Penn State University has not reimbursed Pa. State Police for security at Proud Boys event, Penn State paid state, local police almost $1.9 million for 2021 home football game security. The pledge cost Penn relatively little; the market value of its endowment increased by 38 percent, or $5.6 billion, in the following year. Last semester, the university recorded more than 30 violations of hazing, alcohol misuse, or sexual misconduct among IFC organizations. Hundreds of Penn State faculty are publicly and privately questioning university leadership. 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. Do Not Sell or Share My Personal Information, real work that comes with serving as a trustee, Do Not Sell or Share My Personal Information. spotlightpa.org/donate. One searches in vain for public praise of Penn's payment of the TCJA tax. Two members selected by the faculty and staff. . President, A.P. And I am quite sure, those types of considerations have taken place within Penn States investment management. The legislation comes amid growing public concern regarding oversight on Penn State's Board. 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. Its management that is concerned with the day-to-day operation of Penn State. Sent every Thursday. Penn State Greek Life has faced multiple scandals and allegations of misconduct, including the death of a freshman in 2009. Which is great, and tremendously improves the response time in dealing with software coding issues, but doesnt at all catch fundamental user unhappiness with a correctly functioning but useless interface. He had eight years left of that ten-year . Serving on Penn State's Board of Trustees, elected by the alumni, since 2014. More perhaps than any man I know? 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. [6] Note: The date in parentheses following each name below indicates the year in which the term will expire. 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. There are, however, some circumstances in which you might want to choose to forgo compensation. In the exercise of its responsibilities, the board delegates day-to-day management and control of the University to the president, with certain reserved powers as set forth in the Universitys bylaws. Learn more about addressing the board and how to sign up. 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. This article and all of our journalism are available to you at no cost thanks to our supporters. (Note: Trustee Lubrano voted Nay earlier in the Finance Committee meeting. The Penn State Board of Trustees passed a motion to fund a renovation to the Lasch Building during their virtual meeting on Friday afternoon. Outgoing Penn State President Eric Barron unanimously received a 2.5% raise from the university's Board of Trustees Friday afternoon. 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. Sent every Friday and Monday. Our journalism is produced to serve the public interest not profit motives. May 7, 2021 Old Main on Monday, March 15, 2021. Second, they are also individuals dependent on. The current Ohio State salary average of $73,930 is 2.9 percent below the average benchmark salary of $76,160. the success and advancement of the University. 7 train, local . That said, we have many highly-qualified and experienced elected, voting members of the Board capable of taking on such a role. 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. 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 Board of Trustees will be asked to consider and approve Penn State's operating budget on July 15, 2021. For the past six meetings, the trustees spent more than $75,000 total, or an average of roughly $12,500 per meeting. Hazleton, Pennsylvania native Jim Bognet has been connected to Penn State his entire life. During its May 7 meeting, the Penn State Board of Trustee's Committee on Governance and Long. 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. 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. Trustees are usually not paid for their duties, but they sometimes are. Many trustees do, and it's certainly appropriate to be paid for the real work that comes with serving as a trustee. [This is to replace Deloitte, our previous accounting and auditing firm. 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 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. Our journalism is produced to serve the public interest not profit motives. Interested to expand my network of PSU alums because all voices deserve to be heard, and all are . If you purchase a product or register for an account through one of the links on our site, we may receive compensation. Sign up for our regional newsletter, Talk of the Town. This is commonly referred to as ESG, or Environmental, Social, and Governance investing. When the video of the meeting is released I will post a link to it on my website. 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. Don't charge a professional ratethe hundreds of dollars an hour that a lawyer or financial advisor might chargeunless you have and are using special skills that justify it. Things are working, so whats the problem? Our readers keep us independent, beholden to no outside influence, and accessible to everyone whether they can afford to pay for news, or not. In 2018, Pennsylvania enacted the Timothy J. Piazza Antihazing Law, which created stricter penalties for hazing and required universities to report hazing violations. Though he was armed with a few sub-contract orders from the Tamil Nadu Electricity Board, he failed to obtain a business loan from any banks. Penn State's Board of Trustees elected or appointed six incumbent trustees and five new members during its meeting Friday. Christopher Baxter Now lets translate that into action and create a new Board of Trustees! 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. She is a senior studying digital and print journalism with a minor in creative writing through Schreyer Honors College. block. 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. For certain, those who advocate for ESG interpret that language as something very, very different. 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 Then third, how do we define what the right thing is for Penn State? 201 Old Main
Going through the highlights of the Penn State and State College news so you don't have to. Although Boards of Advisors do not have fiduciary responsibility, the President, Provost and Board of Trustees rely heavily on these boards to help inform the work of the schools and centers. I encourage you to watch it in its entirety. By participating in elections, attending meetings, and. More Local News to Love Start today for 50% off Expires 3/6/23, creation of a new vice president position, regularly holding private meetings that potentially violate Pennsylvanias transparency law. Sign up for our regional newsletter, Talk of the Town. (Action Item 7), [Amendments to the operating guidelines of the Boards subcommittee on compensation. Out of 710,381 eligible voters, 22,297 ballots were cast 105 of which were mail-in. I think they were all deemed to be permanent for the benefit and safety of the students.. A little over a week ago, my annual email from the Penn State Board of Trustees appeared in my inbox, requesting that I cast my ballot for alumni-elected members to the board. 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. And because as trustee, you're in control of those assets, that means you're in charge of paying yourself. The trustees, on the other hand, are the governance that sets the strategies and policies of Penn State. 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). 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. So, do we want to do this?, Vote - Yea: 29 Nay: 3 (Cairns, Detwiler, Fenchak) Abstain: 1 (Mumin). If you value this reporting, please give a gift today at For the past six meetings, the trustees spent more than $75,000 total, or an average of roughly $12,500 per meeting. 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. When expanded it provides a list of search options that will switch the search inputs to match the current selection.