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Executive pay grows

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Here are the week’s top nonprofit stories:

* Executive salaries at the largest U.S. nonprofits rose 3.7 percent, or nearly twice the rate of inflation, to a median of $291,356 in 2003, says a survey by the Chronicle of Philanthropy, the Associated Press reported Sep. 27.

* Nonprofits 501c groups are airing political ads and registering particular communities of voters but, under IRS rules, do not need to disclose who funds the ads, unlike nonprofit 527 groups governed by the Federal Election Commission, the Washington Post reported Sept. 27.

* The Red Cross Disaster Relief Fund says it received $1 million from State Farm Insurance Companies to aid disaster victims, and $100,000 from the Exxon Mobile Foundation, adding to the $350,000 the foundation already has given.

* None of the $20 million raised in corporate and private donations in Russia and abroad for victims of the Russian school terrorism attack has been distributed to survivors, in part because of confusion over how many hostages were taken, the Associated Press reported Sept. 23.

* The Department of Housing and Urban Development is giving nearly $2 million to AIMCO, a large U.S. property-management firm cited for numerous violations and penalized by HUD and the EPA, says the nonprofit Alliance for Healthy Homes.

* Baruch College, part of the City University of New York, received $53.5 million from five alumni and an anonymous donor for a performing arts center, restoring an original classroom building, funding chairs in entrepreneurship, banking and finance, and endowing the Center for Financial Integrity, the Associated Press reported Sept. 29.

* The Salvation Army in Britain is short 9.6 million pounds, or over $17 million, in its annual budget because it treated anticipated income as received pledges, and now it must make severe cuts, including possible job layoffs, the Telegraph reported Sept. 24.

* A committee in the British Parliament is suggesting nonprofit hospitals and independent schools not be classified as charities, but still possibly receive tax breaks if they can demonstrate public benefit, BBC News reported Sept. 30.

* A new study in Britain suggests nonprofits form “benchmark clubs” to compare positive and negative experiences and discuss best practices, Charity Times reported Sept. 28.

* As donations to charities in Singapore grew to $512 million in 2003 from $382 million the previous year, the government is calling for them to be more publicly transparent, Todayonline reported Sept. 24.

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