Administration, Top Story, News

Hafley and Grant Were BC’s Highest-Paid Employees in FY22

Football head coach Jeff Hafley and men’s basketball head coach Earl Grant were the highest-paid employees at Boston College during the 2022 fiscal year (FY22), according to the University’s 990 tax filings. Hafley earned $3,057,985 and Grant earned $1,857,901.

After Hafley and Grant, the next highest-paid employees were John Zona, BC’s chief investment officer and associate treasurer; Jim Christian, former men’s basketball head coach; Frank Cignetti, former football offensive coordinator and quarterbacks coach; Patrick Kraft, director of athletics, and James Husson, senior vice president for University advancement. 

Zona earned $1,198,230, Christianwho was fired in February 2021 after six and a half years at BCearned $933,595, Cignetti earned $839,875, Kraft earned $838,951, and Husson earned $759,472. 

BC’s net assets totaled $6,546,399,748 by the end of FY22, increasing $234,463,310 from the previous year. 

The University donated $75,000 to the Allston/Brighton-Boston College Community Fund, $20,000 to Franciscan Missionary Sisters for Africa, and $50,000 to the Friends of Turkana in FY22. BC donated $70,000 less than in FY21.

According to the 990, BC paid $75,000 to Cassidy & Associates—a lobbying agency—to “assist management in the identification, development, and presentation of institutional initiatives for consideration by committees of Congress, federal regulatory agencies, and others.” This marks a $155,000 decrease in pay from last year.

The University also paid the Jesuit community on campus a total of $5,315,176, which is a $324,093 increase from the previous year, for “instructional, administrative and institutional services, which include the services rendered by the University’s Jesuit officers.”

BC earned $774,559,212 in tuition fees—a $38,984,101 increase from last year—and gave $251,425,222 in financial aid to 8,838 students. The University also gained $2,537,577,210 from its equities, $125,352,801 from real estate, $455,390,903 from fixed income, and $440,635,191 in cash, according to the 990.

During FY22, BC received $291,578,587 dollars in donations. Over the past five years, BC has accumulated a total of $1,038,654,562 in grants, gifts, and contributions. BC also received 14 pieces of art totaling $21,897,634 as well as various books and publications totaling $107,332.

September 7, 2023