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USF ponders $37,000 bonus

Just in time for holiday shopping, University of South Florida president Judy Genshaft could get a $37,000 bonus.

Rhea Law, head of the USF board of trustees, is recommending they approve the bonus today as a reward for Genshaft's performance and achievements of the past year.

The $37,000 amounts to 10 percent of Genshaft's $370,641 annual salary.

Law said the bonus is deserved recognition for a year in which Genshaft led the institution through many milestones - including a recent multimillion-dollar partnership with a Silicon Valley research institute.

In her annual evaluation of Genshaft, Law notes that during the 2005-06 academic year, the National Science Foundation named USF one of the nation's two fastest-growing research universities. Research funding topped $300-million for the first time in USF's 50-year history.

The average SAT score of incoming freshman rose from 1108 to 1131, and the university boosted its financial footing by raising nearly $70-million in private donations.

"I think the record clearly indicates it's been a great year," Law said. "I'm hoping to send the message that we appreciate her efforts."

Under Genshaft's watch, USF also secured more than $25-million for enrollment growth, and for improvements to graduate programs and branch campuses.

USF St. Petersburg received separate accreditation, and USF established a number of new programs, including a doctor of nursing practice.

USF officials recently announced a partnership with SRI International to open a $10-million, 30,000-square-foot marine technology research center in conjunction with the College of Marine Science and its Center for Ocean Technology

Genshaft, at the helm of USF since 2000, did not comment. She got a bonus of more than $30,000 last year.

Genshaft's contract is to be renegotiated next year. Her base salary is now less than those of the presidents of Florida International University, the University of Florida and the University of Central Florida.

Times researcher John Martin contributed to this report. Contact Shannon Colavecchio-Van Sickler at svansickler@sptimes.com or at (813) 226-3403.

FAST FACTS

What Genshaft makes

Base salary: $370,641

Deferred compensation: $27,000

Retirement pay: $23,445

Other perks: One car, and payment of membership club dues and expenses related to presidential duties. She also is eligible each year for a performance bonus.

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