CNY Community Foundation Receives 4-Star Rating
October 17, 2011 (Syracuse, NY) – The Central New York Community Foundation received a 4-star rating from Charity Navigator for sound fiscal management and commitment to accountability and transparency. Charity Navigator is one of America’s largest and most-utilized independent evaluators of charities.
Charity Navigator helps charitable givers make sound decisions by providing information on over five thousand charities and evaluating the financial health of each of the charities. The goal is to provide donors with essential information needed to give them greater confidence in the charitable choices they make.
Charity Navigator uses financial information to analyze an organization’s performance in seven categories including organizational efficiency, organizational capacity, and overall financial health. The scores are than compared among organizations to assign a rating of one to four stars. Four stars, the highest rating, is defined as “Exceptional Exceeds industry standards and outperforms most charities in its Cause.” Approximately one quarter of the charities that are evaluated receive a 4-star rating.
To find out more about the Community Foundation’s rating, visit: http://www.charitynavigator.org/index.cfm?bay=search.summary&orgid=5032
The Central New York Community Foundation has served Central New York for over 80 years, receiving, managing and distributing charitable funds for the benefit of nonprofit organizations. Grants are awarded for programs in the areas of human services, arts and culture, education, environment, health, economic development and civic affairs. The region’s largest endowed philanthropic foundation, the Central New York Community Foundation awards more than $5 million in grants to nonprofit organizations annually. The Community Foundation, of 431 East Fayette Street, Syracuse, NY 13202, can be reached at (315) 422-9538 or www.cnycf.org.