Modest Raises Ahead Seen for Many CEO’s as Economy Staggers

Modest Raises Ahead for Charity CEO’s 1

Dennis Drenner/American Red Cross

Pay for Gail J. McGovern, of American Red Cross, has remained flat since she took the helm in 2008, says the charity. She also turned down bonuses in 2009 and 2010, according to the nonprofit.

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close Modest Raises Ahead for Charity CEO’s 1

Dennis Drenner/American Red Cross

Pay for Gail J. McGovern, of American Red Cross, has remained flat since she took the helm in 2008, says the charity. She also turned down bonuses in 2009 and 2010, according to the nonprofit.

See salaries of top officials at more than 300 nonprofits.

Charities and foundations are likely to award modest raises to their top executives in 2012 as they keep an eye on the turbulent economy, recruiters and compensation consultants say.

The median increase in pay for leaders of the nation’s largest nonprofit organizations was 2 percent from 2009 to 2010,