April 1, 2009 | Read Time: 1 minute
The Washington Blade, a newspaper in the nation’s capital that writes about gay issues, recently reported that the leaders of several charities that advocate for gay, lesbian, and transgender rights are taking pay cuts because of the recession.
As part of an article that examined pay at 30 nonprofit groups, the newspaper said that at least seven “executive directors had or would soon take a reduction in salary in 2009 due to problems associated with the nation’s economic downturn.”
For example, the newspaper reported that Joe Solmonese, president of the Human Rights Campaign, a gay advocacy group in Washington, reduced his salary by 10 percent, decreasing his total compensation from $338,400 to $302,200.
The president of the Gay & Lesbian Alliance Against Defamation, with offices in Los Angeles and New York, also agreed to a pay cut, reducing his salary by $20,000. The official, Neil G. Giuliano, also told the newspaper he had declined health-insurance benefits from the organization.
What other nonprofit leaders have agreed to pay cuts because of the bad economy? Are such cost-cutting measures beneficial to an organization? Click on the comment button below to share your views.
