Charity Navigator designates University a four-star institution
8:25 a.m., Nov. 22, 2011--The University of Delaware has received a coveted four-star rating from Charity Navigator, the nation's premier charity evaluator, for "sound fiscal management and commitment to accountability and transparency."
This is the seventh consecutive year that UD has been honored with a four-star rating by Charity Navigator.
Stitch in time
Receiving four out of a possible four stars indicates that UD 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, the organization said.
In a letter to University President Patrick Harker, Charity Navigator President and CEO Ken Berger, wrote, "Only 2 percent of the charities we rate have received at least seven consecutive four-star evaluations, indicating that the University of Delaware outperforms most other charities in America. This 'exceptional' designation from Charity Navigator differentiates UD from its peers and demonstrates to the public it is worthy of their trust."
Berger said that as the nonprofit sector continues to grow at an unprecedented pace, savvy donors are demanding more accountability, transparency and quantifiable results from the charities they choose to support with their hard-earned dollars.
Monica Taylor, UD vice president for development and alumni relations, said the institution is honored to have received a four-star rating from Charity Navigator.
“This recognition reflects UD's fiscal and managerial successes as we work rigorously to be good stewards of the gifts that have been entrusted to our care," Taylor said. "We have heard from many donors that our four-star rating by Charity Navigator played an important role in their philanthropic investment decisions.”