The law allows for fines ranging from $100 to $1,000, plus the cost of prosecution, for a first offense. And how do we define what the right thing is? Most trustees are entitled to payment for their work managing and distributing trust assetsjust like executors of wills. Spotlight PA relies on funding from Missouri, which said deed of trust was given to secure tha payment of one principal promissory . Your use of this website constitutes acceptance of the Terms of Use, Supplemental Terms, Privacy Policy and Cookie Policy. Get weekend previews and weekend recaps from The Daily Collegian Sports staff sent to your inbox. Next, the citizens of Pennsylvania and the commonwealth itself have some stake in the university since the name Pennsylvania State University implies a connection. 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). There are, however, some circumstances in which you might want to choose to forgo compensation. 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. Rudy Glocker, a Nittany Lion letterman on the ballot in the race, said 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. 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. Trustees are not paid and the university reimburses their travel expenses, though some board members forgo that reimbursement, DuBois said. 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. (Tim Shaffer/Reuters) Penn State's Board of Trustees was blasted today in a newly released report on how the school handled the Gerald Sandusky child abuse debacle, accused of failing in. Hundreds of Penn State faculty are publicly and privately questioning university leadership. The trustees, on the other hand, are the governance that sets the strategies and policies of Penn State. 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. Nolan is soiling them tor 12.60. (Action Item 7), [Amendments to the operating guidelines of the Boards subcommittee on compensation. 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. Handling other people's money is a serious responsibility. 2023Spotlight PA228 Walnut St., #11728Harrisburg, PA 17108-1728. The expense reports show the trustees paid the Penn Stater more than $100,400 for Meals and Break Services during meetings there. Johns University, Executive Director and Portfolio Manager,PGIM Real Estate, National Healthcare Business Leader, Siemens Industry, Inc. Smart Infrastructure Division, CEO and President,First Citizens Community Bank, Senior Vice President,Senior Commercial Banker,Reliance Bank, Retired Chief Operating Officer, Liberty Property Trust, Retired President,CEO and Director,ADT Corporation, Retired Chief Executive Officer, Prologis, Former Project Manager,The Vanguard Group, President and CEO, North American Meat Institute, Chief Brand Officer, Hilton(Chair of theBoard of Trustees), College of the Liberal Arts, Penn State University, Professor of Sociology,Penn State Altoona, Assistant General Counsel, Buzzfeed, Inc.; Immediate Past President, Penn State Alumni Association, Office of the Board of Trustees Conflict of Interest Disclosure and Certification Summary Report, Committee on Academic Affairs, Research, and Student Life [PUBLIC]. What happened to the arrest, use of force data Penn State police promised to release? David R. Jones, Retired Assistant Managing Editor. He was a member, former chair, and current board member of the Penn State Behrend Council of Fellows. Monday - Friday The selection of an accounting and audit firm for Penn State. 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. For the past six meetings, the trustees spent more than $75,000 total, or an average of roughly $12,500 per meeting. Valerie L. Detwiler (2022) Senior Vice President, Senior Commercial Banker, Lynn A. Dietrich (2023) Retired Professional Engineer (PE). The planned renovation will cost $48.3 million, which is to be paid through private gifts and borrowing. 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. An email has been sent to with a link to confirm list signup. In recent years, these requests for taxpayer dollars have averaged over $500 million per year, over and above the "General Appropriation". More perhaps than any man I know? Nevertheless, the President, Graham B. Spanier and Vice President Gary C. Schultz and Athletic Director T. M. Curley with other cover Sandusky behavior form Board of Trustees. who are committed to accountability journalism that gets results. 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. 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 university declined to say whether any of the changes outlined in the November memo violate that agreement. This is the story of her high-wire act. Let us know what's going on! Spotlight PAs free weekly newsletter and get The Penn State Board of Trustees met Friday, February 17th 2023 at the Penn Stater to vote on eight agenda action items. Going through the highlights of the Penn State and State College news so you don't have to. 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. Error! February 28, 2023. William Schreyer -- a Penn State trustee whose daughter is a longtime board member of The Second . Sent every Friday and Monday. 