Photo: Elias Funez
By October, the Board of Directors of the Fire Safe Council of Nevada County is expected to have voted on a new contract for Jamie Jones, the council’s executive director and CEO.
Her current interim contract, approved last month, grants Jones a base annual salary of $140,000, with an automatic 5% salary increase annually given acceptable performance. Additionally, Jones receives certain benefits, such as health care reimbursements, mobile phone reimbursements, and travel expenses.
In assessing whether a salary for a nonprofit executive is appropriate, there are certain norms that the council board should consider, said Jan Masaoka, CEO of the California Association of Nonprofits.
The ex-couple insisted when they announced their split in May that little would change at the sprawling philanthropy. Yet Wednesday brought a remarkable turn of events: Along with committing another $15 billion to the endowment and announcing a plan for new trustees, the pair also laid bare that they may not be able to work together in the future raising the possibility French Gates will exit.
“Gates and French Gates are fully committed to continuing to work constructively together at the foundation,” the organization said in a statement. “However, they have also agreed to an additional step to ensure the continuity of the foundation’s work: if after two years either decides they cannot continue to work together as co-chairs, French Gates will resign her position as co-chair and trustee.”
A lot of uncertainty : Warren Buffett s exit from the Gates Foundation clouds its future smh.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from smh.com.au Daily Mail and Mail on Sunday newspapers.
Warren Buffett s exit from the Gates Foundation clouds its future indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.