The Scholarship Foundation of Santa Barbara has received its eighth consecutive four-star rating from nonprofit evaluator Charity Navigator. The rating, Charity Navigator’s highest, indicates superior financial efficiency and transparency in Scholarship Foundation operations. The foundation has received 17 four-star ratings in 18 years.
“Attaining a four-star rating verifies that the Scholarship Foundation of Santa Barbara exceeds industry standards and outperforms most charities in your area of work,” wrote Michael Thatcher, Charity Navigator president/CEO.
“Only 5 percent of the charities we evaluate have received at least eight consecutive four-star evaluations, indicating that the Scholarship Foundation of Santa Barbara outperforms most other charities in America,” Thatcher said. “This exceptional designation from Charity Navigator sets the Scholarship Foundation of Santa Barbara apart from its peers and demonstrates to the public its trustworthiness.”
The nation’s leading charity evaluator, Charity Navigator assesses organizations each year on the basis of financial health, governance, ethical practices, and openness.
“Since its founding, the Scholarship Foundation has rigorously adhered to the highest standards regarding fiscal responsibility and accountability. We are pleased to receive recognition for our efforts in these important areas, and thank Charity Navigator for this honor,” said Barbara Robertson, foundation president/CEO.
The Scholarship Foundation of Santa Barbara is the nation’s largest community-based provider of college scholarships, having cumulatively awarded nearly $130 million to more than 53,000 county students since its founding in 1962. A nonprofit organization, the Scholarship Foundation also provides free financial aid-advising services. For more, visit www.sbscholarship.org.