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Foundation Trustee Compensation from Form 990PF

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Median compensation = $100,209. Executive director median = $ 75,000 ... you can learn a lot about private foundation trustee and executive compensation. ... – PowerPoint PPT presentation

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Title: Foundation Trustee Compensation from Form 990PF


1
Foundation Trustee Compensation from Form 990-PF
  • Mark A. Hager
  • University of Texas at San Antonio

In partnership with the Urban Institute, the
Foundation Center, and GuideStar through grants
from the C.S. Mott
Foundation and the Ford Foundation
2
Some policy and management questions regarding
foundations
  • What do private foundations do?
  • How do they organize people to get work done?
  • How many and which ones are staffed?
  • How much do executive managers get paid?
  • How many and which ones compensate trustees?
  • How much do trustees get paid?
  • What role do institutions play in foundation
    trusteeship?

3
Sources of data
  • Primary
  • Surveys by national and regional associations of
    foundations, and occasional
    scholars.
  • Coverage problems
  • Non-response problems

4
Sources of data
  • Secondary / Administrative
  • Annual private foundations reporting to IRS.
  • Good coverage
  • All Independent and Corporate foundations file
    Form 990-PF
  • All Community foundations file Form 990
  • Non-response is minimal issue
  • And you get more detailed data than you could
    ever ask in a survey

5
Two levels of data
  • Organizational level (foundations) e.g.
  • - Total assets
  • Total giving and payout
  • Type of foundation
  • Charitable expenditures
  • Total compensation and benefits paid
  • Number of staff

6
Two levels of data
  • Individual level (people)

7
Two sections
  • One for highest paid employees
  • One for officers, directors, trustees, and
    foundation managers.
  • The goal is to code staff members separately
    from trustees.

8
The Rub
  • Some trustees are also staff members.
  • In 2001, the highest paid foundation staff
    executive made almost 2,000,000. He was also a
    trustee.
  • If you are doing an analysis of trustee
    compensation, you cant include people who earn
    their incomes as staff members.

9
Conceptual Issue
  • Where is the line between a staffer who
    participates in governance duties and a trustee
    who carries out the work of the foundation?

staff
trustee
?
Executive Director 80,000 / year benefits
40 hours / week
Governing Board 1,000 / year - no benefits 3
hours / week
President 32,000 / year - no benefits 20 hou
rs / week
10
Code, Code, Code
  • Largest 10,000 U.S. foundations listed 51,533
    individuals and institutions in 2001.

46,523 Individual Trustees
1,340 Institutional Trustees
3,670 Staff
Thats the hard part.
11
46,523 Individual Trustees
  • 7,140 receive compensation
  • For all trustees
    2,417
  • For compensated trustees 15,637
  • For giving up to 500,000 10,564
  • For giving over 50 million 37,604
  • Community Foundations 8,348
  • Corporate Foundations 7,494
  • Independent Foundations 15,864

12
1,340 Institutional Trustees
  • Shouldnt confuse with trustees they function
    more like staff, or independent contractors.
  • 1,250 were compensated in 2001
  • 66,525 Highest 1,468,999
  • Much more likely among independent foundations
  • Smaller foundations more likely to have
    institutional trustees
  • Larger foundations pay much higher fees

13
Executive Staff
  • Identified 1009 foundations with an executive
    manager coded as executive director,
    president, or chief executive officer.
  • Median compensation 100,209
  • Executive director median 75,000
  • President or CEO median 144,153
  • Community foundation median 75,348
  • Independent foundation median 113,859
  • note cant study corporate foundation
    executives with these data

14
Re-aggregation
  • Individual level data can be aggregated back to
    organizational level, eg
  • Total trustee compensation paid out
  • Number of trustees compensated
  • Average trustee compensation
  • Use as a characteristics to compare with other
    foundation characteristics.

15
Take-aways
  • 1. With a little work, you can learn a lot about
    private foundation trustee and executive
    compensation.
  • 2. Foundation management and governance can be a
    pretty good gig.

16
Thanks!
  • Mark A. Hager
  • Center for Community Business Research
  • Institute for Economic Development
  • University of Texas at San Antonio
  • Mark.Hager_at_utsa.edu
  • (210) 458-2478
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