Friday, October 24, 2014

Higher Ed Association Paydays

Inside Higher Ed
October 24th, 2014

Salaries for executives at higher education trade associations rival those of top-paid college presidents.
Compensation for the leaders of these higher ed groups – which are considered nonprofits by the IRS – has climbed in recent years.
Twenty-seven of 48 association heads earned about as much or more than the median salary for a university president, which was about $400,000 in 2012-13.
The highest-paid sitting association leader is Mark Emmert of the National Collegiate Athletic Association. He earned $1.7 million from fall 2012 to fall 2013.
The second-highest-paid sitting leader, Michael Lomax, runs the United Negro College Fund. The UNCF, as it is known, supports the nation’s private historically black colleges – many of which are struggling financially – and provides scholarships for students from low-income families. Lomax earned over $1.4 million from spring 2012 to spring 2013, including $101,000 in performance-based incentives and $695,000 in retirement payouts from his previous eight years as UNCF’s leader.

No comments:

Post a Comment

To eliminate spam comments at restricted to registered users. Additionally, all posts are moderated to further prevent spam and off topic discourse. We strive to post all on topic comments.