Executive Compensation at Pomona College
Pomona College (Pomona) in Claremont, California is often referred to as the Harvard of the West (Forbes ranked Pomona the number one college in America in 2015). With only 1,700 students, Pomona charges about $50,000 for tuition and another $16,000 for room and board annually, which is in line with other top private colleges in the country.
Pomona reported $236 million in revenue in 2016 – about half ($104 million) of which came from tuition, room and board payments. The remaining revenue primarily came from the sale of assets ($75 million) and contributions, gifts and grants ($44 million). Expenses totaled $192 million (net of depreciation) including $38 million in tuition assistance to 973 students (an average of $41,000 each). At year-end, Pomona had $2.4 billion in net fund assets. Read more 
Pineapple Upside Down Cake
Years ago, I used to make a Pineapple Upside Down Cake that was to die for – literally, as the recipe called for two sticks of butter, a few eggs, and a cup of sugar. So, the challenge was to figure out a way to make a Pineapple Upside Down Cake without the butter (or substituting 2 sticks of vegan butter), eggs, and an overload of sugar. Not an easy task but with all the beautiful fresh pineapples in the grocery stores, I thought it was high time to learn how to make a healthier version so I went through all my cookbooks and came up with a variation of Isa Chandra Moskowitz’s recipe for Pineapple Upside Down Cake. Read more
Sweet Potato Pecan Pie (Vegan)
The one question that most people ask when they find out I follow a plant-based diet is: Do you miss any of the foods you used to eat? Yes, I do, but not many.
I used to miss doughnuts but then I tasted a Cinnamon Sugar Doughnut made by the talented folks at Vortex Doughnuts in Asheville, North Carolina and the experience was pure bliss so I know where to go to get a doughnut fix. Turtles – those caramel, nut, and chocolate treats – were also a favorite treat but then I tasted Lagusta’s Luscious (available on-line or at their “Confectionary” store in the East Village in NYC) “Salted Galapagos Turtles” – vegan caramel, pecan, and chocolate turtles that taste just like the non-vegan version, only better! Read more
Executive Compensation at Vanderbilt University
Vanderbilt University is one of the top private universities in the South and in the USA. At nearly $70,000 a year for tuition, room, and board, Vanderbilt’s fees are right in line with other top private colleges and, yet people still wonder why a 4-year education at Vanderbilt costs nearly $300,000?
The answer: tuition dollars are supporting a huge education machine where, in the case of Vanderbilt, nearly half of the total expenses ($640 million out of $1.4 billion in expenses, not including depreciation) are compensation-related costs for the 37,165 employees in 2016 (an average of $17,000 per employee – compare this to $75,000 at Yale, $68,000 at Penn and $64,000 at Princeton) although the prior year, it is interesting to note, $2.3 billion was used to compensate 36,272 individuals, which equates to an average of $64,000 – more in line with the industry averages above. The IRS Form 990 offers no explanation explaining this discrepancy. Read more
Where Does $100 to the American Breast Cancer Foundation Go?
The American Breast Cancer Foundation (ABCF) is a 501 (c) (3) whose mission is to provide financial assistance to the underserved and underinsured for the screening and diagnosis of breast cancer. Based in Columbia, Maryland, ABCF has a 6-person governing board whose chairman is Brenda Loube (her husband, Paul J Loube is the Chief Executive Officer). Unfortunately, only 18% of revenue was awarded in grants to individuals and other non-profits to help the underinsured. Read more
Paddock Post 