SteveH
Registered: 08/26/08
Posts: 7
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Reply with quote | #1 |
UW in Charlotte NC has had a rough month. An astute TV news reporter checked their IRS 990 last month and saw that the CEO had an $822,000 pension contribution granted to her in 2007. Upon further investigation, her board chair revealed that they were adding another $1.2 million over the next few years to "catch up" with a commitment they made to provide a $200k/year pension for her. Her current salary is $365,000 and she receives a $36,000 expense allowance from an agency that brought in a moderate $42 million last year with them skimming off UW's typical 15% overhead. Big big numbers here. It finally came to a head today when the board asked for her resignation because of the controversy. Hopefully the ignorant, arrogant board will follow her to the door. But this might be a good time to foster a change of mindset in the community. I've plastered the UWUW and ICA links on the various comment pages because this issue is hot within the community and people are searching for alternatives. If anyone has any ideas about what else we can do here to dethrone this abusive UW agency, please let me know. Steve Hofstatter Charlotte, NC |
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pmaguire
Registered: 07/18/08
Posts: 14
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Reply with quote | #2 |
UNBELIEVABLE! Did I read this correctly? The CEO still gets what she would have gotten if she had stayed employed by the United Way, and the board will have to employ a replacement CEO, no doubt at another handsome salary. The donating public was better served how, exactly? Charlotte Employers: You do your employees, your companies, and your communities no service by continuing to associate with United Way. Bring your fall giving season campaigns in-house like so many other companies have done, and let your employees give to to any organization they choose. You'll have happier employees, spread the beneficence farther, and get more recognition to boot.
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SteveH
Registered: 08/26/08
Posts: 7
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Reply with quote | #3 |
Incredible, huh? These are the folks that run our major corporations, health care systems, and even our local government. I surely hope they use better judgment than this in their executive roles, or Charlotte is headed for economic catastrophe.
Her attorney is a well-known shark and very shrewd. I'm sure he's got them shaking in their boots.
I cannot understand the logic of employers committing to these resource hungry UW campaigns year after year. My wife would spend 20 hours a week during the campaign in her role as a hospital director to administrate the campaign, and employees would attend lengthy presentations. And of course huge amounts of ill will between everyone before, during, and after. The costs in lost work time and motivation must be horrific!
Employers! You hold the cards! Do a little research and check out options! There are alternatives! Here's one:
http://www.independentcharities.org/
I'm actually considering ICA to administer a personal foundation. Looks simple and very efficient.
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SteveH
Registered: 08/26/08
Posts: 7
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Reply with quote | #4 |
UW of Charlotte has claimed from the beginning of this debacle that they are transparent and forthcoming - that they have nothing to hide. But for months, Stuart Watson, the WCNC-TV reporter who investigated and broke this story has been asking the United Way for three sets of records. • The contract and retirement agreement with CEO Gloria Pace King,
• Minutes of board meetings where the board decided to pay King’s $2 million retirement plan. • Expense reports showing whether King flew first class or stayed in four-star hotels or paid for expensive meals. Stuart wrote today, "The United Way has so far denied all three requests. At the same time United Way board members say they're trying to restore public trust. They promise to make the United Way "transparent" or open. Yet when reporters asked for minutes of the meeting that decided the CEO's salary, the board’s attorney said the decision was made in executive session and minutes were unavailable -- closed. And when reporters asked for the contract or retirement plan agreement with the CEO, the board’s attorney said the document was confidential -- closed."
It's the way of United Way, I'm afraid. This agency hasen't learned a thing and it's clear that nothing's going to change unless donors and employers reject them outright and choose a better process.
Hats off to Stuart and WCNC for investigating the IRS 990 and staying with this. Clearly from this report, it took conviction for him and his management to prevail, and UW's abhorrent fleecing of our community's goodwill might have never come to the public eye without them.
http://www.wcnc.com/news/topstories/stories/wcnc-082808-mw-unitedwaytransparency.20c7fa51.html
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