MMRF Receives Highest Rating from Charity Navigator for Exceptional Fiscal Management
NORWALK, Conn.–(BUSINESS WIRE)–The Multiple Myeloma Research Foundation’s (MMRF) strong financial health and commitment to accountability and transparency has earned a 4-star rating from Charity Navigator, America’s largest independent charity evaluator. This is the fourth consecutive time that the MMRF has earned this top distinction with an overall score rating of 98.3. The MMRF has received this prestigious distinction 15 times since 2002. This rating includes data from FY2002 to FY2017 from Charity Navigator.
“Charity Navigator’s 4-star rating underscores our tireless commitment to accountability, efficiency, and measurable results,” said Paul Giusti, CEO of the MMRF. “Our commitment to our patients and donors remains focused on maximizing every dollar we invest to finding a cure for myeloma patients.”
Since 2002, using objective analysis, Charity Navigator has awarded only the most fiscally responsible organizations a 4-star rating. In 2011, Charity Navigator added 17 metrics, focused on governance and ethical practices as well as measures of openness, to its ratings methodology. These Accountability & Transparency metrics, which account for 50 percent of a charity’s overall rating, reveal which charities operate in accordance with industry best practices and whether they are open with their donors and stakeholders. On June 1, 2016, they upgraded their methodology for rating each charity’s’ financial health with CN 2.1. These enhancements further substantiates the financial health of our four star charities.
“The MMRF’s exceptional 4-star rating sets it apart from its peers and demonstrates its trustworthiness to the public, people can trust that their donations are going to a financially responsible and ethical charity when they decide to support the MMRF,” according to Michael Thatcher, President & CEO of Charity Navigator. “Only a quarter of charities rated by us receive the distinction and adds the MMRF to a preeminent group of charities working to overcome our world’s most pressing challenges.”
MMRF’s rating and other information about charitable giving are available free of charge on www.charitynavigator.org. More-detailed information about the MMRF’s rating is available to Charity Navigator site visitors who become registered users, another free service.
About the Multiple Myeloma Research Foundation (MMRF)
A pioneer in precision medicine, the Multiple Myeloma Research Foundation (MMRF) seeks to find a cure for multiple myeloma by relentlessly pursuing innovation that accelerates the development of next-generation treatments to extend the lives of patients. Founded in 1998 by Kathy Giusti, a multiple myeloma patient, and her twin sister Karen Andrews as a 501(c)(3) nonprofit organization, the MMRF is a world-recognized leader in cancer research, launching over 80 clinical trials and leading to 10 FDA-approved drugs. Together with its partners, the MMRF has created the only end-to-end solution in precision medicine. With this, the MMRF, a pioneer in precision medicine, continues to disrupt the industry today, building CoMMpass Study, the single largest genomic dataset for any cancer, and launching MyDRUG, the first platform trial in multiple myeloma. Since its inception, the organization has collected over 4,000 samples and tissues in its database, which is shared among 22 academic institutions. The MMRF has raised over $400 million and directs nearly 90% of the total funds to research and related programs. To learn more, visit www.themmrf.org.
About Charity Navigator
Charity Navigator, www.charitynavigator.org, is the largest charity evaluator in America and its website attracts more visitors than all other charity rating groups combined. The organization helps guide intelligent giving by evaluating the Financial Health and Accountability & Transparency of more than 8,000 charities. Charity Navigator accepts no advertising or donations from the organizations it evaluates, ensuring unbiased evaluations, nor does it charge the public for this trusted data. As a result, Charity Navigator, a 501 (c) (3) public charity itself, depends on support from individuals, corporations and foundations that believe it provides a much-needed service to America’s charitable givers. Charity Navigator, can be reached directly by telephone at (201) 818-1288, or by mail at 139 Harristown Road, Suite 101, Glen Rock, N.J., 07452.
Media Contact – Multiple Myeloma Research Foundation (MMRF)
Anne Quinn Young, MPH
Chief Marketing and Development Officer