What follows is a "Play by Play" Recap of the PSU Alumni -Elected Trustees Candidates Town Hall. Think of it as the opportunity to watch a football game - but edited down to eliminate the commercials and time outs. The Town Hall was held on April 8th, 2021, featuring the six candidates on the ballot for … Continue reading Candidates for Penn State Board of Trustee Elections, Part 2: Town Hall Play by Play, April 2021
Author: barryfenchak4trustee
Candidates for Penn State Board of Trustee Elections: Town Hall Discussion, April 2021
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. The Town Hall, held via ZOOM session, was put together by PS4RS - and is available at the link below. Link to the video of the Town Hall:https://www.facebook.com/PS4RS/videos/451371632620785 The … Continue reading Candidates for Penn State Board of Trustee Elections: Town Hall Discussion, April 2021
Penn State Athletics: Bewildering Rationales – and even more Bewildering Costs – of Football Building Renovations
Among the items on the agenda for the Penn State Board of Trustees meetings of 2/18/21 was the approval of expenditures for renovations to the Lasch Building. The Lasch Building is Penn State Athletics' football building - housing locker rooms, offices, training facilities, etc.The Board of Trustees approved another round of funding - for $50 … Continue reading Penn State Athletics: Bewildering Rationales – and even more Bewildering Costs – of Football Building Renovations
Platform for Responsible Governance at Penn State
There are many issues and challenges facing Penn State - and higher education throughout the Country.These are the greatest challenges facing Penn State today - and our Board of Trustees needs to act now - and needs to act decisively - to turn Penn State onto a path for future excellence. 1. Cost of Tuition. … Continue reading Platform for Responsible Governance at Penn State
The Penn State Endowment…. Who’s Getting Rich?
Over the last few years, the fees paid out to Penn State's Investment Advisers have increased from approximately $11 Million per year, to nearly $75 Million per year. These fees are approved by the PSU Board of Trustees every year.... without comment, question, or opposition. That INCREASE of $64 Million per year would fund over … Continue reading The Penn State Endowment…. Who’s Getting Rich?
The Curious Case of Sandy Barbour: Penn State Athletics’ Response to Impending Revenue Shortfall
With the impact of COVID-19 on Intercollegiate Athletics, the Penn State Board of Trustees approved adjustments to the Penn State Intercollegiate Athletics' operating budget. These projections, known as pro-formas, are compiled for very important reasons. Any business, including Penn State Intercollegiate Athletics (PSU ICA), relies on forecasts of Revenues and Expenses in order to appropriately … Continue reading The Curious Case of Sandy Barbour: Penn State Athletics’ Response to Impending Revenue Shortfall
What should our Trustees be doing to combat the Scoundrels – Right Now.
At their July 2020 meetings, the leadership of the PSU Board of Trustees is moving forward with plans that will lead to the elimination of the last vestige of Board accountability - eliminating the right of Penn State Alumni to openly elect 9 members to the Board. These are the only positions - on the … Continue reading What should our Trustees be doing to combat the Scoundrels – Right Now.
The Real Costs of Fiduciary Negligence
Funds that could have endowed 2,000 full scholarships for PSU students. 2,000 Full Scholarships for PSU students, each and every year, forever. All thrown away - for absolutely no benefit. Recent Letter to the Editor in the CENTRE DAILY TIMES: As the individuals responsible for oversight of the Penn State endowment, Penn State’s trustees have … Continue reading The Real Costs of Fiduciary Negligence
What would be the Financial Impact of Penn State “Cutting” some Sports?
As the NCAA cancelled spring sports across the Country, due to the Corona Virus concerns, there have been many discussions regarding the potential financial impact to University Athletic Department budgets. Among the topics discussed has been whether or not it may make sense to reduce the number of sports offered - particularly those sports that … Continue reading What would be the Financial Impact of Penn State “Cutting” some Sports?
Chronicle of Higher Education: “Where Does Tuition Money Go?”
The Chronicle of Higher Education recently (June of 2019) published a listing to tabulate which Universities charged more (or less) in tuition than what they spent educating students. Essentially, the Chronicle looked at: "Do Universities use their tuition revenue to educate students, or do they use it to pay for administration and other non-educational purposes" … Continue reading Chronicle of Higher Education: “Where Does Tuition Money Go?”
