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Tuesday, December 02, 2008
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NY IS #1 IN CHARITY CEO PAY

By BRUCE GOLDING

June 8, 2008

New York's nonprofits pay their CEOs more than any other city in the country - but don't raise the most money, a study shows.

The median salary for running a New York nonprofit is about $169,000, putting the Big Apple nearly $15,000 ahead of second-place San Diego in CEO pay.

But New York - which has 575 large charities - scored only fifth out of 30 major cities in median annual fund-raising.

Groups here collected $4.8 million each, far behind the $6.2 million raised by charities in Detroit, according to the report by Charity Navigator.

Topping the salary list is former Metropolitan Opera General Director Joseph Volpe, who pulled in $1.2 million a year before his 2006 retirement.

Big bucks also went to the Museum of Modern Art's Glenn Lowry, who commanded $902,000 in 2006.

Charity Navigator gave near-perfect marks to the city's official charity, the Mayor's Fund to Advance New York City, and the Children for Children educational charity founded by Silda Wall Spitzer, wife of ex-Gov. Eliot Spitzer.

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