Christopher Baxter 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. But we have fallen well short of the mark in the last decade. Some trusts set out a flat or hourly fee for the trustee, but that's not too common. Quentin E. Wood, Retired Chairman of the Board and Chief Executive Officer, This page was last edited on 4 February 2023, at 07:49. And because as trustee, you're in control of those assets, that means you're in charge of paying yourself. The costs of several items making up the Housing and Food Services (HFS) budget have increased, and it is criticalin my opinionthat HFS operate on a balanced budget. 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. How often are Penn States private planes flying during a budget crunch? [6] Note: The date in parentheses following each name below indicates the year in which the term will expire. Nolan is soiling them tor 12.60. 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. The younger programmers default to these statistics when determining which problems to fix. Sign up for A board of trustees is a group appointed to preside over a nonprofit, charitable foundation or business. SUPPORT THIS JOURNALISM and help us reinvigorate local news in north-central Pennsylvania at spotlightpa.org/statecollege. [2] Undergraduate students do not elect any trustees; the court case Benner v. Oswald ruled that the Equal Protection Clause of the Fourteenth Amendment did not require the undergraduate students be allowed to participate in the selection of trustees. 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. ]. fees paid from the Penn State endowment to outside investment advisors had averaged $10 . foundations and readers like you Conflict of Interest Disclosure and Certification Summary Report, Committee on Academic Affairs, Research, and Student Life [PUBLIC]. Chairman Keith Masser sent an email to trustees around 8 p.m. Friday announcing that Karen P 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. 843 Words4 Pages. 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 Penn State's Eric Barron third highest paid public university president On this Wikipedia the language links are at the top of the page across from the article title. Lodging was the second-highest category of spending for the board during the most recent cycle. Second, they are also individuals dependent on. This story has been updated with additional comment from Penn State. 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). For its July meeting at the universitys York campus, the board paid $17,800 on Reception/Dinner expenses. Outgoing Penn State President Eric Barron unanimously received a 2.5% raise from the university's Board of Trustees Friday afternoon. Copywriters are not paid to write. ), 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. Costs that are as much as double the costs incurred by many of our Big10 cohorts for similar projects, as I have discussed here. 2023 Advance Local Media LLC. University officials said they are exploring other ways to increase revenue, which typically comes from tuition and state appropriations. So, do we want to do this?, Vote - Yea: 29 Nay: 3 (Cairns, Detwiler, Fenchak) Abstain: 1 (Mumin). Now join thousands of your friends and neighbors in supporting it. Learn more about addressing the board and how to sign up. and participate in a number of other committees and initiatives in addition to attending board meetings and executing trustee duties. So it is money thats going back to the university for those services.. 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. Subscribe for free to receive new posts and support my work. Board membership is less stressful and time-consuming than earlier positions board members have taken on, while still offering an impressive income. Sign up for A Penn State trustee who led the board after the Jerry Sandusky scandal will be stepping down next week. We must be able to finance projects like this through philanthropyjust as Ohio State, Michigan, and others do. For its July meeting at the universitys York campus, the board paid $17,800 on Reception/Dinner expenses. Penn State board of trustees subcommittee OKs $71K pay raise for 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. May 7, 2021 Old Main on Monday, March 15, 2021. 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. The expense reports show the trustees paid the Penn Stater more than $100,400 for Meals and Break Services during meetings there. Trustees appointed by the Governor serve until their successors have been appointed and confirmed. Penn State's Board of Trustees elected or appointed six incumbent trustees and five new members during its meeting Friday. Youve been reading our work. To do that I need to ask three questions: Who are the stakeholders of Penn State University? And because the living alumni to student ratio is about 7:1, that will be the ratio of the elected members from these constituencies. Penn State's Board of Trustees Invited This Speculation One searches in vain for public praise of Penn's payment of the TCJA tax. This is something that is never discussed, especially when Penn State Trustees lament over lack of State funding for the University. The trustees, on the other hand, are the governance that sets the strategies and policies of Penn State. An inheritance, on the other hand, isn't taxable income. Board of Trustees | Penn State University. Jim Bognet Implores 'Return To Penn State's Legacy' In Trustee Campaign We need to have our eyes wide open as we consider this change, with regard to what it will mean long-term. Its a situation that describes how I feel about the Penn State Board of Trustees. Barron, who's set to retire in June, will now receive an annual salary of $876,612 about $21,000 more than last year. Who the stakeholders are, who will do the right thing, and what is the right thing. Spotlight PA is funded by foundations and readers like you who are committed to accountability and public-service journalism that gets results. 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. Most trustees are entitled to payment for their work managing and distributing trust assetsjust like executors of wills. State law is unlikely to be much help either; many states set out rules for executors, but not for trustees. Last year, USC's. Donate to the Collegian by clicking the button below. 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. The University's Official News Source. 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,. The graduate student assembly passed a resolution earlier this month, asking that one graduate student and one undergraduate be added to the board. 