Among all the nonprofit colleges in the U.S. – think Emory, Duke, Harvard and many more, including leading research universities – which would you think has paid its president the most?
It’s one in Georgia. But not who you might think.
According to the Wall Street Journal, the latest available data shows that it’s Savannah College of Art and Design, where compensation for President Paula Wallace was $9.6 million in 2014. Much of that money was deferred compensation from a retirement agreement.
Wallace, a former Atlanta teacher, is co-founder of the college, which opened in 1979 and had about 12,000 students in 2014.
In comparison, that same year the president of Emory University, which has some 15,000 students, was paid about $1.2 million, IRS records show. So was the president of Duke, which also has around 15,000 students. Harvard, with around 22,000 students, lagged, paying its president about $900,000.
See more at the AJC.