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One member elected by the board as an at-large choice. Most trustees are entitled to payment for their work managing and distributing trust assetsjust like executors of wills. Editor in Chief. helping shape future decisions that can have a lasting impact on our students, faculty, staff, alumni, and community members. foundations and readers like you Vornado's Penn Station Development Plan Reaches Pivotal Point (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. 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. 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. Nicholas J. Rowland (2024) Professor of Sociology. So it is money thats going back to the university for those services.. With gratitude, 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. 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). Penn State Board of Trustees meetings: November 2021 - Substack 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. He was a member of the Penn State Board of Trustees, and served as both its president and vice president. who are committed to accountability journalism that gets results. The star. (Reynoldsville, Pa.) 1892-1946, March 12, 1902, Image 5 Amid budget crunch, Penn State trustees spent nearly $318,000 on meals six ((). SIAP: Penn State board of trustees subcommittee OKs $71K pay - On3 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. An email has been sent to with a link to confirm list signup. Rudy Glocker, a Nittany Lion letterman on the ballot in the race, said 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.. 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. 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 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. 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). For its July meeting at the universitys York campus, the board paid $17,800 on Reception/Dinner expenses. Penn State's Eric Barron third highest paid public university president In the last decade, however, this selection process has become an exercise in futility for me. 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. Right now, we are not even close in fundraising. Alvin de Levie and Steven Wagman were elected by university alumni as alumni trustees, and incumbent Brandon Short was reelected. In 1999-00, Ohio State s average of $70,350 was 2.5 percent below the benchmark average of $72,130. 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 fine increases to $500 to $2,000 for subsequent offenses. Sign up for If you're legally entitled to compensation, why not take it? Email: bot@psu.edu, Hours: 8:00 a.m. to 5:00 p.m. EST Jim Bognet Implores 'Return To Penn State's Legacy' In Trustee Campaign Board of Trustees Developing great leaders is something we take pride in and is a major component of our curriculum. They do, however, receive benefits such as paid travel and sports tickets. Share your thoughts with the board at an upcoming meeting. And because as trustee, you're in control of those assets, that means you're in charge of paying yourself. ). Trustees OSU salaries slip Piazza added that he believes the 2017 measures were a good start but did not go far enough. The trustees are unique in that they have two distinct advantages. Youve been reading our work. Furthermore, in Penn State University there were people in high place that know about Sandusky behavior and did nothing. . 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. Second, they are also individuals dependent on. Jim Piazza, Timothy Piazzas father, told Spotlight PA he was not informed that the rules were provisional. 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. Matthew W. Schuyler (2023) Chief Brand Officer. This story has been updated with additional comment from Penn State. Your contribution will help the Collegian provide award winning journalism to the Penn State community and beyond. 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. The expense reports show the trustees paid the Penn Stater more than $100,400 for Meals and Break Services during meetings there. Now lets translate that into action and create a new Board of Trustees! Edward B. Going through the highlights of the Penn State and State College news so you don't have to. (Action Item 7), [Amendments to the operating guidelines of the Boards subcommittee on compensation. 843 Words4 Pages. 'A complete and utter mess:' College athletics in turmoil as model The Penn State Board of Trustees met Friday, February 17th 2023 at the Penn Stater to vote on eight agenda action items. Insurance Rates Raised. How often are Penn States private planes flying during a budget crunch? 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). Lodging was the second-highest category of spending for the board during the most recent cycle. 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. Stay up to date on the boards activities and get involved. Your support enables us to continue to produce tough, unique reporting you wont find anywhere else. Among the planned upgrades are the . 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. [6] Note: The date in parentheses following each name below indicates the year in which the term will expire. This button displays the currently selected search type. 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. 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. Subscribe for free to receive new posts and support my work. And if it is, you do it no matter the cost.. 2022 Board of Trustees election results announced - Penn State 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. Board members serve as bridges between Penn's schools and centers and the community beyond campus boundaries. Christopher Baxter She is a senior studying digital and print journalism with a minor in creative writing through Schreyer Honors College. Penn State trustee who chaired board in aftermath of Sandusky scandal 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. For the Glory! Learn more about who members represent on the Elections page. 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 Sign up for The board's Subcommittee on Compensation said his salary got bumped . The memo says that university officials who enforce the 2017 rules will focus on coaching Greek leaders. Every day the university chugs along. But the point was that I felt I was engaged and making reasonably good choices. To do that I need to ask three questions: Who are the stakeholders of Penn State University? In some states, the information on this website may be considered a lawyer referral service. Enter the email address you signed up with and we'll email you a reset link. Everyone deserves access to the facts. In a statement, the university said it was disappointed in the IFCs decision. 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. Board membership is less stressful and time-consuming than earlier positions board members have taken on, while still offering an impressive income. Penn State's board of trustees does not plan to review Freeh report Cynthia Baldwin - Wikipedia Paterno, Lubrano and Pope to Seek Reelection to Penn State Board of Penn State Board of Trustees - Wikipedia 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. 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. 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). Lubrano also serves as the partial namesake for Penn State's campus baseball facility,. 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. It's hard to argue with taking payment for your time and effort. 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. University Trustees Are Often Clueless: Does It Matter? 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. 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. the success and advancement of the University. Serving on Penn State's Board of Trustees, elected by the alumni, since 2014. 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. Remy Maisel - Senior Content Marketing Manager - LinkedIn If you purchase a product or register for an account through one of the links on our site, we may receive compensation. 