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PASSHE Institutions Merging

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  • Fightingscot82
    replied
    Originally posted by only1 View Post
    So why does the Commonwealth give a dime to PSU or Pitt? PSU Endowment at $4.4 billion.
    https://www.pionline.com/endowments-...ogs-366-return

    Pitt Endowment:
    $5.6 billion
    https://www.utimes.pitt.edu/news/end...S%20990%20form.

    The Commonwealth provides funding yet they do not have disclose records to the state. Absolutely insane and nonsensical.
    To subsidize R1 education. PA has funded Penn State since it began, but Pitt has only received funding since the mid 60s. They were a big private university on the verge of bankruptcy and it was the trend to have states adopt struggling privates. Ohio added Toledo, Cincinnati, Akron, and Youngstown to supplement Ohio, Ohio State, Bowling Green, Kent, and Miami.

    Leave a comment:


  • Ship69
    replied
    Originally posted by only1 View Post
    So why does the Commonwealth give a dime to PSU or Pitt? PSU Endowment at $4.4 billion.
    https://www.pionline.com/endowments-...ogs-366-return

    Pitt Endowment:
    $5.6 billion
    https://www.utimes.pitt.edu/news/end...S%20990%20form.

    The Commonwealth provides funding yet they do not have disclose records to the state. Absolutely insane and nonsensical.
    Ship endowment, last I looked, is roughly $60 million. Of course this goes up and down with Wall Street. Northwestern's is usually around $9 billion, second only to Michigan in the Big 10. I think Harvard's is around $60 billion.

    Leave a comment:


  • only1
    replied
    So why does the Commonwealth give a dime to PSU or Pitt? PSU Endowment at $4.4 billion.
    https://www.pionline.com/endowments-...ogs-366-return

    Pitt Endowment:
    $5.6 billion
    https://www.utimes.pitt.edu/news/end...S%20990%20form.

    The Commonwealth provides funding yet they do not have disclose records to the state. Absolutely insane and nonsensical.

    Leave a comment:


  • IUPNation
    replied
    It is hard to find any updated amounts for each schools endowment.

    Wikipedia has IUP at 60 million in endowment.

    On the IUP webpage for the Foundation..it states it that it manages 50 million in endowed funds and $250 million in real estate. But when is this info from, it does not say and is the $250 just something on paper?

    Leave a comment:


  • Ship69
    replied
    Originally posted by only1 View Post
    https://www.passhe.edu/News/Pages/Re...snNsS3PQL54EsA

    You have to admit this is at least some positive momentum for PASSHE. It is a good, yet imperfect system that needs a lift and a few tweaks. Just a shame they waited so long.

    Leave a comment:


  • IUPNation
    replied
    Originally posted by only1 View Post
    https://www.passhe.edu/News/Pages/Re...snNsS3PQL54EsA

    You have to admit this is at least some positive momentum for PASSHE. It is a good, yet imperfect system that needs a lift and a few tweaks. Just a shame they waited so long.

    Leave a comment:


  • only1
    replied
    https://www.passhe.edu/News/Pages/Re...snNsS3PQL54EsA

    You have to admit this is at least some positive momentum for PASSHE. It is a good, yet imperfect system that needs a lift and a few tweaks. Just a shame they waited so long.

    Leave a comment:


  • CALUPA69
    replied
    Uhh, I think that extra $150M is earmarked for paying off the ANGELO DOME and other assorted improvements in the Valley !?!?

    Leave a comment:


  • IUPNation
    replied
    Originally posted by Fightingscot82 View Post
    To quote POTUS when he was VPOTUS, this is a big f'n deal: https://www.inquirer.com/news/pennsy...-20220708.html
    Last edited by IUPNation; 07-08-2022, 02:15 PM.

    Leave a comment:


  • Fightingscot82
    replied
    To quote POTUS when he was VPOTUS, this is a big f'n deal: https://www.inquirer.com/news/pennsy...-20220708.html

    Leave a comment:


  • Fightingscot82
    replied
    Originally posted by ironmaniup View Post

    But in many of these cases, the Research faculty earns their own salary, through research grants, and if you don't get them, you don't stay at the research university. So for someone with a salary of 178 k its likely 1/3 of that comes from grants. And the law schools, Med schools and Engineering schools command much larger salaries than the 120 k you see other full profs at. The best ones pay all of their salary through grants, whcih can be really high if they direct an institute or something like that. Then there ar the guys who write books and get on TV - they get really high salaries. PSU can pay a faculty member whatever they want to, while PASSHE is limited to the contractual amounts.
    I think that's the explanation. Faculty know if they're world class or not. The 99% who are divided by who wants research/scholarship to be their focus and who wants teaching. PASSHE requires 4 courses per term when most schools are 3 courses per term. PASSHE's contract rewards years in the system rather than disciplinary prestige or department. English faculty make the same as MBA faculty with the same rank/experience. You also get capped at just north of $120k. That's a nice salary for 9 month work but nobody's getting rich.

    Leave a comment:


  • ironmaniup
    replied
    Originally posted by WarriorVoice View Post

    I just Googled it...The average Professor salary at Penn State is $178,298...At ESU, the average Professor salary is $64,847...I rest my case...
    But in many of these cases, the Research faculty earns their own salary, through research grants, and if you don't get them, you don't stay at the research university. So for someone with a salary of 178 k its likely 1/3 of that comes from grants. And the law schools, Med schools and Engineering schools command much larger salaries than the 120 k you see other full profs at. The best ones pay all of their salary through grants, whcih can be really high if they direct an institute or something like that. Then there ar the guys who write books and get on TV - they get really high salaries. PSU can pay a faculty member whatever they want to, while PASSHE is limited to the contractual amounts.

    Leave a comment:


  • only1
    replied
    Happy Integration Day to Bloom, Lock Haven and Mansfield!

    https://gantnews.com/2022/07/01/inte...ties-complete/

    Leave a comment:


  • IUPNation
    replied
    Originally posted by WarriorVoice View Post

    I just Googled it...The average Professor salary at Penn State is $178,298...At ESU, the average Professor salary is $64,847...I rest my case...

    Leave a comment:


  • IUPNation
    replied
    Originally posted by only1 View Post
    What will change, what won't, when Edinboro University becomes PennWest on July 1

    https://www.goerie.com/story/news/ed...s/65352609007/
    Transfer to IUP!

    Leave a comment:

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