From World Magainze, October 13, by Warren Cole Smith and Rusty Leonard
Controversial compensation
CHARITY: Franklin Graham’s pay package is unlikely to lead to suspension from a financial accountability group
According to Chronicle of Philanthropy figures released late last month, Graham, 57, received in 2008 two salaries, two retirement packages, and other payments from the ministries totaling $1.2 million. The total made him the highest-paid executive at a Christian ministry listed in the survey, and one of the highest paid non-profit executives of any kind. The figures included, as the newspaper pointed out, $669,000 from BGEA, where 55 employees were laid off—more than 10 percent of the staff—in February. Revenue at BGEA dropped 18 percent last year, while at Samaritan’s Purse it climbed 11 percent.
With local and other media attention focused on Graham, he sent a memo to BGEA employees just before the end of the workday on Friday, according to the Observer, announcing that he had asked the BGEA board of directors “to consider that I work for no compensation. I feel that God has called me to this ministry and that calling was never based on compensation.”
In all due respect, when was his call not based upon compensation? Before or after he banked $1.2 million in one year and untold media attention?
For the entire article, click here.
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