July 2, 2009
Accepting Less
Charity leaders forgo or donate personal income as a way to save their organizations money
When Douglas F. Kridler, chief executive officer of the Columbus Foundation, helped prepare his organization's 2009 budget last year, he recommended cutting his own $280,500 salary by 10 percent to help the organization weather the declining economy. Mr. Kridler said his board thought his suggestion was too steep and countered with a 2-percent reduction.
In March, as the stock market continued to erode, Mr. Kridler proposed that he take another 2-percent cut in pay as part of other
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