Lodging was the second-highest category of spending for the board during the most recent cycle. But that is not what ESG investing is. 843 Words4 Pages. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. In the World According to Hook, the easiest definition is those things that further the purpose of the university. block. Fax: (814) 863-4631 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. 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. Trustees | Office of the Board of Trustees - Pennsylvania State University Last semester, the university recorded more than 30 violations of hazing, alcohol misuse, or sexual misconduct among IFC organizations. For certain, those who advocate for ESG interpret that language as something very, very different. Vornado's Penn Station Development Plan Reaches Pivotal Point But I know we can be and have been in the past. Learn more about addressing the board and how to sign up. Eric Hagarty, Acting Secretary, Department of Education, Abraham Amors (2024) Director of Operations, PA Municipal League, Daniel J. Delligatti (2023) President and Owner/Operator, M&J Management Corporation, J. Alex Hartzler (2022) Managing Partner & Founder, WCI Partners, LP, David M. Kleppinger (2022) Chairman Emeritus, McNees Wallace and Nurick, LLC (, Stanley I. Rapp (2023) Partner, Greenlee Partners, LLC, Governor's Non-Voting Representative: William S. Shipley, III, Chairman, Shipley Group. He was a member of the Penn State Board of Trustees, and served as both its president and vice president. Members listed below as of May 31, 2022. Spotlight PA relies on funding from 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. 201 Old Main Indiana University of Pennsylvania President Michael Driscoll was the top earner among the State System schools at $438,000. 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.. For example, in May 2022, the board paid $10,858.54 for Barron video and Fleet.. foundations and readers like you But considering a more robust set of factors, including the consideration that TESLA might become a future market leader in a rapidly growing business, or that TESLAs leadership team had a strong track record of successful innovation a prudent investment manager might very well have made that investment. Sign up for our regional newsletter, Talk of the Town. 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. 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. Elmwood Park, aa addition to the City ot Kansas, Jackson 000317. Penn State's Board of Trustees elects, appoints incumbent trustees, new Second, they are also individuals dependent on. [6] Note: The date in parentheses following each name below indicates the year in which the term will expire. 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. Right now, we are not even close in fundraising. The trustees are unique in that they have two distinct advantages. Penn State's Eric Barron third highest paid public university president Julie Anna Potts (2024) President and CEO. Edward P. "Ted" Junker III '59 | Penn State Behrend 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. Ex-Penn State Trustee Decries Secrecy, Demands Reform Otherwise, we will always be behind. Penn State Board of Trustees approves increased salaries - WITF Get weekend previews and weekend recaps from The Daily Collegian Sports staff sent to your inbox. You have permission to edit this article. Alvin de Levie and Steven Wagman were elected by university alumni as alumni trustees, and incumbent Brandon Short was reelected. Spotlight PA is different. The alumni trustees' report, co-signed by former trustees Anthony Lubrano and Ryan McCombie, and current board members Ted Brown, Barbara Doran, Robert Jubelirer, William Oldsey and Alice. In a statement, DuBois said the board is aware of meeting costs and has worked for years to save money. Last year, USC's. This may be one of those times when the old adage, Ignorance is bliss might be more conducive to a positive alumni mindset. Serving on Penn State's Board of Trustees, elected by the alumni, since 2014. Penn State Nittany Lions -- Joe Paterno did business with leaders of 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. Two members selected by the faculty and staff. Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement, Privacy Policy and Cookie Statement, and Your Privacy Choices and Rights (each updated 1/26/2023). 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. I am not a first generation college student but I do have siblings that are/have attended college. 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. Penn State currently recognizes more than 60 Greek-letter organizations, grouped under four governing councils, and lists eight suspended fraternities on its website. Employees have questioned university leadership about a $71,000 raise for a top administrator, the creation of a new vice president position during the hiring freeze, and increases to employees workloads at a time when wages are outpaced by inflation. Dan Greenstein, the new State System chancellor, who began working. Donate to the Collegian by clicking the button below. Penn States recent spending comes during a university-wide effort to tighten its belt and a recent tuition hike. Jim Piazza, Timothy Piazzas father, told Spotlight PA he was not informed that the rules were provisional. Will you do your part today by making a contribution? At the time, Penn State said Greek lifes self-governance model had failed to bring an end to excessive drinking, hazing, sexual assault and overly large disruptive gatherings within their organizations.. 