoard of Trustees), College of the Liberal Arts, Penn State University, Professor of Sociology,Penn State Altoona, Assistant General Counsel, Buzzfeed, Inc.; Immediate Past President, Penn State Alumni Association, Office of the Board of Trustees In a statement, DuBois said the board is aware of meeting costs and has worked for years to save money. Now join thousands of your friends and neighbors in supporting it. Every day the university chugs along. who are committed to accountability journalism that gets results. 843 Words4 Pages. Join us virtually at the next meeting livestream. When the video of the meeting is released I will post a link to it on my website. Penn State's Board of Trustees elects, appoints incumbent trustees, new 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. 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. Success! Frequently Asked Questions | Office of the University Secretary University officials said they are exploring other ways to increase revenue, which typically comes from tuition and state appropriations. Who are the people most likely to do the right thing? The star. (Reynoldsville, Pa.) 1892-1946, March 12, 1902, Image 5 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. They are the ones whose association with the university is affected the most by what happens to and at Penn State both positive or negative. Cynthia Baldwin - Wikipedia How Much Board of Directors Members Get Paid and What They Do Members listed below as of May 31, 2022. SUPPORT THIS JOURNALISM and help us reinvigorate local news in north-central Pennsylvania at spotlightpa.org/statecollege. Steve A. Garban, Senior Vice President for Finance and Operations/Treasurer Emeritus. How often are Penn States private planes flying during a budget crunch? 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. The Penn State Board of Trustees is the 38-member[1] governing body for The Pennsylvania State University. An increase in tuition rates for students will also take effect.. A 2% general . Conflict of Interest Disclosure and Certification Summary Report, Committee on Academic Affairs, Research, and Student Life [PUBLIC]. During the Sept. 22 governance committee meeting, David Kleppinger, a governor-appointed trustee, said the board supports university-operated services. The attorney listings on this site are paid attorney advertising. In the alumni election, the distribution of votes per candidate was as follows: Additionally, Donald Cairns was elected and incumbent Chris Hoffman was reelected by the delegates of agricultural societies, Robert Fenza and Mary Lee Schneider were reelected as trustees representing business and industry, Julie Anna Potts was reelected as an at-large trustee and Nicholas Rowland was elected as the boards academic trustee. . The other members include six trustees appointed by the Governor, nine elected by alumni, six elected by Pennsylvania agricultural societies, six by a board representing business and industry enterprises, 3 at-large, 1 student, and 1 academic trustee. I think this is a great starting point in our quest for people who will do the right thing for Penn State. . Our journalism is produced to serve the public interest not profit motives. 2022 Board of Trustees election results announced - Penn State To someone like myself, who works in the investment management field, considering other factors aside from pure financials is common and prudent. Don't charge a professional ratethe hundreds of dollars an hour that a lawyer or financial advisor might chargeunless you have and are using special skills that justify it. 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. Sign up for our regional newsletter, Talk of the Town. Penn State football facilities: Board of Trustees approves Lasch Sent every Thursday. Donate to the Collegian by clicking the button below. Anytime you incorporate non-financial restrictions, and limit options, you are going to be operating in a sub-optimal fiscal manner. 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. Your engagement with the board is critical and necessary to supporting the success and advancement of the University. But I am not an advocate for the prices we have paid for many of those projects. 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. It will be necessary to increase room and board charges effective with the 2023 Fall Semester due to increasing operating and facility maintenance costs (Action Item 4), [This proposed increase of 3.56% (1.78% increase at Commonwealth Campuses) brings the total compounded cost increase for the last 10 years to 39.12%. But Penn State's Board of Trustees didn't help the process, and even might have invited this latest round of speculation, by debating $48.3 million in football upgrades before approving the. Less than a month after increasing tuition, a Penn State executive is set to receive roughly a $71,000 annual raise which still brings her salary to less than that of her predecessor after. Everyone deserves access to the facts. 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. 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. the success and advancement of the University. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Let us know what's going on! 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. Two Penn State trustee candidates drop out - The Morning Call Spotlight PAs free weekly newsletter and get 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,. Christopher Baxter This may be one of those times when the old adage, Ignorance is bliss might be more conducive to a positive alumni mindset. Penn State currently recognizes more than 60 Greek-letter organizations, grouped under four governing councils, and lists eight suspended fraternities on its website. Board of Trustees | Penn State University. 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. The board also paid $61,700 for Purchased University Services, though the reports offer limited details about those services. In an internal memo obtained by Spotlight PA, the university declares it is time to recalibrate the relationships involved so the pendulum moves toward chapter self-governance, and away from University monitoring and intervention., According to the document, Penn State plans to end the regular monitoring of chapter houses, allow first-semester recruitment, and help Greek organizations that want to reestablish themselves at the university.