Most trustees are entitled to payment for their work managing and distributing trust assetsjust like executors of wills. Sign up for Vornado's Penn Station Development Plan Reaches Pivotal Point Like other boards of trustees throughout the state, USC's trustees are not paid a salary. Barron, who's set to retire in June, will now receive an annual salary of $876,612 about $21,000 more than last year. He had eight years left of that ten-year . I think they were all deemed to be permanent for the benefit and safety of the students.. . Two members selected by the faculty and staff. The memo says that university officials who enforce the 2017 rules will focus on coaching Greek leaders. Proposed Changes in Room and Board Charges for 2023-24 Academic Year. University Park, PA 16802, Phone: (814) 865-2521 Some trusts set out a flat or hourly fee for the trustee, but that's not too common. The attorney listings on this site are paid attorney advertising. There were 1,068 write-in ballots. 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 Board of Trustees will be asked to consider and approve Penn State's operating budget on July 15, 2021. Will you do your part today by making a contribution? University Park Airport Reopens After Evacuation for Suspicious Item Found in Luggage, State Pattys Day: Reflection of Indiscretions. 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. Cynthia Baldwin - Wikipedia Wyatt Massey of Spotlight PA State College, agreed to tighten some of its Greek life rules, recognizes more than 60 Greek-letter organizations, register State Pattys weekend social events, Unequal election policies disenfranchised Pennsylvania voters in 2022, by Kate Huangpu of Spotlight PA and Carter Walker of Votebeat, How anxiety came to dominate the big business of medical marijuana cards in Pennsylvania, Thousands of Pa. homeowners feel stuck in a high-stakes game of telephone with their homes, vital utilities on the line, What the public can and cant know about Four Diamonds, beneficiary of Penn State THONs fundraising, Grudges, tribalism, and infighting rife in Pennsylvania borough that hired the cop who killed Tamir Rice, by Min Xian of Spotlight PA State College, A complete guide and amendment tracker for proposed changes to Pennsylvanias Constitution, Penn State English teaching faculty say they arent paid a living wage, by Wyatt Massey of Spotlight PA State College. The press. (Philadelphia [Pa.]) 1857-1880, October 01, 1857, Image 3 University officials said they are exploring other ways to increase revenue, which typically comes from tuition and state appropriations. Julie Anna Potts (2024) President and CEO. David R. Jones, Retired Assistant Managing Editor. When the video of the meeting is released I will post a link to it on my website. Some trusts set out a flat or hourly fee for the trustee, but that's not too common. For the past six meetings, the trustees spent more than $75,000 total, or an average of roughly $12,500 per meeting. The University's Official News Source. 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. 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). Six years later, Penn States new administration appears to be easing those restrictions. PDF AGENDA ITEM 3. - Pennsylvania State University If you're interested in submitting a Letter to the Editor, click here. If you value this reporting, please give a gift today at 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. None of us, today, can know where this will end up. Ron Long, GCFE, ACE, DEI - Founder / Director Of Investigations USC's trustees call the shots at the university. Who are they? | The State It's hard to argue with taking payment for your time and effort. There was a problem saving your notification. and participate in a number of other committees and initiatives in addition to attending board meetings and executing trustee duties. In a statement, the university said it was disappointed in the IFCs decision. This story has been updated with additional comment from Penn State. 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. Board of Trustees | Penn State University - Pennsylvania State University I think this is a great starting point in our quest for people who will do the right thing for Penn State. 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. Your contribution will help the Collegian provide award winning journalism to the Penn State community and beyond. exclusive reporting, plus the most important news and events from our The board also paid $61,700 for "Purchased University Services," though the reports offer limited details about those services. [This is to replace Deloitte, our previous accounting and auditing firm. Story by Wyatt Massey of Spotlight PA State College. 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 planned renovation will cost $48.3 million, which is to be paid through private gifts and borrowing. At least mine. The fine increases to $500 to $2,000 for subsequent offenses. In a statement, DuBois said the board is aware of meeting costs and has worked for years to save money. 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. 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. The pledge cost Penn relatively little; the market value of its endowment increased by 38 percent, or $5.6 billion, in the following year. This is commonly referred to as ESG, or Environmental, Social, and Governance investing. Donate to the Collegian by clicking the button below. It's time for wealthy colleges to share the wealth (opinion) 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. To balance the budget by 2025, the university is attempting to save an estimated $250 million and, in the last few weeks, it has both raised tuition and . 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. [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. So, do we want to do this?, Vote - Yea: 29 Nay: 3 (Cairns, Detwiler, Fenchak) Abstain: 1 (Mumin). 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 . Editor in Chief. Previously, independent Greek-letter councils oversaw misconduct investigations. ], Proposed Annual Applications, Renewals and Other Filings Required by the Pennsylvania Liquor Control Board. 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.. trustee, the follpwlng (described real estate, situated In the county of Jackson and state ot Missouri, to wlt: All ot the south twenty-five (35) feet of lot three (3). 