yale university president salary

Quinnipiac, Yale presidents top list of college salaries in Connecticut, Hamden school board member Walter L. Morton IV to run for mayor, New Haven's 'Tent City' residents get a reprieve, for now. The Universitys compensation structure consists of many salary grades and bands. Average Yale University salary is $72,496 Detailed Yale University starting salary, median salary, pay scale, bonus data report ranked by Date, page 5. . Austin Ligon is an Angel/Seed stage private investor at Tewada Capital; he is an investor and Board Member at Redfin, Inc. and Rev.com Previously, Austin was the Co-Founder, President and Chief Executive Officer at CarMax, the nation's largest retailer of used cars, from its creation in 1991 until his retirement in 2006. Report: Outgoing Bryant, JWU presidents highest-paid college execs in For most executives, base pay accounted for less than half of their total compensation for the year. 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. He is A 5x TEDx speaker, 3x entrepreneur, prolific speaker, and startup coach, his clients range from individual founders to national governments. Johns Hopkins University's Ronald J. Daniels made $1,734,651 in 2017. 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. Gutmann's compensation in her early years with the university increased exponentially, then only saw minor shifts between 2013 and 2019. 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. Richard C. Levin, Yale University, New Haven, Conn. Total compensation: $1,375,365. The most recent data is as of 2017 for private university presidents, and 2019 for public university presidents. she took last school year beginning in April 2020 due to the COVID-19 pandemic. Architectural company Apicella + Bunton received $1.04 million from the university in 2019. 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. Saloveys pay placed him fourth among his peers at other Ivy League schools including Lee C. Bollinger at Columbia ($2.5 million) and Drew Gilpin Faust at Harvard ($1.6 million). Warminster, Pennsylvania. 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. The renovation came after, Quinnipiac paid interior construction and furniture company Strategic Spaces $743,257 in 2019. Yale University - Office of the Secretary and Vice President for Feb 2021 - May 20214 months. Feature Image: Leon Bennett / Stringer / Getty Images Entertainment. 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. 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. Yale University Salary 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. Other New England presidents on the list include Robert A. Dr. Holloway was provost of Northwestern University from 2017 to 2020 and a member of the faculty of Yale University from 1999 to 2017. Researchers examined over 1,300 cases at George Washington University and . 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. Full-Time Salaries of Employed Graduates. Bloomberg. Swensens 2015 pay package earlier this week, citing tax filings provided to the financial news service by Yale. 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. Who would say no to being in charge of Harvard? Much like business-executive pay, university-president compensation has grown over the past decade. Architectural company Centerbrook, one of Quinnipiacs lead architects that was. 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.. President, Chabot College Position Type: Management Tenure Information: Position Code: 2EPR01 FTE: 1.0 Pay Rate (or Annual Salary): $217,500. 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. QU grad accused of murder what is postpartum psychosis? 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. $36,853 / yr. PhD Graduate Student salaries - 159 salaries reported. About President Salovey | Office of the President A spokesman for Yale University was not immediately available for comment. Professor pay is flat -- again - Inside Higher Ed 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. 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. $66,573. 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. The amount did not include scholarships it offered to international students. $3,204,864: Dean J Takahashi, Sr. Director of Investments. including his $1,012,707 base salary. The Chronicle reported Hatchs salary was boosted by a $2.89 million deferred-compensation arrangement accrued over 10 years paid out in 2015. Her bonus pay, other pay, and nontaxable benefits accounted for 53% of total pay. He earned the rest in bonuses, other pay, and nontaxable benefits, which together accounted for 56% of his total compensation that year. Considering the relatively low cost of living in the New Haven area, the resident salaries are highly competitive. Harvard and Princeton consistently rank among the top five schools with the largest endowments. Harvard President Drew Gilpin Faust didn't even crack the top 10, or top 20. Yale University; Yale Phonebook; Library & Reference . "They may include an entertainment allowance, a travel allowance, tuition support for family members, or even spousal pay.". A rain garden is an area dug slightly below the surrounding area that can catch and collect rainfall and keep it from carrying pollutants downstream. Kimberly Cline, who heads the university with campuses in Brooklyn and Long Island, pulled down $1,861,026 in 2018, making her the 16th highest-paid president of a private university in the . 