Will you do your part today by making a contribution? Whereas management is concerned with doing things right, governance is concerned with doing the right thing.. who are committed to accountability journalism that gets results. For the past six meetings, the trustees spent more than $75,000 total, or an average of roughly $12,500 per meeting. We have no billionaire owner or shareholders to consider. 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. William Schreyer -- a Penn State trustee whose daughter is a longtime board member of The Second . For its July meeting at the universitys York campus, the board paid $17,800 on Reception/Dinner expenses. The structure of Penn States 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 I am usually able to recite its makeup without any reference material. the success and advancement of the University. Retired Associate Professor, Department of Psychology,St. Check upcoming meeting dates or watch a recording of a previous meeting to find out what you missed. He rose through successive management positions before being named president in 1974 and CEO in 1983. Get weekend previews and weekend recaps from The Daily Collegian Sports staff sent to your inbox. Anytime you incorporate non-financial restrictions, and limit options, you are going to be operating in a sub-optimal fiscal manner. Alice W. Pope (2023) Retired Associate Professor, Department of Psychology, Brandon D. Short (2024) Executive Director and Portfolio Manager, PGIM Real Estate. As Penn State's governing body, the Board of Trustees takes a holistic approach to guiding goals, policies, and procedures as well as reviewing and approving University budgets. Sign up for The board's Subcommittee on Compensation said his salary got bumped . I think this is a great starting point in our quest for people who will do the right thing for Penn State. 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. Typically, either the trust document or state law says that trustees can be paid a "reasonable" amount for their work. And I think the university is still not aggressive enough in going after the groups or the individuals that break the rules.. Also, the Philadelphia mayor and school board effusively praised the "historic gift" of the university. 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. The previous fiscal year, 2014-15, the trustee meetings cost nearly $406,000. The university declined to say whether any of the changes outlined in the November memo violate that agreement. 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). Julie Anna Potts (2024) President and CEO. This story has been updated with additional comment from Penn State. Outgoing Penn State President Eric Barron unanimously received a 2.5% raise from the university's Board of Trustees Friday afternoon. DuBois said trustees use university-owned fleet vehicles and WPSU produced the video celebrating former university President Eric Barron, who retired in May. The press. I think they were all deemed to be permanent for the benefit and safety of the students.. 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. All rights reserved (About Us). (State College) The Penn State Board of Trustees approved a salary increase for university employees on Thursday. Members listed below as of May 31, 2022. The Penn State Board of Trustees met Friday, February 17th 2023 at the Penn Stater to vote on eight agenda action items. 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. 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). I think the monitoring should be enhanced, he said. There was a problem saving your notification. Enter the email address you signed up with and we'll email you a reset link. A Penn State trustee who led the board after the Jerry Sandusky scandal will be stepping down next week. 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. In partnership with the president, the board seeks to advance the institution while acting in the best interests of the University community. They usually have or formerly had other careers and are happy to provide their expertise to a charitable organization. Melewsky questioned why the. University Park, PA 16802, Phone: (814) 865-2521 The group made local news last week after allowing its fraternities to register State Pattys weekend social events for the first time since 2011. exclusive reporting, plus the most important news and events from our If you're legally entitled to compensation, why not take it? Sign up for our regional newsletter, Talk of the Town. Last semester, the university recorded more than 30 violations of hazing, alcohol misuse, or sexual misconduct among IFC organizations. Spotlight PA is funded by foundations and readers like you who are committed to accountability and public-service journalism that gets results. 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. Copywriters are not paid to write. Who the stakeholders are, who will do the right thing, and what is the right thing. And I am quite sure, those types of considerations have taken place within Penn States investment management. The Penn State Board of Trustees passed a motion to fund a renovation to the Lasch Building during their virtual meeting on Friday afternoon. Sign up for Alvin de Levie and Steven Wagman were elected by university alumni as alumni trustees, and incumbent Brandon Short was reelected. Penn States new president led a Kentucky university through crises. Donate to the Collegian by clicking the button below. Chairman Keith Masser sent an email to trustees around 8 p.m. Friday announcing that Karen P We on this Board might think that adding the ESG language is not a change from that type of decision making process. Penn State's Board of Trustees elected or appointed six incumbent trustees and five new members during its meeting Friday. 