Penn State interim head football coach Tom Bradley, right, arrives for Penn State Board of Trustees - Wikipedia If we assign three board seats to the state, two to the faculty and one to the board for their use in filling a voice, we have a total of 30 trustees, and we hit our percentage goals above almost exactly. Youve been reading our work. www.gutenberg.org 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. She also served as Chair of the Penn State Board of Trustees from 2004-2007. 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. 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. The fine increases to $500 to $2,000 for subsequent offenses. All rights reserved (About Us). 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. University Trustees Are Often Clueless: Does It Matter? If you purchase a product or register for an account through one of the links on our site, we may receive compensation. 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. You have permission to edit this article. 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. Board of Trustees | Penn State University - Pennsylvania State University who are committed to accountability journalism that gets results. 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. 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. Your support enables us to continue to produce tough, unique reporting you wont find anywhere else. The law allows for fines ranging from $100 to $1,000, plus the cost of prosecution, for a first offense. our exclusive reporting, plus the most important news and events from 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.. Error! 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. Anytime you incorporate non-financial restrictions, and limit options, you are going to be operating in a sub-optimal fiscal manner. fees paid from the Penn State endowment to outside investment advisors had averaged $10 . Out of 710,381 eligible voters, 22,297 ballots were cast 105 of which were mail-in. This is commonly referred to as ESG, or Environmental, Social, and Governance investing. Members listed below as of May 31, 2022. 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. Valerie L. Detwiler (2022) Senior Vice President, Senior Commercial Banker, Lynn A. Dietrich (2023) Retired Professional Engineer (PE). Prophecies Fulfilled: The Qur'anic Arabs in the Early 600s 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. Spotlight PA is funded by foundations and readers like you who are committed to accountability and public-service journalism that gets results. 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. May 7, 2021 Old Main on Monday, March 15, 2021. For example, in May 2022, the board paid $10,858.54 for Barron video and Fleet.. 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? Now join thousands of your friends and neighbors in supporting it. How often are Penn States private planes flying during a budget crunch? Office of the Board of Trustees 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 current Ohio State salary average of $73,930 is 2.9 percent below the average benchmark salary of $76,160. Right now, we are not even close in fundraising. In 1999-00, Ohio State s average of $70,350 was 2.5 percent below the benchmark average of $72,130. The trustee's payment comes from the trust assets. When the video of the meeting is released I will post a link to it on my website. Fax: (814) 863-4631 [6] Note: The date in parentheses following each name below indicates the year in which the term will expire. Costs that are as much as double the costs incurred by many of our Big10 cohorts for similar projects, as I have discussed, Lubrano voted Nay earlier in the Finance Committee meeting. The group made local news last week after allowing its fraternities to register State Pattys weekend social events for the first time since 2011. The previous fiscal year, 2014-15, the trustee meetings cost nearly $406,000. Things are working, so whats the problem? Six years later, Penn States new administration appears to be easing those restrictions. In a statement, DuBois said the board is aware of meeting costs and has worked for years to save money. 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. The Role of the Board of Trustees vs. the Board of Directors - BoardEffect Conflict of Interest Disclosure and Certification Summary Report, Committee on Academic Affairs, Research, and Student Life [PUBLIC]. 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. *President, The Pennsylvania State University, Secretary, Department of Conservation and Natural Resources, Acting Secretary, Department of Education. The legislation comes amid growing public concern regarding oversight on Penn State's Board. Set a rate that's appropriate given the kind of work you're doing, and then keep careful track, in writing, of how many hours you spend on trust business. (State College) The Penn State Board of Trustees approved a salary increase for university employees on Thursday. First, they legally are the university, with major decision-making powers. The selection of an accounting and audit firm for Penn State. Spotlight PA is different. State law is unlikely to be much help either; many states set out rules for executors, but not for trustees. Penn students want voting rights on its board of trustees, like some 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. During the Sept. 22 governance committee meeting, David Kleppinger, a governor-appointed trustee, said the board supports university-operated services. Randolph Houston will also assume a two-year seat as the immediate past president of the Penn State Alumni Association, replacing Wagman. 2023Spotlight PA228 Walnut St., #11728Harrisburg, PA 17108-1728. So there we have all our criteria. In a statement, the university said it was disappointed in the IFCs decision. This article and all of our journalism are available to you at no cost thanks to our supporters. 4/30/21 4:05 am. First, who are the stakeholders? Board members serve as bridges between Penn's schools and centers and the community beyond campus boundaries. 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. our region. Do Not Sell or Share My Personal Information, real work that comes with serving as a trustee, Do Not Sell or Share My Personal Information. 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. University officials said they are exploring other ways to increase revenue, which typically comes from tuition and state appropriations. The university has raised $8 million for the project so far. 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 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. 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. PHILADELPHIA (AP) - Penn State's board of trustees is dominated by a few wealthy and well-connected insiders, demands permanent secrecy, silences dissent and is in dire need of reform,. 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. One searches in vain for public praise of Penn's payment of the TCJA tax. 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. In the alumni election, the distribution of votes per candidate was as follows: Additionally, Donald Cairns was elected and incumbent Chris Hoffman was reelected by the delegates of agricultural societies, Robert Fenza and Mary Lee Schneider were reelected as trustees representing business and industry, Julie Anna Potts was reelected as an at-large trustee and Nicholas Rowland was elected as the boards academic trustee. 