It could get very expensive with regard to damaging the endowments investment performance - and all the fallout that entails. A Penn State trustee who led the board after the Jerry Sandusky scandal will be stepping down next week. 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. So there we have all our criteria. 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. Valerie L. Detwiler (2022) Senior Vice President, Senior Commercial Banker, Lynn A. Dietrich (2023) Retired Professional Engineer (PE). Penn State's Board of Trustees elected or appointed six incumbent trustees and five new members during its meeting Friday. who are committed to accountability journalism that gets results. Learn more about who members represent on the Elections page. [6] Note: The date in parentheses following each name below indicates the year in which the term will expire. 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. If our goal is to truly compete with our Big10 athletics peers, including underwriting all of the very beneficial initiatives proposed by Athletic Director Pat Kraft, which I am strongly in favor of, we must be competitive with our peers, especially Ohio State and Michigan, in raising funds via philanthropy. 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. 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. 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. 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. Penn States new president led a Kentucky university through crises. In order to achieve our goals we must have people to guide and lead the way for us. In a statement, the university said it was disappointed in the IFCs decision. I am not a first generation college student but I do have siblings that are/have attended college. 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. But I am not an advocate for the prices we have paid for many of those projects. 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.. Spotlight PA is funded by foundations and readers like you who are committed to accountability and public-service journalism that gets results. spotlightpa.org/donate. As a service to alumni and the public who were unable to access the live broadcast of the meeting, the following is an excerpt of the comments I prepared and the vote results for each agenda item. . For the past six meetings, the trustees spent more than $75,000 total, or an average of roughly $12,500 per meeting. The University of Pennsylvania's board of trustees is led by a New York City investment banker, one of many . our exclusive reporting, plus the most important news and events from 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. 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. Trustees appointed by the Governor serve until their successors have been appointed and confirmed. Lodging was the second-highest category of spending for the board during the most recent cycle. 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. Board of Trustees Developing great leaders is something we take pride in and is a major component of our curriculum. Lubrano also serves as the partial namesake for Penn State's campus baseball facility,. There was a problem saving your notification. 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. 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. 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 six ((). What happened to the arrest, use of force data Penn State police promised to release? If you're interested in submitting a Letter to the Editor, click here. Sign up for You'll probably also be in charge of determining the amount of your own compensation. Penn States Lion Ambassadors were accused of hazing. Julie Anna Potts (2024) President and CEO. In the World According to Hook, the easiest definition is those things that further the purpose of the university. 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. 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. Everyone deserves access to the facts. helping shape future decisions that can have a lasting impact on our students, faculty, staff, alumni, and community members. We must be able to finance projects like this through philanthropyjust as Ohio State, Michigan, and others do. 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 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. Hello everyone, I am Taylar Tunstall, a second year biology major, chemistry minor from the. 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. 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. 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. In fact, it is critical to the long-term health of our program that we do so. This may be one of those times when the old adage, Ignorance is bliss might be more conducive to a positive alumni mindset. 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. 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). How to calculate a reasonable fee is one questionwhether or not you should accept it is a wholly separate issue. The board of trustees will vote Friday afternoon on whether to approve up to $7.5 million in renovations to the outdoor fields at the Lasch Football Building and the indoor Holuba Hall. 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. It is not detrimental to our program to do so. Roth and trustees David . The Penn State Board of Trustees is the 38-member [1] governing body for The Pennsylvania State University. Conflict of Interest Disclosure and Certification Summary Report, Committee on Academic Affairs, Research, and Student Life [PUBLIC]. Many trustees do, and it's certainly appropriate to be paid for the real work that comes with serving as a trustee. Sent every Friday and Monday. 