Penn State trustees install new leadership - CBS News . Trustees appointed by the Governor serve until their successors have been appointed and confirmed. Your contribution will help the Collegian provide award winning journalism to the Penn State community and beyond. Sent every Thursday. Stay up to date on the boards activities and get involved. DuBois said trustees use university-owned fleet vehicles and WPSU produced the video celebrating former university President Eric Barron, who retired in May. It's . President, A.P. 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. When the video of the meeting is released I will post a link to it on my website. Penn State's Board of Trustees Invited This Speculation 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. Hundreds of Penn State faculty are publicly and privately questioning university leadership. Anthony P. Lubrano (2023) President, A.P. 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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. For example, 10 years ago a manager considering an investment in TESLA would certainly, if looking solely at their financial statements, not make such an investment (TESLAs financial positions at that time were awful, compared to its peers). She is a senior studying digital and print journalism with a minor in creative writing through Schreyer Honors College. There was an error processing your request. Penn State Greek Life has faced multiple scandals and allegations of misconduct, including the death of a freshman in 2009. And because as trustee, you're in control of those assets, that means you're in charge of paying yourself. A board of trustees is a group appointed to preside over a nonprofit, charitable foundation or business. I am an advocate for many of those projects in principle. 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. 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. foundations and readers like you Its management that is concerned with the day-to-day operation of Penn State. He was a member of the Penn State Board of Trustees, and served as both its president and vice president. In some states, the information on this website may be considered a lawyer referral service. Spotlight PA is funded by foundations and readers like you who are committed to accountability and public-service journalism that gets results. (Action Item 8), [Authorizes the Vice President of Finance to execute the LCB applications for various locations on campus. Penn State plans to drop fraternity, sorority oversight That said, we have many highly-qualified and experienced elected, voting members of the Board capable of taking on such a role. The Project Gutenberg eBook of Historic Jamaica, by Frank Cundall This eBook is for the use of anyone anywhere in the United States and most other parts of the world at no cost an Six years later, Penn States new administration appears to be easing those restrictions. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession. Now lets translate that into action and create a new Board of Trustees! This is commonly referred to as ESG, or Environmental, Social, and Governance investing. Steve A. Garban, Senior Vice President for Finance and Operations/Treasurer Emeritus. It's hard to argue with taking payment for your time and effort. our exclusive reporting, plus the most important news and events from Penn State Forward campaign supports 3 candidates for Alumni Board of Many on the Board seem to think it does not indicate any change at all to the existing investment policy. This button displays the currently selected search type. Let us know what's going on! The COVID-19 Operations Control Center at Penn State released its plans for coronavirus mitigation, which will be in effect during May and the. Conflict of Interest Disclosure and Certification Summary Report, Committee on Academic Affairs, Research, and Student Life [PUBLIC]. (Closed on campus holidays). 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. Fax: (814) 863-4631 Your use of this website constitutes acceptance of the Terms of Use, Supplemental Terms, Privacy Policy and Cookie Policy. 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. Fax: (814) 863-4631 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's Board of Trustees elects, appoints incumbent trustees, new If you purchase a product or register for an account through one of the links on our site, we may receive compensation. This article and all of our journalism are available to you at no cost thanks to our supporters. exclusive reporting, plus the most important news and events from our Robert M. Frey, Attorney-at-Law, Frey & Tiley, P.C. But the point was that I felt I was engaged and making reasonably good choices. 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. So there we have all our criteria. So, do we want to do this?, Vote - Yea: 29 Nay: 3 (Cairns, Detwiler, Fenchak) Abstain: 1 (Mumin). It could get very expensive with regard to damaging the endowments investment performance - and all the fallout that entails. Thats what causes my feelings of futility. 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. Penn State trustee who chaired board in aftermath of Sandusky scandal Proposed Authorization to Engage External Auditors (Action Item 1). The attorney listings on this site are paid attorney advertising. Receive all the latest news and events right to your inbox. 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. With gratitude, 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. 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. Outgoing Penn State President Eric Barron unanimously received a 2.5% raise from the university's Board of Trustees Friday afternoon. SUPPORT THIS JOURNALISM and help us reinvigorate local news in north-central Pennsylvania at spotlightpa.org/statecollege. My comments from the Penn State Board of Trustees Meeting, February 17 2023 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. 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). As of 2022, the chair of the board of trustees is Matthew W. Schuyler, a graduate of Penn State and chief brand officer at Hilton. I am a strong advocate for inclusion of Trustees on the PSIC. Well, the above functions are the result of management. Second, who are the people most likely to do the right thing? DuBois said trustees use university-owned fleet vehicles and WPSU produced the video celebrating former university President Eric Barron, who retired in May. Previously, independent Greek-letter councils oversaw misconduct investigations. The younger programmers default to these statistics when determining which problems to fix. Trustees spent around $318,000 on expenses like food and lodging during meetings for its 38 board . Board of Trustees | Penn State University. STATE COLLEGE Penn State is quietly planning to roll back its oversight of fraternities and sororities, policies the university championed in 2017 following the hazing death of a student. Melewsky questioned why the. Valerie L. Detwiler (2022) Senior Vice President, Senior Commercial Banker, Lynn A. Dietrich (2023) Retired Professional Engineer (PE). During its May 7 meeting, the Penn State Board of Trustee's Committee on Governance and Long. Elmwood Park, aa addition to the City ot Kansas, Jackson 000317. To someone like myself, who works in the investment management field, considering other factors aside from pure financials is common and prudent. Edward P. "Ted" Junker III '59 | Penn State Behrend Lubrano also serves as the partial namesake for Penn State's campus baseball facility,. 