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. Lubrano and Company, Inc. William F. Oldsey (2022) Independent Consultant/Educational Publishing. The press. 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). 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. 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. 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. 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 Spotlight PA is funded by foundations and readers like you who are committed to accountability and public-service journalism that gets results. University officials said they are exploring other ways to increase revenue, which typically comes from tuition and state appropriations. 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. Next, the citizens of Pennsylvania and the commonwealth itself have some stake in the university since the name Pennsylvania State University implies a connection. The Penn State Board of Trustees is the 38-member[1] governing body for The Pennsylvania State University. Obviously the alumni, and current students by virtue of their pending alumni status, are the largest stakeholders. Community Rules apply to all content you upload or otherwise submit to this site. Prior to publication of this story, Spotlight PA asked the university whether these changes which the school framed in the November memo as next steps had been implemented. The Penn State Board of Trustees is the 38-member [1] governing body for The Pennsylvania State University. Now lets translate that into action and create a new Board of Trustees! 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. And how do we define what the right thing is? 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). ], This site requires JavaScript to run correctly. Typically, either the trust document or state law says that trustees can be paid a "reasonable" amount for their work. There is always one very straightforward financial consideration: a trustee's compensation is taxable income. Sign up today! Christopher Baxter Sign up for The attorney listings on this site are paid attorney advertising. six ((). Thats what causes my feelings of futility. 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. Fax: (814) 863-4631 [6] Note: The date in parentheses following each name below indicates the year in which the term will expire. (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. 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. 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. But this stake is not very large given the states current financial distributions to the university. Wyatt Massey of Spotlight PA State College, creation of a new vice president position, regularly holding private meetings that potentially violate Pennsylvanias transparency law, 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 distances itself from past diversity proposals while launching similar efforts, by Wyatt Massey of Spotlight PA State College, Penn State trustees heard universitys diversity plan in secret 2021 gathering. With gratitude, Steve A. Garban, Senior Vice President for Finance and Operations/Treasurer Emeritus. 2023 Advance Local Media LLC. I hope you appreciated this article. DuBois said trustees use university-owned fleet vehicles and WPSU produced the video celebrating former university President Eric Barron, who retired in May. historical city of Montgomery, Alabama. Board of Trustees Developing great leaders is something we take pride in and is a major component of our curriculum. It is not detrimental to our program to do so. (State College) The Penn State Board of Trustees approved a salary increase for university employees on Thursday. For its July meeting at the universitys York campus, the board paid $17,800 on Reception/Dinner expenses. The planned renovation will cost $48.3 million, which is to be paid through private gifts and borrowing. Many trustees do, and it's certainly appropriate to be paid for the real work that comes with serving as a trustee. Proposed Authorization to Engage External Auditors (Action Item 1). 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.. I hope you appreciated this article. This is commonly referred to as ESG, or Environmental, Social, and Governance investing. 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. foundations and readers like you 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. who are committed to accountability journalism that gets results. The fine increases to $500 to $2,000 for subsequent offenses. May 7, 2021 Old Main on Monday, March 15, 2021. Editor in Chief. 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. (Action Item 7), [Amendments to the operating guidelines of the Boards subcommittee on compensation. 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. The graduate student assembly passed a resolution earlier this month, asking that one graduate student and one undergraduate be added to the board. 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. 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. There were 1,068 write-in ballots. Anytime you incorporate non-financial restrictions, and limit options, you are going to be operating in a sub-optimal fiscal manner. Serving on Penn State's Board of Trustees, elected by the alumni, since 2014. Your engagement with the board is critical and necessary to supporting the success and advancement of the University. You'll probably also be in charge of determining the amount of your own compensation. Many on the Board seem to think it does not indicate any change at all to the existing investment policy. 