who are committed to accountability journalism that gets results. Sign up for I was the teaching assistant for COMM 409: News Media Ethics - one of the only undergraduate teaching assistants at Penn State. 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. Which results in our new World According To Hook Penn State Board of Trustees: Because the majority of the board will be held accountable by the alumni of the university, we can feel confident that they will do the right thing and continue the great 167-year legacy of Penn State for many years. He rose through successive management positions before being named president in 1974 and CEO in 1983. 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. And I am quite sure, those types of considerations have taken place within Penn States investment management. 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. It's . For the past six meetings, the trustees spent more than $75,000 total, or an average of roughly $12,500 per meeting. Otherwise, we will always be behind. Note: The date in parentheses following each name indicates the year in which the term will expire. There was a problem saving your notification. 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). 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. 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. The COVID-19 Operations Control Center at Penn State released its plans for coronavirus mitigation, which will be in effect during May and the. 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I cannot support increases to student fees for housing and food service unless and until we rein in the costs of these capital projects which directly impact the cost of room and board charged to students. 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. Chairman Keith Masser sent an email to trustees around 8 p.m. Friday announcing that Karen P Learn more about addressing the board and how to sign up. So if you're inheriting everything or almost everything in the trust, there's usually no reason to call some of the money a "fee"you'll only end up paying more tax than you have to. 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. Prior to publication of this story, Spotlight PA asked the university whether these changes which the school framed in the November memo as next steps had been implemented. Why isnt it on the hazing report? Now join thousands of your friends and neighbors in supporting it. In order to achieve our goals we must have people to guide and lead the way for us. 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. The University of Pennsylvania's board of trustees is led by a New York City investment banker, one of many . 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. [3], The main responsibilities of the board are to select the president of Penn State, to determine the goals and strategic direction of the University, and to approve the annual budget. 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. I think they were all deemed to be permanent for the benefit and safety of the students.. 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. 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. Christopher Baxter Spotlight PA is different. This article and all of our journalism are available to you at no cost thanks to our supporters. How to calculate a reasonable fee is one questionwhether or not you should accept it is a wholly separate issue. William Schreyer -- a Penn State trustee whose daughter is a longtime board member of The Second . 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). The board also paid $61,700 for Purchased University Services, though the reports offer limited details about those services. The University's Official News Source. There is always one very straightforward financial consideration: a trustee's compensation is taxable income. 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. (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. 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. Other factors stem from emotions, not money. Share your thoughts with the board at an upcoming meeting. Then third, how do we define what the right thing is for Penn State? 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. Your support enables us to continue to produce tough, unique reporting you wont find anywhere else. President Neeli Bendapudi also implemented a sweeping 3% budget cut. Previously, independent Greek-letter councils oversaw misconduct investigations. During the Sept. 22 governance committee meeting, David Kleppinger, a governor-appointed trustee, said the board supports university-operated services. 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. Last year, USC's. He was a member, former chair, and current board member of the Penn State Behrend Council of Fellows. Sign up today! In 2018, Pennsylvania enacted the Timothy J. Piazza Antihazing Law, which created stricter penalties for hazing and required universities to report hazing violations. 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. These changes, which the university has not publicly acknowledged, were discussed on Nov. 16, 2022, during a private gathering of university leadership, Greek life leaders, and members of the Committee on Academic Affairs, Research and Student Life, which is part of the Board of Trustees. 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. Second, who are the people most likely to do the right thing? University officials said they are exploring other ways to increase revenue, which typically comes from tuition and state appropriations. [4] Regular meetings of the board are held bi-monthly and take place primarily on the University Park campus, although on occasion meetings are held at other locations within the Commonwealth.[5]. And because the living alumni to student ratio is about 7:1, that will be the ratio of the elected members from these constituencies. Spotlight PAs free weekly newsletter and get Cookie Settings/Do Not Sell My Personal Information. Stay up to date on the boards activities and get involved. spotlightpa.org/donate. Including a plethora of interpretations/viewpoints that would significantly restrict investment options in the Penn State Endowment for non-financial reasons. spotlightpa.org/donate. 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. After a bit of a hiatus, Been There, Done That Podcast co-hosts Sarah Pellis and Lindsey Sauerhaft return for a new addition of the podcast. For the past six meetings, the trustees spent more than $75,000 total, or an average of roughly $12,500 per meeting. And because as trustee, you're in control of those assets, that means you're in charge of paying yourself.

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