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September 28, 2012 at 08:42 AM
The nation’s largest charities and foundations gave their chief executives a 3.8% pay increase in 2011, a couple of steps ahead of the 3% inflation rate.
According to The Chronicle of Philanthropy’s annual survey of executive compensation and benefits released last week, top executives at 132 organizations that reported 2011 figures received a median total compensation of $429,512.
This compares with a pay increase of 2.7% and median total compensation of $475,192 for chief executives at 282 big charities and foundations in 2010, the most recent year for which many nonprofits filed annual tax returns.
Compensation consultants and executive recruiters The Chronicle spoke with said top executives at nonprofits would continue to receive modest increases—in the 2.5% to 3.5% range—this year and in 2013, although some might fare better.
Expected cuts in spending by the federal government and many state governments will directly affect organizations that receive a sizable proportion of their budgets from these sources and less from private donations or payments for services.
