In times of economic uncertainty, good financial stewardship is more critical than ever to our mission of fighting kidney disease through direct financial support to patients in need; health education; and prevention efforts. This rating reaffirms that friends and supporters of the American Kidney Fund can rest assured that every dollar of the financial support we receive is put to good use.
Rockville, MD (PRWEB) June 9, 2009
The American Kidney Fund has received its 7th consecutive 4-star rating from Charity Navigator, America's largest and most-utilized independent evaluator of charities. The designation is its "highest, 4-star" evaluation for sound fiscal management.
Charity Navigator evaluates about 5,000 charities in the United States. "Only 2% of the charities we rate have received at least 7 consecutive 4-star evaluations, indicating that American Kidney Fund consistently executes its mission in a fiscally responsible way, and outperforms most other charities in America," said Ken Berger, Charity Navigator's president & CEO.
Charity Navigator rates charities based on organizational efficiency and organizational capacity, using a set of financial ratios or performance categories to rate these two areas. The overall rating is a reflection of the charity's performance in both areas. Ratings show how efficiently Charity Navigator believes a charity will use donors' support today, and to what extent a charity is growing its programs and services over time.
"We are proud to have received this prestigious designation again this year," said LaVarne A. Burton, President and Chief Executive Officer of the American Kidney Fund. "In times of economic uncertainty, good financial stewardship is more critical than ever to our mission of fighting kidney disease through direct financial support to patients in need; health education; and prevention efforts. This rating reaffirms that friends and supporters of the American Kidney Fund can rest assured that every dollar of the financial support we receive is put to good use."
In 2008, 96 cents of every dollar the American Kidney Fund spent went directly to programs and services.
Over the past seven years, the American Kidney Fund's steadfast commitment to the donated dollar has resulted in the highest ratings from organizations that evaluate charities: Charity Navigator, American Institute of Philanthropy, Forbes, and Reader's Digest. In addition, the American Kidney Fund meets the National Health Council's Standards of Excellence, and is a member of the Better Business Bureau's Wise Giving Alliance.
About the American Kidney Fund
The American Kidney Fund is the nation's No. 1 source of treatment-related financial assistance to kidney patients and a leader in providing health education to people with or at risk for kidney disease. In 2008, the American Kidney Fund provided treatment-related grants to 75,000 kidney patients totaling more than $119.5 million. The American Kidney Fund reaches tens of thousands of individuals each year with information about kidney health; operates a kidney disease screening program in high-risk communities; and maintains a toll-free HelpLine (866-300-2900) which provides education about kidney disease. The American Kidney Fund is a seven-time recipient of the highest "Four Star" rating from Charity Navigator; holds an A+ rating from the American Institute of Philanthropy; adheres to the National Health Council Standards of Excellence; and is a member of the Better Business Bureau Wise Giving Alliance. For more information, visit http://www.kidneyfund.org.
Media Contact: Tenee M. Hawkins, Director of Communications, 301.984.6630