Salaries of Seven Highest-Paid Millionaire Nonprofit CEOs Revealed
(NEW YORK) — 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.
1. Herbert Pardes, New York-Presbyterian Hospital (No longer at the organization.) – $4,304,346
2. Peter Marzio, Museum of Fine Arts, Houston (He died in December 2010.) – $3,943,145
3. Gary Gottlieb, Partners HealthCare System – $3,062,505
4. Delos Cosgrove, Cleveland Clinic Foundation – $2,279,364
5. John Seffrin, American Cancer Society – $2,081,246
6. Mark Wrighton, Washington University in St. Louis – $1,920,107
7. James Mandell, Children’s Hospital Boston – $1,861,684
Copyright 2012 ABC News Radio