do penn state board of trustees get paid

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. The previous fiscal year, 2014-15, the trustee meetings cost nearly $406,000. Your engagement with the board is critical and necessary to supporting the success and advancement of the University. Among the planned upgrades are the . (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. In 2015, the university suspended a fraternity for violations that included members posting pictures of nude women, who were possibly unconscious, on a private Facebook page. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. A little over a week ago, my annual email from the Penn State Board of Trustees appeared in my inbox, requesting that I cast my ballot for alumni-elected members to the board. Jim Piazza, Timothy Piazzas father, told Spotlight PA he was not informed that the rules were provisional. When the video of the meeting is released I will post a link to it on my website, https://barryfenchak4trustee.com. who are committed to accountability journalism that gets results. President Neeli Bendapudi also implemented a sweeping 3% budget cut. For example, 10 years ago a manager considering an investment in TESLA would certainly, if looking solely at their financial statements, not make such an investment (TESLAs financial positions at that time were awful, compared to its peers). exclusive reporting, plus the most important news and events from our Trustees spent around $318,000 on expenses like food and lodging during meetings for its 38 board . Copywriters are not paid to write. I dont believe that is accurate. Melewsky questioned why the. Lodging was the second-highest category of spending for the board during the most recent cycle. Will you do your part today by making a contribution? Second, who are the people most likely to do the right thing? 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. 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 . 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. The information provided on this site is not legal advice, does not constitute a lawyer referral service, and no attorney-client or confidential relationship is or will be formed by use of the site. ], Proposed Annual Applications, Renewals and Other Filings Required by the Pennsylvania Liquor Control Board. 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. ), 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 material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. Trustees are not paid and the university reimburses their travel expenses, though some board members forgo that reimbursement, DuBois said. This leads us to the question of how many total Trustees should Penn State have? Everyone deserves access to the facts. Serving on Penn State's Board of Trustees, elected by the alumni, since 2014. He was a member of the Penn State Board of Trustees, and served as both its president and vice president. Professors, administrators and staff are being hired, producing work, managing others, getting paid and retiring. The Project Gutenberg eBook of Historic Jamaica, by Frank Cundall This eBook is for the use of anyone anywhere in the United States and most other parts of the world at no cost an 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. 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. Interested to expand my network of PSU alums because all voices deserve to be heard, and all are . The Penn State Board of Trustees is the 38-member[1] governing body for The Pennsylvania State University. Barron, who's set to retire in June, will now receive an annual salary of $876,612 about $21,000 more than last year. 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. historical city of Montgomery, Alabama. Members listed below as of May 31, 2022. 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. Spotlight PA is different. So it is money thats going back to the university for those services.. This is something that is never discussed, especially when Penn State Trustees lament over lack of State funding for the University. ], This site requires JavaScript to run correctly. Penn State recorded 45 violations among IFC organizations during the spring 2017 semester. 9/17/21 4:10 pm. 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. Receive all the latest news and events right to your inbox. 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. Dan Greenstein, the new State System chancellor, who began working. 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. 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. Julie Anna Potts (2024) President and CEO. During the Sept. 22 governance committee meeting, David Kleppinger, a governor-appointed trustee, said the board supports university-operated services. [This is to replace Deloitte, our previous accounting and auditing firm. Trustees are usually not paid for their duties, but they sometimes are. Hundreds of Penn State faculty are publicly and privately questioning university leadership. 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. We must be able to finance projects like this through philanthropyjust as Ohio State, Michigan, and others do. The struggle continued for three long years and finally in 2012 a newly established IOB bank close to his business unit lent him INR 24,000 which he successfully repaid. 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. Quentin E. Wood, Retired Chairman of the Board and Chief Executive Officer, This page was last edited on 4 February 2023, at 07:49. our exclusive reporting, plus the most important news and events from The Penn State Board of Trustees met Friday, February 17th 2023 at the Penn Stater to vote on eight agenda action items. William Schreyer -- a Penn State trustee whose daughter is a longtime board member of The Second . He rose through successive management positions before being named president in 1974 and CEO in 1983. 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. You'll probably also be in charge of determining the amount of your own compensation. region. 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. 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. Join us virtually at the next meeting livestream. 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. 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. An increase in tuition rates for students will also take effect.. A 2% general . 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. Penn States recent spending comes during a university-wide effort to tighten its belt and a recent tuition hike. Every day the university chugs along. 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. But considering a more robust set of factors, including the consideration that TESLA might become a future market leader in a rapidly growing business, or that TESLAs leadership team had a strong track record of successful innovation a prudent investment manager might very well have made that investment. Alvin de Levie and Steven Wagman were elected by university alumni as alumni trustees, and incumbent Brandon Short was reelected. 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. 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. . 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. All rights reserved (About Us). Trustees appointed by the Governor serve until their successors have been appointed and confirmed. Next, the citizens of Pennsylvania and the commonwealth itself have some stake in the university since the name Pennsylvania State University implies a connection. Penn State currently recognizes more than 60 Greek-letter organizations, grouped under four governing councils, and lists eight suspended fraternities on its website. 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. This will provide the best opportunity for the university to be responsive to the desires of its lifeblood those who are and were educated by Penn State. 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. 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. In partnership with the president, the board seeks to advance the institution while acting in the best interests of the University community. 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. Lubrano also serves as the partial namesake for Penn State's campus baseball facility,. I find it neither necessary nor prudent to have one of those important positions taken by a non-voting emeriti Trustee. 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. Lubrano and Company, Inc. William F. Oldsey (2022) Independent Consultant/Educational Publishing. She is a senior studying digital and print journalism with a minor in creative writing through Schreyer Honors College. 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. The University's Official News Source. Having spent decades in nonprofit management, if the members of the governing board are engaged and motivated, the number is not a critical issue. SUPPORT THIS JOURNALISM and help us reinvigorate local news in north-central Pennsylvania at spotlightpa.org/statecollege. Conflict of Interest Disclosure and Certification Summary Report, Committee on Academic Affairs, Research, and Student Life [PUBLIC]. Thats what causes my feelings of futility. Sign up for 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. block. . Who are the people most likely to do the right thing? The Penn State Board of Trustees met Friday, February 17th 2023 at the Penn Stater to vote on eight agenda action items. 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. In July, the board voted to raise tuition by 5%-6% to help increase revenue. 4/30/21 4:05 am. It will be necessary to increase room and board charges effective with the 2023 Fall Semester due to increasing operating and facility maintenance costs (Action Item 4), [This proposed increase of 3.56% (1.78% increase at Commonwealth Campuses) brings the total compounded cost increase for the last 10 years to 39.12%. When expanded it provides a list of search options that will switch the search inputs to match the current selection. In some states, the information on this website may be considered a lawyer referral service. To someone like myself, who works in the investment management field, considering other factors aside from pure financials is common and prudent. For example, in May 2022, the board paid $10,858.54 for Barron video and Fleet.. 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. Nolan is soiling them tor 12.60. In recent years, these requests for taxpayer dollars have averaged over $500 million per year, over and above the "General Appropriation". He was a member, former chair, and current board member of the Penn State Behrend Council of Fellows.

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