Charity CEOs making big bucks
Posted Apr 14, 2010 11:35 am.
This article is more than 5 years old.
The money you donate to charities may not be going where you think.
In fact, it seems for some of Canada’s best known fund-raising groups, charity begins in the CEOs office.
According to the Globe and Mail, some of the top officials at some of Canada’s largest charities are paid more than $300,000 a year.
The man in charge of the Sick-Kids Foundation in Toronto seems to be taking home the most dough, raking in about half-a-million dollars. 4038151740
The figures are being released for the first time ever thanks to new legislation.
It requires charities to file the compensation of their highest paid officials, and the numbers are staggering.
The heads of the Canadian divisions of Plan International, the Heart & Stroke Foundation, World Wildlife Fund , Salvation Army, and the Red Cross all make between 200 and 350 grand a year.
What seems like hefty compensation is being defended by the chairman of Imagine Canada.
“Some of these charities are big complex organizations and you need some skilled people running them,” Don McCreesh, tells the Globe and Mail
“If I’m giving money to a big complex organization I want to make sure it’s managed right and that may mean paying somebody more than $250,000,” he adds.
But action is being taken to try and pull back on the payouts.
A private members bill is going before the house of commons. If approved, it would force charities to cap their salaries at $250,000 a year.
Here are some of the salaries posted on the Globe and Mail’s website.
$350,000 or more:
The Hospital for Sick Children, Toronto
St. Michael’s Hospital Foundation, Toronto
York University Foundation
Princess Margaret Hospital Foundation, Toronto
Montreal General Hospital Foundation
$300,000 to $350,000:
Mount Sinai Hospital Foundation, Toronto
Plan International Canada (formerly Foster Parents Plan)
Heart & Stroke Foundation of Ontario
YMCA of Greater Toronto
$250,000 to $300,000:
Toronto General & Western Hospital Foundation
British Columbia’s Children’s Hospital Foundation
VGH & UBC Hospital Foundation in Vancouver
$200,000 to $250,000:
Canadian Cancer Society, Ontario Division
Heart & Stroke Foundation of Canada
World Wildlife Fund Canada
Salvation Army Territorial Headquarters
Hockey Hall of Fame and Museum
Canadian Red Cross
