Your contribution will help the Collegian provide award winning journalism to the Penn State community and beyond. Get weekend previews and weekend recaps from The Daily Collegian Sports staff sent to your inbox. Then third, how do we define what the right thing is for Penn State? We have no billionaire owner or shareholders to consider. our exclusive reporting, plus the most important news and events from 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. 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. During its May 7 meeting, the Penn State Board of Trustee's Committee on Governance and Long. Whereas management is concerned with doing things right, governance is concerned with doing the right thing.. And I am quite sure, those types of considerations have taken place within Penn States investment management. Robert M. Frey, Attorney-at-Law, Frey & Tiley, P.C. 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. I hope you appreciated this article. 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 With gratitude, 2023 Advance Local Media LLC. spotlightpa.org/donate. 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. They usually have or formerly had other careers and are happy to provide their expertise to a charitable organization. Sign up today! 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. 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. In a statement, DuBois said the board is aware of meeting costs and has worked for years to save money. Let us know what's going on! Your support enables us to continue to produce tough, unique reporting you wont find anywhere else. 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. Lodging was the second-highest category of spending for the board during the most recent cycle. Furthermore, in Penn State University there were people in high place that know about Sandusky behavior and did nothing. In that case, lets use the ratio of alumni and student members to provide us with an answer here. SUPPORT THIS JOURNALISM and help us reinvigorate local news in north-central Pennsylvania at spotlightpa.org/statecollege. The board also paid $61,700 for "Purchased University Services," though. Insurance Rates Raised. 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. Piazza added that he believes the 2017 measures were a good start but did not go far enough. Students are applying, getting accepted, being housed and fed, attending classes, participating in extracurricular activities and getting degrees. Penn States recent spending comes during a university-wide effort to tighten its belt and a recent tuition hike. 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. Anytime you incorporate non-financial restrictions, and limit options, you are going to be operating in a sub-optimal fiscal manner. 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. The press. But we have fallen well short of the mark in the last decade. 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. Spotlight PAs free weekly newsletter and get 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. Donate to the Collegian by clicking the button below. The university, in creating the new compliance model in 2017, cited research that Greek life members were more likely to be heavy drinkers than the general student population and fraternity members were more likely to commit sexual assault then their peers in the general student population. Anthony P. Lubrano (2023) President, A.P. Share feedback on issues related to the Boards responsibility for governing and stewarding the University using an anonymous feedback form. And if it is, you do it no matter the cost.. Last semester, the university recorded more than 30 violations of hazing, alcohol misuse, or sexual misconduct among IFC organizations. One searches in vain for public praise of Penn's payment of the TCJA tax. The planned renovation will cost $48.3 million, which is to be paid through private gifts and borrowing. The Penn State Board of Trustees met Friday, February 17th 2023 at the Penn Stater to vote on eight agenda action items. President Neeli Bendapudi also implemented a sweeping 3% budget cut. 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. 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. The board's Subcommittee on Compensation said his salary got bumped . ). A committee of the Board of Trustees, including many of its most influential leaders, has also come under scrutiny for regularly holding private meetings that potentially violate Pennsylvanias transparency law. The Penn State Board of Trustees met Friday, February 17th 2023 at the Penn Stater to vote on eight agenda action items. With gratitude, 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 Penn State Board of Trustees is the 38-member[1] governing body for The Pennsylvania State University. There were 1,068 write-in ballots. Obviously the alumni, and current students by virtue of their pending alumni status, are the largest stakeholders. Who the stakeholders are, who will do the right thing, and what is the right thing. Approval of Subcommittee on Compensation Operating Guidelines. This is the story of her high-wire act. In the World According to Hook, the easiest definition is those things that further the purpose of the university. Also, the Philadelphia mayor and school board effusively praised the "historic gift" of the university. 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. helping shape future decisions that can have a lasting impact on our students, faculty, staff, alumni, and community members. And because as trustee, you're in control of those assets, that means you're in charge of paying yourself. 