Executive Compensation at Pew Charitable Trusts
The Pew Charitable Trusts (PCT) was established by the Pew family as a “global public policy change agent” and was changed from a status of private foundation to tax-exempt, non-profit in 2004 which allows the organization to raise funds freely and devote up to 5% of annual expenditures to lobbying the public sector. Although PCT is “non-partisan,” the founders were conservative.
PCT appears to be involved in two major processes: making grants and supporting the staff who manage the organization and related organizations.
There are 10 members of the governing body, 9 of whom are independent; 7 of whom share the Pew name. Net assets were $1 billion at year-end.
In 2021, PCT reported total revenue of $343 million most of which came from related organization s(and primarily from the Pew Memorial Trust).
Expenses totaled $341 million (not including $7 million in depreciation) with the largest expenses reported to be grants ($148 million) and compensation ($140 million).
1,056 employees received $140 million in compensation (an average compensation of $133,000 although only 395 employees received more than $100,000 in compensation. The 14 most highly compensated employees were reported to be:
- $1,312,415: Rebecca W Rimel, Senior Advisor (Former President and CEO)
- $ 878,638: Susan K Urahn, President and CEO
- $ 568,322: Linda Bartlett, SVP, Finance and CFO
- $ 561,296: Sally A O’Brien, Senior Advisor (until 12/20)
- $ 516,571: R James G McMillan, SVP, General Counsel, Corp Sect’y
- $ 514,425: Melissa Skolfield, EVP, External Affairs
- $ 446,703: Tamera Luzzatto, SVP, Gov’t Relations
- $ 414,890: Thomas Dillon, SVP, Environment
- $ 412,174: Michael Thompson, SVP, Gov’t Performance
- $ 371,529: Thomas Wethan, VP, Environment
- $ 361,784: Lester Baxter, VP, Strategy
- $ 354,002: Michael Caudell-Feagan, EVP, Chief Program Officer (beg 4/20)
- $ 296,181: Sarah Senno, VP, Finance and Treasurer
- $ 251,514: Janice Bogash, SVP, Chief Admin Officer (until 1/20)
8 of the 14 (57%) most highly compensated employees are female while 6 of the 14 (43%) are male.
101 independent contractors received more than $100,000 in compensation with the 5 most highly compensated reported to be:
- $1.9 million: Ogilvy PR Worldwide, of NY, NY for communications consulting
- $1.7 million: Berlin Rosen, of NY, NY for coalition building and policy consulting
- $1.4 million: Grassroots Solutions, of Minneapolis, MN for coalition building and policy consulting
- $1.1 million: Velir Studios, of Somerville, MA for website services
- $1.1 million: Sierra-Cedar, of Alpharetta, GA for software services
To read the IRS Form 990 (2020 for the year ending June 30, 2021), click here.