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Foundation tops $100 million.

The Christian Foundation for Children and Aging, a charity based in Kansas City, Kan., has exceeded $100 million in annual revenue for the first time.

"The remarkable thing," said CEO Paco Wertin, "is that 90 percent of the donations are from small monthly gifts, averaging $25, from our 273,991 sponsors."

The foundation is a lay Catholic sponsorship organization, connecting sponsors with more than 317,000 children and elderly in 25 developing countries. The organization provides necessities such as food, education and health care.

In 2007, program support accounted for 94 percent of the organization's total expenses. It is the only major sponsorship organization to receive an A-plus rating from the American Institute of Philanthropy.

--Catholic News Service
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Title Annotation:U.S. BRIEFS
Publication:National Catholic Reporter
Article Type:Brief article
Geographic Code:1USA
Date:Mar 7, 2008
Words:118
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