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. Hazleton, Pennsylvania native Jim Bognet has been connected to Penn State his entire life. Spotlight PAs free weekly newsletter and get Sign up for Including a plethora of interpretations/viewpoints that would significantly restrict investment options in the Penn State Endowment for non-financial reasons. region. The memo argues the 2017 policies created culture shift, including an increase in grade-point averages among Greek life members and a drop in reports of misconduct. Piazza added that he believes the 2017 measures were a good start but did not go far enough. 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. Jim Piazza, Timothy Piazzas father, told Spotlight PA he was not informed that the rules were provisional. Community Rules apply to all content you upload or otherwise submit to this site. Penn State's Board of Trustees Invited This Speculation Ex-Penn State Trustee Decries Secrecy, Demands Reform Lodging was the second-highest category of spending for the board during the most recent cycle. For its July meeting at the universitys York campus, the board paid $17,800 on Reception/Dinner expenses. who are committed to accountability journalism that gets results. historical city of Montgomery, Alabama. (Closed on campus holidays), Conflict of Interest Disclosure and Certification Summary Report. Penn State's Board of Trustees elects, appoints incumbent trustees, new 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). How to calculate a reasonable fee is one questionwhether or not you should accept it is a wholly separate issue. (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. The attorney listings on this site are paid attorney advertising. 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. It is not detrimental to our program to do so. Quentin E. Wood, Retired Chairman of the Board and Chief Executive Officer, This page was last edited on 4 February 2023, at 07:49. His dad, brother, and sister all graduated from the university, along with at least 20 of his cousins. Spotlight PA is different. Penn States recent spending comes during a university-wide effort to tighten its belt and a recent tuition hike. Indiana University of Pennsylvania President Michael Driscoll was the top earner among the State System schools at $438,000. Approval of Subcommittee on Compensation Operating Guidelines. And because as trustee, you're in control of those assets, that means you're in charge of paying yourself. Sign up for our regional newsletter, Talk of the Town. Success! Who are the people most likely to do the right thing? Trustees are not paid and the university reimburses their travel expenses, though some board members forgo that reimbursement, DuBois said. In partnership with the president, the board seeks to advance the institution while acting in the best interests of the University community. Penn State trustees heard university's diversity plan in secret 2021 Otherwise, we will always be behind. 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. 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. There was a problem saving your notification. I am not a first generation college student but I do have siblings that are/have attended college. 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. I am a strong advocate for inclusion of Trustees on the PSIC. Rudy Glocker, a Nittany Lion letterman on the ballot in the race, said 201 Old Main 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. That said, we have many highly-qualified and experienced elected, voting members of the Board capable of taking on such a role. Having spent decades in nonprofit management, if the members of the governing board are engaged and motivated, the number is not a critical issue. Consider it just one more family responsibility, which you meet because it's the right thing to do, not because you're being paid for it. 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. Matthew W. Schuyler (2023) Chief Brand Officer. Bognet graduated in 1997 and went on to a career in business and politics, as he ran for a seat in Congress this past fall. Spotlight PAs free weekly newsletter and get our And I am quite sure, those types of considerations have taken place within Penn States investment management. Penn State trustee who chaired board in aftermath of Sandusky scandal With gratitude, This article and all of our journalism are available to you at no cost thanks to our supporters. They usually have or formerly had other careers and are happy to provide their expertise to a charitable organization. David R. Jones, Retired Assistant Managing Editor. They do, however, receive benefits such as paid travel and sports tickets. But the point was that I felt I was engaged and making reasonably good choices. Alvin de Levie and Steven Wagman were elected by university alumni as alumni trustees, and incumbent Brandon Short was reelected. DuBois said trustees use university-owned fleet vehicles and WPSU produced the video celebrating former university President Eric Barron, who retired in May. Janiyah Davis, student in Penn State's College of the Liberal Arts, was elected as a student trustee, a position she will hold for two years. Nolan is soiling them tor 12.60. But I am not an advocate for the prices we have paid for many of those projects. block. Its a situation that describes how I feel about the Penn State Board of Trustees. Join us virtually at the next meeting livestream. 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. Costs that are as much as double the costs incurred by many of our Big10 cohorts for similar projects, as I have discussed here. Our readers keep us independent, beholden to no outside influence, and accessible to everyone whether they can afford to pay for news, or not. University Park, PA 16802, Phone: (814) 865-2521 Because alumni and current students are the largest stakeholders, with the most to gain or lose from the universitys good or bad fortunes, lets have alumni and student-elected members comprise 80% of the board. 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. 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. 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. 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. Some trusts set out a flat or hourly fee for the trustee, but that's not too common. We on this Board might think that adding the ESG language is not a change from that type of decision making process. It was an email that I had expected because a week or two before that trustee campaign signs started popping up on the streets around Happy Valley. Penn State plans to drop fraternity, sorority oversight Thats what causes my feelings of futility. Though he was armed with a few sub-contract orders from the Tamil Nadu Electricity Board, he failed to obtain a business loan from any banks. 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. For the past six meetings, the trustees spent more than $75,000 total, or an average of roughly $12,500 per meeting. Interested to expand my network of PSU alums because all voices deserve to be heard, and all are . Receive all the latest news and events right to your inbox. 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%. Sign up for 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 for 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. Penn State declined to say whether the university still oversees misconduct investigations involving Greek life. 'A complete and utter mess:' College athletics in turmoil as model Edward B. I dont believe that is accurate. We have no billionaire owner or shareholders to consider. In fact, it is critical to the long-term health of our program that we do so.
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