U of L Preliminary Report v9

Executive Compensation Review

Preliminary Report

July 13, 2015

Prepared by:

Mark Reilly, Principal, Head of Executive Compensation Practice

Ben Allen, Senior Associate

Erin Beth Garvin, Associate

Contents

1. Executive Summary

2. Project Objective

3. Project Steps

4. University of Louisville Compensation Summary

5. Summary of Base Salary Findings

6. Summary of Total Cash Findings (Base + Annual Incentives)

7. Summary of Total Compensation Findings (Total Cash + Deferred Compensation and Benefits)

8. Findings and Preliminary Recommendations

9. Next Steps

University of Louisville 2

Executive Summary - Findings and Preliminary Recommendations

University of Louisville executives are generally at or above the market.

Matching executives to the market is not an exact science. We used three data sources to mitigate this weakness: peer group 990s and survey data available from The Chronical of Higher

Education and CUPA.

Dr. Ramsey has been President since November 2002 and due to his long tenure and high performance, is at the high end of the market.

The current compensation philosophy is (appears) to pay market salaries, incentives and provide deferred compensation arrangements to retain key executives. We recommend the University

develop a formal executive compensation philosophy document which would be used as a guide

for future compensation decisions.

Deferred compensation plans are used by many Universities and are considered common practice. A more detailed analysis should be conducted to determine if these plans are structured

to meet the Universitys objectives.

The peer group 990 data may be understated, as many report income from multiple sources. Although we did review foundation 990s, its impossible to know if we captured the complete picture from the 990s. A custom survey should be considered.


Project Objective

The University of Louisville has retained Verisight to conduct a competitive market review for six

Executive Officer positions:

President

EVP Provost

SVP Finance and Administration/COO

EVP Health Affairs

EVP Research

VP Strategy and General Counsel


Project Steps

Obtained and reviewed University of Louisvilles current compensation arrangements

Gathered competitive market data from three sources:

1. A peer group of 26 academic institutions, representing universities within the Atlantic Coast

Conference, as well as universities identified as peers due to size, geography, and other

characteristics.

2. The Chronical of Higher Education

3. College and University Professional Association (CUPA)

Compared current compensation levels to the market

Provided a summary of findings and recommendations



University of Louisvilles Current Executive Compensation Data

University of Louisville Compensation Summary

President: Dr. Ramseys base salary is a combination of base salaries paid by the University of

Louisville and the University of Louisville Foundation. He is eligible for an annual performance

bonus in an amount up to 25% of his combined salary. He is a participant in the Key Employee

Deferred Compensation Plan and will receive annual deferred compensation in the amount of

$250,000 through 2020.

EVP Provost: Dr. Willihnganzs base salary is a combination of base salaries paid by the University of Louisville and the University of Louisville Foundation. Her base salary paid by the

University of Louisville is comprised of a 10-month academic component and an administrative

supplement. She is eligible for an annual performance bonus in an amount up to 20% of her non-

Foundation salary. She is a participant in the Key Employee Deferred Compensation Plan and

receives annual deferred compensation in the amount of $50,000. She has also received

additional contributions of $150,000 for the last three years.

SVP Finance and Administration/COO: Mr. Sands is a FY 2015 hire whose base salary is paid by the University of Louisville. He is eligible for an annual performance bonus in an amount up to

20% of his base salary. He is a participant in the Key Employee Deferred Compensation Plan and

receives annual deferred compensation in the amount of $100,000.


University of Louisville Compensation Summary (continued)

EVP Health Affairs: Dr. Dunns base salary is paid by the University of Louisville, with the

academic component accounting for 75% and the remaining 25% administrative supplement

being at risk and payable upon successful completion of goals agreed to at the beginning of the

fiscal year. He is eligible for an extraordinary performance bonus in an amount up to 10% of his

combined salary.

EVP Research: Dr. Pierces base salary is paid by the University of Louisville, with the academic component accounting for 90% and the remaining 10% administrative supplement being at risk

and payable upon successful completion of goals agreed to at the beginning of the fiscal year. He

is a participant in the Key Employee Deferred Compensation Plan and receives annual deferred

compensation in the amount of $40,000.

VP Strategy and General Counsel: Ms. Strohm is a FY 2015 hire whose base salary is paid by the University of Louisville. She is eligible for an annual performance bonus in an amount up to

$40,000.

The value of perquisites (car allowance, bridge loans, club memberships, etc.) received in the past year was not provided and is not included in determining Total Compensation.


