TechnoServe Earns Charity Navigator Four-Star Rating for Fifth Straight Year
Ranking places TechnoServe among top five percent of U.S. charities
APRIL 6, 2011 – For the fifth consecutive year, TechnoServe has received the highest rating from Charity Navigator, the premier evaluator of U.S. charities.
The four-star rating is a recognition that TechnoServe consistently executes its mission in a fiscally responsible way, and outperforms most other charities in the U.S. Only five percent of the charities rated by Charity Navigator have received at least five consecutive four-star evaluations.
“We are pleased to have earned this recognition,” said TechnoServe President and CEO Bruce McNamer. “Charity Navigator's four-star rating requires the kind of accountability and stringent business processes that are core to our work on the ground and who we are as an organization.”
Charity Navigator evaluates the financial health of more than 5,000 U.S. charities to help donors make informed choices. Find more details about TechnoServe’s four-star rating here.
About TechnoServe: TechnoServe empowers people in the developing world to build businesses that break the cycle of poverty. Growing enterprises generate jobs and other income opportunities for poor people, enabling them to improve their lives and secure a better future for their families. Since its founding in 1968, the U.S.-based nonprofit has helped to create or expand thousands of businesses, benefiting millions of people in more than 40 countries. The Financial Times has rated TechnoServe one of the top five NGOs for corporate partnerships. TechnoServe’s corporate partners include Cargill, The Coca-Cola Company, General Mills, Goldman Sachs, J.P. Morgan, Nestlé-Nespresso, Olam International, Peet’s Coffee & Tea and Unilever, among others. Charity Navigator has also awarded its highest Four Star ranking to TechnoServe.
For more information, please contact:
Andrew Eder, Marketing and Communications Manager, TechnoServe; Tel: +1 (202) 719-1327; Email: aeder@tns.org.
