Having spent decades in nonprofit management, if the members of the governing board are engaged and motivated, the number is not a critical issue. You do not seek power or popularity. If you value this reporting, please give a gift today at 4/30/21 4:05 am. Proposed Changes in Room and Board Charges for 2023-24 Academic Year. 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. Our journalism is produced to serve the public interest not profit motives. helping shape future decisions that can have a lasting impact on our students, faculty, staff, alumni, and community members. spotlightpa.org/donate. 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. Otherwise, we will always be behind. In partnership with the president, the board seeks to advance the institution while acting in the best interests of the University community. In the last decade, however, this selection process has become an exercise in futility for me. 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. Sign up for In 2015, the university suspended a fraternity for violations that included members posting pictures of nude women, who were possibly unconscious, on a private Facebook page. I think they were all deemed to be permanent for the benefit and safety of the students.. For example, the largest university in the state by budget the University of Pennsylvania, whose $12.7 billion total operating budget and $3.7 billion academic operating budget exceed Penn States $7.7 billion and $2.7 billion respectively has over 50 members on their Board of Trustees. And because the living alumni to student ratio is about 7:1, that will be the ratio of the elected members from these constituencies. Serving on Penn State's Board of Trustees, elected by the alumni, since 2014. Since the university is an instrumentality of the Commonwealth of Pennsylvania, providing the essential government function of higher education, and receives 4.2% of its total operating budget and 11.1% of its general funds budget from the states appropriation, we should allocate 10% of the board seats to members chosen by the state in whatever manner the state chooses. our region. Community Rules apply to all content you upload or otherwise submit to this site. Well, the above functions are the result of management. 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. Everyone deserves access to the facts. Email notifications are only sent once a day, and only if there are new matching items. exclusive reporting, plus the most important news and events from our The previous fiscal year, 2014-15, the trustee meetings cost nearly $406,000. Story by Wyatt Massey of Spotlight PA State College. One searches in vain for public praise of Penn's payment of the TCJA tax. Especially in tighter economic times, people should not be forced to choose between the essentials, and essential news. Penn State trustees ratify request for major boost in state aid, Penn State trustees approve beer sales to general fan base during home football games. Your contribution will help the Collegian provide award winning journalism to the Penn State community and beyond. Many trustees do, and it's certainly appropriate to be paid for the real work that comes with serving as a trustee. This is commonly referred to as ESG, or Environmental, Social, and Governance investing. The Penn State Board of Trustees is the 38-member [1] governing body for The Pennsylvania State University. Going through the highlights of the Penn State and State College news so you don't have to. 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. Christopher Baxter I was the teaching assistant for COMM 409: News Media Ethics - one of the only undergraduate teaching assistants at Penn State. University Park, PA 16802, Phone: (814) 865-2521 Lubrano and Company, Inc. William F. Oldsey (2022) Independent Consultant/Educational Publishing. 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. So it is money thats going back to the university for those services.. 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. region. There are, however, some circumstances in which you might want to choose to forgo compensation. Penn State's Board of Trustees elected or appointed six incumbent trustees and five new members during its meeting Friday. You'll have to report it on your annual income tax return, and pay tax on it. 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. Prior to publication of this story, Spotlight PA asked the university whether these changes which the school framed in the November memo as next steps had been implemented. Interested to expand my network of PSU alums because all voices deserve to be heard, and all are . David R. Jones, Retired Assistant Managing Editor. Please reference the Terms of Use and the Supplemental Terms for specific information related to your state. Some trusts set out a flat or hourly fee for the trustee, but that's not too common. And I think the university is still not aggressive enough in going after the groups or the individuals that break the rules.. (Closed on campus holidays). Share your thoughts with the board at an upcoming meeting. The previous fiscal year, 2014-15, the trustee meetings cost nearly $406,000. 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,. How often are Penn States private planes flying during a budget crunch? 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. It could get very expensive with regard to damaging the endowments investment performance - and all the fallout that entails. Learn more about addressing the board and how to sign up. Learn more about the purpose, goals, and members of each standing committee. 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. ). Sign up for We're always interested in hearing about news in our community. 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. You'll probably also be in charge of determining the amount of your own compensation. Note: The date in parentheses following each name indicates the year in which the term will expire. In a statement, the university said it was disappointed in the IFCs decision. 