President Tilghman moved up in rank in the Ivy League — at least based on her salary from the University.
Data released by the Chronicle of Higher Education this week have Tilghman ranked fourth among Ivy presidents in salary for the 2005-06 fiscal year, ahead of the presidents of Harvard, Brown, Dartmouth and Cornell. She was sixth the year before, outpacing only Brown president Ruth Simmons and Dartmouth president James Wright.
Based on the figures for overall compensation, which include salaries, benefits and expense accounts, Tilghman was ranked sixth both years, ahead of Wright and then-Harvard president Larry Summers. Her overall compensation was $652,060 in 2005-06, including a $67,900 expense account and $44,060 in benefits. Her expense account takes into account $65,823 for the rental value of a house and $2,322 for life insurance.
Tilghman's 2005-06 compensation —the last completed year of data — represents a raise of $56,078, from $595,982 in 2004-05 to $652,060.
The highest paid Ivy president in terms of total compensation was Yale's Richard Levin with $869,026 in 2005-06, an 11.6 percent increase from the previous year. He was also the only Ivy president to be among the top 10 highest paid presidents of private research institutions, coming in at 10th.
The highest paid private institution president was Lynn University's Donald Ross, who received $5,738,422 in total compensation, including more than $5 million in deferred compensation.
The Chronicle also recently released 2006-07 figures from a survey of Executive Compensation of 182 public research universities and systems, finding that the median annual compensation among public institutions' presidents was $397,349. In comparison, the median compensation of presidents of private research institutions was $528,105 in 2005-06, a 37 percent increase from five years ago. Eighty-one private college presidents earned more than $500,000.
The Chronicle compiled the information from Form 990, which requires nonprofit organizations to file information on the pay and benefits of officers, directors, trustees and other employees with the Internal Revenue Service.
Andrew Golden, president of the Princeton University Investment Company, remains the highest paid University figure, earning $1,140,324 in fiscal year 2005. Full professors at Princeton, who earn an average annual salary of $145,600, are the third-highest paid in the country and the second-highest paid in the Ivy League.
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