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. Everyone deserves access to the facts. It's . Randolph Houston will also assume a two-year seat as the immediate past president of the Penn State Alumni Association, replacing Wagman. 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. Hello everyone, I am Taylar Tunstall, a second year biology major, chemistry minor from the. 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. Some trusts set out a flat or hourly fee for the trustee, but that's not too common. This may be one of those times when the old adage, Ignorance is bliss might be more conducive to a positive alumni mindset. Penn States new president led a Kentucky university through crises. DuBois said trustees use university-owned fleet vehicles and WPSU produced the video celebrating former university President Eric Barron, who retired in May. Penn State trustees on Friday promised to move forward with a detailed evaluation of changes recommended by former FBI director Louis Freeh in response to the child sex-abuse scandal that . Penn State's Board of Trustees elected or appointed six incumbent trustees and five new members during its meeting Friday. 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. spotlightpa.org/donate. The median compensation for members of. In some states, the information on this website may be considered a lawyer referral service. But I know we can be and have been in the past. 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. Spotlight PA is different. For the Glory! Insurance Rates Raised. The university also wants to engage Greek life and student media to discuss promoting the strengths and benefits of Greek life.. Especially in tighter economic times, people should not be forced to choose between the essentials, and essential news. 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. 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. If you're legally entitled to compensation, why not take it? For example, in May 2022, the board paid $10,858.54 for "Barron video" and "Fleet." Nevertheless, the President, Graham B. Spanier and Vice President Gary C. Schultz and Athletic Director T. M. Curley with other cover Sandusky behavior form Board of Trustees. State law is unlikely to be much help either; many states set out rules for executors, but not for trustees. Lodging was the second-highest category of spending for the board during the most recent cycle. Spotlight PA is different. Students are applying, getting accepted, being housed and fed, attending classes, participating in extracurricular activities and getting degrees. 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. Error! 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. As Penn States governing body, the Board of Trustees takes a holistic approach to guiding goals, policies, and procedures as well as reviewing and approving University budgets. 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). If you're interested in submitting a Letter to the Editor, click here. Hundreds of Penn State faculty are publicly and privately questioning university leadership. Email: bot@psu.edu, Hours: 8:00 a.m. to 5:00 p.m. EST He was a member, former chair, and current board member of the Penn State Behrend Council of Fellows. Army Veteran, 20+ year Law Enforcement Investigator, Private Investigator, and Digital Forensics Examiner driven to uncover the truth and find answers for challenges of all shapes and sizes . 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 . Penn students want voting rights on its board of trustees, like some other colleges. 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. exclusive reporting, plus the most important news and events from our 201 Old Main Sign up for our regional newsletter, Talk of the Town. . 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. 2023Spotlight PA228 Walnut St., #11728Harrisburg, PA 17108-1728. 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. 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. Trustees are usually not paid for their duties, but they sometimes are. region. Other factors stem from emotions, not money. Board of Trustees | Penn State University. 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. In a statement, DuBois said the board is aware of meeting costs and has worked for years to save money. To someone like myself, who works in the investment management field, considering other factors aside from pure financials is common and prudent. 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. 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. For the past six meetings, the trustees spent more than $75,000 total, or an average of roughly $12,500 per meeting. With gratitude, But we have fallen well short of the mark in the last decade. Including a plethora of interpretations/viewpoints that would significantly restrict investment options in the Penn State Endowment for non-financial reasons. 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. Several of these action items have further details; you can read the. 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. There are, however, some circumstances in which you might want to choose to forgo compensation. In a statement, DuBois said the board is aware of meeting costs and has worked for years to save money. In partnership with the president, the board seeks to advance the institution while acting in the best interests of the University 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. Trustees appointed by the Governor serve until their successors have been appointed and confirmed. During its May 7 meeting, the Penn State Board of Trustee's Committee on Governance and Long. A board of trustees is a group appointed to preside over a nonprofit, charitable foundation or business. Six years later, Penn States new administration appears to be easing those restrictions. Spotlight PAs free weekly newsletter and get our Now join thousands of your friends and neighbors in supporting it. 