1. Laurance Hoagland Jr., Chief Investment Officer, William and Flora Hewlett Foundation, Menlo Park, CA - $2.5 million

The William and Flora Hewlett Foundation is a private nonprofit started by Hewlett-Packard cofounder William Redington Hewlett in 1966 that awards grants to educational and cultural institutions.

Mr. Hoagland, who was formerly a portfolio manager of the Irwin Management Company in Indiana, earns pay fit for a top CEO on Wall Street. In 2011, his base salary was $561,927, but he earned an additional $1.87 million for “incentive compensation” on top of $35,059 in retirement payments. Not included in this number are his generous benefits - $65,311 for medical coverage and matched 403(b) retirement contributions.

