Placido Domingo, General Director of the Los Angeles Opera earns $1.35 million. The Met’s yearly expenses have reached $386 million ( CNN Money). The Met was founded in 1870 to encourage the study and application of fine arts.
Rafferty, President of the Metropolitan Museum of Art in New York City, earns nearly $1.5 million. The Boys & Girls Club provides educational after-school programs for more than 4,000 chapters, serving around 4 million children. Roxanne Spillett, President of Boys & Girls Clubs of America, earns $1.8 million at an organization with expenses exceeding $130 million ( CNN Money). The American Cancer Society is the world’s largest voluntary health organization fighting cancer. John Seffrin, CEO of American Cancer Society, earns $2.1 million, while also serving at the White House on the public health advisory group. The Hewlett Foundation has a wide range of goals-reducing global poverty, limiting the risk of climate change, advancing education, improving reproductive health rights and supporting local performing arts. Laurance Hoagland Jr., Chief Investment Officer of the William and Flora Hewlett Foundation earns a hefty salary of $2.5 million. Take a look at this list of 12 nonprofit CEOs raking in a staggering annual salary, and let us know what you think in the comments section below. While looking at CEO compensation for these charities is only one number, if their talent results in greater revenue for the organization, the level of income may be justifiable. In the corporate world, a higher salary results in a greater value. When qualified talent is already earning less than what would be offered by a for-profit company, the issue comes down to a question of whether or not a strong corporate culture is crucial to the success of these charities. New York Governor Andrew Cuomo told Forbes, “These regulations will allow the state government to identify and stop the few providers that pocket taxpayer dollars rather than use them to serve the public.”
Florida pushed for a limit of $129,972, while Massachusetts suggested $500,000 ( Forbes). Several states, including New York, New Jersey, Florida and Massachusetts, have pushed legislation to limit the salary of nonprofit CEOs who accept public funding. It’s easy to forget that these large charities are multi-million dollar operations.Īre these high-earning execs pulling a fair salary for their good works, or are their impressive salaries questionable considering the nature of their work?
#Does tabber actually pay charities for free
The study revealed many donors simply assume these leaders work for free or minimal pay. Out of 3,929 charities reviewed in Charity Navigator’s 2013 CEO Compensation Study, a whopping 78 of the CEOs mentioned reportedly earned salaries between $500,000 and $1 million.
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