285 Yale University salary data. Associate Vice President for Public Relations John Morgan did not respond to questions about what projects each contractor worked on. He was student body president from May 2019 to September 2020. Olian's salary reached $1 million: Top-paid employees and contractors Access your favorite topics in a personalized feed while you're on the go. Individual salaries will, of course, vary depending on the job, department, location, as well as the individual skills and education of . Executive Compensation at Yale | Paddock Post 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. 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. Posted 12:00:00 AM. Total Employed Graduates. student income, medical service income, etc) that totaled $1.7 billion in 2016, Yale also relies on investment income which was $2 billion in 2016 (mostly from the gain on the sale of assets and investment income) and contributions (nearly $1 billion of which $448 million were government grants). 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. It is also important to note that in addition to the above management salaries, $55 million in investment fees were paid to outside firms. Presidents of public universities have higher salaries than any elected or appointed public official. Their study included data from 568 presidents serving at 500 institutions during the 2015 calender year. Those salaries were earned in the 2015 calendar year the most recent year available from the Internal Revenue Service, according to the Chronicle. Posted 02/28/23. Swensen again Yale's highest-paid employee - Yale Daily News Of the 22 individuals listed above, 17 are men (or 78%) while 5 are women. President compensation at over 400 private colleges and universities. The third . As Yale's chief legal officer and legal . As of the end of fiscal 2016, Yales endowment had a total market value of $25.4 billion. maid, chauffeur, chef), and tax indemnification and gross up payments. Gerken, the Sol & Lillian Goldman Professor of Law, became Dean in 2017 and is the first woman to serve in this role. But Faust is "one of the least-well-compensated presidents relative to budget," the Chronicle says. According to the companys website, it led the renovation of Larson, Perlroth and Troup residence halls. 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. 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. Yale University | Data USA Since the salaries in the 990 form were reported by calendar year (2019) instead of fiscal year, Olians income did not include. Richard Levin, Yale President, Says He Will Step Down - The New York Times He chooses to be at Yale because he loves the institution, and thats a very special relationship. Biography. 2021-22. The University's compensation structure consists of many salary grades and bands. Another architectural company, Amenta Emma, worked on Olians house, Student Health Services reception area and the CAS advising common. The estimated total pay for a Vice President at Yale University is $259,594 per year. The Highest Paid US College and University Presidents - Business Insider Box 208229, New Haven, CT 06520-8229, President Peter Salovey addresses the Yale College Class of 2026, Yales new commitments to mitigating climate change. 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. President George H.W. 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. At the low end on that comparison list was Christopher Eisgruber, president of Princeton University, earning $938,839. Lahey said this spring he will retire in June 2018. Austin has also served as Senior Vice President of Strategy for . The amount included her base compensation of $780,000, her bonus and incentive compensation of $170,000, her retirement and other deferred compensation of $25,000, her nontaxable benefits of $21,180 and her other reportable compensation of $27,561. Yale's succeeding president Peter Salovey ranks 40th with a 2020 salary of $1.16 million. Andrew D. Hamilton - Wikipedia Executive Compensation at the Alliance Defending Freedom(2020). University of Utah. Sadie Peart scores overtime winner, sends Quinnipiac to ECAC Hockey Semifinals, Former USA Today editor-in-chief discusses gender equity in media at QU, Sustainability, budget cuts and diversity discussions dominate SGA State of the QUnion. Zeppos served as chancellor of Vanderbilt for 11 years, beginning his tenure in 2008 and officially stepping down in August 2019. Yale University President Peter Salovey, before a press conference Wednesday, May 10, 2017 at the Stetson branch library in New Haven. The average was a 9 percent increase from 2014. 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 staggering cost of a college education perplexes many people who often wonder: Why does a 4-year degree from a top private school cost about $300,000 (or about $70,000-$75,000 annually)? The gap between what faculty members and presidents earn has also risen. 