The University of Miami has achieved Charity Navigator’s four-star rating for sound fiscal management and commitment to accountability and transparency—the highest possible score from an organization recognized as one of the nation’s premier charity evaluators. The rating comes on the heels of the institution reaching the $1.6 billion goal in its Momentum2 fundraising campaign.
“This exceptional recognition from Charity Navigator affirms to our family of supporters that the University takes very seriously the intended purpose of their investments in our institution,” said Sergio M. Gonzalez, senior vice president for University Advancement and External Affairs at UM. “This exceptional recognition from Charity Navigator affirms that the University is a good steward of the gifts we receive from our many supporters.”
Supporters of the University of Miami range from dedicated philanthropists who have provided steady and generous support over many years to recent graduates just starting out in their careers. Some are longtime staff members, parents of current students, alumni, and members of the local community. Foundations, businesses, and other enterprises whose missions complement those of the University are also key supporters.
“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,” Michael Thatcher, president and CEO of Charity Navigator, wrote in a congratulatory letter addressed to UM President Julio Frenk. “[This designation] differentiates the University of Miami from its peers and demonstrates to the public it is worthy of their trust.”
Forbes, Business Week, and Kiplinger’s Financial magazines have all profiled Charity Navigator’s unique method of applying data-driven analysis to the charitable sector.
