Tuesday, August 23, 2005

Only Cancer-Related Charity to Achieve Top Designation in AIP’s New Charity Rating Guide

The Multiple Myeloma Research Foundation (MMRF) announced today that it received an "A+" rating from the American Institute of Philanthropy (AIP), a nonprofit, independent information service that researches and evaluates efficiency, accountability and governance of non-profit organizations. The AIP issues the Charity Rating Guide three times a year to inform the public about how 500 national charities spend their money.

"We are proud to have received this grade from the AIP, as it is a reflection of our culture of fiscal responsibility that is carried throughout our organization -- from our board of directors to staff and volunteers," said Kathy Giusti, founder and chief executive officer of the MMRF. "We also pride ourselves on the fact that we rapidly put our fundraising dollars to work through funding ongoing myeloma research."

"The main reason why we received AIP's highest designation is because we only spend $3 to raise $100 and more than 94 percent of the money we raise goes towards research and related programming," said Scott T. Santarella, executive director of the MMRF. "Like our founder, the MMRF is all about efficiency, which is the driving force in our efforts to expedite the development of new and effective treatment options for multiple myeloma."

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