What do President George W. Bush, writer William F. Buckley Jr., and actress Meryl Streep have in common? AAUP Faculty Salaries (W060) Faculty Salaries at Yale and Peer Schools (W061) Faculty Benefits at Yale and Peer Schools (W062) University Faculty Salary & Benefits (W107) Finance & Administration; Yale Community Diversity Today's episode is with DanRam. "What higher education is doing is mirroring the behaviors of the corporate world.". Won Institute of Graduate Studies. The report analyzed how much 550 private college presidents made in 2011, concluding the median total compensation was $410,523. The Office of the General Counsel (OGC) provides legal counsel, representation, and oversight of work on the wide range of legal matters affecting Yale University and its component organizations. Here are the 15 highest-paid public and private university presidents. Yale University President Peter Salovey, before a press conference Wednesday, May 10, 2017 at the Stetson branch library in New Haven. Forty-two presidents of private colleges were compensated with more than $1 million by their schools in 2011, up from 36 the previous year, according to a report released Sunday by the Chronicle of Higher Education on Sunday. Quinnipiac spent a total of $53.4 million in the category. It has a total undergraduate enrollment of 6,536 (fall 2021), its setting is city, and the campus size is 373 acres. Your email address will not be published. The top five reveals a variety of compensation packages that are common among university presidents as a whole. $3,204,864: Dean J Takahashi, Sr. Director of Investments. Besides construction and architectural projects, law firms Duffy Law and Wiggin & Dana received $500,000 and $440,938, respectively. QU grad accused of murder what is postpartum psychosis? Access your favorite topics in a personalized feed while you're on the go. New Haven mega-landlord fined $1,500 for housing code violations in fourth criminal case since May, Student hit by vehicle at York-Elm intersection hospitalized for injuries, Yale professor wins Academy Award for technical achievement, Professor Robin Fierce: RuPauls Drag Race contestant visits Yale Law School, Inside the Hahn Scholars programs push to recruit top STEM students, 202 York Street, New Haven, CT 06511 | (203) 432-2400, Swensens compensation consisted of a salary and bonus as well as benefits and deferred compensation. Number of Salaries Reported. President, Chabot College Position Type: Management Tenure Information: Position Code: 2EPR01 FTE: 1.0 Pay Rate (or Annual Salary): $217,500. Saloveys compensation included $948,084 in base pay, $53,741 in nontaxable pay and $155,663 in other pay. An annual report by the Chronicle of Higher Education in July 2017 ranks University of Connecticut President Susan Herbst as the state'stop-paid public university president for the 2015-16 school year. According to the Chronicle's senior reporter Jack Stripling, presidential pay is "chiefly driven by comparisons among peers.". Quinnipiac, Yale Presidents Among 50 Highest, Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Welcome to the new courant.com: Whats changed, FAQs and more, Quinnipiac, Yale Presidents Among 50 Highest Paid Chief Executives Of Private Colleges, CT legislators raising questions about heating assistance program, CT secures $18 million to combat PFAS in drinking water. Full Time Appointments. Bloomberg. as well as other partner offers and accept our, Stan Godlewski/The Washington Post via Getty Images, Sharon Pulwer/The Washington Post via Getty Images, Ronen Tivony/Pacific Press/LightRocket via Getty Images, Ian McVea/Fort Worth Star-Telegram/Tribune News Service via Getty Images, Neilson Barnard/Getty Images for the New York Times, Lane Turner/The Boston Globe via Getty Images. The Associate professor salary is increased by 2.86 % from $145,124 to $149,272 over 163 Associate professors. Required fields are marked *, Building permit for air conditioning unit installation in Larson Hall, Building permit for interior renovation to Quinnipiac President Judy Olian's house, Quinnipiac University President Judy Olian earned $1,023,741 during her first full year at the university in 2019, according to. Architectural company Apicella + Bunton received $1.04 million from the university in 2019. In a foreword to a 2009 book authored by Swensen, former Yale Corporation Investment Committee Chairman Charles Ellis 59 wrote that the investments office has contributed multiples more than any of Yales most generous benefactors to the University. View details. The year before (2015), Yale reported $5.5 billion in revenue and $3.3 billion in expenses (not including $259 million in depreciation). The Chronicle said the average pay of private college presidents who served the full year in 2015 was $569,932, up 9 percent over 2014. The following costs only included the