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. How to calculate a reasonable fee is one questionwhether or not you should accept it is a wholly separate issue. Second, they are also individuals dependent on. Director of Operations,PA Municipal League. David R. Jones, Retired Assistant Managing Editor. Email notifications are only sent once a day, and only if there are new matching items. Interested to expand my network of PSU alums because all voices deserve to be heard, and all are . When expanded it provides a list of search options that will switch the search inputs to match the current selection. So there we have all our criteria. First, who are the stakeholders? our exclusive reporting, plus the most important news and events from our region. 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. If you're interested in submitting a Letter to the Editor, click here. University Park, PA 16802, Phone: (814) 865-2521 Now lets translate that into action and create a new Board of Trustees! For its July meeting at the universitys York campus, the board paid $17,800 on Reception/Dinner expenses. ], Proposed Annual Applications, Renewals and Other Filings Required by the Pennsylvania Liquor Control Board. Quentin E. Wood, Retired Chairman of the Board and Chief Executive Officer, This page was last edited on 4 February 2023, at 07:49. Missouri, which said deed of trust was given to secure tha payment of one principal promissory . Sent every Thursday. (Closed on campus holidays). In July, the board voted to raise tuition by 5%-6% to help increase revenue. We have no billionaire owner or shareholders to consider. Our readers keep us independent, beholden to no outside influence, and accessible to everyone whether they can afford to pay for news, or not. Going through the highlights of the Penn State and State College news so you don't have to. Proposed Authorization to Engage External Auditors (Action Item 1). (Closed on campus holidays), Conflict of Interest Disclosure and Certification Summary Report. Penn State Greek Life has faced multiple scandals and allegations of misconduct, including the death of a freshman in 2009. In that capacity, she became involved in the Jerry Sandusky scandal. He was a member of the Penn State Board of Trustees, and served as both its president and vice president. 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. spotlightpa.org/donate. 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. Thats what causes my feelings of futility. Participate in upcoming trustee elections and learn more about the candidates. This article and all of our journalism are available to you at no cost thanks to our supporters. I encourage you to watch it in its entirety. Megan Swift is the editor-in-chief of The Daily Collegian. Previously, independent Greek-letter councils oversaw misconduct investigations. Success! Nolan is soiling them tor 12.60. In January 2010, she was recruited to come to Penn State as the University's first general counsel, establish the Office of General Counsel and assist in recruiting a permanent general counsel. 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. STATE COLLEGE Penn State is quietly planning to roll back its oversight of fraternities and sororities, policies the university championed in 2017 following the hazing death of a student. 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. Cookie Settings/Do Not Sell My Personal Information. At least mine. 4/30/21 4:05 am. Spotlight PA relies on funding from Everyone deserves access to the facts. Things are working, so whats the problem? Penn State's Board of Trustees elected or appointed six incumbent trustees and five new members during its meeting Friday. 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. 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. Many on the Board seem to think it does not indicate any change at all to the existing investment policy. To do that I need to ask three questions: Who are the stakeholders of Penn State University? But Penn State's Board of Trustees didn't help the process, and even might have invited this latest round of speculation, by debating $48.3 million in football upgrades before approving the. 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 law allows for fines ranging from $100 to $1,000, plus the cost of prosecution, for a first offense. Especially in tighter economic times, people should not be forced to choose between the essentials, and essential news. I am a strong advocate for inclusion of Trustees on the PSIC. Every day the university chugs along. Photo by Michael Tauriello | Onward State. The IFC is an independent organization overseeing fraternities at Penn State that are part of the North-American Interfraternity Conference. six ((). Some trusts set out a flat or hourly fee for the trustee, but that's not too common. During the Sept. 22 governance committee meeting, David Kleppinger, a governor-appointed trustee, said the board supports university-operated services. 7 train, local . But I am not an advocate for the prices we have paid for many of those projects. 