Matthew W. Schuyler (2023) Chief Brand Officer. The pledge cost Penn relatively little; the market value of its endowment increased by 38 percent, or $5.6 billion, in the following year. 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. [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. 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 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. There is always one very straightforward financial consideration: a trustee's compensation is taxable income. 2023Spotlight PA228 Walnut St., #11728Harrisburg, PA 17108-1728. I think the monitoring should be enhanced, he said. If our goal is to truly compete with our Big10 athletics peers, including underwriting all of the very beneficial initiatives proposed by Athletic Director Pat Kraft, which I am strongly in favor of, we must be competitive with our peers, especially Ohio State and Michigan, in raising funds via philanthropy. There are, however, some circumstances in which you might want to choose to forgo compensation. Sign up for Second, who are the people most likely to do the right thing? Melewsky questioned why the. 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. 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). Spotlight PA is funded by foundations and readers like you who are committed to accountability and public-service journalism that gets results. Trustees are usually not paid for their duties, but they sometimes are. 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. 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. Board of Trustees | Penn State University. Indiana University of Pennsylvania President Michael Driscoll was the top earner among the State System schools at $438,000. Previously, independent Greek-letter councils oversaw misconduct investigations. More perhaps than any man I know? In a statement, DuBois said the board is aware of meeting costs and has worked for years to save money. The attorney listings on this site are paid attorney advertising. 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. ). 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. President Neeli Bendapudi also implemented a sweeping 3% budget cut. Especially in tighter economic times, people should not be forced to choose between the essentials, and essential news. Trustees spent around $318,000 on expenses like food and lodging during meetings for its 38 board . 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. In the last decade, however, this selection process has become an exercise in futility for me. Several of these action items have further details; you can read the. There was an error processing your request. She is a senior studying digital and print journalism with a minor in creative writing through Schreyer Honors College. Board of Trustees Developing great leaders is something we take pride in and is a major component of our curriculum. and participate in a number of other committees and initiatives in addition to attending board meetings and executing trustee duties. University officials said they are exploring other ways to increase revenue, which typically comes from tuition and state appropriations. Piazza added that he believes the 2017 measures were a good start but did not go far enough. The expense reports show the trustees paid the Penn Stater more than $100,400 for Meals and Break Services during meetings there. The current Ohio State salary average of $73,930 is 2.9 percent below the average benchmark salary of $76,160. Everyone deserves access to the facts. foundations and readers like you I think they were all deemed to be permanent for the benefit and safety of the students.. Valerie L. Detwiler (2022) Senior Vice President, Senior Commercial Banker, Lynn A. Dietrich (2023) Retired Professional Engineer (PE). 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 . Lubrano also serves as the partial namesake for Penn State's campus baseball facility,. Lubrano and Company, Inc. William F. Oldsey (2022) Independent Consultant/Educational Publishing. Penn students want voting rights on its board of trustees, like some other colleges. Leaders of the Interfraternity Council did not respond to multiple Spotlight PA requests for comment. Sign up for In 1998-99, Ohio State s average faculty salary was $66,890, which was 1.9 percent below the benchmark average of $68,170. 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 COVID-19 Operations Control Center at Penn State released its plans for coronavirus mitigation, which will be in effect during May and the. Editor in Chief. Learn more about who members represent on the Elections page. To someone like myself, who works in the investment management field, considering other factors aside from pure financials is common and prudent. Now join thousands of your friends and neighbors in supporting it. You'll have to report it on your annual income tax return, and pay tax on it. He lauded the high education standards of the football team, that he prefers brain over brawn and then asked the audience why this so evident at Penn State. DuBois said trustees use university-owned fleet vehicles and WPSU produced the video celebrating former university President Eric Barron, who retired in May. The university declined to say whether any of the changes outlined in the November memo violate that agreement. If you're legally entitled to compensation, why not take it? He was a member of the Penn State Board of Trustees, and served as both its president and vice president. Nicholas J. Rowland (2024) Professor of Sociology. 201 Old Main 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. that include details of the history of increases to Room and Board. Penn State agreed to tighten some of its Greek life rules as part of its settlement with the Piazza family. 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. 