do penn state board of trustees get paid

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. 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. The pledge cost Penn relatively little; the market value of its endowment increased by 38 percent, or $5.6 billion, in the following year. I was the teaching assistant for COMM 409: News Media Ethics - one of the only undergraduate teaching assistants at Penn State. 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. 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. 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. When the video of the meeting is released I will post a link to it on my website, https://barryfenchak4trustee.com. 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. The board of trustees will vote Friday afternoon on whether to approve up to $7.5 million in renovations to the outdoor fields at the Lasch Football Building and the indoor Holuba Hall. Indiana University of Pennsylvania President Michael Driscoll was the top earner among the State System schools at $438,000. In 1998-99, Ohio State s average faculty salary was $66,890, which was 1.9 percent below the benchmark average of $68,170. 7 train, local . February 28, 2023. [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. Some trusts set out a flat or hourly fee for the trustee, but that's not too common. Share your thoughts with the board at an upcoming meeting. Specifically, there are 38 members of the Penn State Board of Trustees (36 of whom have votes) and they are as follows: The reason this has become an exercise in futility for me is because we, the alumni, only choose nine of the 36 voting members of the board. Students are applying, getting accepted, being housed and fed, attending classes, participating in extracurricular activities and getting degrees. 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 this reason I voted NO on approving this project at this time. But this stake is not very large given the states current financial distributions to the university. 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. 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. Granted, thats not necessarily the case, but its certainly possible with the makeup with the board as is. 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. Penn State's Board of Trustees elects, appoints incumbent trustees, new members, Sarah Pellis & Lindsey Sauerhaft | The Daily Collegian, Penn States Board of Trustees approves new engineering building, demolition of Hammond Building, Penn State releases May, summer semester coronavirus mitigation plan, New Interim Vice President of Student Affairs Andrea Dowhower leads evidence-based, student-centered approach, Our reflection on spring semester 2023 so far | Been There, Done That. Share feedback on issues related to the Boards responsibility for governing and stewarding the University using an anonymous feedback form. Sent every Thursday. I think the monitoring should be enhanced, he said. Copyright 2023 MH Sub I, LLC dba Nolo Self-help services may not be permitted in all states. Thanks for reading Barry Fenchak For Penn State Trustee! Alice W. Pope (2023) Retired Associate Professor, Department of Psychology, Brandon D. Short (2024) Executive Director and Portfolio Manager, PGIM Real Estate. During the Sept. 22 governance committee meeting, David Kleppinger, a governor-appointed trustee, said the board supports university-operated services. exclusive reporting, plus the most important news and events from our Lubrano and Company, Inc. William F. Oldsey (2022) Independent Consultant/Educational Publishing. None of us, today, can know where this will end up. Because Microsoft is able to track error messages and other dysfunctions on its products in real-time, they, in most cases, get instantaneous feedback on their products. When the video of the meeting is released I will post a link to it on my website. 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%. I encourage you to watch it in its entirety. 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. Participate in upcoming trustee elections and learn more about the candidates. But I know we can be and have been in the past. Steven B. Wagman (2024) National Healthcare Business Leader, Randall Randy E. Black (2023) CEO and President, First Citizens Community Bank, Donald W. Cairns (2024) Owner/Operator, Cairns Family Farm. And I think the university is still not aggressive enough in going after the groups or the individuals that break the rules.. A final stakeholder is the faculty and staff of the university. For the Glory! So it is money thats going back to the university for those services.. Lubrano also serves as the partial namesake for Penn State's campus baseball facility,. Penn States recent spending comes during a university-wide effort to tighten its belt and a recent tuition hike. 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. I think this is a great starting point in our quest for people who will do the right thing for Penn State. Serving on Penn State's Board of Trustees, elected by the alumni, since 2014. These changes, which the university has not publicly acknowledged, were discussed on Nov. 16, 2022, during a private gathering of university leadership, Greek life leaders, and members of the Committee on Academic Affairs, Research and Student Life, which is part of the Board of Trustees. Then we should provide 5% of the board seats to the faculty and staff of the University so their voice can be heard in its governance. Spotlight PA is funded by foundations and readers like you who are committed to accountability and public-service journalism that gets results. The memo says that university officials who enforce the 2017 rules will focus on coaching Greek leaders. The Board of Trustees will be asked to consider and approve Penn State's operating budget on July 15, 2021. We must be able to finance projects like this through philanthropyjust as Ohio State, Michigan, and others do. During the Sept. 22 governance committee meeting, David Kleppinger, a governor-appointed trustee, said the board supports university-operated services. The current Ohio State salary average of $73,930 is 2.9 percent below the average benchmark salary of $76,160. . 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 . Thats what causes my feelings of futility. Members represent various entities including, but not limited to, Pennsylvania county agricultural societies, business and industry, students, and faculty. In a statement, DuBois said the board is aware of meeting costs and has worked for years to save money. 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? Last semester, the university recorded more than 30 violations of hazing, alcohol misuse, or sexual misconduct among IFC organizations. The expense reports show the trustees paid the Penn Stater more than $100,400 for Meals and Break Services during meetings there. 