yale university president salary yale university president salary

In 2020, Gutmann's salary was back in the news after it was announced that she would not be taking a COVID-induced pay cut like many other university presidents, instead opting to take a pay freeze. To read more about these benefits, see Schedule J, Part III of the Form 990. 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. Johns Hopkins University . 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: As illustrated above, the most highly compensated individuals work in investments managing the $26 billion in assets. "Everyone we've looked at makes more than the governor of their state. Box 208229, New Haven, CT 06520-8229, President Peter Salovey addresses the Yale College Class of 2026, Yales new commitments to mitigating climate change. 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. Meet President Salovey. The University's compensation structure consists of many salary grades and bands. Richard C. Levin, Yale University, New Haven, Conn. Total compensation: $1,375,365. He became president of the university in July 2013. Position Focus: Reporting to the Director of Communications, the senior writer will support external and internal communications for the Office of the President. 285 Yale University salary data. Executive Compensation at the Alliance Defending Freedom(2020). The director, parent gifts has responsibility for leading the university's thriving parent giving program to unprecedented levels of success in the context of the $7 billion For Humanity campaign and beyond. Feb 2021 - May 20214 months. Tempe, AZ. The earnings place Lahey 24th on the list of highest-paid college executives in the country among private colleges. University President Peter Salovey, by comparison, was paid about $1.4 million in the same year. That comparison showed Lahey out ahead of his peers, with Edward Guiliano of the New York Institute of Technology in Old Westbury earning $1.24 million and Lesley M. Hallic of Pacific University earning $695,718. 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. 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. 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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. Yale's administration disputed the notion that it had given into pressure from the donors, one of whom donated $250 million to the university in 2013 the largest gift in its history. 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. Yale Hospitality. Here are the highest-paid university presidents from private and public colleges in the US: Ratio of total compensation to average full-professor salary: 16:1, Ratio of total compensation to average full-professor salary: 9:1, Ratio of total compensation to average full-professor salary: 4:1, Ratio of total compensation to average full-professor salary: 11:1, Ratio of total compensation to average full-professor salary: 12:1, Ratio of total compensation to average full-professor salary: 27:1, Ratio of total compensation to average full-professor salary: 10:1, Ratio of total compensation to average full-professor salary: 13:1. Under her leadership, enrollment more than tripled between 2000 and 2021, and the university's endowment grew to $290 million in 2022 from less than $1 million in 2000. Yale Conferences & Events. 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. Full-Time Salaries of Employed Graduates. A spokesman for Yale University was not immediately available for comment. 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. Titled "Size and Growth of Administration and Bureaucracy at Yale", the report is dated to January 2022 and was written by the Faculty of Arts and Sciences Senate's seven-member Governance Committee. The average was a 9 percent increase from 2014. The mean starting salary of the class of 2021 at Yale University graduates is 77,196 USD per annum. Read more: The 25 highest-paying entry-level jobs for college grads. 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. Wallace has led Savannah College of Art and Design for over four decades, since founding the institution in 1978. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. President: Michael M. Crow Total pay: $1,148,457 Base pay: $686,538 U.S. News rank: 115 (tie) Learn more about Arizona State UniversityTempe. Presidents of Yale University, University of New Haven and Sacred Heart University made more than Olian, according to their 990 tax filing forms. According to tax filings from 2016, Swensen received about $930,000 more in compensation in the 2014 calendar year than in 2015. An informational website that covers food, innovative products, books, culture, education, travel, and life experiences. The renovation came after, Quinnipiac paid interior construction and furniture company Strategic Spaces $743,257 in 2019. 1. 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. Credit. Bloomberg first reported Swensen's 2015 pay package earlier this week, citing tax filings provided to the financial news service by Yale. University Policies, Procedures, Forms, and Guides, Student and Temporary Employee Salary Rates. Another architectural company, Amenta Emma, worked on Olians house, Student Health Services reception area and the CAS advising common. Yale University President Peter Salovey, before a press conference Wednesday, May 10, 2017 at the Stetson branch library in New Haven. 