PRESS RELEASE
Fund for Armenian Relief
2/5/2008
Contact: Edina N. Bobelian
(212) 889-5150
edina@farusa.org [mailto:edina@farusa.org]

The Fund for Armenian Relief Awarded Highest Rating by Charity
Navigator, Again FAR Among Only 15% of Charities in America to Receive
the Coveted Four-Star Rating Two Years in a Row

New York, NY – Feb. 5, 2008 –

On February 4, 2008, Charity Navigator congratulated the Fund for
Armenian Relief (FAR) on achieving its coveted four-star rating for
sound fiscal management for the second year in a row.

As the nonprofit sector continues to grow at an unprecedented pace,
savvy donors are demanding more accountability, transparency, and
quantifiable results from the charities they choose to support with
their hard-earned dollars. In this competitive philanthropic
marketplace, Charity Navigator, America’s premier charity evaluator,
highlights the fine work of efficient charities and provides donors
with essential information needed to give them greater confidence in
the charitable choices they make.

Charity Navigator uses the most recent financial information available
to calculate its evaluations and award its ratings. It provides a
comprehensive explanation of its methodology for donors.

FAR earned its second consecutive four-star rating for its ability to
efficiently manage and grow its finances. Only 15% of the charities
rated by Charity Navigator have received at least two consecutive
four-star evaluations, indicating that FAR outperforms most charities
in America to operate in the most fiscally responsible way
possible. This "exceptional" designation from Charity Navigator
differentiates FAR from its peers and demonstrates to the public it is
worthy of their trust.

The New York Times, NPR and The Chronicle of Philanthropy, among
others, have profiled and celebrated Charity Navigator’s unique method
of applying data-driven analysis to the charitable sector. Charity
Navigator evaluates ten times more charities than its nearest
competitor and currently attracts more visitors to its website,
than all other charity rating groups
combined, thereby making it the leading charity evaluator in America.

Charity Navigator’s evaluation of FAR is available online at ch.summary&orgid=3738

About FAR

FAR is a 501(c)(3) nonprofit organization headquartered in New York,
with offices in Yerevan, Gyumri, and Stepanakert. Since 1989, FAR has
implemented more than 220 relief, development, social, educational,
and cultural projects valued at more than $265 million in Armenia,
Karabagh and Javakhk.

FAR, one of the preeminent relief and development organization
operating there, is dedicated to realizing the dream of a free,
democratic, prosperous, and culturally rich Armenia. It works towards
a brighter future by partnering with donors to make daily life better
for vulnerable people.

For more information on FAR or to send donations, contact us at 630
Second Avenue, New York, NY 10016; telephone (212) 889-5150; fax (212)
889-4849; web