Monday, September 25, 2006

Bloomberg.com: Muse-U.S. Charity Chiefs' Pay Averaged $327,575 in 2005, Study Says

Bloomberg.com: Muse: "The typical chief executive of a large U.S. charity or foundation earned $327,575 last year, a 3.6 percent increase over 2004, according to an annual survey by the Chronicle of Philanthropy.

While nonprofit compensation has grown faster than inflation in recent years, salaries ``are not going up anywhere near what they are in the private sector,'' said Trent Stamp, executive director of Charity Navigator, a Mahwah, New Jersey-based group that evaluates the performance of nonprofit organizations. ``And for the most part when you see a salary, that's it. There's no perks, no stock, no house that comes with it, no car.''"

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