Next time you donate to a non-profit or a charity, you may want to check how much their CEO and other leadership is making. USA today publishes an interesting statistics about the earnings of the top employees in the biggest charities. Here is a passage from the article: "The biggest compensation gainer among top executives was Franklin Graham of the Billy Graham Evangelistic Association, whose compensation rose 534% to $633,722, much of the gain because of a $366,000 retirement payment. Graham, 57, son of Billy Graham, also earns $483,000 as CEO of charity Samaritan's Purse. " To read more, click here:
http://www.usatoday.com/money/companies/management/2009-09-27-nonprofit-executive-compensation_N.htm#uslPageReturn.
I know people need to be paid and paid well for good work. However, I do struggle to reconcile the thought that these organizations find it possible to pay millions of dollars to some top earners while enjoying the tax exempt status. Somehow this does not feel right.
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Great title for this story! Example of Graham is just perfect.
ReplyDeleteWe received a package from Leukemia Society asking to volunteer for collecting donations in the neighborhood. Katya wanted to do it feeling proud of being able to help as much as she can. My first thought was: "Is it going to patients? What percentage?" Greed is oversized in our society. I do not believe any of these people are so genius that they deserve this compensation.