Salaries for CEOs and program officers at community foundations are growing much faster than for their counterparts at private foundations, a new report says.
Between 2005 and 2009, salaries for CEOs and program officers at community foundations grew 25.3 percent and 21.5 percent, respectively, compared to 15.9 percent and 13 percent at private foundations, according to the 2009 Grantmakers Salary and Benefits Report from the Council on Foundations.
That data, not adjusted for inflation, reflects salaries reported to the Council on Foundations over five years by a panel of foundation.
Adjusted for inflation, salaries for CEOs and program officers at community foundations grew 13.5 percent and 9.8 percent, respectively, compared to 4.8 percent and 2.1 percent at private foundations.
The median salary totaled $140,250 for CEOs and managers of corporate-giving programs, and $78,000 for program officers at 779 foundations and corporate grantmakers that reported salaries for a total of 7,611 full-time employees.
Salaries varied by size and type of grantmaker and by region.
The median salary in the Midwest was 10.1 percent lower than the national median for all positions, while salaries in the Northeast were 9.1 percent higher.
Among all foundations surveyed, 87.6 percent granted salary increases in 2008, but only 56.1 percent planned to award or already had awarded increases for 2009.
Median salary increases in 2008 totaled 4 percent for all types of foundations except corporate grantmakers; 4 percent for community foundations; 4.5 percent for family foundations; 4.1 percent for independent foundations; 4 percent for public foundations.
Corporate grantmakers reported median salary increases of 3 percent for 2008.
Women accounted for 75.8 percent of all full-time paid staff and 71.1 percent of all professional staff, including 56.2 percent of all CEOs or managers of corporate giving programs and 72.8 percent of all program officers.
Women held 90 percent of support-staff positions.
Minorities represented 24.9 percent of full-time paid staff, with blacks accounting for 11.9 percent of the total, Hispanics and Asians accounting for 6.1 percent and 4.9 percent respectively, and all other minorities accounting for 2.2 percent.
Minorities accounted for 7.65 percent of full-time paid CEOs and 35.6 percnet of program officers.