Nearly 30% of Nonprofit Leaders Took a Pay Cut This Year; Pay in 2008 Grew Quickly
Nearly three in 10 of the leaders of the nation’s biggest charities and foundations have taken pay cuts in the past year as the recession causes donations to drop and batters endowments, a Chronicle of Philanthropy survey has found. The pay cuts come after the earnings of nonprofit leaders changed…
By Ben Gose
Senior Editor
Report Analyzes Pay Trends of Charity CEOs
Thanks to persistently bigger raises over the past several years, chief executives at the largest nonprofit organizations now earn almost 10 times as much as leaders of small charities, a new study has found. Leaders of charities with budgets of $50-million or more earned a median salary of…
By Ben Gose
Senior Editor
CEO Pay Grew Last Year, but a Slowdown Expected
Recession means the days of steady raises are likely over for the nation’s top nonprofit executives.
By Ben Gose
Senior Editor
Giving From Community Foundation Funds Strong in 2009, Early Findings Suggest
Is grant making at community foundations holding up better than grant making at commercial funds? Results from a small subset of organizations that manage donor-advised funds suggest that it might be. Four of the 10 organizations that provided full data for their 2009 fiscal year to The Chronicle…
By Ben Gose
Senior Editor
New Rules on Donor-Advised Funds Unlikely, For Now
The financial crisis has wreaked havoc with the assets of donor-advised funds, but it has probably put off one challenge for organizations that run them: Congress seems unlikely to impose new regulations that would affect people who create donor-advised funds. Officials who oversee the funds fear…
By Ben Gose
Senior Editor
Fees Vary Greatly at Organizations That Operate Donor-Advised Funds
Mutual funds have long been closely connected to donor-advised funds, with the investment behemoths Fidelity Investments, the Vanguard Group, and Charles Schwab running three of the largest donor-advised funds. The two industries also have something in common when it comes to fees: Just as the cost…
By Ben Gose
Senior Editor
Giving from donor-advised funds remained strong in 2008, but early results for 2009 paint a bleaker picture.
By Ben Gose
Senior Editor
Federal Jury Rules in Favor of Foundation in Controversy Over Bonuses for AIG Managers
Jury rules in favor of foundation entangled in bonus controversy
By Ben Gose
Senior Editor
2 New Surveys Confirm Charity Leaders’ Perceptions: Recession’s Impact Runs Deep
Two studies released this week offer fresh evidence that the recession has created havoc for nonprofit groups: Ninety-two percent of the nearly 100 respondents in a survey conducted in May by the Bridgespan Group said they were feeling the effects of the downturn. Eighty percent of charity…
By Ben Gose and Caroline Preston
Charities should consider creating a contingency plan to identify steps they would take to insure that their organization remains viable, even if revenues were to drop sharply. Here are some steps recommended by consultants who are working with charities on contingency plans: Set priorities.…
By Ben Gose
Senior Editor