NEW YORK—Many nonprofits may be feeling financial pressure this year, but the Chronicle of Philanthropy reports that the majority of their leaders have yet to share that pain. Based on a study of 325 large nonprofits, the newspaper says that overall pay rose 7 percent in 2008. This year, nearly 30 percent of leaders have taken pay cuts.

Glenn D. Lowry, director of New York’s Museum of Modern Art, was one of the six most highly compensated leaders in the nation, though his salary will decrease this year by 15 percent. He earned $2.1 million in 2008, which included $1 million in additional, deferred compensation from his successful management of the museum’s expansion earlier in the decade.

There are signs that more cuts in executive pay are likely. Most reported salaries were set before the most serious economic turmoil developed, so more organizations will probably cut executive pay as they make due with diminished resources.