Foundation Earns Four Stars

Kudos to a member of the family – the American Veterinary Medical Foundation – for reaching new heights. As a matter of fact, you can’t get any higher. Charity Navigator, the leading charity evaluator in the country, recently awarded the AVMF four stars for the foundation’s sound fiscal management, and commitment to accountability and transparency. 

The coveted four-star rating is Charity Navigator’s highest, and achieving such status isn’t easy. Charity Navigator evaluates more than 5,500 charities. More than 230 of them are in the Animal Rights, Welfare and Services category, which includes groups such as the AVMF, the American Society for the Prevention of Cruelty to Animals, the Morris Animal Foundation and the Humane Society of the United States. The AVMF is one of only 53 charities that received a four-star rating in that group. 

It takes a lot of effort to achieve such status. And while the four-star rating certainly is something to celebrate, it’s even more reflective of the level of service and commitment the AVMF provides its donors and those who benefit from foundation generosity. More donors than ever are demanding greater accountability, transparency and quantifiable results from the charities they support. Earning Charity Navigator’s four-star rating is proof that the AVMF is meeting those standards.

3 thoughts on “Foundation Earns Four Stars

  1. Dr. Norsworthy,
    Income based repayment (IBR) has changed the game.
    IBR limits your loan payments to 15% (10% as of 2014, maybe 2012 if Obama signs exec order tomorrow)of your AGI. After 25 years of payments any remaining balance is forgiven; 10 years if you work in public service ie state or federal govt, non-profit, academia (public service loan forgiveness, PSLF). Residency counts as three of those years. Time is additive and need not be consecutive.
    So that’s some serious breathing room for new grads who sign up for it, and the owners who want to hire them or sell to them. It’s a bandaid, but a heavy duty one that affords us more time to adapt to the changed fundamentals with which we are now forced to cope.
    Here’s some resources about IBR and PSLF:
    http://www.gladvisor.com/onlinepresentations.aspx
    http://www.ibrinfo.org/

  2. For the past 5 years I have been very concerned/shocked regarding spiraling student debt. A financial expert on CNN recently stated that one’s student debt should not exceed 10% of the expected first year’s salary. Most of today’s veterinary students have 200-300% debt compared to their expected first salary. This is predatory lending at its worst, and short-sightedness at its worst. I would council undergrads considering veterinary school to either go a different direction or to only go to veterinary school if they have another way of funding it than loans. Secondly, I would propose that students taking loans be counseled during their undergrad years and first year of veterinary school to live as frugally as possible and not use loan money for “extras,” like vacations, clothes, cars, etc. The future of this profession is being throttled because our new graduates are not able to afford to buy houses, cars, practices, and raise families because they are so far in debt when they start. In light of the economic pressures on practice owners it is not realistic to expect them to increase associates’ salaries to make up for their student loan payment. The economics of private practice do not support that approach.

  3. AVMF works extremely hard to fund disaster and training grants, animal health studies, scholarships and other endeavors. Keep up the great work, AVMF!

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