This may be one of those times when the old adage, Ignorance is bliss might be more conducive to a positive alumni mindset. Nolan is soiling them tor 12.60. 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 A board of trustees is a group appointed to preside over a nonprofit, charitable foundation or business. Furthermore, in Penn State University there were people in high place that know about Sandusky behavior and did nothing. 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. 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 university declined to say whether any of the changes outlined in the November memo violate that agreement. 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. Anytime you incorporate non-financial restrictions, and limit options, you are going to be operating in a sub-optimal fiscal manner. Interested to expand my network of PSU alums because all voices deserve to be heard, and all are . 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. Most trustees are entitled to payment for their work managing and distributing trust assetsjust like executors of wills. block. 4/30/21 4:05 am. The previous fiscal year, 2014-15, the trustee meetings cost nearly $406,000. Board membership is less stressful and time-consuming than earlier positions board members have taken on, while still offering an impressive income. 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. Sign up for our regional newsletter, Talk of the Town. ], Proposed Annual Applications, Renewals and Other Filings Required by the Pennsylvania Liquor Control Board. 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. (Note: Trustee Lubrano voted Nay earlier in the Finance Committee meeting. Lubrano and Company, Inc. William F. Oldsey (2022) Independent Consultant/Educational Publishing. The median compensation for members of. Six members elected by agricultural organizations, Six members elected by the board and representing business and industry, One member elected by the board and representing the student body, One member elected by the board and representing the faculty, One member representing the Penn State Alumni Association, Three members elected by the board as at-large choices. 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. Proposed Authorization to Engage External Auditors (Action Item 1). 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. 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. Community Rules apply to all content you upload or otherwise submit to this site. A final stakeholder is the faculty and staff of the university. our exclusive reporting, plus the most important news and events from So, do we want to do this?, Vote - Yea: 29 Nay: 3 (Cairns, Detwiler, Fenchak) Abstain: 1 (Mumin). There is always one very straightforward financial consideration: a trustee's compensation is taxable income. In 1998-99, Ohio State s average faculty salary was $66,890, which was 1.9 percent below the benchmark average of $68,170. 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. Julie Anna Potts (2024) President and CEO. An increase in tuition rates for students will also take effect.. A 2% general . She is a senior studying digital and print journalism with a minor in creative writing through Schreyer Honors College. Serving on Penn State's Board of Trustees, elected by the alumni, since 2014. Rudy Glocker, a Nittany Lion letterman on the ballot in the race, said . Baylor Coach The article published May 28, 2016, by Mark Schlabach on ESPN titled, "Baylor to fire coach Art Briles after 8 Seasons," is about Sixty-year-old Art Briles in the process of finishing his extension of his ten-year contract for coaching football at Baylor University. You'll probably also be in charge of determining the amount of your own compensation. For this reason I voted NO on approving this project at this time. Tho Underwriters Association of the middle department, comprising Penn sylvania, Maryland, Delaware, New Jersey, West Virginia nnd tho District of Columbia, has notified the agents of Reynoldsvillo of tho advnneo In fire in surance rates, which took effect March 1, 1902. 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. 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). . The pledge cost Penn relatively little; the market value of its endowment increased by 38 percent, or $5.6 billion, in the following year. They do, however, receive benefits such as paid travel and sports tickets. We on this Board might think that adding the ESG language is not a change from that type of decision making process. 2023 Advance Local Media LLC. Board of Trustees | Penn State University. Please, The Penn State Board of Trustees met Friday, February 17th 2023 at the Penn Stater to vote on eight agenda action items. UCLA and USC bolted the Pac-12 for the Big Ten in the summer of 2022 and will begin competing in the richest conference in college athletics ($1.1 billion per year in TV deals) in 2024. For 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 board also paid $61,700 for "Purchased University Services," though the reports offer limited details about those services. Like other boards of trustees throughout the state, USC's trustees are not paid a salary. If it's left to you to come up with a "reasonable" fee, here are a couple of ways you might go about the task: After all, an executor's work is often very similar to that of a trustee. fees paid from the Penn State endowment to outside investment advisors had averaged $10 . We need to have our eyes wide open as we consider this change, with regard to what it will mean long-term. Spotlight PA is different. President, A.P. 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. For its July meeting at the universitys York campus, the board paid $17,800 on Reception/Dinner expenses. If you're legally entitled to compensation, why not take it? But that is not what ESG investing is. During the Sept. 22 governance committee meeting, David Kleppinger, a governor-appointed trustee, said the board supports university-operated services. Members listed below as of May 31, 2022. Spotlight PAs free weekly newsletter and get our 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. (Action Item 8), [Authorizes the Vice President of Finance to execute the LCB applications for various locations on campus. 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. Randolph B. Houston, Jr. (2023) Assistant General Counsel, Charles C. Brosius, Retired President, Marlboro Mushrooms, Walter J. Conti, Retired Owner, Cross Keys Inn/Pipersville Inn, Donald M. Cook, Jr., Retired President, SEMCOR, Incorporated, Marian U. Barash Coppersmith, Retired Chairman of the Board, The Barash Group. Matthew W. Schuyler (2023) Chief Brand Officer. the success and advancement of the University. 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 Trustee spending peaked over the past decade during fiscal year 2015-16, when the board spent more than $415,000 on meetings, according to older financial reports. DuBois said trustees use university-owned fleet vehicles and WPSU produced the video celebrating former university President Eric Barron, who retired in May. 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. If you value this reporting, please give a gift today at 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). It's hard to argue with taking payment for your time and effort. 2023Spotlight PA228 Walnut St., #11728Harrisburg, PA 17108-1728. Adding the sentence citing social and environmental considerations to the existing language of The Universitys funds will be invested to achieve maximum return with an acceptable degree of risk may seem like a clear phrase, but it is not. For the past six meetings, the trustees spent more than $75,000 total, or an average of roughly $12,500 per meeting. 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. On this Wikipedia the language links are at the top of the page across from the article title. President Neeli Bendapudi also implemented a sweeping 3% budget cut. Some trusts set out a flat or hourly fee for the trustee, but that's not too common. Alvin de Levie and Steven Wagman were elected by university alumni as alumni trustees, and incumbent Brandon Short was reelected. Now lets translate that into action and create a new Board of Trustees! 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. Trustees are not paid and the university reimburses their travel expenses, though some board members forgo that reimbursement, DuBois said. Spotlight PA is funded by foundations and readers like you who are committed to accountability and public-service journalism that gets results.
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