Chief Development Officer (CDO) Salary
|Salary||$73,728 - $178,041|
|Bonus||$0.00 - $35,745|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|$73,711 - $182,412|
|Bonus||$0.00 - $35,745|
|Total Pay (||$73,711 - $182,412|
Job Description for Chief Development Officer (CDO)
The chief development officer plays an important role in most non-profit companies and organizations related to coordinating volunteers and funding. It is typically a high-ranking executive position. This individual is tasked with the responsibility of seeing to an organization’s development and success. The chief development officer, or CDO, most commonly works under the CEO, or chief executive officer. The CDO also works mainly with the development board.Read More...
The work is mostly mental. The chief development officer is responsible for creating short and long term strategies to ensure the organization’s growth and success. The CDO is also responsible for noticing and solving any types of issues that might hamper the organization's growth and success. A CDO also has the duty of overseeing certain internal procedures within the organization to ensure progress. Generally, CDOs work in an office setting for charitable or educational organizations, where computer literacy is a necessity.
A master’s degree in business is typically required for this position. Sometimes, a degree in public policy is also required. A Certified Fundraising Professional certification is usually desired. A minimum of two years of management experience is usually required, with up to ten years of experience in similar organizations. Chief development officers typically work long hours, due to their senior management positions, and they therefore need to have a high work ethic.
Chief Development Officer (CDO) Tasks
- Plan, coordinate and assure implementation of strategies to develop donors and contributions in support of the organization.
- Ensure that philanthropy and fund development are carried out in keeping with the organization's values, mission, vision and plans.
- Recommend short- and long-range fund development plans and programs that support the organization's values, mission and objectives.
- Maintain accountability and compliance standards for donors and funding sources.
- Participate in short- and long-term strategic and operational planning for the organization.
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Pay by Experience Level for Chief Development Officer (CDO)
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Chief Development Officers who reported more years of relevant experience also reported higher earnings. Salaries of relatively inexperienced workers fall in the neighborhood of $71K, but folks who have racked up five to 10 years see a notably higher median of $94K. Professionals who claim 10 to 20 years of experience can secure some pretty cushy paychecks; the median for this group is a six-figure $111K. Survey participants who have worked for more than two decades report bringing in $139K on average.
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