Donations

[Jim]

My friend told me he gives to Saint Jude's Children Hospital. When I told him the CEO there takes his 1.7 million off the top, he was surprised.

I had to fact check this and unfortunately, it does appear to be true. Also, Richard C. Shadyac Jr., CEO of ALSAC, the fundraising arm of St. Jude, earned about $1.02 million in total compensation for the same year.

I need to be in the "charity" business.

 

[Kevin D Pem]

I had to fact check this and unfortunately, it does appear to be true. Also, Richard C. Shadyac Jr., CEO of ALSAC, the fundraising arm of St. Jude, earned about $1.02 million in total compensation for the same year.

I need to be in the "charity" business.

You just need to be charitable!
If all they were guilty of was overpaying their executives I would be sleeping without nightmares!

 

[rvkev]

It appears to be where you look for answers to salaries. The 1.7 million dollar CEO salary was when a group of folks were at Panera Bread. The one gal works the phone for donations and was surprised it was that HIGH. Maybe it is 1.3 million, but 1.3 is still egregious.

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Here is one place to have a look

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More conversation here

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I feel these saleries are egregious, because I never made six fiqures. I never gouged customers like my competitors, but I do sleep well.

 

[Boat Bum]

The typical response to this outrage is the amount of money these CEO's bring in for the charity.

 

[Jim]

The typical response to this outrage is the amount of money these CEO's bring in for the charity.

I get that argument, but to me, there's a fundamental difference between a CEO managing a widget company, where their salary is tied to the number of widgets sold, and a CEO running a charity that relies on donations from well-meaning people to help those in need.

Maybe it's a fine line, but it matters, to me anyway. A charitable donation comes from the goodness of someone's heart, with the intent of making a difference. Buying a widget, on the other hand, is a transaction, I get my widget, and I couldn’t care less how the company spends the money, as long as I get what I paid for.

 

[Boat Bum]

I don't disagree with you, Jim, however, the job of the CEO is to advance their Mission Statement regardless of industry. Those that do it well are compensated accordingly. We're starting down a slippery slope if we are to consider CEO salaries based on the virtuousness of the company/industry.

The surest way to ensure 100% of your contribution goes to the cause is to donate your time or materials. I am in no way trying to justify these salaries. I too was outraged when I learned how much of my payroll contribution to the United Way actually went to the recipients and took a closer look at the situation; it is what it is.

 

[redbaron]

What if CEO pay was directly related to the metrics of donations and other values the organization holds to be key trackers?

It’s typical for payments to be % based, and good organizations keep non-pass thru donations spending to a fixed %


A company that has a pass thru of 98% would be good, even if the CEO makes $10M a year. I would want that CEO working for me.

 

[ADR1RU]

James 1:27 KJV - Pure religion and undefiled before God and the Father is this, To visit the fatherless and widows in their affliction, and to keep himself unspotted from the world.

 

[John&Andrea]

Look into helping storm victims in NC and TN. We took a load of donations to Franklin NC last Saturday. We are looking for donations of cold weather sleeping bags or cash (to purchase bags) and will make a trip back soon we hope. It’s slow with donations of the bags so far.
Discover Church and Full Circle Recovery would be glad to hear from you.