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#1
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Comment: Years ago I heard about a charity where the new CEO showed up early on his
first full day and witnessed limo after limo arriving. He asked his staffer "are all of these cars carrying big donors here for some event today?" "No, that's the board and other high level employees. Part of compensation is a car and driver." The CEO delcared that was the last day and cut the perk. This was reported about a charity like Red Cross/ Salv Army/United Way. I can't find this now. |
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#2
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Not impossible that the story has some truth to it.
However, by law, non profit organizations have volunteer boards, not the paid boards of the corporate world. Board member can be reimbursed their expenses, or thanks to the tax law, can count some portion of those costs as a tax deduction to a charitable organization. Generally, boards do not include paid employees of the non profit organization, although that is more a tradition than a legal standard. Those employees can have the same perks as most corporate executives, except for stock and stock options, since a non-profit's budget surplus is to be used to further the organization's work and mission, not to benefit a private individual. Ali "not entertaining, but true" Infree
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There is always a well-known solution to every human problem--neat, plausible, and wrong. - H. L. Mencken, 1920 |
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#3
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I heard something like this about the University of Illinois when I was there. The story I heard was that most of the board members live in Chicago, but instead of carpooling to Urbana-Champaign for meetings (2+ hours south), they each came in their own limo, at the University's expense. U of I, is of course not just a non-profit, but a heavily taxpayer supported non-profit so there was a big scandal.
I just did a Google search, though, and couldn't turn anything up, so maybe I got fooled by an urban legend? I always believed it though, because it was less than a year later that the University (or maybe it was the state of Illinois, I can't recall since I was an employee of both) rolled out mandatory ethics training for all employees. Or maybe my Google-fu is just off. Bee
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