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. 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. The other members include six trustees appointed by the Governor, nine elected by alumni, six elected by Pennsylvania agricultural societies, six by a board representing business and industry enterprises, 3 at-large, 1 student, and 1 academic trustee. Lubrano also serves as the partial namesake for Penn State's campus baseball facility,. William Schreyer -- a Penn State trustee whose daughter is a longtime board member of The Second . 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. 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. In some states, the information on this website may be considered a lawyer referral service. Penn State alumni trustees: Freeh report on Sandusky case - pennlive Proposed Authorization to Engage External Auditors (Action Item 1). I find it neither necessary nor prudent to have one of those important positions taken by a non-voting emeriti Trustee. YouTubes privacy policy is available here and YouTubes terms of service is available here. Elmwood Park, aa addition to the City ot Kansas, Jackson 000317. Please, The Penn State Board of Trustees met Friday, February 17th 2023 at the Penn Stater to vote on eight agenda action items. 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. 7 train, local . Your use of this website constitutes acceptance of the Terms of Use, Supplemental Terms, Privacy Policy and Cookie Policy. Lubrano and Company, Inc. This article and all of our journalism are available to you at no cost thanks to our supporters. 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. Dillard University | Biology Blog - Taylar Tunstall Intro helping shape future decisions that can have a lasting impact on our students, faculty, staff, alumni, and community members. our region. 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. 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. And at the same time we will remove the futility some of us feel with the current trustee elections. exclusive reporting, plus the most important news and events from our Many trustees do, and it's certainly appropriate to be paid for the real work that comes with serving as a trustee. 80% of consumers turn to directories with reviews to find a local business. historical city of Montgomery, Alabama. In order to achieve our goals we must have people to guide and lead the way for us. Leaders of the Interfraternity Council did not respond to multiple Spotlight PA requests for comment. The Composition of Penn State's Board of Trustees Needs to Change 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. Check upcoming meeting dates or watch a recording of a previous meeting to find out what you missed. Spotlight PA is different. 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. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Penn States recent spending comes during a university-wide effort to tighten its belt and a recent tuition hike. But I am not an advocate for the prices we have paid for many of those projects. Board Of Trustees Raises President Barron's Salary 2022 Board of Trustees election results announced - Penn State The Town Hall, held via ZOOM session, was put together by PS4RS - and is available at the link below. 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. region. Thanks for reading Barry Fenchak For Penn State Trustee! So there we have all our criteria. 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. There are, however, some circumstances in which you might want to choose to forgo compensation. For the past six meetings, the trustees spent more than $75,000 total, or an average of roughly $12,500 per meeting. Furthermore, in Penn State University there were people in high place that know about Sandusky behavior and did nothing. Kansas City journal. [volume], March 29, 1898, Page 11, Image 11 In partnership with the president, the board seeks to advance the institution while acting in the best interests of the University community. For this reason I voted NO on approving this project at this time. (Closed on campus holidays), Conflict of Interest Disclosure and Certification Summary Report. When the video of the meeting is released I will post a link to it on my website, https://barryfenchak4trustee.com. 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. The university has raised $8 million for the project so far. Penn State plans to drop fraternity, sorority oversight Robert M. Frey, Attorney-at-Law, Frey & Tiley, P.C. 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. 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. And I am quite sure, those types of considerations have taken place within Penn States investment management. If you value this reporting, please give a gift today at Paterno, Lubrano and Pope to Seek Reelection to Penn State Board of Specifically HBCU, so I can tell you that going to an HBCU is truly important especially if you . STATE COLLEGE (MCT) - Two candidates for Penn State board of trustees in the crowded field have dropped out of the race. Receive all the latest news and events right to your inbox. Sign up for our regional newsletter, Talk of the Town. Sent every Friday and Monday. How often are Penn States private planes flying during a budget crunch? You have permission to edit this article. During the Sept. 22 governance committee meeting, David Kleppinger, a governor-appointed trustee, said the board supports university-operated services. 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. 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 Penn State Board of Trustees met Friday, February 17th 2023 at the Penn Stater to vote on eight agenda action items. And if it is, you do it no matter the cost.. *President, The Pennsylvania State University, Secretary, Department of Conservation and Natural Resources, Acting Secretary, Department of Education. The fine increases to $500 to $2,000 for subsequent offenses. Vornado's Penn Station Development Plan Reaches Pivotal Point At least mine. The university declined to say whether any of the changes outlined in the November memo violate that agreement. David R. Jones, Retired Assistant Managing Editor. 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. Baylor Coach The article published May 28, 2016, by Mark Schlabach on ESPN titled, "Baylor to fire coach Art Briles after 8 Seasons," is about Sixty-year-old Art Briles in the process of finishing his extension of his ten-year contract for coaching football at Baylor University. In partnership with the president, the board seeks to advance the institution while acting in the best interests of the University community.