December 14, 2010
For the second year in a row, Barron’s magazine has recognized Room to Read as a “high impact” giving organization in its annual “Top 25 Givers” issue – which measures and ranks socially conscious philanthropists who are having the greatest impact on some of the world's most urgent issues. This year, Room to Read advanced two spaces in the rankings to break the top 10 and place ninth overall.
Research and analysis for the “Top 25 Givers” were conducted independently by Barron’s, a weekly financial magazine from Dow Jones & Co. that reaches over 300,000 readers, and in collaboration with the Global Philanthropy Group, a consulting firm which advises the world's leading philanthropists, charitable foundations and corporations. The annual ranking highlights the “best of the best” and the most effective charities by using a methodology focused on philanthropic effectiveness in areas including: resource management, connectivity, innovative practices, sustainability, scalability, relationship management, transparent reporting and issue severity. Additionally, Barron’s looked closely at the impact per charitable dollar spent and strongly weighted whether there was a “strong ripple effect…magnified through alliances with others.”
“Most of the Barron’s list is comprised of foundations, not boot-strapped NGOs like Room to Read. We did not start with the inherent advantage of either fame or great wealth. We're therefore especially proud to have made this list yet again this year. We’re also excited that several of the other top 25 philanthropists — including Bill Gates, Jeff Skoll, Bill Clinton, Marc Benioff and Oprah Winfrey — are funding partners of Room to Read,” said John Wood, Room to Read Founder and Board Chair. “Making the Barron’s list two years in a row is a testament to the outstanding work of our incredible global network of staff, a stellar board and our all-volunteer fundraising chapters. They’re all responsible for putting us on the map, and we’re clearly here to stay.”
The acknowledgment of Room to Read as a “high impact giver” by Barron’s comes on the heels of recognition for fiscal efficiency from Charity Navigator, America's largest and most-utilized independent evaluator of charities. For the fifth consecutive year, Room to Read has been awarded Charity Navigator’s coveted 4-star rating for sound fiscal management. This “exceptional” designation is a recognition that only 6 percent of their rated charities can claim and what Charity Navigator says demonstrates to the public that Room to Read is able to efficiently manage and grow its finances, and that it is a charity "worthy of their trust."
“Room to Read has always been committed to transparency with our donors and we consider ourselves a trustworthy organization, as Charity Navigator explains is what their 'exceptional' four-star rating signifies,” added Erin Ganju, Room to Read Co-Founder and CEO. “I am particularly proud that this rating also distinguishes us from many other peer organizations because it means we consistently execute our mission in a fiscally responsible way, and we outperform most other American charities.”
To read Barron’s 2010 “25 Best Givers” issue, visit www.barrons.com. For more information about Room to Read on Charity Navigator visit our profile page.