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 structure of Penn State's 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. This is something that is never discussed, especially when Penn State Trustees lament over lack of State funding for the University. Julie Anna Potts (2024) President and CEO. Proposed Authorization to Engage External Auditors (Action Item 1). Sign up for 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. Because Microsoft is able to track error messages and other dysfunctions on its products in real-time, they, in most cases, get instantaneous feedback on their products. For the past six meetings, the trustees spent more than $75,000 total, or an average of roughly $12,500 per meeting. Error! ], Proposed Naming of the Building Located at 2137 Research Drive, State College in CATO Park to the Lidia Manson Building CATO Park (Action Item 2), Proposed Authorization to Expend Funds, ICA Facility Investments, University Park (Action Item 3), [Approval of $7.5 Million Intercollegiate Athletics (ICA) spending, financed via debt, to add a video board, sound system, and other ancillary items to the football practice fields.]. Penn students want voting rights on its board of trustees, like some other colleges. Community Rules apply to all content you upload or otherwise submit to this site. Randolph Houston will also assume a two-year seat as the immediate past president of the Penn State Alumni Association, replacing Wagman. Copywriters are not paid to write. There is always one very straightforward financial consideration: a trustee's compensation is taxable income. 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. 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. 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. Thats what causes my feelings of futility. The selection of an accounting and audit firm for Penn State. For the past six meetings, the trustees spent more than $75,000 total, or an average of roughly $12,500 per meeting. Two members selected by the faculty and staff. You do not seek power or popularity. Many trustees do, and it's certainly appropriate to be paid for the real work that comes with serving as a trustee. SUMMARY OF THE BUDGET PLAN. 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. 201 Old Main 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. The Penn State Board of Trustees passed a motion to fund a renovation to the Lasch Building during their virtual meeting on Friday afternoon. 80% of consumers turn to directories with reviews to find a local business. 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. 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). Their payments in lieu of taxes are being funneled into a Hudson Yards fund over 35 years to fund bonds that paid for the $2 billion extension of the No. But that is not what ESG investing is. To do that I need to ask three questions: Who are the stakeholders of Penn State University? This is commonly referred to as ESG, or Environmental, Social, and Governance investing. President Neeli Bendapudi also implemented a sweeping 3% budget cut. 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. Spotlight PAs free weekly newsletter and get our foundations and readers like you While its common for boards to cover the cost of doing business, details of the spending come as the university raises tuition and slashes spending to overcome a $127 million budget deficit. 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. Learn more about who members represent on the Elections page. Please reference the Terms of Use and the Supplemental Terms for specific information related to your state. [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. STATE COLLEGE (MCT) - Two candidates for Penn State board of trustees in the crowded field have dropped out of the race. Nicholas J. Rowland (2024) Professor of Sociology. 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 Indiana University of Pennsylvania President Michael Driscoll was the top earner among the State System schools at $438,000. So there we have all our criteria. The expense reports show the trustees paid the Penn Stater more than $100,400 for Meals and Break Services during meetings there. Hazleton, Pennsylvania native Jim Bognet has been connected to Penn State his entire life. Share your thoughts with the board at an upcoming meeting. 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. The Board of Trustees will be asked to consider and approve Penn State's operating budget on July 15, 2021. More Local News to Love Start today for 50% off Expires 3/6/23, creation of a new vice president position, regularly holding private meetings that potentially violate Pennsylvanias transparency law. (Closed on campus holidays). It's . Sign up for I encourage you to watch it in its entirety. Second, who are the people most likely to do the right thing? Your support enables us to continue to produce tough, unique reporting you wont find anywhere else. If you value this reporting, please give a gift today at Hello everyone, I am Taylar Tunstall, a second year biology major, chemistry minor from the. 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. University officials said they are exploring other ways to increase revenue, which typically comes from tuition and state appropriations. Now join thousands of your friends and neighbors in supporting it. Please, The Penn State Board of Trustees met Friday, February 17th 2023 at the Penn Stater to vote on eight agenda action items. the success and advancement of the University. How often are Penn States private planes flying during a budget crunch? Who are the people most likely to do the right thing? Cookie Settings/Do Not Sell My Personal Information. Sent every Friday and Monday. The IFC is an independent organization overseeing fraternities at Penn State that are part of the North-American Interfraternity Conference. The average Board Member salary in Texas is $72,974 as of January 26, 2023, but the range typically falls between $56,258 and $90,123. The university described Spotlight PAs story as speculative. (Read the full exchange here.). The board also paid $61,700 for Purchased University Services, though the reports offer limited details about those services. 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. 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. Your engagement with the board is critical and necessary to supporting the success and advancement of the University. 