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. On this Wikipedia the language links are at the top of the page across from the article title. 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. For certain, those who advocate for ESG interpret that language as something very, very different. 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 law allows for fines ranging from $100 to $1,000, plus the cost of prosecution, for a first offense. The alumni trustees' report, co-signed by former trustees Anthony Lubrano and Ryan McCombie, and current board members Ted Brown, Barbara Doran, Robert Jubelirer, William Oldsey and Alice. Spotlight PAs free weekly newsletter and get our Amid budget crunch, Penn State trustees spent nearly $318,000 on meals 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. University Park Airport Reopens After Evacuation for Suspicious Item Found in Luggage, State Pattys Day: Reflection of Indiscretions. Editor in Chief. Several of these action items have further details; you can read the. Who are the people most likely to do the right thing? You'll probably also be in charge of determining the amount of your own compensation. You'll have to report it on your annual income tax return, and pay tax on it. 2023 Advance Local Media LLC. 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. region. The press. (Philadelphia [Pa.]) 1857-1880, October 01, 1857, Image 3 He had eight years left of that ten-year . Which is why, here, in The World According to Hook, I am proposing that the right thing is to change the membership of the Board of Trustees. 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. Proposed Authorization to Engage External Auditors (Action Item 1). There are, however, some circumstances in which you might want to choose to forgo compensation. Students are applying, getting accepted, being housed and fed, attending classes, participating in extracurricular activities and getting degrees. 201 Old Main Things are working, so whats the problem? The trustees, on the other hand, are the governance that sets the strategies and policies of Penn State. For example, in May 2022, the board paid $10,858.54 for Barron video and Fleet.. Fax: (814) 863-4631 I think the monitoring should be enhanced, he said. Spotlight PA relies on funding from They have some skin in the game, as it were, and their personal connection with the university can be affected by what happens to and at Penn State. Especially in tighter economic times, people should not be forced to choose between the essentials, and essential news. Interested to expand my network of PSU alums because all voices deserve to be heard, and all are . Last semester, the university recorded more than 30 violations of hazing, alcohol misuse, or sexual misconduct among IFC organizations. This may be one of those times when the old adage, Ignorance is bliss might be more conducive to a positive alumni mindset. . 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%. Penn students want voting rights on its board of trustees, like some other colleges. Penn States recent spending comes during a university-wide effort to tighten its belt and a recent tuition hike. Six years later, Penn States new administration appears to be easing those restrictions. Costs that are as much as double the costs incurred by many of our Big10 cohorts for similar projects, as I have discussed here. My comments from the Penn State Board of Trustees Meeting, February 17 2023 If you value this reporting, please give a gift today at University Park, PA 16802, Phone: (814) 865-2521 Other factors stem from emotions, not money. The board also paid $61,700 for Purchased University Services, though the reports offer limited details about those services. our exclusive reporting, plus the most important news and events from Second, who are the people most likely to do the right thing? 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. By participating in elections, attending meetings, and. For the past six meetings, the trustees spent more than $75,000 total, or an average of roughly $12,500 per meeting. Professors, administrators and staff are being hired, producing work, managing others, getting paid and retiring. The legislation comes amid growing public concern regarding oversight on Penn State's Board. The previous fiscal year, 2014-15, the trustee meetings cost nearly $406,000. I am not a first generation college student but I do have siblings that are/have attended college. 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. Approval of Subcommittee on Compensation Operating Guidelines. For the past six meetings, the trustees spent more than $75,000 total, or an average of roughly $12,500 per meeting. We need to have our eyes wide open as we consider this change, with regard to what it will mean long-term. Last year, USC's. 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. exclusive reporting, plus the most important news and events from our Trustees appointed by the Governor serve until their successors have been appointed and confirmed. Penn State's Patriarchal Pastimes By Jerry Sandusky | ipl.org 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. There was an error processing your request. 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 university declined to say whether any of the changes outlined in the November memo violate that agreement. Melewsky questioned why the. The Penn State Board of Trustees passed a motion to fund a renovation to the Lasch Building during their virtual meeting on Friday afternoon. The COVID-19 Operations Control Center at Penn State released its plans for coronavirus mitigation, which will be in effect during May and the. This article and all of our journalism are available to you at no cost thanks to our supporters. Megan Swift is the editor-in-chief of The Daily Collegian. [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 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 also paid $61,700 for Purchased University Services, though the reports offer limited details about those services. February 28, 2023. StateCollege.com provides local news, entertainment, and information for State College, PA. We offer the latest breaking news and videos straight from the Centre County region in Central PA. 220 Regent Court, Suite B, State College, PA 16801, Copyright 2000 document.getElementById('copyright').appendChild(document.createTextNode(new Date().getFullYear())) | StateCollege.com | All Rights Reserved | State College, PA Centre County Central Pennsylvania Home of Penn State University. historical city of Montgomery, Alabama. 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). Randolph Houston will also assume a two-year seat as the immediate past president of the Penn State Alumni Association, replacing Wagman. With gratitude, Junker joined Marine Bank in 1964. That is what the William Penn University Board of Trustees does. Baylor To Fire Coach Art Briles After 8 Seasons By Mark | ipl.org spotlightpa.org/donate. *President, The Pennsylvania State University, Secretary, Department of Conservation and Natural Resources, Acting Secretary, Department of Education. Spotlight PA is funded by foundations and readers like you who are committed to accountability and public-service journalism that gets results. But I know we can be and have been in the past. Spotlight PA relies on funding from 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. 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. Penn State Nittany Lions -- Joe Paterno did business with leaders of Some trusts set out a flat or hourly fee for the trustee, but that's not too common. Some trusts set out a flat or hourly fee for the trustee, but that's not too common. 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. 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 trustee's payment comes from the trust assets. 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. 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.