Washington, D.C.— Charity Navigator, America's largest charity evaluator, has ranked the Carnegie Institution for Science with its highest rating, four stars, for “sound fiscal management and commitment to accountability and transparency” for the fourteenth consecutive year. Only 3 organizations out of over 7,000* evaluated this year have received this highest rating for so long.
The Charity Navigator considers an organization’s financial health plus its accountability and transparency.
Ken Berger, president and CEO of Charity Navigator remarked in his letter to Carnegie: “Receiving four out of a possible four stars indicates that your organization adheres to good governance and other best practices that minimize the chance of unethical activities and consistently executes its mission in a fiscally responsible way. Less than 1% of the charities we rate have received at least 14 consecutive 4-star evaluations, indicating that Carnegie Institution for Science outperforms most other charities in America. This “exceptional” designation from Charity Navigator differentiates Carnegie Institution for Science from its peers and demonstrates to the public it is worthy of their trust.”
Carnegie president Matthew Scott said: “This four-star rating from Charity Navigator, which our institution has earned for fourteen years running, shows that Carnegie is carefully and thoughtfully shepherding our resources to effectively advance our scientific agenda. Our combination of powerful discovery science with meticulous financial management is a double distinction that would make Andrew Carnegie himself proud.”
To learn more see the Carnegie listing on Charity Navigator.
*Not all organizations have been evaluated for 14 consecutive years. For instance, this year Charity Navigator evaluated 1,000 new charities.
For more about Charity Navigator see http://www.charitynavigator.org/