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. SUPPORT THIS JOURNALISM and help us reinvigorate local news in north-central Pennsylvania at spotlightpa.org/statecollege. In 1999-00, Ohio State s average of $70,350 was 2.5 percent below the benchmark average of $72,130. Elmwood Park, aa addition to the City ot Kansas, Jackson 000317. Sign up for our regional newsletter, Talk of the Town. Sent every Friday and Monday. Students are applying, getting accepted, being housed and fed, attending classes, participating in extracurricular activities and getting degrees. Melewsky questioned why the. Dan Greenstein, the new State System chancellor, who began working. Trustees are not paid and the university reimburses their travel expenses, though some board members forgo that reimbursement, DuBois said. Penn State trustees on Friday promised to move forward with a detailed evaluation of changes recommended by former FBI director Louis Freeh in response to the child sex-abuse scandal that . Junker joined Marine Bank in 1964. 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. 2023 Advance Local Media LLC. He was a member, former chair, and current board member of the Penn State Behrend Council of Fellows. 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. Spotlight PAs free weekly newsletter and get (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. Robert M. Frey, Attorney-at-Law, Frey & Tiley, P.C. [6] Note: The date in parentheses following each name below indicates the year in which the term will expire. Like other boards of trustees throughout the state, USC's trustees are not paid a salary. 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. Photo by Michael Tauriello | Onward State. More perhaps than any man I know? 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). The university declined to say whether any of the changes outlined in the November memo violate that agreement. Spotlight PA is different. 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. Spotlight PA relies on funding from Members represent various entities including, but not limited to, Pennsylvania county agricultural societies, business and industry, students, and faculty. 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. To someone like myself, who works in the investment management field, considering other factors aside from pure financials is common and prudent. 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. Email: bot@psu.edu, Hours: 8:00 a.m. to 5:00 p.m. EST 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. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. 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. 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. He first served on the Board of Trustees from 2012 through 2018 before winning another term in 2020. An increase in tuition rates for students will also take effect.. A 2% general . The board also paid $61,700 for "Purchased University Services," though the reports offer limited details about those services. A board of trustees is a group appointed to preside over a nonprofit, charitable foundation or business. Now join thousands of your friends and neighbors in supporting it. 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. who are committed to accountability journalism that gets results. 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. Previously, independent Greek-letter councils oversaw misconduct investigations. Leaders of the Interfraternity Council did not respond to multiple Spotlight PA requests for comment. Lubrano also serves as the partial namesake for Penn State's campus baseball facility,. 843 Words4 Pages. Next, the citizens of Pennsylvania and the commonwealth itself have some stake in the university since the name Pennsylvania State University implies a connection. [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]. For this reason I voted NO on approving this project at this time. Cookie Settings/Do Not Sell My Personal Information. Receive all the latest news and events right to your inbox. Editor in Chief. 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. Why isnt it on the hazing report? University officials said they are exploring other ways to increase revenue, which typically comes from tuition and state appropriations. ), Proposed Purchase of Property at 131-151 Mendels Way, Benner Township, Centre County (Action Item 5), [This purchase will provide real estate to further Penn States Agricultural Research efforts.]. Editor in Chief. 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. 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. Missouri, which said deed of trust was given to secure tha payment of one principal promissory . With gratitude, This article and all of our journalism are available to you at no cost thanks to our supporters. There is always one very straightforward financial consideration: a trustee's compensation is taxable income. 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). Alvin de Levie and Steven Wagman were elected by university alumni as alumni trustees, and incumbent Brandon Short was reelected. Thats what causes my feelings of futility. 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 . 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. Penn State Investment Council Resolutions (Action Item 6, 3 parts): Part 1:Amend bylaws to add Trustees to the Penn State Investment Council (PSIC), Part 2:Addition of language to state that the PSIC may take social and environmental considerations into account in the administration of the Universitys investments. We need to have our eyes wide open as we consider this change, with regard to what it will mean long-term. Youve been reading our work. 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. I dont believe any of them were deemed to be temporary, Piazza said. By participating in elections, attending meetings, and. Previously, independent Greek-letter councils oversaw misconduct investigations. The Penn State Board of Trustees is the 38-member[1] governing body for The Pennsylvania State University. Share feedback on issues related to the Boards responsibility for governing and stewarding the University using an anonymous feedback form. Will you do your part today by making a contribution? 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. 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. 