BETHESDA, Md., March 20 /PRNewswire-USNewswire/ -- The Cystic Fibrosis Foundation announced today it has received a coveted 4-star rating for sound fiscal management from Charity Navigator, the largest charity evaluator in the United States.
The Foundation earned four out of four possible stars for achieving excellence in fiscal responsibility. With this top rating, the Foundation outperforms a majority of nonprofits in America with respect to fiscal management, according to Charity Navigator. To read about the Foundation's 4-star rating, please visit: http://www.charitynavigator.org/index.cfm?bay=search.summary&orgid=9142.
"The Cystic Fibrosis Foundation understands that it is the custodian of the public's trust with respect to every dollar donated to fight cystic fibrosis," said C. Richard Mattingly, executive vice president and chief operating officer of the Cystic Fibrosis Foundation.
"We greatly value the coveted 4-star rating. It speaks directly to the effective and efficient way the Foundation manages its finances."
In fact, 90 cents on the dollar raised by the Foundation is available to fund research, care and education programs for cystic fibrosis, a life-threatening genetic disease.
As a result of targeted investments, the Foundation has fueled dramatic improvements in research and care that have significantly changed the prognosis for people with CF. The predicted median age of survival for people with CF is 37 years - more than double what it was 25 years ago. Remarkably, people with CF are living into their 40s, 50s and beyond.
Charity Navigator uses an objective, numbers-based rating system to
assess the financial health of more than 5,000 of America's best-known
charities. Last year, more than 4 million donors visited its Web site. The
New York Times, NPR and The Chronicle of Philanthropy, amo
|SOURCE Cystic Fibrosis Foundation|
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