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. The costs of several items making up the Housing and Food Services (HFS) budget have increased, and it is criticalin my opinionthat HFS operate on a balanced budget. (Note: Trustee Lubrano voted Nay earlier in the Finance Committee meeting. University Trustees Are Often Clueless: Does It Matter? Edward P. "Ted" Junker III '59 | Penn State Behrend Because the alumni-elected members only constitute one-quarter of the voting members of the board it appears to me that the opinions of those alumni members could easily be ignored or minimized, regardless of the worth of those opinions. 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. With gratitude, historical city of Montgomery, Alabama. For the Glory! 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. Board members serve as bridges between Penn's schools and centers and the community beyond campus boundaries. DuBois said trustees use university-owned fleet vehicles and WPSU produced the video celebrating former university President Eric Barron, who retired in May. 'A complete and utter mess:' College athletics in turmoil as model There was an error processing your request. 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. The IFC is an independent organization overseeing fraternities at Penn State that are part of the North-American Interfraternity Conference. The trustee's payment comes from the trust assets. For its July meeting at the universitys York campus, the board paid $17,800 on Reception/Dinner expenses. M. Abraham Harpster (2022) Co-Owner, Evergreen Farms, Inc. Chris R. Hoffman (2024) Vice President, Pennsylvania Farm Bureau, Mark H. Dambly (2023) President, Pennrose Properties, LLC. 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. 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. At the time, Penn State said Greek lifes self-governance model had failed to bring an end to excessive drinking, hazing, sexual assault and overly large disruptive gatherings within their organizations.. 9/17/21 4:10 pm. Alvin de Levie and Steven Wagman were elected by university alumni as alumni trustees, and incumbent Brandon Short was reelected. Dillard University | Biology Blog - Taylar Tunstall Intro Copywriters are not paid to write. 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'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. Penn State Nittany Lions -- Joe Paterno did business with leaders of The university has raised $8 million for the project so far. University officials said they are exploring other ways to increase revenue, which typically comes from tuition and state appropriations. Share your thoughts with the board at an upcoming meeting. Amid budget crunch, Penn State trustees spent nearly $318,000 on meals Last semester, the university recorded more than 30 violations of hazing, alcohol misuse, or sexual misconduct among IFC organizations. Board of Trustees Developing great leaders is something we take pride in and is a major component of our curriculum. Copyright 2023 MH Sub I, LLC dba Nolo Self-help services may not be permitted in all states. 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. Sign up for Chairman Keith Masser sent an email to trustees around 8 p.m. Friday announcing that Karen P How to calculate a reasonable fee is one questionwhether or not you should accept it is a wholly separate issue. Right now, we are not even close in fundraising. Our readers keep us independent, beholden to no outside influence, and accessible to everyone whether they can afford to pay for news, or not. This article and all of our journalism are available to you at no cost thanks to our supporters. 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. www.gutenberg.org that include details of the history of increases to Room and Board. Email: bot@psu.edu, Hours: 8:00 a.m. to 5:00 p.m. EST who are committed to accountability journalism that gets results. Share feedback on issues related to the Boards responsibility for governing and stewarding the University using an anonymous feedback form. Receive all the latest news and events right to your inbox. Sign up for our regional newsletter, Talk of the Town. 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. Serving on Penn State's Board of Trustees, elected by the alumni, since 2014. Youve been reading our work. In 1999-00, Ohio State s average of $70,350 was 2.5 percent below the benchmark average of $72,130. Their payments in lieu of taxes are being funneled into a Hudson Yards fund over 35 years to fund bonds that paid for the $2 billion extension of the No. Jim Piazza, Timothy Piazzas father, told Spotlight PA he was not informed that the rules were provisional. ), Proposed Purchase of Property at 131-151 Mendels Way, Benner Township, Centre County (Action Item 5), [This purchase will provide real estate to further Penn States Agricultural Research efforts.]. 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. Lodging was the second-highest category of spending for the board during the most recent cycle. I was recently talking to a seasoned Microsoft programmer who has to remind his younger counterparts that just because no one is complaining about a piece of software functionality doesnt mean its working. Retired Associate Professor, Department of Psychology,St. But this stake is not very large given the states current financial distributions to the university. Spotlight PAs free weekly newsletter and get our And if it is, you do it no matter the cost.. William Schreyer -- a Penn State trustee whose daughter is a longtime board member of The Second . Editor in Chief. Office of the Board of Trustees foundations and readers like you 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. (Tim Shaffer/Reuters) Penn State's Board of Trustees was blasted today in a newly released report on how the school handled the Gerald Sandusky child abuse debacle, accused of failing in. Its management that is concerned with the day-to-day operation of Penn State. Monday - Friday Paterno, Lubrano and Pope to Seek Reelection to Penn State Board of Get weekend previews and weekend recaps from The Daily Collegian Sports staff sent to your inbox. Spotlight PA is different. Trustees spent around $318,000 on expenses like food and lodging during meetings for its 38 board . 