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. Spotlight PA relies on funding from Proposed Changes in Room and Board Charges for 2023-24 Academic Year. During the Sept. 22 governance committee meeting, David Kleppinger, a governor-appointed trustee, said the board supports university-operated services. You'll probably also be in charge of determining the amount of your own compensation. And how do we define what the right thing is? Spotlight PA is different. Alice W. Pope (2023) Retired Associate Professor, Department of Psychology, Brandon D. Short (2024) Executive Director and Portfolio Manager, PGIM Real Estate. STATE COLLEGE (MCT) - Two candidates for Penn State board of trustees in the crowded field have dropped out of the race. Your support enables us to continue to produce tough, unique reporting you wont find anywhere else. Monday - Friday Penn State's Board of Trustees elected or appointed six incumbent trustees and five new members during its meeting Friday. region. The Board of Trustees will be asked to consider and approve Penn State's operating budget on July 15, 2021. For certain, those who advocate for ESG interpret that language as something very, very different. Interested to expand my network of PSU alums because all voices deserve to be heard, and all are . Penn State recorded 45 violations among IFC organizations during the spring 2017 semester. Alvin de Levie and Steven Wagman were elected by university alumni as alumni trustees, and incumbent Brandon Short was reelected. 843 Words4 Pages. Hundreds of Penn State faculty are publicly and privately questioning university leadership. ], This site requires JavaScript to run correctly. This story has been updated with additional comment from Penn State. You do not seek power or popularity. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession. Missouri, which said deed of trust was given to secure tha payment of one principal promissory . The financial disclosures for the six meetings from September 2021 to July 2022 were among materials made available for the trustees Committee on Governance and Long-Range Planning meeting Sept. 22. As 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. But this stake is not very large given the states current financial distributions to the university. Coming off a $127 million deficit last year, Penn State is under a blanket strategic hiring freeze until at least the summer of 2023 to help balance its budget. SUPPORT THIS JOURNALISM and help us reinvigorate local news in north-central Pennsylvania at spotlightpa.org/statecollege. Penn States Lion Ambassadors were accused of hazing. Trustees appointed by the Governor serve until their successors have been appointed and confirmed. Its a situation that describes how I feel about the Penn State Board of Trustees. David R. Jones, Retired Assistant Managing Editor. Jim Piazza, Timothy Piazzas father, told Spotlight PA he was not informed that the rules were provisional. Obviously the alumni, and current students by virtue of their pending alumni status, are the largest stakeholders. Furthermore, in Penn State University there were people in high place that know about Sandusky behavior and did nothing. 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). 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. 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. The structure of Penn States Board of Trustees, while never a secret, has been discussed at length by so many people in the weeks, months and years after the events of November 2011, that I am usually able to recite its makeup without any reference material. Otherwise, we will always be behind. 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. He rose through successive management positions before being named president in 1974 and CEO in 1983. helping shape future decisions that can have a lasting impact on our students, faculty, staff, alumni, and community members. For example, in May 2022, the board paid $10,858.54 for Barron video and Fleet.. 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. 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. spotlightpa.org/donate. 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. Hello everyone, I am Taylar Tunstall, a second year biology major, chemistry minor from the. The trustee's payment comes from the trust assets. Out of 710,381 eligible voters, 22,297 ballots were cast 105 of which were mail-in. You'll probably also be in charge of determining the amount of your own compensation. None of us, today, can know where this will end up. 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. 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. The memo says that university officials who enforce the 2017 rules will focus on coaching Greek leaders. 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. Who are the people most likely to do the right thing? 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. Please, The Penn State Board of Trustees met Friday, February 17th 2023 at the Penn Stater to vote on eight agenda action items. So it is money thats going back to the university for those services.. (State College) The Penn State Board of Trustees approved a salary increase for university employees on Thursday. Retired Associate Professor, Department of Psychology,St. His dad, brother, and sister all graduated from the university, along with at least 20 of his cousins. Get weekend previews and weekend recaps from The Daily Collegian Sports staff sent to your inbox. Spotlight PAs free weekly newsletter and get University officials said they are exploring other ways to increase revenue, which typically comes from tuition and state appropriations. 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? He first served on the Board of Trustees from 2012 through 2018 before winning another term in 2020. He had eight years left of that ten-year . The board also paid $61,700 for "Purchased University Services," though the reports offer limited details about those services. 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. The legislation comes amid growing public concern regarding oversight on Penn State's Board. In 1999-00, Ohio State s average of $70,350 was 2.5 percent below the benchmark average of $72,130. . Anytime you incorporate non-financial restrictions, and limit options, you are going to be operating in a sub-optimal fiscal manner. 