estimated costs listed in the building permit of each project, it did not include costs listed in its electrical, mechanical and plumbing permits. The following five individuals/entities (interested persons) received: To read the IRS Form 990 (2015), click here. Position Focus: Reporting to the Director of Communications, the senior writer will support external and internal communications for the Office of the President. Total Employed Graduates. What used to be a breakdown of salaries, benefits, and bonuses now includes financial perks and opportunities similar to those given to CEOs of major corporations. The Chronicle updated its executive compensation tracker in July 2020 to include the most recent data on salaries from public and private institutions. The office is also responsible for overseeing the academic calendar, annual reports, and registration of non-undergraduate . This contamination is a threat., Labor asks CT to regulate Amazon warehouse quotas, A CT man faces state charges. The fourth individual to lead Harvards investments office in the past decade, Narvekar will earn at least $6 million this year, according to the Wall Street Journal. CT proposal causes confusion, concern. Less spending, investment loss: Quinnipiac's financial standing when COVID-19 began, Quinnipiacs 2018 finances give insight in how COVID-19 accelerated past spending, Olian earns $524K during her first six months as president, Less spending, investment loss: Quinnipiacs financial standing when COVID-19 began. Catherine Avalone/Catherine Avalone/New Haven Register. In 1841, James Smith Bush became the first member of the Bush family to attend Yale College (now Yale University). Considering the relatively low cost of living in the New Haven area, the resident salaries are highly competitive. Why CT waits for $95 million from OxyContin maker Purdue Pharma, HUSKY Health is helping immigrants. Her bonus pay, other pay, and nontaxable benefits accounted for 53% of total pay. According to tax filings from 2016, Swensen received about $930,000 more in compensation in the 2014 calendar year than in 2015. In 1716 the school was moved to New Haven, and in 1718 it was renamed Yale . 197. Yale University has an endowment valued at nearly $31.2B, as of the end of the 2020 fiscal year. Dr. Tessier-Lavigne was born in Trenton, Ontario, Canada. who earned $1.6 million in fiscal 2013 as president of Texas A&M University at College Station. Centerbrooks worked on the Learning Commons offices and On the Rocks pub on York Hill. University Policies, Procedures, Forms, and Guides, Student and Temporary Employee Salary Rates. A Yale spokesperson did not respond to a request for clarification regarding the compensation structure of university employees. 1. The Office of the President is located in Woodbridge Hall, a 1901 building erected specifically for administrative purpose. Hamden PZC approves South Quad project after three months of public hearings, 10% of students respond to Inclusive Excellence Survey, over 45% say campus is not diverse, Quinnipiac agrees to $2.5 million settlement in COVID tuition refund case, The Student News Site of Quinnipiac University, Your email address will not be published. Even as students struggle with rising college costs, university presidents rake in millions amid rapid increases in salaries, bonuses, benefits, and perks. The two fiscal years occurring in 2014 saw the endowment return 11.5 percent and 20.2 percent. Based on the current Yale University - YUSOA contract, the hourly rates in effect for new hires as of January 16, 2022 are posted below. Tenure-track positions have shrunk as low-wage adjunct professors who typically work without benefits increase on campuses, according to the American Association of University Professors. Many ancient pipes in CT aren't up to the task of draining storm water, yet officials just seem to shrug. Class of 2021. However, after going through building permits issued by Hamden and North Haven, the following were some of the major construction projects that happened in 2019 besides the three residence halls. As students find U.S. colleges increasingly unaffordable, university presidents' salaries at public and private schools continue to grow at a rapid pace. Marc Tessier-Lavigne. Heres what you need to know. He was accepted to Yale University before serving in the U.S. Navy, but deferred his entry to the university until after he was discharged from service. Yale University's president promised to prioritize diversity while filling six high-ranking positions in the administration, according to student newspaper Yale Daily News. The University of Chicago's Robert Zimmer was the highest paid president on the new list, earning $3,358,723. The most recent data is as of 2017 for private university presidents, and 2019 for public university presidents. . That list of ten peers included Steven