yale university president salary yale university president salary

Posted 02/28/23. Considering the relatively low cost of living in the New Haven area, the resident salaries are highly competitive. Paula S. Wallace, Savannah College of Art and Design. The Chronicle reported Hatchs salary was boosted by a $2.89 million deferred-compensation arrangement accrued over 10 years paid out in 2015. Researchers examined over 1,300 cases at George Washington University and . 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. *Effective July 1, 2022. Feature Image: Leon Bennett / Stringer / Getty Images Entertainment. During that year, Zeppos' compensation became the subject of debate, mainly due to the $2.9 million bonus he received that made up the majority of his pay as the university was facing budget cuts and layoffs. The earnings place Lahey 24th on the list of highest-paid college executives in the country among private colleges. to develop the 10-year master plan, also received $425,786 from the university in the same year. Lamar's book "The New Reader's Encyclopedia of the American West" is a canonical reference text in . The total pay amount is an increase from the $977,219 he made in 2014. 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Bloomberg first reported Swensen's 2015 pay package earlier this week, citing tax filings provided to the financial news service by Yale. 25th Percentile. 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. Jessica Bryant is a data reporter for BestColleges covering higher education trends. Harvard President Drew Gilpin Faust didn't even crack the top 10, or top 20. Bloomberg. Read more: The 25 highest-paying entry-level jobs for college grads. The estimated additional pay is $107,942 per year. Learn More Office of the President Info for Visiting Yale Campus Tours Maps & Directions Yale Visitor Center Museums & Galleries New Haven More Visit Resources 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. The unspent portion of revenue more than a billion in 2016 and $2 billion in 2015 went to the net fund assets, a portion of which was offset by unrealized losses on investments. Besides construction and architectural projects, law firms Duffy Law and Wiggin & Dana received $500,000 and $440,938, respectively. PGY-2. 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. 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. The University of Chicago's Robert Zimmer was the highest paid president on the new list, earning $3,358,723. Catherine Avalone/Catherine Avalone/New Haven Register. 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. The top five reveals a variety of compensation packages that are common among university presidents as a whole. He became president of the university in July 2013. An annual report by the Chronicle of Higher Education in December 2017 provides data on the executive compensation at private colleges. At Yale, he served as Dean of Yale College and the Edmund S. Morgan . Since the salaries in the 990 form were reported by calendar year (2019) instead of fiscal year, Olians income did not include. Transportation . 208. President, Chabot College Position Type: Management Tenure Information: Position Code: 2EPR01 FTE: 1.0 Pay Rate (or Annual Salary): $217,500. Pioneering neuroscientist, biotechnology executive and academic leader Marc Tessier-Lavigne became Stanford University's eleventh president on September 1, 2016. University of Utah. $53,702 / yr. Everyone weve looked at makes more than the governor of their state., "What I find most fascinating is that presidents of public universities have higher salaries than any elected or appointed public official," said Wilde. 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. 1. The office is widely recognizedas the best endowment manager in higher education, generating a 13.9 percent annualized return between fiscal 1985 and fiscal 2015 that outperformed the average return of colleges and universities measured by the National Association of College and University Business Officers by 5.0 percent per annum for the same period. His compensation has fluctuated greatly throughout his time at the university, reaching an all-time high of $4 million in 2016. As Yales fiscal year ends on June 30, Swensens compensation for 2015 overlapped with both fiscal 2016 and fiscal 2015, when the University reported endowment returns of 3.4 percent and 11.5 percent, respectively. As Yale's chief legal officer and legal . Grade S2 . Won Institute of Graduate Studies. renovation at North Haven campus: $150,000, offices in the Arnold Bernhard Library: $110,000, Ceiling, flooring and brick pavers replacement, for the three modular office trailers: $50,000. 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. Who would say no to being in charge of Harvard? For the academic year 2021-2022, at Yale University, The Professor salary is increased by 4.08 % from $240,374 to $250,192 over 606 Professors. 