WASHINGTON - The salaries of foundation executives and program staff increased slightly in 1994, growing about 5%, the same rate of increase as in 1993, according to the Council on Foundations, Washington.
When adjusted for inflation, salaries at foundations and corporate-giving programs reflected the modest growth rate of the rest of the economy.
Median salaries for CEOs of independent and private operating foundations increased 2.1% when adjusted for inflation. The median salary for a CEO in 1994 was $75,000; the median salary for program officers was $57,800. Staff who hold the CEO and program officer positions account for 24% of all full-time paid staff.
Minorities comprise 18% of all professional staff. Minority CEOs, some of whom are women, head 4% of the responding organizations. Almost 20% of corporate grant-making programs have minority CEOs. Blacks are significantly more likely to be CEOs than any other minority group.
The findings are based on a survey of 484 grant-making organizations. Respondents included independent, family, public, community, private operating and corporate foundations as well as corporate gift-giving programs.