H. Kaplan, president of the the University of New Haven, who earned $581,312. The current balance is $80,847. Another set of permits were issued the same year in September for a full interior renovation of the three residence halls, the estimated cost for each hall was at $1.9 million. YALE NEW HAVEN HOSPITAL 20 YORK STREET, NEW HAVEN, CT 06504 www.ynhh.org. Whether it's comparing her salary against Harvard's $3.9 billion budget or the university's $30 billion endowment, which is run by people making more than $5 million a year. Now hes indicted on federal cocaine trafficking charges, Do Not Sell/Share My Personal Information. An informational website that covers food, innovative products, books, culture, education, travel, and life experiences. Founded/President of High School Chapter. Yale's faculty salary increased by 2.71% compared to 2021 salary. At Quinnipiac, the following were the nine highest-paid employees in 2019, according to the filing: Besides salaries for employees, Quinnipiac spent $3.15 million for services from the five highest-compensated independent contractors. He is A 5x TEDx speaker, 3x entrepreneur, prolific speaker, and startup coach, his clients range from individual founders to national governments. Code Title 503 Account Assistant IV 953 Acquisitions Assistant III 628 Like other tax-exempt organizations, Yale is required by the IRS to annually file and make publicly available a document that details financial information including annual expenditure, revenues and information about its highest paid employees. Beyond the surge in overall compensation, the way in which university presidents get paid also has transformed. . Vice President Administrative Services. Over the last decade, experts have noted significant increases in university presidents' pay that show no signs of slowing down soon. University Chief Investment Officer David Swensen earned $4.2 million in 2015, marking yet another year in which the man leading the management of Yales multibillion-dollar endowment remained the schools highest paid employee. The average College President salary in the United States is $320,238 as of February 27, 2023, but the range typically falls between $242,991 and $444,708. The Form 990 (2015) also reports Yale paid for first class and chartered travel and travel for companions. As part of its report, the Chronicle compared the presidents salaries to those at ten similar institutions. QU President Judy Olian addresses campus news. A legal scholar and inspiring leader, Magill joined Penn after serving as Executive Vice President and Provost at the University of Virginia and, prior to that, as the Richard E. Lang Professor and Dean of the Stanford Law School. Lecturer Convertible (minimum) 84,000. Yale Pediatric House Staff are provided a full range of benefits from Yale-New Haven Hospital that include, but are not limited to: . University President Peter Salovey, by comparison, was paid about $1.4 million in the same year. As president, Daniels has focused on enhancing student access and reducing barriers to higher education. A sector-by-sector look at changes in average annual pay for workers in noninstructional jobs from 2012-13 to 2020-21. . Yale reported one housing loan in the amount of $100,000 to Scott Strobel, an officer. Andrew Carnegie founded the Carnegie Institution of Washington (Carnegie Science) in 1902 as an organization for scientific discovery. According to The Chronicles release, their study is based on latest available Form 990 tax filings of the 500 private and nonprofit colleges with the largest endowments. The return on its endowment was of $1.4B (4.5%), compared to the 3.43% average return ($10.5M on $307M) across all Doctoral Universities. Wesleyan University President Michael S. Roth made $871,182 and University of Hartford President Walter Harrison made $588,390 in total pay. The most recent years' compensation totals show high base pay rates with even higher bonuses and other pay. The decline in Swensens pay from 2014 to 2015 also coincided with a decline in the performance of Yales endowment, though returns consistently remained among the highest for universities. The next largest expense categories were for grants (primarily to domestic individuals for undergrad scholarships) which totaled $437 million, Fees for Services (primarily management related with no detail provided) of $186 million, office-related expenses (occupancy, IT, office and insurance) of $182 million, $170 million in supplies, and $145 million of other expenses (no detail provided). Kahlil Greene is an undergraduate at Yale University. Where Does $100 to the San Diego Zoo Wildlife Alliance Go(2021)? "They may include an entertainment allowance, a travel allowance, tuition support for family members, or even spousal pay.". Lahey said this spring he will retire in June 2018. Their study included data from 