University of Louisville Compensation Summary


(a) (b) (c) (d) = (a) + (b) + (c)

Position Title Incumbent Base Salary1 Bonus

Deferred

Compensation2 Total

President Dr. James Ramsey3,4 $648,961 $156,000 $298,672 $1,103,633

EVP Provost

Dr. Shirley

Willihnganz5,6 $394,533 $65,903 $229,590 $690,026

SVP Finance and Administration/COO Harlan Sands7,8 $350,000 $70,000 $126,250 $546,250

EVP Health Affairs Dr. David Dunn9,10 $1,047,280 $0 $78,546 $1,125,826

EVP Research Dr. William Pierce11 $316,050 $0 $63,704 $379,754

VP Strategy and General Counsel Leslie Strohm10,12 $350,000 $40,000 $26,250 $416,250

12Eligible for annual performance bonus of up to $40,000. The max bonus amount is shown as Ms. Strohm was hired 2/2/2015.

1Base salaries are for FY 2015. Salaries for FY 2014: Dr. Ramsey - $624,000, Dr. Willihnganz - $366,684, Dr. Dunn - $1,007,000, Dr. Pierce - $309,851.2Each University employee participates in the University Retirement Plan, a 403(b) deferred compensation plan in which the University contributes 7.5% of base

salary up to a max of $200,000.3Bonus based on 25% of FY 2014 base salary, paid in FY 2015.4Deferred compensation based on University Retirement Plan contributions, along with a $250,000 DCPA annual contribution awarded on 1/1/2015 and on January

1st of each succeeding year.5Bonus based on 20% of $329,513 non-Foundation salary, paid in FY 2015.6Deferred compensation based on University Retirement Plan contributions, along with a $50,000 DCPA annual contribution and $150,000 a year in special DCPA

contibutions from 7/1/2012 - 6/30/2015.7Eligible for annual performance bonus of up to 20% of base salary. The max bonus amount is shown as Mr. Sands was hired 1/1/2015.8Deferred compensation based on University Retirement Plan contributions, along with a $100,000 DCPA annual contribution.9Eligible for annual extraordinary performance bonus of up to 10% of base salary. No bonus was awarded in FY 2015.10Deferred compensation based on University Retirement Plan contributions.11Deferred compensation based on University Retirement Plan contributions, along with a $40,000 DCPA special retirement annual contribution.


Data Sources

Selected Peer Group

The University of Louisville selected a peer group of 26 academic institutions, representing

universities within the Atlantic Coast Conference, as well as universities identified as peers due to

size, geography, and other characteristics.


Clemson University University of California - Irvine University of South Carolina

Florida State University University of California - San Diego University of South Florida

Georgia institute of Technology (GA Tech) University of Cincinnati University of Utah

North Carolina State University University of Illinois at Chicago University of Virginia

Rutgers University University of Iowa University of Washington

SUNY Buffalo University of Kentucky Virginia Commonwealth University

SUNY Stony Brook University of New Mexico

Virginia Polytechnice Institute and State

University (Virginia Tech)

Temple University University of North Carolina at Chapel Hill Wayne State University

University of Alabama at Birmingham University of Pittsburgh

Peer Universities

Peer Group 990s and Published Survey Compensation Data

Verisight used public filings to collect compensation data for similar executive positions at peer

universities as reported. The data sources used in this study were:

IRS Form 990s

The Executive Compensation at Public and Private Colleges database published by The Chronicle of Higher Education (reported for Presidents only)

The Administrators in Higher Education Salary Survey published by the College and University Professional Association (CUPA)

Data from all public filings was aged to July 1, 2015 at an annual rate of 3.0% a year.

Verisight drafted a custom compensation survey that could be used to gather specific compensation data, at peer universities willing to participate, for similar executive positions.

Verisight and The University of Louisville could partner to identify contact information for

prospective participants, which The University of Louisville indicated they would be able to

acquire, in an effort to maximize participation levels.


Data Sources - Form 990s

Form 990s are filed by non-profit institutions, with key executive compensation typically disclosed

in the Schedule J. The components of compensation provided in the Schedule J include:

Base: Base compensation means nondiscretionary payments to a person (such as salary or fees)

Bonus: Examples include signing bonuses and payments based on satisfaction of a performance target (other than mere longevity of service).

Other: Examples include, but are not limited to, current-year payments of amounts earned in a prior year, payments under a severance plan, deferred amounts, and earnings or losses in

a nonqualified defined contribution plan subject to section 457(f) when they become

substantially vested.

Deferred: All current-year deferrals of compensation for the listed person under any retirement or other deferred compensation plan, whether qualified or nonqualified.

Nontaxable: Nontaxable benefits are benefits specifically excluded from taxation under the Internal Revenue Code.

Compensation paid to university leadership positions often comes from multiple sources, the university and the university foundation for example. These amounts are often reported in

separate Form 990s. In order to capture the complete compensation picture, Verisight aggregated

compensation amounts when reported in separate Form 990s.


Data Sources Chronicle of Higher Education

The Chronicle of Higher Education compiles compensation data from surveyed public and private

institutions. The data is based on each institution's fiscal year, the most recent of which being

2013/2014. The components of compensation provided include:

Base pay: Total base salary provided, including compensation from private university-related foundations.

