Election Day Grows Near: What is really at Stake?Have we relinquished our rights to informed, engaged self-governance?Have we abdicated our responsibilities? Are either of the major party candidates for President "perfect" candidates? I don't think so.But that isn't really relevant. The only "perfect" candidate isn't an option.That guy, after a three day rest, rose again, … Continue reading The Election
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?
Since we first heard of "COVID-19", what have we learned?What have we done wrong... and what have we done right?And what does that tell us about ourselves, and our society? What have we learned about the Virus?: The most frightening thing about the early stages of COVID, was that we knew so little about it. … Continue reading COVID: What Have We Learned?
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
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.
Let's jump right to the point - so as not to waste the time of folks who are not interested in the truth: The entire BLM meme of "Racist Cops Targeting and Killing Black Men" - due to systemic racism, or any other reason - is simply nonsense. Abject nonsense. And that fallacy, when … Continue reading The Facts, The Fallacy – and The Dangers – of BLM
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
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?
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?”
Earlier - we discussed the bewildering increases to the fees paid to "Investment Managers" of the Penn State Endowment: https://barryfenchak4trustee.wordpress.com/?p=710 This BLOG will take a deeper dive into making sure we all know how the "Penn State Endowment" is constructed. And we will unravel some of the more disconcerting aspects of the Endowment and its … Continue reading A Deeper look at the Penn State Endowment