Philippine Jesuit Foundation (PJF), the official fundraising organization of the Philippine Province of the Society of Jesus in the United States, is proud to announce that its strong financial health and ongoing accountability and transparency have earned a 100/100 rating from Charity Navigator’s new Encompass Rating System. This score designates PJF as an official “Give with Confidence” charity, indicating that our organization is using its donations effectively based on Charity Navigator’s criteria. Charity Navigator is America’s largest and most-utilized independent charity evaluator.
PJF’s 100/100 rating is based on its Finance and Accountability score, composed of the following criteria:
– Program Expense (91.84%), 25 out of 25 points
– Board Composition (8/8 Independent), 25 out of 25 points
– Independent Audit or Financial Review (Has review/audit), 25
out of 25 points
– Liabilities to Assets (20.85%), 15 out of 15 points
– Website listed (Listed), 10 out of 10 points.
The Encompass Rating System is a comprehensive evaluation tool that analyzes nonprofit performance based on four key indicators. In July 2020, Charity Navigator released the first indicator, Finance & Accountability, to highlight nonprofit organizations demonstrating fiscal responsibility. This is determined by five metrics: Program Expense Ratio, Independent Audit or Financial Review, Board Composition, Liabilities to Assets, and Website Listing. The additional indicators, to be rolled out in the next 18-24 months, are Impact & Results, Leadership & Adaptability, and Culture & Community.
The Encompass Rating System enables Charity Navigator to increase the number of nonprofits it evaluates, growing from 9,000 to 160,000 nonprofits evaluated as of July 2020. In order to be more inclusive of smaller and more recently established nonprofits, the system uses technology-supported automation to analyze electronic tax forms filed annually by 501(c)(3) organizations.
“We are delighted that Philippine Jesuit Foundation’s clear commitment to fiscal responsibility and transparency has earned it a “Give with Confidence” designation,” said Michael Thatcher, President and CEO of Charity Navigator. “As one of the first 150,000 nonprofits evaluated by the Encompass Rating System, we are eager to see the good work that the organization is able to accomplish in the years ahead.”
“Our Charity Navigator rating of 100 out of 100 through their Encompass Rating System is further validation that our supporters can trust our commitment to good governance and financial accountability,” said Fern Robles, PJF Executive Director. “We hope that it will introduce our work to new supporters who can help us advance our mission to support the educational, religious, apostolic and caritative activities of the Jesuits in the Philippines.”
Philippine Jesuit Foundation’s Encompass rating can be seen here https://www.charitynavigator.org/ein/421588688, while other information about charitable giving is available free of charge on charitynavigator.org.
