- Associated Press - Tuesday, December 9, 2014

RICHMOND, Va. (AP) - A new report says University of Richmond President Edward L. Ayers is among three dozen presidents of private colleges and universities who earned more than $1 million in 2012.

Ayers’ compensation is ranked 35th in a survey of the 500 private schools with the largest endowments. The survey was conducted by the Chronicle of Higher Education.

The Chronicle’s report says Ayers’ total compensation in 2012 was $1,008,770.

University of Richmond spokeswoman Cynthia Price tells the Richmond Times-Dispatch (https://bit.ly/1D39wZ9 ) that The Chronicle’s reported compensation included the value of the president’s home and expenses. She says it also included a one-time payout of deferred compensation earned over the preceding five years.

The Chronicle’s analysis calculated the annual compensation using base salary, bonuses, other reportable compensation and nontaxable benefits.

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Online:

Chronicle of Higher Education: https://chronicle.com/compensation

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Information from: Richmond Times-Dispatch, https://www.timesdispatch.com

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