Thursday, October 29, 2009
Billy Graham Association's Leader Declines Pay
An article in the Chronicle of Philanthropy today tells about Franklin Graham giving up his salary for one year but he still makes a lot.
By Noelle Barton
A prominent charity executive who leads two big charities in North Carolina decided this month to stop receiving pay from one of the organizations.
The Rev. Franklin Graham, who serves as chief executive at the Billy Graham Evangelistic Association, in Charlotte, as well as at Samaritan’s Purse, in Boone, will no longer receive compensation from the former.
Last year the Billy Graham association paid Mr. Graham $633,722, plus benefits of $36,060. Mr. Graham’s father, the Rev. Billy Graham, founded the charity in 1950, and Franklin Graham has been at the helm since 2001.
Also in 2008, Samaritan’s Purse paid Mr. Graham $308,206 and benefits of $174,547. He has served as that charity’s top executive since 1979.
“He just felt it was the best thing to do, given the current economic climate in the country,” said Mark DeMoss, spokesman for Mr. Graham and for both charities, in an e-mail message to The Chronicle. “He did not want his compensation to distract from the work of the two organizations.”
No Retirement Payments
Mr. Graham also directed both charities to suspend contributions to his retirement plans. That decision means the Billy Graham association will not contribute to his retirement in 2009 or 2010, and Samaritan’s Purse, which had already paid his 2009 contribution, will not make a contribution in 2010, Mr. DeMoss said.
“These are not necessarily permanent decisions and will likely be reviewed from year to year,” Mr. DeMoss said.
Both charities are listed on The Chronicle’s annual Philanthropy 400 list, just out this week, which ranks the top 400 charities in the country based on private donations.
Samaritan’s Purse, the larger of the two, ranked No. 59, and raised about $291-million in 2008, an increase of about 11 percent over 2007. Billy Graham Evangelistic Association, No. 258, raised about $83-million in 2008, which was down about 5 percent from 2007.
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