During the 2019-20 academic year, TCU’s Faculty Senate endorsed a report finding that TCU’s full-time faculty compensation lags behind other nationally-ranked private universities.
The AAUP recently released new data on faculty compensation, so a subsequent analysis examined that data to see if that was still the case. This analysis also considered data from IRS Form 990 filings to get a fuller picture of compensation across the comparison schools.
The Board of Trustees’ decision to permanently reduce employee compensation (by reducing the retirement contribution rate by over 30%) also motivated the report. An Open Letter expresses faculty/staff concern about this decision, and as of this writing that Open Letter has been signed by almost 40% of full-time TCU faculty.
The full report (which serves as an addition to the 2019-20 Senate report) is available here. TCU 360 has also published an article that summarizes and visualizes some of the data presented in the report.
The report offers the following summary: “The reduction in the retirement contribution further diminishes TCU’s lackluster compensation packages in comparison to other nationally-ranked private universities. In contrast, recent history indicates that TCU has spent lavishly on the compensation of executive and athletic officers, at levels exceeding almost all other comparison schools.”