Several of these action items have further details; you can read the. 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. Missouri, which said deed of trust was given to secure tha payment of one principal promissory . Dan Greenstein, the new State System chancellor, who began working. University officials said they are exploring other ways to increase revenue, which typically comes from tuition and state appropriations. Leaders of the Interfraternity Council did not respond to multiple Spotlight PA requests for comment. Your engagement with the board is critical and necessary to supporting the success and advancement of the University. With gratitude, This is commonly referred to as ESG, or Environmental, Social, and Governance investing. . In order to achieve our goals we must have people to guide and lead the way for us. A board of trustees is a group appointed to preside over a nonprofit, charitable foundation or business. 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. Outgoing Penn State President Eric Barron unanimously received a 2.5% raise from the university's Board of Trustees Friday afternoon. Subscribe for free to receive new posts and support my work. Edward P. Junker, III, Retired Vice Chairman, Robert D. Metzgar, Former President, North Penn Pipe & Supply, Incorporated, L. J. Rowell, Jr., Retired Chairman and Chief Executive Officer, Provident Mutual Life Insurance, Kevin R. Steele, Past President, Penn State Alumni Association, Cecile M. Springer, President, Springer Associates, Paul V. Suhey, Orthopedic Surgeon, Martin & Suhey Orthopedics, Boyd E. Wolff, Retired, Owner and Operator Wolfden Farms. . Handling other people's money is a serious responsibility. 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. 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. Junker joined Marine Bank in 1964. Nolan is soiling them tor 12.60. He first served on the Board of Trustees from 2012 through 2018 before winning another term in 2020. 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 Robert M. Frey, Attorney-at-Law, Frey & Tiley, P.C. spotlightpa.org/donate. For this reason I voted NO on approving this project at this time. Obviously the alumni, and current students by virtue of their pending alumni status, are the largest stakeholders. 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. Our readers keep us independent, beholden to no outside influence, and accessible to everyone whether they can afford to pay for news, or not. ]. 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. This may be one of those times when the old adage, Ignorance is bliss might be more conducive to a positive alumni mindset. Our journalism is produced to serve the public interest not profit motives. I am an advocate for many of those projects in principle. The legislation comes amid growing public concern regarding oversight on Penn State's Board. 2023Spotlight PA228 Walnut St., #11728Harrisburg, PA 17108-1728. Like other boards of trustees throughout the state, USC's trustees are not paid a salary. 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. 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,. (Philadelphia [Pa.]) 1857-1880, October 01, 1857, Image 3, brought to you by Penn State University Libraries; University Park, PA, and the National Digital Newspaper Program. Email notifications are only sent once a day, and only if there are new matching items. Things are working, so whats the problem? So there we have all our criteria. 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. 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.. 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. 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. Matthew W. Schuyler (2023) Chief Brand Officer. 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. 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. Editor in Chief. During the Sept. 22 governance committee meeting, David Kleppinger, a governor-appointed trustee, said the board supports university-operated services. 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. In that capacity, she became involved in the Jerry Sandusky scandal. Furthermore, in Penn State University there were people in high place that know about Sandusky behavior and did nothing. Nicholas J. Rowland (2024) Professor of Sociology. The University's Official News Source. Granted, thats not necessarily the case, but its certainly possible with the makeup with the board as is. For the past six meetings, the trustees spent more than $75,000 total, or an average of roughly $12,500 per meeting. Will you do your part today by making a contribution? Lubrano and Company, Inc. 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). The following year, Penn State created the Timothy J. Piazza Center for Fraternity and Sorority Research and Reform, which helped launch a scorecard system for fraternity and sorority chapters across the country. 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. spotlightpa.org/donate. exclusive reporting, plus the most important news and events from our 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. Spotlight PA relies on funding from Sign up for our regional newsletter, Talk of the Town. The previous fiscal year, 2014-15, the trustee meetings cost nearly $406,000. 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. our exclusive reporting, plus the most important news and events from Second, they are also individuals dependent on. Members listed below as of May 31, 2022. Approval of Subcommittee on Compensation Operating Guidelines. You'll probably also be in charge of determining the amount of your own compensation. 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. The current Ohio State salary average of $73,930 is 2.9 percent below the average benchmark salary of $76,160. 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. 2023 Advance Local Media LLC. I hope you appreciated this article. Six years later, Penn States new administration appears to be easing those restrictions. The trustee's payment comes from the trust assets. When expanded it provides a list of search options that will switch the search inputs to match the current selection. 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. [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. Learn more about who members represent on the Elections page. So if you're inheriting everything or almost everything in the trust, there's usually no reason to call some of the money a "fee"you'll only end up paying more tax than you have to. The information provided on this site is not legal advice, does not constitute a lawyer referral service, and no attorney-client or confidential relationship is or will be formed by use of the site. This will provide the best opportunity for the university to be responsive to the desires of its lifeblood those who are and were educated by Penn State. 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. 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. Lubrano also serves as the partial namesake for Penn State's campus baseball facility,. 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. There were 1,068 write-in ballots. You'll probably also be in charge of determining the amount of your own compensation. Melewsky questioned why the. 