Skip to main content
Philanthropy Journal Home

Philanthropy Journal News

Nonprofitxpress roundup – Nonprofit execs get big raises

 | 

Here are the week’s nonprofit headlines:

*Pay raises for top executives of the biggest U.S. nonprofits more than doubled the inflation rate in 2001, with the percentage increases more than doubling those paid to corporate CEOs, The Chronicle of Philanthropy reports in its Oct. 3 edition.

*Independent Sector, a coalition of nonprofits, says it opposes H.R. 2357, a bill the U.S. House of Representatives soon will consider that Independent Sector says would let churches engage in political campaign activities without hurting their tax-exempt status.

*A study by the South Carolina Association of NonProfit Organizations found the state has 2,350 charitable nonprofits that employ 76,000 people and spent $5.1 billion in 2000, or roughly 5 percent of the state’s gross domestic product, the Spartanburg Herald-Journal reported Sept. 27.

*The financially troubled Barnes Foundation is seeking court permission to move its art collection from a Philadelphia suburb to a downtown building to be built with $150 million from two other foundations, The New York Times reported Sept. 25.

Roger Kimball, managing editor of The New Criterion, wrote an opinion column in The Wall Street Journal Sept. 25 saying the move shows donors cannot rely on having a say how their property is disposed of after their death.

*The John D. and Catherine T. MacArthur Foundation in Chicago announced 24 winners of its $500,000 “genius awards, The New York Times reported Sept. 25, while The Wall Street Journal reported Sept. 25 that while philanthropic foundations increasingly reward individuals as leaders, heroes, geniuses and change agents, many of those individuals depend on teams or bigger institutions.

Leave a Response

Your email address will not be published. All fields are required.