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. 80% of consumers turn to directories with reviews to find a local business. 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 Changes in Room and Board Charges for 2023-24 Academic Year. A final stakeholder is the faculty and staff of the university. An inheritance, on the other hand, isn't taxable income. None of us, today, can know where this will end up. Who are the people most likely to do the right thing? (Closed on campus holidays), Conflict of Interest Disclosure and Certification Summary Report. 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. The university described Spotlight PAs story as speculative. (Read the full exchange here.). Then we should provide 5% of the board seats to the faculty and staff of the University so their voice can be heard in its governance. But that is not what ESG investing is. By participating in elections, attending meetings, and. At least mine. Donate to the Collegian by clicking the button below. First, who are the stakeholders? An increase in tuition rates for students will also take effect.. A 2% general . In 1998-99, Ohio State s average faculty salary was $66,890, which was 1.9 percent below the benchmark average of $68,170. You'll probably also be in charge of determining the amount of your own compensation. Julie Anna Potts (2024) President and CEO. In July, the board voted to raise tuition by 5%-6% to help increase revenue. The university declined to say whether any of the changes outlined in the November memo violate that agreement. Participate in upcoming trustee elections and learn more about the candidates. Alice W. Pope (2023) Retired Associate Professor, Department of Psychology, Brandon D. Short (2024) Executive Director and Portfolio Manager, PGIM Real Estate. Nicholas J. Rowland (2024) Professor of Sociology. How to calculate a reasonable fee is one questionwhether or not you should accept it is a wholly separate issue. ), 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.]. 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. Spotlight PAs free weekly newsletter and get 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.. 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 board also paid $61,700 for "Purchased University Services," though. . And because as trustee, you're in control of those assets, that means you're in charge of paying yourself. We have no billionaire owner or shareholders to consider. SUPPORT THIS JOURNALISM and help us reinvigorate local news in north-central Pennsylvania at spotlightpa.org/statecollege. The Daily is reporting that former Penn State head football coach Joe Paterno had close business ties with board members of The Second Mile, the charity founded by alleged child molester and former Nittany Lions assistant coach Jerry Sandusky. I dont believe that is accurate. 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. Alvin de Levie and Steven Wagman were elected by university alumni as alumni trustees, and incumbent Brandon Short was reelected. Copyright 2023 MH Sub I, LLC dba Nolo Self-help services may not be permitted in all states. The Penn State Board of Trustees passed a motion to fund a renovation to the Lasch Building during their virtual meeting on Friday afternoon. Going through the highlights of the Penn State and State College news so you don't have to. Previously, independent Greek-letter councils oversaw misconduct investigations. His dad, brother, and sister all graduated from the university, along with at least 20 of his cousins. Last semester, the university recorded more than 30 violations of hazing, alcohol misuse, or sexual misconduct among IFC organizations. 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. Members listed below as of May 31, 2022. Monday - Friday Melewsky questioned why the. our exclusive reporting, plus the most important news and events from Sign up for our regional newsletter, Talk of the Town. The legislation comes amid growing public concern regarding oversight on Penn State's Board. 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. Then third, how do we define what the right thing is for Penn State? 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. 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. Handling other people's money is a serious responsibility. Learn more about who members represent on the Elections page. The Penn State Board of Trustees met Friday, February 17th 2023 at the Penn Stater to vote on eight agenda action items. 4/30/21 4:05 am. University Park Airport Reopens After Evacuation for Suspicious Item Found in Luggage, State Pattys Day: Reflection of Indiscretions. Board membership is less stressful and time-consuming than earlier positions board members have taken on, while still offering an impressive income. That leaves us with 5% that can be used by the board to identify any constituencies that it may from time to time feel need a voice at the trustee level. 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. 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. 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? Our readers keep us independent, beholden to no outside influence, and accessible to everyone whether they can afford to pay for news, or not. Furthermore, in Penn State University there were people in high place that know about Sandusky behavior and did nothing. Edward B. 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.
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