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 IFC is an independent organization overseeing fraternities at Penn State that are part of the North-American Interfraternity Conference. Director of Operations,PA Municipal League. 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. Share feedback on issues related to the Boards responsibility for governing and stewarding the University using an anonymous feedback form. Youve been reading our work. For its July meeting at the universitys York campus, the board paid $17,800 on Reception/Dinner expenses. William Schreyer -- a Penn State trustee whose daughter is a longtime board member of The Second . For the past six meetings, the trustees spent more than $75,000 total, or an average of roughly $12,500 per meeting. Piazza added that he believes the 2017 measures were a good start but did not go far enough. 201 Old Main 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. Last semester, the university recorded more than 30 violations of hazing, alcohol misuse, or sexual misconduct among IFC organizations. 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 University has not reimbursed Pa. State Police for security at Proud Boys event, Penn State paid state, local police almost $1.9 million for 2021 home football game security. Sign up for 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. Let us know what's going on! Spotlight PA is different. Proposed Authorization to Engage External Auditors (Action Item 1). who are committed to accountability journalism that gets results. The younger programmers default to these statistics when determining which problems to fix. 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. Many trustees do, and it's certainly appropriate to be paid for the real work that comes with serving as a trustee. I think they were all deemed to be permanent for the benefit and safety of the students.. But we have fallen well short of the mark in the last decade. The median compensation for members of. 843 Words4 Pages. With gratitude, 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. I think the monitoring should be enhanced, he said. 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. Conflict of Interest Disclosure and Certification Summary Report, Committee on Academic Affairs, Research, and Student Life [PUBLIC]. Penn State distances itself from past diversity proposals while launching similar efforts, Penn State trustees heard universitys diversity plan in secret 2021 gathering. Penn States Board of Trustees supported the 2017 changes, which included restrictions on socials, deferred recruitment from fall to spring semester, increased monitoring of Greek-letter organizations, and university oversight of misconduct adjudication. They usually have or formerly had other careers and are happy to provide their expertise to a charitable organization. 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. Serving on Penn State's Board of Trustees, elected by the alumni, since 2014. 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. Email: bot@psu.edu, Hours: 8:00 a.m. to 5:00 p.m. EST 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. 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. Anytime you incorporate non-financial restrictions, and limit options, you are going to be operating in a sub-optimal fiscal manner. Youve been reading our work. 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. We have no billionaire owner or shareholders to consider. 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%. 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 memo argues the 2017 policies created culture shift, including an increase in grade-point averages among Greek life members and a drop in reports of misconduct. Penn State agreed to tighten some of its Greek life rules as part of its settlement with the Piazza family. Writing well is important but our job . 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. Typically, either the trust document or state law says that trustees can be paid a "reasonable" amount for their work. Employees have questioned university leadership about a $71,000 raise for a top administrator, the creation of a new vice president position during the hiring freeze, and increases to employees workloads at a time when wages are outpaced by inflation. The Penn State Board of Trustees met Friday, February 17th 2023 at the Penn Stater to vote on eight agenda action items. The selection of an accounting and audit firm for Penn State. 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 . 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. Board of Trustees Developing great leaders is something we take pride in and is a major component of our curriculum. 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. Out of 710,381 eligible voters, 22,297 ballots were cast 105 of which were mail-in. 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. Lubrano and Company, Inc. William F. Oldsey (2022) Independent Consultant/Educational Publishing. Now join thousands of your friends and neighbors in supporting it. Its a situation that describes how I feel about the Penn State Board of Trustees. February 28, 2023. Insurance Rates Raised. 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. May 7, 2021 Old Main on Monday, March 15, 2021. The graduate student assembly passed a resolution earlier this month, asking that one graduate student and one undergraduate be added to the board. *President, The Pennsylvania State University, Secretary, Department of Conservation and Natural Resources, Acting Secretary, Department of Education. Army Veteran, 20+ year Law Enforcement Investigator, Private Investigator, and Digital Forensics Examiner driven to uncover the truth and find answers for challenges of all shapes and sizes . 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. STATE COLLEGE (MCT) - Two candidates for Penn State board of trustees in the crowded field have dropped out of the race. I am a strong advocate for inclusion of Trustees on the PSIC. foundations and readers like you University Park Airport Reopens After Evacuation for Suspicious Item Found in Luggage, State Pattys Day: Reflection of Indiscretions. In the World According to Hook, the easiest definition is those things that further the purpose of the university. An email has been sent to with a link to confirm list signup. Sign up for our regional newsletter, Talk of the Town. 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. that include details of the history of increases to Room and Board. 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. Previously, independent Greek-letter councils oversaw misconduct investigations. Get weekend previews and weekend recaps from The Daily Collegian Sports staff sent to your inbox. 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. You do not seek power or popularity. trustee, the follpwlng (described real estate, situated In the county of Jackson and state ot Missouri, to wlt: All ot the south twenty-five (35) feet of lot three (3). For the Glory! The board also paid $61,700 for Purchased University Services, though the reports offer limited details about those services. (Action Item 7), [Amendments to the operating guidelines of the Boards subcommittee on compensation. In the last decade, however, this selection process has become an exercise in futility for me. 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.
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