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 . In a statement, DuBois said the board is aware of meeting costs and has worked for years to save money. Email: [email protected], Hours: 8:00 a.m. to 5:00 p.m. EST DuBois said trustees use university-owned fleet vehicles and WPSU produced the video celebrating former university President Eric Barron, who retired in May. Dillard University | Biology Blog - Taylar Tunstall Intro [This is to replace Deloitte, our previous accounting and auditing firm. 'A complete and utter mess:' College athletics in turmoil as model To someone like myself, who works in the investment management field, considering other factors aside from pure financials is common and prudent. 4/30/21 4:05 am. One member elected by the board as an at-large choice. Penn State Board of Trustees meetings: November 2021 - Substack If you're interested in submitting a Letter to the Editor, click here. As Penn States governing body, the Board of Trustees takes a holistic approach to guiding goals, policies, and procedures as well as reviewing and approving University budgets. His dad, brother, and sister all graduated from the university, along with at least 20 of his cousins. 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. Penn State's Board of Trustees elects, appoints incumbent trustees, new members, Sarah Pellis & Lindsey Sauerhaft | The Daily Collegian, Penn States Board of Trustees approves new engineering building, demolition of Hammond Building, Penn State releases May, summer semester coronavirus mitigation plan, New Interim Vice President of Student Affairs Andrea Dowhower leads evidence-based, student-centered approach, Our reflection on spring semester 2023 so far | Been There, Done That. 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 He was a member, former chair, and current board member of the Penn State Behrend Council of Fellows. By participating in elections, attending meetings, and addressing the board, youre helping shape future decisions that can have a lasting impact on our students, faculty, staff, alumni, and community members. region. SUPPORT THIS JOURNALISM and help us reinvigorate local news in north-central Pennsylvania at spotlightpa.org/statecollege. The trustees, on the other hand, are the governance that sets the strategies and policies of Penn State. our exclusive reporting, plus the most important news and events from 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. So, do we want to do this?, Vote - Yea: 29 Nay: 3 (Cairns, Detwiler, Fenchak) Abstain: 1 (Mumin). This leads us to the question of how many total Trustees should Penn State have? Your support enables us to continue to produce tough, unique reporting you wont find anywhere else. 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 the Glory! 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. Amid budget crunch, Penn State trustees spent nearly $318,000 on meals 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. In 1999-00, Ohio State s average of $70,350 was 2.5 percent below the benchmark average of $72,130. historical city of Montgomery, Alabama. Andrew Solender / Axios: Biden says he will sign resolution blocking D.C. crime law President Biden said Thursday he would sign a GOP-led resolution to block changes to Washington, D.C.'s local criminal code that reduce maximum penalties for some violent crimes. 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. Missouri, which said deed of trust was given to secure tha payment of one principal promissory . Previously, independent Greek-letter councils oversaw misconduct investigations. The expense reports show the trustees paid the Penn Stater more than $100,400 for Meals and Break Services during meetings there. It's time for wealthy colleges to share the wealth (opinion) 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. Share feedback on issues related to the Boards responsibility for governing and stewarding the University using an anonymous feedback form. [2] Undergraduate students do not elect any trustees; the court case Benner v. Oswald ruled that the Equal Protection Clause of the Fourteenth Amendment did not require the undergraduate students be allowed to participate in the selection of trustees. She is a senior studying digital and print journalism with a minor in creative writing through Schreyer Honors College. Spotlight PAs free weekly newsletter and get I dont believe any of them were deemed to be temporary, Piazza said. With gratitude, 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. We on this Board might think that adding the ESG language is not a change from that type of decision making process. For the past six meetings, the trustees spent more than $75,000 total, or an average of roughly $12,500 per meeting. I think the monitoring should be enhanced, he said. In order to achieve our goals we must have people to guide and lead the way for us. The legislation comes amid growing public concern regarding oversight on Penn State's Board. Wyatt Massey of Spotlight PA State College, agreed to tighten some of its Greek life rules, recognizes more than 60 Greek-letter organizations, register State Pattys weekend social events, 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 English teaching faculty say they arent paid a living wage, by Wyatt Massey of Spotlight PA State College.
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