Doe Fund boss gets too much dough
Jan 23, 2013 | 8066 views | 2 2 comments | 100 100 recommendations | email to a friend | print
Dear Editor:

George McDonald, founder and president of the Doe Fund, announced that he's running for mayor of New York. He said that creating jobs is his top priority.

He's already done that at the Doe Fund, particularly for himself and his family. According to a community newspaper report, McDonald earns more than $500,000 a year as president of the Doe Fund, and two members of his family make more than $200,000 annually.

How does he justify these salaries for a non-profit and tax-exempt organization. McDonald gets $100,000 a year more than President Obama. Does he have more responsibilities and pressures than Obama?

Non-profit organizations like the Doe Fund justify excessive compensation by arguing they must compete for top talent. Compete with who? Fortune 500 companies? People who work for non-profit

organizations should have a different set of values than employees of profit-making entities. If they lack those values, they shouldn't work for non-profits.

Governor Andrew Cuomo says he'll cut state funding for non-profit groups that pay staffers over $200,000 a year. That means the Doe Fund could lose a substantial amount of dough. If George

McDonald becomes mayor, rest assured he won't settle for the $1 a year salary Mike Bloomberg gets.


Richard Reif


Comments-icon Post a Comment
February 01, 2013
This has to be the dumbest drivel I've ever read.

I wasn't aware anyone that made more than Obama needed to explain his/her respective salary.

When you save hundreds of lives and give thousands jobs, you can come back and complain about his salary.
Brittany Paulson
February 01, 2013
This article is a joke. George McDonald is obviously a man who has spent his entire life helping the formerly homeless.

"When you save hundreds of lives and give thousands jobs, you can come back and complain about his salary." -- 100% agreed.