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Salaries rising for fundraisers at top charities

Monday - 4/21/2014, 12:58pm  ET

Associated Press

WASHINGTON (AP) -- Raising money for charity has become a lucrative line of work.

A new study of 280 nonprofits released Monday by the Washington-based Chronicle of Philanthropy shows nearly 30 top fundraisers have been earning more than $500,000, and at least two surpassed the $1 million mark. The data is from 2011, the most recent year available.

The increased pay for fundraisers came as nonprofits were seeking to replace money that was lost or declined during the recession. It raises questions for some about how much donated money is going to support a charity's mission.

The study looked at nonprofits that raised more than $35 million each. It found fundraisers at top hospitals and colleges were earning more than fundraisers in the arts, environmental and other nonprofits.

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