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Giving: Foundation for the National Institute of Health is top rated charity by Charity Navigator

Charity Navigator (a 501 ( c ) (3) non-profit organization) works to guide intelligent giving by providing information on over 5,000 charities, evaluating the financial health of each one in order to advance a more efficient and responsive philanthropic marketplace. (1.)

Founded in 2001, Charity Navigator observes that it has become the nation's largest and most-utilized evaluator of charities-- professional analysts have examined tens of thousands of non-profit financial documents, using this knowledge to develop an unbiased, objective, numbers-based rating system to assess the financial health of over 5,000 of America's best-known charities. Charity Navigator notes that last year alone more than 4 million donors used the site that TIME Magazine called "One of America's 50 Coolest Websites for 2006."

Charity Navigator ranks the Foundation for the National Institute of Health with an overall top score of 69.72 (and four stars) in comparison to other highly ranked Charities Performing Similar Work. (2.)

The Foundation for NIH fosters public health through scientific discovery, translational research, and the dissemination of research results through specially-configured, high-impact public-private partnerships consistent with NIH priorities. (3.)

The Foundation helps to underwrite biomedical initiatives that might not be attractive for private funding alone, or for one reason or another are not appropriate for wholly public funding. The foundation may take on projects that are particularly risky in terms of the likelihood of success or where companies may be willing to forgo profits because of early stage nature of the program or in the case of some global health initiatives due to the charitable nature of the project. Foundation projects tend to be longer-term, operating on a time scale that can be unattractive for private investors. At the same time the foundation is capable of responding quickly and nimbly to funding needs that are immediate and pressing. (3.)

Public-Private Partnerships Lead the Way for Critical Biomedical Initiatives. (4.)
Major projects include: The Genetic Association Information Network, The Biomarkers Consortium (with its policies/procedures to comply with relevant requirements of antitrust and other federal law.), and Grand Challenges in Global Health.

See footnoted links and read more below

Solving significant problems in biomedicine and global health demands a confluence of complex skills, expertise, perspectives, management, and funding. Often, “big science” biomedical projects entail considerable risk, but are hugely rewarding when they succeed in meeting their objectives. Under the right conditions, public-private partnerships are an attractive alternative to conventional funding and management for broad-ranging, interdisciplinary initiatives in basic biological sciences and human health. …Because biomedical public-private partnerships cross and blur many of the traditional boundaries of technical disciplines, managing them demands experience and commitment to the ultimate goal: Improving human health. As with all public-private partnerships, those in biomedicine only succeed when all involved parties embrace the concept of “partnership” – a contractual arrangement where participants and stakeholders share the risks, and collectively benefit to an extent that is greater than the sum of their contributions. (4.)

FNIH Public private partnerships:
--The Genetic Association Information Network (GAIN) is taking the next step in the search to understand the genetic factors influencing risk for complex diseases. Through a series of whole genome association studies, using samples from existing case-control studies of patients with common diseases, GAIN will contribute to the identification of genetic pathways that make us more susceptible to these diseases and thus facilitate discovery of new molecular targets for prevention, diagnosis, and treatment. (5.)
--The Biomarkers Consortium endeavors to discover, develop, and qualify biological markers (biomarkers) to support new drug development, preventive medicine, and medical diagnostics. The policies and procedures developed by The Biomarkers Consortium are intended to outline general principles to facilitate the use of data and technologies in expanded biomarker research and development efforts conducted by the consortium while ensuring compliance with relevant requirements of antitrust and other federal law. The policies and procedures include for example,"Antitrust Policy and Guidelines" and "General Intellectual Property and Data Sharing Principles". (6.)
--The Grand Challenges in Global Health initiative supports health research projects that aim to achieve the scientific breakthroughs needed to prevent, treat, and cure the diseases of the developing world…The projects include collaborations between dozens of organizations -- universities, private industry, non-profit groups, and government agencies -- from 33 countries. (7.)

1. http://www.charitynavigator.org/index.cfm?bay=content.view&cpid=628
2. http://www.charitynavigator.org/index.cfm?bay=search.summary&orgid=6244 Charity Navigator's rating system examines two broad areas of a charity's financial health -- how responsibly it functions day to day as well as how well positioned it is to sustain its programs over time. Each charity is then awarded an overall rating, ranging from zero to four stars. To help donors avoid becoming victims of mailing-list appeals, each charity's commitment to keeping donors' personal information confidential is assessed.
3. www.fnih.org
4. http://www.fnih.org/aboutus/partnerships_lead_way.shtml
5. http://www.fnih.org/GAIN2/home_new.shtml
6. http://www.biomarkersconsortium.org/
7. http://www.gcgh.org/channels/gcgh

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This page contains a single entry from the blog posted on November 20, 2007 10:59 AM.

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