Roth and trustees David . . Penn States recent spending comes during a university-wide effort to tighten its belt and a recent tuition hike. Copyright 2023 MH Sub I, LLC dba Nolo Self-help services may not be permitted in all states. Then third, how do we define what the right thing is for Penn State? 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. Fax: (814) 863-4631 Specifically HBCU, so I can tell you that going to an HBCU is truly important especially if you . The previous fiscal year, 2014-15, the trustee meetings cost nearly $406,000. Your use of this website constitutes acceptance of the Terms of Use, Supplemental Terms, Privacy Policy and Cookie Policy. 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. Quentin E. Wood, Retired Chairman of the Board and Chief Executive Officer, This page was last edited on 4 February 2023, at 07:49. The expense reports show the trustees paid the Penn Stater more than $100,400 for Meals and Break Services during meetings there. 80% of consumers turn to directories with reviews to find a local business. SUMMARY OF THE BUDGET PLAN. Monday - Friday 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. Lodging was the second-highest category of spending for the board during the most recent cycle. Share feedback on issues related to the Boards responsibility for governing and stewarding the University using an anonymous feedback form. [6] Note: The date in parentheses following each name below indicates the year in which the term will expire. Like other boards of trustees throughout the state, USC's trustees are not paid a salary. For example, in May 2022, the board paid $10,858.54 for "Barron video" and "Fleet." block. Thanks for reading Barry Fenchak For Penn State Trustee! our exclusive reporting, plus the most important news and events from Spotlight PAs free weekly newsletter and get Enter the email address you signed up with and we'll email you a reset link. Story by Wyatt Massey of Spotlight PA State College. Piazza added that he believes the 2017 measures were a good start but did not go far enough. President Neeli Bendapudi also implemented a sweeping 3% budget cut. But we have fallen well short of the mark in the last decade. Trustees spent around $318,000 on expenses like food and lodging during meetings for its 38 board . Many on the Board seem to think it does not indicate any change at all to the existing investment policy. 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. Our journalism is produced to serve the public interest not profit motives. By participating in elections, attending meetings, and. In 1999-00, Ohio State s average of $70,350 was 2.5 percent below the benchmark average of $72,130. They do, however, receive benefits such as paid travel and sports tickets. 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. 201 Old Main During the Sept. 22 governance committee meeting, David Kleppinger, a governor-appointed trustee, said the board supports university-operated services. Community Rules apply to all content you upload or otherwise submit to this site. spotlightpa.org/donate. Youve been reading our work. Sent every Friday and Monday. Donate to the Collegian by clicking the button below. 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. (State College) The Penn State Board of Trustees approved a salary increase for university employees on Thursday. The University of Pennsylvania's board of trustees is led by a New York City investment banker, one of many . 2023 Advance Local Media LLC. The Board of Trustees will be asked to consider and approve Penn State's operating budget on July 15, 2021. In that capacity, she became involved in the Jerry Sandusky scandal. None of us, today, can know where this will end up. 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. A Penn State trustee who led the board after the Jerry Sandusky scandal will be stepping down next week. But that is not what ESG investing is. who are committed to accountability journalism that gets results. 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. So it is money thats going back to the university for those services.. and participate in a number of other committees and initiatives in addition to attending board meetings and executing trustee duties. 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. Julie Anna Potts (2024) President and CEO. The other members include six trustees appointed by the Governor, nine elected by alumni, six elected by Pennsylvania agricultural societies, six by a board representing business and industry enterprises, 3 at-large, 1 student, and 1 academic trustee. foundations and readers like you 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. (Note: Trustee Lubrano voted Nay earlier in the Finance Committee meeting. Spotlight PA is different. 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. Previously, independent Greek-letter councils oversaw misconduct investigations. More Local News to Love Start today for 50% off Expires 3/6/23, creation of a new vice president position, regularly holding private meetings that potentially violate Pennsylvanias transparency law. Sign up for 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 . And at the same time we will remove the futility some of us feel with the current trustee elections. ], Proposed Annual Applications, Renewals and Other Filings Required by the Pennsylvania Liquor Control Board. 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. SUPPORT THIS JOURNALISM and help us reinvigorate local news in north-central Pennsylvania at spotlightpa.org/statecollege. 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. Its a situation that describes how I feel about the Penn State Board of Trustees. 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. 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 Photo by Michael Tauriello | Onward State. The board also paid $61,700 for "Purchased University Services," though the reports offer limited details about those services. Spotlight PA is different. 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. foundations and readers like you Penn State agreed to tighten some of its Greek life rules as part of its settlement with the Piazza family. Other factors stem from emotions, not money. 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. We're always interested in hearing about news in our community. Will you do your part today by making a contribution? David R. Jones, Retired Assistant Managing Editor. 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. 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. 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. 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 the monitoring should be enhanced, he said. Editor in Chief. Hello everyone, I am Taylar Tunstall, a second year biology major, chemistry minor from the. Spotlight PA is funded by foundations and readers like you who are committed to accountability and public-service journalism that gets results. The Penn State Board of Trustees passed a motion to fund a renovation to the Lasch Building during their virtual meeting on Friday afternoon. 