This study has several implications for nonprofit organizations, donors, grantors, lawmakers, and regulators. First, we know that many stakeholders feel that the compensation of nonprofit executives is high. Charity Navigator (2013), in its most recent nonprofit CEO compensation study, recognized this sentiment and wrote “[w]e know that many donors continue to be concerned by what they believe to be excessive charity CEO pay. | Accounting undergraduate Honors theses: Donor and grantor reactions to CEO compensation in nonprofit organizations