568 presidents serving at 500 institutions during the 2015 calender year. He holds secondary faculty appointments in the School of Management, the School of Public Health, the Institution for Social and Policy Studies, and the Sociology Department. The estimated additional pay is $107,942 per year. Most of the highest-paid presidents preside over private colleges, but two public-university presidents made the top 15: Georgia State University President Mark P. Becker and former Auburn University President Steve Leath. $53,702 / yr. Around $647,000 were expenses for study abroad programs. She began her 18-year tenure at Penn in 2004 and officially stepped down in February 2022 after being confirmed as the U.S. ambassador to Germany. Of his total compensation of $4,004,617, [] Some of Yale University's notable alumni are Indra Krishnamurthy Nooyi - CEO, and President, Pepsi, George W. Bush - Former President of the United States, Mario Monti - Former Prime Minister of Italy. Yale University, private university in New Haven, Connecticut, one of the Ivy League schools. Yale University; Yale Phonebook; Library & Reference . Yale University, which is right there with them, paid $1,652,543 to the now-retired President Richard Levin, placing him as the 10th highest paid. . $66,573. Yale University pays an average salary of $270,438 and salaries range from a low of $234,063 to a high of $314,860. Quinnipiac University President Judy Olian earned $1,023,741 during her first full year at the university in 2019, according to the 990 tax filing form for the fiscal year ending June 2020 that the IRS released in June. Salary stipends for 2020-2021 are: PGY1 - $69,209 PGY2 - $72,670 PGY3 - $76,303 PGY4 - $80,118 PGY5 - $82,522 PGY6 - $84,885 PGY7 - $89,129 PGY8 - $93 . He earned the rest in bonuses, other pay, and nontaxable benefits, which together accounted for 56% of his total compensation that year. The majority of the funds, or around $47.5 million, were labeled as investments in the Central America and the Caribbean region. She has a BA in journalism and previously worked with the South Florida Business Journal as a reporter and researcher. 2023 BestColleges.com, a Red Ventures Company, The Public Ivies, Little Ivies, and Other Ivy League Equivalents, University of Illinois - Urbana-Champaign, University of North Carolina - Chapel Hill, Do Not Sell or Share My Personal Information. The study was based on data from the 2015 calendar year and found the average pay for private college presidents who served a full year in 2015 was $569,932, according to a release from The Chronicle. As Yale's chief legal officer and legal . The gap between what faculty members and presidents earn has also risen. It utilizes . Privacy policy, To: FAS Department and Program Chairs; FAS Lead Administrators, Chairs Assistants, and Operations Managers, Cc: FAS Deans Office; FAS Steering; Provosts Office. Only King Abdullah of Saudi Arabia who recently funded the new King Abdullah University of Science and Technology with $20 billion has done more for a university anywhere in the world, he added. "There are various add-ons [in these contracts] that sometimes aren't even defined," said Judith Wilde, a research professor at George Mason University. 1,171 employees received more than $100,000 in compensation with . Should professors be worried? Though Swensen may earn more than his colleagues in New Haven, his compensation pales in comparison to his counterparts at the helm of at least one other Ivy League endowment despite Yales superior performance. Austin has also served as Senior Vice President of Strategy for . The Chronicle of Higher Education compiled compensation data from the Internal Revenue . The IRS Form 990 (2015 for the year beginning July 1, 2015 and ending June 30, 2016) reports 3,585 individuals received more than $100,000 in compensation with the 22 most highly compensated individuals listed below: $4,238,803: David F Swensen, Chief Investment Officer. According to the companys website, it led the renovation of Larson, Perlroth and Troup residence halls. His eclectic background growing up in 10 countries on 4 continents, his multi-continent education including Yale University and Trinity College, as well as his work in diverse industries from the UN to Consulting to . Wallace's base pay in 2019 was nearly equal to her total compensation package in 2018. In 2019, among 11 Connecticut four-year private colleges and universities with the 2019 fiscal year 990 forms available as of July 6, the Quinnipiac president's salary came in fourth. The estimated salary at Yale University ranges from approximately $29,936 per year for Chemist to $161,859 per year for Associate Professor. Yale University, which is right there with them, paid $1,652,543 to the now-retired President Richard Levin, placing him as the 10th highest paid. Quinnipiac President John L. Lahey