One group has pledged to drive ‘$5 billion in investments to advance racial equity’
Nonprofits bankrolled by San Franciscan taxpayers are offering their executives lucrative compensation, public records show.
The ten nonprofits with highest executive compensation among major city contractors have received $1.7 billion from San Francisco since 2017 for services ranging from addressing homelessness to assisting childcare providers, according to the San Francisco Chronicle’s analysis of a city contract database. CEOs at these 10 charities collectively took home more than $4.2 million in compensation during their 2022 tax filing periods, according to tax documents, with each receiving an average of $420,000.
The Low Income Investment Fund (LIIF), a nonprofit that works to provide affordable housing, childcare, jobs and educational opportunities tolow-income communities through loans and grants, employs some of the best-paid executives among the nonprofits taking in significant taxpayer funding from the city of San Francisco.
It seems lots of government entities are corrupt.