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. When expanded it provides a list of search options that will switch the search inputs to match the current selection. block. Two members selected by the faculty and staff. With gratitude, Editor in Chief. And because the living alumni to student ratio is about 7:1, that will be the ratio of the elected members from these constituencies. Nevertheless, the President, Graham B. Spanier and Vice President Gary C. Schultz and Athletic Director T. M. Curley with other cover Sandusky behavior form Board of Trustees. ], This site requires JavaScript to run correctly. So it is money thats going back to the university for those services.. I hope you appreciated this article. Join us virtually at the next meeting livestream. An increase in tuition rates for students will also take effect.. A 2% general . 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. There was an error processing your request. exclusive reporting, plus the most important news and events from our foundations and readers like you The board also paid $61,700 for Purchased University Services, though the reports offer limited details about those services. In 1998-99, Ohio State s average faculty salary was $66,890, which was 1.9 percent below the benchmark average of $68,170. I dont believe any of them were deemed to be temporary, Piazza said. Please reference the Terms of Use and the Supplemental Terms for specific information related to your 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 . ], Proposed Naming of the Building Located at 2137 Research Drive, State College in CATO Park to the Lidia Manson Building CATO Park (Action Item 2), Proposed Authorization to Expend Funds, ICA Facility Investments, University Park (Action Item 3), [Approval of $7.5 Million Intercollegiate Athletics (ICA) spending, financed via debt, to add a video board, sound system, and other ancillary items to the football practice fields.]. The university described Spotlight PAs story as speculative. (Read the full exchange here.). Community Rules apply to all content you upload or otherwise submit to this site. Piazza added that he believes the 2017 measures were a good start but did not go far enough. and participate in a number of other committees and initiatives in addition to attending board meetings and executing trustee duties. I was the teaching assistant for COMM 409: News Media Ethics - one of the only undergraduate teaching assistants at Penn State. 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,. Other factors stem from emotions, not money. Especially in tighter economic times, people should not be forced to choose between the essentials, and essential news. Costs that are as much as double the costs incurred by many of our Big10 cohorts for similar projects, as I have discussed here. But that is not what ESG investing is. DuBois said trustees use university-owned fleet vehicles and WPSU produced the video celebrating former university President Eric Barron, who retired in May. Eric Hagarty, Acting Secretary, Department of Education, Abraham Amors (2024) Director of Operations, PA Municipal League, Daniel J. Delligatti (2023) President and Owner/Operator, M&J Management Corporation, J. Alex Hartzler (2022) Managing Partner & Founder, WCI Partners, LP, David M. Kleppinger (2022) Chairman Emeritus, McNees Wallace and Nurick, LLC (, Stanley I. Rapp (2023) Partner, Greenlee Partners, LLC, Governor's Non-Voting Representative: William S. Shipley, III, Chairman, Shipley Group. Before you move on, I was hoping you would consider taking the step of supporting Spotlight PAs journalism either one time, or with a monthly gift. 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. Fax: (814) 863-4631 7 train, local . 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. Robert M. Frey, Attorney-at-Law, Frey & Tiley, P.C. Otherwise, we will always be behind. She is a senior studying digital and print journalism with a minor in creative writing through Schreyer Honors College. Having spent decades in nonprofit management, if the members of the governing board are engaged and motivated, the number is not a critical issue. Serving on Penn State's Board of Trustees, elected by the alumni, since 2014. He had eight years left of that ten-year . [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. The law allows for fines ranging from $100 to $1,000, plus the cost of prosecution, for a first offense. When the video of the meeting is released I will post a link to it on my website. Board members serve as bridges between Penn's schools and centers and the community beyond campus boundaries. Six years later, Penn States new administration appears to be easing those restrictions. Thats what causes my feelings of futility. Spotlight PA relies on funding from 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. Get weekend previews and weekend recaps from The Daily Collegian Sports staff sent to your inbox. Cookie Settings/Do Not Sell My Personal Information. The group made local news last week after allowing its fraternities to register State Pattys weekend social events for the first time since 2011. Last semester, the university recorded more than 30 violations of hazing, alcohol misuse, or sexual misconduct among IFC organizations. 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. 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 . 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. For this reason I voted NO on approving this project at this time. I encourage you to watch it in its entirety. Specifically HBCU, so I can tell you that going to an HBCU is truly important especially if you . Typically, either the trust document or state law says that trustees can be paid a "reasonable" amount for their work. During its May 7 meeting, the Penn State Board of Trustee's Committee on Governance and Long. Outgoing Penn State President Eric Barron unanimously received a 2.5% raise from the university's Board of Trustees Friday afternoon. It's hard to argue with taking payment for your time and effort.