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SUMMARY OF THE BUDGET PLAN. Our journalism is produced to serve the public interest not profit motives. block. 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. He rose through successive management positions before being named president in 1974 and CEO in 1983. Christopher Baxter Please reference the Terms of Use and the Supplemental Terms for specific information related to your state. Approval of Subcommittee on Compensation Operating Guidelines. All rights reserved (About Us). 2023Spotlight PA228 Walnut St., #11728Harrisburg, PA 17108-1728. 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. He had eight years left of that ten-year . 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. This article and all of our journalism are available to you at no cost thanks to our supporters. 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. 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. Megan Swift is the editor-in-chief of The Daily Collegian. So it is money thats going back to the university for those services.. 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. Barron, who's set to retire in June, will now receive an annual salary of $876,612 about $21,000 more than last year. She is a senior studying digital and print journalism with a minor in creative writing through Schreyer Honors College. 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). 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. Copywriters are not paid to write. 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. During the Sept. 22 governance committee meeting, David Kleppinger, a governor-appointed trustee, said the board supports university-operated services. 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. For the past six meetings, the trustees spent more than $75,000 total, or an average of roughly $12,500 per meeting. By participating in elections, attending meetings, and. Professors, administrators and staff are being hired, producing work, managing others, getting paid and retiring. Leaders of the Interfraternity Council did not respond to multiple Spotlight PA requests for comment. The previous fiscal year, 2014-15, the trustee meetings cost nearly $406,000. First, who are the stakeholders? Janiyah Davis, student in Penn State's College of the Liberal Arts, was elected as a student trustee, a position she will hold for two years. Most trustees are entitled to payment for their work managing and distributing trust assetsjust like executors of wills. 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. 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 . fees paid from the Penn State endowment to outside investment advisors had averaged $10 . Trustees spent around $318,000 on expenses like food and lodging during meetings for its 38 board . 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. Sign up for 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. This will provide the best opportunity for the university to be responsive to the desires of its lifeblood those who are and were educated by Penn State. Donate to the Collegian by clicking the button below. Members represent various entities including, but not limited to, Pennsylvania county agricultural societies, business and industry, students, and faculty. The pledge cost Penn relatively little; the market value of its endowment increased by 38 percent, or $5.6 billion, in the following year. 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. The previous fiscal year, 2014-15, the trustee meetings cost nearly $406,000. Thats what causes my feelings of futility. Your use of this website constitutes acceptance of the Terms of Use, Supplemental Terms, Privacy Policy and Cookie Policy. There were 1,068 write-in ballots. our exclusive reporting, plus the most important news and events from 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. Monday - Friday This may be one of those times when the old adage, Ignorance is bliss might be more conducive to a positive alumni mindset. Lubrano and Company, Inc. William F. Oldsey (2022) Independent Consultant/Educational Publishing. Rudy Glocker, a Nittany Lion letterman on the ballot in the race, said Our readers keep us independent, beholden to no outside influence, and accessible to everyone whether they can afford to pay for news, or not. Second, who are the people most likely to do the right thing? Participate in upcoming trustee elections and learn more about the candidates. 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. Sign up for our regional newsletter, Talk of the Town. University officials said they are exploring other ways to increase revenue, which typically comes from tuition and state appropriations. DuBois said trustees use university-owned fleet vehicles and WPSU produced the video celebrating former university President Eric Barron, who retired in May. 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 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. I think this is a great starting point in our quest for people who will do the right thing for Penn State. 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. 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. Note: The date in parentheses following each name indicates the year in which the term will expire. President, A.P. . 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. The current Ohio State salary average of $73,930 is 2.9 percent below the average benchmark salary of $76,160. Sent every Friday and Monday. Penn State agreed to tighten some of its Greek life rules as part of its settlement with the Piazza family. We have no billionaire owner or shareholders to consider. Anytime you incorporate non-financial restrictions, and limit options, you are going to be operating in a sub-optimal fiscal manner. To do that I need to ask three questions: Who are the stakeholders of Penn State University? 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,. Nolan is soiling them tor 12.60. Subscribe for free to receive new posts and support my work. 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. 80% of consumers turn to directories with reviews to find a local business. February 28, 2023. William Schreyer -- a Penn State trustee whose daughter is a longtime board member of The Second . 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. Last semester, the university recorded more than 30 violations of hazing, alcohol misuse, or sexual misconduct among IFC organizations. How often are Penn States private planes flying during a budget crunch? 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. But the point was that I felt I was engaged and making reasonably good choices. 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. For example, in May 2022, the board paid $10,858.54 for "Barron video" and "Fleet." And because as trustee, you're in control of those assets, that means you're in charge of paying yourself. Share your thoughts with the board at an upcoming meeting. I think the monitoring should be enhanced, he said. 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 a statement, DuBois said the board is aware of meeting costs and has worked for years to save money. Specifically HBCU, so I can tell you that going to an HBCU is truly important especially if you . Things are working, so whats the problem? 