USF president Judy Genshaft could get healthy bonus
A sizable performance bonus could be in the cards for University of South Florida president Judy Genshaft as she completes her 13th year in charge of the university.
Friday, the USF Board of Trustees Compensation Committee recommended Genshaft get a $122,500 performance stipend this year, according to USF officials. Per her contract, Genshaft is eligible for up to a $175,000 annual performance stipend. The fate of the remaining $52,500 will be decided by the board chair when the board considers the proposal at its regular meeting Dec. 5.
The committee reviewed goals the university met or didn't meet from July 2012 to June 2013. The report highlights the school's research gains, successful $621 million fundraising campaign and faculty awards among many other achievements. Shortcomings, according to the report, came from freshman retention and SAT scores at USF St. Petersburg, and post-doctoral appointees for the whole system.
Genshaft's base salary is $470,000 -- $200,000 from state funds and the rest from the USF Foundation. She also gets an annuity at up to 12 percent of her salary, an annual retention stipend of $100,000 if she completes her contract through June 2016, plus a car and use of a house on campus among other benefits.