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. An increase in tuition rates for students will also take effect.. A 2% general . Editor in Chief. In that capacity, she became involved in the Jerry Sandusky scandal. The structure of Penn State's 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. To do that I need to ask three questions: Who are the stakeholders of Penn State University? The pledge cost Penn relatively little; the market value of its endowment increased by 38 percent, or $5.6 billion, in the following year. So there we have all our criteria. As a special bonus, all new monthly gifts made today will be matched as 12X their value thanks to the generosity of the Lenfest Institute for Journalism. They usually have or formerly had other careers and are happy to provide their expertise to a charitable organization. Spotlight PA is different. 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. Christopher Baxter Set a rate that's appropriate given the kind of work you're doing, and then keep careful track, in writing, of how many hours you spend on trust business. 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. Spotlight PA is funded by foundations and readers like you who are committed to accountability and public-service journalism that gets results. 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. Roth and trustees David . Email: bot@psu.edu, Hours: 8:00 a.m. to 5:00 p.m. EST And because as trustee, you're in control of those assets, that means you're in charge of paying yourself. Board of Trustees | Penn State University. During its May 7 meeting, the Penn State Board of Trustee's Committee on Governance and Long. I am a strong advocate for inclusion of Trustees on the PSIC. If you're legally entitled to compensation, why not take it? The Penn State Board of Trustees passed a motion to fund a renovation to the Lasch Building during their virtual meeting on Friday afternoon. 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. 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. 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. ). Two members selected by the faculty and staff. YouTubes privacy policy is available here and YouTubes terms of service is available here. Youve been reading our work. Now join thousands of your friends and neighbors in supporting it. May 7, 2021 Old Main on Monday, March 15, 2021. helping shape future decisions that can have a lasting impact on our students, faculty, staff, alumni, and community members. 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. There was an error processing your request. Adding the sentence citing social and environmental considerations to the existing language of The Universitys funds will be invested to achieve maximum return with an acceptable degree of risk may seem like a clear phrase, but it is not. (Closed on campus holidays). 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. Proposed Changes in Room and Board Charges for 2023-24 Academic Year. This is something that is never discussed, especially when Penn State Trustees lament over lack of State funding for the University. Stay up to date on the boards activities and get involved. Note: The date in parentheses following each name indicates the year in which the term will expire. And because as trustee, you're in control of those assets, that means you're in charge of paying yourself. Also, the Philadelphia mayor and school board effusively praised the "historic gift" of the university. Penn States Lion Ambassadors were accused of hazing. 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,. The group made local news last week after allowing its fraternities to register State Pattys weekend social events for the first time since 2011. Especially in tighter economic times, people should not be forced to choose between the essentials, and essential news. It could get very expensive with regard to damaging the endowments investment performance - and all the fallout that entails. 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%. (Action Item 8), [Authorizes the Vice President of Finance to execute the LCB applications for various locations on campus. For its July meeting at the universitys York campus, the board paid $17,800 on Reception/Dinner expenses. In partnership with the president, the board seeks to advance the institution while acting in the best interests of the University community. But the point was that I felt I was engaged and making reasonably good choices. Spotlight PA is different. 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. It is not detrimental to our program to do so. 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. Learn more about addressing the board and how to sign up. 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. Previously, independent Greek-letter councils oversaw misconduct investigations. Approval of Subcommittee on Compensation Operating Guidelines. The trustee's payment comes from the trust assets. Alice W. Pope (2023) Retired Associate Professor, Department of Psychology, Brandon D. Short (2024) Executive Director and Portfolio Manager, PGIM Real Estate. (State College) The Penn State Board of Trustees approved a salary increase for university employees on Thursday. Sign up for our regional newsletter, Talk of the Town. 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. Chairman Keith Masser sent an email to trustees around 8 p.m. Friday announcing that Karen P
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