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. Approval of Subcommittee on Compensation Operating Guidelines. 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. Penn State's Eric Barron third highest paid public university president But that is not what ESG investing is. Spotlight PA relies on funding from So there we have all our criteria. They usually have or formerly had other careers and are happy to provide their expertise to a charitable organization. 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. In a statement, the university said it remains committed to the safety of all Penn State students and any changes in Greek life at Penn State would only be put into place after carefully considering how they would impact the well-being of our students., After publication, Penn State confirmed the proposed changes to Greek life oversight have not occurred. Members listed below as of May 31, 2022. How often are Penn States private planes flying during a budget crunch? Christopher Baxter Penn State Board of Trustees approves increased salaries - WITF Participate in upcoming trustee elections and learn more about the candidates. There is always one very straightforward financial consideration: a trustee's compensation is taxable income. Having spent decades in nonprofit management, if the members of the governing board are engaged and motivated, the number is not a critical issue. Who are the people most likely to do the right thing? And I will admit, although Im not proud of it, there was a certain amount of name-recognition ultimately involved in many of my votes. But I know we can be and have been in the past. She is a senior studying digital and print journalism with a minor in creative writing through Schreyer Honors College. Penn State cancels its Center for Racial Justice after faculty push for funding decision, Penn State wavers on funding for Center for Racial Justice, a key commitment following 2020 protests, Schools like Penn State self-police student-athlete endorsement deals, Regular private meetings among top Penn State trustees may be violating Pa.s transparency law, Penn State wont answer key questions about its handling of sexual extortion involving student athletes. The Penn State Board of Trustees met Friday, February 17th 2023 at the Penn Stater to vote on eight agenda action items. Junker joined Marine Bank in 1964. The board also paid $61,700 for Purchased University Services, though the reports offer limited details about those services. Fax: (814) 863-4631 PA Seeks To Hold Penn State Board Of Trustees More Accountable My comments from the Penn State Board of Trustees Meeting, February 17 2023 Stay up to date on the boards activities and get involved. Board of Trustees - William Penn University He was a member, former chair, and current board member of the Penn State Behrend Council of Fellows. 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. Our journalism is produced to serve the public interest not profit motives. 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. The university, in creating the new compliance model in 2017, cited research that Greek life members were more likely to be heavy drinkers than the general student population and fraternity members were more likely to commit sexual assault then their peers in the general student population. Last year, USC's. Director of Operations,PA Municipal League. (Closed on campus holidays), Conflict of Interest Disclosure and Certification Summary Report. ]. Sign up for our regional newsletter, Talk of the Town. We on this Board might think that adding the ESG language is not a change from that type of decision making process. And how do we define what the right thing is? Prophecies Fulfilled: The Qur'anic Arabs in the Early 600s If you purchase a product or register for an account through one of the links on our site, we may receive compensation. Especially in tighter economic times, people should not be forced to choose between the essentials, and essential news. Fax: (814) 863-4631 Penn State trustees heard university's diversity plan in secret 2021 our exclusive reporting, plus the most important news and events from The group made local news last week after allowing its fraternities to register State Pattys weekend social events for the first time since 2011. YouTubes privacy policy is available here and YouTubes terms of service is available here. Penn State distances itself from past diversity proposals while launching similar efforts, Penn State trustees heard universitys diversity plan in secret 2021 gathering. Spotlight PA is funded by foundations and readers like you who are committed to accountability and public-service journalism that gets results. More perhaps than any man I know? STATE COLLEGE (MCT) - Two candidates for Penn State board of trustees in the crowded field have dropped out of the race. 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. six ((). We have no billionaire owner or shareholders to consider. All rights reserved (About Us). I encourage you to watch it in its entirety. Your engagement with the board is critical and necessary to supporting the success and advancement of the University. Spotlight PAs free weekly newsletter and get our Spotlight PA relies on funding from We must be able to finance projects like this through philanthropyjust as Ohio State, Michigan, and others do. The current Ohio State salary average of $73,930 is 2.9 percent below the average benchmark salary of $76,160. Rudy Glocker, a Nittany Lion letterman on the ballot in the race, said Interested to expand my network of PSU alums because all voices deserve to be heard, and all are . 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. Steve A. Garban, Senior Vice President for Finance and Operations/Treasurer Emeritus. 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. Which is why, here, in The World According to Hook, I am proposing that the right thing is to change the membership of the Board of Trustees. For this reason I voted NO on approving this project at this time. The board also paid $61,700 for "Purchased University Services," though. 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. Board of Trustees | Penn State University. Hello everyone, I am Taylar Tunstall, a second year biology major, chemistry minor from the. 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?