Robert A. Ettl earned $4,775,833 from Harvard Management Company, Inc. by working 60 hours a week in 2020.
Boston-based Harvard Management Company, Inc. amassed $110,703,172 in revenue in the tax year ending in 2020, spending $110,703,172.
There are 2,619 not-for-profit organizations registered in Massachusetts.
How not-for-profit executives and staff are paid is an issue consistently under the microscope.
“We urge donors to be wary of charities that pay salaries hovering near or above $1 million,” Ken Berger, president and CEO of Charity Navigator, said. “The purpose of a charity is to provide a public benefit. Every donor and tax payer subsidizes the charitable sector with that purpose in mind, not creating a class of millionaire CEOs.”
Top 10 not-for-profit executives by total salary in Massachusetts in 2020
| Rank | Executives | Not-for-profit Organization | Total salary |
|---|---|---|---|
| 1 | Sanjeev Daga | Harvard Management Company, Inc. | $6,264,390 |
| 2 | Nirmal P. Narvekar | Harvard Management Company, Inc. | $6,252,291 |
| 3 | Richard W. Slocum | Harvard Management Company, Inc. | $5,003,533 |
| 4 | Robert A. Ettl | Harvard Management Company, Inc. | $4,775,833 |
| 5 | Adam S. Goldstein | Harvard Management Company, Inc. | $4,375,455 |
| 5 | Carlos Saravia | Harvard Management Company, Inc. | $4,375,455 |
| 7 | Elise McDonald | Harvard Management Company, Inc. | $3,583,958 |
| 8 | John Shue | Harvard Management Company, Inc. | $2,786,947 |
| 9 | Stephen R. Addazio | Trustees of Boston College | $2,650,351 |
| 10 | Jiqing Xia | Harvard Management Company, Inc. | $2,199,591 |
Alerts Sign-up