Advertisement

Non-profit CEO salaries not out of sight

By

NEW YORK, Sept. 28 (UPI) -- The highest paid director of a U.S. non-profit in 2008 was Partners HealthCare executive James Mongan, an annual survey of non-profit salaries said.

The Chronicle of Philanthropy said Mongan earned $3.4 million in pay and benefits in 2008, while Museum of Modern Art director Glenn Lowry took home the second highest compensation package, worth $2.7 million.

Advertisement

The third highest compensation went to Steven Altschuler, chief executive officer of Children's Hospital of Philadelphia, who earned $2.4 million, USA Today reported Monday.

The Chronicle's list only ranks salaries at the 325 largest non-profit organizations in the country, making it possible, although not likely, that a smaller non-profit could pay an executive more than one of the top 325 largest.

Partners Health said Mongan's pay was "in line with that of his national peers."

Chairman of the Museum of Modern Art's compensation committee Donald Marron said membership at the museum rose fourfold, attendance 73 percent and gallery space 50 percent after Lowry, "led MoMA through an intricate period of expansion and reinvention."

The median pay for top executives at non-profits in 2008 was $418,555, while the median salary for CEOs at corporations listed on the Standard & Poor's 500 was $7.6 million, the newspaper said.

Advertisement

Latest Headlines

Advertisement

Trending Stories

Advertisement

Follow Us

Advertisement