Siloam Springs, Ark. (June 10, 2010) - John Brown University has again received the coveted 4-star rating for sound financial management in the nonprofit division from Charity Navigator, an organization that evaluates efficiency and capacity of charitable organizations. JBU has now received this rating four consecutive years, which only eight percent of charities have accomplished. Off all Arkansas universities, JBU is the only one to receive the top award this year.
“John Brown University received a 4-star rating for its ability to efficiently manage and grow its finances,” said Ken Berger, president and CEO of Charity Navigator. “This exceptional designation differentiates John Brown University from its peers and demonstrates to the public it is worthy of their trust.”
With a growing demand for financial accountability, Charity Navigator is providing the much needed evaluation of charities and the financial health people are looking for in a charity to donate to.
“Our alumni, friends and foundations that support JBU deserve this recognition,” said Jim Krall, vice president for university advancement. Their belief in our mission and financial support help us stay financially healthy. I also appreciate everyone who works at JBU that is committed to integrity and best practices.”
Even in a soft economy, JBU has been blessed with gifts that are allowing the university to expand. This summer, construction continues on the 38,067 square-foot multi-purpose Bill George Arena as well as the 500-seat 24,000 square foot Berry Performing Arts facility. A new Engineering and Construction Management building is in the planning stages and is expected to break ground in the fall.
Charity Navigator was founded in 2001 and has since become the nation’s largest evaluator of charities. Its rating system examines two areas of an organizations financial health—responsibility in functioning day to day as well as how well it positions itself to sustain its programs for years to come. Charities are given an overall rating, ranging from zero to four stars. Charity Navigator’s website (http://www.charitynavigator.org) provides donors with the essential information needed to give greater confidence in the charitable decisions they make. It is estimated that the organization has influenced up to $10 billion in charitable gifts.