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Charity Navigator Gives IMF Highest Rating Available

NORTH HOLLYWOOD, CA   March 8, 2005 -- The International Myeloma Foundation (IMF), the country's oldest and largest myeloma organization, is proud to have received a four-star rating of "Exceptional"  from Charity Navigator, the largest charity evaluator in the country. The four-star rating, the highest rating available from the organization, indicates that the IMF "exceeds industry standards and outperforms most charities in its Cause."

"The IMF prides itself on utilizing our donors' gifts as they''ve instructed -- for supporting cutting-edge research and myriad programs that support and empower patients," said Susie Novis, IMF President. "We are delighted that Charity Navigator has recognized us with a four-star rating."

Approximately 83% of the IMF's yearly annual budget goes directly to IMF programs and research. Only $.08 on the dollar is spent on fundraising costs and only 8% of the IMF’s annual budget is used to pay for administration costs and salaries.  Charity Navigator considers both industry standards and an organization’s financial data to determine their rating.

"This recognition from Charity Navigator as a four-star organization represents our efficiency and reliability in the philanthropic marketplace," said Candace McDonald, Associate Director of Development at the IMF. "We know that this only deepens the confidence of our supporters in where their donations go."

To access the full charity summary of the IMF online, go to www.charitynavigator.org and type "IMF" in the charity search line.

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