• August 2, 2015
  • Welcome!
    Logout|My Dashboard

Queens Chronicle

Doe Fund dough

Font Size:
Default font size
Larger font size

Posted: Thursday, January 17, 2013 10:30 am

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 nonprofit, tax-exempt and taxpayer-funded organization? McDonald gets $100,000 a year more than President Obama. Does he have more responsibilities and pressures than Obama?

Nonprofit organizations like the Doe Fund justify excessive compensation by saying they must compete for top talent. Compete with whom? Fortune 500 companies? People who work for nonprofit organizations should have a different set of values than employees of profit-making entities. If they lack those values, they shouldn’t work for nonprofits. Gov. Cuomo says he’ll cut state funding for nonprofit 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

Welcome to the discussion.