July 16, 1998
New York Charities Raised Salaries by 5.1% in 1997
Employees of charities and foundations in the New York City area earned an average 5.1 per cent more in 1997 than in 1996, according to a new survey. The increase outpaced the rate of inflation -- 1.7 per cent last year -- and was about the same raise that employees got the previous three years.
The survey, conducted by the Ernst & Young accounting firm, found that the average salary for chief executives was $149,600, while top-ranking fund raisers earned