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Franklin Graham temporarily gives up retirement payments
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Published: October 8, 2009
CHARLOTTE
Evangelist Franklin Graham has temporarily given up future contributions to his retirement plans from the two ministries where he's the CEO, saying his total compensation "looks terrible."
The Charlotte Observer reported Thursday that Graham receives two full-time salaries and two retirement packages - one each from the Billy Graham Evangelistic Association and Samaritan's Purse.
His total compensation from the two last year was $1.2 million.
The newspaper said the 57-year-old Graham asked the heads of the two ministries' compensation committees Tuesday to cut off contributions to his retirement plan "for the time being."
Spokesman Mark DeMoss says Samaritan's Purse will suspend payments for 2010. He says Graham will receive no retirement payments for 2009 from the Billy Graham Evangelistic Association.
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