Austin has also served as Senior Vice President of Strategy for . Your email address will not be published. CT proposal causes confusion, concern. Meet President Salovey. 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. 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. 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. 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. Bloomberg first reported Swensen's 2015 pay package earlier this week, citing tax filings provided to the financial news service by Yale. 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. 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. 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). University President Peter Salovey, by comparison, was paid about $1.4 million in the same year. The gap between what faculty members and presidents earn has also risen. 94,500. The top ten most highly compensated individuals are all men. 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. Dr. Tessier-Lavigne was born in Trenton, Ontario, Canada. Richard C. Levin, Yale University, New Haven, Conn. Total compensation: $1,375,365. Enter your email address to follow this blog and receive notifications of new posts by email. However, 40 percent of his income was due to deferred compensation. Access your favorite topics in a personalized feed while you're on the go. Andrew Carnegie founded the Carnegie Institution of Washington (Carnegie Science) in 1902 as an organization for scientific discovery. 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. the renovation of Larson, Perlroth and Troup residence halls. Now hes indicted on federal cocaine trafficking charges, Do Not Sell/Share My Personal Information. We attribute that, in part, to a market where presidents are negotiating more deferred compensation and bonus packages before they take the job, database reported Dan Bauman said in The Chronicles release. University President Peter Salovey, by comparison, was paid about $1.4 million in the same year. 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. 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 amount did not include scholarships it offered to international students. The most recent years' compensation totals show high base pay rates with even higher bonuses and other pay. Olian made $524,436 during her first six months (July to December 2018) as Quinnipiac president. 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. 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. You are also agreeing to our Terms of Service and Privacy Policy. Please see the charts below for important information on certain non-tenured ladder and lecturer salaries for 2022-23. This is a carousel. Here are the 15 highest-paid public and private university presidents. On benefits, the AAUP found that about 97 percent of full-time professors earn contributions toward their retirement plans from their employers or state or . Considering the relatively low cost of living in the New Haven area, the resident salaries are highly competitive. Top editors give you the stories you want delivered right to your inbox each weekday. Faust made $899,734 in 2011, putting her at the 54th highest paid. 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. $73,425. 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 . Harvard University may be the richest institution of higher education, but its president is far from being the richest private college chief executive. President, Chabot College Position Type: Management Tenure Information: Position Code: 2EPR01 FTE: 1.0 Pay Rate (or Annual Salary): $217,500. Please see the charts below for important information on certain non-tenured ladder and lecturer salaries for 2022-23. 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. for the fiscal year ending June 2020 that the IRS released in June. 208. 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. 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). 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. Lecturer Convertible (minimum) 84,000. In 1841, James Smith Bush became the first member of the Bush family to attend Yale College (now Yale University). Laheys base pay is the ninth highest among private college presidents. The estimated hourly pay at Yale University ranges from approximately $8.63 per hour for Software Engineer to $52.59 per hour for Professor.. Peter Salovey is the twenty-third president of Yale University and the Chris Argyris Professor of Psychology. Johns Hopkins University's Ronald J. Daniels made $1,734,651 in 2017. 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. He became president of the university in July 2013. Laheys pay of $1.45 million included base pay of $1.06 million and other pay of $377,496, the Chronicle report said. In 1716 the school was moved to New Haven, and in 1718 it was renamed Yale . Yale Pediatric House Staff are provided a full range of benefits from Yale-New Haven Hospital that include, but are not limited to: . Box 208229, New Haven, CT 06520-8229, President Peter Salovey addresses the Yale College Class of 2026, Yales new commitments to mitigating climate change. 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. 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. Of the $54 million spent on travel, it is unclear what portion was spent on first class and chartered travel. Connecticut State Colleges and Universities Board of Regents President made $413,487 in total pay during the same time span. 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 . President compensation at over 400 private colleges and universities. Although the organization primarily relies on program service revenue (i.e. Salt Lake City, UT. 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 do President George W. Bush, writer William F. Buckley Jr., and actress Meryl Streep have in common? Quinnipiac paid interior construction and furniture company Strategic Spaces $743,257 in 2019. 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. He received undergraduate degrees in physics from McGill University and in philosophy and . Brown of Boston University, who ranked seventh at $2.48 million; Drew Gilpin Faust of Harvard, who ranked 21st at $1.56 million; and Joseph E. Aoun of Northeastern University, who was 25th at $1.44 million. 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. University Policies, Procedures, Forms, and Guides, Student and Temporary Employee Salary Rates. Architectural company Centerbrook, one of Quinnipiacs lead architects that was. This category of expenditures also includes: the operation of dining halls that provided 2,884,447 meals to students, faculty and staff; maintenance of dormitories housing 4,988 undergraduates and 1,161 . How much America's top 50 highest-paid private-university presidents make? 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. Where Does $100 to Shriners Hospitals Go(2020)? For most executives, base pay accounted for less than half of their total compensation for the year. The highest-paid university president in the ranking is the former president of Bryant University, Ronald K. Machtley. 2023 BuzzFeed, Inc. All rights reserved. About $860,000 of Swensens 2014 compensation had been reported as deferred compensation in filings from previous years. According to the companys website, it led the renovation of Larson, Perlroth and Troup residence halls. 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. 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. Over the last decade, experts have noted significant increases in university presidents' pay that show no signs of slowing down soon. The renovation came after, Quinnipiac paid interior construction and furniture company Strategic Spaces $743,257 in 2019. Senior Editor/Reporter, The Huffington Post. Warminster, Pennsylvania. 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 estimated total pay for a Vice President at Yale University is $259,594 per year. 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. Won Institute of Graduate Studies. All residents are employees of Yale-New Haven Hospital, and are provided with a comprehensive benefits package. He was student body president from May 2019 to September 2020. 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. Total Revenue . Based on the current Yale University - YUSOA contract, the hourly rates in effect for new hires as of January 16, 2022 are posted below. Average Yale University salary is $72,496 Detailed Yale University starting salary, median salary, pay scale, bonus data report ranked by Date, page 5. . 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. The Chronicle updated its executive compensation tracker in July 2020 to include the most recent data on salaries from public and private institutions. 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. Since the salaries in the 990 form were reported by calendar year (2019) instead of fiscal year, Olians income did not include. Zeppos served as chancellor of Vanderbilt for 11 years, beginning his tenure in 2008 and officially stepping down in August 2019. The year before (2015), Yale reported $5.5 billion in revenue and $3.3 billion in expenses (not including $259 million in depreciation). In New Haven, Yale President Peter Salovey earned $1.16 million in total pay during the 2015 calendar year.