In the grand tradition of Leslie Berlowitz, ex-director of the American Academy of Arts and Sciences who paid herself almost six hundred thousand dollars a year (she also had a chauffeur) to sit in a mansion in the middle of a park (right across the street, by the way, from Les UDs’ Cambridge house) and oversee a teeny staff doing dainty things, trustees at Minnesota’s Bremer Foundation have also taken our tax money and over-amply rewarded themselves with it.

In 2004, the three trustees together received nearly $125,000. That figure has increased by nearly 10 times in 10 years… “These institutions get tremendously preferential tax treatment,” [Aaron Dorfman] said. “And because of the tax-exempt status they enjoy, the rest of us pay higher taxes and in effect subsidize nonprofit tax-exempt charitable foundations.”

UD sucks at reading charts, but this one is pretty hard to misread…

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2 Responses to ““Two of the trustees gave themselves 157 percent raises in 2009, a recession year when the foundation’s assets and grant payments dropped.””

  1. University Diaries » Leslie Berlowitz, the Bremmer Foundation… Says:

    […] these sorts of obscenely greedy non-profit people/institutions are a perennial source of amusement at University Diaries, passionate as we are here about hypocrisy […]

  2. University Diaries » “The Board, not Kam, chose to pay him … for this work.” Says:

    […] 2004, the three trustees together received nearly $125,000. That figure has increased by nearly 10 times in 10 years… “These institutions get tremendously preferential tax treatment,” [Aaron Dorfman] said. […]

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