Investigation: Elite nonprofit colleges paying leaders multimillion-dollar packages
An investigation found that elite private, tax-exempt universities receiving government funds pay some top leaders multimillion-dollar compensation packages, including a $20 million longevity bonus.
An investigation by The Center Square found that top private nonprofit universities that receive government funding pay some of their highest-ranking leaders millions of dollars. The probe highlighted one institution that awarded a single leader a $20 million longevity bonus, characterizing the trend as an 'arms race' for executive pay at tax-exempt colleges.