77% feel they are paid fairly. He was 99. AI programs can produce college papers. Assistant Professor (minimum) 90,000. During his tenure, the university expanded from a one-campus, health sciences university into a professional institution with multiple campuses. Quinnipiac paid interior construction and furniture company Strategic Spaces $743,257 in 2019. Saloveys pay of $1.15 million included base pay at $948,084 with other pay coming in at $155,663. for the fiscal year ending June 2020 that the IRS released in June. Yale University is a private institution that was founded in 1701. $73,425. Quinnipiac vice president for public affairs Lynn Bushnell in a statement said the university adheres to standards of corporate governance in establishing executive compensation for all senior-level officers., Compensation levels are set by the personnel committee of the Board of Trustees and are determined after reviewing compensation levels at comparable institutions, Bushnell said in the statement. 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. With her colleague, Jim Finkelstein, she has analyzed approximately 250 presidential contracts. 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%. Today's episode is with DanRam. Vice President Administrative Services. Peter Salovey is the twenty-third president of Yale University and the Chris Argyris Professor of Psychology. Laheys base pay of $1.06 million was further supplemented by $17,672 in nontaxable pay and $377,496 in other pay, according to the study. Austin has also served as Senior Vice President of Strategy for . Warminster, Pennsylvania. 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. Won Institute of Graduate Studies. Lecturer Convertible (minimum) 84,000. In an interview with the News in April, Massachusetts Institute of Technology finance professor Andrew Lo 80 said the constraints on university salaries prevent many institutions from hiring someone of Swensens caliber. Why CT waits for $95 million from OxyContin maker Purdue Pharma, HUSKY Health is helping immigrants. 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. Yale University's president promised to prioritize diversity while filling six high-ranking positions in the administration, according to student newspaper Yale Daily News. 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. 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. PGY-1. That list of ten peers included Steven H. Kaplan, president of the the University of New Haven, who earned $581,312. 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 personnel committee sets salaries with an eye to attracting and retaining highly qualified and highly motivated executives, based on an annual review of agreed upon goals.. Individual salaries will, of course, vary depending on the job, department, location, as well as the individual skills and education of . Bryant University President Ronald Machtley topped the list, making roughly $6.2 million in 2017. Even as students struggle with rising college costs, university presidents rake in millions amid rapid increases in salaries, bonuses, benefits, and perks. Since it was first reported in 2013, Wallace's total compensation has typically stayed in the $1 million-$2.5 million range 2019 was the first year her total pay exceeded $3 million, increasing about 112% from the year before. Considering the relatively low cost of living in the New Haven area, the resident salaries are highly competitive. Presidents of public universities have higher salaries than any elected or appointed public official. 2021-22. Where Does $100 to Shriners Hospitals Go(2020)? "What higher education is doing is mirroring the behaviors of the corporate world.". A couple did due to scandal the former president of the University of Southern California, CL Max Nikias, for example, departed in 2018 after 200 professors signed a letter accusing him of mishandling allegations of sexual assault involving a former campus gynecologist. Dr. Holloway was provost of Northwestern University from 2017 to 2020 and a member of the faculty of Yale University from 1999 to 2017. Access your favorite topics in a personalized feed while you're on the go. The most recently reported data from The Chronicle of Higher Education from 2019 shows that the five highest-paid university presidents all lead private institutions. Marc Tessier-Lavigne. Another section in the 990 form that has not been reported as often in past years was the universitys statement of activities outside the United States. Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing . Elsewhere in the state, Trinity College President Joanne E. Berger-Sweeney made $524,945 in total pay, while University of New Haven President Steven H. Kaplan made $581,312. 94,500. Postgraduate Year. 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. The top ten most highly compensated individuals are all men. Now hes indicted on federal cocaine trafficking charges, Do Not Sell/Share My Personal Information. When accounting for the performance of Yales investments office over the past three decades, several finance experts contend that Swensen and his colleagues more than earn their keep. CT proposal causes confusion, concern. PhD Student salaries - 186 salaries reported. Where Does $100 to Alliance Defending Freedom Go(2020)? Alexander E. Dreier, the Senior Vice President and General Counsel, joined the University in March 2015. Executive Compensation at the International Fellowship of Christians and Jews (2020), Executive Compensation at UPMC (Pittsburgh, PA), Executive Compensation at the American Red Cross (2021), Executive Compensation at the Girl Scouts, Executive Compensation at the Girl Scouts (2021), Executive Compensation at Kaiser Health (2019), Executive Compensation at United Way (2019), Executive Compensation at UnityPoint Health, Executive Compensation at the San Diego Zoo Wildlife Alliance(2020). Gutmann's