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). If you value this reporting, please give a gift today at Like other boards of trustees throughout the state, USC's trustees are not paid a salary. They usually have or formerly had other careers and are happy to provide their expertise to a charitable organization. Penn States Lion Ambassadors were accused of hazing. He had eight years left of that ten-year . Penn State declined to say whether the university still oversees misconduct investigations involving Greek life. President Neeli Bendapudi also implemented a sweeping 3% budget cut. Interested to expand my network of PSU alums because all voices deserve to be heard, and all are . 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. I think this is a great starting point in our quest for people who will do the right thing for Penn State. 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. foundations and readers like you Edward B. The expense reports show the trustees paid the Penn Stater more than $100,400 for Meals and Break Services during meetings there. Share your thoughts with the board at an upcoming meeting. None of us, today, can know where this will end up. 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. With gratitude, 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. Penn students want voting rights on its board of trustees, like some other colleges. (Note: Trustee Lubrano voted Nay earlier in the Finance Committee meeting. Learn more about the purpose, goals, and members of each standing committee. To do that I need to ask three questions: Who are the stakeholders of Penn State University? The median compensation for members of. who are committed to accountability journalism that gets results. Spotlight PA is funded by foundations and readers like you who are committed to accountability and public-service journalism that gets results. Among the planned upgrades are the . Going through the highlights of the Penn State and State College news so you don't have to. In 2015, the university suspended a fraternity for violations that included members posting pictures of nude women, who were possibly unconscious, on a private Facebook page. Penn State football facilities: Board of Trustees approves Lasch And if it is, you do it no matter the cost.. I hope you appreciated this article. 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. Learn more about who members represent on the Elections page. 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. 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 graduate student assembly passed a resolution earlier this month, asking that one graduate student and one undergraduate be added to the board. For example, in May 2022, the board paid $10,858.54 for Barron video and Fleet.. There is always one very straightforward financial consideration: a trustee's compensation is taxable income. Quentin E. Wood, Retired Chairman of the Board and Chief Executive Officer, This page was last edited on 4 February 2023, at 07:49. Penn State Board of Trustees meetings: November 2021 - Substack Handling other people's money is a serious responsibility. Last semester, the university recorded more than 30 violations of hazing, alcohol misuse, or sexual misconduct among IFC organizations. But I am not an advocate for the prices we have paid for many of those projects. For its July meeting at the universitys York campus, the board paid $17,800 on Reception/Dinner expenses. Some trusts set out a flat or hourly fee for the trustee, but that's not too common. I encourage you to watch it in its entirety. Typically, either the trust document or state law says that trustees can be paid a "reasonable" amount for their work. The board also paid $61,700 for Purchased University Services, though the reports offer limited details about those services. You'll probably also be in charge of determining the amount of your own compensation. So it is money thats going back to the university for those services.. 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. 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. Its a situation that describes how I feel about the Penn State Board of Trustees. The previous fiscal year, 2014-15, the trustee meetings cost nearly $406,000. Out of 710,381 eligible voters, 22,297 ballots were cast 105 of which were mail-in. In January 2010, she was recruited to come to Penn State as the University's first general counsel, establish the Office of General Counsel and assist in recruiting a permanent general counsel. And how do we define what the right thing is? Everyone deserves access to the facts. The trustees, on the other hand, are the governance that sets the strategies and policies of Penn State. Spotlight PA is different. Lubrano and Company, Inc. 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. ], 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.]. In a statement, the university said it remains committed to the safety of all Penn State students and any changes in Greek life at Penn State would only be put into place after carefully considering how they would impact the well-being of our students., After publication, Penn State confirmed the proposed changes to Greek life oversight have not occurred. Story by Wyatt Massey of Spotlight PA State College. Students are applying, getting accepted, being housed and fed, attending classes, participating in extracurricular activities and getting degrees. Hundreds of Penn State faculty are publicly and privately questioning university leadership. Community Rules apply to all content you upload or otherwise submit to this site. Join us virtually at the next meeting livestream. You'll have to report it on your annual income tax return, and pay tax on it. Part 3: The proposal to appoint Randall E. Black, Barbara L. Doran, and Brandon D. Short, non-University employees, to membership (of the PSIC) with terms expiring in 2024, 2025 and 2026. Download this stock image: Penn State interim head football coach Tom Bradley, right, arrives for a press conference with interim athletic director Mark Sherburne, left rear, in State College, Pa., Thursday, Nov. 10, 2011. And it also enables us to share that work with more than 90 newsroom partners in your community and communities across the state at no charge. region. that include details of the history of increases to Room and Board. 7 train, local . Board Of Trustees Raises President Barron's Salary I dont believe that is accurate. Sign up today! 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. our region. Insurance Rates Raised. 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. Alvin de Levie and Steven Wagman were elected by university alumni as alumni trustees, and incumbent Brandon Short was reelected. Email notifications are only sent once a day, and only if there are new matching items. Everyone deserves access to the facts. The university declined to say whether any of the changes outlined in the November memo violate that agreement. PA Seeks To Hold Penn State Board Of Trustees More Accountable Then we should provide 5% of the board seats to the faculty and staff of the University so their voice can be heard in its governance. Alice W. Pope (2023) Retired Associate Professor, Department of Psychology, Brandon D. Short (2024) Executive Director and Portfolio Manager, PGIM Real Estate.