For the fifth consecutive year,
the philanthropic evaluator Charity Navigator has bestowed their
highest 4-star rating on Cold Spring Harbor Laboratory for its
sound financial practices. This distinction ranks Cold Spring Harbor
Laboratory among the most responsible of more than 1.5 million
philanthropic organizations that exist in America to date.
“
We are happy to announce that Cold Spring Harbor Laboratory has earned
its fifth consecutive 4-star rating for its ability to efficiently
allocate and grow its finances,” Trent Stamp, Executive Director
of Charity Navigator, wrote. “Less than 12% of the charities
we’ve rated have received at least two consecutive 4-star evaluations,
indicating that Cold Spring Harbor Laboratory outperforms most charities
in America in its efforts to operate in the most fiscally responsible
way possible. This ‘exceptional’ rating from Charity
Navigator differentiates Cold Spring Harbor Laboratory from its peers
and proves that it’s worthy of the public’s trust.”
Charity Navigator rates charities in comparison to others within
the same sector, to determine how a charity is functioning according
to industry standards. Financial data submitted annually is used
to analyze the institution’s actual performance based on seven
criteria: program expenses, administration expenses, fundraising
expense, fundraising efficiency, primary revenue grown and primary
expenses growth, and working capital ratio. In all industries, the
4-star rating indicates that the charity “exceeds industry
standards and outperforms most charities in its cause.” Fewer
than 600 out of the more than 5,000 charities ranked have attained
two consecutive 4-star ratings; this makes CSHL’s fifth
4-star rating.
“
We have always strived to maintain a sound approach to finances.
This designation makes it all the more rewarding for us,” Dill
Ayres, CSHL’s Chief Operating Officer, commented.
About Charity Navigator
Charity Navigator works to guide intelligent giving. They help
charitable givers make intelligent giving decisions by providing
information
on over five thousand charities and by evaluating the financial
health of each of these charities. They ensure our evaluations
are widely
used by making them easy to understand and freely available to
the public. By guiding intelligent giving, they aim to advance
a more
efficient and responsive philanthropic marketplace, in which
givers and the charities they support work in tandem to overcome
the nation's
most persistent challenges. For more information, visit www.charitynavigator.org.
About Cold Spring Harbor Laboratory
Cold Spring Harbor Laboratory is a private, non-profit basic
research institution. Under the leadership of Dr. Bruce Stillman,
a member
of the National Academy of Sciences and a Fellow of the Royal
Society (London), more than 330 scientists at the Laboratory
conduct groundbreaking
research in cancer, neurobiology, plant genetics, and bioinformatics.
Cold Spring Harbor Laboratory is one of eight National Cancer
Institute-designated basic research centers in the U.S. and the
only such center in the
tri-state area.
