Sign up for 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. 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. 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. ], Proposed Annual Applications, Renewals and Other Filings Required by the Pennsylvania Liquor Control Board. You have permission to edit this article. We're always interested in hearing about news in our community. [This is to replace Deloitte, our previous accounting and auditing firm. 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 When the video of the meeting is released I will post a link to it on my website, https://barryfenchak4trustee.com. The current Ohio State salary average of $73,930 is 2.9 percent below the average benchmark salary of $76,160. A little over a week ago, my annual email from the Penn State Board of Trustees appeared in my inbox, requesting that I cast my ballot for alumni-elected members to the board. 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. Among the planned upgrades are the . 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. Trustees are usually not paid for their duties, but they sometimes are. A final stakeholder is the faculty and staff of the university. Donate to the Collegian by clicking the button below. Randolph Houston will also assume a two-year seat as the immediate past president of the Penn State Alumni Association, replacing Wagman. DuBois said trustees use university-owned fleet vehicles and WPSU produced the video celebrating former university President Eric Barron, who retired in May. 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. (Closed on campus holidays), Conflict of Interest Disclosure and Certification Summary Report. 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. 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 Success! Elmwood Park, aa addition to the City ot Kansas, Jackson 000317. 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. And I am quite sure, those types of considerations have taken place within Penn States investment management. If it's left to you to come up with a "reasonable" fee, here are a couple of ways you might go about the task: After all, an executor's work is often very similar to that of a trustee. 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? Our readers keep us independent, beholden to no outside influence, and accessible to everyone whether they can afford to pay for news, or not. Its a situation that describes how I feel about the Penn State Board of Trustees. Lodging was the second-highest category of spending for the board during the most recent cycle. She also served as Chair of the Penn State Board of Trustees from 2004-2007. foundations and readers like you Julie Anna Potts (2024) President and CEO. 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. 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. Spotlight PA is different. 9/17/21 4:10 pm. Alvin de Levie and Steven Wagman were elected by university alumni as alumni trustees, and incumbent Brandon Short was reelected. For example, in May 2022, the board paid $10,858.54 for Barron video and Fleet.. Office of the Board of Trustees Junker joined Marine Bank in 1964. The previous fiscal year, 2014-15, the trustee meetings cost nearly $406,000. We on this Board might think that adding the ESG language is not a change from that type of decision making process. 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. 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. But I know we can be and have been in the past. 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. Enter the email address you signed up with and we'll email you a reset link. Penn State's Board of Trustees elected or appointed six incumbent trustees and five new members during its meeting Friday. Last semester, the university recorded more than 30 violations of hazing, alcohol misuse, or sexual misconduct among IFC organizations. If you purchase a product or register for an account through one of the links on our site, we may receive compensation. 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. So it is money thats going back to the university for those services.. Professors, administrators and staff are being hired, producing work, managing others, getting paid and retiring. 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. He was a member of the Penn State Board of Trustees, and served as both its president and vice president. The university declined to say whether any of the changes outlined in the November memo violate that agreement. Sign up for Missouri, which said deed of trust was given to secure tha payment of one principal promissory . This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. ], 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.]. Penn State distances itself from past diversity proposals while launching similar efforts, Penn State trustees heard universitys diversity plan in secret 2021 gathering. 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. 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. Conflict of Interest Disclosure and Certification Summary Report, Committee on Academic Affairs, Research, and Student Life [PUBLIC]. This story has been updated with additional comment from Penn State. . 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. Thats what causes my feelings of futility. First, who are the stakeholders? Especially in tighter economic times, people should not be forced to choose between the essentials, and essential news. Rudy Glocker, a Nittany Lion letterman on the ballot in the race, said our region. 2023Spotlight PA228 Walnut St., #11728Harrisburg, PA 17108-1728. 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). And because the living alumni to student ratio is about 7:1, that will be the ratio of the elected members from these constituencies. 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. . We need to have our eyes wide open as we consider this change, with regard to what it will mean long-term. Fax: (814) 863-4631 201 Old Main Lubrano and Company, Inc. William F. Oldsey (2022) Independent Consultant/Educational Publishing. This may be one of those times when the old adage, Ignorance is bliss might be more conducive to a positive alumni mindset. Email: bot@psu.edu, Hours: 8:00 a.m. to 5:00 p.m. EST By participating in elections, attending meetings, and. Stay up to date on the boards activities and get involved. 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. But we have fallen well short of the mark in the last decade. The expense reports show the trustees paid the Penn Stater more than $100,400 for Meals and Break Services during meetings there. 