Lincoln University President Kevin Rome will get a $17,000 raise, starting July 1.
LU Curators awarded the increase during their closed session last Thursday, then announced it Monday morning.
Also during that session, the curators awarded Ruthi Sturdevant "professor emeritus" status, effective with her retirement on July 1, and named Linda Bickel the "Curators' Distinguished Professor," also effective July 1.
In their announcement Monday, the curators said Rome's pay raise was "based on (his) exceptional service, exceeding expectations and meeting the performance funding targets."
Increased state funding is based on each Missouri public college's or university's success in meeting five goals - and LU last year reached all five goals, qualifying for the maximum, 4 percent funding increase lawmakers placed in the 2016-17 state budget.
The budget that curators approved last week includes a 3 percent raise for Lincoln's faculty and staff, which the board authorized during a May 5 telephone conference call.
Rome's 7.623 percent raise takes him from $223,000 a year to $240,000 a year - and is his second raise in two years.
The board gave Rome a $23,000 raise in December 2014 - after he'd been at the school for 18 months - arguing at the time he "was the lowest-paid university president in the state of Missouri."
He earned $200,000 - plus $24,200 for insurance, housing, transportation and other benefits - when he started as Lincoln's president on July 1, 2013.
His starting salary three years ago was $21,000 more per year than he'd earned in his previous job at North Carolina Central University - and was $20,975 more than Lincoln had paid Carolyn Mahoney, LU's previous president, who retired in August 2012.
The state Higher Education Department releases an annual "President's and Chancellor's Compensation Survey" each July. It shows each administrator's base salary and the various benefits awarded.
Including those benefits - medical/dental/vision benefits, long-term disability, retirement, annuity, housing and an automobile allowance - Rome last year was paid a total of $310,117, which was fourth from lowest among the 13 four-year campuses' top administrators.
Those earning less than Rome were Truman State University President Troy Paino, $305,684; Southeast Missouri State President Kenneth Dobbins, $292,543; and Missouri Southern President Alan Marble, $275,338.
The top salary among the college executives went to then-UM System President Tim Wolfe - who resigned last fall, during the race-related controversies at the Columbia campus. He was listed as earning an estimated $791,746 in salary and total benefits, as the head of the four-campus University of Missouri system.
In other business, the curators signed a contract with MBS Direct to operate the LU bookstore.