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. In 1999-00, Ohio State s average of $70,350 was 2.5 percent below the benchmark average of $72,130. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. Penn State agreed to tighten some of its Greek life rules as part of its settlement with the Piazza family. Mycommitment is to continue to work with each of you to ensure our focus, as a board, remains on strategic matters such as affordability, financial management, innovation, the future of higher education and ensuring Penn State is an inclusive environment for all., Your engagement with the board is critical and necessary to support. spotlightpa.org/donate. 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. 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. [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]. I am not a first generation college student but I do have siblings that are/have attended college. our exclusive reporting, plus the most important news and events from 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? 2023Spotlight PA228 Walnut St., #11728Harrisburg, PA 17108-1728. For this reason I voted NO on approving this project at this time. But I am not an advocate for the prices we have paid for many of those projects. If you're interested in submitting a Letter to the Editor, click here. Penn State's Board of Trustees elected or appointed six incumbent trustees and five new members during its meeting Friday. Editor in Chief. They do, however, receive benefits such as paid travel and sports tickets. (State College) The Penn State Board of Trustees approved a salary increase for university employees on Thursday. 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. M. Abraham Harpster (2022) Co-Owner, Evergreen Farms, Inc. Chris R. Hoffman (2024) Vice President, Pennsylvania Farm Bureau, Mark H. Dambly (2023) President, Pennrose Properties, LLC. I think the monitoring should be enhanced, he said. Editor in Chief. More perhaps than any man I know? The previous fiscal year, 2014-15, the trustee meetings cost nearly $406,000. For example, in May 2022, the board paid $10,858.54 for Barron video and Fleet.. The University of Pennsylvania's board of trustees is led by a New York City investment banker, one of many . University Park Airport Reopens After Evacuation for Suspicious Item Found in Luggage, State Pattys Day: Reflection of Indiscretions. In the last decade, however, this selection process has become an exercise in futility for me. Story by Wyatt Massey of Spotlight PA State College. our region. 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. In an internal memo obtained by Spotlight PA, the university declares it is time to recalibrate the relationships involved so the pendulum moves toward chapter self-governance, and away from University monitoring and intervention., According to the document, Penn State plans to end the regular monitoring of chapter houses, allow first-semester recruitment, and help Greek organizations that want to reestablish themselves at the university. Thanks for reading Barry Fenchak For Penn State Trustee! Our journalism is produced to serve the public interest not profit motives. 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. In July, the board voted to raise tuition by 5%-6% to help increase revenue. 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. [3], The main responsibilities of the board are to select the president of Penn State, to determine the goals and strategic direction of the University, and to approve the annual budget. 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 group made local news last week after allowing its fraternities to register State Pattys weekend social events for the first time since 2011. Otherwise, we will always be behind. Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement, Privacy Policy and Cookie Statement, and Your Privacy Choices and Rights (each updated 1/26/2023). The board also paid $61,700 for "Purchased University Services," though the reports offer limited details about those services. 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. But I know we can be and have been in the past. Eric Hagarty, Acting Secretary, Department of Education, Abraham Amors (2024) Director of Operations, PA Municipal League, Daniel J. Delligatti (2023) President and Owner/Operator, M&J Management Corporation, J. Alex Hartzler (2022) Managing Partner & Founder, WCI Partners, LP, David M. Kleppinger (2022) Chairman Emeritus, McNees Wallace and Nurick, LLC (, Stanley I. Rapp (2023) Partner, Greenlee Partners, LLC, Governor's Non-Voting Representative: William S. Shipley, III, Chairman, Shipley Group. 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. Copyright 2023 MH Sub I, LLC dba Nolo Self-help services may not be permitted in all states. Penn States Lion Ambassadors were accused of hazing. Typically, either the trust document or state law says that trustees can be paid a "reasonable" amount for their work. University Park, PA 16802, Phone: (814) 865-2521 Learn more about addressing the board and how to sign up. 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. Board members serve as bridges between Penn's schools and centers and the community beyond campus boundaries. Previously, independent Greek-letter councils oversaw misconduct investigations. 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. 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. I find it neither necessary nor prudent to have one of those important positions taken by a non-voting emeriti Trustee. He was a member of the Penn State Board of Trustees, and served as both its president and vice president. In building the proposed 2021-22 Operating Budget, Penn State has placed the highest priority on keeping tuition affordable while continuing to provide a high-quality educational experience to students. Among the planned upgrades are the . We on this Board might think that adding the ESG language is not a change from that type of decision making process.
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