Friday, March 29, 2024

Follow

Contact

President Amy Gutmann is no longer the highest-paid Penn executive

Dr. Amy Gutmann. December 5, 2016 Category: FundingShort
University of Pennsylvania president Dr. Amy Gutmann made over $3 million in 2013.

It was the year Gutmann completed a seven-year, $4.3 billion fundraising campaign — the largest in university history, aimed at “strengthening the University’s eminent faculty” and making historic endowment additions. For the second year in a row, Gutmann was Penn’s highest-paid employee.

She was also the highest-paid college president in the country.

According to the Chronicle of Philanthropy, which just published its annual review of U.S. college presidents’ pay, that title now belongs to Wilmington University president Jack Varsalona, who reeled in over $5.4 million from the private Delaware college.

Gutmann was compensated over $2.9 million in 2014, making her the fourth highest-paid president in the country and Penn’s second highest-paid executive.

Kind of by a long shot. The university’s highest-paid employee that year was Children’s Hospital of Philadelphia surgeon and surgery professor Thomas L. Spray, who made a total of $8.35 million

screenshot-359

That’s a lot of dough, but it doesn’t detract from Gutmann’s successes as the eighth president in Penn’s history.

That’s a six percent increase in endowment value in 2016, growth that persevered through a 1.4 percent investment loss (it was a rough year for returns, at least for Ivy League universities not named Yale).

From our Partners

That level of growth might continue (especially if tax exemptions for college endowments remain untouched). Just last week, Gutmann was awarded a contract extension into 2022, an extension that will make her the longest-serving president in Penn history.

Trending News

A City of Neighborhoods and the Challenge of Affordable Housing ImpactPHL Perspectives
From Bars to Belonging: Overcoming the Housing Crisis Facing Returning Citizens Ryan Moser
Monday Minute with Jean Pierre Brice Monique Curry-Mims
Monday Minute with Tara Felicia Jones Monique Curry-Mims
Skin In The Game Andre Simms

Related Posts

March 27, 2024

Skin In The Game

Read More >
January 17, 2024

Beyond Poverty: Healthcare Deserts

Read More >
December 13, 2023

Delaware County residents face lack of transparency while workers worry about accountability

Read More >