Bonus pay: The value of all bonuses and incentive compensation paid out.

Deferred compensation, paid out: Compensation that was set aside in previous years and paid out during the fiscal year covered.

Severance pay: Payments made to the chief executive upon his or her resignation or firing, as determined by his or her contract, separation agreement, or a legal settlement. This can

include severance pay, unused vacation pay, or other agreed-upon separation pay.

Retirement pay: Payments made by the university to a retirement plan that is available to any university employee during the fiscal year. This can include 401(k) plans, state pension

plans, and other retirement plans that are broadly available. (As this is not paid out during the

reporting year, it is not included in "Total Compensation.")

Deferred compensation, set aside: This is to be paid out in future years, and can include contributions to supplemental executive retirement plans. (As this is not paid out during the

reporting year, it is not included in "Total Compensation.")


Data Sources - CUPA

The Administrators in Higher Education Salary Survey (AHESS), published by the College and

University Professional Association (CUPA), collects base salary data for 191 positions with

primary assignments requiring the management of an institution or of a customarily recognized

division within it.

CUPA allows users to create a custom peer group to collect base salary data. All but one of the university peers identified (Virginia Commonwealth University) participated in the 2014/2015

survey. Verisight created a custom peer group based on the remaining 25 academic institutions

selected by the University of Louisville as peers.

Verisight was able to download individual participant base salary data for similar positions, which are shown in the appendices; however, the individual institutions are not identified by name so as

to protect their confidentiality.

The AHESS survey only reports base salary data.



Summary of Base Salary, Total Cash, and

Total Compensation Findings


Summary of Base Salary Findings - Median

Position Incumbent Incumbent Base Salary

The Chronicle of Higher Education (President Only)

Form 990s CUPA

Median Base

Salary

Compa-Ratio

Median Base

Salary

Compa-Ratio

Median Base

Salary

Compa-Ratio

President Dr. James Ramsey

$648,961 $518,250 125.2% $459,550 141.2% $479,354 135.4%

EVP Provost Dr. Shirley

Willihnganz $394,533 N/A N/A $353,816 111.5% $404,500 97.5%


Harlan Sands $350,000 N/A N/A $345,077 101.4% $263,196 133.0%

EVP Health Affairs Dr. David

Dunn $1,047,280 N/A N/A $875,172 119.7% $811,446 129.1%

EVP Research Dr. William

Pierce $316,050 N/A N/A $284,203 111.2% $336,834 93.8%


Leslie Strohm $350,000 N/A N/A $478,011 73.2% $254,975 137.3%


Summary of Total Cash Compensation (Base Salary + Annual Incentives) Findings -

Median

Position Incumbent Incumbent Total Cash


Form 990s

Median Total Cash

Compa-Ratio Median Total

Cash Compa-Ratio

President Dr. James Ramsey $804,961 $535,600 150.3% $511,336 157.4%


Willihnganz $460,436 N/A N/A $353,816 130.1%


Harlan Sands $420,000 N/A N/A $354,066 118.6%

EVP Health Affairs Dr. David Dunn $1,047,280 N/A N/A $875,172 119.7%

EVP Research Dr. William Pierce $316,050 N/A N/A $284,203 111.2%


Leslie Strohm $390,000 N/A N/A $499,229 78.1%


Summary of Total Compensation (Total Cash + Deferred Compensation and Benefits)

Findings - Median

Position Incumbent Incumbent Total Comp


Form 990s

Median Total Comp

Compa-Ratio Median Total

Comp Compa-Ratio

President Dr. James Ramsey $1,103,633 $690,718 159.8% $615,221 179.4%


Willihnganz $690,026 N/A N/A $421,480 163.7%


Harlan Sands $546,250 N/A N/A $410,657 133.0%

EVP Health Affairs Dr. David Dunn $1,125,826 N/A N/A $1,236,568 91.0%

EVP Research Dr. William Pierce $379,754 N/A N/A $346,374 109.6%


Leslie Strohm $416,250 N/A N/A $600,801 69.3%


Deferred Compensation and Executive

Benefit Prevelance

CUPA Survey - Benefit Prevalence

The table on the following page summarizes how many Universities offer deferred compensation and incentive compensation plans.

Approximately 53% offer deferred compensation.

Approximately 30% offer incentive compensation.

CUPA is only one data source. Our experience working with other Universities is that deferred compensation is common and incentive compensation usage is growing.


Deferred Compensation Projected Payout

Dr. Ramseys contract calls for an annual University payment of $250,000 to his deferred compensation account until 2020. Ignoring past contributions, his projected retirement is

estimated in the table below. Further analysis may be needed to confirm these projections.

