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Bernard L. Madoff Scandal Hurts Jewish Philanthropic Organizations
According to the Philanthropy News Digest, December 16, 2008, three Jewish foundations, Robert A Lappin Foundation, Chais Family Foundation, and the JEHT Foundation announced that because their funds were invested with Bernard L. Madoff, they must close their doors. The president of JEHT Foundation, Robert Crane's statement about this is available online at www.jehtfoundation.org/news. In addition, The Gift of Life Foundation, Yeshiva University, and the Sy Syms School of Business all have lost millions of dollars because of their investments with Bernard Madoff.
Tags: Nonprofit
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3 total votes | Comments (1) | Created by lesleyaileen on 2008-12-16 - Login to vote or comment!
Comments
Very interesting input! Thanks for the mention Lesley.