Sunday, June 22, 2025

Follow

Contact Support Us

President Amy Gutmann is no longer the highest-paid Penn executive

Dr. Amy Gutmann. December 5, 2016 Category: FundingShort
University of Pennsylvania president Dr. Amy Gutmann made over $3 million in 2013.

It was the year Gutmann completed a seven-year, $4.3 billion fundraising campaign — the largest in university history, aimed at “strengthening the University’s eminent faculty” and making historic endowment additions. For the second year in a row, Gutmann was Penn’s highest-paid employee.

She was also the highest-paid college president in the country.

According to the Chronicle of Philanthropy, which just published its annual review of U.S. college presidents’ pay, that title now belongs to Wilmington University president Jack Varsalona, who reeled in over $5.4 million from the private Delaware college.

Gutmann was compensated over $2.9 million in 2014, making her the fourth highest-paid president in the country and Penn’s second highest-paid executive.

Kind of by a long shot. The university’s highest-paid employee that year was Children’s Hospital of Philadelphia surgeon and surgery professor Thomas L. Spray, who made a total of $8.35 million

screenshot-359

That’s a lot of dough, but it doesn’t detract from Gutmann’s successes as the eighth president in Penn’s history.

That’s a six percent increase in endowment value in 2016, growth that persevered through a 1.4 percent investment loss (it was a rough year for returns, at least for Ivy League universities not named Yale).

From our Partners

That level of growth might continue (especially if tax exemptions for college endowments remain untouched). Just last week, Gutmann was awarded a contract extension into 2022, an extension that will make her the longest-serving president in Penn history.

Trending News

Combating Food Insecurity in Philadelphia: A Multi-Pronged Effort Part 3 (Food Education and Government Responsibility) Laura Duarte Bateman
Parents Step Up As Advocates For Underfunded Schools Kathleen Riley
ImpactPHL Convenes 450 at Total Impact Summit ‘25 ImpactPHL Perspectives
Defining Your Non-Negotiables: A Guide for Social Impact Leaders Andrea Carter
Community Development Financial Institutions: Agents of Change Kyron Ryals

Related Posts

July 15, 2024

Monday Minute with Amber Little-Turner

Read More >
April 24, 2024

Gasping for air

Read More >
March 31, 2024

Health and Human Services (e)mpact report

Read More >