All rights reserved (About Us). 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. He lauded the high education standards of the football team, that he prefers brain over brawn and then asked the audience why this so evident at Penn State. Many trustees do, and it's certainly appropriate to be paid for the real work that comes with serving as a trustee. And how do we define what the right thing is? She also served as Chair of the Penn State Board of Trustees from 2004-2007. One searches in vain for public praise of Penn's payment of the TCJA tax. Youve been reading our work. For the past six meetings, the trustees spent more than $75,000 total, or an average of roughly $12,500 per meeting. David R. Jones, Retired Assistant Managing Editor. . Mycommitment is to continue to work with each of you to ensure our focus, as a board, remains on strategic matters such as affordability, financial management, innovation, the future of higher education and ensuring Penn State is an inclusive environment for all., Your engagement with the board is critical and necessary to support. During its May 7 meeting, the Penn State Board of Trustee's Committee on Governance and Long. 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. And I think the university is still not aggressive enough in going after the groups or the individuals that break the rules.. On this Wikipedia the language links are at the top of the page across from the article title. Everyone deserves access to the facts. Other factors stem from emotions, not money. Writing well is important but our job . . The expense reports show the trustees paid the Penn Stater more than $100,400 for Meals and Break Services during meetings there. Matthew W. Schuyler (2023) Chief Brand Officer. Serving on Penn State's Board of Trustees, elected by the alumni, since 2014. In order to achieve our goals we must have people to guide and lead the way for us. 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.. But that is not what ESG investing is. 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%. Including a plethora of interpretations/viewpoints that would significantly restrict investment options in the Penn State Endowment for non-financial reasons. A board of trustees is a group appointed to preside over a nonprofit, charitable foundation or business. 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. A final stakeholder is the faculty and staff of the university. Spotlight PA is different. I encourage you to watch it in its entirety. For its July meeting at the universitys York campus, the board paid $17,800 on Reception/Dinner expenses. I am not a first generation college student but I do have siblings that are/have attended college. In a statement, the university said it was disappointed in the IFCs decision. 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, do we want to do this?, Vote - Yea: 29 Nay: 3 (Cairns, Detwiler, Fenchak) Abstain: 1 (Mumin). (Closed on campus holidays). Now join thousands of your friends and neighbors in supporting it. You'll have to report it on your annual income tax return, and pay tax on it. Second, who are the people most likely to do the right thing? Spotlight PAs free weekly newsletter and get Enter the email address you signed up with and we'll email you a reset link. STATE COLLEGE, Pa. - Penn State's Board of Trustees elected banking executive Karen Peetz to lead the embattled board and help the school negotiate the aftermath of a nightmarish child. In that case, lets use the ratio of alumni and student members to provide us with an answer here. The University of Pennsylvania's board of trustees is led by a New York City investment banker, one of many . Note: The date in parentheses following each name indicates the year in which the term will expire. 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. Let us know what's going on! 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. 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 During the Sept. 22 governance committee meeting, David Kleppinger, a governor-appointed trustee, said the board supports university-operated services. It could get very expensive with regard to damaging the endowments investment performance - and all the fallout that entails. the success and advancement of the University. 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. First, who are the stakeholders? DuBois said trustees use university-owned fleet vehicles and WPSU produced the video celebrating former university President Eric Barron, who retired in May. In fact, it is critical to the long-term health of our program that we do so. Proposed Authorization to Engage External Auditors (Action Item 1). 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 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. You do not seek power or popularity. fees paid from the Penn State endowment to outside investment advisors had averaged $10 . There is always one very straightforward financial consideration: a trustee's compensation is taxable income. Penn State currently recognizes more than 60 Greek-letter organizations, grouped under four governing councils, and lists eight suspended fraternities on its website. 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. When the video of the meeting is released I will post a link to it on my website, https://barryfenchak4trustee.com. Penn State declined to say whether the university still oversees misconduct investigations involving Greek life. Copywriters are not paid to write. foundations and readers like you Spotlight PAs free weekly newsletter and get our our exclusive reporting, plus the most important news and events from They have some skin in the game, as it were, and their personal connection with the university can be affected by what happens to and at Penn State. Most trustees are entitled to payment for their work managing and distributing trust assetsjust like executors of wills. I dont believe any of them were deemed to be temporary, Piazza said. I am an advocate for many of those projects in principle. 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. The legislation comes amid growing public concern regarding oversight on Penn State's Board. We're always interested in hearing about news in our community. With gratitude, The pledge cost Penn relatively little; the market value of its endowment increased by 38 percent, or $5.6 billion, in the following year. 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. Lodging was the second-highest category of spending for the board during the most recent cycle. 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. 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. Several of these action items have further details; you can read the. 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. The Penn State Board of Trustees is the 38-member [1] governing body for The Pennsylvania State University. 