Statement from the Chair regarding Presidential Compensation

Statement from Peter R. Dolan, chairman of the Board of Trustees of Tufts University, on the Massachusetts Public Charities Executive Compensation Report

December 19, 2013

 

Tufts pays its presidents competitively with our peers and such compensation typically falls in the mid-range of comparable institutions.  Occasionally, a presidential transition after a long period of leadership includes one-time payments consistent with contractual obligations. In 2011, President Emeritus Lawrence  S. Bacow concluded 10 years of highly successful service as Tufts president, during which time Tufts solidified its leadership position in teaching, research and civic engagement and completed a historic $1.2 billion fund-raising campaign to support our academic priorities.  His compensation in 2011 reflected a one-time lump-sum end of service payment of approximately $1.7M which included one-year’s salary and benefits in lieu of a sabbatical (to which he was entitled after serving 10 years as president), accrued vacation and other compensation. This reflected commitments made when he was hired and his service and contributions to the university.

 

We provide information on compensation and other benefits each year in accordance with state and federal law.