ranked 24th with a salary of $1.45 million, while Yale Universitys Peter Salovey came in 40th with a salary of of $1.15 million. Ratio of total compensation to average full-professor salary: 18:1, Ratio of total compensation to average full-professor salary: 23:1, Ratio of total compensation to average full-professor salary: 35:1, Ratio of total compensation to average full-professor salary: 50:1. The answer is not as complicated as some people would lead you to believe. Jessica Bryant is a data reporter for BestColleges covering higher education trends. In 2016, Yale reported $4.8 billion in revenue and $3.4 billion in expenses (not including $257 million in depreciation). Richard C. Levin, Yale University, New Haven, Conn. Total compensation: $1,375,365. The third . The Chronicle reported Hatchs salary was boosted by a $2.89 million deferred-compensation arrangement accrued over 10 years paid out in 2015. Quinnipiac President John L. Lahey ranked 24th with a salary of $1.45 million, while Yale University's Peter Salovey came in 40th with a salary of of $1.15 million. Despite being the second highest-paid university president in 2019 due to his sizable compensation package for the year, Klasko's total pay in 2019 was an 18% decrease from the $5.4 million he earned the previous year. Posted 02/28/23. University Job TitleAssistant Vice President, DevelopmentBargaining UnitNone - Not included in theSee this and similar jobs on LinkedIn. The renovation came after, Quinnipiac paid interior construction and furniture company Strategic Spaces $743,257 in 2019. Actors Equity Association: How Membership Dues areSpent, Executive Compensation at Actors EquityAssociation, Executive Compensation at Shriners Hospitals(2020). Salaries for the 2022-2023 Academic Year. Quinnipiac paid interior construction and furniture company Strategic Spaces $743,257 in 2019. Top editors give you the stories you want delivered right to your inbox each weekday. maid, chauffeur, chef), and tax indemnification and gross up payments. Executive Compensation at the Alliance Defending Freedom(2020). Apply to Research Assistant, Director of Operations, Faculty and more! Administrative Vice Presidents. He was student body president from May 2019 to September 2020. He became president of the university . . 94,500. While the salary for a specific position will fall within this range, there are a number of factors also taken into consideration to determine the final salary. She made $449,579 during her last six months (January to June 2018) as a dean of school of management at the University of California Los Angeles. In New Haven, Yale President Peter Salovey earned $1.16 million in total pay during the 2015 calendar year. Accessibility not specifically part of South Quad construction planning, university official says, Why QU law and other schools are dropping out of this popular college ranking. Investment income and the sale of assets resulted in $2.1 billion in income (an 8% return) in income (although there was $1.7 in unrealized losses on investments which if recognized means the return was less than 2%. University of Pennsylvania President Amy Gutman ($3.1 million) was the top-earning Ivy League school president. His intention was for the institution to be home to exceptional individualsmen and women with imagination and extraordinary dedication capable of working at the cutting edge of their fields. Pounds / Hearst Connecticut Media, 2023 Hearst Media Services Connecticut, LLC, West Haven public housing waitlist highlights 'national crisis', New Haven St. Patrick's Parade led entirely by women this year, SCSU president steps down, accepts presidency at NJ university, State grants charter for all-boys school proposal in New Haven, Three arrested in connection with Woodbridge burglaries, cops say, Study: Tweed expansion would bring environmental improvements, CT board pressures West Haven on financial oversight fixes, Student brought knife to CT elementary school, official says, A reversal of fortune: Derby retail center continues rebound with new tenant American Freight, 'Tent City' residents get reprieve, for now, after New Haven, state order them to clean up, Three arrested in connection with string of January burglaries in Woodbridge, police say, Warrant: Ex-New Fairfield 'lunch lady' sent nude images to student on Snapchat for months before sex assault, Tweed New Haven environmental study says expansion would bring improvements, Milford development would include 50 apartments, municipal parking garage, CT grants charter for New Haven all-boys school proposal, The Best Private High Schools near New Haven, Guide to Legal Cannabis Dispensaries in CT, The Best Private Preschools Near New Haven. Jonathan Holloway, a U.S. historian, took office as the 21st president of Rutgers, The State University of New Jersey, on July 1, 2020. . Saloveys pay of $1.15 