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. Yale University - Profile, Rankings and Data | US News Best Colleges Quinnipiac, Yale Presidents Among 50 Highest Paid Chief Executives Of 2022-23. Paula S. Wallace, Savannah College of Art and Design. Yale's Charter provides that the final authority in the "government, care and management" of the University is the Yale Corporation, a body of nineteen Fellows consisting of the President of the University, who presides at all meetings, the Governor and Lieutenant Governor of the 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. Yale University Jobs, Employment | Indeed.com The number of presidents earning over $1 million is unusually high in 2015. Faust made $899,734 in 2011, putting her at the 54th highest paid. How much America's top 50 highest-paid private-university presidents make? Faculty Salary Information, AY2022-23 - Yale University Top editors give you the stories you want delivered right to your inbox each weekday. Bryant University President Ronald Machtley topped the list, making roughly $6.2 million in 2017. Marc Tessier-Lavigne. Where Does $100 to Alliance Defending Freedom Go(2020)? View details. 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. 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. Use Next and Previous buttons to navigate. 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. An independent compensation firm validates the list of appropriate peer institutions. Salovey and Lahy were among a group of 58 presidents earning more than $1 million in 2015. It utilizes . During his tenure, the university expanded from a one-campus, health sciences university into a professional institution with multiple campuses. Save. Opinion | I'm Yale's first Black student-body president. The Trump Data - The Chronicle of Higher Education Leader of Prestigious Yale Program Resigns, Citing Donor Pressure The presidents of Quinnipiac University and Yale University are among the 50 highest paid chief executives at private colleges and universities, according to the Chronicle of Higher Educations annual survey. Heres what you need to know. Full Time Appointments. Yale University Average Salaries | Salary.com As part of its report, the Chronicle compared the presidents salaries to those at ten similar institutions. Although the organization primarily relies on program service revenue (i.e. Position Focus: Reporting to the Director of Communications, the senior writer will support external and internal communications for the Office of the President. How much does Yale University pay in the United States? Posted 02/28/23. 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 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. The Form 990 (2015) also reports Yale paid for first class and chartered travel and travel for companions. The answer is not as complicated as some people would lead you to believe. Yale University has an endowment valued at nearly $31.2B, as of the end of the 2020 fiscal year. Through reports, presentations, op-eds, correspondence, web content, remarks, and collateral material, the senior writer will translate complex concepts into powerful language for a . In New Haven, Yale President Peter Salovey earned $1.16 million in total pay during the 2015 calendar year. The office is also responsible for overseeing the academic calendar, annual reports, and registration of non-undergraduate . Based on the current Yale University - YUSOA contract, the hourly rates in effect for new hires as of January 16, 2022 are posted below. 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. All residents are employees of Yale-New Haven Hospital, and are provided with a comprehensive benefits package. Harvard and Princeton consistently rank among the top five schools with the largest endowments. America's Top 50 Highest Paid Private University Presidents . The top five reveals a variety of compensation packages that are common among university presidents as a whole. The year before (2015), Yale reported $5.5 billion in revenue and $3.3 billion in expenses (not including $259 million in depreciation). Where Does $100 to Shriners Hospitals Go(2020)? Salary & Benefits < Neurology 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. $42,509 / yr. Postdoctoral Research Associate salaries - 150 salaries reported. Columbia University president Lee C. Bollinger is the highest-paid executive in the Ivy League. 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Out of the 10 projects above, eight listed FIP Construction as a primary contractor, as well as the three 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 . The majority of the funds, or around $47.5 million, were labeled as investments in the Central America and the Caribbean region. Yale president 'sorry' alleged donor interference led to Grand Strategy H John Voorhees III / Hearst Connecticut Media, Brian A. for the fiscal year ending June 2020 that the IRS released in June. Gutmann, the eighth president of the University of Pennsylvania (Penn), was the second highest-paid female university president in 2019. 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. "There are various add-ons [in these contracts] that sometimes aren't even defined," said Judith Wilde, a research professor at George Mason 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.