Charities need to learn austerity
Published 01/10/2011 | 05:00
Charity bosses are supposed to be in the business of providing the disadvantaged with a hand-up, not a handout. However, it appears that many professional philanthropists are also in the business of giving themselves a mighty slap on the back, and are making money hand over fist.
A new survey reveals that the chief executives of some leading Irish charities are still pocketing salaries of up to €150,000 in addition to substantial bonuses. Of the 24 organisations polled, the CEOs of only six made less than €100,000.
Nobody expects charity bosses to live on coppers from the collection tin. Nevertheless, at a time of meagre resources, those who seek public donations have an obligation to show that the funds raised are used to benefit the needy, not the greedy.