Michael Weinstein Cuts Pay, Now Under Half of Charity’s Revenue
Michael Weinstein, the only paid officer and President of his Military Religious Freedom Foundation, reduced his personal compensation by nearly $80,000 in 2010, according to his most recent tax documents. That same year, his “charity” saw a slight decrease in revenue of about $13,000, despite $120,000 in grants from the Rockefeller Family Fund and $10,000 from the Aspen Community Foundation.
In prior years Weinstein’s exorbitant salaries — which are paid by himself, to himself, from his charity’s revenue — have been highlighted as inconsistent with both his implications that donations to his charity “support the troops” and with the general practices of other charities, whose president/CEO compensations are generally markedly lower (even if the charities are markedly larger).
The $218,201 Weinstein paid himself from the MRFF funds still represented 41% of his charity’s total revenue in 2010. That’s down from the 54% he paid himself in 2009, though it still represents a substantial percentage of what his donors are presumably Read more