Charity Compensation
This is why I have so many reservations about donating money. Okay, perhaps this isn't the only reason, but it's up there. I mean, I understand the reason for appropriate compensation, and how higher incentive goals can produce higher returns and impact on a nonprofit's' performance. However, this makes me uncomfortable. Maybe I am alone?
Charity Officials Are Increasingly Receiving Million-Dollar Paydays
About 2,700 people had seven-figure pay packages at the nonprofits in 2014, a number that was up a third in three years, newly searchable IRS data show
Many of the $1 million-or-more packages in the Journal’s analysis included deferred-compensation contributions or payouts. In about a quarter the base pay was $1 million or more.
Now I understand there is a flipside to all this, and these companies want to attract top talent to manage their institutions. Intern the recipients receive better care/aid/whatever it might be.
What do you Monkeys think, should we be looking for our next exit opp in the nonprofit sector?