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. Matthew W. Schuyler (2023) Chief Brand Officer. . February 28, 2023. If you value this reporting, please give a gift today at If you're interested in submitting a Letter to the Editor, click here. our region. Your engagement with the board is critical and necessary to supporting the success and advancement of the University. STATE COLLEGE (MCT) - Two candidates for Penn State board of trustees in the crowded field have dropped out of the race. More perhaps than any man I know? This button displays the currently selected search type. Barron, who's set to retire in June, will now receive an annual salary of $876,612 about $21,000 more than last year. Trustees are not paid and the university reimburses their travel expenses, though some board members forgo that reimbursement, DuBois said. Including a plethora of interpretations/viewpoints that would significantly restrict investment options in the Penn State Endowment for non-financial reasons. Penn State operated at a $166 million deficit the last academic year, using its central reserves to off-set the shortfall, with Thorndike acknowledging such a practice is not sustainable. In order to achieve our goals we must have people to guide and lead the way for us. UCLA and USC bolted the Pac-12 for the Big Ten in the summer of 2022 and will begin competing in the richest conference in college athletics ($1.1 billion per year in TV deals) in 2024. 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. (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. These changes, which the university has not publicly acknowledged, were discussed on Nov. 16, 2022, during a private gathering of university leadership, Greek life leaders, and members of the Committee on Academic Affairs, Research and Student Life, which is part of the Board of Trustees. [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]. In the World According to Hook, the easiest definition is those things that further the purpose of the university. By participating in elections, attending meetings, and addressing the board, youre helping shape future decisions that can have a lasting impact on our students, faculty, staff, alumni, and community members. 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). I dont believe that is accurate. 2023 Advance Local Media LLC. The selection of an accounting and audit firm for Penn State. Spotlight PAs free weekly newsletter and get Christopher Baxter Cookie Settings/Do Not Sell My Personal Information. The Penn State Board of Trustees is the 38-member [1] governing body for The Pennsylvania State University. Board membership is less stressful and time-consuming than earlier positions board members have taken on, while still offering an impressive income. 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. 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. Several of these action items have further details; you can read the. But I am not an advocate for the prices we have paid for many of those projects. This article and all of our journalism are available to you at no cost thanks to our supporters. 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. Hundreds of Penn State faculty are publicly and privately questioning university leadership. Sign up for our regional newsletter, Talk of the Town. . . This leads us to the question of how many total Trustees should Penn State have? In a statement, the university said it was disappointed in the IFCs decision. Previously, independent Greek-letter councils oversaw misconduct investigations. 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. Sent every Friday and Monday. University officials said they are exploring other ways to increase revenue, which typically comes from tuition and state appropriations. Penn State Greek Life has faced multiple scandals and allegations of misconduct, including the death of a freshman in 2009. Edward B. Trustees appointed by the Governor serve until their successors have been appointed and confirmed. 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. On this Wikipedia the language links are at the top of the page across from the article title. That is what the William Penn University Board of Trustees does. An increase in tuition rates for students will also take effect.. A 2% general . I hope you appreciated this article. spotlightpa.org/donate. Our journalism is produced to serve the public interest not profit motives. Serving on Penn State's Board of Trustees, elected by the alumni, since 2014. That purpose, as defined by the bylaws of the University, is a multi-campus public research university that educates students from Pennsylvania, the nation and the world and improves the wellbeing and health of individuals and communities through integrated programs of teaching, research and service.. 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. Your use of this website constitutes acceptance of the Terms of Use, Supplemental Terms, Privacy Policy and Cookie Policy. Right now, we are not even close in fundraising. 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. region. ]. Then third, how do we define what the right thing is for Penn State? 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. For its July meeting at the universitys York campus, the board paid $17,800 on Reception/Dinner expenses. 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. six ((). How to calculate a reasonable fee is one questionwhether or not you should accept it is a wholly separate issue. Fax: (814) 863-4631 This is commonly referred to as ESG, or Environmental, Social, and Governance investing. our exclusive reporting, plus the most important news and events from M. Abraham Harpster (2022) Co-Owner, Evergreen Farms, Inc. Chris R. Hoffman (2024) Vice President, Pennsylvania Farm Bureau, Mark H. Dambly (2023) President, Pennrose Properties, LLC. 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. You do not seek power or popularity. Nolan is soiling them tor 12.60. 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. *President, The Pennsylvania State University, Secretary, Department of Conservation and Natural Resources, Acting Secretary, Department of Education. Penn State currently recognizes more than 60 Greek-letter organizations, grouped under four governing councils, and lists eight suspended fraternities on its website. 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.
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