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Globe Spotlight report - Charity at home
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Top dollar
Salaries paid to the heads of many private foundations are dramatically higher than
what is considered typical for foundation chief executives. A sampling:
| FOUNDATION |
ASSETS |
CHIEF EXECUTIVE |
SALARY |
MEDIAN SALARY* |
| Paul and Virginia Cabot
Charitable Trust, Needham
|
$4,996,454 |
Paul C. Cabot Jr. |
$1,318,240 |
$59,750 |
| William T. Morris
Foundation, New York
|
$51,333,357 |
Edward A. Antonelli |
$809,750 |
$110,000 |
| Gerda Lissner Foundation,
New York
|
$12,465,143 |
Betty Smith |
$281,153 |
$80,000 |
*For heads of foundations of similar asset size, according to Association of Small Foundations,
2002 Membership Survey Report
SOURCE: 2002 federal tax returns (2001 for Morris Foundation)
Graphic: Globe Staff / David Butler
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