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. 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. Stay up to date on the boards activities and get involved. fees paid from the Penn State endowment to outside investment advisors had averaged $10 . Hazleton, Pennsylvania native Jim Bognet has been connected to Penn State his entire life. That said, we have many highly-qualified and experienced elected, voting members of the Board capable of taking on such a role. 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. In that case, lets use the ratio of alumni and student members to provide us with an answer here. 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). helping shape future decisions that can have a lasting impact on our students, faculty, staff, alumni, and community members. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. Spotlight PA is funded by foundations and readers like you who are committed to accountability and public-service journalism that gets results. 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. You'll probably also be in charge of determining the amount of your own compensation. I encourage you to watch it in its entirety. The non-trustee members of all other bodies, boards of advisors and other boards and formed by the Trustees, with the exception of the Investment Board and the Penn Medicine Board and Penn Medicine Executive Committee, shall be nominated by the Chair of the Trustees and the President and elected by the Trustees for terms of three years unless . 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. 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. In July, the board voted to raise tuition by 5%-6% to help increase revenue. Your support enables us to continue to produce tough, unique reporting you wont find anywhere else. Error! He was a member, former chair, and current board member of the Penn State Behrend Council of Fellows. The board also paid $61,700 for Purchased University Services, though the reports offer limited details about those services. ]. Spotlight PAs free weekly newsletter and get our Matthew W. Schuyler (2023) Chief Brand Officer. Join us virtually at the next meeting livestream. 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. In 1999-00, Ohio State s average of $70,350 was 2.5 percent below the benchmark average of $72,130. In the World According to Hook, the easiest definition is those things that further the purpose of the university. This article and all of our journalism are available to you at no cost thanks to our supporters. 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. Otherwise, we will always be behind. Less than a month after increasing tuition, a Penn State executive is set to receive roughly a $71,000 annual raise which still brings her salary to less than that of her predecessor after. To someone like myself, who works in the investment management field, considering other factors aside from pure financials is common and prudent. 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. In 2018, Pennsylvania enacted the Timothy J. Piazza Antihazing Law, which created stricter penalties for hazing and required universities to report hazing violations. In 1998-99, Ohio State s average faculty salary was $66,890, which was 1.9 percent below the benchmark average of $68,170. Leaders of the Interfraternity Council did not respond to multiple Spotlight PA requests for comment. 201 Old Main 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. An increase in tuition rates for students will also take effect.. A 2% general . 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. Furthermore, in Penn State University there were people in high place that know about Sandusky behavior and did nothing. . Next, the citizens of Pennsylvania and the commonwealth itself have some stake in the university since the name Pennsylvania State University implies a connection. 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. The fine increases to $500 to $2,000 for subsequent offenses. Last year, USC's. 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. . Who are the people most likely to do the right thing? Sign up for our regional newsletter, Talk of the Town. At the time, Penn State said Greek lifes self-governance model had failed to bring an end to excessive drinking, hazing, sexual assault and overly large disruptive gatherings within their organizations.. The board also paid $61,700 for "Purchased University Services," though the reports offer limited details about those services. In the last decade, however, this selection process has become an exercise in futility for me. 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. 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 Sign up for our regional newsletter, Talk of the Town. 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. Penn State distances itself from past diversity proposals while launching similar efforts, Penn State trustees heard universitys diversity plan in secret 2021 gathering. The trustees, on the other hand, are the governance that sets the strategies and policies of Penn State. President Neeli Bendapudi also implemented a sweeping 3% budget cut. . 2023Spotlight PA228 Walnut St., #11728Harrisburg, PA 17108-1728. How often are Penn States private planes flying during a budget crunch? Obviously the alumni, and current students by virtue of their pending alumni status, are the largest stakeholders.