Subject: Donations...Interesting
As you open your pockets for yet another natural disaster, keep these facts in mind:
Marsha J. Evans, President and CEO of the American Red Cross ...
salary for year ending 06/30/03 was $651,957 plus expenses .
Brian Gallagher, President of the United Way , receives a $375,000 base salary, plus numerous expense benefits .
UNICEF CEO receives $1,200,000 per year [100k per month] plus all
expenses and a ROLLS ROYCE where ever he goes , and only a few cents of your dollar goes to the cause.
The Salvation Army's Commissioner, Todd Bassett, receives a salary of only $13,000 per year (plus housing) for managing this $2
billion dollar organization.
No further comment necessary. Please share this with everyone you can think of, know or meet!
Fw: Donations...Interesting
11/02/2010 08:47:00 AM
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7 comments:
Actually, further comment IS necessary.
Now talk to me about corporate CEO pay, assholes.
Well this is an old one, and we know its basically false, but I do believe that the crack at UNICEF is a new addition. A not so subtle dig at the UN and the idea of filthy sponging foreigners? Likely.
A short google search brings this up: UNICEF's CEO does not make 1.2 million a year. No mention of a Rolls Royce, but I highly doubt it.
What google also shows is that UNICEF is one of the best charities around for getting the maximum percentage of each donation into its services. UNICEF spends 92 cents of each dollar on programming, which is a strong record which any charity should aspire to. As a result of their efficiency, they get 4 stars from Charity Navigator.
There were some serious issues with the Red Cross quite a few years ago, and I believe the figure quoted here is from 2003. At the time, there was a huge outcry and denouncement about the Red Cross problems, which I believe were cleaned up. Why bring this up now, unless you have new information relevant to today's Red Cross salaries? WTF?
I agree about the dig re UNICEF, which traditionally has done a really excellent job, but as we know racist nutjobz have been trained to fear the furriner so I guess that's why it's tacked onto this hodgepodge of junk.
And yeah: let's talk about CEO salaries, esp the ones where the CEOs have off-shored MANY millions of USA jobs to third world countries. Wanna guess what those creeps make? Let's just say it would make make up salary of the so-called UNICEF CEO look like *chump change,* and those same CEOs have a fleet of lear jets at their disposal. A Rolls Royce is yesterday's news.
Dumb, out of date, incorrect, lying stupid distractions that are completely meaningless.
Compensation of CEOs - in fact, all staff - of non-profit charitable organizations is a valid issue, but of course, it's a far more complex matter than this stupid forward would tell you.
In order to recruit competent leaders - wait, let me correct that: competent leaders who aren't independently wealthy - you generally need to pay a competititve, or at the very least, a fair and livable middle-class wage. On the other hand, non-profits - because they ARE charitable organizations - get special government condieration (i.e., no taxes), and take people's donatiosn for good causes, so the need to pay a fair wage has to be balanced with the need to not waste money on excessive compensation.
The question, of course, is where does "fair and competitive for the nonprofit sector" end, and "excessive waste of donor dollars" start? And how do we decide?
For someone working 40 hours/week to run a smaller nonprofit in a low-cost-of-living area, a wage in the modest 5-digit range might be perfectly fair and competitive. On the other hand, someone who works 70 hours a week running a huge organization, and who has to live in a high-cost-of-living area and travel a lot for the job, will have all sorts of high fixed expenses and will also be forced to buy all sort of sundy services (like "nice" business attire and dry-cleaning, laptops, blackberries, babysitting, take-out food, cleaning service, etc.) just in order to function in the context of their gruelling, high-profile job. For someone in that situation, something in the 6-figure range - at least the low 6-figure range - is really not that much money.
Non-profit wages are not really comperable with for-profit corproate wages. One, it's a different labor pool, and two, corporations don't have the same sort of "moral obligation" to not waste donor money. Comparisons with the for-profit sector are pretty much moot.
What a salary of a measly $13,000 would probably do for any job is reserve the job only for rich people, or maybe monks. (Come to think of of it, the Salvation Army is a religious organization - which makes me wonder if that measly $13k is on top of some sort of religion-provided housing, food, halth-care, etc. - i.e., is it more like a stipend for someone whose living expenses are taken care of, rather than a wage to hire a traditional employee? Anyone know?)
Sorry, I rambled on. That was probably too boring and factual to make a good forward.
@ anon
All good points. Just FYI, the CEO of the Salvation Army doesn't live on a meager 13K a year. According to estimates by Forbes magazine (per Snopes) he pulls in about 250K a year. In addition, his organization is estimated to be less efficient in terms of putting dollars to work for programming, though the difference is small and they all appear to be solid organizations.
Anonymous #1 beat me to it, but if you're interested:
Red Cross - also 92 cents on the dollar, CEO compensation $450k
The Salvation Army is not rated. Still, I guess they told the truth that just pennies of your donation go to the cause. 92 pennies, to be exact.
Truth or Fiction
Urban Legends
...and if we're going to slam other charities for generous CEO salaries, I ran across this
But at the end of the day, all three are charitable organizations, and their aid stats can speak for themselves.
Let's see AIG-FP's financial wizards try to justify their bonuses or live on only $500,000
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