University of Louisville

22

Estimated

Salary Age

Maximum

403B

Estimated

Contributions

Maximum

403B Future

Value

Deferred

Compensation (

University)

Estimate

Deferred

(University)

Future

Values

1 2014 $649,000 66 $52,000 $75,875 $250,000 $364,786

2 2015 $681,450 68 $53,000 $72,615 $250,000 $342,522

3 2016 $715,523 69 $54,000 $69,469 $250,000 $321,617

4 2017 $210,600 70 $55,000 $66,437 $250,000 $301,987

5 2018 $221,130 71 $56,000 $63,517 $250,000 $283,556

6 2019 $232,187 72 $57,000 $60,705 $250,000 $266,250

7 2020 $246,000 73 $58,000 $58,000 $250,000 $250,000

Total $466,618 $2,130,717

Summary Future Value

Annual

Retirement

Payment

403B plan $466,618

Deferred Compensation $2,130,717

Total $2,597,335 $293,045

Social Security estimate $50,000

Est. annual retirement payment $343,045

CUPA Survey - Benefit Prevalence

University of Louisville

23

Position HousingCar or Car

Allowance

Club

Membership

Deferred

Compensation

Program

Performance-

Based Incentive

Opportunity

No: 57.1% 41.6% 76.4% 63.5% No: 77.4%

Partial: 9.1% 23.2% 2.6% 20.2% Yes: 22.6%

Full: 33.8% 35.3% 20.9% 16.3% N 394

N: 396 397 382 381

No: 38.8% 28.8% 65.2% 57.4% No: 73.0%

Partial: 11.7% 22.1% 4.4% 16.9% Yes: 27.0%

Full: 49.4% 49.1% 30.3% 25.6% N 851

N: 886 876 854 850

No: 97.3% 77.7% 93.2% 78.6% No: 88.4%

Partial: 1.5% 15.3% 1.3% 17.0% Yes: 11.6%

Full: 1.2% 7.0% 5.6% 4.3% N 397

N: 405 399 396 393

No: 94.2% 88.3% 93.1% 83.8% No: 85.7%

Partial: 2.4% 5.5% 1.2% 10.6% Yes: 14.3%

Full: 3.3% 6.3% 5.6% 5.7% N 876

N: 904 896 887 880

No: 97.2% 87.4% 93.9% 83.3% No: 86.1%

Partial: 1.5% 5.2% 1.2% 11.1% Yes: 13.9%

Full: 1.3% 7.4% 4.9% 5.6% N 832

N: 854 847 836 827

No: 98.2% 82.8% 89.4% 85.4% No: 83.1%

Partial: 1.0% 5.6% 2.4% 10.5% Yes: 16.9%

Full: 0.8% 11.6% 8.2% 4.2% N 756

N: 772 767 755 745

No: 96.4% 73.7% 84.5% 83.1% No: 85.2%

Partial: 1.9% 10.6% 2.5% 10.9% Yes: 14.8%

Full: 1.7% 15.7% 13.1% 6.0% N 806

N: 825 820 811 805

Chief

Development/

Advancement

Officer [113000]

CEO/President,

System [100000]

CEO/Pres/Chan

Single Institution

or Campus in a

System [101000]

Executive Vice

President/Vice

Chancellor

[102000]

Chief Academic

Affairs Officer/

Provost [105000]

Chief Business

Officer [107000]

Chief Athletic

Administrator

[109000]


Findings and Preliminary

Recommendations

Findings and Preliminary Recommendations

University of Louisville executives are generally at or above the market.

Matching executives to the market is not an exact science. We used three data sources to mitigate this weakness: peer group 990s and survey data available from The Chronical of Higher

Education and CUPA.

Dr. Ramsey has been President since November 2002 and due to his long tenure and high performance, is at the high end of the market.

The current compensation philosophy is (appears) to pay market salaries, incentives and provide deferred compensation arrangements to retain key executives. We recommend the University

develop a formal executive compensation philosophy document which would be used as a guide

for future compensation decisions.

Deferred compensation plans are used by many Universities and are considered common practice. A more detailed analysis should be conducted to determine if these plans are structured

to meet the Universitys objectives.

The peer group 990 data may be understated, as many report income from multiple sources. Although we did review foundation 990s, its impossible to know if we captured the complete picture from the 990s. A custom survey should be considered.


Next Steps

Review compensation data from preliminary report with the University of Louisville Compensation Committee.

Decide on whether to conduct a custom compensation survey that could be used to gather specific compensation data, at peer universities willing to participate, for similar executive

positions.



