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Wednesday, November 19, 2008

A New Charity's Dream - To Earn A 4-Star Rating

Earlier this month, I was a guest lecture at Seton Hall’s Nonprofit Sector Resource Institute’s Financial Management Certificate Program. Participants in the program include executive directors, fundraisers, financial managers, board members as well as individuals considering a career change from the for-profit to the nonprofit sector.

My presentation focused on how charity raters use financial information. The goal was not to transform the participants into Charity Navigator analysts, but rather to help them understand how donors – individuals, foundations and corporations – view their fiscal health. After the class, many of the participants indicated that they planned to return to their office to take another look at their finances from the viewpoint of a funder.

One of those was Luis Ramirez, the founder and president of the brand new charity Global CDH. He started the charity this past year after his daughter – beautiful Isabela – was born with Congenital Diaphragmatic Hernia. I admire his energy and his vision! Along with his full-time job and the responsibilities that come with being a new dad of a child with serious health issues, he’s made a major commitment to helping other families cope the diagnosis of CDH. While his charity is both too new and too small to meet our criteria for evaluation, Luis has his eye on the goal of someday becoming a financially efficient, 4-star charity.

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1 comment:

Cynthia Galvin said...

Thanks for posting this. It gives me some guidelines for what it takes to be considered a vital charity. Our Deep Foundation (ODF)www.ourdeepfoundation.org, is still in the planing stages but I am happy to see that there is a well established presence like Charity Navigator, here to point the way to our success.

Cynthia Galvin (co founder of ODF)