Thursday, October 8, 2009

Graham Gets More than $1 Million

Evangelist Franklin Graham earned more than a million dollars from the Billy Graham Evangelistic Association and Samaritan's Purse in 2008. He received $669,000 from his father’s organization and $535,000 from Samaritan's Purse. Charity watchdog Guidestar says that’s more anyone else at a US-based international relief agency. The Billy Graham Evangelistic Association has gone from revenue of $126 million in 2005 to $93 million last year. Earlier this year, the organization laid off 10% of its staff (55 people). Graham along with four members of the Graham family are on the board of directors, though none are part of the compensation committee. Graham says he plans to stop to halt contributions to his retirement plans from the two ministries. CEOs at the nation's biggest charities saw a 7% drop in compensation in 2008, according to the Journal of Philanthropy.

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