Appendix A President


Summary of Compensation Data Sources - President

The Chronicle of Higher Education

Form 990s CUPA

Base Salary

25th Percentile $455,391 $424,173 $445,946

Median $518,250 $460,808 $479,354

Average $516,081 $496,760 $460,426

75th Percentile $549,351 $563,518 $530,349

Total Cash Compensation (Base Salary + Annual Incentives)

25th Percentile $468,019 $424,173 N/A

Median $535,600 $511,336 N/A

Average $543,544 $518,100 N/A

75th Percentile $628,047 $585,903 N/A

Total Compensation (Total Cash + Deferred Compensation and Benefits)

25th Percentile $568,094 $479,407 N/A

Median $690,718 $615,221 N/A

Average $662,393 $674,834 N/A

75th Percentile $749,013 $887,521 N/A


The Chronicle of Higher Education Compensation Data

President

University

Fiscal Year

End Name

Base

Compensation

(Aged to

7/1/2015)

Bonus Pay

(Aged to

7/1/2015)

Total Cash

Compensation

(Aged to

7/1/2015)

Deferred

Compensation

Set Aside and

Retirement

(Aged to

7/1/2015)

Total

Compensation

(Aged to

7/1/2015)

Severance

(Aged to

7/1/2015)

Deferred

Compensation

from Previous

Year Paid in

Current Year

(Aged to

7/1/2015)

Georgia institute of Technology (GA Tech) 6/30/2014 G.P. (Bud) Peterson $453,200 $0 $453,200 $351,942 $805,142 $0 $0

North Carolina State University 9/30/2014 W. Randolph Woodson $531,657 $0 $531,657 $92,216 $623,873 $0 $0

Rutgers University 6/30/2014 Robert L. Barchi $669,113 $92,700 $761,813 $25,874 $787,686 $0 $0

SUNY Stony Brook 6/30/2014 Samuel L Stanley Jr. $669,500 $0 $669,500 $21,218 $690,718 $0 $0

Temple University 6/30/2014 Neil D. Theobald $463,500 $30,900 $494,400 $240,153 $734,553 $0 $0

University of California - Irvine 6/30/2014 Michael V. Drake $403,760 $0 $403,760 $20,198 $423,958 $0 $0

University of California - San Diego 6/30/2014 Pradeep K. Khosla $423,417 $0 $423,417 $0 $423,417 $0 $0

SUNY Buffalo 6/30/2014 Satish K Tripathi $669,500 $0 $669,500 $26,874 $696,374 $0 $0

University of Alabama at Birmingham 9/30/2014 Ray Watts $457,583 $107,354 $564,936 $0 $564,936 $0 $0

University of Cincinnati 6/30/2014 Santa Ono $540,750 $0 $540,750 $30,502 $571,252 $0 $103,000

University of Iowa 6/30/2014 Sally Mason $528,702 $0 $528,702 $181,280 $709,982 $0 $0

University of Kentucky 6/30/2014 Eli Capilouto $551,565 $157,075 $708,640 $257,835 $966,475 $0 $0

University of New Mexico 6/30/2014 Robert G Frank $369,307 $0 $369,307 $103,000 $472,307 $0 $0

University of North Carolina at Chapel Hill 6/30/2014 Carol L Folt $535,600 $0 $535,600 $18,141 $553,741 $0 $0

University of Pittsburgh 6/30/2014 Mark Nordenberg $615,425 $0 $615,425 $73,851 $689,276 $0 $0

University of South Carolina 6/30/2014 Harris Pastides $547,136 $0 $547,136 $161,514 $708,650 $0 $0

University of South Florida 6/30/2014 Judy L Genshaft $484,100 $192,121 $676,221 $122,937 $799,157 $0 $65,045

University of Utah 6/30/2014 David W. Pershing $369,616 $0 $369,616 $326,465 $696,080 $0 $83,249


The Chronicle of Higher Education Compensation Data (continued)

President

University

Fiscal Year

End Name

Base

Compensation

(Aged to

7/1/2015)

Bonus Pay

(Aged to

7/1/2015)

Total Cash

Compensation

(Aged to

7/1/2015)

Deferred

Compensation

Set Aside and

Retirement

(Aged to

7/1/2015)

Total

Compensation

(Aged to

7/1/2015)

Severance

(Aged to

7/1/2015)

Deferred

Compensation

from Previous

Year Paid in

Current Year

(Aged to

7/1/2015)

University of Virginia 6/30/2014 Teresa A. Sullivan $509,541 $0 $509,541 $253,933 $763,474 $0 $0

University of Washington 6/30/2014 Michael K. Young $640,668 $0 $640,668 $26,780 $667,448 $0 $0

University of Illinois at Chicago 6/30/2014 Paula Allen-Meares $435,132 $0 $435,132 $30,101 $465,232 $0 $463,500

Virginia Commonwealth University 6/30/2014 Michael Rao $518,250 $51,500 $569,750 $225,260 $795,010 $0 $0

Wayne State University 9/30/2014 M. Roy Wilson $482,837 $0 $482,837 $143,464 $626,302 $0 $0

