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Local United Way CEO pension to top $2 million 6:28 PM

Agency withholds 14.6% from direct donations 06:28 PM EDT on Thursday, July 3, 2008 By STUART WATSON / WCNC Donors looking for new ways to give CHARLOTTE, N.C. -- More than $2 million -- that's what the United Way of the Central Carolinas has agreed to pay into the retirement plan of its chief executive officer. The payments are spelled out in tax returns known as the IRS form 990, filed annually by non-profit agencies like the United Way and available to the public. The returns show the local United Way agency has already paid more than $1 million into the employee benefit plan of CEO Gloria Pace King. Board members tell WCNC they've committed to pay more than $1 million more over the next three years before King plans to retire. Are you a United Way donor? Does the news of its president's salary and bonus affect your... [read full story]                    

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