In that case, lets use the ratio of alumni and student members to provide us with an answer here. 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. I am not a first generation college student but I do have siblings that are/have attended college. Penn State's Board of Trustees elected or appointed six incumbent trustees and five new members during its meeting Friday. When the video of the meeting is released I will post a link to it on my website. His dad, brother, and sister all graduated from the university, along with at least 20 of his cousins. Hello everyone, I am Taylar Tunstall, a second year biology major, chemistry minor from the. that include details of the history of increases to Room and Board. The Penn State Board of Trustees met Friday, February 17th 2023 at the Penn Stater to vote on eight agenda action items. 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. Who the stakeholders are, who will do the right thing, and what is the right thing. For the past six meetings, the trustees spent more than $75,000 total, or an average of roughly $12,500 per meeting. The Town Hall, held via ZOOM session, was put together by PS4RS - and is available at the link below. 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. First, who are the stakeholders? [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. Otherwise, we will always be behind. 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. At least mine. 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. The trustees are unique in that they have two distinct advantages. Join us virtually at the next meeting livestream. 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. Stay up to date on the boards activities and get involved. The planned renovation will cost $48.3 million, which is to be paid through private gifts and borrowing. So, do we want to do this?, Vote - Yea: 29 Nay: 3 (Cairns, Detwiler, Fenchak) Abstain: 1 (Mumin). I dont believe that is accurate. We have no billionaire owner or shareholders to consider. The Board of Trustees will be asked to consider and approve Penn State's operating budget on July 15, 2021. More perhaps than any man I know? Conflict of Interest Disclosure and Certification Summary Report, Committee on Academic Affairs, Research, and Student Life [PUBLIC]. 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? 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.. 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. But that is not what ESG investing is. He rose through successive management positions before being named president in 1974 and CEO in 1983. six ((). And at the same time we will remove the futility some of us feel with the current trustee elections. Board of Trustees Developing great leaders is something we take pride in and is a major component of our curriculum. In partnership with the president, the board seeks to advance the institution while acting in the best interests of the University community. block. Why isnt it on the hazing report? 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. 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. Sign up for our regional newsletter, Talk of the Town. And because as trustee, you're in control of those assets, that means you're in charge of paying yourself. A final stakeholder is the faculty and staff of the university. Board membership is less stressful and time-consuming than earlier positions board members have taken on, while still offering an impressive income. 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. Please, The Penn State Board of Trustees met Friday, February 17th 2023 at the Penn Stater to vote on eight agenda action items. One member elected by the board as an at-large choice. It is not detrimental to our program to do so. 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. Everyone deserves access to the facts. Our journalism is produced to serve the public interest not profit motives. . We need to have our eyes wide open as we consider this change, with regard to what it will mean long-term. 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. Receive all the latest news and events right to your inbox. 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. In 1998-99, Ohio State s average faculty salary was $66,890, which was 1.9 percent below the benchmark average of $68,170. Enter the email address you signed up with and we'll email you a reset link. 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. You simply ask, is a thing right, in itself? 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. The graduate student assembly passed a resolution earlier this month, asking that one graduate student and one undergraduate be added to the board. We want a 7:1 ratio of alumni to students, so 24 trustees from these constituencies means alumni will elect 21 members seven a year for three-year terms and students will elect three one a year for three-year terms. 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. This leads us to the question of how many total Trustees should Penn State have? Especially in tighter economic times, people should not be forced to choose between the essentials, and essential news. 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. SUPPORT THIS JOURNALISM and help us reinvigorate local news in north-central Pennsylvania at spotlightpa.org/statecollege. Please reference the Terms of Use and the Supplemental Terms for specific information related to your state. Sign up for This is commonly referred to as ESG, or Environmental, Social, and Governance investing. 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. First, they legally are the university, with major decision-making powers. StateCollege.com provides local news, entertainment, and information for State College, PA. We offer the latest breaking news and videos straight from the Centre County region in Central PA. 220 Regent Court, Suite B, State College, PA 16801, Copyright 2000 document.getElementById('copyright').appendChild(document.createTextNode(new Date().getFullYear())) | StateCollege.com | All Rights Reserved | State College, PA Centre County Central Pennsylvania Home of Penn State University. As announced by The Pennsylvania State University Board of Trustees Wednesday night, Bradley will assume head coaching duties for the Penn State Football team for the . Junker joined Marine Bank in 1964. 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. Fax: (814) 863-4631 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. Students are applying, getting accepted, being housed and fed, attending classes, participating in extracurricular activities and getting degrees. For its July meeting at the universitys York campus, the board paid $17,800 on Reception/Dinner expenses. Penn State's Board of Trustees elected or appointed six incumbent trustees and five new members during its meeting Friday. Every day the university chugs along. 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. The university declined to say whether any of the changes outlined in the November memo violate that agreement. One searches in vain for public praise of Penn's payment of the TCJA tax. There was an error processing your request. In an internal memo obtained by Spotlight PA, the university declares it is time to recalibrate the relationships involved so the pendulum moves toward chapter self-governance, and away from University monitoring and intervention., According to the document, Penn State plans to end the regular monitoring of chapter houses, allow first-semester recruitment, and help Greek organizations that want to reestablish themselves at the university. (Closed on campus holidays), Conflict of Interest Disclosure and Certification Summary Report. 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. Spotlight PA is different. But we have fallen well short of the mark in the last decade. Photo by Michael Tauriello | Onward State. An increase in tuition rates for students will also take effect.. A 2% general . The group made local news last week after allowing its fraternities to register State Pattys weekend social events for the first time since 2011. 