The Nonprofit 1 Percent

The Jewish Guild for the Blind is a New York social service agency whose chief executive makes a salary in the high six figures even as the agency is closing facilities, freezing staff salaries, and laying off part-time workers, says the Village Voice in an article examining the 96-year-old charity's finances. The guild, which receives much of its support from government contracts to provide or facilitate services for elderly, visually impaired people, increased the pay of the CEO, Alan Morse, from nearly $844,000 in 2008 to $1.5 million in 2009, putting him comfortably into "the 1%" at a time when the guild was experiencing a multimillion-dollar loss on its investments. Read more. (03/21/12)

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