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AGBU Receives Exceptional Four-Star Rating from Charity Watchdog Grp

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  • AGBU Receives Exceptional Four-Star Rating from Charity Watchdog Grp

    AGBU Press Office
    55 East 59th Street
    New York, NY 10022-1112
    Phone: 212.319.6383, x118
    Fax: 212.319.6507
    Email: [email protected]
    Website: www.agbu.org

    PRESS RELEASE

    Tuesday, June 2, 2009

    AGBU Receives Exceptional Four-Star Rating from Charity Navigator
    Watchdog Group

    The world's largest Armenian non-profit organization, the Armenian
    General Benevolent Union (AGBU), received a four-star rating -- the
    highest allotted -- for sound fiscal management from charity watchdog
    Charity Navigator (www.charitynavigator.org). AGBU, whose overall score
    was based on its short-term spending practices and long-term
    sustainability, ranked above a number of leading non-profits, including
    the American Cancer Society, American Red Cross, Amnesty International
    and the Smithsonian Institution. Charity Navigator explains that its
    four-star rating denotes that the organization "exceeds industry
    standards and outperforms most charities in its Cause."

    In a letter of acknowledgment for AGBU's achievement, Ken Berger,
    President & Chief Executive Officer of Charity Navigator, wrote, "We are
    proud to announce Armenian General Benevolent Union has earned our
    4-star rating for its ability to efficiently manage and grow its
    finances...This 'exceptional' designation from Charity Navigator
    differentiates Armenian General Benevolent Union from its peers and
    demonstrates to the public it is worthy of their trust."

    Founded in 2001, Charity Navigator is the nation's largest and
    most-utilized evaluator of over 5,000 of America's best-known charities.
    Their rating system examines two broad areas of a charity's financial
    health -- how responsibly it functions day to day, and how well
    positioned it is to sustain its programs over time. Each charity is then
    awarded an overall rating, ranging from zero to four stars. The
    organization does not charge charities that are evaluated and provides
    its service free of charge to the public.

    Established in 1906, AGBU (agbu.org) is the world's largest non-profit
    Armenian organization. Headquartered in New York City, AGBU preserves
    and promotes the Armenian identity and heritage through educational,
    cultural and humanitarian programs, annually touching the lives of some
    400,000 Armenians on five continents.
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