You'll probably also be in charge of determining the amount of your own compensation. 201 Old Main 2023Spotlight PA228 Walnut St., #11728Harrisburg, PA 17108-1728. Check upcoming meeting dates or watch a recording of a previous meeting to find out what you missed. And I am quite sure, those types of considerations have taken place within Penn States investment management. It's hard to argue with taking payment for your time and effort. He had eight years left of that ten-year . In order to achieve our goals we must have people to guide and lead the way for us. (Action Item 8), [Authorizes the Vice President of Finance to execute the LCB applications for various locations on campus. Its management that is concerned with the day-to-day operation of Penn State. This article and all of our journalism are available to you at no cost thanks to our supporters. Hundreds of Penn State faculty are publicly and privately questioning university leadership. Sign up for This is commonly referred to as ESG, or Environmental, Social, and Governance investing. Christopher Baxter The IFC is an independent organization overseeing fraternities at Penn State that are part of the North-American Interfraternity Conference. The median compensation for members of. With gratitude, 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. In partnership with the president, the board seeks to advance the institution while acting in the best interests of the University community. And I will admit, although Im not proud of it, there was a certain amount of name-recognition ultimately involved in many of my votes. 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 how do we define what the right thing is? For example, in May 2022, the board paid $10,858.54 for "Barron video" and "Fleet." So it is money thats going back to the university for those services.. 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. Now join thousands of your friends and neighbors in supporting it. I was recently talking to a seasoned Microsoft programmer who has to remind his younger counterparts that just because no one is complaining about a piece of software functionality doesnt mean its working. Sign up for Piazza added that he believes the 2017 measures were a good start but did not go far enough. (Closed on campus holidays), Conflict of Interest Disclosure and Certification Summary Report. 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. 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. This button displays the currently selected search type. ), 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.]. 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. STATE COLLEGE (MCT) - Two candidates for Penn State board of trustees in the crowded field have dropped out of the race. If we assign three board seats to the state, two to the faculty and one to the board for their use in filling a voice, we have a total of 30 trustees, and we hit our percentage goals above almost exactly. ]. I think they were all deemed to be permanent for the benefit and safety of the students.. This leads us to the question of how many total Trustees should Penn State have? Who are the people most likely to do the right thing? We're always interested in hearing about news in our community. 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. Donate to the Collegian by clicking the button below. 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.. President Neeli Bendapudi also implemented a sweeping 3% budget cut. foundations and readers like you We have no billionaire owner or shareholders to consider. block. Penn States recent spending comes during a university-wide effort to tighten its belt and a recent tuition hike. 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. Wyatt Massey of Spotlight PA State College, creation of a new vice president position, regularly holding private meetings that potentially violate Pennsylvanias transparency law, Unequal election policies disenfranchised Pennsylvania voters in 2022, by Kate Huangpu of Spotlight PA and Carter Walker of Votebeat, How anxiety came to dominate the big business of medical marijuana cards in Pennsylvania, Thousands of Pa. homeowners feel stuck in a high-stakes game of telephone with their homes, vital utilities on the line, What the public can and cant know about Four Diamonds, beneficiary of Penn State THONs fundraising, Grudges, tribalism, and infighting rife in Pennsylvania borough that hired the cop who killed Tamir Rice, by Min Xian of Spotlight PA State College, A complete guide and amendment tracker for proposed changes to Pennsylvanias Constitution, Penn State distances itself from past diversity proposals while launching similar efforts, by Wyatt Massey of Spotlight PA State College, Penn State trustees heard universitys diversity plan in secret 2021 gathering. Penn State trustees ratify request for major boost in state aid, Penn State trustees approve beer sales to general fan base during home football games. Trustees appointed by the Governor serve until their successors have been appointed and confirmed. Going through the highlights of the Penn State and State College news so you don't have to. Sign up for our regional newsletter, Talk of the Town. Our readers keep us independent, beholden to no outside influence, and accessible to everyone whether they can afford to pay for news, or not. What happened to the arrest, use of force data Penn State police promised to release? Professors, administrators and staff are being hired, producing work, managing others, getting paid and retiring. 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. The group made local news last week after allowing its fraternities to register State Pattys weekend social events for the first time since 2011. Granted, thats not necessarily the case, but its certainly possible with the makeup with the board as is. The Board of Trustees is Penn State's highest governing body established by the university's charter that holds responsibility for the "governance and welfare of the university and all interests pertaining thereto," according to the Penn State Board of Trustees website. Alice W. Pope (2023) Retired Associate Professor, Department of Psychology, Brandon D. Short (2024) Executive Director and Portfolio Manager, PGIM Real Estate. 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. Who the stakeholders are, who will do the right thing, and what is the right thing. So there we have all our criteria. 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. I think the monitoring should be enhanced, he said. Penn State agreed to tighten some of its Greek life rules as part of its settlement with the Piazza family. 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. Lodging was the second-highest category of spending for the board during the most recent cycle. 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 . Quentin E. Wood, Retired Chairman of the Board and Chief Executive Officer, This page was last edited on 4 February 2023, at 07:49. He was a member of the Penn State Board of Trustees, and served as both its president and vice president. Next, the citizens of Pennsylvania and the commonwealth itself have some stake in the university since the name Pennsylvania State University implies a connection. Cookie Settings/Do Not Sell My Personal Information. 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. For example, in May 2022, the board paid $10,858.54 for Barron video and Fleet.. A board of trustees is a group appointed to preside over a nonprofit, charitable foundation or business. The bulk of those expenses are for lodging, meals and break services, and other services, and that most of those are provided by university entities, Kleppinger said. I am an advocate for many of those projects in principle. Spotlight PA relies on funding from 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. Its a situation that describes how I feel about the Penn State Board of Trustees. 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. 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. 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 For its July meeting at the universitys York campus, the board paid $17,800 on Reception/Dinner expenses. Lodging was the second-highest category of spending for the board during the most recent cycle. I think this is a great starting point in our quest for people who will do the right thing for Penn State. And at the same time we will remove the futility some of us feel with the current trustee elections. Some trusts set out a flat or hourly fee for the trustee, but that's not too common. 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). SUMMARY OF THE BUDGET PLAN. our exclusive reporting, plus the most important news and events from 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.. 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. The board of trustees will vote Friday afternoon on whether to approve up to $7.5 million in renovations to the outdoor fields at the Lasch Football Building and the indoor Holuba Hall.