For the fifth consecutive year, the ASU Foundation for A New American University attained Charity Navigator’s coveted 4-star rating for demonstrating strong financial health and commitment to accountability and transparency. The rating, the highest possible, is reserved for organizations that exceed industry standards, adhere to sector best practices and execute their missions in financially efficient ways.
“Only 6% of the charities we evaluate have received at least 5 consecutive 4-star evaluations, indicating that ASU Foundation outperforms most other charities in America,” wrote Charity Navigator President and CEO Michael Thatcher. “This exceptional designation from Charity Navigator sets ASU Foundation apart from its peers and demonstrates to the public its trustworthiness.”
The ASU Foundation is a private, nonprofit organization that raises and invests private contributions to benefit Arizona State University. It recent years, it has seen dramatic increases in the number of individuals who support ASU research, scholarships and programs; new gifts and commitments surpassed $200 million in fiscal year 2015 and are projected to set a new record in 2016.
Among other indicators of excellence, the ASU Foundation was named a “Top company to work for in Arizona” by Republic Media and the Arizona Commerce Authority – the third year in a row it received the honor.
It is one of more than 8,000 charities analyzed through a data-driven process by Charity Navigator, which is considered the leading charity evaluator in America and seeks to provide donors with information to inform their charitable decisions. Only around one in four rated charities achieve the 4-star distinction.
ASU Foundation’s full rating profile is available here.