WaterStone has been pleased and humbled by Charity Navigator’s “four star designation” of WaterStone in its annual review of charities, which is the highest award level.Charity Navigator’s four star rating highlights excellence in two broad areas of a charity’s performance: financial health and accountability/transparency. Charity Navigator ratings give givers a snapshot of how efficiently a charity will make use of their donations, how effectively it has sustained its programs and services over time, and their level of commitment to good governance, best practices and openness. Founded in 2001, Charity Navigator has become the nation’s largest and most-utilized evaluator of charities.
Charity Navigator recently discontinued their review and rating of public foundations like WaterStone, who are primarily dedicated to the arena of donor advised funds.
When you visit WaterStone at Charity Navigator, you will find WaterStone listed as “not rated”. Charity Navigator adds: “This organization is not eligible to be rated by Charity Navigator because we do not rate charities that are primarily or entirely made up of donor advised funds. We take this position because, rather than providing a direct charitable program or service, these nonprofits are essentially a giving mechanism for donors interested in the special tax advantages they offer. Organizations like this are not a good fit for our current rating methodology.”
What does it mean that WaterStone no longer receives an official rating? It simply means that WaterStone does not fit Charity Navigator’s rating system.
Since our incorporation in 1980 as The Christian Community Foundation, WaterStone has been entrusted with over $600M in resources with nearly $400M in giver directed distributions for the support of over 3,000 ministries and nonprofit organizations here and abroad. WaterStone currently manages assets over $260M in various forms ultimately to be deployed to build the Kingdom.
We invite you to review more about WaterStone, its mission and purpose, its staff and leadership, its Board of Directors, and its financials for yourself. Please contact us and let us know how we can be of service to you. Our tax efficient giving solutions are available for generous givers just like you and your clients for the maximization of their giving.