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 article and all of our journalism are available to you at no cost thanks to our supporters. Board of Trustees) dmk93@psu.edu Daniel A. Onorato (2025) Executive Vice President and Chief Corporate Affairs Officer, Highmark Health dao5287@psu.edu Terrence M. Pegula (2024) CEO, Buffalo Bills, Buffalo Sabres, and JKLM Energy, LLC tmp348@psu.edu Stanley I. Rapp (2023) Senior Partner, Greenlee Partners, LLC sir43@psu.edu Elected by Alumni 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. For the past six meetings, the trustees spent more than $75,000 total, or an average of roughly $12,500 per meeting. 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. Well, the above functions are the result of management. The previous fiscal year, 2014-15, the trustee meetings cost nearly $406,000. First, who are the stakeholders? Handling other people's money is a serious responsibility. With gratitude, 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. During its May 7 meeting, the Penn State Board of Trustee's Committee on Governance and Long. Which results in our new World According To Hook Penn State Board of Trustees: Because the majority of the board will be held accountable by the alumni of the university, we can feel confident that they will do the right thing and continue the great 167-year legacy of Penn State for many years. 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. I hope you appreciated this article. Christopher Baxter And because as trustee, you're in control of those assets, that means you're in charge of paying yourself. At least mine. I dont believe that is accurate. Members represent various entities including, but not limited to, Pennsylvania county agricultural societies, business and industry, students, and faculty. This may be one of those times when the old adage, Ignorance is bliss might be more conducive to a positive alumni mindset. Sign up for 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 recent years, these requests for taxpayer dollars have averaged over $500 million per year, over and above the "General Appropriation". I am not a first generation college student but I do have siblings that are/have attended college. When the video of the meeting is released I will post a link to it on my website, https://barryfenchak4trustee.com. Spotlight PAs free weekly newsletter and get our We're always interested in hearing about news in our community. 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. Photo by Michael Tauriello | Onward State. 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. William Schreyer -- a Penn State trustee whose daughter is a longtime board member of The Second . 201 Old Main StateCollege.com provides local news, entertainment, and information for State College, PA. We offer the latest breaking news and videos straight from the Centre County region in Central PA. 220 Regent Court, Suite B, State College, PA 16801, Copyright 2000 document.getElementById('copyright').appendChild(document.createTextNode(new Date().getFullYear())) | StateCollege.com | All Rights Reserved | State College, PA Centre County Central Pennsylvania Home of Penn State University. That said, we have many highly-qualified and experienced elected, voting members of the Board capable of taking on such a role. It's hard to argue with taking payment for your time and effort. The Penn State Board of Trustees met Friday, February 17th 2023 at the Penn Stater to vote on eight agenda action items. In partnership with the president, the board seeks to advance the institution while acting in the best interests of the University community. Costs that are as much as double the costs incurred by many of our Big10 cohorts for similar projects, as I have discussed here. Story by Wyatt Massey of Spotlight PA State College. Check the list of upcoming meetings and recent news for more information on livestream dates and times. 2023Spotlight PA228 Walnut St., #11728Harrisburg, PA 17108-1728. It could get very expensive with regard to damaging the endowments investment performance - and all the fallout that entails. Success! The Board of Trustees is Penn State's highest governing body established by the university's charter that holds responsibility for the "governance and welfare of the university and all interests pertaining thereto," according to the Penn State Board of Trustees website. Trustees are not paid and the university reimburses their travel expenses, though some board members forgo that reimbursement, DuBois said. 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. I cannot support increases to student fees for housing and food service unless and until we rein in the costs of these capital projects which directly impact the cost of room and board charged to students. The university enacted more than a dozen changes to its oversight and compliance rules for Greek life after 19-year-old Timothy Piazza died at the Beta Theta Pi fraternity on campus. Granted, thats not necessarily the case, but its certainly possible with the makeup with the board as is. President Neeli Bendapudi also implemented a sweeping 3% budget cut. 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. Many on the Board seem to think it does not indicate any change at all to the existing investment policy. Right now, we are not even close in fundraising. Sign up for our regional newsletter, Talk of the Town. What happened to the arrest, use of force data Penn State police promised to release? May 7, 2021 Old Main on Monday, March 15, 2021. 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. Six years later, Penn States new administration appears to be easing those restrictions. Hazleton, Pennsylvania native Jim Bognet has been connected to Penn State his entire life. SUPPORT THIS JOURNALISM and help us reinvigorate local news in north-central Pennsylvania at spotlightpa.org/statecollege. 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. Now join thousands of your friends and neighbors in supporting it.

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