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. 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. I encourage you to watch it in its entirety. 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). STATE COLLEGE, Pa. - Penn State's Board of Trustees elected banking executive Karen Peetz to lead the embattled board and help the school negotiate the aftermath of a nightmarish child. (Closed on campus holidays). Proposed Authorization to Engage External Auditors (Action Item 1). . Retired Associate Professor, Department of Psychology,St. 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. She also served as Chair of the Penn State Board of Trustees from 2004-2007. Prior to publication of this story, Spotlight PA asked the university whether these changes which the school framed in the November memo as next steps had been implemented. who are committed to accountability journalism that gets results. 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. Christopher Baxter With gratitude, Penn States 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. [This is to replace Deloitte, our previous accounting and auditing firm. Many on the Board seem to think it does not indicate any change at all to the existing investment policy. 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. Barron, who's set to retire in June, will now receive an annual salary of $876,612 about $21,000 more than last year. There was a problem saving your notification. This leads us to the question of how many total Trustees should Penn State have? The law allows for fines ranging from $100 to $1,000, plus the cost of prosecution, for a first offense. 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. What happened to the arrest, use of force data Penn State police promised to release? 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. foundations and readers like you Things are working, so whats the problem? And because as trustee, you're in control of those assets, that means you're in charge of paying yourself. An increase in tuition rates for students will also take effect.. A 2% general . So if you're inheriting everything or almost everything in the trust, there's usually no reason to call some of the money a "fee"you'll only end up paying more tax than you have to. All rights reserved (About Us). Trustees are not paid and the university reimburses their travel expenses, though some board members forgo that reimbursement, DuBois said. The trustee's payment comes from the trust assets. The board comprises thirty-six voting members and two ex-officio non-voting membersthe President of the University and the Governor of the Commonwealth of Pennsylvania. In building the proposed 2021-22 Operating Budget, Penn State has placed the highest priority on keeping tuition affordable while continuing to provide a high-quality educational experience to students. There was an error processing your request. 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. 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. Next, the citizens of Pennsylvania and the commonwealth itself have some stake in the university since the name Pennsylvania State University implies a connection. At least mine. There is always one very straightforward financial consideration: a trustee's compensation is taxable income. 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. The university has raised $8 million for the project so far. Photo by Michael Tauriello | Onward State. That purpose, as defined by the bylaws of the University, is a multi-campus public research university that educates students from Pennsylvania, the nation and the world and improves the wellbeing and health of individuals and communities through integrated programs of teaching, research and service.. Sign up for our regional newsletter, Talk of the Town. If you're legally entitled to compensation, why not take it? Including a plethora of interpretations/viewpoints that would significantly restrict investment options in the Penn State Endowment for non-financial reasons. Last year, USC's. For example, in May 2022, the board paid $10,858.54 for Barron video and Fleet.. While its common for boards to cover the cost of doing business, details of the spending come as the university raises tuition and slashes spending to overcome a $127 million budget deficit. 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. I hope you appreciated this article. 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. 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. 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. First, they legally are the university, with major decision-making powers. University Park Airport Reopens After Evacuation for Suspicious Item Found in Luggage, State Pattys Day: Reflection of Indiscretions. Spotlight PAs free weekly newsletter and get Our readers keep us independent, beholden to no outside influence, and accessible to everyone whether they can afford to pay for news, or not. 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. Then third, how do we define what the right thing is for Penn State? The trustees, on the other hand, are the governance that sets the strategies and policies of Penn State. More perhaps than any man I know? 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. This is commonly referred to as ESG, or Environmental, Social, and Governance investing. He rose through successive management positions before being named president in 1974 and CEO in 1983. 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. May 7, 2021 Old Main on Monday, March 15, 2021. Elmwood Park, aa addition to the City ot Kansas, Jackson 000317. Your use of this website constitutes acceptance of the Terms of Use, Supplemental Terms, Privacy Policy and Cookie Policy. For example, in May 2022, the board paid $10,858.54 for Barron video and Fleet.. Right now, we are not even close in fundraising. The expense reports show the trustees paid the Penn Stater more than $100,400 for Meals and Break Services during meetings there. exclusive reporting, plus the most important news and events from our Penn State trustees on Friday promised to move forward with a detailed evaluation of changes recommended by former FBI director Louis Freeh in response to the child sex-abuse scandal that . I am not a first generation college student but I do have siblings that are/have attended college. 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. In a statement, the university said it was disappointed in the IFCs decision. Editor in Chief. SUPPORT THIS JOURNALISM and help us reinvigorate local news in north-central Pennsylvania at spotlightpa.org/statecollege. 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