Contact Gary Kowalczyk, 202-939-1118 or gkowalczyk@ciw.edu

See Charity Navigator details at http://www.charitynavigator.org/index.cfm/bay/search.summary/orgid/3424.htm

Washington, D.C. Charity Navigator, America's largest charity evaluator, has awarded the Carnegie Institution of Washington its highest rating, four stars, for sound fiscal management for six years running.

Receiving four out of a possible four Charity Navigator stars indicates that an organization excels, compared with other charities in America, in successfully managing the finances of the organization. Charity Navigator evaluates over 5,000 charities and only 12% of the rated charities have received 4 stars in two consecutive years. Only 16 charities have received a four-star rating six years in a row. *

According to Charity Navigator, "[Carnegie's] rating is an exceptional feat, especially given the economic challenges many charities have had to face in the last year."

Charity Navigator bases its analyses on public documents available through the IRS and institutional websites. During the last year, 83.1% of Carnegie expenses went toward scientific programs, while 16.8% was expended for administrative and fundraising purposes.

"Our founder would be pleased to learn of our careful stewardship of funds," commented Carnegie president Richard Meserve. "Andrew Carnegie sought to ensure that administrative costs are kept low so that we may better finance the highly original scientific research for which the institution is known."

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* Not all of the 5, 046 charities that Charity Navigator evaluates have been evaluated for six or more years.

The Carnegie Institution of Washington (www.CarnegieInstitution.org) has been a pioneering force in basic scientific research since 1902. It is a private, nonprofit organization with six research departments throughout the U.S. Carnegie scientists are leaders in plant biology, developmental biology, astronomy, materials science, global ecology, and Earth and planetary science.

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