Charities Under Fire for Executive Pay Levels
February 3, 2009 | Read Time: 1 minute
Nonprofit chief executive pay is the focus of two reports today on charities’ financial health during the economic recession.
New York cultural institutions that have received significant government support continue to pay their executives at high levels, despite budget cuts and layoffs at some organizations, reports The New York Post.
The American Museum of Natural History, which received more than $16-million from the city of New York in the current fiscal year, paid its top executive more than $1-million in salary and benefits in 2007, the paper reports. The charity let 50 employees go last week.
Meanwhile, critics are assailing the pay levels of executives at the Boy Scouts of America, in Irving, Tex., reports Hearst Newspapers.
Deron Smith, a Boy Scout spokesman, says the organization pays what it does to attract top talent at all leadership levels.
For more on executive pay, see The Chronicle’s most recent annual survey on compensation.
(A paid subscription or temporary pass is required to view the Chronicle survey.)
