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TechnoServe is Named "One of America's 100 Best Charities" by Worth Magazine

Submitted by: TechnoServe, Inc.

Categories: Philanthropy & Corporate Contributions

Posted: Dec 09, 2001 – 11:00 PM EST


For Greater Good: The 100 American Philanthropies Most Likely to Save the World

Dec. 09 /CSRwire/ - TechnoServe was just recognized by Worth Magazine as one of "America's 100 Best Charities." The cover story -- "For Greater Good: The 100 American philanthropies most likely to save the world" appears in the December 2001 issue, now on newsstands and on Worth Magazine's, web site: http://www.worth.com./magazine/index.cfm).

"We are delighted to be included on Worth Magazine's list of 'America's 100 Best Charities", said Paul E. Tierney, Jr., Chairman of TechnoServe's Board of Directors and Managing Partner of Darwin Capital Partners, L.P. "We believe that TechnoServe's work to build businesses that provide jobs and income for the hardworking poor of Africa and Latin America is more important than ever. And this kind of national recognition will help us to spread the word about TechnoServe and make more Americans aware of our initiatives to create economic growth in developing countries that will have widespread benefits."

"Donating to charity is an investment in the affairs of man", the Magazine notes.

"Worth's list of the 100 Best Charities is a guide for those people who expect a good return. To come up with its list", writer Reshma Memon Yaqub explained, "Worth spent six months investigating hundreds of charities and calling on the expertise of dozens of philanthropy experts."

"In choosing the 100 best charities," she writes, "Worth approached this as if our own money were at stake. We started by poring over three years, worth of tax returns, annual reports and statements of individual charities to determine which charities are putting donors, money to work efficiently. We required that all of the charities under consideration be national in scope, as well as substantially secular, nonpolitical, and well established."

TechnoServe was one of 2I "Relief and Development" organizations chosen by Worth Magazine. "September 11 made clear," Yaqub says, "while many Americans enjoy relative luxuries, vast numbers of people around the world live lives that are too short and afflicted with poverty, disease, civil strife, and open warfare. Relief and development charities all provide desperately needed assistance overseas. Surveys, such as the one conducted in February by the Program on International Policy Attitudes, have shown that Americans are under the impression that as much as 20% of the federal budget goes to foreign aid. In truth, the figure is less than 1%."

For more information, please contact:

Mara Neville TechnoServe
Phone: (800) 999-6757


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