compensation in her early years with the university increased exponentially, then only saw minor shifts between 2013 and 2019. The Office of the Secretary and Vice President for University Life processes all university diplomas and letters of introduction , and manages the awarding of prizes (departmental, academic, college, and athletic). What do President George W. Bush, writer William F. Buckley Jr., and actress Meryl Streep have in common? Their study included data from 568 presidents serving at 500 institutions during the 2015 calender year. The Office of the President supports the work and priorities of President Salovey by managing and coordinating key programs, communications, and schedules. This year, The Chronicle changed its methodology to . The most recent data for public university salaries is from 2019, while the most recent data for private university salaries is from 2017. In New Haven, Yale President Peter Salovey earned $1.16 million in total pay during the 2015 calendar year. Connecticut State Colleges and Universities Board of Regents President made $413,487 in total pay during the same time span. The 25 highest-paying entry-level jobs for college grads, accusing him of mishandling allegations of sexual assault, American Association of University Professors, Pay for university presidents has risen dramatically over the last several years, according to data from. . Who would say no to being in charge of Harvard? His pay was on the lower end of the ten institutions selected by the Chronicle as comparison schools for Yale, with Robert Zimmer of the University of Chicago topping that list at $2.86 million, followed by Lee C. Bollinger of Columbia University bringing in $2.5 million. she took last school year beginning in April 2020 due to the COVID-19 pandemic. President compensation at over 400 private colleges and universities. President George H.W. $36,853 / yr. PhD Graduate Student salaries - 159 salaries reported. In New Haven, Yale President Peter Salovey earned $1.16 million in total pay during the 2015 calendar year. Based on the current Yale University-Local 35, FUE, Unite Here contract, the hourly rates in effect as of January 22, 2023 are posted below. Posted 02/28/23. The following five individuals/entities (interested persons) received: To read the IRS Form 990 (2015), click here. Should professors be worried? Jessica Bryant is a data reporter for BestColleges covering higher education trends. Howard Roberts Lamar '51 Ph.D., a venerable expert on the American West and Sterling Professor Emeritus of History who helped guide Yale through a turbulent period as university president in the early 1990s, died on Feb. 22. Yale University; Yale Phonebook; Library & Reference . Posted 02/28/23. Swensen has led the investments office Yale since 1985, and is credited for devising the Yale Model of asset allocation that has produced about $35 billion in investment gains since he assumed his role. $40,414 / yr. Graduate Student salaries - 175 salaries reported. In 1841, James Smith Bush became the first member of the Bush family to attend Yale College (now Yale University). In the most simplistic terms the answer is because you are supporting a huge education machine where, in the case of Yale, more than half of the total expenses ($2.2 billion of the $3.4 billion in expenses not including depreciation) are compensation-related costs for the 28,739 employees in 2016 (an average of $75,000 each). As president, Daniels has focused on enhancing student access and reducing barriers to higher education. 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. Based on the current Yale University - YUSOA contract, the hourly rates in effect for new hires as of January 16, 2022 are posted below. The top five reveals a variety of compensation packages that are common among university presidents as a whole. 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). Please see the charts below for important information on certain non-tenured ladder and lecturer salaries for 2022-23. 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. 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. Privacy policy, To: FAS Department and Program Chairs; FAS Lead Administrators, Chairs Assistants, and Operations Managers, Cc: FAS Deans Office; FAS Steering; Provosts Office. A CT bill would expand it fur, Is CT recycling going into the trash? Please see the charts below for important information on certain non-tenured ladder and lecturer salaries for 2022-23. On the public side, University of Connecticut President Susan Herbst made $852,773 in total pay during the 2015-16 school year, good enough to place her 13 among 254 chief executives in public schools, according to the study. Swensen's compensation consisted of a salary and bonus as well as benefits and deferred compensation. Faust made $899,734 in 2011, putting her at the 54th highest paid. Peter Salovey is the twenty-third president of Yale University and the Chris Argyris Professor of Psychology. Associate Vice President for Public Relations John Morgan did not respond to questions about what projects each contractor worked on. Olian made $524,436 during her first six months (July to December 2018) as Quinnipiac president. The renovation came after asbestos was found in the walls. Besides construction and architectural projects, law firms Duffy Law and Wiggin & Dana received $500,000 and $440,938, respectively. H John Voorhees III / Hearst Connecticut Media, Brian A. Maricopa Community Colleges. 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. "They may include an entertainment allowance, a travel allowance, tuition support for family members, or even spousal pay.".