7 Highest-Paid Millionaire Nonprofit CEOs
Chronicle of Philanthropy cites pay of CEOs at top charities and foundations.
Sept. 17, 2012 -- intro:
For the past decade, the Chronicle of Philanthropy has published the highest salaries of the chief executives of the nation's top charities and foundations. According to the most recent findings, which cover 2010 and half of 2011, the top earners routinely make more than $1 million and received a median pay increase of 3.8 percent in 2011.
In the No. 1 spot was Herbert Pardes, the former head of New York-Presbyterian Hospital who retired in 2011. He earned $4,304,346, including about $2 million in bonuses.
Although that might seem like a large salary, it's nothing compared to the CEOs of for-profit companies in the Standard & Poor's 500, whose total median compensation in 2011 was $9.6 million. They also saw a 28 percent pay increase in 2010 and 6.2 percent in 2011. Nice work if you can get it.
quicklist: 1
title: Herbert Pardes, New York-Presbyterian HospitalCategory: $4,304,346 (No longer at the organization.)
quicklist: 2
title: Peter Marzio, Museum of Fine Arts, HoustonCategory: $3,943,145 (He died in December 2010.)
quicklist: 3
title: Gary Gottlieb, Partners HealthCare SystemCategory: $3,062,505
quicklist: 4
title: Delos Cosgrove, Cleveland Clinic FoundationCategory: $2,279,364
quicklist: 5
title: John Seffrin, American Cancer SocietyCategory: $2,081,246
quicklist: 6
title: Mark Wrighton, Washington University in St. LouisCategory: $1,920,107
quicklist: 7
title: James Mandell, Children's Hospital BostonCategory: $1,861,684