Elmwood Park, aa addition to the City ot Kansas, Jackson 000317. I was the teaching assistant for COMM 409: News Media Ethics - one of the only undergraduate teaching assistants at Penn State. A board of trustees is a group appointed to preside over a nonprofit, charitable foundation or business. (State College) The Penn State Board of Trustees approved a salary increase for university employees on Thursday. Including a plethora of interpretations/viewpoints that would significantly restrict investment options in the Penn State Endowment for non-financial reasons. 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. 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. And I am quite sure, those types of considerations have taken place within Penn States investment management. 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%. All rights reserved (About Us). that include details of the history of increases to Room and Board. 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 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. region. Spotlight PA relies on funding from 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. I encourage you to watch it in its entirety. And because as trustee, you're in control of those assets, that means you're in charge of paying yourself. 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. 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 trustee's payment comes from the trust assets. At least mine. The trustees, on the other hand, are the governance that sets the strategies and policies of Penn State. ), 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.]. our region. In that capacity, she became involved in the Jerry Sandusky scandal. And at the same time we will remove the futility some of us feel with the current trustee elections. Because the alumni-elected members only constitute one-quarter of the voting members of the board it appears to me that the opinions of those alumni members could easily be ignored or minimized, regardless of the worth of those opinions. Insurance Rates Raised. Copywriters are not paid to write. Many trustees do, and it's certainly appropriate to be paid for the real work that comes with serving as a trustee. Penn States Lion Ambassadors were accused of hazing. Board of Trustees Developing great leaders is something we take pride in and is a major component of our curriculum. They usually have or formerly had other careers and are happy to provide their expertise to a charitable organization. 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). 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Sign up for our regional newsletter, Talk of the Town. This is something that is never discussed, especially when Penn State Trustees lament over lack of State funding for the University. 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,. (Action Item 7), [Amendments to the operating guidelines of the Boards subcommittee on compensation. 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. The expense reports show the trustees paid the Penn Stater more than $100,400 for Meals and Break Services during meetings there. 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). With gratitude, For example, in May 2022, the board paid $10,858.54 for Barron video and Fleet.. This story has been updated with additional comment from Penn State. ). 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. You'll have to report it on your annual income tax return, and pay tax on it. 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. 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 To do that I need to ask three questions: Who are the stakeholders of Penn State University? 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. The University's Official News Source. 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. Alice W. Pope (2023) Retired Associate Professor, Department of Psychology, Brandon D. Short (2024) Executive Director and Portfolio Manager, PGIM Real Estate. 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. University Park, PA 16802, Phone: (814) 865-2521 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. Participate in upcoming trustee elections and learn more about the candidates. 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. The attorney listings on this site are paid attorney advertising. For the past six meetings, the trustees spent more than $75,000 total, or an average of roughly $12,500 per meeting. . spotlightpa.org/donate. That said, we have many highly-qualified and experienced elected, voting members of the Board capable of taking on such a role. You do not seek power or popularity. who are committed to accountability journalism that gets results. 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. Share feedback on issues related to the Boards responsibility for governing and stewarding the University using an anonymous feedback form. Penn States recent spending comes during a university-wide effort to tighten its belt and a recent tuition hike. Error! Consider it just one more family responsibility, which you meet because it's the right thing to do, not because you're being paid for it. 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. SUMMARY OF THE BUDGET PLAN. For the past six meetings, the trustees spent more than $75,000 total, or an average of roughly $12,500 per meeting. Granted, thats not necessarily the case, but its certainly possible with the makeup with the board as is. 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. 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.

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