After a year of catastrophic natural disasters that called for extraordinary aid efforts, a faith-based foundation is approaching $1 billion in grant distribution since its founding in 1982.
The Atlanta-based National Christian Foundation (NCF) announced that 2005 was a record year for distributions of funds to charitable organizations, accepting $361 million from thousands of donors and granting $195 million to charities.
The Southeast Asia Tsunami, earthquakes in Pakistan, India, and Afghanistan, and Hurricane Katrina all contributed to another record year of giving and grant-making for The National Christian Foundation as our donors responded to human need, said NCF president David Wills.
American giving is expected to top the $248.5 billion in 2004 by 5-7 percent more, according to The Charity Navigator, a non-profit financial rater. Giving would have been even more if people knew the financial grade of the ministry of choice, according to experts.
A recent Chronicle of Philanthropy article cited that America's largest foundations spend 16 cents on administration and fundraising for every grant dollar. NCF spends approximately five cents to the dollar. Forbes magazine calls it one the most efficient U.S. charities.
NCF provides innovative charitable tools, services, and expert counsel tailored around donors individual charitable objectives.
The foundation serves a network of local community foundations across the country. These public, non-profit affiliates allow local residents to support causes and initiatives in their communities and across the world.