Four Stars for Puget Sound— Charity Navigator Says, “Go to the Front of the Class”
December 14, 2011
The top rating testifies to responsible financial management and good governance
TACOMA, Wash. – University of Puget Sound is one of just seven U.S. private liberal arts colleges to be awarded four stars—the top rating—by an independent organization that scrutinizes nonprofits for their good governance and fiscal responsibility.
Charity Navigator, described as “the first and best stop for would-be donors” by Kiplinger’s Personal Finance magazine, assessed more than 60 private liberal arts colleges around the country. The group regularly evaluates more than 5,000 charities and nonprofit institutions to help donors choose responsible and efficient organizations when they make gifts.
The four-star rating follows the affirmation of University of Puget Sound’s long-term A+ credit rating by Standard & Poor’s this summer. Sherry Mondou, vice president for finance and administration, commented at the time:
“We have worked hard to minimize tuition increases and provide financial support for students during this challenging economic period, while continuing to enhance efficiency and effectiveness in all that we do. This has enabled us to dedicate the necessary resources for ongoing delivery of an exceptional residential liberal arts experience that ensures our students’ future success.”
Charity Navigator is America’s largest and most influential charity rater, serving more than three million unique visitors and impacting an estimated $10 billion of charitable donations each year. Nonprofits and charities are judged on the effectiveness of their day-to-day operations in pursuing their missions, their ability to sustain programs over time, and their application of best practices, such as accountability and transparency.
“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," said Ken Berger, president and chief executive officer of Charity Navigator.
Other U.S. liberal arts colleges that received four stars in the Charity Navigator evaluation are Carleton College (Minn.), Davidson College (N.C.), Lafayette College (Pa.), Oberlin College (Ohio), St. Olaf College (Pa.), and Smith College (Mass.).
For a full list of private liberal arts college ratings: www.charitynavigator.org/index.cfm?bay=search.results&cgid=3&cuid=33&sortby=rtg
For more about Charity Navigator: charitynavigator.org
To read about One [of a Kind] The Campaign for University of Puget Sound visit: www.pugetsound.edu/one