million included base pay at $948,084 with other pay coming in at $155,663. University of Utah. During her time at Penn, Gutmann championed affordable education access for low-income and first-generation students, more than doubling the number of these students on campus. On July 1, 2022, M. Elizabeth "Liz" Magill became the University of Pennsylvania's ninth President. Yale's former president Richard C. Levin was, at the time, one of the highest paid university presidents in the United States with a 2008 salary of $1.5 million. Gutmann's compensation in her early years with the university increased exponentially, then only saw minor shifts between 2013 and 2019. Daniels has been at the helm of Johns Hopkins University for the last 12 years and recently had his contract extended to stay on as president until 2029. The university does not release additional details about its operating budget outside the 990., This isnt about me: Tricia Fabbri reacts to her 500th career victory, Audit shows significant deficiencies in QUs financial recordkeeping. *Effective July 1, 2022. Here are the highest-paid university presidents from private and public colleges in the US: 15. Columbia University president Lee C. Bollinger is the highest-paid executive in the Ivy League. Klasko began his time as president of Jefferson in September 2013, retiring in December 2021. Gerken, the Sol & Lillian Goldman Professor of Law, became Dean in 2017 and is the first woman to serve in this role. A handful of the highest-paid college presidents have resigned from their posts. Of the 22 individuals listed above, 17 are men (or 78%) while 5 are women. Yale New Haven Health pays an average salary of $1,639,666 and salaries range from a low of $1,437,173 to a high of $1,877,674. Paula S. Wallace, Savannah College of Art and Design. With her colleague, Jim Finkelstein, she has analyzed approximately 250 presidential contracts. Likewise, Princeton University President Shirley M. Tilghman ranked 51st with $935,326 in compensation. He received undergraduate degrees in physics from McGill University and in philosophy and . The renovation came after asbestos was found in the walls. In 2019, Daniels' base pay exceeded $1.4 million while the remainder of his pay was earned in other pay and nontaxable benefits, which accounted for nearly 57% of his total compensation. Out of the total, $5.6 million was grantmaking money for different regions including North America, Central America, Asia, Europe, Middle East, Africa and Russia and neighboring states. Another architectural company, Amenta Emma, worked on Olians house, Student Health Services reception area and the CAS advising common. Feb 2021 - May 20214 months. In recognition of her record of accomplishments and vision for the future, Yale University President Peter Salovey reappointed Gerken to a second term as Dean on Jan. 19, 2022. Machtley, 70, announced last May he would retire at the end of the 2020 school year. For most executives, base pay accounted for less than half of their total compensation for the year. How Revenue is Spent at the AFL-CIO(2020), $4,238,803: David F Swensen, Chief Investment Officer, $3,204,864: Dean J Takahashi, Sr. Director of Investments, $1,790,227: Timothy R Sullivan, Director of Investments, $1,530,354: Khalid M Abbed, Chief Neurosurgery, Spine, $1,487,113: Alan Forman, Director, Investments, $1,366,401: Peter Salovey, Trustee and President, $1,171,984: Masoud Azodi, Professor, OB/GYN, $1,099,606: Peter G Shulam, Chair, Dept of Urology, $ 917,138: Robert J Alpern, Dean, School of Medicine, $ 639,608: Michael A Peel, VP for HR and Administration, $ 610,539: Bruce D Alexander, VP for New Haven and State Affairs, $ 573,359: Dorothy K Robinson, Former VP and General Counsel, $ 568,149: Alexander E Dreier, VP and General Counsel, $ 556,311: Linda K Lorimer, Former VP for Global and Strategy Initiative, $ 551,009: Joan E ONeill, VP for Alumni Affairs and Development, $ 545,706: Shauna R King, VP for Finance and Business Operations, $ 512,150: Scott A Strobel, VP for West Campus Planning, $ 454,276: John H Bollier, AVP for Facilities, $ 433,866: Kimberly M Goff-Crews, Secretary and VP for Student Life, $ 416,642: Stephen C Murphy, VP for Finance and CFO, $ 331,944: Michael J Donoghue, Former VP for West Campus Planning, $191,174: Patricia Preisig, spouse of Robert Alpern, a key employee, for compensation as a professor of medicine, $152,892: Stephanie Markovits, spouse of Benjamin Polak, an officer, for compensation as an English Professor, $108,195: Ricecan Realty, LP, (trustee and family members own more than 35%), for income distribution, $102,619: Wendy Sharp, spouse of Dean Takahashi, a key employee, for compensation as Lecturer of Music, $ 65,308: Marta Moret, spouse of Peter Salovey, an officer, for compensation as an Associate.
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