IBJNews

Some U.S. charity executives shared the pain in 2008

Back to TopCommentsE-mailPrintBookmark and Share
On The Beat Industry News In Brief

Some—but not all—not-for-profit executives took pay cuts in 2008, according to the Chronicle of Philanthropy’s annual salary survey.

The median pay for chief executives at organizations surveyed rose from $330,395 in 2007 to $361,538 in 2008. The Chronicle’s annual survey covers 325 large foundations and not-for-profits, including hospitals and universities. However, only 253 organizations provided compensation data for both 2007 and 2008.

Among the 195 groups responding to the Chronicle’s question about pay cuts, 57, or 29 percent, said their top executive had taken a pay cut, declined a raise or bonus, or had pay frozen.

The median pay cut was 10 percent, the Washington, D.C.-based Chronicle reported.

At least two of the six best-paid executives—Glenn D. Lowry, director of the Museum of Modern Art, and Peter Gelb, general manager of the Metropolitan Opera Association, both in New York—said they’re taking pay cuts. The other four did not respond to the question.

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
ADVERTISEMENT