25th Percentile $455,391 $0 $468,019 $26,327 $568,094 $0 $0

Median $518,250 $0 $535,600 $92,216 $690,718 $0 $0

Average $516,081 $27,463 $543,544 $118,849 $662,393 $0 $31,078

75th Percentile $549,351 $15,450 $628,047 $203,270 $749,013 $0 $0

Not Included Due to Partial Year

Compensation

Clemson University 6/30/2014 James P. Clements $387,866 $0 $387,866 $21,128 $408,994 $0 $0 (a)

Florida State University 6/30/2014 Eric J. Barron $332,887 $239,990 $572,877 $58,113 $630,989 $96,572 $0 (b)

Virginia Polytechnice Institute and State

University (Virginia Tech) 6/30/2014 Charles W. Steger $480,177 $26,192 $506,369 $35,157 $541,526 $0 $261,182 (c)

(a) Started position in December, 2013

(b) Left position in April, 2014

(c) Left position in May, 2014


Form 990 Compensation Data

President

University

Tax Year

End Name

Base

Compensation

(Aged to

7/1/2015)

Bonus &

Incentive

(Aged to

7/1/2015)

Total Cash

Compensation

(Aged to

7/1/2015)

Other

Reportable

Compensation

(Aged to

7/1/2015)

Retirement and

Other Deferred

Compensation

(Aged to

7/1/2015)

Nontaxable

Benefits (Aged

to 7/1/2015)

Total

Compensation

(Aged to

7/1/2015)

Clemson University 6/30/2013 James Barker $420,119 $0 $420,119 $1,509 $35,096 $16,555 $473,278

Georgia institute of Technology (GA Tech) 6/30/2013 George Peterson $460,808 $0 $460,808 $12,731 $0 $11,998 $485,537

SUNY Buffalo 6/30/2014 Satish Tripathi $400,313 $0 $400,313 $0 $26,265 $18,838 $445,415

SUNY Stony Brook 6/30/2013 Dr. Samuel Stanley $265,225 $0 $265,225 $0 $0 $0 $265,225

Temple University 6/30/2013 Richard Englert $458,291 $53,045 $511,336 $21,326 $64,948 $17,611 $615,221

University of Alabama at Birmingham 9/30/2013 Ray Watts $707,133 $136,914 $844,047 $4,338 $181,584 $48,429 $1,078,398

University of Kentucky 6/30/2014 Eli Capilouto $525,300 $0 $525,300 $55,829 $254,281 $18,555 $853,966

University of Pittsburgh 6/30/2013 Mark Nordenberg $600,100 $0 $600,100 $28,840 $72,661 $73,050 $774,651

University of Utah 6/30/2014 David Pershing $428,228 $0 $428,228 $0 $100,407 $0 $528,635

University of Virginia 6/30/2013 Teresa Sullivan $671,914 $0 $671,914 $0 $244,983 $4,180 $921,077

Virginia Polytechnic Institute and State

University (Virginia Tech) 6/30/2013 Charles Steger $526,936 $44,770 $571,706 $21,218 $347,820 $41,023 $981,767

25th Percentile $424,173 $0 $424,173 $0 $30,680 $8,089 $479,407

Median $460,808 $0 $511,336 $4,338 $72,661 $17,611 $615,221

Average $496,760 $21,339 $518,100 $13,254 $120,731 $22,749 $674,834

75th Percentile $563,518 $22,385 $585,903 $21,272 $213,284 $29,930 $887,521

Not Included Due to Partial Year

Compensation

Florida State University 6/30/2014 Eric Barron $417,678 $239,990 $657,668 $7,631 $70,199 $15,703 $751,202 (a)

(a) Left position in April, 2014


CUPA Compensation Data

CEO, Single Inst/Campus in System

University

Base Compensation

(Aged to 7/1/2015)

Survey Data Source #1 (confidential) $546,157

















25th Percentile $445,946

Median $479,354

Average $460,426



Appendix B EVP Provost


Summary of Compensation Data Sources EVP Provost

Form 990s CUPA

Base Salary

25th Percentile $265,208 $373,109

Median $353,816 $404,500

Average $323,092 $399,889

75th Percentile $382,700 $425,744


25th Percentile $267,197 N/A

Median $353,816 N/A

Average $328,330 N/A




Median $421,480 N/A





EVP Provost

University

Tax Year

End Name

Base

Compensation

(Aged to

7/1/2015)

Bonus &

Incentive

(Aged to

7/1/2015)

Total Cash

Compensation

(Aged to

7/1/2015)

Other

Reportable

Compensation

(Aged to

7/1/2015)

Retirement and

Other Deferred

Compensation

(Aged to

7/1/2015)

Nontaxable

Benefits (Aged

to 7/1/2015)

Total

Compensation

(Aged to

7/1/2015)

Clemson University 6/30/2013 Doris Helms $280,108 $2,652 $282,761 $866 $40,182 $9,402 $333,210