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? Your support enables us to continue to produce tough, unique reporting you wont find anywhere else. 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. The fine increases to $500 to $2,000 for subsequent offenses. During its May 7 meeting, the Penn State Board of Trustee's Committee on Governance and Long. This may be one of those times when the old adage, Ignorance is bliss might be more conducive to a positive alumni mindset. For the past six meetings, the trustees spent more than $75,000 total, or an average of roughly $12,500 per meeting. University Park, PA 16802, Phone: (814) 865-2521 Proposed Authorization to Engage External Auditors (Action Item 1). 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. Lodging was the second-highest category of spending for the board during the most recent cycle. Now join thousands of your friends and neighbors in supporting it. 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 the reports offer limited details about those services. 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. 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. There was an error processing your request. 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.. 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. If you value this reporting, please give a gift today at That leaves us with 5% that can be used by the board to identify any constituencies that it may from time to time feel need a voice at the trustee level. Learn more about who members represent on the Elections page. The trustee's payment comes from the trust assets. But that is not what ESG investing is. If you purchase a product or register for an account through one of the links on our site, we may receive compensation. 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). Second, who are the people most likely to do the right thing? Approval of Subcommittee on Compensation Operating Guidelines. ], Proposed Annual Applications, Renewals and Other Filings Required by the Pennsylvania Liquor Control Board. Steven B. Wagman (2024) National Healthcare Business Leader, Randall Randy E. Black (2023) CEO and President, First Citizens Community Bank, Donald W. Cairns (2024) Owner/Operator, Cairns Family Farm. Download this stock image: Penn State interim head football coach Tom Bradley, right, arrives for a press conference with interim athletic director Mark Sherburne, left rear, in State College, Pa., Thursday, Nov. 10, 2011. Chairman Keith Masser sent an email to trustees around 8 p.m. Friday announcing that Karen P The board also paid $61,700 for Purchased University Services, though the reports offer limited details about those services. SUPPORT THIS JOURNALISM and help us reinvigorate local news in north-central Pennsylvania at spotlightpa.org/statecollege. But the point was that I felt I was engaged and making reasonably good choices. None of us, today, can know where this will end up. 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. Penn States Lion Ambassadors were accused of hazing. Right now, we are not even close in fundraising. 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. Penn States new president led a Kentucky university through crises. 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. In July, the board voted to raise tuition by 5%-6% to help increase revenue. 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. I encourage you to watch it in its entirety. President, A.P. 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.. But this stake is not very large given the states current financial distributions to the university. And how do we define what the right thing is? We have no billionaire owner or shareholders to consider. Check upcoming meeting dates or watch a recording of a previous meeting to find out what you missed. 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. Copywriters are not paid to write. Now lets translate that into action and create a new Board of Trustees! And at the same time we will remove the futility some of us feel with the current trustee elections. A final stakeholder is the faculty and staff of the university. The trustees, on the other hand, are the governance that sets the strategies and policies of Penn State. He was a member of the Penn State Board of Trustees, and served as both its president and vice president. 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. 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. 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. In order to achieve our goals we must have people to guide and lead the way for us. Spotlight PAs free weekly newsletter and get our 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. . Valerie L. Detwiler (2022) Senior Vice President, Senior Commercial Banker, Lynn A. Dietrich (2023) Retired Professional Engineer (PE). There were 1,068 write-in ballots. our exclusive reporting, plus the most important news and events from During the Sept. 22 governance committee meeting, David Kleppinger, a governor-appointed trustee, said the board supports university-operated services. 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. An email has been sent to with a link to confirm list signup. I hope you appreciated this article. And if it is, you do it no matter the cost.. Nolan is soiling them tor 12.60. Six members elected by agricultural organizations, Six members elected by the board and representing business and industry, One member elected by the board and representing the student body, One member elected by the board and representing the faculty, One member representing the Penn State Alumni Association, Three members elected by the board as at-large choices. 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. 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. 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. Everyone deserves access to the facts. President Neeli Bendapudi also implemented a sweeping 3% budget cut. 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. What happened to the arrest, use of force data Penn State police promised to release?
Usernames For Holly,
Microsoft Teams Transcription Greyed Out,
Articles D