In the World According to Hook, the easiest definition is those things that further the purpose of the university. Copyright 2023 MH Sub I, LLC dba Nolo Self-help services may not be permitted in all states. DuBois said trustees use university-owned fleet vehicles and WPSU produced the video celebrating former university President Eric Barron, who retired in May. The Penn State Board of Trustees is the 38-member[1] governing body for The Pennsylvania State University. One member elected by the board as an at-large choice. And I think the university is still not aggressive enough in going after the groups or the individuals that break the rules.. The board also paid $61,700 for "Purchased University Services," though the reports offer limited details about those services. 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. The group made local news last week after allowing its fraternities to register State Pattys weekend social events for the first time since 2011. . 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. I hope you appreciated this article. 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. The Town Hall, held via ZOOM session, was put together by PS4RS - and is available at the link below. 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. Please, The Penn State Board of Trustees met Friday, February 17th 2023 at the Penn Stater to vote on eight agenda action items. 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. 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. Typically, either the trust document or state law says that trustees can be paid a "reasonable" amount for their work. 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. Lubrano and Company, Inc. William F. Oldsey (2022) Independent Consultant/Educational Publishing. Writing well is important but our job . (State College) The Penn State Board of Trustees approved a salary increase for university employees on Thursday. The previous fiscal year, 2014-15, the trustee meetings cost nearly $406,000. For the past six meetings, the trustees spent more than $75,000 total, or an average of roughly $12,500 per meeting. 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. 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. 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 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 . He was a member, former chair, and current board member of the Penn State Behrend Council of Fellows. The University of Pennsylvania's board of trustees is led by a New York City investment banker, one of many . SUPPORT THIS JOURNALISM and help us reinvigorate local news in north-central Pennsylvania at spotlightpa.org/statecollege. Please reference the Terms of Use and the Supplemental Terms for specific information related to your state. 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. This is something that is never discussed, especially when Penn State Trustees lament over lack of State funding for the University. In 1999-00, Ohio State s average of $70,350 was 2.5 percent below the benchmark average of $72,130. There are, however, some circumstances in which you might want to choose to forgo compensation. The trustees, on the other hand, are the governance that sets the strategies and policies of Penn State. Alvin de Levie and Steven Wagman were elected by university alumni as alumni trustees, and incumbent Brandon Short was reelected. Matthew W. Schuyler (2023) Chief Brand Officer. If you value this reporting, please give a gift today at When expanded it provides a list of search options that will switch the search inputs to match the current selection. SUMMARY OF THE BUDGET PLAN. Sign up for 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. What happened to the arrest, use of force data Penn State police promised to release? On this Wikipedia the language links are at the top of the page across from the article title. Story by Wyatt Massey of Spotlight PA State College. 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. 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. 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. Penn State currently recognizes more than 60 Greek-letter organizations, grouped under four governing councils, and lists eight suspended fraternities on its website. 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. . that include details of the history of increases to Room and Board. Penn State operated at a $166 million deficit the last academic year, using its central reserves to off-set the shortfall, with Thorndike acknowledging such a practice is not sustainable. The trustees are unique in that they have two distinct advantages. Monday - Friday
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 . And because as trustee, you're in control of those assets, that means you're in charge of paying yourself. 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 selection of an accounting and audit firm for Penn State. I think they were all deemed to be permanent for the benefit and safety of the students.. 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.. 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. who are committed to accountability journalism that gets results. Sign up for Now join thousands of your friends and neighbors in supporting it. But the point was that I felt I was engaged and making reasonably good choices. Penn States recent spending comes during a university-wide effort to tighten its belt and a recent tuition hike. This is the story of her high-wire act. [4] Regular meetings of the board are held bi-monthly and take place primarily on the University Park campus, although on occasion meetings are held at other locations within the Commonwealth.[5]. The previous fiscal year, 2014-15, the trustee meetings cost nearly $406,000. University officials said they are exploring other ways to increase revenue, which typically comes from tuition and state appropriations. Everyone deserves access to the facts. Community Rules apply to all content you upload or otherwise submit to this site. [This is to replace Deloitte, our previous accounting and auditing firm. Our readers keep us independent, beholden to no outside influence, and accessible to everyone whether they can afford to pay for news, or not. Sign up for 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. For the past six meetings, the trustees spent more than $75,000 total, or an average of roughly $12,500 per meeting. 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. [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. 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. 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. 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. 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. The board also paid $61,700 for Purchased University Services, though the reports offer limited details about those services. There is always one very straightforward financial consideration: a trustee's compensation is taxable income. The university also wants to engage Greek life and student media to discuss promoting the strengths and benefits of Greek life.. 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. Otherwise, we will always be behind. Thanks for reading Barry Fenchak For Penn State Trustee! Trustees appointed by the Governor serve until their successors have been appointed and confirmed. For the past six meetings, the trustees spent more than $75,000 total, or an average of roughly $12,500 per meeting. Sign up for our regional newsletter, Talk of the Town. This story has been updated with additional comment from Penn State. Who the stakeholders are, who will do the right thing, and what is the right thing. Cookie Settings/Do Not Sell My Personal Information. State law is unlikely to be much help either; many states set out rules for executors, but not for trustees. 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
We on this Board might think that adding the ESG language is not a change from that type of decision making process. Going through the highlights of the Penn State and State College news so you don't have to. Including a plethora of interpretations/viewpoints that would significantly restrict investment options in the Penn State Endowment for non-financial reasons. I dont believe that is accurate. But this stake is not very large given the states current financial distributions to the university. You'll have to report it on your annual income tax return, and pay tax on it. 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. Rudy Glocker, a Nittany Lion letterman on the ballot in the race, said [6] Note: The date in parentheses following each name below indicates the year in which the term will expire. 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. Trustees are not paid and the university reimburses their travel expenses, though some board members forgo that reimbursement, DuBois said. 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. Thats what causes my feelings of futility. Will you do your part today by making a contribution? SUPPORT THIS JOURNALISM and help us reinvigorate local news in north-central Pennsylvania at spotlightpa.org/statecollege. One searches in vain for public praise of Penn's payment of the TCJA tax. The expense reports show the trustees paid the Penn Stater more than $100,400 for Meals and Break Services during meetings there.