Georgia institute of Technology (GA Tech) 6/30/2013 Rafael Bras $403,300 $0 $403,300 $10,609 $143,103 $16,347 $573,359

SUNY Stony Brook 630/2013 Dr. Dionissios Assanis $220,506 $0 $220,506 $0 $0 $0 $220,506

Temple University 6/30/2013 Dai Hai-Lung $434,548 $39,253 $473,801 $62,877 $41,126 $17,611 $595,415

University of Alabama at Birmingham 9/30/2013 Linda Lucas $362,419 $0 $362,419 $2,210 $54,966 $12,139 $431,734

University of Kentucky 6/30/2014 Tim Tracy $345,213 $0 $345,213 $5,050 $45,786 $15,178 $411,226

University of Pittsburgh 6/30/2013 Patricia Beeson $375,833 $0 $375,833 $22,252 $45,462 $12,402 $455,949

University of Utah 6/30/2014 Ruth Watkins $162,807 $0 $162,807 $0 $40,479 $12,041 $215,327

25th Percentile $265,208 $0 $267,197 $649 $40,405 $11,381 $305,034

Median $353,816 $0 $353,816 $3,630 $43,294 $12,270 $421,480

Average $323,092 $5,238 $328,330 $12,983 $51,388 $11,890 $404,591

75th Percentile $382,700 $663 $382,700 $13,520 $48,081 $15,470 $485,302



Chief Acad Affairs Officer & Provost

University

Base Compensation

(Aged to 7/1/2015)




















Median $404,500

Average $399,889



Appendix C SVP Finance and Administration/COO


Summary of Compensation Data Sources SVP Finance and Administration/COO

Form 990s CUPA

Base Salary

25th Percentile $303,025 $248,658

Median $345,077 $263,196

Average $330,590 $277,696

75th Percentile $371,296 $305,970



Median $354,066 N/A





Median $410,657 N/A






University

Tax Year

End Name

Base

Compensation

(Aged to

7/1/2015)

Bonus &

Incentive

(Aged to

7/1/2015)

Total Cash

Compensation

(Aged to

7/1/2015)

Other

Reportable

Compensation

(Aged to

7/1/2015)

Retirement and

Other Deferred

Compensation

(Aged to

7/1/2015)

Nontaxable

Benefits (Aged

to 7/1/2015)

Total

Compensation

(Aged to

7/1/2015)

Clemson University 6/30/2014 Brett Dalton $331,570 $0 $331,570 $0 $47,716 $5,915 $385,201

Temple University 6/30/2013 Anthony Wagner $450,478 $26,523 $477,001 $34,203 $41,127 $17,611 $569,942

University of Alabama at Birmingham 9/30/2013 Richard Margison $383,341 $50,488 $433,830 $5,574 $55,151 $11,333 $505,887

University of Kentucky 6/30/2014 Eric Monday $358,584 $0 $358,584 $23,936 $36,591 $17,001 $436,112

University of Pittsburgh 6/30/2013 Arthur Ramicone $367,281 $0 $367,281 $26,671 $53,910 $14,917 $462,779

University of Virginia 6/30/2013 Patrick Hogan $147,985 $0 $147,985 $0 $30,420 $2,472 $180,877

Virginia Polytechnic Institute and State

University (Virginia Tech) 6/30/2013 Dwight Shelton $302,166 $9,181 $311,347 $0 $26,735 $14,288 $352,369

Wayne State University 9/30/2013 Richard J Nork $303,311 $46,236 $349,547 $0 $0 $0 $349,547

25th Percentile $303,025 $0 $326,514 $0 $29,499 $5,054 $351,664

Median $345,077 $4,591 $354,066 $2,787 $38,859 $12,810 $410,657

Average $330,590 $16,553 $347,143 $11,298 $36,456 $10,442 $405,340

75th Percentile $371,296 $31,451 $383,918 $24,620 $49,264 $15,438 $473,556



Chief Financial Officer

University

Base Compensation

(Aged to 7/1/2015)















Median $263,196

Average $277,696



Appendix D EVP Health Affairs


Summary of Compensation Data Sources EVP Health Affairs

Form 990s CUPA

Base Salary

25th Percentile $817,193 $705,317

Median $875,172 $811,446

Average $1,008,505 $822,187

75th Percentile $1,066,484 $870,103



Median $875,172 N/A

Average $1,035,027 N/A

75th Percentile $1,093,006 N/A



Median $1,236,568 N/A

Average $1,257,814 N/A

75th Percentile $1,506,298 N/A



EVP Health Affairs

University

Tax Year

End Name

Base

Compensation

(Aged to

7/1/2015)

Bonus &

Incentive

(Aged to

7/1/2015)

Total Cash

Compensation

(Aged to

7/1/2015)

Other

Reportable

Compensation

(Aged to

7/1/2015)

Retirement and

Other Deferred

Compensation

(Aged to

7/1/2015)