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. Position Focus: Reporting to the Director of Communications, the senior writer will support external and internal communications for the Office of the President. As part of its report, the Chronicle compared the presidents salaries to those at ten similar institutions. He earned the rest in bonuses, other pay, and nontaxable benefits, which together accounted for 56% of his total compensation that year. During his tenure, the university expanded from a one-campus, health sciences university into a professional institution with multiple campuses. 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. Harvards 5.8 percent endowment return in fiscal 2015 was almost 6 percentage points lower than Yale, and the Cambridge-based school posted a 2 percent loss in fiscal 2016. In 2019, Klasko's base pay was over $1.9 million. 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 presidents salary came in fourth. "What higher education is doing is mirroring the behaviors of the corporate world.". A Yale spokesperson did not respond to a request for clarification regarding the compensation structure of university employees. In 2020, Yale University had a total salary expenditure of $4.09B. she took last school year beginning in April 2020 due to the COVID-19 pandemic. According to the building permits Hamden issued for the air conditioning unit installations in the three residence halls in May 2019, the projects estimated cost for each hall was at $1.05 million. Yale is very fortunate because David Swensen can easily multiply his annual compensation several-fold by simply leaving and creating his own investment fund, Lo said. The senior vice president for operations is also responsible for the units reporting to the vice president for facilities and campus development, the vice president for finance & chief financial officer, and the vice president for human resources. The report analyzed how much 550 private college presidents made in 2011, concluding the median total compensation was $410,523. The most recent data is as of 2017 for private university presidents, and 2019 for public university presidents. PGY-1. How much do Yale University employees earn on average in the United States? Fifty-eight of the private college presidents earned more than $1 million in 2015, up from the previous year when 39 private college presidents did so. Abe Lopman: SR. VP (VESTED DEFERRED) 40: $2,227,425: Richard D'Aquila: PRESIDENT/TRUSTEE (CURRENT YR COMP) 32: $2,169,059: Marna Borgstrom . Assistant Professor (minimum) 90,000. The Form 990 (2015) also reports Yale paid for first class and chartered travel and travel for companions. The top ten most highly compensated individuals are all men. 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. This is a carousel. 2022-23. . Of his total compensation of $4,004,617, [] Quinnipiac paid interior construction and furniture company Strategic Spaces $743,257 in 2019. YALE NEW HAVEN HOSPITAL 20 YORK STREET, NEW HAVEN, CT 06504 www.ynhh.org. 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. 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. 197. Gutmann's compensation in her early years with the university increased exponentially, then only saw minor shifts between 2013 and 2019. 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. University President Peter Salovey, by comparison, was paid about $1.4 million in the same year. The Chronicle updated its executive compensation tracker in July 2020 to include the most recent data on salaries from public and private institutions. H John Voorhees III / Hearst Connecticut Media, Brian A. It has a total undergraduate enrollment of 6,536 (fall 2021), its setting is city, and the campus size is 373 acres. Enter your email address to follow this blog and receive notifications of new posts by email. Meet President Salovey. Presidents of Yale University, University of New Haven and Sacred Heart University made more than Olian, according to their 990 tax filing forms. Wake Forest University President Nathan O. Hatch topped the list with a total pay of $4 million. It is also important to note that in addition to the above management salaries, $55 million in investment fees were paid to outside firms. 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. Biography. Columbia University president Lee C. Bollinger is the highest-paid executive in the Ivy League. Out of the 10 projects above, eight listed FIP Construction as a primary contractor, as well as the three residence halls. CT proposal causes confusion, concern. 285 Yale University salary data. According to tax filings from 2016, Swensen received about $930,000 more in compensation in the 2014 calendar year than in 2015. Now hes indicted on federal cocaine trafficking charges, Do Not Sell/Share My Personal Information. "They may include an entertainment allowance, a travel allowance, tuition support for family members, or even spousal pay.". $73,425. In New Haven, Yale President Peter Salovey earned $1.16 million in total pay during the 2015 calendar year. Director, Parent Gifts. How much America's top 50 highest-paid private-university presidents make? 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. All residents are employees of Yale-New Haven Hospital, and are provided with a comprehensive benefits package.