The Asia Foundation Makes List of Top U.S. Charities
November 14, 2007 — The Asia Foundation has for the first time been included in the Philanthropy 400, an authoritative listing of U.S.-based charities. Compiled annually by The Chronicle of Philanthropy, the Philanthropy 400 examines and ranks organizations based on criteria such as how effectively they raise private support. In 2006, the list reports, The Asia Foundation spent just 0.2% of total income on fundraising – among the lowest on the list – while still increasing private donations. This strategy had enabled The Asia Foundation to focus its spending on supporting actual programs in the field, a practice for which it was recently recognized with a 4-star Charity Navigator rating for the fifth consecutive year.
Last year, the Foundation provided more than $53 million in program support and distributed 920,000 books and educational materials valued at $30 million throughout Asia.
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