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. For example, the largest university in the state by budget the University of Pennsylvania, whose $12.7 billion total operating budget and $3.7 billion academic operating budget exceed Penn States $7.7 billion and $2.7 billion respectively has over 50 members on their Board of Trustees. Members listed below as of May 31, 2022. [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]. 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. In partnership with the president, the board seeks to advance the institution while acting in the best interests of the University community. Receive all the latest news and events right to your inbox. 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. 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. A "Town Hall" panel was held on April 8th, 2021, featuring the six candidates on the ballot for Penn State University Board of Trustee Alumni Elections. Board of Trustees Developing great leaders is something we take pride in and is a major component of our curriculum. Junker joined Marine Bank in 1964. Error! Penn students want voting rights on its board of trustees, like some other colleges. Second, they are also individuals dependent on. And I think the university is still not aggressive enough in going after the groups or the individuals that break the rules.. I dont believe any of them were deemed to be temporary, Piazza said. 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. I am not a first generation college student but I do have siblings that are/have attended college. 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. 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). 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. 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. Interested to expand my network of PSU alums because all voices deserve to be heard, and all are . 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. Your support enables us to continue to produce tough, unique reporting you wont find anywhere else. Penn States Lion Ambassadors were accused of hazing. This is the story of her high-wire act. If you value this reporting, please give a gift today at 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. This leads us to the question of how many total Trustees should Penn State have? In July, the board voted to raise tuition by 5%-6% to help increase revenue. And at the same time we will remove the futility some of us feel with the current trustee elections. When the video of the meeting is released I will post a link to it on my website. 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). 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. 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. 201 Old Main 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. 7 train, local . Learn more about who members represent on the Elections page. [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. In 2018, Pennsylvania enacted the Timothy J. Piazza Antihazing Law, which created stricter penalties for hazing and required universities to report hazing violations. The board also paid $61,700 for "Purchased University Services," though. The COVID-19 Operations Control Center at Penn State released its plans for coronavirus mitigation, which will be in effect during May and the. The memo says that university officials who enforce the 2017 rules will focus on coaching Greek leaders. So, do we want to do this?, Vote - Yea: 29 Nay: 3 (Cairns, Detwiler, Fenchak) Abstain: 1 (Mumin). An increase in tuition rates for students will also take effect.. A 2% general . . Youve been reading our work. Spotlight PA relies on funding from 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. 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. 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. There was a problem saving your notification. who are committed to accountability journalism that gets results. our region. The graduate student assembly passed a resolution earlier this month, asking that one graduate student and one undergraduate be added to the board. If you value this reporting, please give a gift today at An email has been sent to with a link to confirm list signup. Sign up today! 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. Penn State's Board of Trustees elected or appointed six incumbent trustees and five new members during its meeting Friday. University Park, PA 16802, Phone: (814) 865-2521 Trustees appointed by the Governor serve until their successors have been appointed and confirmed. The board also paid $61,700 for Purchased University Services, though the reports offer limited details about those services. Copyright 2023 MH Sub I, LLC dba Nolo Self-help services may not be permitted in all states. 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. The younger programmers default to these statistics when determining which problems to fix. 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. Especially in tighter economic times, people should not be forced to choose between the essentials, and essential news. For example, in May 2022, the board paid $10,858.54 for Barron video and Fleet.. 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. He was a member, former chair, and current board member of the Penn State Behrend Council of Fellows. 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. 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. Let us know what's going on! Director of Operations,PA Municipal League. Piazza added that he believes the 2017 measures were a good start but did not go far enough. Check upcoming meeting dates or watch a recording of a previous meeting to find out what you missed. Robert M. Frey, Attorney-at-Law, Frey & Tiley, P.C. We're always interested in hearing about news in our community. The expense reports show the trustees paid the Penn Stater more than $100,400 for Meals and Break Services during meetings there. In the exercise of its responsibilities, the board delegates day-to-day management and control of the University to the president, with certain reserved powers as set forth in the Universitys bylaws. 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. Your support enables us to continue to produce tough, unique reporting you wont find anywhere else. This is commonly referred to as ESG, or Environmental, Social, and Governance investing. 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. 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 DuBois said trustees use university-owned fleet vehicles and WPSU produced the video celebrating former university President Eric Barron, who retired in May. Office of the Board of Trustees I dont believe that is accurate. The board also paid $61,700 for "Purchased University Services," though the reports offer limited details about those services. Sign up for She also served as Chair of the Penn State Board of Trustees from 2004-2007. Our readers keep us independent, beholden to no outside influence, and accessible to everyone whether they can afford to pay for news, or not. Youve been reading our work. 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.