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. Many trustees do, and it's certainly appropriate to be paid for the real work that comes with serving as a trustee. 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. Like other boards of trustees throughout the state, USC's trustees are not paid a salary. 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. If you value this reporting, please give a gift today at For certain, those who advocate for ESG interpret that language as something very, very different. Steve A. Garban, Senior Vice President for Finance and Operations/Treasurer Emeritus. Julie Anna Potts (2024) President and CEO. 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. Editor in Chief. 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. 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). foundations and readers like you The Penn State Board of Trustees is the 38-member[1] governing body for The Pennsylvania State University. Copyright 2023 MH Sub I, LLC dba Nolo Self-help services may not be permitted in all states. 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. 2023 Advance Local Media LLC. In partnership with the president, the board seeks to advance the institution while acting in the best interests of the University community. There is always one very straightforward financial consideration: a trustee's compensation is taxable income. 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. On this Wikipedia the language links are at the top of the page across from the article title. And how do we define what the right thing is? 80% of consumers turn to directories with reviews to find a local business. To someone like myself, who works in the investment management field, considering other factors aside from pure financials is common and prudent. Your support enables us to continue to produce tough, unique reporting you wont find anywhere else. 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. The Board of Trustees is Penn State's highest governing body established by the university's charter that holds responsibility for the "governance and welfare of the university and all interests pertaining thereto," according to the Penn State Board of Trustees website. During the Sept. 22 governance committee meeting, David Kleppinger, a governor-appointed trustee, said the board supports university-operated services. ), 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.]. Its a situation that describes how I feel about the Penn State Board of Trustees. Well, the above functions are the result of management. 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. helping shape future decisions that can have a lasting impact on our students, faculty, staff, alumni, and community members. With gratitude, Specifically HBCU, so I can tell you that going to an HBCU is truly important especially if you . who are committed to accountability journalism that gets results. The University of Pennsylvania's board of trustees is led by a New York City investment banker, one of many . Thats what causes my feelings of futility. Interested to expand my network of PSU alums because all voices deserve to be heard, and all are . Typically, either the trust document or state law says that trustees can be paid a "reasonable" amount for their work. The press. The median compensation for members of. 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. He was a member, former chair, and current board member of the Penn State Behrend Council of Fellows. State law is unlikely to be much help either; many states set out rules for executors, but not for trustees. Sign up for our regional newsletter, Talk of the Town. The expense reports show the trustees paid the Penn Stater more than $100,400 for Meals and Break Services during meetings there. Piazza added that he believes the 2017 measures were a good start but did not go far enough. The struggle continued for three long years and finally in 2012 a newly established IOB bank close to his business unit lent him INR 24,000 which he successfully repaid. Spotlight PAs free weekly newsletter and get Because Microsoft is able to track error messages and other dysfunctions on its products in real-time, they, in most cases, get instantaneous feedback on their products. 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. 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 He was a member of the Penn State Board of Trustees, and served as both its president and vice president. spotlightpa.org/donate. We're always interested in hearing about news in our community. However, the document notes that hazing and other safety concerns, including sexual misconduct remain a concern and returning to full self-governance, especially for Greek groups connected to the Interfraternity Council, could undo positive changes gained from the 2017 changes. Thanks for reading Barry Fenchak For Penn State Trustee! 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. How often are Penn States private planes flying during a budget crunch? Six years later, Penn States new administration appears to be easing those restrictions. Which is great, and tremendously improves the response time in dealing with software coding issues, but doesnt at all catch fundamental user unhappiness with a correctly functioning but useless interface. Penn States Lion Ambassadors were accused of hazing. . fees paid from the Penn State endowment to outside investment advisors had averaged $10 . University officials said they are exploring other ways to increase revenue, which typically comes from tuition and state appropriations. Going through the highlights of the Penn State and State College news so you don't have to. 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. Nolan is soiling them tor 12.60. Valerie L. Detwiler (2022) Senior Vice President, Senior Commercial Banker, Lynn A. Dietrich (2023) Retired Professional Engineer (PE). Share feedback on issues related to the Boards responsibility for governing and stewarding the University using an anonymous feedback form. 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. Granted, thats not necessarily the case, but its certainly possible with the makeup with the board as is. University Park, PA 16802, Phone: (814) 865-2521 Spotlight PA is funded by foundations and readers like you who are committed to accountability and public-service journalism that gets results. Though he was armed with a few sub-contract orders from the Tamil Nadu Electricity Board, he failed to obtain a business loan from any banks. Board of Trustees | Penn State University. David R. Jones, Retired Assistant Managing Editor. In some states, the information on this website may be considered a lawyer referral service. I hope you appreciated this article. Subscribe for free to receive new posts and support my work. who are committed to accountability journalism that gets results. Outgoing Penn State President Eric Barron unanimously received a 2.5% raise from the university's Board of Trustees Friday afternoon. In a statement, DuBois said the board is aware of meeting costs and has worked for years to save money. 2023Spotlight PA228 Walnut St., #11728Harrisburg, PA 17108-1728. How often are Penn States private planes flying during a budget crunch? The structure of Penn State's 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. University Park, PA 16802, Phone: (814) 865-2521 Now lets translate that into action and create a new Board of Trustees! The trustees, on the other hand, are the governance that sets the strategies and policies of Penn State. (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. That said, a large and rapidly increasing portion of that budget is the cost of debt servicelargely from the construction projects for new and renovated dormitories. Other factors stem from emotions, not money. I think this is a great starting point in our quest for people who will do the right thing for Penn State.