{"id":2739,"date":"2026-07-17T21:13:22","date_gmt":"2026-07-17T21:13:22","guid":{"rendered":"https:\/\/corporate-movers-usa.com\/?p=2739"},"modified":"2026-07-17T21:13:22","modified_gmt":"2026-07-17T21:13:22","slug":"penn-state-board-awards-president-top-performance-bonus","status":"publish","type":"post","link":"https:\/\/corporate-movers-usa.com\/?p=2739","title":{"rendered":"Penn State board awards president top performance bonus"},"content":{"rendered":"<div>\n<div>\n<div><audio><\/audio><\/div>\n<\/div>\n<p>The Pennsylvania State University board of trustees on Friday unanimously approved a 15% performance bonus for President Neeli Bendapudi for 2025-26 &#8211; the top amount available under her new contract approved last September.<\/p>\n<p>Read more <a href=\"https:\/\/corporate-movers-usa.com\/?p=2737\">DraftKings sued Philadelphia for investigating whether it\u2019s violating city consumer protection laws<\/a><\/p>\n<div><\/div>\n<p>Under the resolution, the percentage is on her base salary, which was $1.4 million. That would make her bonus $210,000.<\/p>\n<div><\/div>\n<div><\/div>\n<p>Board Chair David M. Kleppinger praised Bendapudi\u2019s leadership, noting the second consecutive year of a balanced budget, a $1.44 billion research enterprise, the integration of the health system and College of Medicine and efforts to improve the Commonwealth campus system &#8211; seven campuses are set to close at the end of the next academic year.<\/p>\n<div><\/div>\n<div><\/div>\n<p>\u201cThroughout all this, Neeli, you\u2019ve led with optimism, with purpose, and an unwavering commitment to Penn State\u2019s mission,\u201d Kleppinger said at the meeting. \u201cYou\u2019ve challenged the university to think boldly, and we\u2019ve tried&#8230;We\u2019re proud of what we\u2019ve done under your leadership and we\u2019re excited about what lies ahead.\u201d<\/p>\n<div><\/div>\n<p>Bendapudi oversees two dozen campuses across Pennsylvania including a health system and the Hershey Medical Center and a major research enterprise. The state flagship university enrolls 86,500 students. <\/p>\n<div><\/div>\n<div><\/div>\n<p>She is one of the highest paid public college presidents in the country. In 2024, she ranked seventh in total compensation among public university presidents, according to The Chronicle of Higher Education.  Schools with presidents who earned more included the University of Houston, Ohio State University, and University of Kentucky.<\/p>\n<div><\/div>\n<p>The board last September voted to give Bendapudi &#8211; who has led Penn State since 2022 &#8211; a $1 million increase in compensation and extend her contract to 2032. That increased her total compensation for 2025-26 to $2.8 million, up from $1.8 million. The performance based incentive &#8211; which allows the board to award Bendapudi up to 15% of her base salary if she meets mutually agreed upon goals &#8211; was part of the new contract.<\/p>\n<div><\/div>\n<p>In supporting the vote, board member Jay Paterno noted the the short tenure of presidents in the Big Ten conference.<\/p>\n<div><\/div>\n<p>\u201cRetention of presidents is vital,\u201d he said. \u201cIt\u2019s important that we understand the marketplace that we are in and why these things are meaningful and important to do&#8230; We\u2019re fortunate that we have a president who\u2019s been here for four years already because that\u2019s not the norm.\u201d<\/p>\n<p>Read more <a href=\"https:\/\/corporate-movers-usa.com\/?p=2735\">Phoenixville native Tyler Nase is announced as head coach of Penn\u2019s women\u2019s rowing program<\/a><\/p>\n<div><\/div>\n<div><\/div>\n<p>Kleppinger agreed. <\/p>\n<div><\/div>\n<p>\u201cIt\u2019s clear that stability in leadership is very important right now in a higher education space, which is changing rapidly, and we\u2019re fortunate to have a president that\u2019s committed to being with us for the long term,\u201d he said.<\/p>\n<div><\/div>\n<p>The board also voted to accept Bendapudi\u2019s performance goals for the coming year, but those were not made public.<\/p>\n<div><\/div>\n<div><\/div>\n<div><\/div>\n<p>Also at the meeting, the board approved tuition and room and board increases for 2027-28. The finance committee approved the rates on Thursday and recommended them to the full board. Penn State sets its rates a year in advance.<\/p>\n<div><\/div>\n<p>Among the rates approved was a 2.5% tuition and room and board increase for undergraduates on the University Park campus.<\/p>\n<div><\/div>\n<p>Under the plan, undergraduate freshmen and sophomores at University Park would pay $21,400 in annual tuition for 2027-28, up $522 over last year. Room and board would rise 2.5% to $15,896 annually.<\/p>\n<div><\/div>\n<p>During remarks, Bendapudi said the university raised $662.7 million in 2025-26, more than the average annual amount of $360 million raised in the last fundraising campaign. <\/p>\n<div><\/div>\n<p>\u201cThat I would say is a wonderful commitment,\u201d Bendapudi told the board.<\/p>\n<div><\/div>\n<p>Penn State had been planning to publicly launch a multibillion-dollar fundraising campaign in April, its largest ever and first under Bendapudi. But the school decided to delay that public launch amid a change in leadership in its development office.<\/p>\n<p>Read more <a href=\"https:\/\/corporate-movers-usa.com\/?p=2733\">Flyers sign defenseman Jamie Drysdale to a four-year contract, avoiding arbitration<\/a><\/p>\n<div><\/div>\n<p>No new date has been given for the launch.<\/p>\n<div><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Penn State President Neeli Bendapudi will receive a 15% or $210,000 bonus on her base pay of $1.4 million, the board decided. Her contract says she is eligible for a bonus of up to 15%.<\/p>\n","protected":false},"author":1,"featured_media":2738,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-2739","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Penn State board awards president top performance bonus - Corporate Movers USA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/corporate-movers-usa.com\/?p=2739\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Penn State board awards president top performance bonus - Corporate Movers USA\" \/>\n<meta property=\"og:description\" content=\"Penn State President Neeli Bendapudi will receive a 15% or $210,000 bonus on her base pay of $1.4 million, the board decided. 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