President Obama has decided to set restrictions on compensation for the top executives at certain for-profit institutions who receive financial assistance from the government. The cap has been set at $500,000. With this new policy, we decided to take a look at CEO compensation for non-profits that accept government funding.
Compensation for the CEOs of non-profits has always been a topic of controversy. Some believe compensation must be competitive with the for-profit sector to retain talent; while others believe that extremely high salaries are downright offensive.
Of the charities on our site, there are 93 charities that accept government funding and also pay their CEO $500,000 or more. These organizations include: Boys & Girls Clubs of America, American Red Cross (recipient of a $100 million government bailout), Easter Seals, March of Dimes, and the American Cancer Society. Of these 93 charities, 33 accept more than $100 million in government funding and pay their CEO $500,000 or more. These organizations include: Stanford University, Harvard University, The New York Public Library, Dana-Farber Cancer Institute and Massachusetts Institute of Technology.