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. We have no billionaire owner or shareholders to consider. Christopher Baxter 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. Six members elected by agricultural organizations, Six members elected by the board and representing business and industry, One member elected by the board and representing the student body, One member elected by the board and representing the faculty, One member representing the Penn State Alumni Association, Three members elected by the board as at-large choices. Barron, who's set to retire in June, will now receive an annual salary of $876,612 about $21,000 more than last year. Whereas management is concerned with doing things right, governance is concerned with doing the right thing.. This leads us to the question of how many total Trustees should Penn State have? 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. Otherwise, we will always be behind. 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. 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. We must be able to finance projects like this through philanthropyjust as Ohio State, Michigan, and others do. In July, the board voted to raise tuition by 5%-6% to help increase revenue. When the video of the meeting is released I will post a link to it on my website. What happened to the arrest, use of force data Penn State police promised to release? Dan Greenstein, the new State System chancellor, who began working. The COVID-19 Operations Control Center at Penn State released its plans for coronavirus mitigation, which will be in effect during May and 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. 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). Copyright 2023 MH Sub I, LLC dba Nolo Self-help services may not be permitted in all states. Who the stakeholders are, who will do the right thing, and what is the right thing. 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 . Spotlight PAs free weekly newsletter and get our Handling other people's money is a serious responsibility. 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. Junker joined Marine Bank in 1964. Some trusts set out a flat or hourly fee for the trustee, but that's not too common. Success! Costs that are as much as double the costs incurred by many of our Big10 cohorts for similar projects, as I have discussed here. The median compensation for members of. We need to have our eyes wide open as we consider this change, with regard to what it will mean long-term. 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. Anthony P. Lubrano (2023) President, A.P. Penn States recent spending comes during a university-wide effort to tighten its belt and a recent tuition hike. University officials said they are exploring other ways to increase revenue, which typically comes from tuition and state appropriations. Second, they are also individuals dependent on. Email notifications are only sent once a day, and only if there are new matching items. Specifically HBCU, so I can tell you that going to an HBCU is truly important especially if you . I was the teaching assistant for COMM 409: News Media Ethics - one of the only undergraduate teaching assistants at Penn State. 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. If you value this reporting, please give a gift today at So it is money thats going back to the university for those services.. An email has been sent to with a link to confirm list signup. 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. 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 . 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. 80% of consumers turn to directories with reviews to find a local business. Check upcoming meeting dates or watch a recording of a previous meeting to find out what you missed. Trustees are usually not paid for their duties, but they sometimes are. Sign up for our regional newsletter, Talk of the Town. I think the monitoring should be enhanced, he said. 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. The attorney listings on this site are paid attorney advertising. Will you do your part today by making a contribution? 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. 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. In the exercise of its responsibilities, the board delegates day-to-day management and control of the University to the president, with certain reserved powers as set forth in the Universitys bylaws. (Action Item 7), [Amendments to the operating guidelines of the Boards subcommittee on compensation. His dad, brother, and sister all graduated from the university, along with at least 20 of his cousins. It is not detrimental to our program to do so. 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 . 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. Penn States recent spending comes during a university-wide effort to tighten its belt and a recent tuition hike. State law is unlikely to be much help either; many states set out rules for executors, but not for trustees. 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. 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. The board also paid $61,700 for Purchased University Services, though the reports offer limited details about those services. 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. Our readers keep us independent, beholden to no outside influence, and accessible to everyone whether they can afford to pay for news, or not. Edward B. Hundreds of Penn State faculty are publicly and privately questioning university leadership. foundations and readers like you Error! 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. It's . In July, the board voted to raise tuition by 5%-6% to help increase revenue. Melewsky questioned why the. Sign up today! An increase in tuition rates for students will also take effect.. A 2% general . There was a problem saving your notification. Penn State's Board of Trustees elected or appointed six incumbent trustees and five new members during its meeting Friday. Learn more about addressing the board and how to sign up. spotlightpa.org/donate. 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. The board also paid $61,700 for "Purchased University Services," though. 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. To balance the budget by 2025, the university is attempting to save an estimated $250 million and, in the last few weeks, it has both raised tuition and . Editor in Chief. But the point was that I felt I was engaged and making reasonably good choices. 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. Missouri, which said deed of trust was given to secure tha payment of one principal promissory . 4/30/21 4:05 am. 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.. Fax: (814) 863-4631 I encourage you to watch it in its entirety. 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. After a bit of a hiatus, Been There, Done That Podcast co-hosts Sarah Pellis and Lindsey Sauerhaft return for a new addition of the podcast.
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