Multiple Myeloma Research Foundation (MMRF) Receives 4-Star Rating from Charity Navigator and A+ Rating from CharityWatch

MMRF Ranked Among Top 1% of Nonprofits for Fiscal Management

April 16, 2013

The Multiple Myeloma Research Foundation (MMRF) announced today that Charity Navigator has awarded the MMRF a 4-star rating, the highest acknowledgement possible, for the tenth consecutive year, placing it in the top one percent of nonprofits in terms of its financial responsibility and fiscal management. In addition to receiving the 4-star rating from Charity Navigator, the MMRF has achieved an A+ rating from CharityWatch, further demonstrating exceptional commitment to donor accountability and transparency.

"Receiving the highest ratings attainable from Charity Navigator and CharityWatch, the two leading charity evaluators, underscores the level and intensity of ongoing commitment of the MMRF to our donors,” said Walter M. Capone, Chief Operating Officer of the MMRF. “The MMRF works diligently to maximize every donation we receive to accelerate the development of new and potentially curative approaches for multiple myeloma.”

Earning the Charity Navigator 4-star rating for at least 10 consecutive years is an honor that less than one percent of charities nationwide has earned. This distinguished recognition is conferred only to nonprofits that exceed industry standards and regularly outperform other charities. This outstanding ranking not only differentiates the MMRF from its peers but also demonstrates its continuing efforts and commitment to maintaining donor trust and investment.

Formerly known as American Institute of Philanthropy, CharityWatch is a nonprofit charity watchdog and information service. CharityWatch carefully scrutinizes the finances of nonprofits to give donors a clearer understanding of how efficiently their cash donations are being spent. The MMRF is one of only two cancer nonprofits to receive the top-rated A+ designation from Charity Watch.

The MMRF has also received a "Best in America" Seal of Excellence from the Independent Charities of America and is recognized by Philanthropedia as one of 16 expert-identified, high-impact nonprofits in the field of cancer. The MMRF continues to fulfill all of the Better Business Bureau's (BBB) Wise Giving Alliance Standards for Charity Accountability and has also received approval from the National Cancer Institute for the review process associated with its research grants program.

About the Multiple Myeloma Research Foundation (MMRF)
The Multiple Myeloma Research Foundation (MMRF) was established in 1998 as a 501(c)(3) non-profit organization by twin sisters Karen Andrews and Kathy Giusti, soon after Kathy's diagnosis with multiple myeloma. The mission of the MMRF is to relentlessly pursue innovative means that accelerate the development of next-generation multiple myeloma treatments to extend the lives of patients and lead to a cure. As the world's number-one private funder of multiple myeloma research, the MMRF has raised over $225 million since its inception and directs 90% of total budget to research and related programming. As a result, the MMRF has been awarded Charity Navigator’s coveted four-star rating for ten consecutive years, the highest designation for outstanding fiscal responsibility and exceptional efficiency. For more information about the MMRF, please visit www.themmrf.org.

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Media Contact:
Anne Quinn Young, MPH