Nontaxable

Benefits (Aged

to 7/1/2015)

Total

Compensation

(Aged to

7/1/2015)

Temple University 6/30/2013 Larry Kaiser $1,469,038 $106,090 $1,575,128 $21,077 $0 $21,880 $1,618,085

University of Kentucky Research Foundation 6/30/2014 Dr. Michael Karpf $814,638 $0 $814,638 $296,416 $343,670 $14,311 $1,469,035

University of Pittsburgh 6/30/2013 Arthur Levine $818,044 $0 $818,044 $76,050 $31,827 $14,114 $940,035

University of Utah Research Foundation 6/30/2014 Vivian Lee $932,299 $0 $932,299 $0 $71,801 $0 $1,004,101

25th Percentile $817,193 $0 $817,193 $15,808 $23,870 $10,586 $988,084

Median $875,172 $0 $875,172 $48,563 $51,814 $14,213 $1,236,568

Average $1,008,505 $26,523 $1,035,027 $98,386 $111,825 $12,576 $1,257,814

75th Percentile $1,066,484 $26,523 $1,093,006 $131,141 $139,768 $16,203 $1,506,298



Chief Health Affairs Officer

University

Base Compensation

(Aged to 7/1/2015)

Survey Data Source #1 (confidential) $1,631,842









Median $811,446

Average $822,187



Appendix E EVP Research


Summary of Compensation Data Sources EVP Research

Form 990s CUPA

Base Salary

25th Percentile $268,588 $305,892

Median $284,203 $336,834

Average $305,960 $333,514

75th Percentile $300,117 $361,954



Median $284,203 N/A





Median $346,374 N/A





EVP Research

University

Tax Year

End Name

Base

Compensation

(Aged to

7/1/2015)

Bonus &

Incentive

(Aged to

7/1/2015)

Total Cash

Compensation

(Aged to

7/1/2015)

Other

Reportable

Compensation

(Aged to

7/1/2015)

Retirement and

Other Deferred

Compensation

(Aged to

7/1/2015)

Nontaxable

Benefits (Aged

to 7/1/2015)

Total

Compensation

(Aged to

7/1/2015)

Clemson University 6/30/2014 Larry Dooley $268,588 $0 $268,588 $0 $41,739 $9,319 $319,646

Florida State University 6/30/2014 Gary Ostrander $300,117 $251 $300,369 $1,448 $28,853 $15,703 $346,374

University of Alabama at Birmingham 9/30/2013 Richard Marchase $421,026 $11,235 $432,261 $3,943 $64,965 $13,040 $514,209

University of Kentucky 6/30/2014 Lisa Cassis $255,865 $0 $255,865 $1,174 $25,866 $8,819 $291,725

University of Utah 6/30/2014 Thomas Parks $284,203 $0 $284,203 $0 $72,896 $0 $357,099

25th Percentile $268,588 $0 $268,588 $0 $28,853 $8,819 $319,646

Median $284,203 $0 $284,203 $1,174 $41,739 $9,319 $346,374

Average $305,960 $2,297 $308,257 $1,313 $46,864 $9,376 $365,810

75th Percentile $300,117 $251 $300,369 $1,448 $64,965 $13,040 $357,099



Chief Research Officer

University

Base Compensation

(Aged to 7/1/2015)






















Median $336,834

Average $333,514



Appendix F VP Strategy and General Counsel


Summary of Compensation Data Sources VP Strategy and General Counsel

Form 990s CUPA

Base Salary

25th Percentile Insufficient data (2 data points) $210,865

Median Insufficient data (2 data points) $254,975

Average Insufficient data (2 data points) $253,361

75th Percentile Insufficient data (2 data points) $295,628


25th Percentile Insufficient data (2 data points) N/A

Median Insufficient data (2 data points) N/A

Average Insufficient data (2 data points) N/A




Median Insufficient data (2 data points) N/A

Average Insufficient data (2 data points) N/A





University

Tax Year

End Name

Base

Compensation

(Aged to

7/1/2015)

Bonus &

Incentive

(Aged to

7/1/2015)

Total Cash

Compensation

(Aged to

7/1/2015)

Other

Reportable

Compensation

(Aged to

7/1/2015)

Retirement and

Other Deferred

Compensation

(Aged to

7/1/2015)

Nontaxable

Benefits (Aged

to 7/1/2015)

Total

Compensation

(Aged to

7/1/2015)

Temple University 6/30/2013 George Moore $446,010 $42,436 $488,446 $4,463 $64,948 $17,611 $575,468

University of Pittsburgh 6/30/2013 Jerome Cochran $510,013 $0 $510,013 $27,972 $74,460 $13,689 $626,134



Chief Legal Affairs Officer

University

Base Compensation

(Aged to 7/1/2015)

























Median $254,975

Average $253,361


Documents

U of L Preliminary Report v9