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How much does The Smith Family CEO Doug Taylor earn?
Recently it has been reported online that the CEO of The Smith Family, Doug Taylor is being paid a salary of $795,442. This is incorrect.
The source of this information comes from an American Foundation, called The Smith Family Foundation. This foundation is not the Australian-based The Smith Family.
The Smith Family is not a foundation. It is a not-for-profit set up in 1922 to support children to overcome the effects of poverty.
Correcting false information about our CEO's salary
At The Smith Family, we are committed to transparency, accountability, and the responsible use of donor funds. Recently, false information about our CEO’s salary has appeared in Google search results and on social media. The figure being reported and shared refers to an unrelated family trust in the United States, not The Smith Family in Australia and its CEO Doug Taylor. These two organisations are separate and unrelated.
Not-for-profit organisations, like any well-run entity with revenues in excess of $170 million annually, require skilled and experienced leadership. Donors entrust their funds to an organisation and its CEO and expect a positive outcome. The Smith Family’s senior leaders require deep expertise and competency levels to ensure its programs for the 220,000 people it supports annually are efficiently and effectively managed, and drive real and lasting outcomes.
How CEO compensation is determined
- Benchmarked against industry standards for similar organisations.
- Reviewed and approved by our Board.
- Funded responsibly, ensuring donor contributions directly support our purpose.
Where can I find more information about The Smith Family?
Ultimately, the most significant result of our investments, including our investments in our team members and their salaries, is the impact our work generates, which serves as the best measure of our effectiveness. Investments we make in resources and activities positively impact our ability to achieve the longer-term program outcome measures we track and report – like student school attendance and advancement rates, and their post-school engagement in work or study.
The Smith Family is committed to transparency
If you have further questions, please feel free to contact us—we value your trust and support.