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. [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. Right now, we are not even close in fundraising. Now join thousands of your friends and neighbors in supporting it. Typically, either the trust document or state law says that trustees can be paid a "reasonable" amount for their work. Christopher Baxter During the Sept. 22 governance committee meeting, David Kleppinger, a governor-appointed trustee, said the board supports university-operated services. Penn State's Board of Trustees elected or appointed six incumbent trustees and five new members during its meeting Friday. 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. Editor in Chief. In three of the past four completed fiscal years, the boards annual spending was more than $300,000, the exception being the pandemic-affected 2020-21 fiscal year when the trustees spent $89,168, according to the finance reports. Every day the university chugs along. It is well past time that we at least equal the efforts of our Big10 peers and commit to raising funds first, and THEN stick shovels into the dirt.. More perhaps than any man I know? Trustees appointed by the Governor serve until their successors have been appointed and confirmed. 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. This article and all of our journalism are available to you at no cost thanks to our supporters. Spotlight PAs free weekly newsletter and get our There was a problem saving your notification. [This is to replace Deloitte, our previous accounting and auditing firm. Robert E. Fenza (2024) Retired Chief Operating Officer, Walter C. Rakowich (2023) Retired Chief Executive Officer, Prologis, Mary Lee Schneider (2024) Former President and CEO, SG360, Kathleen L. Casey (2022) Senior Advisor, Patomak Global Partners, LLC; KLC Consulting Group, LLC. SUPPORT THIS JOURNALISM and help us reinvigorate local news in north-central Pennsylvania at spotlightpa.org/statecollege. It is not detrimental to our program to do so. One searches in vain for public praise of Penn's payment of the TCJA tax. In a statement, the university said it was disappointed in the IFCs decision. Members represent various entities including, but not limited to, Pennsylvania county agricultural societies, business and industry, students, and faculty. Proposed Changes in Room and Board Charges for 2023-24 Academic Year. Sign up for our regional newsletter, Talk of the Town. It could get very expensive with regard to damaging the endowments investment performance - and all the fallout that entails. 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. Penn State trustees ratify request for major boost in state aid, Penn State trustees approve beer sales to general fan base during home football games. During its May 7 meeting, the Penn State Board of Trustee's Committee on Governance and Long. 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). William Schreyer -- a Penn State trustee whose daughter is a longtime board member of The Second . Email: bot@psu.edu, Hours: 8:00 a.m. to 5:00 p.m. EST 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. Sign up today! (Philadelphia [Pa.]) 1857-1880, October 01, 1857, Image 3, brought to you by Penn State University Libraries; University Park, PA, and the National Digital Newspaper Program. Robert M. Frey, Attorney-at-Law, Frey & Tiley, P.C. There were 1,068 write-in ballots. The pledge cost Penn relatively little; the market value of its endowment increased by 38 percent, or $5.6 billion, in the following year. 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. 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. Please, The Penn State Board of Trustees met Friday, February 17th 2023 at the Penn Stater to vote on eight agenda action items. Students are applying, getting accepted, being housed and fed, attending classes, participating in extracurricular activities and getting degrees. Office of the Board of Trustees For certain, those who advocate for ESG interpret that language as something very, very different. It's hard to argue with taking payment for your time and effort. When the video of the meeting is released I will post a link to it on my website. For the past six meetings, the trustees spent more than $75,000 total, or an average of roughly $12,500 per meeting. 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. 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. ), 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.]. our region. In three of the past four completed fiscal years, the boards annual spending was more than $300,000, the exception being the pandemic-affected 2020-21 fiscal year when the trustees spent $89,168, according to the finance reports. President Neeli Bendapudi also implemented a sweeping 3% budget cut. ], Proposed Naming of the Building Located at 2137 Research Drive, State College in CATO Park to the Lidia Manson Building CATO Park (Action Item 2), Proposed Authorization to Expend Funds, ICA Facility Investments, University Park (Action Item 3), [Approval of $7.5 Million Intercollegiate Athletics (ICA) spending, financed via debt, to add a video board, sound system, and other ancillary items to the football practice fields.]. 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. In some states, the information on this website may be considered a lawyer referral service. This is commonly referred to as ESG, or Environmental, Social, and Governance investing. 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. A board of trustees is a group appointed to preside over a nonprofit, charitable foundation or business. Copywriters are not paid to write. 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. 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. 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. University Park, PA 16802, Phone: (814) 865-2521 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. Most trustees are entitled to payment for their work managing and distributing trust assetsjust like executors of wills. six ((). If you're interested in submitting a Letter to the Editor, click here. fees paid from the Penn State endowment to outside investment advisors had averaged $10 . There was an error processing your request. Things are working, so whats the problem? Rudy Glocker, a Nittany Lion letterman on the ballot in the race, said Edward P. Junker, III, Retired Vice Chairman, Robert D. Metzgar, Former President, North Penn Pipe & Supply, Incorporated, L. J. Rowell, Jr., Retired Chairman and Chief Executive Officer, Provident Mutual Life Insurance, Kevin R. Steele, Past President, Penn State Alumni Association, Cecile M. Springer, President, Springer Associates, Paul V. Suhey, Orthopedic Surgeon, Martin & Suhey Orthopedics, Boyd E. Wolff, Retired, Owner and Operator Wolfden Farms. Indiana University of Pennsylvania President Michael Driscoll was the top earner among the State System schools at $438,000. For its July meeting at the universitys York campus, the board paid $17,800 on Reception/Dinner expenses. . 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. Learn more about addressing the board and how to sign up. Learn more about who members represent on the Elections page. spotlightpa.org/donate. ], This site requires JavaScript to run correctly. 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. 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. In order to achieve our goals we must have people to guide and lead the way for us. At least mine. His dad, brother, and sister all graduated from the university, along with at least 20 of his cousins.

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