Obviously the alumni, and current students by virtue of their pending alumni status, are the largest stakeholders. Last year, USC's. I am a strong advocate for inclusion of Trustees on the PSIC. 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. In July, the board voted to raise tuition by 5%-6% to help increase revenue. 4/30/21 4:05 am. Spotlight PAs free weekly newsletter and get You have permission to edit this article. 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. Penn State's Board of Trustees elected or appointed six incumbent trustees and five new members during its meeting Friday. 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. In partnership with the president, the board seeks to advance the institution while acting in the best interests of the University community. Penn State trustees install new leadership - CBS News 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 . ). Board membership is less stressful and time-consuming than earlier positions board members have taken on, while still offering an impressive income. We must be able to finance projects like this through philanthropyjust as Ohio State, Michigan, and others do. And because as trustee, you're in control of those assets, that means you're in charge of paying yourself. six ((). I am an advocate for many of those projects in principle. Otherwise, we will always be behind. 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 spotlightpa.org/donate. Share your thoughts with the board at an upcoming meeting. This is the story of her high-wire act. Penn States Lion Ambassadors were accused of hazing. But that is not what ESG investing is. And I am quite sure, those types of considerations have taken place within Penn States investment management. Right now, we are not even close in fundraising. 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. 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. If you're legally entitled to compensation, why not take it? 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. Edward P. "Ted" Junker III '59 | Penn State Behrend The university also wants to engage Greek life and student media to discuss promoting the strengths and benefits of Greek life.. They usually have or formerly had other careers and are happy to provide their expertise to a charitable organization. block. (Action Item 8), [Authorizes the Vice President of Finance to execute the LCB applications for various locations on campus. 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 . In the alumni election, the distribution of votes per candidate was as follows: Additionally, Donald Cairns was elected and incumbent Chris Hoffman was reelected by the delegates of agricultural societies, Robert Fenza and Mary Lee Schneider were reelected as trustees representing business and industry, Julie Anna Potts was reelected as an at-large trustee and Nicholas Rowland was elected as the boards academic trustee. Board Member Salary in Texas | Salary.com The trustees are unique in that they have two distinct advantages. A "Town Hall" panel was held on April 8th, 2021, featuring the six candidates on the ballot for Penn State University Board of Trustee Alumni Elections. 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. Going through the highlights of the Penn State and State College news so you don't have to. Penn States recent spending comes during a university-wide effort to tighten its belt and a recent tuition hike. Everyone deserves access to the facts. 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). Thanks for reading Barry Fenchak For Penn State Trustee! To someone like myself, who works in the investment management field, considering other factors aside from pure financials is common and prudent. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Penn State football practice fields to get makeover | Centre Daily Times He first served on the Board of Trustees from 2012 through 2018 before winning another term in 2020. USC's trustees call the shots at the university. Who are they? | The State 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. 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. Who the stakeholders are, who will do the right thing, and what is the right thing. 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. *President, The Pennsylvania State University, Secretary, Department of Conservation and Natural Resources, Acting Secretary, Department of Education. Editor in Chief. All rights reserved (About Us). Missouri, which said deed of trust was given to secure tha payment of one principal promissory . During the Sept. 22 governance committee meeting, David Kleppinger, a governor-appointed trustee, said the board supports university-operated services. The trustee's payment comes from the trust assets. Proposed Authorization to Engage External Auditors (Action Item 1). For the past six meetings, the trustees spent more than $75,000 total, or an average of roughly $12,500 per meeting. 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. Second, who are the people most likely to do the right thing? The COVID-19 Operations Control Center at Penn State released its plans for coronavirus mitigation, which will be in effect during May and the. 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. 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. PDF AGENDA ITEM 3. - Pennsylvania State University 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. The board also paid $61,700 for "Purchased University Services," though the reports offer limited details about those services. Spotlight PA is different. Sign up for 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. 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. Director of Operations,PA Municipal League. How Much Board of Directors Members Get Paid and What They Do In some states, the information on this website may be considered a lawyer referral service. If you're interested in submitting a Letter to the Editor, click here. Share feedback on issues related to the Boards responsibility for governing and stewarding the University using an anonymous feedback form. The press. Trustees appointed by the Governor serve until their successors have been appointed and confirmed. But I am not an advocate for the prices we have paid for many of those projects. We need to have our eyes wide open as we consider this change, with regard to what it will mean long-term. Biden says he will sign resolution blocking D.C. crime law This may be one of those times when the old adage, Ignorance is bliss might be more conducive to a positive alumni mindset. Penn State recorded 45 violations among IFC organizations during the spring 2017 semester. Hundreds of Penn State faculty are publicly and privately questioning university leadership. For example, in May 2022, the board paid $10,858.54 for Barron video and Fleet.. Your support enables us to continue to produce tough, unique reporting you wont find anywhere else. Penn State currently recognizes more than 60 Greek-letter organizations, grouped under four governing councils, and lists eight suspended fraternities on its website. Indiana University of Pennsylvania President Michael Driscoll was the top earner among the State System schools at $438,000. Thats what causes my feelings of futility. It's . Join us virtually at the next meeting livestream. Christopher Baxter This article and all of our journalism are available to you at no cost thanks to our supporters. Sign up for Most trustees are entitled to payment for their work managing and distributing trust assetsjust like executors of wills. 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. If you value this reporting, please give a gift today at My comments from the Penn State Board of Trustees Meeting, February 17 2023 PA Seeks To Hold Penn State Board Of Trustees More Accountable Trustees are usually not paid for their duties, but they sometimes are.